'WILLIAM POWELL LIMFTED.
-The report for presentation to the share- Hölders, at the sixth ordinary general meeting on 12th October, reads :—-
The Directors beg to submit their report on the working of the Company for the year ending 30th June 1907.
The profit and loss account, including the sám of $182.06 brought forward from last sobount, has a credit balance of 84,940.97 from which has to be deducted Directors' and Auditor's fees, leaving $2,640.97 which your Directors propose to appropriate as foll ws :—
To write off stock
$1,500,00
To provide for bad and doubt-
fal debts...
To carry forward to next
account
THE HONGKONG WEEKLY PRESS AND
PROFIT AND LOSS ACCOUNT. For the year ended Blat July, 1907. July 31st, 1907.
Dr.
To directors and auditor's fees To repairs and renewals To written off :—
Buildings and property.. Furniture, machinery, and
stores
Share investments Steam launch
Bad and doubtful debts
Balance
Ang. 1st, 1906.
By balance from last year July 81st, 1907.
$8,996.49
1,978.58
6 721.59
1,000.00 1,718.97
Cr.
1,099.16
By dividends on shares and interest By scrip fees
By bad debts recovered....
By balance of working account
41.81
$2,640.97
Your Directors also propose to further write off stook the amount of 84,500.00 standing to the credit of equalisation of dividend account.
DIRECTORS.
Messrs. F. H. Hinds and G. C. Moxon, the retiring directors, being eligible, offer them- selves for re-election. -
AUDITOR.
The accounts have been audited by your auditor, Mr. H. Peroy Smith, Fellow of the Institute of Chartered Accountants, who is eligible and whom your Directors recommend | for re-election.
PROFIT AND LOSS ACCOUNT for the year ending 30th June, 1907.
[Guüß«k:Bç«19077
The Express Dowager than ordered their Excellencies, Prinos Ching and Grand Coun- $ 0.
cillor Yuan to read carefully all memorials, 2,700.00 4,909.10 and dispatches regarding the grant of a 100- stitution so that the best proposals from Viceroys and Governors may be selected for adoption. It is predicted that a definite date. will be fixed before the return of the...nowlg; appointed three Imperial Commissioners, Wang, Yü and Ts, who will shortly proceed to Eng- 20,397.63 land. Germany and Japan respectively to study 50,474.35 the Constituțional Governments of these thrie leading countries. The new constitution is to be $78,541.88 introducel at the end of the next five joirs,
counting from January 1, 1908.
0.
2,555,96
5,446.42
43.00 4.58 70,491.44
$78,541.88
BALANCE SHEET 31st July, 1907.
$ 0.
LIABILITIES.
Capital,-
25,000 shares at $7.50 each Less not called up $1.50 per share
$187,500 37.500
Unclaimed dividends Cattle reserve ..
150,000.00 202.00
Balance of profit and loss account...
Accounts payable
ASSETS.
Cattle
Buildings and property
Less written off
Dr.
$ c.
Te directors' and auditor's fees, .................................$ 2,300.00 To baianos,
2,640.97
Cr.
4,940 97
Share investment and mortgages
Less written off o/a shares
By balance from 30th Juns, 1906,
182.06
By dividend from investment,
272.46
Steam launch
Ry bad debts recovered, .
48.06
Leas written off
$48,989.49 8,988.49
Furniture, machinery and stores 10,975.58
Less written off
1,975.58
89,324.09 6,721.59
4,000,00 1,000,00
By transfer fees,
11.50 4,928.89
Cash at bank and in hand.
Accounts receivable
$ 4,840.97
Stocks on hand
$ 0.
.$150,000.00
balance of working account,
BALANCE SHEET 30th June, 1907.
~ LIABLLETJES.
To capital authorised and issued :-
15,000 shares at $10,
To sundry creditors,
To the Hongkong and Shanghai bank,
To unclaimed dividends,
To equalisation of dividend account,
To profit and loss socount,
By sundry debtors,
By Axtures and fittings,
By investment at cort,
ASSETS.
11,633.94
26,304,01
27.80 4,500.00 2,640.97
EMPRESS-DOWAGER'S TEARS.
CONCERN FOR CHINA.
The meeting held to discuss the racial feel- ing between Manchu and Chinese was resumed. on September 14th in the Lang yun yuans The result has now been drawn up and presente ed to the Throne for Imperial approval. It is believed that the proposals will be made publio by an Ediot shortly.
HONGKONG TRADEMARK LAW.
NEW BOOK,
Mr. C. D. Wilkinson, solicitór, is the author 50,000.00 of "a History of, and Treatise on, the Law in 23,107.94
Hongkong relating to Trade-marks,” just 50,474.35
published by Messrs. Kelly and Walsh Ltd. There are no less than 57 cases cited. At $273,874.29
present it appears the value of registration, $o.pending further legislation, is dubious, and the 60,470.49 author in this work makes clear the preenit position and rights of merchants and traders 40,000.00 possessing trade-marks. Roughly, the costs incidental to complete registration of a trade- mark may be put at one hundred dollars. The 9,000.00 first chapter deals luoldly with the Common Law bearing on the subject, and the relation of the local ordinances; the second treats of the 76,602,50
Trade-Marks Ordinance of 1898; the third notices the recent construction of the Chief 3,000.00 Justice, and the proposals for an amending 33,218.08 ordinance, with the general principles involved i 38,296.99 ....... 15,285.21 chapter four defines registrable trade-marka, and emphasises the importance of disclaimers; $273,874.29 Old Marks are the subject of the fifth; the period of registration is considered in the next short chapter; cancellation is the topic of the seventh, chapter eight reviews the effect of regis tration under the Home Act of 1905; the ninth chapter discusses action for infringement and An official of the Imperial Palace at Peking"passing off," with interesting comments on informed the Peking correspondent of the N.-C. $105,096.72 Daily News that, among the six Grand
$25,078.75
Councillors of State only Prince Ching and 10,818.22 H.E. Yuan Shih-kai were called up for the 2,450.00 special private audience in the Jeashon 1hrone Hall by the Empress Dowager on the morning 154,926.10 of September 12th. Suddenly while they were
1,797.85
consulting upon certain important affairs concerning the internal administration of $ 195,098,72 | China, to the utter amazement of the two high Ministers, Her Majesty burst into tears, declaring that the Chinese Empire was passing through such a dangercus time, with aggression from without and discord within, that she did not know what to do, nór which was the best soheme for the salva tion of China. Then Her Majesty said that during the course of the last few months she had received many memorials from high officials in regard to the promised adoption of a consti- tutional administration for Chins. Some of them prophesied that the Empire would become the scene of a great revolution, even bigger than the Taiping Rebellion if the constitution were really introduced; but others were of opinion that the country could only be cared from destraction or absorption by the Powers, by a constitution.
By stock on hand as per manager's certifi.
By eash in hand............................
By H. K. & S. Bank, dividend account,......
-$ 0.
THE DAIRY FARM COMPANY,
LIMITED.
27.80
The report for presentation to shareholders at the eleventh ordinary yearly meeting on Östabur 14th reads :---
The directors herewith present to the share- holder's a statement of the Company's accounts for the year ended 31st July, 1907.
The profit for the year, after writing off $20,897,68 for depreciation and bad debts, and providing for directors and auditor's fees
simonata to $50,474,35, from which it is pro- posed to pay a divideod of one dollar and thirty oɑntë për share, absorbing $32,500; to transfer, to cattle reserve $10,000; to typhoon and fire insurance fund $5,000; and carry forward $2.974.85.
Directors.Messrs. F. Maitland and E. H. Hinds retire by rotation but are eligible for
re-election.
Auditor-The annexed accounts have been añdited by Mr. H. Paroy Smith, F.CA, in ME W. Hutton Potts absence from the Colony, Mr. Pofts offers himself for re-election
this meeting.
FRANCIS MATELAND,
Suggestions are so conflicting that Her Majesty feels (the correspondent says) that she can only proveed by asking each councillor his separate opinion. Upon this, both Prince Ching and H. E. Yuan strongly advised Her Majesty to adopt the representative system of government as soon as preparations permit; adding that at such a critical moment Her Majesty should not listen to false counsel, but should exercise her own discretion in the administration of both internal and external affairs of State, for most of the officials who oppose réform are simply concerned with their own petral teatros,
local usage; chapter ten is about assignment and transmission of trade-marks; the eleventh discloses the needs, issues, ani possibilities of the proposed new Ordinance ; and chapter twelve goes back to the Merchandise Marks Ordionnos of 1869 and its forerunning Act of 1862
Texts of the various local ordinances, with schedules, and a carefully compiled index, ovcupý the remainder of the 122 pages.
FIRM CHINESE FOREIGN POLICY FORESHADOWED.
The Times oorrespondent at Shanghai wrote on Sept. 5:~-
The appointment of Yasn Shitai as President of the Foreign Ofice in successión. to La Hai-huan, who has been made, Associate Comptroller of Customs, will probably t augurate a firm policy in the handling of questions between China and foreign Powers
In view of Bir Robert Hart's intended depar tare for home Lu Hai-huan is favourable to appointment of Sir Robert Bredon, the Deputy Inspector General of Customs, to succeed.
On October 3rd Mr. Lau Chin-ting found dead hanging from the staironse în house in Caine Road. The previous day ke sent for a lawyer to draw up his will apparently having put his affairs in ord decided to commit suicide. Certainly been dead for some hours when his body discovered. It was known that depanand greatly worried ever since he took prec construction of the big river bridge at Oni He bequeathed thousands of dollars to members of his family; $1,040;000 to be divi into 27 shares, Two days previously he wont. to Canton for
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