*
Taxes
-
"
Charges (office and telephons rent, stationery and printing, com-
mission. sundries, &c.)
Legal expenses .........
Fire insurance
"
11
Claims on cargo...
"}
Expenses on cargo and coal, coolie
hire, launches, lighters, &c....
"
To interest
$ c.
"
Interim dividend Balance appropriated as follows: — Directors' and anditors
+
paid up!
New capital
Reserve fund
1
Insurance fund
"
1,500,000
fees...
736,320.00
Final dividend...
250,000,00
10,000.00
او
27
Accounts payable
Hongkong and Shanghai banking
corporation
Depreciation and repairs account..
Unclaimed dividends
L'irectors' and Auditors' fees
520,108.91
Transfer to depreciation
and repairs account Transfer to insurance
fund
March 6, 1905.]
walls are being placed across the larger godowns.
WHARVES.
A contract has been made for the erection of a Ferry pier opposite the new road referred to abore.
DIRECTORS,
Mr. A. G. Wood and E. Shellim retire iu rotation, according to the Articles of Associa tion, but being eligible, offer themselves for re-election,
AUDITORS.
Messrs. W. H. Putts and A. O'D. Gourdin have audited the accounts now pressuted and offer themselves for re-election.
W. J. GRESSON,
Chairman.
Accounts are as follows:--
31st December, 1904.
Dr.
LLABILITIES,
To capital (30,000 shares at $50 fully
CHINA OVERLAND TRADE REPORT.
WORKING ACCOUNT.
Dr.
To w gas of permanent staff
Crown rent...
153
STATEMENT OF ACOUNTS FOR THE YEAR ENDING 81st DECEMBER, 1904.
งา
ASSETS.
Value of land and buildings, as per Inst
report ... Cost of Site of New Works at North
Point to date
Balance to profit and loss account.. 326,740.84
machinery, p'ant,
launches and office furniture,
FOR
as per last report Added during the year
By wharfage storing, &c.
Cash with the Hongkong and Shanghai Banking Corporation, current ac- count ...
Cash with the Chartered Bank of L.A. &C. Cost of 1 Union Insurance Society of
..$243,246.39 11.786.62 22,712.51
...$70,000,00
...119,495.26
27,252.53
Cost of Steel Wharf at North Point, to
772.50
date i..
4930.79
7,117.28
Value of
2,165 16
237.500.17
***
...55,770.00 8,015.27
63,785.27
$879,302.42 | Written off for depreciation 5,594.27
Cr.
58,191.00
PROFIT AND LOSS ACCOUNT.
Dr.
.8879,302.42 | Value of stock in trade as per
stock list..
...87,062.24 Written off for depreciation 1,741.24
...8 76,271.76 75,000.00
85,821,00
Value of work in progess... Cash on band
***
7,792.00
963.98
$ 10,5 0.00 75,000.00
144
15,873.14 685.68
40,000.00
10,000 00
Canton's share
Sundry debtors...
245.00 14,875.62
(8,423,47 | Amount written off :—
5,042,00
Wharves
11,340.28
$377,759.46
170,895.48
10,500.00
Railways & rolling stock. 14,288.85 Launches
LIABILITIES.
GOO 00
Final dividend...
"
75,000.00
"
Profit and losa account, balance
29,422.92
$3,374,712.78
Lighters
Machinery and plant
account...
11,594 10 1,402 61
Capital 6,000 shares at $25 each, fally
paid up
...150,000,00
Reserve fund
70,000.00
Amount carried to new
***
29,422.95
H'kong & Shanghai Banking Corporation
Loan a/c (Secured by mortgages)...120,707.51
Cr.
204, 48.76
Sundry creditors
ASSETS.
&
C.
Balance of profit and loss account
...
4,818.27 32,227.67
By value of land and
buildings ht Kowloon
as per last account...$2,487,351.50
By since expanded on now
buildings ..
Leas insurance received on Nos. 21/23 and 9 godowns burnt...
By value of wharves at Kowloon as per last
account
Since expended on new
ferry wharf
Less written off
By value of railways and rolling stock at Kowloon as per last
account
Since expended on new
rails, JC.
A
Less written off
34,000.00
- 2,621,66.86
65,000.00
0,283.85
74,288.85 14,288.85
60,000.00
By value of lunches as
per last account.
Less written off
26,500.00 500 00
26,000.00
$355,320.52
Cr.
$877,753,45
168,295,36
#
2,655,046,86
13
Transfer fers
*T
190 L
By balance from last account
Transfer from working account,
Unclaimed dividends forfeited
...$ 28,015.68
326,740 8-
405.00
159.00
...22,500.00
Directors' fees
K
...
1,000.00
80,000.00
"
ments during 1904..... Balance
$ 32,566.11
Auditor's fee
58, 123.47
Balance to new account
150.00 8,577.67
610
11,340.28
82,227.67
$ 0.,989.58
91,340.28 11,340.28
Cr.
$180,481.14
By balance from last account
80,000.00
37
Transfer from profit and
$ 50,989.68 losg
account
RESERVE FUND,
By balance of last year's account... 40,000.00 | By gross earning
By interest... $ 90,999.58 | By transfer fees...
By bonus from Insurance Co...
$10,517.25 .169,660.75
44
143
400
191.97 8.00
43.47
Dr.
To balance
#180,401.14
Cr.
PROFIT AND LOSS ACCOUNT.
To cost of labour, material and working
Expenses
To crown rent and taxes..... To depreciation...
7,335,51
$365,320.52 | To aniount written off, Sundry debtors 2.171.18
To balance, profit appropriated as under :--
Dividend of 15 per cent. on
DEPRECIATION AND REPAIRS
ACCOUNT. Dr.
To repairs, renewals and improve-
$150,000.00
部
...120,821.87
To salaries.
***
17,160,00 1,215.46
By value of lighters as
per last account
Since expended on
new lighterg
2
90,000.00
9,594 10
99,594.10 11,594.10
Less written off...
By value of machinery
+4
and plant se per last account
Since expended on new
machinery...
Less ritten off
50,000.00
1,402 61
51,402.61 1,402.61
By value of sheer legs as per last
account
"S
Value of land and buildings at
"J
33
By balance from last account
.$250.000,00
...$250,000.00
INSURANCE FUND.
144
...$10,000.00
.$10,000.00
To balance...* By transfer from profit ud loss
account
GEO. FENWICK AND CO.,
the
LD.
The report for sixteenth ordinary general meeting to be held at the Hongkong Hotel on March 11th, at 11.30 a.m., states :-
The directors have now to submit to the 88,000.00 | shareholders a statement of accounts for the
year ending 31st December, 1904.
50,000.00
3,000.00
The net profit for the year amounts to $21.709.72 to which has to be added $10,517.95 brought forward from last year's account. After payment of directors and auditor, it is proposed to pay a dividend of 15 per cent., or $22,500 to shareholders; and to carry forward $8,577.67 to next year's account.
$124,426.05 has been expended, to 31st De- cember, 1904, in the purchase and reclamation of the new Site at North Point, It is expected West Point as per last account... 263,143.88 that the reclamation will, according to contract, Sundry debtors
123,917.86 be completed in August next.
***
Hongkong bank (unclaimed
dividend)...
Cash on hand
**
>>
Value of coal on hand
J
Value of timber, iron and stores
on hand
5,042.00 €32.18 1,748.10
DIRECTORS.
Mr. A. Rodger, according to the Articles, retires, but offers himself for re-election!
AUDITOR,
The accounts have been audited by Mr. 51,581.95 Thomas Arnold, who offers himself for re-
election.
WM. PARLANH, Chairman.
$8,374,712.78
HONGKONG FIRE INSURANCE CO., ID.
The report for presentation to the share- holders at the thirty-sixth ordinary general meeting, to be held at the offices of the general managers, on the 6th March, at 11.30 a.m.,
reads:-
The general managers and consulting com- mittee have pleasure in submitting to the shareholders the thirty-sixth annual report of the Company,
1903 ACCOUNT. -This account shows a profit of $302,222.22 which sam, subject to the ap- proval of the shareholders, it is proposed to deal with as follows, viz. :-
Dividend of $34 per share Addition to reserve fund,
..$272,000.00 30,222.22 $302,222.5
1904 ACCOUNT.-The balance at credit of this account is $360,372.63.
MORTGAGES-From the reports and valus- tions made by the Company's surveyors, the general managers and consulting committee are satisfied that the properties held by the Company form ample security for the advances made.
Consulting COMMITTER-Mr. J. H. Lewis having resigned, Mr. HL. P. White waanominated to take his place and this appointment requires the confirmation of shareholders. The present members The Hon. Sir Paul Chater, C.M.G., Messrs. F. Maitland, A. J. Raymond and H. P. White retire, but offer themselves for re-election.