Bouth Australia
per cent, inscribed.
-stock of 1884
Queensland 4 per and cent. debenture
51,654.82
bonds * 49,949,24 Chinese government -5 per cent, customs
loan Leasehold property,
***
70,270.05
78 Cornhill ... 234,583.24
Australasian branches :- Cash in hand, in course
of
collection, and on fixed deposit
Shanghai branch :-
Cash in hand, in course of
collection, and on fixed deposit
Yokohama branch :~-
Cash in hand, in
course of collection,
and on fixed deposit $67,340.42 Imperial Japanese
exchequer bonds,
55,097.09
Interest acorned, but not yet
a
. 1905.
payable
Sundry leaseholds
branches Sundry debtors
**
...
P
Furniture at head office and
LIABILITIES,
***
Capital subscribed ...$2,000,000.00
Paid up $25 on 24,000 shares
Reserve fund ..
Reinsurance fund
Exchange fluctuation account
Investment fluctuation account
Underwriting suspense account Dividends outstanding ..
Sundry creditors
Balance of working account...
魔音骨
THE HONGKONG WEEKLY PRESS AND
By head office, branches and
agency charges...
The Board recommends that an interim | By agency commissions dividend of $30.00 per share be paid to share. holders out of interest, absorbing $300,000,00, and that a bonus of 20 per cent. be paid to contributors, absorbing about $275,000.00, and that the remainder be carried forward to be dealt with in April, 1907.
New issue of shares.-Since the 31st Decem- ber, 1905, the Society has obtained power to increase its capital by the oreation of 2,400 additional shares, to be issued, so far as shall 900,660.23 | be neo ssary for the purpose, to the share- holders of the China Traders' Insurance Com- pany, Limited, in exobange for their shares in 308,262.17 that Company. Nearly 2,000 of these new shares have already been issued and will rank pari passu with the old shares for the interim 156,539.85 | dividend recommended above.
To dividend thus paid on these new shares will be charged as part of the purchase price of the China Traders' shares taken in exchange for them, and not against the profits of the year 1905. Similarly say dividend which may be received from the China Traders' Insurance Company in respect of the year 1905 on the shares purchased by the Society will be credited against the purchase price of the shares.
DIRECTORS.
122,437.51
33,476.23 27,313.09 In accordance with clause 86 of the articles of association Mr. A. Forbes and Mr. H. W. 21,613.91 Blade retire, but offer them.elves for re-election. 78,244.87
AUDITORS.
Messrs. W. Hatton Potts and A. R. Lowe $3,062,611,00 | retire, but offer themselves for re-slection.
8
H. W. SLADE,
Chairmar.
0.
600,000.00
950,000.00
242 692.85
BALANCE SHEET, ON THE 31ST december, 1905
Dr.
182,187.38 To capital 10,000 shares of $250 each=$2,500,600 upon which
66,293.67
*4*
up
274,151.50 $100 per share called and paid
45,468,89
***
...
Silver
$2,000,000.00 Sterling £40,000— 389,847.72
103,522.54 To reserve fund.— 598,294.17
83,062,611.00 WORKING ACCOUNT FOR THE EIGHT MONTHS ENDING 31st DECEMBER, 1905.
***
To lossses To obarges, survey fees, &o. To directors' and auditors' fees
C.
1,000,000.00
2,389,847.72
To unclaimed bonus and dividend 27,799.36 To exchange fluctuation account... 299,977.81 To investment fluctuation account 31,153.29 ...$336,145.0) To working account 1905, balance 2,792,271.70 156,779.54 To reinsurance fund, £118,380.5.5 1,153,844.66
To underwriting suspense 1,828.17 account 598,294.17 | To sundry oreditors
To bills payable $1,093,046.88
at head office and branches To balance
Total
***
By premia, less re-insurances, return premis and commis- sions By interest
By transfer fees
***
Total RESERVE FUND. To balance on 31st October,
1905
*
£58,410.9.4
Total Cr.
..$1,010,156,46 | By cash on current account at
82,567,20 Hongkong
323.22 By cash on deposit with banks in Hongkong, Shanghai and Singapore
1
.$1,093,046.88
..$ 950,000.00
By amount invested in mortgages, debentures and other securities in Hongkong, Shanghai and Singapore
569,279.66
318,133 20 15 317.65
$8,597,825.08
6.
58,022.29
2,940,613.82
8 950,030.00 || By amount invested in London, viz. :—-
Total
*
By Balance on 31st December
1905...
$ 950,000.00
Total
$ 950,000.00
Sterling exchange taken at 2/† per dollar
Deposited in
banks Other invest.
ments
£103,000. 0. 0
289,684 10. 1
£392,684.10. 1 3,8 7,178.92
THE UNION INSURANCE SOCIETY | By amount invested in Melbourne, vis. :---
OF CANTON, LIMITED.
The report for presentation to the share- holders at the thirty-third ordinary meeting to be held at the Society's offices at noon on Saturday, April 28th, says —
The Board has now to lay before the share. holders a balance sheet containing a summary of the property and liabilities of the Society on the 31st December, 1905, and a statement of the 1905 working account to the same date.
It has been found inconvenient to continue the_system hitherto adopted of closing the working account on the 30th June of the following year, and it is proposed not to aless the 1905 working account until the 31st December 1906.
• proposed to hold in s in April of each
lance at credit of work- Bit December, 1905, was `statement.
$2,798271,71
FUC
4%
Deposited in
banks Other invest-
ments
£ 2,000. 0.0
16,421. 8. 0
£ 18,421. 3. 0 By amount invested in Yokohama By amount at debit of branches
and agencies By sundry debtors By furniture and office leases
***
Total
་་་
By remuneration
for
(April 16, 1906.
$108,332299
426.08130
189
27,347.97
ending 31st December, 1905, to.. directors, committesTM and auditors
•
By losses and claims paid, By balance
Total
* 1,809,895,92
** 3,702 971-71 35,181,320.3
Sterling Exchange taken at 2s Off.
THE YANGTSZE INSURANCE ASSOCIATION, LIMITED,
We give the following further particulars from the report which reached us yesterday :
Working Account 1904 and Former Yeara, This account shows a credit balance of $323,346.48 against $238,190.62 on 31st Decem- ber, 1904,
The directors recommend the payment of a dividend to shareholders of 20 per cent, out of this account, and the transfer of $50,000 to the credit of reserve fund and $50,000 to the credit of R/Insurance fund. Dividend of 20% (=$12 per share) $ 96,000.00 50,000.00 To Reserve Fund
50,000.00 To Re-Insurance Fund
127,346.48 Balance Carried Forward
***
***
***
$323,346.48
Working Account, 1935.-The Net Premia earned during 1905, after deducting return Premia, R/Insurance Premia, etc., amount to $931,714.06 against $1,110,534.86 during 1934, and the account shows a balance at oredit of The directors recommend the $532,334.25. payment of a special dividend to shareholders of 5 per cent., $3 per share, which will absorb $24,000, to be paid out of interest earned during 1905, and to carry forward the balance which will amount to $508,334.25.
The dividends will be paid in" Tselă" at exchange 73. $15 per share at exchange 78 TL 10.95 per share,
Reserve fund. After orediting the fund with $50,000 as recommended above, the reserve fund will amount to $800,000.
Account This account now shows a balaños Exchange and Investment Fluctuation
of $15,527.93 at credit of same,
Sterling exchange has been taken at 2/10/ (the demand rate on 30th December, 1905), and the relative value between dollars and, "Taels at 73.
THE YANGTSZE WHARF AND
GODOWN CO., LTD.
!
At the annual general meeting of this 521,787.72 company on March 31st the Chairman said :—– I think we may congratulate ourselves on another very successful year, and our prospects, owing to the steady expansion of the steamer lines whose permanent support we are assured of, seem to be entirely satisfactory. Our buildings, pontoons, and lighters have, as usual, been kept in first-class repair and
the cost thereof has been charged to revenue, so that our reserve account bas not had to be drawn upon. If the accounts as before you should be passed, reserve account will them stand at Taels 80,000, or, may, 121 per cent. of our paid-up capital. In common with other wharves, we have suffered from last year's typhoon, but our damage has all been made good out of revenue, and I am glad to sy that the damage done to goods stored with us has 179,536.08 also been inconsiderable. As you will no 109,547.21 doubt already have heard, your directors have bought the land on which the Company has 769,151.74 hitherto been carrying on its business at what we 161,817.77 think is a reasonable figure, and in accordancs 30.169.53 with the articles of association they have availed themselves of their powers to creste $8,597,825.08 | debentures_bearing interest at 7-per cent, per annum and secured on the company's entire property to the extent of Tla,- 850,000, TL. 250,000 of which is to be issued at once. debentures, being an absolutely Arst-clas investment, have been offered to the 388,485.39 holders in the first place; whatever amon
11,000.92 latter do not care to take up kas
WORKING ACCOUNT, 1905. ON 31ST DECEMBER, 1905. To nett premium from 1st
January to 31st December, 1905 To interest
To exchange...
骨骨證
Total
...
***
...
$4,784,834.08
3
underwritten at par and free of commission.” It $5,164,320,39 ́ ́is my duty to state that difficulties have arisen
P
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