October 7, 1901.]
Fred. Arch. Brown (in Europe, no Power of Attorney left).....
150 Shares.
W. von Uffel, (in Europe, uo Power
of Attorney left)
600
"
G. T. Siemssen, Foochow
100
R. M. Mehta, deceased, trustee to
arrive in a few days
850
W. Reynell, Shanghai
100
M. M. Tackeo
Wong Tat Chuen
50 100
CHINA OVERLAND TRADE REPORT.
AUDITORS,
The accounts have been audited by Messrs. Fullarton Henderson and W. H. Potts, whose re-election is recommended,
JARDINE, MATHESON & Co., General Agents, Canton Insurance Office, Limited. Hongkong, 28th September, 190),
The following are the ace unts: -
STATEMENT OF ACCOUNT. For the year ending 31st December. 1900. LIABILITIES.
:.. 350
300
50
300
Capital subscribed ..
500
Reserve fund.
300
+3
Outstanding dividends
100
Outstanding bonus
17
Amount paid-up
$2,500,000,00
Moh Tong
Sa Tai Ting.
Yut Loong ban
Wong Kam Fuk
Lam Kam Ting
Wong Sang
Tong King
BALANCE.
The balance is not final, as there will be postage, duty stamps, and registration fees to bé paid the exact amount cannot be stated to-day..
Dr
M. BENNECKE,
Liquidator
LIQUIDATION ACCOUNT.
To cash account -
Balance handed over by General
Agents
Palance from sale of nine: £085 16s, 8d. at 1.11 7-16th
To furniture necount --
Office furniture sold
$ 1,388.17
10,094.93.
C.
Accounts payable
Balance of wor. ing account. 1900
ASSETS.
Cash. on current account with Hongkong
and Shanghai Banking Corporation Fixed deposits.
Hongkong and Shanghai Banking Cor-
poration
→H.B110,
159.00
$14.610.10
Mercantile Bank of India, Limiterl
Bank of China and Japan. Limiterl Mortgages
Hongkong and Kowloon Wharf and tio.
down Co., Limited, debentures Shanghai and Hong-ew Wharf and tio-
down Co., Limited, debentures Chinese Imperial Government loan. 1886 United States bondstå per vent. loan, 1.926 Interest acernel lathot yet payahje
?
$ C.
500,000,00 1.150,000.00 5,247.00 826.85
The following are the accounts
BALANCE-SHEET,
Capital paid up..
Reserve fund..
LIABILITIES.
Reserve for doubtful debts
Reserve for new building Deposits (current, fixed, etc.) Bills payable, bills rediscounted, ne- ceptances, and other sums ne by the bank...
Dividends unclaimed
Amount brought forward from last ac-
count
Net profit for the past half-year
Cash account
205
Yen.
18,000,000.000
8,310,000,000
328.190.500
214,890 540 45,035,082.815
76,711,597.204 4,482.380
x 404,338.610 1,492,742.715
Yen 150,502.764
Yen.
ASSETS.
Yen. 6.143,929.710 1,758,559.560
10,907,489.270 24,286,474.410
90,000,00 264. 48,57
In hand
At bankers
$2,010,522, 1
C.
117,739.02
the bunk
100,000.00
Chartered Bank of India. Australia
and Chinn...
Investments in public securities
Bills discounted, loans, advances. &c. 35,076,045.920 Bills receivable and other sums due to
Bullion and foreign money
79,504,428.134 88.570.000 Bank premises, properties, furniture, &c. 639,316.940 Yen 150,502,324.764
25,000.00
50.000.00
PROFIT AND LOSS ACCOUNT.
25.000,00
1 013,720.19 | To enrrent expenses, interests, &c
Tu reserve fund
Yen. -4.526.850.195 200,000.000
91,000,00
To dividend- -
68.86157
and
50.835.05
1,170,000,000
100,000,00
20,363,59
$2.010,529.12
WORKING ACCOUNT, 15:00. To amount brought forward from last
account
To net premia treeivel, less returns and
S
62.4053.70
HF
1.338.879.16 2.772.71
123.814.84
Cr.
By General Agents
Remuneration: April and May
at $250
By office rent ·
4 months at $50
By advertisements
Advertisement in 5 newspapers
By legal expenses--
I
('.
Petty expenses: March and
April.
S
(.
102.06
500.00
602.06
reinsurances
Tu exchange
20000
To interest
To tran-fer fee-
181 SU
78.00
1.200.00
By printed matter and stationery- -
For Auditing Co.'s account
Postage and duty stamps, registration
20.00
By Bees and cinims paid
By charges, including directors, ahli- tors and survey fees, agents" expenses.
100.00. By commission-
Bills: Dennys and Bowley
Ey M. Bennecke
Remuneration: 4 months at $300
Reports, stationery, etc.
By O'D. Gourdin
......
By petty expenses
By balance as above
fees, ete.
23.10
By dividend account
43.151 shares at 24 cents
19,356.21
By suspense account
2,150 shares at 24 cents, shares
S
Pr.
received but not paid yet
516.00
To premia. Jess reinsurances
3.750 shares at 24 cents, un-
To interest. received and arrum!”.
claimed....
D00.00
To evelange
By balance
1.116.00 +450.30
To transfer fees
$14.640.10
CANTON INSURANCE OFFICE,
LTD.
The following is the report for presentation to the shareholders at the twentieth ordinary general meeting, to be held at the offices of the general agents, on the 17th October, at noon :—
The General Agents and Consulting Com- mittee beg to submit to the shareholders the final accounts for the year 190, and an estimate of the present year's working to the
30th-ultimo.
1900 ACCOUNT.
!
$1.527,578.41
1,012.137,78
97.002.69 123.981. B 261418.57
$1.527,373.11
ESTIMATE OF WORKING ACCOUNT.
('r.
To the 30th September. 199901.
By losses paid and out-tan-ling
By charges puid and acerned By commissions paid anlagerned By balance
יו
1.000.865.00 12 000.00
96.00 58.00
$1.183,019.00
$ C. 513.123.0
73,000.P
87.000.50
Some
$1.155.00
YOKOHAMA SPECIE BANK, LD.
Yen 6,500 per share for 120.000 old
shares yen 780,000,000:
yen 3.250 per share for 12),000 new shares--yen 390,000,000 To balance carried forward to next ac-
connt
527,081.325
Yen 6.423,931.520
Ey balance brought forward 31st Dec.,
1900
By amount of gross profits for the half-
year ending 30th June, 1901
Yen. 104,338.610
6,019,592.910
Yen 6,423,931,520
SUPREME COURT.
Monday, 30th September.
IN SUMMARY JURISDICTION.
BEFORE HIS HONOUR T. SERCOMBE SMITH (ACTING PUISNE Judge).
J. ROSSELET AND CO. THE GODOWN CO.
The plaintiffs, J. Roszelet and Co., merchants, sued the Hongkong and Kowloon Wharf and Godown Company, Limited, for the sum of 8276 damages for the non-delivery by the de- fendants to the plaintiffs, in January, 1900, of twe`r cases of Bass and Co's Pale Ale, the property of the plaintiffs, at $23 per case. The hearing took place on the 26th ult. The judg- ment is as follows:-
In August, 1899, the Nippon Yusen Kaishas.s. Sado Mura arriyed in this Colony and discharged thirty cases of ale and stout into the Kowloon G: downs of the defendant Company. The ship- pers were Hannams, Ltd., who shipped under a bill of lading made out to order." Hannams, Ltd., endorsed the bill of lading in blank and sent it to the plaintiff's, who were consignees of the ale and stout in question. The plaintiff obtained The following is the forty-third report of the the countersignature of the agent of the Sado Yokohama, Specie Bank, Limited (Yokohama Maru to the bill of lading, which was endorsed Shokin Ginko), presen ed to the shareholders at by Rosselet & Co. and presented to the defend- the half-yearly ordinary general meeting, heldant Company and retained by the Company. at the head office, Yokohama, on the 10th September :---
The result of the year's working is a credit
The gross profts of the bank for the past balance of $264,448.57, out of which, and with the approval of the shareholders, it is proposed half-year, including yen 404,338.610 brought to pay a dividend of 26 per cent. (13 per forward from last acconuts, amount to yen share), to add $50,000 to the reserve fund rais-6,123,931.520, of which yen 4,526,859.195 have ing the reserve to $1,200,000, and to carry forward the balance of $84,448,57 to the current year's account. -
This account shows an estimated Imlance at į 8,510,000,000. From the remainder the direc credit of $509,591.
1901 ACCOUNT.
CONSULTING COMMITTEE.
|
Mr. J. H. Lewis having resigned, Mr. H. P. White was invited to and accepted the racaut seat. This appointment requires the confirma- tion of the shareholders. The Hon. C. P.l Chater, C.M.G, Messrs. D. Gillies, F. Mait land, D. M. Moses, and H. P. White retire; but offer themselves for re-election.
'
been deducted for current expenses, interests, &.. leaving a balance of yen 1,897,081.325.
The directors now propose that yen 201.000.000 be added to the reserve fund, raising it to yen
fors recommend a dividend at the rate of thirteen per cent. per annum, which will absorb yen 780,000.00 on old shares and yen 390,000.000 total of yeu on new shares, making 1,170,000,000,
#1
The balance, yen 527,081,325, will be carried forward to the credit of next account.
NAGATANE SOMA, Chairman. Head Office, Yokohamu, 10th Sept., 1901.
On the 20th
Up to 26th August, 1899, eighteen of the thirty cases had been removed by the cou- signees. On that date the consignees received from the defendants a short delivery noto for the balance of 12 cases. January, 1900, the plaintiffs sent to take delivery of this balance, but were informed that it had been sold by auction, The short delivery note was then put into a safe, where it slipped under a drawer and was not discovered till the beginning of April, 1901. This accident is the reason why an action was not brought earlier.
The present action is brought upon the short delivery note of the 26th August, 1899, to recover $276 damages, being the value of 12 cases at $23 a case, for non-delivery on demand made on 20th January, 1900. Á variety of defences, as unexpected as they were unsound, was advanced. First, it was set up that there was no contract contained in the short delivery