July 6, 1901.]
THE HONGKONG ELECTRIC COMPANY, LIMITED.
The following is the report of the board of directors to the twelfth ordinary yearly meeting of shareholders, to be hell at the company's offices, No. 4, Queen's Buildings, st 12.15 p.m., on Saturday, 6th Jnly :-
— !
Gentlemen,-Your directors have the pleasure to submit the accompanying statement of the Company's accounts for the year ending 30th April, 1901.
The balance at credit of profit and loss account is 855,831.89; after deducting directors fees ($3,000) there remains the кат of
CHINA OVERLAND TRADE REPORT.
To insurance..
To repairs
To had debts
To tools
To auditors' fees
35
& c. fear and dread of my prancing (aged) steed. 1,282.73 Unfortunately he does not state which “side of 880.22 the road." Must your readers conclude that 219.80 he ran over the precipice side and hung on- 200.00 metaphorically speaking-by
216.40
the skin of his
To amount curried to profit and loss account 54,782.48 teeth until the hoof-beats of my "charger'
Cr.
By gross carnings of the Company..... By interest By serip and transfer fees
$171,814.32
$
170,749.25
17
were lost in the dim and distant vista of Bowen Road Filter Beds How in the name of good- ness his "crouching" attitude is conclusive of or conducive to furious riding, as his letter 1,017.32 infers, I fail to see. There is, however, very 17.75 great danger in the "crouching" practice, and I certainly should advise him to get under some proper supervision during this gymnastic exercise. To me, sir, however, the whole thing rather smacks of the humour of a Gilbertian 55,831.80 opera. Expressing my sorrow at occupying so much of your valuable space, and thanking you $55,831.89 | in anticipation, I am yours, etc.,
$171,814.32
PROFIT AND LOSS ACCOUNT.
Dr.
3
$52,831 89 available for appropriation; and To amount available for appropriation your directors recommend that this be disposed
of as follows : —
To pay a dividend of 7 per cent. per annum:- Say 70 cents per share on 30,000
fully paid shares
Cr.
$21.00 1.00 | By amount of undivided profit, as per last
account
Say 4 cents per share on 30,000
part paid shares
7,350.00
To write off plant account for
depreciation...
23,348.61
To write off furniture account for
depreciation..
103,0)
To carry forward to next account 1,030.28
$52,831.89
The shares of the new issue not taken up at date of last report have since been allotted.
A call of 83 per share was made on the new issue, same being payable on 1st November last; 10 shares were forfeited for non-payment of this call, and these have since been disposed of.
The manager's report attached hereto gives usual particulars of work carried out, during the year, &c.
DIRECTORS.
In accordance with the articles of Association Hon. J. Thurburn, and Mr. C. S. Sharp retire, but, being eligible, offer themselves for re- election.
·
AUDITORS.
The accounts have been audited by Messrs. J. C, Peter, and Murray Stewart (the latter in place of Mr. G. Stewart who is absent from the Colony). These gentlemen offer themselves for
re-election.
C. S. SHARF,
Chairman.
Hongkong, 24th June, 1901.
The following is the statement of accounts to 30th April, 1901
Capital:
LIABILITIES.
.
30,000 shares each $10 paid up 300,000.00 30,000 shares each $5 paid up 150,000.00
Sundry creditors
Dividends unclaimed
Balance of profit and loss account
Less amount provided for depre.
ciation
By balance of working account, brought
down
1530.000,00 4.484.00 3.105.45 55,831.89
$513,421,34
C.
C.
3
1,049.41
54.782.48
$55,831.89
GIBB, LIVINuston & Co.,
Agents.
MANAGER 8 REPORT,
The Directors, the Hongkong Electric Com. pany, Limited.
Gentlemen, I have to report that the lamps and fans connected to the Company's Incandes- cent Lighting Service on the 1st June were equivalent to upwards of 13.400 lamps of 8 candlepower.
287,348.61
ASSETS.
、
c.
Plant, cost of, as per last ac-
$
count
259.354 23
24,354.23
Cost of plant, since added. Property, cost of land and build-
ings as per last account
$235.000.00 52,348.61
Cost of buildings since added
60,938.60 20,881.08
Installation material, stock of
Stores and coal, stock of
Tools, &c., stock of
Furniture, cost of, as per last
necount
$458.00 45.00
The number of arc lamps supplied, viz., 4. remains the same as at the date of my last report.
During the year, new and improved are light- ing dynamos have been laid down to take the place of the original dynamos, which had been in service for more than ten years. The new machines are giving every satisfaction.
The incandescent lighting plant has been increased by the erection of an improved pat teru steam alternator to furnish supply during the daytime. This machine takes the place of one of the older pattern dynamos, and is found to be a great improvement as it is more suitable for the service of fans.-I remain, gentlemen, your obedient servant,
W. 11. WICKHAM,
Manager.
Hongkong, 14th June, 1901.
CORRESPONDENCE.
We do not hold ourselves responsible for the opinions expressed by our correspondents.]
A DANGEROUS ROAD.
TO THE EDITOR OF THE "DAILY PRESS.
J. ROSS.
[Wo have received another complaint with regard to furious riding on Bowen Road. The complainant also refers to the bicyclists using the road, and adds: "Until lately, a notice- board stated that no horses or wheeled vehicles were allowed on this road. This board has been removed a few days ago, why, I don't know." The writer makes an appeal on behalf of the many little children who play on Bowen Road in the evening.]
Bowen Road Filter Beds,
29th June.
SIR. Before closing the correspondence re this matter, will you in fairness allow me to reply to the further letter of "Paterfamilias and also to the one signed ing in your to-day's issue?
Witness
appear-
TO THE EDITOR OF THE DAILY PRESS.
1st July.
SIR. As I appear to have accomplished my purposo and drawn public attention to the above subject, nothing remains for me to do except to tbank Mr. Ross for affording me the informa- tion I required about the traffic regulations on the road in question.-Yours, etc.,
With regard to the former's assurance that no personality was intended, I most readily except his explanation and regrets. I notice, 81.819.68 however, that he now shifts his ground from a 48,150.97 charge of furious riding to one of enquiry re
9,029.27
garding the regulation of traffic. Well, this is 1,310.50
all I require from him, and had he asked that question before, he by this time might have got a satisfactory answer and have saved you much 503.00 | valuable space and himself no little anxiety of mind perhaps. His previous letter, however, 640,00 was likely in some measure-to make me a Hongkong and Shanghai Bank, cash with 60,061,86 | “bogey" in the eyes of all mothers and chil- Cash, with agenta
8,646.30
$513,421.34
Cost of furniture, since added
Insurance, valuc of unexpired portions of
policies Sundry debtors
WORKING ACCOUNT.
Dr.
To installation material
To salaries and wages
To coals...
To stores
To office expenses
To rent and tares To charges......
15,911.15
PATERFAMILIAS.
MESSAGES FOR FORMOSA.
TO THE EDITOR OF THE "DAILY FRESS.'
Formosa, 23rd June. SIR.-Could you kindly spare me a space in your valuable columns to draw the public's attention to a thing which has a great deal to do with their interests Letters and telegrams intended for foreign firms in North Formosa are, for the most part, directed to Tamaui, thus causing great confusion to the postal authorities, ending after all in the disadvantage of the correspon. dents concerned by giving rise to error and delay in delivery. The port of Tamsui, in spite of its being so widely known, is a com- paratively insignificant place, and almost all foreign firms in North Formosa are in Taipeh. the capital of the island, the foreign settlement being located in the sub-division of Twatutia, ten miles up the river from Tamsui.
Japanese Formosa is quite different from Chinese Formosa, and the use of the name of Tamsui in an indefinite and half-a-century-old signification is earnestly to be deprecated, especially in connection with telegrams, when delay means loss.—Yours, etc.,
A POSTAL CLERK.
BAD ROADMAKING.
TO THE EDITOR OF THE DAILY PRE88.'
L
Horgkong, 30th June. SIR,-It was with great interest I read a letter from A Friend of the Taxpayer," published in your columns, re the repairing of Queen's Road East. I am glad to see it bad a little effect, though” not much. There is no gravel left lying in the road shoes or feet on for a man to cut his
But how if compelled to pass over it. wretchedly is the road being repaired. Nearly all that is finished is worse than it was in its old state, full of holes, the sand, washed off here and there, laying the gravel bare. And on both sides of the road near the gutters there has been no sand put over the gravel, nor has it been crushed down. If the steam roller can. not pass so close to the side of the street, a hand-roller would answer the purpose. As it And now with regard to your correspondent is, the first heavy rain will wash it all away, and Witness." I can only think that he is the last state of the road will be worse than humbugging when he states that he ran_ the first.—Yours, etc., over to the side of the_road," presumably in
dren, and a regular up-to-date Mazeppa in the
of the public at large. eyes
For the information of “Paterfamilias" the regulations regarding traffic on the roads of the colony can, I think, be seen at any police 32.454.49 station, should it be deemed necessary at any 32,328.44 time for him to have to go there. 30,033 42 10,318.45 4,000.00
C
3,019.75
2,078.64
A
"
•
VERITAS,