150
JOCKEYS
Mr Burkill
Mr Hayes...
Mr Dupres
Mr Vida
Mr Jones
Mr Laurance
Mr Mackie
Mr Moore
Mr Gresson
Mr Gegg
Mr May
Mr Morris...
Mr Humphreys
PONIES
:
Barry
3 1
Little Gem Rose
3
Reve d'Or Rose
1
Provision for contingencies
$75,000.00 30,000.00
18T 2nd 3RD.
9 8 2
7
4
5
3
6 1
∞+MK | TONHH~|| 2
CH4OLLAN | |--d
2
1 2
1
1
THE HONGKONG WEEKLY PRESS AND
COMPANY REPORTS.
THE HONGKONG ICE COMPANY, LIMITED,
The twenty-eighth annual report of this Company states :-
The General Managers have pleasure in sub- mitting a statement of the Company's accounts for the year 1908.
Including $4,578.41 brought forward from the previous year, and after deducting $20,000 paid as an interim dividend of $4 per share, the balance at credit of profit and loss account is $116,475,03 which it is recommended should be
1ST 2ND 3RD. appropriated as follows:---
A final dividend of $15 per
share
[February 20, 1909. HONGKONG AND WHAMPOA DOOK COMPANY, LIMITED.
The Report of the Board of the Directors is as follows
Gentlemen, The Directors have now to sub- mit to you their Report, with a statement of accounts for the half-year ended 31st Decem- ber, 1908.
The net profit for the six months, after paying interest due and all charges, amounts to
to which has to be added the balance brought forward from last Account
$261,981.53
384,847.24
$646,828.77
Backstay
2
To write off property a/c..
2,000.00
and from this have to be deducted- Directors' Fees $10,000.00 Auditors' Fees
750.00
Fernie
1
1
To write off launch and lighter
10,750.00
Geisler
1
ajc.
1,858.90
Snowflake Rose
To carry forward
7,616.13
Spring Rose
1
1
Pei-ho
1
$116,475.03
Missouri
"
Volga
1
JARDINE, MATHESON & Co., LTD.
General Managers.
Hongkong, 9th February, 1909.
Balance Sheet 31st December, 1908.
Plym Dart
Grey Back
Seafoam
Jubilee Rose
1
1
Little Dot Rose
Capital 5,000 shares of $25 each
Glorious Rose
Accounts payable
Swan
Abstainer
Heraldic
Maryland Mummery Kamranh Garth...
LIABILITIES.
Ammonia reserve account
Provision for contingencies Profit and loss account
Less writen off per last
report
leaving available for appropriation $636,078:77 The Directors recommend that a Dividend for the half-year of 8 per cent. or $200,000 be paid to Shareholders, that, $21,000 be passed to a a special account (No. 1 Dock Extension), that $3,000 be written from the value of Cosmopolitan Docks, $25,000 from the Floating Plant and the balance $387,078.77 be carried to the new account.
The new vessels in hand during the half-year $125,000.00 | under review were all completed and having 5,112 71 passed satisfactory trials were duly accepted; 8,443.69 the contract for building a new steel wharf for 120,000.00 the Hongkong and Kowloon Wharf and Godown 116,475.03 Co. is well in hand, most of the material on the
ground or in the Shops.
$375,031.43
ASSETS.
3
Land, buildings, plant
Lyemun
2
and machinery as per
Corcomb
2
last account
$150,000.00
Sutlej..
2
York Rose...
2
23,000.00
Gunduck
1
2
$127,000.00
Cattistock
1
Celia Rose'.
1
Soudan
1
Highland Laddie
Astral
Waziri Chief
Strathdallas
Double Zero
Butcher
Dunkerry
Earthquake Constant Resignation
Sir Joseph Gambler
THE TAXICAB IN CHINA.
While tracing in the dynastic histories of China the numerous allusions to a curious chariot, in which there was an arrangement for registering the distances traversed, strongly suggestive of the modern taxicab, Dr. Giles, Professor of Chinese, has recently unearthed a complete specification of its mechanism, according to which it is quite possible to reconstruct such a vehicle. It appears that these taxicabs, to use a convenient term, were first mentioned under the Chin dynasty (A.D. 265.419); and from that time down to the middle of the 14th century frequent allusions to such vehicles known as measure-mile-drum-chariots!" are to be found in the dynastic histories. Under the year 1027 A.D., and again under the 1107 A.D., full particulars are given as to their construction, the number of wheels, their position. the number of cogs on each wheel, &c., being all definitely stated. on completing a translation of the specification, Professor Giles placed it in the hands of Pro- fessor Hopkinson, of the Engineering 1 abora- tory, with the satisfactory result that, from a specification recorded by the Chinese some nine hundred years ago, Professor Hopkinson has constructed a model of wheeled vehicle which accurately registers the distances traversed. At each li or Chinese mile, which is about one-third of an English mile, a drum is struck; while at every tenth li a bell is rung. A full translation of the specification is shortly to be published, with illustrations of the mechanism.
Hongkong Fire Insurance Co.
share, as per last account
China Fire Insurance Co. share, as
per last account
Canton Insurance Office share, as
per last account
Launch, as per last ac-
count
25,725.00
Since paid, final in-
stalment...
6,013.21
Buoy and mooring
&c.
120.69
Lighter Cash in hand
Hongkong and Shanghai Bank on
current account
Hongkong and Shanghai Bank on
deposit...
Loan (secured by mortgage at Mortgages...
Yokohama Yen 23,250) Hongkong Club debentures, at par Outstanding accounts Accounts receivable.
Ice in stock
Coal in stock.
Fire Insurance, unexpired premium Marine Insurance, unexpired premia
225.00
We were entrusted with the building of five steel caissons for bridge foundations for the Canton-Kowloon Railway; one was delivered in 1908, and the others are nearly finished.
The only new vessels in hand are two small launches on stock at Cosmopolitan Dock and a launch for harbour use at Kowloon Dock, we have had several enquiries during the year but nothing has so far resulted.
The boilershop extension at Kowloon is practically completed with the exception of an 85.00 overhead electric crane now on order; the other
extensions are well advanced 120.00
The Dredger has not been employed during the half-year except for a few days on our own account in connection with the new wharf at Kowloon.
DIRECTORS.
The Hon. Mr. Henry Keswick, Mr. A. Fuchs and Mr. G. H. Medhurst having resigned their 11,858.90 seats on leaving the colony, the Hon. Mr. W. 4,439.45 J. Gresson, Mr. C. G. R. Brodersen and Mr. 71.26 Edgar G. Barrett were invited to join the Board in their places and these appointments 40,561.46 now require confirmation.
Mr. C. G. R. Brodersen having died, Mr. 90,300.00
H. A. Siebs has been invited to fill the vacancy, 46,000.00 and his appointment now requires confirmation. In accordance with Clauses 78 and 85 of the 25,000.CO
Articles of the Association, Mr. G. Frièsland 20,000.00 and Mr. D. W. Craddock retire by rotation but
6,353.41 offer themselves for re-election. 2,062.24 The Hon. W..J. Gresson has been elected
300.00 Chairman for the year 1909. 350.00 128.64 176.07
$375,031.43
PROFIT AND LOSS ACCOUNT. For the Year ended 31st December, 1908. To General Managers' Com-
mission
To Auditor's Fee
4
AUDITORS.
The accounts have been audited by Mr. H. U. Jeffries and Mr. H. Percy Smith, F.C.A. The Directors recommend Messrs. Jeffries and Percy Smith for re-election.
W. J. GRESSON,
Chairman.
Hongkong, 15th February, 1909.
Balance Sheet 31st December, 1908.
LIABILITIES,
Capital 50,000 Shares of $50 each,
..$2,000.00 150.00
$2,150.00
20,000.00 116,475.03
fully paid up
No. 1 Dock Extension Account
Marine Insurance Account
$138,625.03
Sundry Creditors
Balance of Profit
To Interim Dividend of 16 per cent.
paid on 22nd August, 1908 To Balance ...
By Balance brought forward from
last year
...$ 4,578.41 By Ice Sales and Cold Storage By Rents received (less Crown Rent
Charges, less Working Expenses 122,346.32
and Taxes paid) By Interest and Dividends By Transfer Fees
2,043.74
9,642,56
14.00
$138,625.03
brought forward from
last Account Profit for the half-year ending December 31st, 1908...
$384,847.24
261,981.53
$2,500,000.00
200,000.00 78,106.27 1,851,657.83
646,828.77
$5,276,592.87
}