February 1, 1909.]
COMPANY REPORTS.
HONGKONG LAND INVESTMENT & AGENCY COMPANY,
The twentieth report of the Board of Direc. tors to the ordinary meeting of shareholders to be held at the Company's Offices, Victoria
states:-
Buildings on Thursday, the 28th January, Gentlemen,-The Directors have now to submit to you a general statement of the affairs of the Company, and balance sheet for the year ending
31st December, 1908.
The net profits for that period, including $36,915.47 balance brought forward from last account, after paying all charges, amount to $384.975.12. From this amount an interim dividend of $3.50 per share has already been paid. It is now proposed to pay a final divid. end of $3.50 per share, and after writing off Directors' and Auditor's fees there remains a balance of $26,475.12 to be carried forward to the credit of a new profit and loss account.
DIRECTORS.
Messrs. A Fuchs and A. J. Raymond having resigned, Messrs. C. G. R. Brodersen and C. 8. Gubbay were invited to join the Board in their places and these appointments now require confirmation.
Mr. C. G. R. Brodersen having died, Mr. H. A. Fiebs has been invited to fill the vacancy, and his appointment now requires confirmation.
Messrs. H. P. White and H. A. Siebs now retire by rotation, but offer themselves for.re- election.
AUDITORS.
The accounts have been audited by Messrs. J. Cox-Edwards and H. Percy Smith, who now retire, but offer themselves for election.
W. J. GRESSON,
Chairman.
Hongkong, 12th January, 1909.
Balance Sheet 31st December, 1908.
CHINA OVERLAND TRADE REPORT.
HONGKONG LAND RECLAMATION CO., LTD.
The seventh report of the board of directors to the ordinary meeting of shareholders to be held at the Company Offices, Victoria Buildings, at 11.15 a.m., on Thursday, the 28th January,
is as follows :—
mit to you a general statement of the affairs of Gentlemen, The Directors have now to sub- the company, and balance sheet for the year ending 31st December, 1908.
$287,410.99 brought forward from last account The net profits for the year, including It is now proposed to pay a Dividend of 7 per after paying all charges amount to $287,825.23. cent. on the paid up capital after providing for which and writing off Directors' and Auditors' fees there remains a balance of $217.100.23 to be carried to credit of a new profit and loss
account.
DIRECTORS.
Mr. A. J. Raymond having resigned, Mr. C. S. Gubbay, was invited to join the Board and this appointment now requires confirmation.
Messra. E. Shellim and C. S. Gubbay, now retire, but offer themselves for re-election.
AUDITORS.
W. H. Potts and A. Q'D. Gourdin, who now The accounts have been audited by Messrs. retire, and are recommended for re-election. W. J. GRESSON,
Chairman.
Hongkong, 14th January 1909 Balance Sheet, December 31st, 1908:
LIABILITIES.
Capital-25,000 shares at $100 each -$2,500,000 of which are issued 12,500 shares at $100 each
•
Balance of Profit and Loss A/c.,
tors' and Anditor's fees, it is now proposed to pay a final dividend of $2.00 per share, making a total dividend for the twelve months of 84.00 per share, and to carry forward the balance of $1,968.15 to credit of a new profit and loss
account.
DIRECTORS.
Hon. Mr. H. Keswick, Messrs. A. J. Raymond W. J. Gresson, Messrs. C. S. Gubbay and J. W and A. G. Wood, having retired, Hon. Mr
and these appointments now require confirmation. C. Bonnar have been appointed in their stead,
Hon. Mr. W. J. Gresson and Mr. C. 8. Gubby now retire by rotation, but offer themselves for re-election.
AUDIT.
Cox-Edwards, who offers himself for re-election. The accounts have been audited by Mr. J.
A. SHELTON HOOPER,
Secretary to the Hongkong Land Investment & Agency Co., Ld., General Agents for the West Point Building
Co., La
Hongkong 12th January, 1909.
Balance Sheet 31st December, 1908. LIABILITIES,
Capital Accounts payable.. Balance of profit and
loss account Less interim dividend
paid
$625,000.00
902.63
$52,518.15
$25,000.00
27,518.15
$ c.
$653,420.78
ASSETS.
Cost of property Cash
614,801.81
38,618.97
$1,250,000 $75 per share paid up, Loans Payable,...
937,500.00
362,250.00
$653,420.78
Accounts Payable,
1,946,35
PROFIT AND LOSS ACCOUNT.
Dr.
287,825.23
To fire insurance
$3,322.75
$1,589,521.58
To charges
+316.44
To crown rent
818.00
LIABILITIES.
Capital
$5,000,000.00
ASSETS.
$ c.
To repairs to buildings
2,420.54
Equalization of dividend fund
250,000.00 Cash
4,885.34
To commission to agents
2,683.00
Accounts payable
1,632,036.18
Balance of profit and
loss account
$384.975.12
Amount invested in mortgages Amount invested in property... Furniture
277,486.08
1,291,172.98
To interim dividend of $2.00 half-year 25,000.00 To balance to be appropriated as
658.33
follows:--
Less interim dividend
Accounts Receivable
Directors' fees':
15,318.85
.$ 500.00
Auditor's fees
į
paid
50.00
175,000.00
209,975.12
$ 1,589,521.58
Dividend of $2 per share25,000.00 Balance to be carried to
new account
1,968.15
$7,092,011.30
PROFIT AND L088 ACCOUNT.
ASSETS.
Dr.
Cash
Amount advanced on mortgage
Amount invested in property
$ 5,846.73 To Charge Account.
945,950.00 Repairs to Property
12
Furniture Account..
Accounts Receivable
6,087,956.19
+
rown Rent Account
4,277.92 47,980.46
**
Government Rates Account
59
Fire Insurance Account
77
$7,092,011.30
$ 7,631.90 594.80 1,894.00
27,518.15
0.
$62,078.88
Cr.
446.16
487.75
By balance brought forward
$ 1,541.31
Balance to be appropriated as follows:-
By rent
60,000.00
By interest
520.57
By scrip fees
.17,00
PROFIT AND LOSS ACCOUNT.
for the year ending 31st December, 1908.
$62,078.88
Directors' Fees,.
$ 5,000.00
Auditors' Fees..
100.00
Dividend of 7 per cent.
for the year
65,625.00
C.
To interim dividend of 34 per cent.
Balance to be carried to
for the half-year
175,000.00
New A/c.
.217,100.23
To charges account
-287,825.23
28,918.29
"To repairs to house property
35,104.70
To advertising
884.85
To fire insurance
Cr.
20,372.58
To legal expenses
To interest
on loans
By Interest
payable
98,179,27
To less interest on mort-
gages
82,386.64
901.79 By Balance from 1907
15,792.63
To balance to be appropriated as follows:
To directors' fees
To auditors' fees
7,500,00
1,000.00
.....175,000.00
To final dividend of 34 per cent for the half- year
To balance to be carried
to new account
By undivided profits 1907 By rents
By commission By scrip fees
26,475.12
By Rents
By Scrip Fees
$ 298,879.03
S 287,410.99 5,798.45 5,663.59 6.00
$298,879,03
WEST POINT BUILDING COMPANY.
The twentieth report of the general agents to the ordinary meeting of shareholders to be held at the company's offices, Victoria Buildings, 209,975.12 on Thursday, the 28th January, states:-
$
Gentlemen, The General Agents now sub- $ 486,949.96 mit to you a statement of the affairs of the e. Company, and balance sheet for the year 36,915.47 ending 31st December, 1908. 440.574.54 The net profits for the year, including the 9,332.95 amount brought forward from the previous year, amount to $52,518.15. From this amount an interim dividend of $2.00 per share has $ 486,949.96 already been paid, and after writing off Direc-
127.00
HONGKONG CANTON AND MACAO STEAMBOAT COMPANY.
The report of the Board of Directors to the ordinary half-yearly meeting of shareholders to be held on Tuesday, the 9th February, is as follows:-
The Directors beg to submit to the share- holders the report and statement of accounts for the half-year ending 31st December last.
After paying running expenses, salaries, premis: of insurance, repairs and all other charges, there remains, including $17,755.84, brought forward from last account, the sum of $185,279.30 at- credit of profit and loss account. From this amount the Directors recommend that a dividend. for the half-year of One dollar and twenty-five cents per share or $100,000 be paid to shareholders, $20,000 be written off book value of steamers, $5,000 written off book value of wharves and properties, $20,000 be transferred to depreciation and insurance fund, $20,000 to account of special repairs fund, leaving a balance of $20,279.30 to be carried forward to new account.
Two new tail-shafts and propellers: have" been constructed for the steamer Heungshan, and fitted at her recent docking, and a new spare paddle-shaft ordered from England for the steamer Honam. The usual Government,
.
J