228
Balance of profit and loss account$614,360.15
Teas Interim dividend at $5
per share paid on 26th August, 1898
THE HONGKONG WEEKLY PRESS AND
[March 18, 1899.
ASSETS.
Property account
Refined sugar
632,142,43 43,564.23
Balance from 1897
240.91
100,000.00
Raw sugar
35,673.43
Dividend on 30,000 new shares returned by
General Managers'.
2,604.17
514,380.15
onl, charcoal, stores, mat bags, &c. Cash
58,732.48
Exchange.
4,262.31
Balance of Green Island working account
85.38 62,000.78
· $5,366,010.11
Fire Insurance
82.23
Balance of Deep Water Bay working account, 14 8.66-
ASSETS.
0
Hongkong & Shanghai Bauking (orporation 26.555.00 Sundry debtors
9,551.12
$60,849.80
Property account, consisting of:-
East Point refinery.
805,663.32
Bowrington refinery
Balance at debit of profit and loss account ...
9,819.96
BALAxor Sheet,
LIABILITIES,
Swatow refinery
1,560,427.37
Capital-
Hongkong distillery
$815,383.28
Site at Soo-kun-poo
20,000 shares at $10 fully paid up 200,000.00
399 shares at 2.50. $ 0.
Cash
1,520.56
PROFIT AND Loss Account.
paid up
997.60
Raw and refined sugar, &c.
947,747.84
Epirits and rum, &c.
5,266.82
Charcoal, coal, stores, &c.
275,206.60
To interest.... To Mauila agents' commission To auditor's fee
8,367.69
29,150 shares at $5
1,473.16
paid ap
145,750.00
150.00
405 shares at 10 paid
Sundry debtors
163,698.26
To loss on working
6,983.67
up
4,050.00
Shipments...
..$3,441,318.70
-150,707.50
Less advance
1,029,255.84
$16,974.52
2,412.082.86
$5,366,0.0, 1
By balance from last year
$ 5,900,31
0.
Due to bankers
By exchange
1,254.25
PROPERTY ACOGUNT.
0.
By balance
9,319.98
Sundry creditors
cember, 1897
To balance at debit on 31st De-
Less written off last year
New buildings and machinery.
Reserve fund
Duo to General Managers
Debentures drawn but not presented...
Balance of profit and loss account
2,114.45
131,9 9.68 600.00 23.340.56 50, 17.44
850,797.60 171,597.50
$1,606,493.81 75,000.00
$16,974.52
$730,287.13
1,531,493.81 29,933.56
$1,560,427.37
To balance at date ...
1,560,427,37
1,560,427.37
PROFIT AND Loss ACCOUNT.
Dr.
To commissions
ASSETS,
Green I-land, Macao-
Buildings and machinery, as per
last statement
New machinery
$ .181,800.00 11,615,38
Q.
193,415.38
11,915.38
181,500.00
126,815.93
1104.00
2,468.31
Expended on new works to date
300,$30.82
To remuneration to onsulting ommittee
To auditors' fees
To interest account
To interim dividend at $5 per share paid on
26th August, 1598
To net balance
Cr.
By balance of profit and loss account, carried
from last year
By gain on working
$ c 35,030.34
2,500,00 750.04
85.931.75
174,212,09 514,380.05
£658,572.21
THE GREEN ISLAND CEMENT CO., LIMITED.
The following is the report for presentation to the shareholders at the tenth ordinary general meeting to be held at the office of the general managers on Wednesday, 22nd March,
at noon :-
Annexed we have the pleasure to lay before shareholders a statement of the Company for the year ended 31st December, 1898.
The net profit, including the amount brought 74,212.09
forward from the previous year, amounts to 100,000.00 | 85,317.44. which it is proposed to carry forward to the credit of next year's account. It bas heen decided to recommend this course instead of paying a dividend, as usual, as the building of the new factory at Hok. Un is absorbing all the Company's present funds and it is hoped in this way to avoid having to raise further capitul. So far as can now be seen the original estimates of cost will not be exceeded but there will be no sarplus, while on the other hand money will of course be required for working (688,572.24 | capital and for carrying larger stocks of raw
mate rial and finished cement in future.
$
C
13.759.31 674,8.8.03
LUZON SUGAR REFINING CO.,
LIMITED.
The following is the report for presentation to the shareholders at the seventeenth ordinary annual meeting to be held at the offices of the General Agents, at 12.30 p.m. on Thursday, 23rd March :~~-~
The General Agents beg to submit to share holders their report on the business of the Company during the year 1898, with a state- ment of accounts to 31st December last, which they regret should be unsatisfactory.
In consequence of the disturbed state of affairs in the Philippines, work was suspended at the refinery during the greater portion of the year, and beyond supplying the limited local demand for refined sugar, no profitable outlet could be found for stocks on hand.
laclusive of $5,900.31 brought forward from the year 1897 the net loss on working amounts to $9,819.06, which is carried forward to the current year..
CONSULTING COMMITTEE, The Consulting Committee consists of Messrs. D. Gillies and J. H. Lewis, who offer themselves for re-election.
་
AUDITOR.
The accounts have been audited by. Mr. Thomas Arnold, who offers himself for re- election.
JARDINE, MATHESON & Co., General Agents.
·Hongkong, 11th March, 1899.
|
Sales during the year show a falling off but rather better prices were obtained, and the result is therefore very little less than that of the previous twelve mouths. After many trials and disappointments all the difficulties in the way of burning the new kilu at Green Island wers overconis, and as auticipated the kiln has proved a decided acquisition. The contractor for the Works at Hok Un has not made the progress we expected but we hope that Septem- ber will see everything there ready for com- mecing operations. At Deep Water Bay the work has suffered greatly from s okness and mortality amongst the employés and from the consequent changes in the staff, &c. The profit is still very small but much time has been given to re-organizing and increasing the plant and machinery, improving the site, economising labour, &c., the benefit of all of which is already felt in a considerably larger output.
+
Less depreciation
Cement, raw material, &c. in stock
ement on consignment Expanded on new kila and dryer to date... Dok Un, Hongkong-
Deep Water Bay, Hongkong -
Cost of land, buildings, machi-
nery, &c. as per last statement 29,050,00 New coolie quarters
Less depreciation
Bricks, pipes, &c. in stock Bricks, pipes, &c. on consignment.. Expended on new kilns to date Furniture, as per last statement... New furnitare
Less depreciation
Sundry debtors
ash, head office
748.00
29,798.00. 1,798.00
28.000.00
28,439.72
743.41
8,958.68
600.00 9.00
609.00 29.00
[570.00 42.914.70 1,512.78
$736,287.13
(LIV) KS-FREEHOLD MINES, LIMITED.
The following is the report for presentation to the shareholders at the third ordinary annual Offices of the Company, 38 and 40. Queen's general meeting, to be held at the Registered
Road Central, on Saturday, 18th March, at
noon :-
718th
Gentlemen, We be to lay before you the report and statement of accounts for the year ending 31st December, 1898, which, including a balance of $26,241.15 brought forward from 1897, show a balance at debit of working ac.
count of $40,671,41.
The Eureka Main Shaft.-Driving North and South at the 150 feet, 200 feet and 300 feet levels has been carried on during the year and Messrs. Ewens, Orange, Li Sing, Chater. good progress has been made. Intermediate
CONSULTING COMMITTEE.
and MacEwen retire but offer themselves for re-election.
levels below the 200 feet have also been starlëd with satisfactory results. The stopes above the 150 feet and 200 feet levels have continued to The accounts have been audited by Messrs. yield ore of good quality, but at the 300 feet
AUDITORS.
Jas. H. Cox and F. Henderson who are recom- mended for re-election.
SHEWAN, TOMES & CO.
General Managers.
Hongkong, 11th March, 1899.
PROFIT AND Loss Account, 31ar DECEMBER, 1898.
Interest....
A mount transferred from bad and doubtful debts Consulting Committee's fee
CAPITAL ACCOUNT, 31ST DECEMBER, 1898.
LIABILITIES.
Capital account.
700,000.00
Auditors' fees
Jardine, Matheson & Co.'s current account Sandry creditors
113,760.12
Depreciation for 1898.
1,623.16
Balance.
с
7.78
372.20
1,500.00
level so far -only stone of low grado has been met with.
B. Shaft.-A new shaft has been sunk 500- feet North of the Eureka Main Shaft, a depth of 136 feet has been attained, corresponding with the 150 feet level in the Main Shaft, and driving to cut the reef at this point is now in progress.
The Battery has been in fuil work all the year except when stopped for
and is in good order.
13,752.38 plant generally ore in "ut of water.
400.00.
machinery and ordør.
50,917.44 Water Supply Owing to continued dranglit
the water in the dams completely ga $66,349.80 1.the battery was hung up from the middle
1