w
August 6, 1902.]
By unexpired portion of insurance
policies
By Aundry debtors
By cash with Bankers
By cash in hands of general managers
CHINA OVERLAND TRADE REPORT.
The retiring Auditors, Messrs. " A. Q[D. 319.79 Gourdin and W. H. Potts, also offer themselves 24,469.23 for re-election. 22,599.93
ASSETS.
193.79 | Value of steamers Honam, Powan,
$91,058 14 PROFIT AND Loss Account, 31st May, 19.6. ots. To trade expenses, salaries, commis- $
sions, launch working, reut, adver- tising and travelling expenses
To auditor's fee
To dep eciation for year ending 31st
May
To balanco carried to new account
By balance from last ac ount
By profit on sales...
By transfer fees
By interest
.་
63,530.28 100.09
Heungshan, Lungshan ŝths of Fatshan and Kinshan and 3rd of Suinam, Nanning, Lintan, Sanui and Tak Hing Value of lighters Sunice and Wolee Value of wharves, hulks and
moorings...
942,800.00 8,00.00
73,600.00
652.16 13,672.1
Value of properties at Canton,
Wuchow and Kongkun
$77,954.55
$ cts.
$21 41
77,115.85 400
Loans on mortgage Interest acorned Premia
4
on
marine
283.29
unexpired
Sundry debtors
DODWELL & Co., LTD.,
General Managers.
HONGKONG, CANTON AND MACAO STEAMBOAT COMPANY, LIMITED.
The report of the board of directors to the o dinary half-yearly meeting of shareholders to be held at the office of the company, on Tuesday, the 14th August, 1906, at 12 o'clock noon, is as follow: Tue directors beg to submit to the shareholders the report and statement of Becounts for the half-year ending 30th June last. After paying running expenses, salaries, premia of insurance, repairs and all other out goings, there remains, including $24,081.93 brought forward from last account, the sum of $85,464.97 at credit of profit and loss account. From this amount the directors recommend that a dividend for the half-year of one dollar per share, or 880,000, be paid to shareholders, leaving a balance of $5,464.97 to be carried forward to new account.
During the half-year all the Company's steamers and those jointly owned, were docked for repairs and general overhaul at a cost of $60,905.77. Extraordinary repairs were effected on the Fatshan of s new rudder, and the sheathing of the main deck with teak. The Honam had her main deck sheatbed with pine and several shell plates were renewed. Part of the boiler of the Lungshan had to be renewed. The total cost of these extraordinary repairs amounts to $27,00) and your directors have decid-d that $15,000 of this sum shall be carried forward to the next half-y
During the current half-year only the Heungshon will have to be docked for her annual survey in ordinary.
.year.
The whole fleet is now in first class condi- tion, the electric plants put into order and electric fans fitted in the passenger staterooms of our Canton and Macao steamers. This
Value of spare gear and stores
Value of furniture...
Value of sbare in public bonds Value of Chinese bonds
policies
Repairs to steamers special account
Total
LI BILITIES.
Amount of capital, 80,00 shares of $15 each fully paid up Amount at credit of depreciation
and insurance fund Amount at credit of equilization
of dividend found Amount at credit of investment
fluctuation acconat Unclaimed dividends Sundry creditors Hongkong and Shanghai Banking Corporation, current account Amount at credit of profit and loss
acount
CHINESE PIRATES.
‘SAINAM" ASSAILANTS LEAVE THE COUNTRY.
(FROM OUR Canton CORRESPONDENT.)
The notorious pirate who has for long terrorised the Saa-ning people, who was and captured at Hanghom, Hongkong, extradited a few days ago, lost his head on July 81st at the Canton execution ground.
The American Consul has informed the authorities that on July 30th a bullet passed ` 134,393.77 | through Teacher Wen's room at the Ling-nam 14,888.00 || Mission School. Other shots were heard, but 750.00 no one ajen. Twenty braves now guard the 596,910.00 school.
1,084 48 516,00 1,0 2,259.77
10,303.42 30,229,33 15,000.00
A large oil-mill in Chek-nai was recently pirated. The desperadoes, finding no money, took the master of the shop away, together with his account books, and held him a priso"è: où one of the forest-clad bills in the neighbourhɔod. “ They demanded a ransom of $3,000. The matter was being negotiated, when tigers settled · the affair. It appears that tigers are numerous in that district and two of them having come near the pirates' dea the four men who were guarding the prisoners took to their heels. The oil-mill proprietor took the opportunity of running on his own account, 600,000.00 and managed to reach a neighbouring village, whence he easily regained his home. He forgot 250,000.00 to bring away his books.
82,346.169.77
0.
1,200,000.00
144 386.63 5.676.00 25,235 91 35,406.26
85,461.97
... $2,346,169.77!
Total PROFIT AND LOSS ACCOUNT. Dr.
To amount paid for repairs to
steamers
To directors and auditors' fees Balance to be appropriated, viz. :
Dividend of $1 per
share on 80,000shares $80,000.00 To be carried forward
to new account
Total
Cr.
5,464,97
By amount brought forward from
last account
***
By earnings of ste 'mers. By interest on investments By transfer fees
C.
45,905.77 4750.00
83,464.67
$136, 20.74
$138.120.74
Total
DEPRECIATION AD INSURANCE FOND. Dr.
$
great couvenience is very much appreciated by To balance ... the travelling public in the bot weather.
Severe competition on all the lines operated
by the Company, adverse conditions of trade by
exceptionally low rates and constantly increasing By balance. loss by exchange in subsidiary currency, all tend to cause your Directors serious considera- tion.
Cr.
I gather from reliable sources that mɔst of the pirates of the Sainam affair have escaped abroad to Singapore or other place, and that out of the forty odd man arrested, only three or four actually took part in the orime. All the other prisoners are baudits who, although not concerned in this case, have mors than one crime to atone for. The prisoners are now being tried one by one.
CHINA'S IMPORTS ANALYSED. --
Dealing with the Customs report otherwise reviewed in to-day's leader, the N.~(). Daily News has the following:-
The review of the importations of opium provides an interesting, study. Daring 1905 the valus of Benares, opium imported from foreign countries was TIs, 6,6 6,332 and of this amount opium to the value of Tis. 69,240 was re-exported. Hoogkong contributed 10,427 picals (valued Tis. 6,029,252) and the remainder was divided between Singapore, the Straits and British India. The net import of Benares 2480.93 opium from foreign countries direct showed an 70819.48 increas3 on 1904 of 1,695 picals, and nearly 1,000 41161.33 piculs more than in either of the three 59.00 previous years. The largest quantities of this opiam were consumed in the Shanghai Amoy (2,551 fiouls), district (5,129 piouls), and Canton (1,599 piouls). The net import of Malwa opium was 15,965 piculs, valuə 12,899,986, from Hongkong, the Tls. Straits and British India, this amount being less than in any of the three previous years and 6,125 piouls less than in 1904. The opium was 600,000.00 | shared much more evenly by the various customs districts. Of Patna opium 22,928 piculs, $600,000.00 | value Tls. 13,743,796, were imported—an
1904, over
falling off was shown, of nearly 3,000 pioub. 250,000.00 The net consumption of this class of opium in the Shanghai district was 7,606 piculs and Can- 8 50,000.00 ton 7,842, Lapps being next in the list - with 1,782 piculs. Of the other varieties of the drag 250,000.00 1.690 piculs, value Tis. 889,147, were import- ed-a considerable decrease-a small quantity $250,003,00 | coming from Japan. The bulk of this opium
went to Foochow and Amoy.
60,001.00
$600,00 2.00
EQUALIZATION OF DIVIDEND FUND. Dr.
$
To balance ...
The working of the West River Service continues to be very unprofitable, especially the Hongkong Kongmoon line, and as a conse quence your Directors recently decided, together with the other Joint Companies, to withdraw the steamer Tak Hing, thus abandoning this By balance ...
line.
Judicious economies have been offe.ted with- out impairing the efficiency of the service, and we hope by this means to counterbalance to some extent the increasing expenses that burden the Company.
The Hon. R. Shewan resigned his seat at the Foard in consequence of his departure from the Colony and Mr. A. Babington was nominated by the Directors to fill the vacancy subject to confirmation by the Shareholders at this Meeting.
Mr. F. Salinger also resigned his seat at the Board in consequence of leaving the Colony.
In accordance with the Articles of Associa- Messrs. F. A. Gomes and W. A. C. Cruickshank
retire from the Board by rotation, but being eligible, offer themselver for re-election.
-
Cr.
A SHANGHAI SENSATION.
POLICE RAID ON TEA-HOUSES
•
The Shanghai Municipal Council lately sanctioned a proclamation by the Magistrate of the Mixed Court forbidding the employment in tea-houses of girls under sixteen years of age. On July 30th the police raided some of the tea-houses in Foochow Road, and caused considerable excitement. The principal tea- houses closed by way of protest.
Several children rescued [from this undesir- able employment] were dealt with at the Mixed Court.
increase
when
1
All descriptions of piece-goods were in a much increased demand, Shanghai, Tientsio, Hankow and Swatow receiving the bulk of these goods, while of some descriptions New- chwang imported large quantities. Silk piece- goods and mixtures showed a falling of in quantity from 223.810 catties (value Tis. 1,238,106) to 243,447 pieces (value Tis. 1,167,261). The quantity of metal and metal Was, in most Cases, goods imported largely in excess of previous years; whil the value of books imported steadily in creases. The value of carriages, bioyoles, eto. received from England was Tis: 111,002 out of a total of Tis. 221,581, and: twö
1