164
To interest
PROFIT AND LO88 ACCOUNT.
Dr.
To interim dividend
$
38.046.63
9.',1' 2.59
To balance appropriated as follows :--
Directors' and auditors' fees $10,500,00
Final dividend
Transfer to depreciation and
ture, as per last report.$58,191.00
139,520.50
3 631.17
repairs account
50,000,00
$61.822.87
Transfer to reserve fund
300,000,00
I ransfer to insurance fund
UR
10,000.00
Sold during the year
7,150.99
Amount written off :---
Wharves.....
12,283.15
$54,671.87
Railways and rolling stock
8,046.83
Written off for depreciation 3.548.74
Launches
6,040,00
Lighters.
18,839 38
51,123.14
Machinery and plant
Value of stock in trade as
4,900,18
THE HONGKONG WEEKLY PRESS AND
Cost of steel wharf at North Point,
to date
Value of Machinery, Plant,
Launches and office furni-
Added duri g tho year
[March 5, 1906, E
J. W. Noble retire, but offer themselves f 4,930.79 | re-election.
Auditors-The socounts have been audited. by Messrs. T. Arnold and W. H. Potts, h are recommended for re-election.
Interest
; HEWAN, TOMES & CA
General Managers.
PROFIT AND LOSS ACCOUNT.
Auditors' fees
+
...
་་་
Consulting Committee fees Amount written off as depreciation
for 19 5
***
Amount carried to new account
21,040,05
580,130.39
per stock list Written off for depreciation 3,128.79
$99,785.34
Palance
96,656.55
$717,275.52
81.
Value of work in progress
1,087.18
Cash on hand
Cr.
1,935.48
By unclaimed dividends forfeited
By balance from last account
By net earnings for 19:3
By transfer fees
By premium on 9,863 shares at $31
$ 29,420.92
0.
390,753.10
Cash with the Hongkong and S'hai
Baoking Cp'tion, current a/c.
Balance brought forward from 1904.$/ Exchango
12,928.57
Balance from working account
By additional premium on unallotted shares
sold by Company..
87.50
83.00 Cash with the Chartered Bank of 293.00
Iudia, Australia and China 295,890.05 | Cash with the National Bank of
China, Ltd....
$118,220.45
123.87
BALANCE SHEET.
Liabilities,
218.93
Cost of Un'o Insuranc) Society
Capital:
$717,270.52
of Canton's share Sundry debtors ...
245.00
10,000 shares at 850 fully paid up ...$500,000.00
Reserve fund
"
60,000.00
16,350.62
DEPRECIATION AND REPAIRS ACCOUNT
Dr.
To repair, renewals and improvements
during 1905
Sundry creditors
32,888.21
$ c.
43,062.61
$4 6,492.58
Company's bankers
8,684,02
LIABILITIES.
Balance of profit and loss account
96,813.29
To balance....
Cr.
By balance from last acount.
By transfer from profit and loss account...
65,160.86 Capital, $150,000, viz.,
6,000 old shares of $25 ea.$150,000 $118,423.47
12,000 nsw shares of $25 ea. 300, 00
$ 0. 58,423.47
$450,000 50,00 | Less 72,000 shares unissued. 180,000
$697,883,52
Assets.
***
RESERVE FUND.
Dr.
To balance.
0.
$108, 123.47 | Balanc^, 10.800 shares paid up
Reserve fund $
H'kong and S'hai Banking Cp'tion 550,000.00
loan a/c (secured by mortgages) 560,000.00 | Sundry creditors
..$270,000.00
70,000.00
65.753.20
Cash in hand
Land, factory, machinery, &c.
as per last statement.. $236,000 Less depreciation
Rope, hemp, &c., in factory, valued at 133,467.49 Rope on consignment, valued at 151,247.00 Fire insurance premia for 1906 Sundry debtors ...
14,500
-$221,500.00
3,873.54
Cr.
By balance from last account
By transfer from profit and loss account
250,000.09
Balance of profit and loss account...
26,865.84
Cash at factory
1,411.11 138,216.14
1,591.78
50.00
R
Investment of reserve fund:
8-10,00 100
$436,492,58
$550,000,00
INSURANCE FUND.
Lr.
PROFIT AND LOSS ACCOUNT, To cost of labour, material and work-
ing expenses
..8 88,680.50
To salaries.
16,510.00
To balance
$20,000.00
3,800 shares in the China
Provident Loan & Mort-
gage Co., Ltd. at $8 ...$ 30,400 2,500 abares in the China
Light and Fower Co., Limited, at 88
To crown rent and taxes
$20, 00,00
To interest ...
1,264,20 113.11
Cr.
To depreciation...
6,677.53
By balauce from last account By transfer from profit and loss account
$10,001.00
20,000
50,400.00
$697,883,52
10,000.00
$20,000.00
GEO. FENWICK & CO., LTD.
The report for presentation to the share- holders at the 17th ordinary general meeting to be held at the Hongkong Hotel on Saturday, 10th March, is as follows:-
T The Directors have now to submit to the shareholders a statement of accounts for th
year ening 31st December, 1905.
Afte witing off for depreciation $6,773 the netrofit for the year amounts to $18,288.17, to whichhas to be added $8.577.67 brought for. ward fro of Directo a dividend f shares, ar shares, iss
The balan
to next ye The rec completed is receivin Directors.
Director the article election.
Auditor. Mr. Thos. election.
STATEMEN MONTHS
Value of la
last rep
Cost of sit
Point,
's account. After payment ditor it is proposed to psy ollars per share on the old lar per share on the new
To balance, profit appropriated as under ----
Dividend of 8 per cou'.
on 6,000 old shares ...$12,000.00
on 4,800 new shares for
Dividend of 8 per cent.
six months .. Directors' fees
Auditor's fee
4 800.00
1,000.00 150.00
Balance to new account 8,915 84
THE HONGKONG HOTEL COMPANY, LIMITED.
The report of the board of directors to be presented at the ordinary meeting of share- 26 865.84 holders on Saturday, March 3rd, is as follows :-
Gentlemen,-In accordance with section 58 814,111.18 of the articles of association, the directors By balance of last year's account ...8 8,577.67 now beg to submit their report for the half. By gross earning
131,454.34 year ended 31st December, 1905. By transfer fees ..
By bonus from Insurance Co.... By dividend, Union Insurance Society
of Canton's share
25.00 14.17
40.00
$140,111.18
nly last, rbsorbing $16,800. HONKONG KOPË MANUFACTURING
15.8 to be carried forward nt.
onat North Point is now nearly uestion of further progress eful consideration of your
Wm. Parlane, according to but offers himself for re-
bounts have been audited by who offers himself for re-
A. RODGER,
Chairman.
ACCOUNT FOR THE
31ST DECEMBER, 1905. ASSETS.
uildings, as per
works at North
12
..$ 70,000.00
180,892.45
COMPANY, LIMITED.
The report of the directors for the year 1905 is as follows :—
Annexed we have the pleasure to lay before shareholders the annual statement of accounts made up to the 31st December, 1905.
The net profit, including the balance brought which it is proposed to appropriate as forward from last year amounts to £96,813.29,
follows:-
To place to reserve fund
***
$1,000.00 To pay a dividend of 18 per cent. 90,000.00 To carry forward to the credit of
next year's account...
5,813 29 The result is not as good as that of the previous year's work owing to a falling off in the demand locally and to the continued high price of Manila Hemp.
Consulting Committee.-In accordance with the Articles of Association Messrs. A. J. Raymond, D. E, Brown, H. P. White and Dr.
ACCOUNTS.
The profit on working account amounted to $58.202.45 as compared with $89,326.25 for the corresponding period of 1904, being a decrease of $31,1:3.80.
The profit and loss account, including the sum of $10,126.40 brought forward from 30th
sbows & June, 1905,
credit balance of $65,249.40, which the directors recommend should be apportioned as follows:- To pay a dividend of 8 per cent. for
the half-year
To transfer to repairs and renewals
acoount
***
To write off from value of electrio
plant...
To carry forward to new account
BUSINESS.
$48,000.00
10,000.00
6,629,51 619.89
$65,249.40
Bar custom shows a heavy falling off, and is solely responsible for the decrease in receipts. Other sources of revenue bave been well main, tained.
HOTEL MANSIONS,
This building was completed on 16th August,
1905.
DIRECTORS.
Mr. W. H. Fotts retires by rotation, but offers himself for re-election.
(
A