Angust 17, 1901.]
Orangeman, objecting to these unions on re- ligious grounds ?—Yours, etc.,
↓
PREPARED TO PROVE ALL
I HAVE SAID.
[We have received another letter to the same effect.-ED. DP.]
A PERTINENT QUERY.
TO THE EDITOR (F THE “DAILY PRESS,"
$
12th August.
SIE,-Permit me space in your valuable paper to enquire why the shade-giving trees on the side of Queen's Road immediately facing the Cricket Ground are being mutilated and cut down. At present three of them have been attacked. These trees do not interfere with the traffic or with the health of the town, and their presence certainly helps to give an air of picturesqueness to an otherwise anything but pleasant road, with its dust and sun-glare.
Why then should those trees be done away with ? Surely we in this colony, what with faulty drainage, plague, police discontent, prickly heat, and ill-smelling alley-ways, cannot afford to root out the few beauty spots we possess. Whoever is responsible for this mutilation of the appearance of Queen's Road ought, in Yankee parlance, be ridden on a rail and chased from the colony.--- Yours, etc.,
AN ENQUIRER.
THE BUILDING COLLAPSE.
TO THE EDITOR OF THE DAILY PRE88.
CHINA OVERLAND TRADE REPORT.
$820,000 to contributing shareholders, that 114,159.37 be written from the value of the Kowloon Docks, $67,211.34 from the Cosmo. politan Dock, and $4,000 from steam lantiches, the balance $459,695.15 to be carried to the new account
The large turnover at our establishments during the past half-year, being the highest on record, should be very gratifying to the share. holders, as it proves that the increasing facilities at the docks enable the work to be completed more expeditiously. When all the contemplated improvements are finished we will be able to execute a still larger volume of work.
The new machine shops at Kowloon Docks are being pushed forward as rapidly as possibl», but their completion will be delayed to some extent owing to the scarcity of Chinese skilled labour. A portion of the proposed electrical installation for Kowloon Docks has already been ordered, and it is hoped that the whole plant will be erected in working order by about this time next year. We shall then have most complete engineering shops and plant.
The new forge at Kowloon Docks is partly completed and is being worked with good results. When the 10-ton hammer is erected in place and the other furnaces working we shall be in a position to undertake any heavy work that may be offered us.
The demand for dock accommodation has continued as great if not greater than that of any previous six months and the want of further facilities for our business is more and more felt. Your directors are however glad to be able to report that substantial progress has been made in their negotiations with the Government for an extension of our present property, and there seems now a reasonable chance of these negotia. tious being brought to a satisfactory conclusion before long. As soon as this matter is definitely settled preparations for the building of a new dock will be pushed on with all possible speed.
To amount paid on account of No. 2 Dock; cost of one; new Worthington steam pump and fitting
same
To amount paid on account
of new hydraulio installa- tion
To cost of new machines for
boiler shop To cost of new machines for
engine shop
To cost of new machines for
coppersmiths' shop
To cost of new mackins for
blacksmiths' shop To cost of new machines for
saw mill
To cost of now 10-ton double-
acting steam hammer for new forge
To cost of new air-compres sor, complete, for yard
COSMOPOLITAN.
4,218.00
4,578.00
6,415.00
27,324.00
206.00
206.00
151
1,177.00
17,575.00
9,370.00
—— 1,814,150.37
To value of Cosmopolitan
Dock, as per last statement 340,700.00 Less amount since written
of...
To amount paid on account
of saw-mill extension To amount paid on account of 4 new honses for Euro- pean foremen
To amount paid on account
of alterations and exten- sions to pump-house fit- ting one additional boiler, and 3 additional pumps To amount paid on account of laying railway track throughout the yard
To amount paid on account
of electric-light installa- tion throughout yard and workshops
17,760.00 8:323,000.00
3,000.00
4,775.00
10,312.99
5,358,51
20,764.84
367,211.34
TUO, LAUNCHES AND LIGHTERS.
To value of Fame, as per last account To value of steam launches,
team lighter, lighters and boats, as per last account Less amount since written
off
15th August. S18, Might I suggest to " Borntator" for the subject of another pamphlet a resumé of the Building Ordinances of Hongkong; also a record of the collapses of buildings that have occurred within the last ten years, with the
Your directors have to report that your butcher's bill, not excluding the fifty killed or
chief manager, Mr. Gillies, who for the past wounded in last night's demonstration of the 26 years has managed the business of the com. stability of Hongkong houses, with a photo.pany with such distinguished sucess, and been graph illustration of the remaining portion of greatly instrumental in rising it to the fine Cochrane Street? An analysis of the D. P. W. position it is now in, has definitely tendered his list with salaries and work allotted to each resignation, which, in view of his desire to retire To sundry debtors individual_might help those at a distance to
from the management and from the actire understand the working of a Crown Colony, business life he has hitherto led, your directors and, as we were reminded the other day, the have felt bound to accept. At the approaching colony that was the first acquisition made under general meeting your directors will propose that Mr. Gillies' 1 ng and valuable services to the reign of Her late Majesty.
the Dock Company be acknowledged in a suitable form. To take Mr. Gillies's place a gentleman who comes to us with the highest testimonials and recommendations, and who has been in charge of one or more of the largest dockyards at homo, has been engaged, and is expected
The buildings of Cochrane Street and other places in this colony are a sorry monument to her memory, and something worse to the wis- dom of her representatives here.-Yours, etc.,
HONGKONG AND WHAMPOA
DOCK CO.,
LD.
A
to arrive here next month.
Hongkong, 8th August, 1901.
R. SHEWAN, Chairman.
To cost of material on hand
as per stock lists Lesa amount written off in accordance with re- solution of shareholders' meeting 25th February, 1001
30th June, 1901.
48.840.00
4,640.00
1,893,841.98
13,000.00
44,000,00 270,060.30.
97,620,07
1,796,221.91
$4.407,572.92
LIABILITIES.
By shareholders for 50,000 shares of 850
each fully paid-up By Admiralty loan Less repaymenta
£2.000 0 0 11,398 14 4
£8,601 5 8 at 1,11 8-16thn
The following are the accounts from January By sundry creditors to June, 1901:-
CAPITAL ACCOUNT.
to
30th June, 1901.
ASSETS.
ABE DEEN,
The following is the report of the board of directors of the above Company to the ordinary half-yearly meeting of shareholders to be held at the offices of the Company on the 19th inst:- Gentlemen.-The directors have now submit to you their report, with a statement of accounts for the half-year ended 30th June last. The net profit for the six months, after paying interest due and all charges, amounts to
+
.89.6,558,66
..$256,757,20
To which has to be added the balance brought forward from last account Less bonus to shareholders paid in accordance with resolution passed in extraordinary general meeting, 21st January, 1901
And from this have to be deducted—
Directors' fees Auditors' fees
To value of Aberdeen Docks, as per last
statement
KOWLOON. To value of Kowloon Docks,
as per last statement 1.ess amount since written
off
To amount paid in connec
tion with purchase of Hunghom inland loter Nos. 13, 14, 61 05 and 67 71 To amount paid on account of removal of hill on the new extension, Kowloon marine lot No. 27 ..
& C.
100,000.00
$ C. 1,682,862.06
82,862.06
1,600,000.00
2,500,000.00
89,028.76
602,730.30
0.
By balance of profit brought
forward from last account 256.757.20 Less bonus to shareholders paid in accordance with resolution passed in extraordinary
general
meeting 21st Jan., 1901
37,500.00
By profit
219,257.20 906,558.66
?
1,125,815.86
$1,407,572.02
REVENUE ACCOUNT.
$.0. 20,002.03
30th June, 1901.
24,300.00
To interest
37,500.00
219,257.20
$1,125,815.86
To Crown rent
P11
3 020.05
To fire insurance ....
3,137,98
4,093.87
To office expenses, salaries, stationery and
rent of bead ofice
48,170.71
To amount paid on account of cutting away hill at head of No. 1 Dock.
500.00
...$10,000.00 | To amount paid on account
To drawing office expenses and salaries To telegrams................ anzania...UN ARE 190 200 249 YA To legal expenses. To proát.....
11,625.57 2,083.80
CON ALL YOU LOS LAD AND CARRAROTO 499 14084
941,80 906,558.66
750.00
of making new road
208.00
To amount paid on secount
8000,231 50-
10,750.00
of 16 now houses for European foremen
44,245.50
Leaving available for appropriation $1,115,065.86
The directors recommend that a dividend for the half-year of 10 per cent. or $250,000, and a bonus of 8 per cent, or $200,000, in all $450,000, be paid to the shareholders, and a bonus of
To amount paid on account
of sea-wall extension
To amount paid on account
of new iron store To amount paid on account
of new fitting shop To amount paid on account
of new forge
9,590.00
47,021,00
1st January to 30th June, 1900. By net earnings of the Company's three
́establishments
FDA JAN JAN 184 208 600 SULAUT FOR CAR CERTI
*** 194890484 140
By towage, not earnings By scrip fees. AAN 112 20 990 SURARE LA ESTE CREAT By bouns on premis, k¤, wear carījumam
.984,348,41
5,198.55
131.00 555.54
11,078.00
1,774,00
2000,231.50