90
KOWLOON LAND AND BUILDING
COMPANY, LD.
The following is the fourteenth report of the board of directors to the ordinary meeting of shareholders, to be held at the Company's offices, Victoria Buildings, at noon, on Monday, the 2nd February :-
Gentlemen, The directors now submit to you a statement of the affairs of the Company and balance-sheet for the year ending 31st December, 1902.
The balance of profit and loss account for the year, after writing off all charges and expenses, amounted to $15 032.37. The directors, there- fore, recommend that a dividend of $2.30 per share be paid, which, after writing off the directors' and auditors' fees, will leave a balance of $1,032.37 to be carried forward to credit of a new profit and loss account.
- DIRECTORS.
Mr. F. Henderson having resigned, Mr. T, H. Reid has been appointed in his stead, and this now requires confirmation.
Messrs. J. Goosmann ard T. H, Reid retire by rotation, but offer themselves for re-election.
AUDITORS.
In the absence of Mr. W. D. Gaskell, the accounts have been audited by Mr. J. C. Peter in conjunction with Mr. Thos. Arnold, who now retire but offer themselves for re-election.
E. JONES HUGHES,
>Chairman.
Hongkong, 19th January, 1903.
The accounts are as follows :-
BALANCE-SHEET
To the 21st December, 1902.
Paid up capital
Accounts payable
LIABILITIES.
Dividends outstanding
Balance of profit and loss account
Cash
Cost of property
Accounts receivable
***
THE HONGKONG WEEKLY PRESS AND
AUDITORS.
The accounts have been audited by Messrs. T. Arnold and W. H. Potts, who are recom- mended for re-election.
SHEWAN, TOMES & Co., General Managers. Hongkong, 24th January, 1903.
Auditors fee.
The accounts are as follows :- 31st December, 1902. PROFIT AND LOSS ACCOUNT.
Consulting committee's fee Interest Depreciation for 1902 written off
Balance
Balance brought forward from 1901 Exchange
Balance of working account
Reserve fund
BALANCE-SHEET. LIABILITIES.
Capital-10,000 shares at $50, paid up Due to general managers Sundry creditors
Balance of profit and loss account.
ASSETS.
0.
400,00 4,000,00 699.66 16,623.74 123,091. 6
$144,814.26
$
C.
9,693.01 829.99 134,291..6
$141.814.26
C.
Land, factory, machinery, &c., $
as per last account.
250,000.00 Expended on additions and ex-
tensions to 3.st December, 19.2 24,623.74
274,623.74
16,623.74
Rope, hemp, &c., in factory, valued at Rope on consignment, valued at
Less depreciation
$ 180,0,10
C.
775.68
41.90
Fire insurance premia, account 1903. Sundry debtors.
15,032.37
$196,218.95
$ C.
Hongkong and hanghai Banking Corpora-
$1,424.74 50.00
tion
Cash in hand
ASSETS.
Cash at factory
12,153.19 182,0-12.1
2,033.59
$195,218.95
•
Investment of reserve fund
2,500 shares China Provident Loan and
Mortgage Co., Ld.
PROFIT AND LOSS ACCOUNT.
Dr.
To charges
To Crown rent
To fire insurance
To commission to agenta
To repairs
Directors' fees ..
Auditors' fees
***
***
141
To balance to be appropriated as follows :-
Dividend of $2.30 per share
To be carried to new profit
and loss account
By rents
Cr.
By balance brought forward
By interest... By scrip fees
--
с
876.05
Balance
786.00 525 38 1,175.68 2,449.25
$150.00
50.00 13,800.00
1/032.37
15,032.37
$20,344.73
$
C.
512.83 19,669.35
122.55 40.00
$20,334.73
HONGKONG ROPE MANUFACTUR- ING CO., LD.
The following is the report for presentation to the shareholders at the nineteenth ordinary general meeting to be held at the office of the General Managers, on Saturday, 7th February, at 11 am. —
Angered we have the pleasure to lay before shareholder the annual statement of accounts, made to the 31st December 1902,
up
RESERVE FUND.
J
[Jannary 31, 1803.. Monday, 26th January,
In Criminal JURISDICTION.
BEFORE HIS HONOUR SIR WILLIAM M. GOODMAN (CHIEF JUSTICE).
QUEEN'S ROAD ARSON CASH-SENTENCES. thai Chung and Li Tong, who had been- convicted of setting fire to a dwelling-house at 318, Queen's Road West, on 27th December,. were brought up for sentence. The prosequ~- tion had been "conducted by the Attorney--- General. Sir Henry 8. Berkeley (instructed by Mr. F. B. L. Bowley, Crown Solicitor), and the defending counsel was Mr. É. H. Sharp, K.C. (instructed by Mr. J. S. Harston, solicitor).
His Lordship asked the prisoners if they had anything to say why he should not pass sentence upon them.
Chui Chung said that he did not set fire to the house and he did not see why he should be sent to prison.
Li Tong also repeated that he'did not set fire to the house. The fire was caused by the cat 500,000.00 upsetting the lamp.
$ C.
25,410.00
123,091.86
$661,746.13
Balance brought forward from last year... Transferred from profit & loss account, 1901 Unclaimed dividends
↓
258,000.00 127,706.67
1,534.41 43,539.78
65,916.03
His Lordship in passing sentence said-Chui 3,215.08 Chung and Li Tong, you have both been found 10,029.19
guilty of having deliberately set fire to the dwelling-house No. 318, Queen's Road West on the 27th December, people at that time being in the house. The Wing Tai shop on c. the ground floor was insured for at least ted times the value of the stock on the premises at the time of the fire. The master has run away since your arrest. Evidently acting in concert with him you started a box- making business on the first floor and thus were enabled to accumulate a large quantity of in- flammable matter on that floor. Now before 130,072.04 you had carried on that business, or apparently
carried it on, for three weeks, you set fire 10- that accumulation of i.flammable material in the middle of the night while the fokis were at the theatre and you two were alone on away the first floor. I believe that you stayed long 1,474.74 enough to see that the fire had got a thoroughly good hold and that then you went downstairs to sneak away in the dead of the night. You. Li Tong, actually got away, aud got away until some five or six hours afterwards, when you were arrested at ten o'clock in the morning. You, Chui Chung, fortunately were arrested by a 25,410.00 policeman when you came downstairs without giring any alarm and went into the street. $ C. You were found to have your hands and one 20,000,00
This of your jackets smelling of kerosene. 5,000.00
caused careful enquiry into the whole matter, 410.00
and after a four-days' trial-two days each--- $25,410.00 and two very able defences by your counsel, the jury found you guilty of arson. The fact that the master of the Wing Tai had managed to remove his family from the top floor and also to get away his books out of the safe just before the fire makes it apparent that he was cognisant of what was going to happen. Your act was a very wicked act. It might have involved the loss of human life and the fire that you kindled might very easily have spread to other builings to a locality so closely built over as Queen's Read Wes. The sentence upon you and each of you is that you be sentenced to "im,risonment with hard labour for seven years.
The Court ruse.
24,502.50
$661,746.13
$ C.
SUPREME COURT.
Saturday, 24th January.
IN CRIMINAL JURISDICTION.
BEFORE HIS HONOUR SIR WILLIAM M. Goodman (CHILF JUSTICE).
THE QUEEN'S ROAD ARSON CASE- ANOTHER CONVICTION.
The trial was resumed of Li Fong on the charge of having set fire to the dwelling-houŁO 318, Queen's Road West on 27th December, there being people therein at the time.
To this charge the prisoner had on the pre- vious day pleaded not guilty.
The Attorney-General, Hon. Sir Henry S. Berkeley (instructed by Mr. F. B. L. Bowley, Crown Solicitor) was for the prosecution and Mr. F. H. Sharp, K.C., (instructed by Mr. J. | 8. Harston, solicitor) for the defence.
The jury was Messrs F. B. Bain, W. Weinberg, B. Eustace, E. J. Main, A. Shaw, 89,590.00 | P. Hardman and W. Farmer.
The net profit, including the balance brought forward from last year, amounts to $123,091.86 which it is proposed to appropriate as follows:----
To place to reservə fund To pay a dividend of 20 per cent. 100,000.c0 To carry forward to the credit of
next year's account...
CONSULTING COMMITTEE. Mr. J. H. Lewis was elected in place of Mr. H. P. White resigned. In accordance with the Articles of Association. Messrs. Raymond Brown, and Lewis retire, but offer themselves for re-election.”
***
13,:01.86
The taking of evidence having been concluded, Counsel addressed the jury and his Lordship summed up.
The jury without retiring found the prisoner guilty by a majority of five to two.
His Lordship thanked the jury for their attendance and mid he would pass sentence this morning.
The Court adjourned,
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800ms
Bince the report of the possible despatch of the Canopus to the China Station from later information that such will not be the case. She is to go home, `being badly in need of repairs to her boilers. It would seem. also, that the six ships of the Russell (which goes to relieve the Cañopus) class are not to go- to the Mediterranean.
As an instance of the reckless squandering of Government funds towards the pleasu1f the Empress Dowager, says the N-C. Du ig News, it is stated by a member of the Pay Off of the Imperial Household Department that on the celebration of the Winter Solstice on the 22nd of December last, which is usually called the New Year Day of the Manchus, the money spent on Court bánqué's, on presents bestowed by the Empress Dowager on favourite ministers and ofteers, and on Court theatricals, logether with cumshaws to theatrical stars, aggregated the total sum of Tla. 347,564.
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