164
at Kowloon. At present we have no honses to letanywhere. If there are any questions to ask, I shall be pleased to answer them.
No questions being asked, the CHAIRMAN pro- posed the adoption of the report and accounts.
Mr. Cox seconded.
Carried.
The CHAIRMAN proposed the re-election of Mr. Fullerton Henderson as auditor.
“MP, MANOELL seconded.
Carried.
The CHAIRMAN—That is all the business of the meeting. Dividend warrants are now ready and can be had by application at the office. Thank you for your attendance.
THU HONGKONG WIDELY PRESS AND
No. 27, and balance of contract Alling in foreshore of extension to Hunghom marine lot No. 1 To amountpaid Colonial Govern-
ment to defray cost of divert..... ing outfall sewer stipulated. -under clapse 2 of the special
conditions relating to the sale of Hunghom marine lot No. 2 To amount paid fitting electric light plant in new dwellings, &o.
To amount paid completing now
Joiners' shop To amount paid on 20sount of
new blacksmiths' shop..
To a mount paid on account of boiler shop and ship-building yard improvements.
HONGKỤNG AND WHAMPOA DOCK To amount paid on account No.
CO., LIMITED.
The following is the report of the Board of Directors of the Hongkong and Whampoa Dock Co., Limited, to the ordinary yearly meeting of shareholders, to be held at the offices of the Com- pany, No. 14, Praya, Hongkong, on Monday, the 27th February, at roon :--
To the shareholders of the Hongkong and
Whampoa Dock Company, Limited. Gentlemen,-The Directors have now to sub. mit to you their Report, with a Statement of Accounts for the half-year ended 31st December jest.
The net profit for the six months, after paying interest dus and ull charges, amounts to......
2 Dook, foundation tank for new centrifugal pumps To cost of new machines for
turning shop
Commopolitan.
To value of Cosmopolitan Dook,
as per last statement Less amount since written off
To amount paid balance of oon..
tract entting new road and building retaining wall To amount paid on account of
new workshops....
10,701.94
4,000.00
9,852.00
788.00
17,952.00
18,004,00
8,762,00
4,948.00
1,189,955.94
297,689.97 22,639.97
275,000.00
1,800.00
8,959.25
To amount paid on account of
new godown....
10,654.29
$397,241.29
To amount paid building new
boat-building shed
13,031.68
To cost of new machines; tra
98,004.50
velling crane and hydraulic
rivetting plant..
21,099.88
$495,245.79
Directors' Fees Auditors' Fees
and from this have to be deducted—
$7,000.00 750.00
Tug, launches, and lighters. To value of Fame as per last account. To value of 15 steam launches,
528,845.10
15,000.00
7,750.00
steam lighter and boats, as per last statement ..
50,000.00
Less amount since written off, and proceeds of one lan, ch
sold..
10,500.00
to which has to be added the balance brought forward from last Account
[February 25, 1899.
HONGKONG FIRE INSURANCE CO., LIMITED.
The following is the report for presentation to the shareholders at the thirtieth ordinary general meeting, to be held at the offices of the General Managers, on Wednesday, the 1st March, at noon :--
The General Managers and Consulting Com- mittee beg to present to shareholders the thirtieth annual report of the company.
1897 Account. This account shows a profit of $225,522,40, which sum, with the approval of the consulting committee, it is proposed to deal with as follows, viz. :-
Bonus to contributing shareholders $ 6,970.16 Addition to reserve fund...
Dividend of $24.50 per share
22,552:24
196,000.00
$225,522,40
1898 Account.—The balance at credit of this account is $296,540.66.
MORTGAGES,
From the reports and valuations made by the Company's surveyors the General Managers -- and Consulting Committee are satisfled that the properties held by the Company form ample security for the advances made.
CONSULTING COMMITTEE,
Messrs. Maitland and Ross having left the colony, Messrs. 8. G. Bird and C. H. Thomp son were nominated for the vacant seats; these appointments require the confirmation of share- holders. The present members, Messrs. Chater, Lewis, Raymond, Bird, and Thompson retire, but offer themselves for re-election.
AUDITORS.
The accounts have been audited by Messrs. Fullerton Henderson and W. Hutton Potts and their re-election is recommended.
Jardine, MATHESON & Co., General Managers,
Hongkong Fire Insurance Company, Limited.
Hongkong, 15th February, 1899.
BALANCE SHEET TO 81ST DECEMBER, 1898.
Dr.
leaving available for appropriation $487,495.79 The directors recommend that a dividend for the half year of 8 per cent. or $125,000, and a bonus of 8 per cent. or $125,000 aggregating $250,000, be paid to the shareholders, a bonus of $20,000 to contributing shareholders, bonus of $25,000 to the European staff of the Company, that $69,955.94 be written from the value of Kowloon Docks, $25,345,10 from Cosmopolitan Dock, $5,000 from the Steam Launches, and the balance $92,194,75 be carried to the new account.
The large amount of new construction and repairs which have passed through our hands during the six months just closed have kept all our workshops more than fully employed, and in order to overtake the pressure of business it has been found necessary to keep both workmen and machines on nightwork for some months, which clearly justifies the steps already taken by the Board to largely augment the facilities of our workshops at both the Kowloon and the Cosmopolitan Establishments, and to accom- medate some large vessels now in course of construotion for the Pacific Mail, the Board has decided to increase the length of the No. I dock by 5 feat.
DIRECTORS.
Mr. George. B. Dodwell having left the colony, Mr. E. 8. Whealler was invited to the vacant seat on the Board.
In accordance with the clause 60 of the Ar- ticles of Association Messrs. C. Beurmann and E. S. Whealler retire by rotation, but being | eligible offer themselves for re-election.
The Hon. J. J. Bell-Irving has been appointed Chairman for the year 1899.
AUDITORS.
The accounts have been audited by Mr. Thos. Arnold and Mr. 8. G. Bird; the Directors re- commend these gentlemen for re-election.
J. H. Lewis, Chairman. Hongkong, 16th February, 1899.
CAFITAL. ACCOUNT, JULY TO DECEMBER, 1898.. Acerts.
31st, Doc., 1898.
Aberdeen.
To value of Aberdeen Docks, na par, last
statement
Kowloon,
value of Kowloon Dosks, as
per last statement :
100,000.00
*
1,222,868,99
Lem umount sinos written off: : 102,368,99
amount paid on account removal of hill on the new extension Kowloën staring lot
1,120,000.00
To Humphreys Estate and Finance Com- pany 6 per cent. mortgage debentures To sundry debtors
в
To cost of material on hard...
3 at Dec., 1898.
LIABILITIES.
By shareholders for 12,500 shares of $125
each fully paid up Ey reserve fund
By admiralty loan £20,000 on
Less repayments.....
9,030.4 10
By sundry oreditors Ry bala ce of profit brought for- By profit
Uncollected dividends
1,362,500.00 | Working account, 1897,-
800,000.00
་་་་་
Cash, on current account with Hongkong &
Shanghai Banking Corporation 495,245.79 | Cash in hau da of General Managers
Fixed deposits,
39,500.00
100,000.00
338,519.70
1,275,875.97
LIABILITIES.
Capital subscribed
$2,000,000.00
$3,384,196.71
Amount paid-up
+
Reserve fund
400,000.00 1,046.768.76
$ 0.
Accounts payable
5,096.21 88,581:48
Net profit...
·**༞༞༞**་།“ཅར་ཐོབ་**ས
226,522.40
Working account, 1898,-
Amount brought forward from below
296,540.66
£10,969 15 2 at 1s. 11 3.
113,541.43 412,909.49
$2,010,453.51
Cr. ABKETS.
ward from last account
98,004.50 897,241.20
58,269.0 8
582.2 2
$3,384,196.71
Hongkong and Shanghai Bank-
ing Corporation
100,000.00 -
+
REVENUE ACCOUNT.
tralia, and ‹ hins
0 1,877.54 2,718.55
0.
200,000.00
Mortgages,—
1,877.11
In Hongkong ....
.004,520.00
In Shangbai
.460,588.43--
20,729.70
**
In Yokohama
25,725.39
6,260.22
1,390,828.82
1,898.19
Investments,—
1,042.88
397,241.20
Chinese Imperial Government
Loan, 1888,
·87,621.86
$431,045,48
Hongkong and Kowloon Wharf. and Godown Company, Ltd., Debentures,
60,000.00
0.
Hongkong High-Level Tram- Ways Company, Limited, Debentures,
11,500.00
426,785.79 4,490.18 195.00 524.53
62,608.70
$431,945.48
27,586.20.
81st December, 1898. To interest To
rowu rent
To fire insurance
To office expenses, Salaries, stationery, and
rent of head office..
To drawing office expenses and salaries ....... To telegrame
| To legal expenses
To profit.
1st July to Dec. 81, 1898.
By net earnings of the Company's three estab-
lishments
By towage net earnings
By transfer fees..
By bonus ou premia, &c..
A private letter received from Manila yester day says "We had a hot time on Friday night (Feb. 10th). Everybody went into the walled city. The Insurgents broke into our lines two miles from Manila and people got frightened for a time, but our troops soon put them in their places with really great slaughter of the Insurgents, as I turned out and them myself.
امج
Chartered Bank of India, Aus-
..
50,000.00 Mercantile Bank of India, Ltd. 50,000.00
Shanghai and Hongkew Wharf. -.
Company, Limited, Deben.
tures: ***
Shanghai Land Investment
Company, Limited, Deben- tures,
200 Shares in the Hongkong Land Investment and Agency Company, Limited,
5 Shares in the hini Fire In
surance Company, Limited.......
Steam Fire Engines, Accounts Roosivable,"
18,000,00Đ.
375.00
Working Accourt, 1897.
To losses and olsims paid To return premia and re-
212,691.76
500.00 152.581.08