+
February 17, 1908.]
AUDITORS,
The necounts have been audited by Mr. H. U. Jeffries and Mr. H. Percy Smith, F.C. The Directors recommend Messrs. Jeffries and Percy mith for re-election.
II. P. WHITE, Chairman.
Hongkong. 12 h February. 198.
BALANCE SHEET 31ST DECEMBER, 1967.
19 7. Dec. 31 LIABILITIES.
To capital 50,000 shares of $511
each fully paid up,
$
$
2,500,60 400
To Admiralty
Loan,... £2,400, 0, 0
Less repay.
ments,... 19,146.14.10
€
853. 5. 2 at 1-9;
9,361.46
1:50,060.00 68.690,63 2,11,GP0.16
To Marin Insurance Account,
To No. 1 Dock Extension
Account.
To Sundry Creditora,
To Balance of Profit brought
forward from last Account. 191,589,56
To Profit for the half-year end.
ing December 31st, 1997, . 100,011.95
ARBETS.
052,192,51
$ 571.913.86
$
100,000.00
2,441,521,00
CHINA OVERLAND TRADE REPORT.
*
:
During the pist half-year the Chines - com- [ petition on the Mac10-Cant n Line was severe that your Directors considered it nece stry to withdraw the mail steamer Lungshau from the line, pending'other nerangements.
The usul Government suivey and overhaul of the steamers ་་
Kinshan, "Sui An" and Sai Tai," have been effected during the half- year and the flet is in go d running order.
**
1
Mr. Armin Haupt resigned his seat on the Board in consequence of his intended departure from the Colony and Mr. G. Friesland was nominated by the Directors to fill the vacancy subject to confirmation by the shareholde g at this meeting.
The retiringauditors Mesars. A. O'D. Gourdin and W. Hutton Potts offer thems Ives for re-election.
P. SHEWAN, Chairman, Hongkong, 31st January, 1908,
December 31st, 1977.
ASSETS.
2
• Heung Sai-Tai" and
Value of steamers "Honam."
han, Sui-An,"
"
**Lung-hau“ 5 sthe of ** Powan.** and Kin-han and 1 3rd of Sai-
nam,
Nanning," ** Lintan.
and Sanni
of Lighters “Sunloo" and ** Wo'on of Wharves, Hulks and Moorings
of Properties at Canton, Wi how and Kongkung
of Sparo Gear and Stores
of Furniture
C
4,60.00
AC 100
132,966 77
18000 79
1000
117
June 30th 1907.
By amount at credit
3 250,00,00
$354/00.00
SHANGHAI LAND INVESTMENT
COMPANY LIMITED.
the nineteenth annual meeting of shareholders The report of Directors for presentation at
to be held on February 19th reids sa follows: presenting their nineteenth annual report and statement of accounts the Direc tors congratulate the shareholders on the very satisfactory result attained during a year of general commerc al depression.
The working account for 1907 has a credit balance of Tix, 613,05154 as compared with Tlx. 346,617,53 for the previous year.
The amount at the credit of profit and loss acc aut, after deduating the interim civideod of 6 per cent paid in July last is Tis. 1,151,0971 which the Directors recomm nl for appropria- tion as follows:-
་་་
Fral divid. 16 per cent. (mak- ing 12 prent. for the year on fully paid up shares) Bonus of Tx. 2 per share ou : 780 #sharos
Transter to reserve fund, (p
mium on new issue of capital) 271983 Carry fo ward to new account
of Shares in Public Companies
of Chinese Bends
16,932.00
Loans on Mortgage
3 6,9 0
2,778, 95.00
Interest arerned
Sundry Debtors
20.510.87 23.08.46
1917. Dec. 31
Aberdeen.
By Value of Aberd-on Dorka. as per last Statement,
Kowloon.
By Value of Kowloon Docks as
per last Statement............. By Amount paid on account of
Boiler shop Extension and additions to Piunt,
No. 1 Dock Extension Account. By Aount paid as per last
S'atement,
By Amount expended during six months ist July to 31st December, 1907,
Cosmopolitan.
By Value of Cosmopolitan Dork. as per last Statement,...
By Value of Tug, Drodger 3,
Launches, Lighters an I
S S. Sorsogon
last Statement,
By Sundry Debtors.
By Value of Material ex; endod
on Work in progress,
By Value of Mater al on hand, 1,485,766,18
as pr
Insurance Prentia paid for year 198
Hongkong and Shinghai Banking Corpor.
ation Current Account
+
-
Tl3, 234,000 00
156,000,00
653,542 · 1
107.5 7.50
Tls. 1,151,099 71
New Issue of Cap tal-Th whole of the new shares authorised at an extraordinary gener 18.913.71, meeting held on the 27th April, 1906, has bươn
laken up and paid for in full.
21,850.31
33.035.77
23 5.9.3 SG
57 83078
December 1-t. 2007,
3-3,046.92
Amount of Capital. 80,900 shares of $15
each fn'ly paid up
1..0
0 4x1
at eredit
urance fund
250, (1404
LEABULDO [F.
of depreciation and in-
at credit of equalization of divishend fund
340.2-4.-9
522 321.0
228.16185
at credit of investment Recent
Unclaimed dividend-
1.713.921.03
Sundry creditors
$ 5,571.98.56
REVENUE ACCOUNT.
19 7. Dec. 31
To Amount paid during six
months reconstructing Caisson, No. 2 Dark,
To Interest.
To Crown Rent,
To Fire Insurance.
To Office Expenses, Salari -2.
Stationery nud Rent of
Head Office,
To Telegrains,
+
To Legal Expenses.
To arine Insurance Acevant.
To Profit ....
1507. July 1 to Dec. 31
By net earnings.
12.198.30
36, 1888
1. 7.5
3.268 70
fluctuation
Amant at øredit of profit and loss. Á e
PROFIT AND LOSS ACCOUNT, December 31-1, 1907.
To amount paid for repairs to steuners To mount and for repairs to Campuny
Wharves at Macno
To dire tors and aditors' fees
To donation« to Chinese procession funds
Hongkong and Macao
Fos labiner to be aputopointed, siz To dividend of $15 per shure
+91 80,000 <Irures
To be written off book value
of teamer-
To be written, off book value
of properties
28,739.81
1.17176
SP ga
SPP, 00 Ca
6.2 0.00 169,411.05
35,000.
$74.3-27
1**
$
27-59-425
Tu be written of ba k va u
-f wharves
#06:00
$ 273 500 25
25.000
2,00 118
16.07.01
THE HONGKONG, CANTON AND MACAO STEAMBOAT CO., LD.
The report of the bad of directors to the ordinary half-yearly meeting of shareholders to be held at the office of the company Tuesday, February 25th, reads: —
On
The Directors beg to submit to the Shire- holders the Report and Statement of Accou la for the half-year ending 31st December last,
After paying running expenses, salaries, premis of insurance, repairs and all other charges, there remains including 87,11.59 brenght forward from last account, the sum of $190 087.01 at credit of Profit and Loss Account. From this amount the Directors recomm nd that a dividend for the half-year of in dollar and twenty five cents per share or $100,000 he paid to shareholders, $25,000 be written off book value of steamers, 31,630) be written off book value of prorer is 82; 0) be written of book value of wharves, £25,0M be transferred to Depreciation and Insurance Fand, $20,000 to account Special Repairs Fund," leaving a balance of $ 6,437.01 to b. carried forward to new account.
To be carried to depreciatin
an insurance fun i To be carried forward to
special repairs tund
To be carried forward to new
account
December 1st, 19 7.
ly amunt bought forward from last
201
By net earnings of steamAL CAPAC By jute est on investments By transfer fees
To balance
Ty amount at eredit
DEP. ECLATION AND INSURANCE
December 31st, 197.
ミ * .
27.04.001
75.179.85 1.428.00
1987.01
C.
23,6.971
1.250.00
3. 00.00-
All the Company's properties have be a kept in a good and substantial state of repair and the policy of executing permanent improvements has been again followed but without increase to working expenses,
Insurance and taxes are increased in proportion to the growth of the Company's estate. There have been practically no empty houses during the year, every es ate bringing in a full rental.
The differences in the figues of the e pital are due to interest on andeveloped la d with the folowing exceptions !—
accouut
Wild E-ta'e No. 1. -Ca-astral Lois 1063 and 1000 bave been sold and the profit carried to profit and loss ace unt. A further block- of buildings is in curso of construction on the North So chow Road.
Jinke Estate No. 6.—The completion of the 3,000.00 buildings in Jinkee Road, and the commence. ment of two blocks on Cadastral Lots 20 and 27. Hongkow troek Estate No. 8.-Compla.ioa of the development with Chinese houses 70 more Chinese shops have to be built to complete the estate.
19 2 $7.001
X
7.1159
$2212 56.75
PUND.
C
$550,000.00
June 0th, 19 7.
ミ
2000,
$50,000+
EQUALIZATION OF DIVIDEND FUND December 11, 2007
$
C
$250,000.00
To balance
Kiaugs R ad Estate No. 12.—This Estate has been sold and the Profit carried to the P. & ! L. account.
Pashan Estate No. 13.— Additional land bas been purchased and part of the land has been raised.
Ferry Road Estate.--One more building Lot has been sold and the proft carried to P. & L. Acc uut, only one Lot of 51⁄2 mow now rem uns
to be sold.
Great Western Rod - -Three Lambor hous s have ben built and another is under ocas ruo tion. All are leased at sati-factory rente,
Jessfield Rd Estate No. 20.—Additional land has been purchased to square off `be Es ate. Jessfield Rd state No. 21.-The exlate has been cousiderably added to by purchase Of adjoining land,
Yates Read cistito No, 22.—The development of this estate has been o implete-1 and nine of the twe re for-iga houses are already leased.
The folowing properties have been acquired during the year:
Sym u Rad Fatale N. 23-Area 21 now and consisting of B. C. Lots 3545, 3546, 3579 & 3 17.
Chussu Road Estat · Noj 24. - Ares 184 mow cousints of Cadas ral Lot #8 E.
Babbling Well Bond ES at- Ne, 25 A rea 12 mow, consists of Cadastral · of 2811.
Zing Pang E-t t« Ny 26 —Area 40 mow consists of B C. Lot 5.03
Road No. 41, Estate No. 27 -Area 4 mow consists of Cadastral L : 2690.