188
THE HONGKONG WEEKLY PRESS AND
[March 20, 1905-
To write off from value of
steam launch
PROFIT AND LOSS ACCOUNT.
ASSETS.
2,000.00
To write off from value of
electric installation...
To balance from last year.
$ C. 73,905.88
Value of steamers Rubi and Zafiro
833,000,00
17
E1
1,228.74
To salaries, wages, fire insurance, &c.
9,323.03
1
Manila Buoys & Moorings.
To carry forward to new
account
To interest....
To anditor's fee
2,708.72 50.00
Stores on hand
"
"
Coal on hand
•
3.554.92
Hongkong Baoys & Moorings
Proportion of premium on current policies 53.521.07
3,400.00
4,900.00
6,000.00
5,715.50
-88,870,58
$85,997.63
Sundry sbtors
Outstanding freights 1904
$111,422.57
By balance
$85,987.63
Cash
Cr.
C.
22,785.43
39,535.59
790.64
$969.648.23
By balance from 30th June, 1904 $S8,870.14
Less dividend at 10
per cent.... ..$60,000.00
Less transfer to re-
pairs & renewals
account
Less written
...
furniture and fix-
10,000.00
tures accounti 7,207.49
**
By rents of shops and offices,
77,207.49
-11,668.65
By rents of shops and offices,
old building
...$ 7,290.00
2,573.47
9,863.47
new building...
By dividends on shares in public companies 497.00 By scrip and transfer fees...
By bad debts recovered
42.00 23.20
By profit on hotel working account for
the six months ending 31st Dec, 1904...89,326.25
$111,122.57 REPAIRS AND RENEWALS ACCOUNT. For the Six Months ending 31st December, 1904. Dr.
To payments on account of repairs
and renewals during the half-year ending 31st December, 1904...
Cr.
By balance from last account
"}
Transfer from profit and loss account,
as recommended in last Report Profit and loss account
$12,699.52
$12,699.52
CHINA AND MANILA STEAMSHIP
COMPANY, LIMITED.
The report for presentation to the share- holders at the twenty second ordinary general meeting to be held at the office of the general managers, on Saturday 25th March, at 11 o'clock a.m., is as follows:-
Annexed we beg to submit to shareholders the usual annual statement of Accounts for the year ending 31st December 1904.
The
which net profit is $38,107,70 proposed to appropriate as follows, viz To place to Reserve Fund
account...
14
it is
$5,000.00
To pay a Dividend of $100 per
share
24,275.00 To carry forward to next year's
8,832.70 As the "Perla" could not be run at a profit she was sold to Japanese buyers in August last. The "Rubi" and Zafiro" have made the service regularly throughout the year between Hongkong and Manila, and, as their earnings show, have proved themselves well adapted to the altered condition of the trade, which now depends more upon foreign pass- engers and cargo than on Chinese as formerly.
In accordance with resolutions passed on the 5th October 1904 and the 26th October 1904 the Capital of the Company has been reduced to $750,000.00.
CONSULTING COMMITTEE.
$ 1,824.75
10,000.00 874.77
Mr. J. H. Lewis having left the colony, Mr. H. P. White was invited to take his place on $12,699.52 the Consulting Committee.
LUZON SUGAR REFINING CO., LD.
The report for presentation to the share. holders at the twenty-third annual meeting, to be held at the offices of the general agents, at 12.30 p.m. on Thursday, 23rd March, is as follows:--
The General Agents beg to submit a State- ment of Accounts for the year ending 31st December last.
The Refinery remained silent during the whole of the year under review, there being no
outlet for its sugars, but as prospects have lately somewhat improved, arrangements have been made to regume work at an early date.
Inclusive of $73,905.88 brought forward from the year 1903, the balance at debit is $85,987.63, which is carried forward to next account.
CONSULTING COMMITTEE.
Mr. J. H. Lewis resigned his seat on his departure from the Colony, and Mr. H. P. White was invited to join the Committee in his place; the Committee now consists of Mr. A. Wood and Mr. H. P. White, who offer themselves for re-election.
AUDITOR. The accounts have been a dited by Mr. Thomas Arnold, who offers himself for re- election.
JARDINE, MATHESON & CO., General Agents.
The accounts are as follows:-
CAPITAL ACCOUNT. 31st December, 1904.
LIABILITIES.
Jardine, Matheson & Co.'s current secount
Capital account
Sundry creditors
ASSETS.
In accordance with the Articles of Associa- tion. Messrs. N. A. Siebs, D. E. Brown, H. P. White and A. V. Apcar retire but offer them-
selves for re-election.
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.
The accounts are as follows:-
PROFIT AND LOSS ACCOUNT. Balance at debit brought forward from 1903 63,123.66
Consulting committee's fees. Auditors' fees
Interest Charges
THE CHINA IMPORT AND EXPORT LUMBER CO., LD.
The Report of the Directors of this Co. for presentation at the Third Annual Meeting of Shareholders says:
In presenting to the Shareholders the third annual Report and Statement of Accounts for the year ending the 28th February, 1905, the Directors sincerely regret having to record the death of Mr. H. Snethlage who founded the Company, and to whose untiring zeal in its welfare is primarily due the success which it has attained.
Regarding the business for the past year, the Profit and Loss Account, including the amount of Tls. 2,595.91 brought forward from 1904, amount the Directors recommend to be appro- shows a credit balance of Tis. 32,894.21, which priated as follows :-
1. Allow for Agents' participation
in Profits of Less balance for last year
Tls.
32.894.21 2,595.91
Tls. 30,298.30
Tls. 3,029.83
at 10 per cent. 2. Pay a Dividend of 10
per cent. per annum in form of interest on the paid-up capital from date of payment until 28th February, 1905, absorbing
3. And carry forward to new account
the balance of ...
26,394.13
3,469.95
Tls. 32,894.21
Tls.
Buildings on the Old Lumber Yard, the Company's New Yard and in Tientsin, Hankow, and Tsingtao, for Offices, Drying Sheds, etc.,
stand in the books at a cost of From which has been written off for depreciation...
4.000.00 Machinery.-Additional Machinery,
Amount written off as depreciation and loss 544,790.64 Loss on working account s.s. Perla
29,908.23 Balance
12,140.29
Leaving a balance of
1,140.29
11,000.00
400.00 22,710.12 2,768.43
costing Tls. 1,820.73 has been purchased for the saw mill, which, including the Tls. 13,000.00 brought forward from last year, shows a value of...
38,107.70
14,820.73
$705,798.78
From which has been written off for depreciation ..
2,320 73
12,500.00
2,445.91
245.91
2,200.00
Amount written off capital account as per resolution Tassed at extraordinary general meeting of shareholders held 5th October, 19:4 and confirmed at meeting held 26th October, 1914.... 606,875.00 Exchange
3,777.16 Profit n working account s.s. Rubi and
Zafiro
BALANCE-SHEET.
95,146,62
$705,798.78
S
c.
$ 0. ..1,500,000.00
LIABILITIES.
Authorised capital 30,000 shares
at $50 each Less written off as per resolu. tion passed on 5th October, 1904, 30,000 shares at $25 each
$
700,000.00 50,656.04 683.93
$751,339.97
Issued and fully paid 24,275
shares at $50 each... Less written off on 24,275 shares
at $25 cach
750,000.00
750,000,00
1,213,750.00
606,875.00
Property account.
Cash
$ c. 629,642.43 166.29
the company
Coal, Charcoal, stores, &c.
35,014.67
Underwriting account
Accounts receivable
628.95
Due to General Managers.
Sundry creditors
$665,352.34
Company's bankera
Profit and losa account
85,997.63
$751,339.97
Calls on shares forfeited now belonging to
Balance of profit and loss account.
-606,875.00
Leaving a balance of...
Furniture. This stands in the Books
at a value of
From which has been written off for depreciation...
Leaving a balance of.....
New Lumber Yard-Valuable improvements have been made on the property, a large shed under which to season timber having been cons- tracted, and the ground partly filled in to the level of the Yangtszepoo Road.
Special Reserve Fund.-It was considered advisable to set aside a certain percentage on sales of Lumber to a special reserve fund to cover doubtful debts. The amount of Tls. 3,938.76, shown in the accounts, is a clear balance after the deduction of all bad debts incurred.
Capital-The Capital has been increased during the year from Tls. 251,000.00 to Tls. 278,000.00, by the issue of 270 new shares at par, in order to enable the Company to proceed 25,700.52 with the enlargement of their saw mill plant, and 276,237.00 to pay the second instalment on the purchase 38,107.70 of their property on the Yangtazepoo Road Cad. Lot 6,001. As extensive improvement, $969,648.23 |
are now being carried out on this property, it
8,785.00 13,167.43 775.68