Stock, furniture, lease,
etc., Canton
Stock, furniture, lease.
etc., Shanghai
Trade
Sundries
Memo:-(Claim $4 387.75
against building con-
April 2, 1906.]
accounts of the Company for the year ended the 31st December, 1905.
PROFIT AND LOSS ACCOUNT.
The result for the year on the trading show- profit of $8,408.77, which, added to the balance of the amount brought forward from 1904, $7,241.17; the sum previously at credit of equalization of dividend fund, $4,802.57; and the surplus of subirents received over Crown rent and taxes paid, 8527, makes a total of $20,979.51,
necessary
This your general mɩusgers finl fo allocate to meet interest on mortgage and losus, $4,132.91; depreciation, 86,386.72; bad and doubtful debts, $7 789.86; and the balance, $2,670,02, as a reserve against unforeseen losses on debts carried forward as good,
↓
AUDITORS,
The accounts have been audited by Meesrs.
Lowe & Bingham and Mr. W. B. Potis.
CHAN A FOOK.
G. A. W. TKINS.
臭
General Managers.
PROFIT AND LOSS ACCOUNT FOR THE YEAR
ENDID 31ST DECEMBER, 1905.
CHIÑA OVERLAND TRADE REPORT,
As per balance sheet
31st December, 1904 $15,644.92 Less depreciation at 15
per cent.
Additions 1905 Aerated Water Plant :-
As per balance sheet 31st December, 1904 Additions, 1905
|
Stock on hand :-
2,346.72
$13,298.20
At general managers' valuation... Branch balances :-
Debtors:-
BALANCE SHEET. Liabilities.
Capital 50,000 shares at $10 each... $504,000,00
Sundry creditors
143,258.75
Company's bankers
80,16127
Balance of profit and loss account...
31,219 89
:
117.20 13,415 40
Assets
$754,637.91
Kowloon
5,000,00 106.90
Land
33,735.18
5,106.90
Buildings and machinery.$141,733.31 Since expended
72214
63,761.65
142,455.45
Less depreciation
2,455.45
140,000.00
$5,552.81
Furniture
287.00
Since expended
98.50
1,964,00
385.50
7,516.81 Eines
38,195.14
Since expended
11,435.37
$29,870.22 4,879 50
48,630.51
Materials, stores, fuel, &c., in stock
*
valued at
37,163.33
Canton
To mortgage interest: 12
Instalments at $140 for
1905
tractor not included)
34,749.72
Buildings dod machinery 214,547.47
Unexpired fire insurance and licences
1,036.67
Since expended
70,392,43
$1,680.00
Cash :-
overdraft.
To interest on loans and
Depreciation:-
In hand
$1,054.46
284,939.90
2,452.91
With H.K. and -hang-
Less depreciation
4,939.90
Shop fittings and furniture
hai Banking Corpor- ation...
280,000,00
45.10
Furniture ..
402.68
at 15 per cent
..$2,346.72
1,099.56 Lines
73.123.14
Building
depreciation
Since expended
24.646.13
reserve transfer
$4,040.00
$ 53,595,95
97,774.27
6,396.72 7,789.86
Materials, stores, fuel, &c, in stock
valued at
35,851.75
...
***
480.40 52,652.19
To bad debts written of To reserve for doubtful debts
By gross profit on trading By balance brought forward
31st December, 1901 Less adjustments in 1905, relating to previous years' accounts
By transfer of equalization
of dividend fund
By rents receivable
Lras rents and Taxes
paid
$12.601.82
2,670.02 THE CHINA LIGHT AND POWER
$20,979.51 $8,408.77
5,963,65 7,241,17
4,802.57
$3.230.00
2.703.00 52760
$20,979.54 BALANCE SHEET AT 31ST DECEMBER, 1995. LIABILITIEŁ,
Carital:-
10,000 shares of $10 each,
fully paid
Creditors :--
Loan (secured by mort-
...11,000.00 3,701.01
Building depreciation
reserve account as at
3,081.: 5 305.60
COMPANY, LIMITED.
The report for presentation to the share- holders at the fifth ordinary general meeting to be held at the offi a of the general managers, on Saturday, 7th April, at 11.49 a.m., reads:-
Annexed we are the pleasure to lay before shareholders a statement of accounts for the year ending 28th February, 1906.
The gross profit amonuts to 868,081,09, and the net profit, including the amonut brought forward from last year, and allowing for de reciation and payment of interest and other charges, amounts to $31.219.89, which it is proposed to appropriate as follows, viz. :—
To pay a dividend of 6 per cent. $30,0 0.00 To carry forward to next year's
account
1,219.89
These figures show an improvement on those of last year, but the result would have been 00, 00.00 much better hd it not been for the high price of coal and the adverse effect of the boycutt at Canton, which for some considerable time during
to was mistakenly applied
this
Proportion of premis on current fire
policies...
Sundry debtors Cash in hand
7,562.10
$754,637.91
CAMPBELL, MOORE AND CO., LTD.
The twentieth ordinary meeting of share- holders in Campbell, Moore and Company, Limited, was held on March 31st at the Com pany's office, 12 Queen's Road, Mr. J. W. Osborne presided, and there were present.- Messrs. I. P. Madar, A. O'D. Gourdin, G. Murray Bain, W. E. Clarke, V. P. Musso di Peralta, O. U. Arcalli, M. A. A. de Souza (secretary), and Miss Bishop.
The Secretary having read the notice con- vening the meeting,
The CHAIRMAN said-Lady and gentlemen, think we will follow the old custom and take the report and acconuts as read. The report bass.ated nearly everything that can possibly be said, Our business like others has felt the depression during the year and you will find that the rent for our premises has been increas- In recordance with the articles of associationed by 60 per cent. The directors, however, feel Sir Paul Chater, C.M.G., Dr. J. W. Noble, and H. P. White, Erq., retire, but offer themselves for re-election.
CONSULTING COMMITTRE,
AUDITORS.
The accounts have been audited by Messrs. W. H. Potts, and A. O'D. Gourdip, who are recommended for re-election.
gage on building)
Loans payable
the year cou pany.
Trade creditors :-
Acceptances
... 11,025 12
Open accounts
Unclaimed divi lends
Russo-Chinese
Bank
overdraft
Sundries
2,443.11 6,220.35
37,925.93
31st December, 1904. 8,960.00
·Add transfer from profit
and loss account 1995, 4.040.00
Reserve for doubtful deta
13,000.00 2,670,02
-$153,595.95
Consulting Committee's fes
ASSETS.
Exchange
c. Interest...
! General charges
Building
31st December, 1906,
$24 00.00-
SHEWAN TOMES & CO.
General Managers.
STATEMENT OF ACCOUNTS for the YEAR ENDING 28TH FEBRUARY, 1906. PROFIT AND LOSS ACCOUNT. Auditors' fees
Amount written off as depreciation
|
pleased that they are able to recommend the usual dividend of 30 per cent. Business so far this year has been such as to lead us to hope that we shall be able to do as well as in other years. I shall be glad to answer any questions before moving the adoption of the report and accounts.
There being no questions, the CHAIRMAN moved, and Mr. MURBAY BAIN seconded, the adoption of the report, which was agreed to.
CAPTAIN CLARKE moved, and Mr. MADAR seconded, the 1e-election of Mr. A. "O'D. Gourdin as anditor. This was declared carried.
The CHAIRMAN:-That concludes the busi ness before the meeting, gentlemen. Thank you for your attendance. Dividend warrants will be ready on Monday.
The report stites:-
Gentlemen, The directors have the pleasure to lay before you the accounts for the twelve months ending 31st December, 1905, showing a crédit balance of $6,573.17, which, with your approval, your directors propose to deal with as follows
.$
200.00 1,500 00 2,265.87 22.218.80 3,281.18
for 1906
Balance ...
7,595.35 31,219.89
$68,081.09
Balance from last year
..$26,896.12
Less underwriting commis-
1,115 63.
26,909.24
sion and brokerage on 20,000 new shares
To pay a dividend of 30 per cent. $3,600,00 600.00 To pay directors' fees ...
20,000.00
-$6.896.12 To place to reserve fund account Balance of Canton working account... 5,280.40 To carry forward to next year's Balance of Kowloon working account 10,904,57
To write off fixture and furniturs
accounts
276.10
1,600.00
account
1,097.07
$68,081,09
$6,579.17
1,793,61
(Crown lease expiring
continuing at month- ly tenaney)
Contract, 1903
Alterations and im.
provements 1905 Alterations in dispute
(not paid)...
(See reserve per contra)
Furniture and fittings:----
Cost to 31st Dec., 1904 $19,800.11 Less written off for de-
preciation to31/12/04_4,155.19
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