134
Land and house property
Sandakan engine works
Furniture
Assets.
Rough and sawn timber, stock of
100,000.00 (2,787 14
Stores, stook of
Cash in hand
6,816,00
Lass depreciation
1:2,787.14 7,7-7.34
10%,000 00
$168,162.04
Rope, oli, do, do, lu godown, valued at Rope o cosigment, valued at
46.724..7
WORKING ACCOUNT, 1899.
To cost of management, office expenses and
Dr.
$
Bundry debtors......
0.
general charges,
To interest
To preliminary expenses
To auditor's fee
13,079.13
3,094.93
Cash at factory
2,104,30
Fire Insurance premia, account 1900
Hongkong & Sha ghai Banking Corporatio. Cash on hand
Investmont in shares of local companies,
valued at
65,635.00 66 .96 42,987.15
HE HONGKONG WEEKLY PRESS AND
us of factor machinery, do,
in Rast
[February 24, 1900,
AUDITORS.
The accounts have been audited by Messrs. Thomas Arnold and Fullarton Henderson, the latter acting for Mr. 5. Godfrey Bird, who is absent from the colony on leave of absence. The directors recommend Messrs. Arnold and Bird for re-election.
E. S. WHEALLER,
Chairman.
CAPITAL ACCOUNT.
31st Doc.. 1899
94, `7.02
ARBET..
744.57 25.00
A berdeon,
75.00
125,66 .00
To balance carried to profit and loss account 23,494.98
200 shares Hongkong Land Investment and
Age: cy Co., Limited.
$41, 49.22
130 shares China Traders Insurance Co., Ltd. 100 shares Hongkong and Whampoa Dock
Co., Limited.
Cr.
By profit on sales of rough and sawo timber, de
$ 41,-48.22
0
64 shares Ya: gteze Insurance Associatio
imited.
1
241,818.22
Ou shares Dougl 8 Stemship Co., Limited. 1,000 euros hin Provident Loand
Mortgage Co., Limited.
$1,272,453.61 72,458.81
$1,00,000.00
$7,220.00
$ 0. 23,494.98
537,382.47
PROFIT AND Loss Account. To amount carried to a .ow acoou t
By balance of working account brought down 23,494.96
THE HONGKONG ROPE MANUPAC- TURING COMPANY, LIMITED.
The following is the report for presentation to the shareholders at the sixteenth ordinary general meeting to be held at the office of the General Managers on Thursday. 8th March, 1900, at 12 o'clock noon.
Annexed we have the pleasure to lay before shareholders the annual statement of accounts made up to the 31st December, 1839.
The net profit including the balauce brought forward from last year amounts to $211,054.30, which it is proposed to appropriate as follows; To place to reserve fund ...$200,000.00
To carry forward to next year's
account
11,95430
It is not proposed to pay a dividend in cash, but as more funds are required to carry larger stocks in fatare and for further extensions to the factory, it has been decided to raise the capital to $500,000 by the conversion of $250,000 out of the reservo fund, into capital, new shares for which will be issued to shareholders.
CONSULTING COMMITTEE,
In accordance with the articles of Associa- tion, Messrs. Gillies, Lewis, Raymond and She- wan retire, but offer themselves for re-election
AUDITORS.
The accounts have been audited by Messrs. T. Arnold and F. Henderson, who are recom. mended for re-election.
SHEWAN, TOMES & Co, General Managers.
PROFIT AND Loss Account
$
•
Donation to "Sailors' and Soldiers Families'
Fund"
Consulting Committee's fee
00.00 2,000.00
Auditors' foo
Exchange
Written off land, buildings and machi..ory,
as depreciation Balance
Balance brought forward from 1898 Interest and dividends on investmenta Proft sa re-valuation of investments Balance of working nocou t
Reserve fund
400.00
ミ
75.19
C.
HONGKO G AND WHAMPO | DOCK COMPANY, LIMITED.
The following is the report of the board of directors of the above company to be presented to the ordinary yearly meeting of shareholders. to be held at the offices of the company, Queen's Buildings, New Praya, Hongkong, on Monday. the 6th February, 1900, at 3 o'clock p.m.
To the Shareholders of the Hongkong and Whampoa Dock Company, Limited.
Gentleinen, The Directors have now to sub- mit to you their report, with a statement of acconuts for the half-year ended 31st Decem ber, 1×99
The net profi' for the six months, after paying interest due and all charges, amounts
$459,866,74
to
to which has to be added the brought forward from last Accouut
and from this have to be deducted--
Director Fees Anditors' Fees
To value of Aberdeen Docks, as per last
statomeut
Kowloon.
To value of Kowloon Docks, as
per last statement
per
Less amount einco written off
To amount paid in connection with purchase of Hung Hom I. L. No. 24 ..
To amount paid on account of removal of hill on the now extension Kowloon Marine Lot No. 27
To amount paid on account of
now blacksmiths' shop... To amount paid on account of boiler shop and ship-bullding yard improvements To amount paid on account of
lengthening No. 1 dock To amount paid on account of
No. 2 dock, cost of one new Cornish steam pump, one new surface condensing plant, with engines, pipos, &c., and Atting same
To amount paid on account of
new boundary wall and yard extension
To amount paid on account of
new paint store
To amount paid on account of
new iron store
To amount paid
new
on. Recount of 8 houses for European
foromon
To amount paid for construct- ing new W. C.'s in yard for Europeans, and fitting gas Tthroughout yard, &e
7,548.50
28,818.00
8,633.00
6,451.00
15,976.89
1,126.J0
2,053.00
4,35 1,70
1,36 .50
4,500.00
$
100,000.00
0
365,804.42
$825,671.16
$7.000.00 750.00
amount paid for one new patent double cylinder verti cal steam fire engine with suction pipes, hoses, &c. To cost of boiler, cranes and new machinos for new black- smith shop
6,650.00
9,844.00
7,750 00
To cost of new machines for
boiler shop
9.680.00
To cost of new machines for
engine shop
5,605.00
1,370,029.89
312,429.50 +2,429.50
300,000.00
5,032.03
leaving available for appropriation $817,921.16
Cosmopolitan.
To value of Cosmolitan Dock,
as per last statement
less amount since written off
new sea wall and reclama- tion
The Directors recommend that a dividend for the half-year of 8 per cent or $125,000, and bonus of 1 per cent or $187.500, aggregating $312.500, be paid to the shareholders, a bonus To amount paid on account of of $20.00 to contributing shareholders, bonus of $25,0 to the European staff of the Com. pany, that $70,026.89 be written from the ralne of Kowloon Docks, $54,021 91 from Cosmopoli- tan Docks, and the balance $340.369.36 be carried to the new account.
The returns of the past year, takeu as a whole, have been the most favourable with re- 12,787.14 gard to the volume of work done and the profit 211,054.30
made that the Company has so far experienced. but to get through such a vast amount of work $226,816.53 it was found necessary to keep the machines at both the Kowloon and Cosmopolitan establish. ments running practically night and day, 4,-62.96 The extension and reconstruction
of our 8,097.63 | workshops referred to in our last report are now 46,794.70 well in band and this work will be completed us 167,001.24
early as circumstances will permit; the great want of accommodation in our workshops and the lack of machine tools to cope with the de- mands made upou our resources are being more acutely felt every half-year,
226, 16.03
BALANCE SHEET.
LIABILITIES.
Capital 5,000 shares at $50, paid up
Due to General Managers
Balance of profit and loss
Sundry creditors
Cost of land, as in last account
Los depreciation
$ 250,000.00 50,02-00
DIRECTORS.
The Hon. J. J. Bell-Irving having left the 1,574.25 colony, the Hon. J. J. Keswick has been invited 14,678.92 to the racant seat on the Board; this appoint.
211,054.30
67,332.47
ASSETS.
$60,000.00
6,000.00
55,000.00
ment requires to be confirmed at this meeting.
In accordance with clause 60 of the Articles of Association. Messrs., N. A. Siebs and A. Haupt retire by rotation, but, both being eligi.
ble, offer themselves for re-election.
The Hou, J. J. Keswick has been appointed chairman for the year 1900,
To amount paid on necount of extensions to fitting shop, boilershop, blacksmiths' shop, coppersmiths
foundry
To cost of new machines for
fitting shop
Tug, launches, and lighters. To value of Fame as per last account To value of 14 steam launches, steam lighter and boats, as
last statement
Less amount since writton cif
shop,
and
43,174.89
1,815.00
350,021.91
15,000.00
34,500.00 4,500.00
0,000.00
100,000.00 347,118.13 1,161,201.64
23.873,571.57
1,56,500.00 900,000.00
£20,000 0 0 0,99 0 0
To Humphreys' Estate and Finance Company
6 per cent. mortgage debentures To sundry debtors To cost of material on hand
31st Dec, 1899.
LIABILITIES
By thareholders for 12,500 shares of $125
each fully paid up
By reserve fund
y admiralty loan
Less repaymenta
£10,608.11 0 at 1/11 3-16the 103,592.54
By sundry creditors By balance of profit brought
forward from last account
By protit
481,907.87
385,804 42 419,866.74
826,671.18
$3,873,671.57