1900.
please to answer any ques- questions, the CHATEMAN report and accounts be adopted. MI GERSHOM STEWART 60Conded and the! motion was carried.
oved the
On the motion of Mr. MOKIE, seconded by Mr. PAUL JORDAN, the appointments of Messrs. Lewis and Moses to the Consulting Committee were confirmed, and the retiring members of that Committee (Messrs Chater, Gillies, Mait land, Lewis and Moses) were re-elected.
Messrs F. Henderson and W. Hutton Potts were re-elected auditors,
The CHAIRMAN That, gentlemen, concludes the business of the meeting. Dividend warrants will be ready on Monday. I have to thank you
for your attendance.
JELEBU MINING & TRADING CO.
The twenty-second ordinary general meeting of shareholders of the Jelebu Mining and Trad. ing Company was held at the offices of Messrs. Huttenbach Bros, and Co., General Agents of the Company, Singapore, at noon on the 6th
inst.
Mr. J. P. Joaquim, Chairman of Directors, presided, and there were also present :-
:-Messrs. MacDougall, Huttenbach, Sanderson, and Hon. Dr. Lim Boon Keng (directors) Lean, Vogler, Teo Swee Hee, Kottmann, Durler, &o.
The directors' report and accounts for the half-year ended 25th July, 1900 (a summary of which has already appeared in our columns)
was read.
manager
The CHAIRMAN said the report explained fully the position of affairs and he had very little to add to it. To some it might seem unsatisfac- tory to start again with a debit balance. But as was explained in the report, the Rin lode was still to be considered in its initial stage. He thought it would be agreed that the policy of the directors in writing off amounts for de- preciation, although the machinery was quite new, was a sound policy. The reports of the general manager and mine manager embodied in the directors' report spoke for themselves, and he would only supplement them by reading extracts from a letter of the general manager of the 21st September last:-"The battery is now running 18 hours a day, and we are getting large quantities of tin, and the quality is much better. The Glami lode has been opening up very well this month, and we have been able to entirely supply the battery from it. The mine is pushing on driving the surface lode so as to give us plenty of back (stone) to keep the battery going in the event of delay from the winding plant. The surface lode in the west level is also very much improved, and is driving on very good stone. The tin dresser expects to get 7 tons this month, and if so that will clear all expenses." Continuing, the Chairman said the expectations of the tin dresser mentioned in the extract just read had been realised, for on Tuesday last he had received a telegram informing him that the September "clean up" had yielded 7 tons. It must be borne in mind that that yield was the result of the work of only 10 hoads of stamps; botter results: would по doubt be ob. tained as soon as the extra 10 heads were erected and in working order. The working of the 10 extra heads might very soon be expected. Another report had been received this morning from the general manager intimating that the ore would give as good, if not better, assay than the last two shipments. The last two were 59 per cent, and 65 per cent, respectively. The report also dealt with the number of feet now in view in each lode. It would be seen from the letters of the managers that brightor pro- spects were in store for the company, and the directors hoped that the company would soon pay a dividend. He would be pleased to answer any questions.
'મ
No questions being asked, the CHAIRMAN moved the adoption of the report and accounts. This was carried:
Mr. MacDougall was re-elected a director, and Mesars, Gann auditors, the meeting then closing.
Cattle-shippers at Brisbane are sending large (consignmen of ballooks and sheep to Taku. The last stor leave for China, was the Maori King on the 24th ult.
CHINA OVERLAND TRADE REPORT.
THE NORTH CHINA INSURANCE. By cash on
COMPANY LIMITED.
The following is the report for presentation shareholders, to be held at the Offices of the to the Ninth Ordinary General Meeting of Company, Hankow Road, Shanghai, on Tues- day, the 23rd October, at 4 p.m.: ---
The directors beg to submit for the informa- tion of the shareholders the annexed duly audited statement of the Company's accounts to the 80th June, 1900.
An alteration has been made in the method of stating these, which in their present form show method, which it is thought will prove more the figures for the whole of 1899, and this acceptable to the shareholders, will be adopted in the future.
1899.-An interim dividend of 5 per cent, amounting of taels 46,153.84, was declared on the 20th April last, and after deducting this there remains a sum of taels 162,980.71, which from the balance of the working account, the directors recommend should be appropriated in the following manner:-
A final dividend of 5 per cent on paid-up capital,
And a bonus of 10 per cent. upon contribu tory promiums.
The balance to be retained to meet further liabilities.
meeting to place the surplus accruing from the The proposition made at the last general sale of the property, 10, Hankow Road, less ex- penses, to the credit of the reserve fund, was duly carried into effect, and the fund now stands
at taels 260,000,
the 30th June amount to taels 258, 08.00, which 1900. The balance of working account to compares favourably with the corresponding period of the previous year.
DIRECTORS.
It is with the greatest regret that the direc. tors record the death of Mr. David Brand, who for over twenty years had been intimately as- sociated with the direction of the company's affairs, both in Shanghai and in London.
By
By Shang
**
of 1836 (E.
por
meno p debentures By Shangh
Co. a6 por cent. By Shanghai
65,400.00
ituros 20,850,00
Co. a5 per cent, deboutures By Shanghai and Hongkew Wharf Co.'s 6 per cent. dobontures.ZUSI
By Shanghai Mutual Tele- phone Co., Limited ....
9,600.00
5,260.00
200.00
58,000:00
By mortgages on property By London freehold premises: 270,403.62
in Shanghai
By London branch-Balance, Cash at bankers £0,827 16 3 National War
loan 21 per India Govern-
cont...
652 10
18,994 611
27,200 13°4
mont securi ties Colonial Govt.
bonds Chinese Govt. 5 per cont. loan of 1896 11,804 14-7 Chinese Impe.
rial railway 5 per cent. loan of 1899 4,790
Japanese Govt.
4 por cont.
loan of 1899 8,745 2 €
English railway
securities. 5,145 7 7 Indian railway
Bocurities 17,206.4 0
Canadian Paci
Ho railway 5 percent. mort. debentures.... 5.712 10 Furniture no-
counts-Lon. don and Man- chestor Þ.355 Premia ont-
standing, bills receivable, policy stamps and drafts, in course of col- leotion
Messrs. E. Davis, H. R. Hearn and W. D. Little having resigned their seats on leaving for home, and Mr. Cecil Holliday having retired, Messrs. J. N. Jameson, G. A. Matthews and W. H. Poate, upon the invitation of the Loss-Duo to directors, have joined the board.
sundrios....
8,299 10
The directors retire in accordance with the regulations of the company, but, being eligible, By Hongkong branch-Da offer themselves for re-election.
AUDITORS;
White and Wrightson, and their term of office The Accounts have been audited by Messrs. having expired, they again tender their services to the shareholders.
By order of the Court of Directors,
WM. GEO. BAYNE. Secretary,
Shanghai, 9th October, 1900.
To capital account:-
lance
£115,388 14
1,836 9 9
801,500.07 118,547-414
42,649.77 6,041
20,439.54
23,681.42
3,835 12 0.
8,779 174
351 14 2
By Yokohama branch--Ba-
Iance
By furnituro at head office, By Singapore branch-Ba
lanco
Hongkong, Yokohama, and Singapore branches By sundry debtora -Premin, etc.. outstanding at head office and agencies
Loss-Due
sundries
Dr.
Taels.
L
s. d.
5,000 shares at £25=
£125,000.0.0 at 28, 10d. 882,352.04 125,000 0 0 To reserve fund-
as at 30th June, 1800
Less-Trans-
forrod to 1893
Tools.
250,000.00
account..... 00,000.00
Add-Trans-
forrod from property ac count..
190,000.00
70,000.00
To working account, 1809
Amount brought forward from below......... 209,134.55 Deduct-In-
terim share
dividend 4.40,153.84
To working account, 1900;
Amount brought forward
from below E
and previous years. To liability account for 1898
To dividends uncollected
Taols. 5,591.83
3,189.65
2,403.18
6,000 19 0
Taols 1,589,483.76 £225
WORKING ACCOUNT, 1809.
Dr.
Tuels.
To net promia, 1st Jan, to 31st Doc., 1899 683,408,94
To intorost
To transfer and certificate foes
To profit on investment realized
To exchange scoount
By agency commissions, 1st January
31st December, 1809
260,000.00 36,833 68 By charges at head c
[162,960,71* 23,089 18
agencies Momen
By directors' and au By income tax, By depreciation furni By losses and claims By balance carried fo
WORKING
258,008.00 88,551 28
To net premis 23.713.48 3,359 8 2 To interest
2,453.65 344 15 4 To transfer and
(Ex 2/10 per taal) Taals 1,580, 488.76 £225,177 11
branches.
4.97