Yen 10,447,283,75
SHANGHAI AND HONGKEW WHARF CO., LD.
ANNUAL MEETING,
Auditors' fees.
Consulting Committee's feé
$ c.
Exchange (Loss on subsidiary coins) Interest
General Charges
17.270.54
Balance
4,799.01
Amount on hand
1,719.78
To Fixed Deposit-
Balance from last year
With Chartered Bank of 1. A. & China
5,500.00
Balance of Canton Working Account Palance of Kowloon Working Acesunt
April 15, 1907.)
hoped that we will do b-tter for the current year.
DIRECTOF 8,--Since the last General meeting Mr. J. W. Osborne has resigned his seat on the. Board and Mr. F. P. Musso bas joined the Board, Mr. Musso's appointment is submitted for the confirmation of shareholders.
The accounts have bean audited by Mr. A. O'D. GOURDIN, who offers himself for re- election.
A. F. ARCULLI, Chairman.
Hongkong, 10th April, 1907
BALANCE SHEET,
from 1st January to 31st December, 1906.
To Stock-
ASSETS
Vaine of Stock on hand..
To Accounts Receivable---
Dus from Customers
To Cash-
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CHINA OVERLAND TRADE REPORT.
Auditors---The accounts have been audited by Megars. A.O’D. Gourdin and F. › aitland, the latter having been asked to fill the vacancy caused by the absence of Mr. W. H Potts, on leave, Messrs, W. H. Potta and A. O' D. Gurdin are recommended for re-election.
Shewan Tomks & Co. General Managers, Statement of Accounts for the year ending 24th February 1907.
PROFIT AND LOSS ACCOUN P.
Bills receivable and other sums due to
the Bank Rullion and Foreign Money Bank's Premises, Properties, Furniture,
⭑e.
243
.121,844,798.37 806,688.60
1,948,028,48
Yen 277.796.581.39
PROFIT AND LOSS ACCOUNT. To Current Expenses, Interesta, do...... To Reserve Fund
To Special Reserve Fand To Dividend
yen 6.00 per Share for 120,000 old
sharesyen 720,000,00; and
7,496,141.51 350,000.00 500,000.00
1,260,000.00
9.11,147.24
Yen 10,447,288.75
Y. 793,908.04
yen 4.60 per Share for 120,000 new
Sharesyen 540,000,00
To Balance carried forward to next Ac-
count
By Balance brought forward 30th Jane,
1908
By Amount of Gross Profits for the half.
year ending 31st December, 1906 9,658,380.71
*
C.
200,00 1.500.00
7.743.69
18,025.81
7.157.92 46.459.10
$81.136.55
$
↑.
1.219.89
69.710.81
10,255,85
To Fixtures and Furnitures
To Insurance Account-
Unexpired Premium paid in advance
By Capital-
LIABILITIES.
359.90
1.196.55
14.67
BALANCE SHEET.
$
C
$ c.
$29,663.90 | Capital 50,000 Shares at $10.00 each
Sandry Creditors
500,00 300
348.970.10
Balance of Profit and Loss Account
46,459.10
1,200 shares paid up at $1 each
12,0:0,00
By Accounts Payable-
Due to Sundry Creditors
1,272.76
$896, 429,24
$
By Chartered Bank-
KOWLOON
In Current Account
6.77776
Land
By Reserve Fund
9,000.00
By Balance at Credit of Profit and Loss
651.38
Buildings and Mach nery
8140 000 1
Since expended
$29.663,90
Furniture
WORKING ACCOUNT.
$ c.
To Charges
Since expended
2.8:9.22
To Wages
10,899.00
Lines
385.50
19.50
18.030 51
To Reserva Fund--
As passed at Meeting 31st Mar., 1906 ...
1,000.00
Since expendent.
To Dividend-
30 per cent. passed at Meeting 31st Mar.
1906..
stock valued at
1,600,00
To Directors' Fees
CANTON
600.00
Land
To Fixtures and Furnitures
276.10
Buildings and Machinety
280 ̧· 00.00
To Auditor's Fees
300.00
To Rent
To Insurance
To Stationary
Since expented
4.7 $0.00
To Interest
To Bad Debta
To Balance
50.50
200 32 24.
Furniture
Since expended
#02,68 560,05
66.30 653.39
Lines
Since expended
$23,485.30
$ C.
By Balance brought forward from last
account
6.573.17
policies
By Interest
By Bad Debts
2. ། 3.4
Sundry Debtors
50.687.88
Cash in hand
By Sales and Shop Returns
$24 335,00
Less Cost of stock
5.649.54
19,683,55
By Transfer Fees
$25,485.36
RESERVE FUND.
To Balance 31st December, 19%
By Balance 31st December, 1905 By Added as per resolution passed 31st
March, 1906
CHINA LIGHT & POWER COMPANY, LIMITED.
$9.000.00
Material. Stores, Fuel &c. in
C
33.737.18
186 51 140,18 1,51
105.00
36,993 90
22.806 00
9.4.73
97 774.27 29,357.57 127,1:1 44
OUCA
The annual meeting of shareholders of this company was held at the Ewo offices, Shanghai, on March 28th. Mr. H. Keswick (Chairman) sa'd: The past year has b ́en a most successful one and we have to congratulate ourselves on more getting a bumper y sr. We have spent considerable sums of money in extending our gedown accommodation; iu keeping our 5,387.98 51,018,49 | godowns in repair; ou one wharvos; and in the general ap-koep of our property. At Hunt's Wharf we have put up three new three-storied g downs; at the Hongkow Wharf we have also put up two three-storied golowas and at the Ningpo Wharf we have completed, during the 87,533.01 367.83.01 past year, one two-storied godown and have converted two other old godowas, which were considered good enough in the old days for nanal storage, into more modern and mp-to date places of storage. We have had steam cranes put up in order to handle the heavy cargo and machinery which is now coming out from home in increasing quantities by the big ligers. On the whole, gontlemen, your property has been well looked after. You will see,
if you turn to the acconut, that although hat year we put a lakh to repairs account, we have expended that sam and some Tls. 15,000 more. The extra amonat spont was du“, to a certain extent, to the Hoogkow Wharf staging being found in bad condition. It is a very old wharf as you know and as we opened it up we found its condition Was worse than we had anticipated. The repairs were promptly tıken in band and the wharf haa "now" besa put all right; the greater part of the coat came from the ordinary Working Account and the balance from R piirs Account. Your property to-day is in a very good condition and when we have spent Tls, 24,000 more it will be in first- class condition from one and to the other. At
Materials. Stores, Faël &c. in stock
valued at
Proportion of premial on current Fire
57,258.73
12.58
4.219 35
KKD6, 429,201
YOKOHAMA SPECIE BANK, LIMITED.
The Gross Profils of the Bank for the past Shalf-year, including yen 793,908 brought forward from last account, ampant to yu 10,447,288, of which yen 7,436,141 have been deducted for Current Expenses, Interests, &c., leaving a balance of yen 3,011.147 for appropriation.
1,000 00
$9,600,00
The report for presentation to the share holders at the sixth ordinary general meeting to be held at the office of the general managers on Wednesday, April 17th at 11 o'clock a.m.. reads :-
Andered we have the pleasure to lay before shareholders a sfatement of accounts" for the year ending 28th February 1907.
The gross profit amounts to $79 966.66, and the net profit including the amount brought. forward from last year, and after payment of interest and other charges amounts to 846,459 10 which it is proposed be written off as deprecation.
The result is an improvement upon the previous year but our income at l'anton was seriously reduced by fires in the mouths of October and November which burat out a number of our customers, The high price of coal and the heavy loen in exchange on small coins in which most of our accounts are paid; have also adversely affected our profits.
Consulting Committee.—In accordance with the Articles of Association Sir Paul Chaler, C. M‚Œ... D ́. J. W. Noble, and Mr. H. P. Whi'e retire but offer themselves for re-election.
s
The firectors propose that yen 350,000 be added to the Reserve Fund, and yen 500,000 to the Special Reserve Fund. From the remainder the Directors recommend a Dividend at the rate of twelve per cent. per annam, which will absorb yen 72 1,000 op the old shares and yen 540,000 on the now shares, making a total of yen 1,260,000,
The Balance, yed 901,147, will be carried forward to the credit of next nervunt.
Capital paid ap
Reserve Fund
BALANCE SHEET.
LIABILITIES.
Reserve for Doubtful Dehte Reserve for Depreciation of Bank's Pro- mises, Properties, Furniture, eta .. Deposi (Current, Fised, etc.) Bills Payable, Bills Rediscounted, Ac- ceptances, and other sama due by the Bank... Dividends Unclaimed 24... Amount brought forward from last Ac-
count
....
Net Profit for the past half-year
Cash Account :
In tand
At Bankers
Y. 21,000,000.00 13,780,000.00 32.412.16
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Tangkidoo we have completed the wharfing; it now extends from boundary to boundary and there is now one almost continuous line of wharfing of the very best kind. The water is of sufficient depth for the largest ocean steamers and it is in evory way satisfactory. There have bea no slip, nor trouble of any kind in con- nection with the wharfing. I might mentiẩn that behind the Pootung wharf we have recently purchased some forty-two mow of land, which will give as na oblong block of property that can b developed very fully and which will enable us to bave storage accommodation at Pootang that will meet with the increasing demands of this 2.48.70 port. The purchase was made at a reasonable rute, vis. Tla, 1,300 per nice. The land in suitable in every way. It completes our other property and enabl-s as to develop it thoroughly. Turning to the accounts, jou will see that there is a very considerable increase in the balance on this year's working socount over last year. The former amount was Mis. 638,000 odd, while this year it is Tls. 784,364. Úf course we have had a very considerable incronos in our receipts, and our expenses also have increased largely. It is a well-known fact to all of you, gentlemen, that the price of labour 20,628,643,31 | and the price of everything in this port has gone up considerably during the year. "In spite
122,963,332.6
109,526,737.71
3.277.77
793,908.04 2,217, 39.20
Y 277,798,381.12 Y.
18,779,448.73 11,328.6773.619
30,3 7,736 42
Investments in Public Becurities Hills discounted, Losná, Ádvanose, &c. 101,195,645,14