Page
desire to touch upon before olosing, and that is the loss we sustain, amounting to something like three per cent, on your capital, by depreciation of subsidiary coins, including British coius. The question has beeu referred to the Chamber of Commerce and their raply, which is not hopeful. has been published by the Press. The matter, however, will not be dropped, and whether a remedy be found in an iog ease of fares or otherwise will be decided later on.
If any shareholder wishes to ask a question, I shall be pleased to answer him.
There were no questions, and the CHAIRMAN proposed that the report and accounts presented be adopted and passed.
as
Mr. BAIN seconded and the proposition was agreed to unanimously.
Mr. HAUPT moved, and Mr. SMITH seconded, that the retiring director, eir C. P. Chater, be re-elected. Ca ried,
Mr. BAIN proposed the re-appointment of Mr. W. H. Potts as auditor.
Mr. HAUPT secouded, and the motion was carried,
The CHAIRMAN -Dividerd warrants can be had on application, gentlemen. That is all the business.
The report as presented read as follows :-- The Directors have the pleasure to submit to Shareholders their report, with a statement of accounts, for the year ending 30th April, 1 #06.
ACCOUNTS.
The nett earnings of the boat, after paying all working expenses, were $42,998.13 as against $56,692.45 last year, being a decrease of $13,694 82,
The amount at credit of Profit and Loss account after paying for repairs and placing $8,700.00 to credit of Insurance Fund, is 832,818.94, which, with the approval of Share. holders, it is proposed to appropriate as
follows.
Directors' and Auditor's fees Dividend of 15 per cent
Write off Boats
Carry forward to new account
܂
BUSINESS
$ 1,100,00 22,500.00
9 000.0
218.91
$32,818 94
Traffic receipts show a falling off compared with the previous year and there was a large increase in the cost of coal, the latter alone more than accounting for the decreased nett earnings.
DIRECTORS.
In accordance with the Articles of Associa- tion the Honourable Sir C. P. Chater, Kt., C.M.G. retires, but offers himself for re-election. Mr. A. J. Raymond having resigued, his plaos was taken by Mr. A. G. Wood.
AUDITOE.
Mr. W. H. Potts has andited the accounts now presented and offers himself for re-election.
C. P. CHATER,
Chairman. Balance SHEKT, 30TH APRIL, 1006. IABILITIES.
To capital.
10,000 shares at $10 $ G
each fully paid ap 100,000.00 10,000 shares at $10
each $5 paid up
To reserve fund...
To insurance fund
To unclaimed dividenda
To accounts payable
50,000.00
To directors' and anditor's fe.s To dividend
To balance of profit and loss account
ASSETS.
By value of boats as per
last account
Lens writt n off..
By accounts receivable
174,000.00 9,000.00
By Hongkong and Shanghai Bank By Hongkong and Shanghai Bank
No, 2 ́account
་་་
C.
THE HONGKONG WEEKLY PRESS AND
PROFIT AND ́LO88` ACCOUNT.
|
To repairs and alterations to bouts...... To insurance fund
To balance appropriated as follows:--
Directors and auditor's
fees
1,101.00 Dividend of 15 per cent. 22,500.00 Written off boats Carried to new account
By balance from last account By net earnings of boats... By interest... By scrip fees
9,000:00
218.94
|By nnclaimed dividends forfeited
To balance By balance from last account
INSURANCE FUND. To balance ...
[June 2, 1908. the Canton water-works. The land has been 8,299 88 assessed at Tls. 160 per now and the owners are 8,700.00 ¦ requested to present their title deeds and claim
the purchase money.
TO ENSURE ACCURACY, Yesterday the newly-appointed Nam Hol magistrate Yu-Yu-kwan received at his yamen the editors of the varions Cant n papers who bad responded to his invitation. Ten editors 32 818.94 appeared and were most cordially received. The Nam Hoi fold them that "Videroy 849 812.82 Shum, having noticed several untrue
por's relating to government affairs, 8 a. | requested the Ñam Hoi ́ to see the editors do 929.79 to prevent news of that kind being published in 42.998.13 | the fature, The Năm Hol told them that he 5,707.90 was entirely at their disposal reguriling 60.00 information and that they were at liberty 117.00 to telephone to him regarding the truth of statements that might be reported to them, and 849,812 82 | that if the enquiry could not be answered at once, he would do so it the earliest moment. This arrangement pleases both sides.
RESERVE FUND.
85,000.00 65,000.0)
32,957.90
$94,957.90
***
24,257.90 8,700.00
By balance from last account By profit and loss account
$32,957.90
HONGKONG VOLUNTEER RIFLE CLUB.
The annual meeting of members was held on the 28th May at the Volunteer Head quarters-Major Pritchard presiding.
The repo t, which was submitted, stated that the year which closed on the 31st March last was the first of the Club's existence, and as the Club was formed immediately after the Volan teer Corps prize meeting held in March, 1905, no prize meet ng under its auspices was held during the year now under review. Since the closing of these accounts a very successful meet- ing has been held. The Club started with a membership of 104, and now numbers only 94 members-several former members having resigned or been struck off the roll for noo- payment of subscriptions. Spoon competitions wers held on Saturday afternoons through out the year, but were, for the most par poorly steded. A trophy, presented by the old Hong kong Rifle Association, was shot for on the 29th November, 1905, and won by Lieut. Hayton, with a score of 88. Under the condi- tions the trophy has to be won three times. Under similar conditions & handicap onp presented from Club funds, and shot for eimalta seously with the trophy, was won by Gunner Coles, with a score of 70 plus 18-88 points. The Annual Interport Match was carried out by the Club and resulted in a win for Hongkong, with score of 9:3, against Shanghai's score of 889, Singapore's 800, and Penang's 794.
The accounts showed a balance on the right -8150,000.00 | side of 8146 70.
65,000,0 A committee was elected for the ensuing year, 32.957.90 of which Lieut, Northcote was the secretary. 32 50 The meeting voted $25 for the expensen of the 11,86 .17 next rifle meeting, and it was stated that several 1,500.00 donations to this fand had been received. It 32,500 00
was decided to have two quarterly meetings 218.94 | daring the winter, cups for competition to be
presented by the Club. 8:284 139.51 8. 0.
By Hongkong Hotel debentures By Hongkong and Kowloon Wharf and Godown Company, Limited, loan By cash in hand...
CANTON.
1HE RECEKT FIRE.
May 29 b.
165,000,00 It is reported that several dead bodies have 711.54 been discovered among the debris at the fire 27,825.47 which took placs on the 25th inst, in Lun Hing Street at the back of the I. M. Customs' 502,50 offices here. Nineteen houses were burat down, S0,000.00 | and but for a timely lull in the force of the wind terrible conflagration would have resulted.
66,000,00 100.00
THE WATER WORKS.
It is reported that 96 mow of land from Tang-Po to Sui-Pak will be required for the $284,139,51 | installation of the machinery and reservoirs of
THE RAILWAY FUND,
The amount collećtel to date (for railway shares) is returned as §9,370,926,
AMOY.
(FROM OUR CORRESPONDENT.)
May 23rd.
THE WRECK OF THE M. STRUVE, On behalf of the syndicate which purchased | the wreck of the German steamer M. Strube, wrecked some time ago on Ooksen Island, Mr. Wilks, of Hongkong, and Me J. D, Edwards, of the Amoy Engineering Coy., paid a five days' visit to the wreck and return d'yesterday. They found that the fishermen living in the vicinity had completely stripped the vessel of everything they could take away. The forecastle deoks ont completely off, windings, rails, ventilatörs, rigging and even the haws-pipes gone. The funnel has been cut on, from above the 'deck, and is not to be found in the vicinity. In the engine room the same condition of things prevail. In fact, to use Mr. Edwards' own words, A cleaner sweep was never made," If the fishermen had left the wreck as they found her an excellent profit might have been made by those interested, but as she now lies nothing can be done. This is the second wieck in this vicinity within the past two years which has been dismantled by native seafarois, Mėnsts, Butterfield & Swire's Hoangho, which was wrecked neur Chimmo eighteen months ago, was completely stripped in two days. Seafaring men at this port consider that the typhoon of yesterday must have completely finished what was left of the M. Struve.
|
THE TYPHOON.
ton.
moderate severity, visited us yesterday,
The first typhoon of the season, luckily of siderable damage was done to native shipping anchored off E Mong Kang, and many, houses in the city are now without roofs. Fair warning came from the South that the typhoon was travelling in our direction which enabled the large steamers anchored in the inner harbour to go out and obtain shelter under the Lam Tal Boo Mountains. The Custom House and all the foreign hongs were closed all day, owing to the Impossibility of crossing from Kalangsoo, (where all Europeans live) to Amoy. A large Soochow juuk, the Korg Gee, broke away from her moorings, auk brought up in the Dock Creek where hic How lies. 'I wo of her crow were drowned In attempting to sare
* sampin which 'brofe adrift after she went ashore. The lowest barometer reading was 29.42.
64
PLAQUE.
Bubon'o plague in raging at the up-country ports. At Choan-chin, 20 miles from Amoy, there have been very many death daily since the hot weather started, Special sacrifices are being offered at the large temples to the god of health” to have the pestilenos stayed. Many communities round about Amey kate been seriously thinned by this scourge. Khan, a town which few years it is said, boast of 10,000 inhabitan mere collection of raised mud population at about 2000.- have either died aff or left för surroundings. Amoy is not former years, but that is not to better of than Hongkong.
ufdring as in that it la