S
May 25, 1908.]
Amount written
off for deprecia-
CHINA OVERLAND TRADE REPORT.
BALANCE SHEET 80TH ABRIL, 1908,
935
tion in May 1907 10,228.97
LIABILITIES.
$115,660,68
Added during1907 18,948.81
To Capital-
C.
22
Saigon
KOBE, May 14th.-There is no change in the market, Quotations are:-
Kangoon White, S.Q. ..Yen 5.70 | er picul.
1
Second
+
5.60
"
5,10
21
134,669.49
Steam Launch
"TaiTenk Fong"
10,000 shares at $10 each fully
paid up
100,000,00
Cargo Boat and
10,000 shares at $10 each $5
Water Boats...... $5,200.03
paid up
50,000.00
¿,200.03
To reserve fund
$302,350.82
150,000.00 65,000.00
Good Debts due from Customers
To in arance fund
47,221.37
209,699.97
To unclaimed dividenda
Sandry Debtors
*
27,394.15
Cash in hand..
Cash in Bank...
$16,246.05 5,885.13
To accounts payable
To directors and auditor's fees To dividend
Fire Insurance premia and
22,111.18 To balance of profits and loss account...
Licences
11,740.38
Section E. of Inland Ipt No.
19 and the Buildings thereon $60,000.00 Marine Lot No. 20 and the
Buildings thereon.............
ASSETS.
173,917.32
By value of boats as per last
account
617.0
9, 16 91 1,100.00
15,000.00
98.52
Stocks on the 16th April, 1908 605 1,855 April 30th, Imports per Delta
674 1,293
292
16
$288,453.80
30th May 4th
20
11
On Sung
418
200
-
T
+1
Kum Sung
260
225
C.
7th "11th 14th
**
Hakuta M...
25
+
5+
E. Simona
25
"
"
Delhi
2751 100 50
91
OPIUM.
HONGKONG.-Between the 30th ultimo and the 14th inst., the movements in the variou- Opium markets of Hongkong have been as follows:—
Malwa, Patna. Benares, Pers's.
Remaining Portion of Kowloon
Less written off
155,700.00 $8,700.00
Inland Lot No. 550 and the Fuildings thereon
27,500.00
By accounts receivable
147,000.10 3,313,08
Marine Lot No. 193
By Hongkong and Shanghai Bank
8,423.72
as per last so.
$17,707.00
Expended for Re-
By Hongkong and Shanghai Bank No. 2
account
617.00
clamation in 1907
9,004.00
By Hongkong Hotel debentures
30.0
26,711.00
San Jacinto Land and Build.
ings, Manila
29,872.74
by Hongkong & Kowloon Wharf Godown
Company, Limited, loan By cash in hand
99,000.00 100, 0
918,001.66
$288,453.80
$1,925,840.98
PROFIT AND LOSS.
PROFIT AND LOBS ACCOUNT.
To balance
$ 87,014.70
$87,014.79
0.
To ordinary repairs and alterations To insurance fund
$ 10,384.88 7,785.00
Less Exports to Shanghai
Exports to East and West Coast Ports including Local Consumption for the fortnight..
Estimated Stocks this day
1,1751 2,131 1,199 1,402
Bengal. The market has been steady and priced have advanced to $1,210 for Patna and $1,155 for
Benares.
Malwa. About 250 chests have changed hands at about last quotations. Market closes steady. Quotations are as follows:----
42
997 108
148 042 183 211
982 1,192 838 1,191
C.
2 years old
3/4
TI
Oldest
CONTRA.
To balance appropriated as follows Directors' and au litor's fees
$980
1,010/1,020 1.030/1,060
1100,00
$
0.
Dividend of 1 per cent...
150,00
By balance forward from 1976
By net profits, Hongkong, China &
Manila for 1907
5,482.67
Written off boats
8,700.00
Carried to new account..
99.52
81,532.12
$87,014.79
24,898.52
$43,068.10
Persian. Best drug is quoted at $885/890.
HONGKONG, May 25th.
Quotations are:-
Malwa New
$980
per pioul,
Malwa Old
$1.00
do.
0.
Malwa Older
$1:30 do,
By balance from last account
137.91
By nett eanings of boats
35,544,38
Malwa Very Old
$1070 do.
By interest
7,018.81
Persian Fine Quality
.$600
do.
By serip fees
30,00
Persian Extra Fine
$880
do.
337.50
Patna New
$1190 per chest.
Patna Old
do.
$43,068.40
RESERVE FUND,
Benares New Benares Old
$1140
do.
dɔ,
65.000.00
$65,000.00
YARN.
THE "STAR" FERRY COMPANY, LIMITED.
The report for presentation to shareholders at the tenth ordinary annual meeting to be held on May 27th reads:
The Directors have the pleasure to submit to shareholders their report, with a statement of accounts, for the year ending 30th April 1908.
ACCOUNTS.
The nett earnings of the boats, after paying all working expenses and providing for a loss of $9, 37.04 on subsidi-ry coins, amounted to 8 5,544.38, as against $48,012.80 the previous
year.
The amount at credit of profit and loss account, after paying for repairs and phoing $7, 85.00 to oredit of Insurance Fund, $24 89,52 whicb, with the spproval of abare- holders, it is proposed to appropriate as flows:-
Directors and Auditor's fees Dividend.of 0 per cent
White off boats
+44
Carry forward to new account
BUSINES8.
•
By unclaimed dividends forfeited
To balance
By balance from last account
INSURANCE FNUD,
To balance
By balance from last acccunt. By profit and loss account
..$ 1,1 0.00
15,000.00 IMPORTS.
8,7 0 0 98 52
$24,898.52
Passenger traffic in all classes showed a decline compared with the previous year, but a marked improvement has taken place since the rebuilding of the wharves.
DIRECTORS.
In accordance with the Articles of Asscoia- tion the Hou, ir C. P. Chater, C.M.G., retires,
but offers himself for re-election.
The Hon. Mr. W. J. Gresson resigned on leaving the Colony and the Hon. Mr. H. Keswick was invited in his stead. Mr. A. G. Wood also resigned, his place being taking by Mr. A. Haupt, who on leaving the Colony was succeed- ed by Mr. G. Friesland, These appointments require confirmation.
AUDITOR,
Mr.W. H. Potts has audited the accounts now presented and offers himself for re-election.
C. P. CHATER, Chairman,
Hongkong, 18th May, 1908.
COMMERCIAL.
SUGAR,
47,221.37
$47,221.37 39,436 37 7,785.0..
KOBE-The rate for July delivery has dropped below Y. 10. This is the lowest price recorded since 1903. The reduction in the o tput of yarn by the spinning mill has not availed to improve the market, stocks still continuing to increase, and the market is in a most unfavourable condi-
$47,221.87tion.
HONGKONG, 25th May, 1908: There have been no arrivals for a long time from Shekloong, Swatow and Foochow, the prices of the sugar sent from Java, Manila, 810, being much cheaper.
KOBE, May 14th.-Peet.-Mar et steady, prices unchanged. Cane.- Raw. - Business in Java as well as in Formosan Sugars remain impracticable, Muscovados Basis Polarisation 6 per cent. colour average 12. D. S. is quot d at Ÿ.6.70 per picul ex ship.-saka Refined.-The market is firmer with an upward tone. At the Osaka Refinery's auction on the 3rd instant, 10,20) bags were sold at an advance of from 10 to 95 Sen.
PIECE GOODS.
in
SHANGHAI-Messrs. Noel, Murray & Co., their Piece Goods Report of the 14th inst., state: -Although by no manner of means out of the wood yet, there is a feeling that the worst has teen seen, so far as staple goods are concerned, and the market is showing distinct signs of improvement. The ev dence of this is mainly obtainable through the re-ales by second hand holders, prices not being sufficiently advanced to induce the majority of Importers to sell what they have. The improve nent has been brought about by the further decline in Exchange and the continued recovery in the quotations for the raw staple. The reason for the first-named is diffo«lt to understand, but according to some authoritier it has been brought about mainly by the manipula tions of operators on this side of the globe. That & very unfortunate state of affairs has been cea ed here is beyond dispute, and the holders of drafts, or renewals, against goods are finding. more and more difficulty in ca'ling up margina. Enormous eums are outstanding for Duty, interest and storage in addition, and no fresh bu iness has HONGKONG, 25th May, 1908The tone of the
been done by the majority of houses for months market is nearly the same as when last reported.
to enable them to pay current expenses.
It bas Saigon, Ordinary
..$4.00 to $4,40 become a constant drain on capital and must Round, Good quality 5.05 to 5.10 seriously curtail the ability of many Firms to Long...
5,15 to
co tinue doing business. A great deal of the Siam, Field mill cleaned, No. 2. 3.90 to 9.95 depression is put down to one particular weekly No. 1 4.10 to 4.45 Auction, which supp'ies now, not only the usual
4.80 to
staple makes, but has made an onslaught on 5.10 to 5.20 other clases of goods that were formerly more or
"
15
Garden,
White,
**
Fine Cargo.
#9
RICE.
5.2
4.90