Page
March 6, 1909.]
COMPANY REPORTS.
THE HONGKONG HOTEL COMPANY,
LIMITED.
The report of this Company states:- Gentlemen, -In accordance with Section 56 of the Articles of Association, the Directors now beg to submit their report for the half- year ended 31st December, 1908.
ACCOUNTS.
The profit on working account amounted to $42,461.49 as compared with $39,292.35 for the corresponding period of 1907, being an increase of $3,169.14.
The profit and loss account, including the sum of $14,639.63 brought forward from 30th June, 1908, shows a credit balance of 54,295.4, which the Directors recommend should be apportioned as follows:-
To pay a dividend of 6 per cent.
for the half- -year
$36,000.00
f
To transfer to repairs and re-
newals account
10,000.00
To write off furniture and fix-
tures
6,500.00
To write off electric plant
1,500.00
To carry forward to new account
295.40
$54,295.40
CHINA OVERLAND TRADE REPORT.
Less transfer
Installation of electric light, as per last
193
to ue w launch ac- count.
account
•
24,000.00
500.00
65,000.00
Less written off, as per
last report
3.500.00
$ 14,639.63
20,500.00
and
Man-
193.33
4,225,00
22.575.00
34,674.04
By rent of shops
offices, old building...3 By rent of shops and offices, new building By rent of Hotel
sions
By Dividends on Shares in Public
Companies
By 'scrip and transfer fees By bad debts recovered
By profit on hotel working ac
count for the six months ending 31st December, 1908
Stock of linen, crockery,
glassware, etc
Stock of wine,
provi.
sions, household sun-
dries, and stationery,
as per inventories
22,576.99
26,983.33
Shares in Public...
1
ompanies
4,371.31
176.00
Value of Steam Lauuch,
4.00 80.00
as per last account
$,000.00
Less written off, as per
last report
500.00
4,5 0.00
42,461,49
Sundry debtors
26,358.38
Licenses attaching to
$ 84,344.45
1909
2,576,67
Hong ong and Shanghai
REPAIRS AND RENEWALS ACCOUNT.
Banking Corporation
For the Six Month ending 31st December, 1908. Dr.
To payment on account of repairs and renewals during the half-year ending 31st December, 1908 To balance
(Unclaimed Dividents
ccount)
1,638.00
Cash in hand
287.21
$12,028.49 3,912.09
$2,015,890.91
$15.940.58
Cr.
$ 940.58
DIRECTORS.
Mr. J. W. C. Bonnar has been invited by the Board to act for ⚫r. E. Osborne. ou leave. Mr. Bonnar's appointment requires the shareholders confirmation.
Mr. W. H. Potts retires by rotation, but offers himself for re-election.
AUDIT.
The accounts have been audited by Messrs. H. U. Jeffries and A. R. Lowe, C.A., who offer themselves for re-election.
W. HUTTON POTTS,
Chairman.
By balance from 30th June 1908 By amount transferred from profit and loss account as recommended in last report
CAPITAL
12,000 shares at $50 each
(fully paid up,
Hongkong, 24th February, 1909.
PROFIT AND LOSS ACCOUNT.
For the six months ending 31st December, 1908.
Dr.
To bad debts and refunds...
To crown rent
To rates
To fire insurance
o debenture interest on
$500,000 at 3 per cent.$15,000.00
bentures held by the
Less returned on de-
Company
To interest account.
LIABILITIES.
15,000.00
$15,940,58
$600,000.00
1.000 mortgage debentures
(6 per cent.)
$500,000.00
Less 152 ditto held by the
Company
76,000.00
Reserve fund
$725.37
Sundry creditors
505.92
Unclaimed dividends
2.870.95
2,948.71
2.220.00
12.720.00 7,078.10 3,200.00
To directors' and auditors' fees
•
To balance, to
be ap-
cent.
propriated as follows: -
To pay a dividend of 6 per
To transfer to repairs and
renewals
To write off furniture and
fixtures
$36.000.00
10,000.00
า
o write off electric plant
6.500.00 1,500.00
295.40
To carry forward to new
account
Cr
By Balance from 30th
June, 1908
$ 79,639.63
Less dividend
at 6 per
cent. ...8 36,000.00
Less transfer
to
repairs
and
rene-
wals account 15.000.00
Less transfer
to furni. tures and fixtures ac- count... Less transfer
to installa-
tion of elec-
tric light account
10,000.00
3,500.00
54,295.40
$84.344.45
424,000.00 648.975.78 78.248.77
UNION WATERBOAT COMPANY, LIMITED.
The report of this Company states:- The General anagers have now the pleasure to submit their annual report and statement of the Company's accounts made up to 31st Decem- ber, 1908.
The net profits for that period, including $111.22 brought forward from last account, and after allowing for Consulting Committee and Auditor's fees, depreciation, bad debts and loss on the sale of the old steam launch taken over
from the Hongkong Steam Water Boat. Co., Ld., amount to $29,971.31.
The General Managers recommend the pay- ment of a dividend of 6 per cent., which will absorb $16,633.80, write off $13,155.00 from the value of the Waterboats and carry forward a balance of $172.51 to the new account.
Consulting Committee:-Since the last meet- 1,638.00 ing Mr. P. J. Bisschop resigned his seat on leaving the Colony and Mr. H. J. Van den Bosch and Mr. J. W. C. Bonnar have joined the Committee.
3,912.09
Repairs and renewals account,
balance as per statement Hongkong and Shanghai Banking
Corporation (Current Account) 204.820.87 Profit and loss account, balance s
per statement
54,995.40
$2.015.890.91
ASSETS.
Value of Marine Lot No. 5 and remaining por tion of Marine Lot No. 3 and remaining portion of Marine Lot No. 7, and Buildings thereon,
as per last account .. $1,032.80.743 Since expended on altera- tion and additions to Buildings...
Praya Reclamation.
Marine Lot No 288, as per last account and Building thereon ("Hotel Mansions") Rebuilding South Block, payments on account to date
Cost of Three Chinese Houses on Sections B., C., and D. of Inland Lot Not. 80... Cost of Kowloon Farm Lot No. 3 Section
9,718,40
-1,092,525.83
Auditors-The accounts under review have been audited by Mr. A. O'D. Gourdin.
DODWELL & Co., LTD.,
General Managers.
Hongkong, 12th February, 1939.
Balance Sheet, 31st December, 1903.
Share Capital.
LIABILITIES
Authorised-50,000 shares
of 10 each
Issue-27.723 shares of $10 each
fully paid
Sundry creditors
Unclaimed dividends
$500,000
$277,230.00
1,898.13
776.00 29,971.31
$309,875.44
Profit and loss account, balance
ASSETS.
$259,616.77
Waterboats as per last
account
62 .892.63 Less amount
6,328.00
written off $13.616.77 Book value of launch sold...
Pipes and staging as
Furniture
2,835.00
16.451.77
33,000.90
$253,165.00
30,926 90
per last account Less amount written off
$4,000.00.
3,000.00
1,000.00
1,784,673.61
50.0
Cash in bank and in hand
122,239.80
6,681.95
Hongkong Bank fixed deposit
40,000.00
10.000.00
Hongkong Government deposit
500.00
Sundry debtors...
7,980,49
112,239.80 1,492.90
Stock of hose, etc.
250.00
Unexpired licences
2.8.00
.113,734.70
$309,875.44
Furniture and fixtures, as
per last account Less written off, as per
last report...
¡Since added
*