264
GREEN ISLAND CEMENT COMPANY, | Since expended .....
LIMITED.
The report for presentation to the shareholders at the twentieth ordinary general meeting is as follows:-
Annexed we have the pleasure to lay before shareholders a statement of accounts for the year ending 31st December 1908.
The net profit, after providing for depreciation on Buildings and Machinery, Launches, Lighters &c. and including the amount brought forward from the previous year, amounts to $364,756.74 which it is proposed to deal with follows, viz:- To place to reserve fund... To pay a final dividend
of 50 cents per share $200,000.00
Add interim dividend of
$1,000.00
40 cents per share... 160,000.00
360,100.00
3,756.74
To carry forward to the credit of
next year's account Consulting Committee-In accordance with articles of Association, Sir Paul (hater, C.M.G., the Hon. W. J. Gresson and J. W. Noble retire, but being eligible, offer themselves for re- election.
Auditor-The accounts have been andited by Messrs. W. H. Potts and A. O'D.Gourdin, who are recommended for re-election.
SHEWAN, TOMES & Co. General Managers.
Hongkong, 20th March, 1909.
STATEMENT OF ACCOUNTS FOR THE YEAR 1908. PROFIT AND LOSS ACCOUNT.
|
Cement & raw material in stock valued at Coal, casks, and gun- nies in stock valued
at
Stores in stock valued at
Cement on consign-
ment valued at
$ 58,760,92 163,200,16
Deep Water Bay Works: Land as per last state-
ment
1.
Building and machin- ery as per last state- ment
Less depreciation
Since expended ... Bricks pipes, and tiles
in stock valued at......
On consignment valu-
ed at
Coal in stock valued at $ 2,418.10 Stores in stock valued
at
THE HONGKONG WEEKLY PRESS AND
163,470.65
[March 29, 1909.
STATEMENT OF ACCOUNTS TO DECEMBER
1,004,341.09
31st, 1908.
LIABILITIES.
759,697.81 Capital:-60,000 shares
each $12-
8720,000.00
Less 14,000 shares un-
issued each $12... 168,000,00
$552,000,00
221,961.08
Sundry creditors
11,832 78
Reserve account
25,000.00
83.029.00 Balance of working account
104,695.09
$693,527.87
3,500.00
ASSETS.
Hongkong saw-mills
$191,825.96
Value as per last state-
11,509.56
ment...
$151,505,84
$180,316.40 38,004.86
Less amount provided
for depreciation
5,000.00
218,321.26
$146,505.84
since added 5,924.10
57.785.79
152,429.94
Sandakan saw-mills 4,818.25 Value as per last state-
ment
since added
$89,068.57 21,262.93
2,455.90
110,331.50
4,874.000
Steam launches and lighters:
Steam lighter, steamer
launches. lighters, junks, &c., as per last statement...
Value as per last state-
ment
$105,223.21
Less amount provided
Leas depreciation
$182,352.02 10,714.86
for depreciation
5,000,00
$171,637.16
since added
$ 100,223.21 20,601.59
Interest
$31,116.04
Since expended ...
59,368.49
120,824.80
Auditors' fees
600,00
231,005.65
Consulting committee's fees..
4.000,00
Property at Canfon as
per last
Amounts written off as bad debts
10,618,49
statement
42,500.00
Amount written off as depreciation
Value of premia on unexpired
for 1908
106 428,21
policies
3.371.23
Interim dividend
$160,000.00
Sundry debtors
331.564.66
Balance
204,756.74
Cash on hand
11,881.79
Sandakan engine works and slipway :-
Value as per last state;
ment
Less amount provided
for depreciation
Plant-
$91,131.29
5,000.00
86,131.29
364,756.74
$4,938,172.85
Value as per last state-
ment...
$21.569.06
$ 517,519.48
Balance brought forward from 1907
$5.078.16
Transfer fees
Exchange...
Unclaimed dividends 1899 to 1906
Balance from working account
Sales of cement
$501,982.99
Less Loss on sales of
bricks, pipes, &c.
2,675.54
499,307,45
$515,516.48
BALANCE SHEET.
5.00 297.77 12,831.10
THE CHINA.BORNEO CO., LIMITED.
The report of this Company is as follows Gentlemen. The General Manager and Con- sulting Committee beg to present to the share- holders the sixth ordinary yearly report of the Company.
The accounts show a profit of
From this has to be deducted Fees to consulting com-
mittee
Less amount provided
for depreciation
Since added...
Land and house property: Value as per last state
ment...
Less value of property
sold
Kudat pier:
$ 5,269.53
5,000.00
$16,569.06
1,292.13
17,862.19
1.460.00
$104,695.09
3,809.53
Capital:-400,000 shares at $10
each fully paid np
Reserve fund ..
Sundry creditors
Company's bankers..
Balance of profit and
loss account
Loss interim dividend
$364.756.74
160,000.00
•
$4.000.00
$4,000,000.00
Bonus to European staff
for 1907
2,850.00 6.850.00
12,000.00 81,350,79 640,065.32
Leaving available for appropriation...8 97,845.09
$4,938,172.85
204,756.74 |
The consulting committee recom-
mend that a dividend of 10% on the subscribed capital be paid to shareholders
Write off Hongkong saw-mills
engineering works
plant
Value as per last state-
ment... Less amount provided
for depreciation
House and office furniture Timber concession:--- Value as per last state-
ment.....
$ 2,000.00
1,500.00
500.00 2,377.03
$ 18,848.77
$ 55,200.00
Less amount provided
for depreciation
2,568.74
10,000.00
16,280.03
launches and lighters...
命呼
timber concessions
$457,130.98
27,427.86
32,607.90 $462,311.02
material in
$3,126.02
29,331.30
Kudat pier and house
property
Το carry to reserve Provision for bonus to staff for
1908
Green Island, Macao:----
Building a n d
m a-
dhinery as per last
statement
Less depreciation
Since expended
Cement and
raw
stock valued at Coal in stock valued at
Stores in stock valued
at
$429,703.12
Hok Un, Hongkong:-
Land as per last statement
232,784.02
Consulting Committee:-Mr. A. G. Wood retired on leaving the Colony and Mr. J. W. C. 32,457.32 Bonnar was invited to join the committee, his appointment requires confirmation. In accord- ance with the Articles of Association the Hon. Sir Paul Chater, C.M.G.. retires, but offers | himself for re-election.
Auditor:-The accounts under review have 'been audited by Mr. W. H. Potts who offers
himself for re-election,
1,091,394 square feet valued at 1,231,968.88 Buildings a n d ma-
chinery as per last
statement
Less depreciation
$928,826.28
55,955.84
$872.870.44
J. WHEELEY, General Manager.
Hongkong, March 15th, 1909.
To management and office expenses and general charges at Hong- kong and in Borneo To exchange To balance...
By profit on sales
swan timber &c. By interest By scrip fees
42,415.64
42.902.39
104,695.09
$190,013.12
Cr.
of rough and
#
189,625.21
316.9
71.00
5,000.00 Stock of rough and sawn timber, 5,000.00 stores material &c.
124,302.42
2,500.00 Suspense account
2,850.00
1,145.09 Sundry debtors...
6,824.10
Hongkong and Shanghai Bank,
1,000.00
15,000.00
cash with Cash in hand
34,427.37
14,577.67
3,000.00
$693,527.87
WORKING ACCOUNT.
$ 97,845.09
Dr.
$190,013.12