66
THE HONGKONG WEEKLY PRESS AND
AGENCY, LD.
Messrs. H. Schubert. ER. Fahrmann, and | UNITED ASBESTOS ORIENTAL H. E. Tomkins have during the past half-year been invited to join the board subject to con- firmation by the shareholders at this meeting. In accordance with the Articles of Association, Hon. R. Shewan and M.. Goetz retire from the board by rotation, but being eligible, offer themselves for re-election,ili a
The retiring auditors Messrs. A. O'D. Gourdin and W. H. Potts also offer themselves for re-election.
W. DICKSON,
Chairman.
Hongkong, 20th July, 1903.
The accounts are as followB →→→ 30th June, 1903.
ABBETS.
Value of steamers Powan, Honam, Heung- shan, Lungshan, (ths of Batshan and Kinshan and jrd of Nanning and Sainam
Value of lighters Sun Lee and Wo Lee Value of wharves, hulks, and moorings Value of properties at Cantos, Wuchow
and Kongkun
Value of coal, and spare gear... Value of furniture.......
C.
The following is the report for presentation to the shareholders at the seventh ordinary annual meeting to be held at the offices of Messrs. Dodwell & Co., Ld., Queen's Buildings, on the 5th August at 3 o'clock:-
The General Managers have now the pleasure to lay before the shareholders the accompanying statement of accounts for the year ended 31st May, 1903 :-
ACCOUNTS.
The balance at the credit of profit and lo account, after writing off $1,168.95 for deprecia- tion and including $489.03 brought forward from last year, is $19,999.44, which it is propod to appropriate as follows:--- To place to reserve fund
...
***
836,438.74 9,500.00
20,051.47 759.00
Value of shares in public companies ... Value of Chinese bonds....
645,755.00
To pay a dividend of 15 per cent. on
ordinary shares...... 86,200.00 To General Managers' remuneration... 117,261.74 To pay a further dividend of 7 per
cent, on ordinary shares.
100 To pay $29.70 per share op
founders' shares
1,034 48
་་་
Loans on mortgago..
719,500.00
Cash with the dongkong and Shanghai
Banking Corporation
30,163.32
Interest accrued to date
1,755.09
Premia on Marine Policie.xpired.
13,479.59
Sunday debtora
34th June, 1903.
LIABILITIES.
Amount of capital, 80,000 shares of $15
each fully paid up .....
6,706.31
To carry forward to new account
AUDITOR.
July 27, 1903.
SUPREME COURT.
Friday, 17th
July.
IN ADMIRALTY JURISDICTION.
BEFORE HIS HɔNOUR SIE WILLIAM GOODMAN (Chine Justice) AND CAPTAIN E. BEÉTHAM, 8.8. "TARTAR” (ASSESSOR),
#1
KWOK PO v, 8.8. RUBI." Judgment was given in this action of damages arising out of a collision between the Sun Kwong Hop fishing-junk, No. H. 2.141 and | the s.s. Rubi in the Lems Channel near Putoy Island on 9th February, 1903. Mr. M. W. $6,000 00 | Blads, barrister-at-law (instructed by Mr. H. J. Gedge of Messrs. Johnson, Stokes & Master, 5,940.00 solicitors), appeared for the plaintiffs; and Mr. 2,000.00 E. H. Sharp, K.C., barrister-at-law (instructed by Mr. H. W. Looker of Messrs. Deacon & 2,970.00 Hastings, solicitors), was for the defendants.
2,970.00 119.44
$19,999.44
The accounts now presented have been audited $2,488,594.74 by Mr. W. H. Potts, who, being eligible,
offers himself for re-election.
DODWELL & Co., LD..
General Managers.
0.
1,200,000.00
Amount at credit of depreciation and in-
Burance fund........
633,000.00
Amount at credit of equalisation of divi-
dend fund
300,000,00
Amount at credit of investment and fluc-
tnation account
162,229.13
Unclaimed dividends
6,388 50
Sundry creditors
24,985.41
Hongkong 15th July, 1903.
The accounts are as follows:
BALANCE-SHEE, 31st May, 1903.
$ C.
39,600,00
1,000.00
Dr.
Amount at credit of profit and loss account 161,991.70
PROFIT AND LOSS ACCOUNT.
30th June, 19 3.
To amount paid for repairs to steamers To directors' and auditors' fees
To balance to be appropriated, viz :--
Dividend at 10 per cent, on
$1,200,000.
To be written off book: alus
To be carried to new account 25,552.96
of steamers
31st Dec., 1902.
LIABILITIES.
To capital 9,900 ordinary shares of $1v, of which $4 share
per paid....
100 founders' shares of $10
fully paid
To profit and loss account balance...
$2,488,594.74
To sundry creditors
To unclaimed dividends..
c.
To reserve fund-
41,054.29 4,750,00
C.
120,000.00
16,498.74
By amount brought forward from last ac-
count
By net earnings of steamers'
By transfer fees
.
ASSETS
By value of launch Gladiator as
per last account
C.
By less written off
4,000,00 1,000.00
161,991,70
$207,795.99
By value of furniture and fittings
ae per last account.
150.00
By since expended
218.95
C.
968.95
50,704.14 | By less written off
168.95
103,495.08
63.474.77
122.00 By sundry debtors
By cash in bank
$207,795.19
By cash in hands of general managers
D INSURANCE FUND.
$ 0. 633,000,00
$
0.
€ 3,000,00
3 th June, 1963.
By interest on investments
DEPRECIATION
31st Dec., 1902.
To balance
31st Dec., 1902.
Gr.
By amount at oredit
25th Feb., 19 3.
By amount appropriated from profit and loss for half year ending 31st Decem- ber, 1952
25,000.00
$638,000.00
EQUALISATION OF DIVIDEND Fund.
30th Jane, 19:3.
To balance
81st Dec., 1902.
By amount at oredit
By value of material on hand By unexpired portion of insurance policies
0.
|
His Lordship said—This is an action brought on behalf of the owners of the fishing junk, Sun Kong Hop, a junk of some 60 tons, against the China and Manila steamship Rubi, for collision damages for a
which occurred about 3.30 or a little later, on the morning of the 9th February, 1903, between Putoi and the Lema Islands. The collision resulted in the loss of the junk and the death, by drowning, of several of the persons on board. At the time of the occurrence the Rubi was on her way to Hongkong from Manila, and the junk, which had come from Macro, and had reached Chung Chin Island, about seven o'clock the previous evening, was proceeding leisurely on A south-east course from Patoi Island towards the fishing-grounds off Lema Island; intending to fish about daylight. It seems that at the time of the collision, the captain of the Rubi was on the lower bridge deck using his glasses· · · and looking out for junks. The second officer 40,600 00 (now the first officer) was on the upper bridge, 20,855.69 and he swore he was keeping a careful lookout,
160.00
and standing near the man at the wheel, 8,000.00 19,999.44 and there was a look-out man, a Chinese, Wong Kow, who has been for 15 months $89,715.18 on the Rubi, stationed in the bows. All these three witnesses state that they first saw the 。. | junk's light when the junk was a trifle on the starboard bow and only the steamer's length, vis., about 300 feet, distant. She was then 3.000.00 crossing the bow at an oblique angle towards the 9. E. In the circumstances the captain did all that was possible, reversed the engines and put the helm hard aport, orders which were Unfortunately, very promptly carried out. however, the junk did not get clear, but struck the steamer on the port bow, 10 or 12 feet from the Rubi'a stem, and the after-part of the junk got knooked away, with the result that she shortly after became a total loss. The steamer people did all they could after the collision. It was very dark and eventually the survivors on the junk were picked up by some fishermen. Two important questions arise:-(1) Did the collision occur within the territorial waters of the Colony, or outside them? (2) Had the junk a light of such a character as to be visible 50.00 at a reasonable distance, it being admitted that 1,168.95 she did not carry the regulation side-lights? 19,999.41 As regards the question where the collision occurred it seems that at nine minutes past three a.m. off North-East Head (Tankau Island) 0. the captain fixed his position at a point, the three bearings of which were Waglan N. 30 deg. W. and North-East Head S. 50 deg. W. and at that point he changed bis direction to s course W. by N. Such a course would not take $66,849.74 | hìm within 14 miles of Patói Island. The collision occurred while he was pursuing that course, and at, or shortly after. 3.8 a.m, what tide there was was in the steamer's favour and the fresh east or north-east wind would have accelerated the Rubi's speed, which was steaming roughly 10 knots. A calculation based on these data would place the point of collision at about 11 miles to the southward of Putoi. It is true that, in the official log, the entry relating to the supposed locality of the collision makes the bearing of Waglan NE. E. My assessor and myself are satisfied that the entry ought to have read N.E. 4 N. and we accept the explanation offered as to how this mistake arose, corroborated as it is by the position
200,00 34,303:06 292,24 18,169.31 33,679.36 71.16 $9,715.13
PROFIT AND LOSS ACCOUNT, 31st May, 19 3. To trade expenses, salaries, commissions,
launch working, rent, advertising..... To auditor's fee
To depreciation for year ending 31st May To balance carried to new account
By balance from last account C. By profit on sales 300,000.00 By transfer fees
By interest
0.
300,000.00
KAMAGRAMADAN KERANA
The ex-Sultan Abdullah of Perak has been accorded permission by the Secretary of State to return to Perak from which he was sxiled some 28 years ago in connection with the assassination of Mr. J. W. Birch, the first British Resident.
Hongkong theatre-goers will hear with much regret the news brought by American mail papers that Miss Janet Waldorf, who with her company delighted audiences in the City Hall theatre only bight months ago, died of pneumonia in New York on the 10th ult.
C.
$
45,625.35
$66,813.74
489.03 66,073.10 22.00 259.61
Auother instance of the new Canton Viceroy's strictness is reported. One of the Canton charitable institutions which has been appealing for funds to provide cheap rice for the famine- stricken in Kwangsi seems to have been asked by H.E. Sham to produce its account-books. No figures of the money received or the amount of rice distributed were forthcoming, and the Viceroy has therefore sent up a commissioner to make investigations in the districts receiving relief from this society. It is said in Canton that some of the directors of the institution feel very uncomfortable about the matter,
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