October 21, 1901.]
splendid working of the Company, and said he was assured that the policy of strictly writing down the assets adopted by the management, would be for the ultimate good of the Company, and trusted the same line of conduct would be continued. The proposal was carried, nem, con, The CHAIRMAN, in referring to the necessity of filling a vacancy in the consulting commit- tee, alluded with regret to the resignation tendered by Mr Gillies, who intends to retire from business entirely.
Mr. J. HASTINGS proposed that the tempor- ary appointment of Mr. H. P. White in place of Mr. Lewis be gonfirmed, and that Mr. D. E. Brown be elected a member of the consulting committee in place of Mr. D. Gillies, resigned. The Hon. J. THURBURN seconded, and the proposal was carried unanimously.
Capt. G. C. ANDERSON proposed and Mr. E. GEORG seconded, the selection of Messrs. Fullarton Henderson and W. H. Potts as auditors. This proposal was also carried, nem.
con.
The CHAIRMAN-This concludes the business of the meeting, gentlemen. Dividend warrants will be sent out.
NORTH CHINA INSURANCE
CO., LIMITED.
The following si the report for presentation to the tenth ordinary general meeting of shareholders, to be held at the offices of the Company, No. 10, The Bund, Shanghai, on Tuesday, the 22nd October :-
The directors beg to submit, for the informa- tion of shareholders, the annexed duly audited statement of the Company's accounts to the 30th June, 1901.
1900. An interim dividend of 5 per cent., amounting to Tls. 15,454.55, was declared on the 1st May last, and after deducting this from the balance of the working account, there remains a sum of Taels 256,191.94 which the directors recommend should be appropriated in the following manner :—
A final dividend of 5 per cent. on paid-up capital.
A bonus of 10 per cent. upon contributory premiums.
Taels 100,000 to be placed to the credit of the reserve fund, raising the reserve to Taels 360,000.
And the balance to be retained to meet further liabilities,
1901-The balance of working account to the 30th June amounts to Tls. 216,802.60.
DIRECTORS,
Mr. W. D. Little, having returned from home, has, upon the invitation of the directors, rejoined the Board.
All the directors retire in accordance with the regulations of the Company, but, being eligible, offer themselves for re-election.
AUDITORS.
The accounts have been audited by Messrs. White and Wrightson, and, their term of office having expired, they again tender their services to the shareholders.
By order of the Court of Directors,
WM. GEO. BAYNE, Secretary. Shanghai, 8th October 1991.
The following are the accounts :——
.Dr.
!
CHINA OVERLAND TRADE REPORT.
Cr.
By cash on current and deposit accounts in Shanghai
By Chinese Imperial Gov-
ernment loan of 1886 ¡E. issue)
By Shai Municipal loans Byanghai Land Invest- ment Co.'s 6 per cent. debentures
By Shanghai Waterworks Co's 6 per cent, deben- tures
By Shanghai Waterworks Co.'s 5 per cent. deben. tures
By Shanghai and Hongkew Wharf Co.'s 6 per cent. debentures..
By Shanghai Mutual Tele-
phone Co.. 1imited By mortgages on property
in Shanghai
By London freehold pre
mises
By losses and claims
By balance carried forward
331
253.28 9,866.94
273,121,13
£ 8. d.
Cr.
Taels.
By agency commissions
13,509.80
By charges at head office, branches and
113,879.67
15,361 17 10
agencies
120,683.88
By directors and auditors' fees
4,900.00
By income tax
3,789.17
18,750,00 64.000,00
2,520 11 8.633 6 8
By depreciation furniture account
By exchange account
301,646.49
65,320,00
8.811 711
Taels 736,770.77
20.280.00
2,735 13 9
WORKING ACCOUNT, 1901.
Dr.
Tuels.
To net premia
337,184.66
9.600 00
1.295 0 0
To interest.
To transfer and certificate fees
36.00
To exchange account .
21,804.82
5.200.00
200.00
113,000.00
701 9 2
26 19 7
Taels 389,849.42
15,243 4 7
Taels. 5,434.64
283,976.00
38,307 3 7
66,018.09
By directors' and auditors' fees
2,450.00
By income tax
915.83
By London branch -balance, eiz. : --
Cash at bank.
CTN
British Gor-
ernment se-
£
2. d. 5,195 169
curities 16,837 10 India Govern.
ment sect- rities
Colonial Gor-
ernment bonds Chinese Gov-
ernment 5 per cent.
18,991 6 11
31,987 1 10
loan of 1896 11.20411 7 Chinese Im.
perial rail-
way 5 per cent. loan of 1899...... Japanese Gov-
ernment per
cent.
4.790 # 0
loan of 1890 8.715 2 0 English rail-
way securi- ties Indian
rail- way securi ties Canadian Pa-
5,145 7 7
17,5933 14 0
cific rail- way 3 per cent. 1st mort-
guge deben
tures Furniture ac
counts - Lon- don & Man- chester
Premia out- standing, bills receiv. able. policy stamps and drufts,
course
in
of
5,688 15 0
325 0 0
!
collection.. 8.571 0 3
£135.168 8 11 Less-Due to
sundries 5.067 3 1
By Hongkong brauch
Balance
By Yokohama brauch
Balance
By Singapore brauch
Balance
By furniture at head office, Hongkong, Yokoham and Singapore branches
By sundry
debtors
BALANCE-SHEET. 30th June, 1901.
£
s. d.
at bead office
To capital account:---
5,000 shares at £25- Taele. £125,000.0.0 at 2/8).
To reserve fund
To working account, 1900:- -
Amount brought
forward from Taels.
below
Deduct
Interim share
dividend
301,646.49
45,454.55
To working account, 1901: Amount brought forward
from below... To liability account for 1899 and previous years To dividends uncollected
926.640,93 125,000 0 0 260.000,00 35,072 18 1
256,191.94 34,559 4 6
Premis, etc. outstanding
and agencies 36,627.52 Less-Due to
sundries
4.767.99
19.631.30 2.648 3 8
Cr.
By agency commissions
By charges at head office, branches and
agencies
Ey losses and claims
By balance carried forward-
30,823.94
98,228.26
216,802.60
Taels 389,849.42
SUPREME COURT.
Friday, 18th October.
IN CRIMINAL JURISDICTION.
BEFORE HIS HONOUR A. G. WISE
(ACTING CHIEF JUSTICE),
ALTERING A STAMP.
Wan Kai Mi, a clerk in the employ of Messrs Lamke and Rogge, shipbrokers, was charged with (1) altering, on 18th September, one im- pressed stamp on a charter party from $2 to $8, and (2) with, on 19th September, uttering a forged and altered stamp on a charter party, well knowing the same to be forged.
The following jury was empanelled :-S. F. de Jesus, J. Helms, A. Brockelmann, J. Baggar- idge. J. A. de Carvalho, J. M. P. Tavares, and A. McG. Beattie.
The prisoner pleaded guilty to both counts of the indictment, and after the Hon. H. E Pollock, K.C., Acting Attorney-General, had summarised the case for the benefit of the jury, his Lordship passed sentence of two years' imprisonment.
UTTERING A FORGED BANK-NOTE.
Lau Chun was charged (1) with altering a forged bank-note of the Hongkong and Shang- hai Bank with intent to defraud, and (2) with being in possession of a forged bank-note.
The prisoner pleaded not guilty to both
The jury was retained.
counts.
The Acting Attorney-General stated the case for the prosecution, after which evidence was led. The jury consulted together for a few minutes in the box, and the foreman announced that by a majority of four to three they found the prisoner guilty as charged.
His Lordship, however, would not accept the 964-157.15 130,101 310 verdict, as the majority was too narrow. On his suggestion the jury left the Court to consider their verdict, and on returning at the end of five minutes the foreman said that by five to two they had found the prisoner guilty.
21,098.56 2,846 2 2 14,234.36 1,920 32
2,518,21
3-13 14 10
31,859 53 1,297 11 4
Taels 1,748,035.08 £235,802 13 0
WORKING ACCOUNT, 1500.
Dr.
To net premia
To interest
216,802,60 29,245 15 4
84,569.15 11,408 0 7 To transfer and certificate fees
3,830.46 516 14 3 1
Taels 1,748,035.08 £235,802 13 0
Sentence of three years' hard labour was passed,
secrete.
I
STEALING LETTERS FROM THE POST OFFICE. Mai Kwai Leung was charged that he, on 12th September, being then a person employed by the Post Office, certain correspondence. to wit, four letters, the property of the Post- master General, feloniously did steal, take and carry away, and also that he, on 12th September, certain correspondence, to wit, four letters, did
The prisoner pleaded not guilty, The jury was the same as in the previous case.
The Acting Attorney-General, addressing the jury, said the evidence for the prosecution would show that the defendant bad been em- ployed for some time in the Post Office: 680,314.26 Formerly he had been on outside duty, carry- 56.390.51 ing letters, but latterly had been kept inside 66.00 and performed various kinds of duties, amongst others that of stamping letters-putting the cancelling stamp on them. On 12th September Mr. Gutierrez, an officer in charge at the Post
Taels.
Taela 736,770.77