March 10, 1902.
WANCHAI WAREHOUSE AND STORAGE CO., LD.
(IN LIQUIDATION.)
The following is the report for presentation to the shareholders at the extraordinary general meeting, to be held at the offices of the Com- pany, at 3 o'clock on Monday, the 10th March:
The liquidator begs to submit to the share- holders a statement of accounts of Messrs. Meyer & Co., the former general managers, up to the 5th December, 1901, when the balance
was handed over to the Liquidator. Following upon this statement the liquidator begs to sub mit his closing account, which, after an interim and a final payment to shareholders of together $52.02 per share, leaves a small credit balance of $34.26 to be disposed of.
A proposal will be submitted to the meeting to deal with the books, accounts, and papers of the Company.
The accounts have been audited by Mr. F. Henderson.
J. G. SCHROTIR,
Liquidator.
Hongkong, 4th March, 1902.
The accounts are as follows:-
LIABILITIES AND ASSETS. 6th December, 1901.
To capital account, 2,600 shares at $100,
of which $37.50 paid up...
To dividend account
***
To reserve fund
To balance of profit and loss account
To balance of property account
By Hongkong and Shanghai Banking Cor-
poration.
C.
97,500.00 247 50 2,500,00 753.15 37,000.00
$138,000,65
CHINA OVERLAND TRADE REPORT.
SUPREME COURT.
Monday, 3rd March,
IN ADMIRALTY JURISDICTION.
183
a voyage from Amoy to Hongkong in bal- last, having discharged a cargo of coals -nt Amoy. On the evening of the 20th November she having passed through the Lyeemna Pass was proceeding towards the Harbour. The wind was from .N.E. to N.E., a light breeze, the weather being fine and clear. The
F
BEFORE HIS HONOUR A. G. WISE (ACTING | proper regulation lights were daly exhibited
the
CHIEF JUSTICE).
Skramstad 8.8.
Was
su, k
8.S. TAI CHEONG v. 8.8. SKRAMSTAD. This suit arises out of the triple collision which took place on 20th November, whereby aud the Tai Cheong and the Perla damaged Mr. M. W. Slade, barrister-at-law, appeared for the plaintiffs (inst.ucted by Messrs. Dennys & Bowley, solicitors), Mr. T. Morgan Phillips, barrister-at law, appeared for the defendants (instructed by Messrs. Johnsor. Stokes and Master, solicitors), and Mr. 'E. H. Sharp, bar. rister-at-law (instructed by Messrs Deacon and Hastings, solicitors) watched the case on behalf of the owners of the Perla.
Nautical assessors-Commander Fanckner, R.N., of H.M.S. Glory, and Captain Pybus. R.N.R., of the Empress of Japan.
Mr. Slade in opening the case submitted the claim, which was to the effect that on 20th November the screw steamship the Tai Cheong of 828 tons register and 2,160 h.p., of which the plaintiffs, the Asiatische Kustenfahrt Gesels. chaft met Beschrankler Haftung were owners, was on a voyage from Hongkong to Swatow laden with about 7) tons of general merchandise and ballast. The Tai Cheong left her berth in Victoria Harbour about 5.15 p.m. and when she was opposite Hanghom Bay the masthend and red lights of a ste im vessel, which afterwards turned out to be the Skramstad, were sighted about 1 miles off, bearing about three points on the starboard bow of the Tai Cheong. At such time, the wind was about N.E, very light, the weather was fine and clear, the 21.00 had just set and there was a bright moon. 741.67 The Tai Cheong was proceeding at the
$138,000,65
PROFIT AND LOSS ACCOUNT. 6th December, 1901.
By balance of 1900
By rent for premises lat half-year 1901
By rent for premises July-August, 1901 By transfer fees of 1901.
By interest account
C.
S 479.35 4,150.00 1,383.33
775 35
$
C.
600.00 1022.20
To commission to General Managers for 1901 500.00 To fees to consulting committee To charges account. To profit
The following is the liquidator's account:- 6th December, 1971, to balance of account with Hongkong and Shanghai Banking Corporation... $138,000.F5 31st December, 191, to interest 28th February, 1992, to interest
24 60 19.46
$138044.71
...$130,000.00
By interim payment at the rate of
$50 per share on 2,600 shares By final payment at the rate of $2.05
per share on 2,600 shares By payment to A G. Morris, Esq.,
consulting committee
By payment to J. G. Schroter, Esq,
liquidator's fee
sun
on.
and burning brightly, On clearing Lyeemun Pass she
ábout mid-channel proceeded heading for a bright white light showing
the Kowloon
B side, being light at the Admiralty Dry Dock at Kowloon, her speed being about 7 knots an hour by her engines and a good look-ont being kept. In these circumstances the masthead and green side-lights of an approaching steam- ship were observed, apparently about 13 to 2 miles distant off the Skramstad and then bear- ing about half a point to the Skramstad's port bow. Shortly afterwards the green light of the steamship which subsequently turned out to be the Tai Cheong disappoared from the view of those on board the Skramstad and the rod light appeared instead, showing on board the Skramstad that the those Tai Cheong was altering her course to starboard. The helm of the Skramstad was therefore slightly ported to give more room tɔ the Tai Cheong and another steamer following her which ultimately turned out to be the Perls. The Skramstad and the Tai Cheong continued to approach each other, red light to red light, whou suddenly the Tai Cheong put her helm bard astarboard, shutting out her red light and exposing her green light. the Stramstad was immediately put hard aport, one short blast was at the same time blown on ber whistle, and simultaneously her engines were reversed to full speed astern and remained so, but nevertheless the Tai Cheong came into collision with the Skramstad, the stem of the Tai Cheong striking the port bow of the Stramstad just about the break of the fore- castle with great violence and doing her con- The Skramstad engines siderable damage.
and speed astern, condition
she was south side of the
were
full kept at being in a sinking backed towards
the
The helm of
channel in order to beach her and she ultimately sank a short distance from the shore. At the time of the collision the kram tad was about half a mile to the north of Braemar Point and a little to the northward of mid-channel
Save as
rate of about 7 knots an hour and was steer- ing about N.E. by E., her propor regulation lights, that is, her masthead, side and stern To interim dividend paid 1st half-year of 1901 3900.00 lights were duly exhibited and burning brightly and a good look-out was being kept On the red and masthead lights of the Skramstad being 753.15 sighted, the helm of the Tai Cheong was ported, but the Skramstad opened her green light to $6,775.35
and was not in a narrow channel. the Tai Cheong, The Tai Cheong was kept under port helm and one short blast thereinbefore appeared, the several statements was blown on her whistle, and shortly after-contained in the petition were denied. A good wards a second single short blast was blown, look-out was not kept on the Tai Cheong. The As the Skramstad failed to answer either Tai Cheong was under the circumstances of these signals and continued to show her proceeding at an maintaining a high rate green light, the engines of the Tai Cheong of speed. The helm of the Tai Cheong was The Tai Cheong were put full speed astern and the helm hard improperly starboarded. aport and three blasts were blown on her did not get out of the way of the Skram-lad. whistle. The Skramstad continued to come on The Tai Cheong neglected tɔ slacken her speed and the two vessels came int collision. or stop and reverse her engines, or to do so in Just before the collision the Skramstad due time. The collision and the damiges con- op ned her red light, but too late to clear the sequent thereon ware wholly caused by the 5330.0) Tai Cheong, and the port how of the Skramstad negligent and improper navigation of the Tai struck the stem and port bow of the Tai Cheong in respect of the matters above man- 300.00 Cheong with great force, seriously damag- tioned or some of them or otherwise by the ing the Tai Cheong. At the time of the fault or default of those on board the Tai 2,000.00 collision the Tai Cheong was on the extreme Cheong, and were not caused or contributed to south side of the channel between the Harbour by the Skramstad or those on board of her, and limits of the port of Victoria and the Lyeemuu no blame in respect of the collision was attribut- able to the Skramstad or any of those on board. Pass. Those on board the Skramstad, it was 16.55 alleged, failed to keep a proper look-out, the By way of counterclaim the defendents repea 53.90 Skramstad was not kept on her course, those the allegations contained in the answer and on board the Skramstad neglected to duly port state that the collision caused great damage to the Skramstad and they claim the condemna- the helm, the helm of the Skramstad was $138,044.71 improperly starboarded, the Skramstad being tion of the plaintiffs and their claim, and pay. in a narrow channel was not kept to that side ment of the damage caused to the Skramatid and to the effects of those on board her by The following were the tenders for the con- of the fairway or mid-channel which lay on
reason of the collision and the costs of actions strmation of twenty gunboats for the Manila | the starboard side of the Skramstad, and Government, the contract for which was secured the collision was caused by the improper Nos. 13, 15 and 16, the damage to be assessed by Messrs. Farnbam. Boyd & Co., Ld., Shanghai, and negligent navigation of the Skramstad. by merchants. Mr. Slade in commenting upon who undertook to deliver all the vessels within The plantiffs claim a declaration that they the pleadings said that up to a certain point nineteen months: Farnham, Boyd & Co., Ld., are entitled to the damage proceeded for the two ships were in agreement as to their $52,337; Uraga Dock Co., $56,250; Bilew Co., and the condemnation of the Skramstad and relative positions. The Tai Cheong and Perla $63,000; Chinese, $61,160; Fienmick, $71,440; the defendants in action No. 13 and judg. were on their way out through Lyeeman Pass. The Perla of course was not in that action Mitsa Bishi Dockyard Co., $74.5:00: Hongkong ment for costs against the defendants in action Dock Co., $85,000; Ishikawajima Dock Co., No. 13 and against the plaintiffs in actions Nos. but her movements hal to be to a certain extent accounted for, for they were governed by those $85,361. Manila Co., $87,000; Kawasaki | 15 and 16; also to have an account taken of Dockyard Co, $90,000. The vessels are to such damage with the assistance of merchants; of the Tai Cheong. The Tai Cheong having measure 140 feet in length, 25 feet beam, draft and such other and farther relief as the nature left, her moorings proceeded slowly until she average 9 feet, and to steam ten knots and are of the o se may require. In their answer and she had passed Kowloon Point; and the Perla to have iron frames and wooden hulls made of counter-claim the owners of the Skramstad having left her moorings shortly after the Tai teik, and to be constructed to carry three guns stated that at the time of collision that Cheong and having a shorter distance to come, passed across her bows and then continued and one searoblight.
vessel, which is of 759 tons register, was on
By payment to Messrs. Deacon and Hastings for legal advices and at- tendances
By advertising
By printing, postages and pelties By balance
158.
34,26
¦