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--
March 5, 1906.]
COMPANY REPORTS
HONGKONG FIRE INSURANCE CO., LTD.
report for presentation to the share- s at the thirty-seventh ordinary general
g.on Wednesday, 7th March, reads:-
general managers and consulting com- have pleasure in submitting to the Iders the thirty-seventh annual report of
pany. Account.-This account shows a profit 417.66, which sum, subject to the of the shareholders, it is proposed to
as follows, viL :—
d of $25 per share
to reserve fund ..
$200,000.00
20,417.66
$2:0,417.66
1905 Account-The balance at credit of this account is $422,618.04.
Mortgages. From the reports and valuations made by the Co. pany'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 Committee-In accordance with Motion 13 of the articles of asssociation, the present members of the committee, the Hon. Sir Paul Chater, C.M.G., Mesers. Maitland and Raymond retire, but, being eligible, offer them- selves for re-election. 10.
Pe
Auditors. The accoridave been audited by Messrs. W. H. Potts is. A ruold and their re-election as auditorgh the Company is recommended,
JARDINE, MATHESON & Co, General Managers.
BALANCE SHEET, DECEMBER 31st, 1905. Dr.
|
CHINA OVERLAND TRADE REPORT.
To commissions...
To exchange
To balance as above,
By net premia received, less returné
and reinsurances,
By interest... By transfer fees...
To lesses and claims paid...
WORKING ACCOUNT,
To commissions To charges...
To exchange
To balance as above
∙163
45,349.47 Machinery and Plant-All the godowns are 276.13 now provided with portable Fire Engines. 220,417.66 Four steam cranes, four orab winches, one cargo elevator, and a second hand dredger with $12,954.73 hopper barge were acquired during the year.
An electric light installation throughout the premises has been partially completed.
$380,133.34 ... 140,775.39 Directors-Mr. E. S. Whealler, Mr. E. A. 46.00 Howett and Mr. H. Schubart resigned and their places were taken by Mr. G. H. Medhurst, $520,954.73 | Mr. I S. Lewis and Mr. U, R. Lenzmann 1905.
respectively. Mr. L 8. Lewis later on resigned ...$ 53.981.27 and his place was taken by Mr. E. A. Hewett.
30,996,63 The appointments of Messrs. Medhurst, 47.581.32 Lewis, Hewett and Lenzmann require con-
4,346.74 fimation. 422,618.04
Messrs. E.. A. Hiwott and A. J. Raymond retire in rotation, according to the Articles of $559,524,09 | Association, but being eligible, offer themselves
for re-election. ..$411,331,07 Auditors.Mesers. W. H. Potts and A. O'D. 147,892.93 Gourdin have audited the accounts now pre- 80.00 sented and offer themselves for re-election.
C. W. DICKSON. $559,524.00
Chairman.
By not premia received, less returns
and reinsurances
By transfer fecs .. By interest...
HONGKONG AND KOWLOON WHARF
AND GODOWN CO., LD.
The report for presentation to shareholders at the nineteenth ordinary sùnual meeting, to be held at the City Hall on Monday, 12th March, 1906, is as follows:-
The directors have now to submit to share- holders their report with a statement of accounts for the year ended 31st December, 1905.
Accounts. The profit on working was $390,753.10 as compared with 3326,740.84 in 1904, being an increase of $64,012.26.
The balance at credit of Proft and Loss account, after paying interim dividend of 5 per cent, and including $29.422.92 brought forward from last year, is $589,130.39 which it is proposed to appropriate as follows:- Directors' and Auditors' fees Final dividend of 7 per cent....
Hongkong, 28th February, 1906.
BALANCE SHEET. December 31st, 1905.
Dr.
Liabilitios.
To capital 40,000 fully paid up
shares at $5 ›
Loss 137 shares not issued
题曲录
$2,070,000 6,850
-$1,998,150,00
To estate of G. Sharp ( leceased) mortgage 156,951.00 To reserve fund
To insurance fund ................ To Hongkong and S'hai Banking Cp'tion To depreciation and repairs account......
To unclaimed, dividends To account payable
To directors' and auditors' fees............
o Final dividend To p:ofit and loss account, balanco
Cr. Assots.
21410
550,0,00 20,000.00 733,811.47 65,160.86 5,256.50 234,848,11 10,500,00 180,520.50 21,040.05
$3,928,738.19
By value of land and build.
ings at Kowloon as per. 50,000,000 last account...........
800,00,00 | By cost of land and buildings 10,000.00
since acquired 12,283 15
Since exponded on new
buildings
Capital subscribed
Liabilities.
$2,000,000.00
Amount paid-up
+
Reserve fund
Uncollected dividends
Accounts payable
Working account, 1904,-Net profit Working account, 1905,-Amount brought forward from below...
$ 400,000.00
1,2 0,510.70 | Transfer to depreciation and repairs
8,010.30 account 96,834 10 Transfer to Re erve Fund 22,417.66 Transfer to Insurance Fand
Write off Wharves
$10,500.00 139,520,50
+++
422.618.04
Write off Railways and Rolling
stock
8,046.83
$2,848,390.80
Write off Launches
6,000.00
Cr. Assets.
Write off Lighters
18 839.38
Cash, on current acct, with Hong-
kong and Shanghai Bauking Corporation
...$ 131,901.84 1,448.37
Cash in hands of general managers
Fixed deposits,—
H'kong and Shanghai
Banking C'p'tion $50,00 .00
Chartd. Bk. of India,
Aast. and China 50,000 00
Mercantile Bank of
India, Limited
Mortgages,
In Hongkong
In Shanghai...
In Yokohama
25,000.00
.$1,124,001,00 452,361.51 25,725.39
Japanese Government deposit,-
Consolidation bonds. $26,000.00 Imperial bonds...
War bonds...
Investments,-
Chinese Imperial Gov.
61,200.00
24,000.00
ernment loan, 1886...$25,863.07
Shanghai Land Invest-
ment Company, Ltd.,
debentures
27.586.20
S'hai Club debentures 9,333.33
Hongkong Hotel Co.,
Ltd., debentures
52,000.00
Steam fire engines .....
Accounts receivable
***
125,000.00
Write off Machinery and Plant Carry forward to new account
4,900.49 20,040,05
$580,13 .39
By value of wharves at Kow- loon as per last account Since expended on new
wharves
Business-On 1st January, 1905, the Com-By pany's Yarn storage businest, formerly conducted at Wanchai, was transferred to Kowloon. Business generally throughout the year Was restricted in consequence of the financial position of the Chinese.
area
Capital. Of the 10,000 new shares authorised on 22nd September, 19 4, 9,863 were taken up.
Property. The Company acquired K. M. L. 4-5 (having an of 52,317 feet) for $211,366.9 including the buildings thereon, which lafter it is proposed to utilize as offices. The exchange of land with Government referred 1,662,086.90|to in last report is progressing.
111,210.00
was
Less written off
.$2,621,646,86
211,266,00
229,040.52
-$3,062,063,28
80,000.00
42,283.15
** KA
122 283.15 12,283.15
110,000,00
60,000.00
8,046.83
6,046.8
8,0 6.83
60,00,00
26,000,00
value of railways and roll- ing stock at Kowloon as por last account Since expended on new
rails, &c. .....
written offen By value of launches as per last account ......................................... Sinoo expended on new launch...................................................
Less written off
By value of lighters as per
Wharves. The new heny pier opposite Salisbury Road and three small wharves oppo- sito the Yarn godowns, have been completed. West Point wharf has been thoroughly repaired.
Buildings-No. 9 godown (rebuilt) completed in June, and Nos. 30-31 (for hazar. dous goods) in March, Nos. 4-5 (old are being replaced by a large double storied godown. | By Fire proof walls have been built across godowns Nos. 1-2, 4-5 (new) and 20-21. New workshops and storeroome are in course of erection behind the godowns.
Railways. Additional lines of ail have been laid and other alterations made with a view to 114,582.60 keeping pace with the rapid working appliances '500.00 | with which modern vessels are now equipped. 201,871.09 Launches The Government tug Praya (renamed Cormarunt) was purchased, and $2,348,390.80 | when fit'ed with new boiler, do, will be a cheap
and useful soquisition.
WORKING ACCOUNT, 1904.
To losses and claims paid
To charges ...
信德
To remuneration to Consulting Com-
mittee and auditors
#
***
$214,701.94 Lighters-Six new open lighters (European 34,709.53 | style) were built during the year and twelve more are in course of construction by the 5,500.00 Hongkong and Whampoa Dook Co.
last acocunt .......................................** Since exponded on new
lighters.....
Saba sat
Less written off
value of machinery and
plant as per last account Since expended on new machinery, &c. .....................
Loss written of.............................................
By value of sheer legs as per By value of land and buildings By aundry debtors.......
Point as per last sooount By H'kong & Shanghai Bank (
dividends)
By onah on hand By value of coal on hand By value of timber, iron and
hand
O 100 2
25,000,00
100,000.00
90,000,00 8,000.00
· 903,14'3.83
161,807.10
5,256.50
633.13.
9,496.57
89,818,78
1929,788,49