-220
(October 1, 1908.
THE HONGKONG WEEKLY PRESS AND Rear-Admiral, and you should congratulate | and Mr. A. Babington were invited to fill the that worthy officer on his well-merited pro-respective vacancies. The late Mr. C. H. Thomp | ward to the credit of next account.
The balance, I 793,908 will be carried for- motion. According to home papers Senhor son resigned his seat on leaving the Colony. The Alves Branco is retiring from the Service; if suoh the case be will be made a Vice-Admiral. | I understand that he prefers to remain in Maono.
THE NEW DIRECTOR OF THE P.W.D. Our new director of the Public Works Department will be Eenhor Miranda Guedes, at present in Angola. We trust that Br. Guedes will follow in the footsteps of his predecessor, Senhor Abren.
PIBACY AT KATAI.
Some time last week a gang of about sixty or seventy pirates went into a village at Katai, attacked the villagers, and looted property to the value of over $20,000. The pirates were armed and threatened to shoot any one who attempted to stop them. The police authorities here have been informed of the matter by the
Mandarin of that district,
CAPTURE OF A PIRATE CHIEF.
A famous pirate ohief, who has long been wanted by the Chinese authorities, has been caught by the Customs Guards at Chinaan. The man and some of his companions were captured in a sampan,
VICTIMS OF TYPHOON.
Three or four dozen corpses were picked up from different shores in and around Macao. They were probably victims of the late typhoon which swept over your Colony on the 18th instant. Among them there was a long bearded European dressed in Khaki. The body was decomposed. The authorities here had it coffined and buried.
A SOUFFLE.
A sensation was created here last Sunday afternoon on the Praya Grande near the Public Garden when Mr. Morgado, a notary public, whipped the prefect of the Seminary of St. Joseph, the Rev. Octavio Gonsalves, when the latter was accompanying the boys on their afternoon constitutional. The cause of this trouble was, I understand, the ill-treatment meted out to Mr. Morgado's son-in-law, who is a pupil in the Seminary, by the prefect. The case will, I hear, be made the subject of a lawsuit.
COMPANIES.
THE DOUGLAS STEAM-SHIP
COMPANY LIMITED.
The report for presentation to the share. holders at the twenty-third ordinary general meeting, to be held at the offices of the com. pany, on Saturday, September 29th, at noon,
reads :--
The General Managers have now to submit to the shareholders their report on the twenty- third year's working of the Company, ended 30th June, 1906.
|
After paying all running expenses, premis of Insurance, Remuneration to the Consulting Committee and Auditors' fees, the amount at credit of profit and loss account is $61,809.45, which with the consent of shareholders it is proposed to appropriate as follows : -
"To pay a dividend of 5 per cent, on the capital of the Company, absorbing $50,000 and to write off the balance of $11,809.45 from the value of the Company's properties on June 80th last."
The meagre result of the year's working, is attributed to the general dullness of trade, keen competition, and consequent low rates of freight, but chiefly to the inordinately high price of fuel during the period under review, which has been a serious factor against prof. able working of the steamers.
The Company's steamers have been main. tained in their usual state of efficiency; and are in first class order.
An accident to the Tail shaft and Stern tube of the Haimu» in March last, entailed extra dooking expenses, and an enforced with- drawal from the line at a time when her services were badly needed.
The amounts as Freights due and Accounts Receivable have since been collected.
CONSULTING COMMITTEE.
Since last Geneneral Meeting, Mr. C. W. Dickson and Mr. Robert Shewan resigned their nents on the Board and the Hon. W. J. Grosson
Committee now consista of Mr. A. Babington, the Hon. Mr. W. J. Gresson and Mr. A. G. Wood, who retire in terms of the articles of
ssociation but being eligible offer themselves Capital paid up for re-election.
AUDITORS,
The present accounts have been audited by Messrs. W. H. Potts and A. R. Lowe, who retire but offer themselves for re-election.
DOUGLAS LAPBAIK & Co
General Managers. BALANCE SHEET FOR THE YEAR ENDED 30TH JUNE,
1906. LIABILITIES.
Capital Account :-
20,000 shares at 850 ....... Reserve fund Underwriting account of the company Sundry accounts payable Unpaid dividends Unpaid bonus
Profit and loss Account
Total.
ASSETS.
Value of the Co.'s steamers :- Haitan, Haiching and Haimun, as per last report
Less amount written off as resolved at last general meeting..
Value of buoys and moorings
st Swatow,
Amoy, Tamsui and Hongkong, as per last report Less amount written off as resolved at last general meeting
$725,000.00
$1,000,000,00
Reserve funds...
YUKI YAMAKAWA,
Chairman.
BALANCE SHEET. 80th June 1908. LIABILITIES.
Reserve for Doubtful Debta Reserve for Depreciation of Bank's Premises, Properties, Furniture, etc... Deposits (Current, Fixed, eta.)................... Bills Payable, Bills Re-discounted, Acceptances, and other sums due by the bank. Dividends unclaimed
Amount brought forward from last
Account
261,638.79 Net profit for the past half-year
93,562.43 46,455.03
376.50
61,809.45
At Bankers
$1,466,980 20
Yen.
21,000,000.000 12,100,000.000 89,895,600
202, 148.700 123,409,525.080
75,468,950.870 5,775.020
144 145
678,115.338 8,585,792.702
ASSETS.
Yen 235,835,443.810
Yen.
12,681,945,700
134.00 Cash account:-
In hand
15,628,652.780 £8,285,598.480 19,212,882.090 Bills discounted, Loans, Advance, &c. 89,315,676,610 Bills receivable and other sums due
Investments in public securities
to the bank
Bullion and foreign money
Bank's Premises, Properties,
40,000.00
$685,00UL.CO
Furniture, &c.,
* ནས བ་་་་**** ་་་་་་་
96,307,188.610
963,778.020
1,720,324.500
Yen 295,835,443.310
Yon.
PROFIT AND LOSS ACCOUNT,
To Current Expenses, Interests, &c.... 9,785,925.680
10 Dividend :-
sharesyen 720,000.000; and
40.772.05
To reserve fund
400,000,000
To special reserve fund
1,000,000.000
6,461.76
34,310429
540,000,00
16.001,04
54,000,00 71,520,03
Yen 8.000 per share for 120,000 old
1
Yen 3.750 per share for 120,000 new
shares yen 450,000.000
1,170,000,000
|
Yen
793,9€ 8.040
18,140,833.670
Yen.
678,115.338
Loans on Mortgage Hongkong and Shanghai Banking
Corporation (current account) Hongkong and Shanghai Banking Freights due on 30th June, 1906
Corpn. (fixed deposit)
Sundry accounts receivable from
agencies, &c. Coal a/c, stock in hand Cash in hand
Total.
2.92172 7,530:34
To balance carried forward to next
account
54,525:46 By balance brought forward 31st
December, 1905 By amount of gross profits for the
half-year ending 30th June, 1306... 12,471,718.332
Yen 13,149,88 1.670
$1,466,980,20
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED SUTH JUNE, 1906.
To dividend paid for year
ending 30th June, 1903 $70,000.00 To transfer to reserve fund To amount written off for
depreciation for year ending 30th June, 1905
To exchange account To auditors' fees
79,638.79
46,461.76 $196,100.55
To remuneration to consulting committee
for 12 months
To remuneration to general managers
for office expenses, for 12 months To balance
Total
By balance of profit and loss account,
30th June, 1905
By general interest account By interest on mortgage account By coal account
By proft on running the company's
steamers during the year
Total.
388.59 600.00
2,000,00
OSAKA SHOSEN KAISHA, LIMITED.
The profit and loss account and disposal of proff's for the half year ending 30th June, 1906, are as follows :-
PROFIT AND LOSS ACCOUNT. INCOME AND EXPENDITURE.
Yen. 2,178,447,857 621,845.580 215,568.026
10,000,00 Dr. 61,809,45 To ships' expenses
To business expenses.. $270,898,59 To taxes and lèvies.
To charter hire. $198,100:55 To lighterage
}
2,092.49 To office expenses 45,742.32 To interest paid
1,027,00 To sundry debtors and
creditors. 25,936.23
$270,898,59
THE YOKOHAMA SPECIE BANK,
LIMITED.
The 53rd report to the shareholders, presented on Sept. 10th, says:—
The Directors submit to you the annexed Statement of the Liabilities and Assets of the Bank, and Profit and Loss Account for the Half-year ending June 30th, 1906.
The Gross Profits of the Bank for the past Half-year, including Y 678,115 brought forward from last Accounts, amount to 13,149,833 of which Y 9,785,925 have been deducted for Current Expenses, Interests, &c., leaving a balance of Y 3,363,908.
To reserve fund for ships'
insurance To reserve fund for ships'
repaire
To depreciation fund
Yeu.
6 3,282.680
174,455.990
478,168.653
187,948.870
69.159.233
4,518,826.883
215,000,000
364,000,000 278,000,000
857,000,000
112,700.713
To net profit depreciation fand.
Cr.
By freight money By passage money. By lighterage By charter hire
By interest received.
Total Yen 5,488,327.602
By sundry debtors and creditors. By navigation subsidy. By mail subsidy..
Yen 2,676,125.090 1,294,925:100 820,389,620
112,270.56).
50,095,533
393,830.199
568,843.050
61.866.870
12,173.680
Total Yen 5,488,527.602
By navigation encouragement fund.......
PROPOSED DISPOSITION OF PROFIT. The Directors now propose that Y 400,000 (A SUBSEQUENTLY be added to the Reserve Fund, and Y 1,000,000
PASSED IN ESAZSHOLDER: MEETING). be appropriated to the Special Reserve Fund.
Yen.
Yen. From the remainder the Directors recommend a
989,700.719 dividend at the rate of twelve per cent., per sunum, which will absorb Y 73,000 on old shares and Y 450,000 on new shares, making a total of Y 1,170,000,
Proft for this term
Reserve fund for ships' insurance (slightly over 4 per cent. per annum for the actual value of all- steamers) 215,000.000
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