January 27, 19083
THE FORTHCOMING ROYAL VISIT.
ཎྞཱཝཾ'' ༢,-
.
It is no straining of language to say that the event to which most people in the Colony are looking forward with the liveliest interest is the visit of Prince Arthur of Connaught to Hongkong next month, and as the preparations for his reception are so far advanced it is that His Royal Highness will be apparent welcomed with a cordiality and enthusiasm that must be acceptable to himself and at the same time prove that this outpost of the British Empire is not lacking in that affection and loyalty which we felt throughout its length and breadth for the members of our Royal Family. Three times before in the history of the Colony have Royal visitors honoured
the
even
community, and needless to say on each ocession Hongkong gave full expression to the loyṛl sentiments which animated the community and which the personality of our beloved King have perhaps made now stronger. The first occasion was in 1869 when the Duke of Edinburgh arrived on H.M.8. Galatea and spent a fortnight here, during which time he received all the honour and the entertainment that the Colony had in its power to offer. That visit was marked by the opening of the City Hall, an event of some importance in our local history, and by an act of royal courtesy, which made a great impression on all. That was the Duke. dressed in guernsey and dack trousers, taking stroke oar in his own barge to convey Admiral Sir Harry Keppel to the mail steamer by which that officer left for home. An interval of twenty-two years elapsed before Hongkong had the opportunity of we'- coming representatives of the Royal Family. On that occasion, in December, 1881, their distinguished visitors were the Princes Albert Vio or and George of Wales. They arrived with the detached squadron and spent Christmas here. Although their visit was intended to be unofficial it was marked by various festivities and the city was illuminated in their honour on one evening, Nine years later, in April, 1890, the Colony was again privi ered to welcome for the third time members of the Royal Family in the persons of the Duke and Duchess of Connaught, and advantage was taken of the occasion to make another display of loyalty and attachment to the Throne. And now we are to be honoured for the fourth time in a similar manner, the interest in the event being enhanced by the fact that we are to be visited by the son of our last Royal guests.
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CHINA OVERLAND TRADE REPORT.
Chinese Reception Committee at the Ko Shing Theatre, where they also witnessed a perfor- mance, Atits conclusion they drove through the streets to witness the decorations and illuminations. The next day (Thursday) Their Royal Highnesses paid a visit to Canton, proceeding by the steamer Hankow, and returning the following day went straight on board the Ancona which left at noon for Shanghai.
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HONGKONG LAND INVESTMENT AND AGENCY CO., LTD.
The seventeenth- report of the board of directors, to be presented on February 1st, reads
as follows :-
Gentlemen,-The directors have how to submit to you a general statement of the Com- pany, and balance sheet for the year ending December 31st, 1905
The net profs for that period, including $37,875.70 balance brought forward from last account, after paying all charges, amount to $455,578,61. From this amount an interim divi- dead of 83.50 per share has already been paid, It is now proposed to pay a final dividend of $3.50 per share, and after writing of directors' and auditors' fees there remains a balance of $67,839′41 to be carried forward to the credit of a new profit and loss account.
DIRECTORS.
Mors. N. A. Siebs and H. P. White now retire by rotation, but offer themselves for re- election.
AUDITORS.
WEST POINT BUILDING
COMPANY, LIMITED.
to be presented on February 1st, reads: — The seventeenth report of the general agents, Gentlemen. The general agents now submit to you a statement of the affairs of the Company, and balance sheet, for the year ending Decem
ber 31st 1905.
The net profits for the year, including the amount brought forward from the previous year, amount to $46,947,78. From this amount an interim dividend of $1.75 per share ha clready been paid, and, after writing off directors' and auditor's fees, it is now proposed to pay a final dividend of $1.90 per share, making a total dividend for the twelve months of $3.65 per share, and to carry forward the balance of $772.78 to credit of a new profit and loss account,
DIRECTO§ 8.
Hon. Mr. W. J. Gresson baving retired, Hon. Mr. C. W. Dickson has been appointed in his stead, and this appointment now requires confirmation.
Hon. Sir Paul Chater and Mr. A. G. Wood retire by rotation, but offer themselves for re-elections
AUDIT.
The accounts have been audited by Mr. C. W. May, who offers himself for re-election.
A. SHELTON HOOPEE, Secretary to the Hongkong Laud Investment
and Agency Co., Ltd., Ge.eral Agents for the West Point Building
Co., Ltd.
Dec. 31, 1905. LIABILITIES, | Capital
Accounts payable
BALANCE SHEET.
625,000.00 1,926.75
$46,947,78
Balance of profit and loss
account
Less interim dividend paid 21,875.00
The accounts have been audited by Messrs. T. Arnold and C. W. May, who now retire, but offer themselves for re-election
C. W. DICKSON, Chairman.
BALANCE SHEET. Deo. 31st, 1905. LIABILITIES. Capital
5,000,000,00 Equalization of dividend fund 250,000.00 Dec. 31, 1905, Accounts payable
..1,915,892.53 | Coat of property Bilance of profit and lost
Cash account
...
***
..$455,578.61 Less interim dividend paid 175,000.00
Deo. 3lat 1905. Cash
ASSETS.
Amouut advanced on mortgage A mount invested in property... Furniture account Accounts receivable.....
Going back to April, 1800, it is interesting to see from the files of the Daily Press the various festivities which marked the period of Their Royal Highnesses' visit to Hongkong. They arrived on March 31st on board the P. and O. steamer Kaisar-i-Hind, entering the Harbour gay with decorated shipping and, after receiving a salute from the guns Dec. 31st, 1905,
half-year To charges account
་་་
To repairs to house property To advertising
ASSETS:
25,072.78
$651,999.53
... 611,830.80 40,168.73
$651,999.53
3,247.75
822.71
9,069.04
5,212.84
2,405.30
21,875.00
280,578.61
PROFIT AND LOSS ACCOUNT. Deo. 31, 1905.
Dr. $7,446,471.14 | To fire insurance
To charges...
***
6.635.10 To Crown rent and rates.. 1,37,253,00 | To repairs to buildings, etc. 5,985 771.91 To commission to agents...
4,1942 To interim dividend of $1.75 for 71.620.71
half-year To balance to be appropriated as $7,446,471.14 follows:-
PROFIT AND Loss AccOUNT. Dr.
Directors' fees
-$500.00
$
Auditor's fees
'50.00
Dividend of $1.90 per
175,000,00
share
23,750,00
30,010,60
Bulance to be carried to
11,087.23
new account
772.78
872.33 -17,081.19
25,072.78
Cr.
$67,204.92
By balance brought forward
By rent
65,251:04
By interest... By scrip foss
1680.77
26.00
$67,204.92
To fire insurance... To balance to be appropriated as
follows:- Directors' fees ...$ 7,500.00 Managing directors' fees 20,239.20 Auditors' fexs
1,000,00 Final dividend of 31%
for the half-year Balance to be carried to
new socount
T
175,000.0)
67,839.41
of the British and foreign men-of-war, landed | To interim divid·nd of 34% for the amid a scene of great enthusiasm. H. E. the Aoting Governor, Major General Edwards, and Admiral Salmon received Their Royal Highnesses, who were conveyed by a route which showed extensive decorations to the City Hall, where they were presented with an address of welcome from the inhabitants by the Hon. P. Ryrie to which the Duke made a felicitous reply In the evening a dinner was given at Government House in honour of the Royal guests, after which they held a reception which was attended by n arly the entire European community and a number of Indians and Chinese. Next day Their Royal Highnesses witnessede a Chinese procession which passed through the grounds of Government House. In the afternoon the Duke inspected the Lyee- moon battery and Kowloon Dock, and in the uveni: g_they were entertained to dinner at Headquarter House, after which they witnessed an imposing tatton, in which the band and pipers of the Highlanders took part. On the following day the Royal visitors were exception. ally busy. In the morning the Duke laid the foundation stone of the Praya R clamation Works (the Hon. C. P. Chater reading a sketch of the work inaugurated that day), attended a meeting of the District Grand Lodge of Freemasons, afterwards visited the Peak with his Royal consort, and later the distinguished visitors were entertained to dinner by the
Cr.
Jan. 1st, 1905, By undivided profits, 1904 Dec. 31st, 1905.
-280 578.61
$514,629.96
By interest on mortgages $135,572.83
105,526.57
1
Less interest on loans
payable
By rents By commission By sorip facs
***
37,875.70
1,247.11
"Remarks on the Szemao trade of 1904," written for the Burma Government at the request of Mr. Wilkinson, H. B. M. Consul. General, by Mr. H. M. Mase, Acting Consul - and Acting Commissioner of the Imperia. Maritime Customs at Szemso, has been issued. The total figures for the trade of the year 1904 were 266,983, Hackwan tsels (about £40,000), the highest yet recorded. The imports from foreign countries were 221,753 Haekwan 30,046.26 | The countries with which the Szeman tra ...337,420.08 concerned are Barms, Siam and Hant
8,445.92 | Burma accounting for half the total.
36.0 to the value of 22,632 Haekwan tael
brought from Hurma; these find „100,526.00 | exchange at Yunninfa and Talifa thro
merchants trading between those 653514,629.96 Bhamo.
By profit on property and on invest-
ments