223
HONGKONG AND SHANGHAI BANKING CORPORATION.
The alglity-second report of the court of directors to the ordinary half-yearly general meeting of shareholders to be held at the City Hall, Hongkong, on Saturday, the 18th August, 1900, at noon, is as follows:
To the proprietors of the Hongkong and Shang-
THE HONGKONG TELEGRAPH SATURDAY, AUGUST 4, 1906.
STERLING RESERVE TUND. To Balanco..unaoitum
To be carried forward to
$10,000,000.00
$10,000,000,00
now accounkara
5.454.97
35.484.97 $138,120.74
By Balance 31st December, 1995 $10,000,090 00
(invested in Sterling Securities),
$10,000,000.00
BILVER RISERVE FUND.
Gentlemen, The directore have how to sub- To Balance.......................... .......................................
statement of the affairs of
$10,250,000.00
$10,250,000,00
hai lanking Corporation.
mit to you a chance sheet for the half-year the Bank, and anding
301 June, 1905.
The net profits for that period, including $1,699,777.10, uninnce brought forward from last account, after paying all charges, daduct ing interest paid and making provision for bad and doubifef accounts, amount to $3,795.119-43 The directors recommend the transfer of $730,000 from the profit and loss account to credit of the silver reserve fund, which fund will then stand at $10,250,000,
After making this transfer and deducting ramuneration to directors there remains for appropriation $3,030,119.13, out of which the direcommend the payment of a dividend of one and Alteen shillings sterling por share, which at 4/6 will absorb $622,222-12
The difference in exchange between 4/6, the rate at which the dividend is declared, and 2/14, the rate of the day, amounts to 5695,424.84. The bilince 51.712,472.37 to be carried to new profit and loss account.
DIRECT. RS.
Mr. E. Shellim, Mr. F. Salinger and the Honourable Mr. C. W. Dickson having resign. ed their seats on leaving the Colony, Mr. D.. M. Nissim, Mr. H. E. Tomkins and the Hon- -jourable Mr. W. J. Gresson have been invited to fill the vacancies; these appointments re quire confirmation at this meeting.
Mr. G. Medhurst has been elected deputy chairman for the remainder of the year in place of the Honourable Mr. C. W. Dickson.
AUDITOKS.
The accounts have been audited by Mr. W. Hutton Potes and Mr. A. G. Wood,
A. HAUPT, Chairman' Hongkong, 2nd Atigust, 1906
AUSTRACT OF ASSETS AND LIABILITIES, HONGKONG & SHANGHAI BANKING CORPORATION, 30th June, 1956. Liabilities.
..$10,000,000.00 Paid-up Capital, anyone. Sterling Reserve Fund,..... 10,000,000,0 9,500,000.00 .250,000:00
Silver Reserve Fund,
Marine Insurance Account,
Notes in fculation:-
Authorised issue
Against securi
ties deposited
with the frown
Agents for the
Celonies, ......$ 0,000,000.00
Additional issue
authorised by,
Hongkong Or..
dinance No. 19
of 1900, against coins lodged
with the Hong-
kong Govt.,... 4.32 .466,4?
Current accounts,——
Silver,.....** Gold, 44,154,316
$68,609,599.09
155 d. 39,48,133.59
Fixed deposits,
Silver, $49,821,830 75 Gold, £5,295,851
101 D... 50,327.529.03
1ly Balance 31st December, 1905 39,500,000,00
Transfer from Profit and Loss Accountant
750,000.00
$10,250,000.00
H. E. R. HUNTER, Acting Chief Manager, C. W. MAY, Chief Accountant.
A. HAUFT,
G. H. MEDHURST, Directors. D, M. NISSIM,
We have compared the above Statement with the lonks, Vouchers and Securities' at the Head Office, and with the Returns from the various, Branches and Agencies, and have found the same to be correct.
W, HUTTON POTTS,}
A. G. WOOD, OT Auditors. Hongkong, and August, 1906.
HONGKONG, CANTON AND). MACAO STEAMBOAT CO, LL.
The report of the board of directors to the ordinary hall-yearly meeting of shareholders to be held at the office of the company, en Tuesday, the 14th August, 1906, at 12 o'clock,
noon, reads:-
The Directors beg to submit to the share holders the report nad statement of accounts for the half-year ending 30th June last.
After paying running expenses; salaries, premia of insurance, repairs and all other out. Koings, there remains, including $24,080.93 brought forward from last account, the sum of 58.464.97 at credit of profit and loss accrust. From this amount the directors recommend that dividend for the half-year of
one dollar per share or $80,000 be paid to share. holders, leaving a balance of $5,464.97 to be carried forward to new account.
During the half-year all the company's steamers and those Jointly owned, were docked for repairs and general overhaul at a cost of
ed on
Cr.
By Amount brought forward from
last Account
Net aarainge of steamer ,,interest on investments
Transfer fees
514.080.91 70,819.48 11.161.39 19.00
$136,120.74
DEPRECIATION AND NSURANCE FUND. goth June, 1906. Dr.
To Balance......quariumsan an$600,700.00 $600,000.00
By Balance.......
Cr.
..$600,000.00
$600,000.00
'EQUALIZATION OF DIVIDEND FUND. 30th June, 1906, Dr.
To Balance
31st December, 1905.. Cr.
By Balance
...............
E. & O. E.
Hongkong, 31st July, 1905.
CORRESPONDENGU.
We do not necessarily endorse the opinions expressed by Crespodents in this column.) TRAM-WRECKERS IN HONGKONG.
TO THE EDITOR of the "HoNGLONG TELKGRAFA,”
been made
CHINAMAN KILLED AT
YAU-MA-TI
pleasant place for an afternoon and evening walk, for the people who live around that dis- trict, owing chiefly to its elevation on a high level. It is a nice walk along towards the
THE RESULT OF A QUARREL, ' Public Gardens, or to the breezy points west. wand, and the residents have always enjoyed
and inst. it, but lately certain parts of Caine Road have
A Chinese coolio, employed in earth carrying dumping ground for depositing
at Lai-chi-kok, expired at the Government heaps of rubbish, especially near Peal This nuisance goes on between 6.30 and 9 p.m.
Civil Hospital yesterday as a result of infarids be received during a fight. Just before his every day for some time past, and the smell
Jasth Trang Fat the deceased—made a state- and quite unpleas very noxious and offensive,
ment to the police and following that Inspector ant to those living near, or passing along the road for their evening walk for constitutional, Macdonald, of Yau-ma-ti Police tation, went
for
and.it is out yesterday and arrested two men, who gave young children, and
names as Tang is their certais to injure or endangen.aur health if it is
Tin and Tang Mang, and allowed to continue. But it is strange to charged with killing Tsang Fat. According to their occupation as hawkers. They were then the alory related to the police it is alleged that the
on the
alt, for SIKE made for the Reclamation ground and there deceased left
let Lai chi-kok vọ Yau-ma-ti, to purchase a pair of aboos. He
Sir-It is possible that the chief satisfaction desired by obstructors of tram-cats may be the humour which a derailed car will ever causo peculiarly-onstituted Chinese, grim Joy at making something helpless.
Whatever the motive, it with the Tramand especially
lays Co. to remove all possible grounds of way offence, but chiefly, it remains for the Govern meat to acquaint herself with the working of this particular locomotion, for as one who sees it in daily operation I still assert it is hazar dous to innumerable cargo coolies, and is allowed (or is immune from restraint) by special favour to ignore trifles such as over crowding, excessive speed; etc.—Yours truly, LOW LEVEL.
of the
Hongkong, tot August, 1906. [Our correspondent has surely a beo in his bonnet. The "particular locomotion" to which he refers has come to stay. It is no more hazardous to the coolis that a soda-water feuctain. If the coolien kept their eyes open, instead of wandering vacuously in the centre of the track, they would never be in danger. It cannot be argued that the running of cars constitutes an offence and the Govern
of Hongkong.is,
we imagine, the las in sho
to impose unnecessary res World" striction, on the Tramway Company. What is good eno, for Landon, Paris and New York might surely be tolerated in Hongkong. We would also remind our correspondent that it is unusual to support tram-wreckers even by in ference: and that the greatest good for the greatest number is the object af all legis lation.-Ed., H.K. T.),
ment-
$250,000.00 $750,000.00 body in
..$150,000.00 $210,000.00
W. E. CLAKE,
Acting Secretary.
We have compared the above statement with the books, vouchers and securities of the Company, and certify the same to be correct.
A. O'D. GOURDIN,Auditors. W. HUTTON POTTS,
THE CHINESE FÖLUNTEERS.
THE WATER SUPPLY AGAIN.
TO THE ENTOS of une "Hoxoxong Tataghant" " Sir,-All of us residents of the 'Eastern dis- trict want to thank you for a kindly publish. ing our letter of distress about the water, because it has put us all in better position, and since little after seven o'clock last night we have been supplied with plenty of water from our laps, right up to the middle of this morning, so that we have been able to clean our houses, And wash ourselves, and cook our food with no difficulties attached to trying to do so. We all are very glad and thankful to Government that they heard at once our try through your paper and
in their way removed the great trouble hope that the Government will let us have a proper supply of water every day, so that we can keep ourselves clean and in proper health, and no trouble to coak our rice and wash our houses.
it goes on with impunity, and nobody checks It. The police or the Sanitary Board would residents in the vicinity, as well as the pedes da-a great deal of good for the health of the trians, by putting a stop to the nuisance. they were io summon the offenders before the Magistrates and get them put for a few hours in the stock's, it would surely produce a salutary effect-Yours, Olcg -
met the two prisoners who are shoemakers. He approached their stall, and wanted to be shown the kind of shoes he wanted. After deceased had chosen the pair that sulted him the price was asked. PATERFAMILIAS.
Deceated could not Hongkong, and August, 1906,
UNCOMPLETED PURCHASE.
HOUSE IN DISPUTE.
2
Jet inst
ment their demand and that resulted in quarrel. It is alleged that the two bawkers then set upon the deceased and assaulted him, using their fists. The deceased ran
away and nothing more was heard about the matter until later in the afternoon, when a policaman co duty found a man lying in Firet Street-some distance away from the Reclamation.
Hop ground In Summary Jurisdiction this morning, bis is a very bad condition. It was at that time
surmised Honour Mr. A. G. Wise, Puisne Judge, pre-read by the police that some accident had and he was transported mad, siding, Chen Wing Him, of No. 61 Aberdeen
to the Government Civil Hospital. The mao was attended to at the institution and later Street, trader, sued Tai Yee alias Tai Sun Tat of Nos. 83 and 85 High Street, Hongkong, made a statement giving the alleged facts of trader, to establish his title to and possession of house No. 55 Aberdeen Street, the assault. He died some hours after, the..
at the Police Court, the two hawkers were situate on Aberdeen Lot No. 47 and to recover result of a ruptured spleen. This morning, the rents thereof since the 16th day of February charged with causing his death. To this 1906, being the date on which the said lot was purchased by the plaintiff from Wong Chan charge they pleaded not guilty," and his Shi, the executrix of Wong Keng Hok, de- Worship adjourned the case until Saturday
ceased.
recover
Mr. H. K. Holmes appeared for the plaintiff, and Mr. R. C. Master, of Mes' Johnson,
Lakes and Master, for ibe defendant.
Mr. Holmes, in opening the case, applied to amend the claim for rent by making it begin to be due from the 15th February "instead of the 16th January.
Wong Chan Shi, widow of Wong Seng Hing deceased, the son of Wong King Hok, said she lived in Aberdeen with her late husband at No. 37 Aberdeen Road. No. 39 belonged 10 Wong King Hok, ller husband died two years ngo and left a will. Bhe was the executrix
next.
BREACH OF HARBOUR RULES.
NO COXSWAIN AT WHEEL.
$60.905.77. Extraordinary repairs wore effect of the Chinese Physical Culture Society. which fell so hardly upon us, and we pray and bed in that will, and she applied for apogenng the lives of those on board. The offence.
on the Fatihan of a new rudder, and the sheathing of the main deck with teak. The Ha had her main deck sheathed with pine and several shell plates were renewed. Part of the boiler of the Zungshan had to be renewed. The total cost of these extraordinary re pairs amount to $27,000 and your directors have decided that $15,oon of this sun shall be. carried forward to the next half-year.
During the Current half-year only the Heungshun will have to be docked for her annual survey in ordinary.
t
The whole fleet is now in first class condi. tion, the electric plants put into order and 34,320,460.00-electric-fans fitted in the passenger slaterooms of our Canton and Macao steamers. This Reat convenien e is very much appreciated by the travelling public in the hot weather.
Severe competition on all the lines operated by the company, and adverse conditions of trade by exceptionally low rates and constantly facreasing loss by exchange in subsidiary currency, all send to cause your directors serious consideration.
108,089,783.28
-100,149.359.78
Bills Payable (including Drafts on London Bankers, call loans and short sight drawings on London office against bille receivable and bullion ship meats), ............ 10,321,875.17 Profit and loss account,
3,795,119-43 Lisbliky on Dile of Exchange re discounted £5.853,871 B, 1, which £3.917.300 101 st have Lince run off.
Cash,
Asset
$266,326,603.66 ..$41,102,406.58
Coin lodged with the Hongkong Government against note cir culation in excess of 50,000,000 Bullion in hand and in transit,... Indian Government rupee paper, Cocols, colonial and other se
curities,
***** Sterling reserve fund investments,
viz.-
£598.000 21% consols;
at 82
(of which Lajos lodged
with the Bank of England
sis Spectal London Ro
ve),
£255,000 2, National
4༡༠༠,3༦༠
war loan, at 90 229,500 £325,000 other sterling
Securities, written down to
Bills receivable, ....
- Bank premises,..................
a80,140
8,500,000..0 225,678.x8 2,291,571.16
-7.333.145.73,
The working of the West River service continues to be very unprofitable, especially the Hongkong-Kongmoon line and as a can. sequence your directore recently decided, to. gether with the other joint companies, to with draw the steamer Tok-Hing, thus abandoning this line.
Judicious economies have beer effected with out imparing the efficiency of the service, and we hope by this means to counterbalance to
some extent use increasing expenses that bur
den the Company.
was
The Hon. R. Shewan resigned his seat at the Bear in consequence of his departure from the Colony, and Mr. A. Babington nominated by the directors to fill the vacancy. subject to confirmation by the whareholders at this meeting
M. F. Salinger also resigned his seat at the board in consequence of leaving the Colony
In accordance with the articles of association Messrs, F. T. Gomes and W. T. C. Cruick- abank retire finny the boy by rotation, but being eligible, offer themse,ves for re-election.
The retiring auditors, Messrs. A. O'D. Courdin and W... Potts, also offer themselves for re-election..
Hongkong, 31st July, 19:6)
Assets....
June 30, 1906. Value of steamers Honam, Powisan, Heungthan, Lungshan, tths of £1,000,000 10,000,000.00 Fatiham and kisikan and 1/3rd Bills discounted, loans and cre
of Sainant, Nanning, Lintan, 93.955 574.06
Samut and Pot Hing .105,838,835,4 Value of lighters Suntee and Walte e of wharves, hulks and moor. 1.379,392.36 Value ing 3266,326,603.66 | Value of properties at Canton, Wuchow and Kangkun.................................. Value of spare gear and stores Value of furniture........ Value of shares in publiccompanies Value of Chinese bonds
GENERAL PROFIT AND LOSS ACCOUNT, HONGKONG & SHANGHAI BANKING
CORPORATION.
30th June, 1906.
Dr.
To Amounts written off:-
Remuneration to directors... $ Dividend account:-
£1.5 per share on 80,000 shares-140,000 at 416, ... Dividend adjustment alc
Difference in exchange be
tween 4/5, the site at which the dividend is declared, and 2/1 the rair of the day, To Transforto silver roserve fund, Balance forward to next half.
year,.....................
D
By Balance of Un-
divided Profits, '
31st
Decan.bar,
15,000.00
612,212,22
695,424.84 750,000.00
3,732,472.37
:83,795,119.43
CA
1905... $1,699,777.j¤.
Amount of Net "Froßls for the Six
Months
ending
30th June, 1906,
after making pro vision for bad and doubtful debts, de ducting all Ex- penser and In. terest paid and
dua
***** 7,095,947,03
E. GOLTZ, Chairman.
With many thanks.—Yours, etc.,
HARDSHIP. Hongkong, at August, 1956.
S. G. FARNHAM BOYD'& Co., LD. (IN LIQUIDATION).
A healthy vitality, has characterised the birth Within a very few months, it might almost be shid weeks, of its first appearance it has won the attention of the Far Eastern World, and the fame of its exploits bids fair to eclipse even the precocity of the infant Hercules. As seen by those who are privileged to watch its early days at close quarters, it is a vigorous body a few hundred song, keen enough to gladden the heart of the most exacting drill sergeant and fired with an exemplary esprit de corps: but withal lacking one essential feature of a volunteer carpe, for it is unarmed. Rumour, however, makes light of any possible limita tions. That not always truthfal jade would
'TO THE EDITOR OF THE "HongKong Telegraph," have the world picture to itself a corps 5,000
SIR, For some time past business men strong, armed with the deadliest of modern files and just spoiling for an opportunity to be both here and in Shanghai bave been attracted led into action. One step only in this direc-by letters appearing in the Press re the finan
The
cial position of the above Company and the tion, as far as we know, has been taken.
low price quoted for the shares. cumbersome tile "Chinese Physical Culture Society has been by tacit and general consent exchanged for the more definite term "Chi Volunteers." It is in this latter capacity only that the organization calls for comment or renders a consideration of its future necessary at the pre ent juncture.
Chinese
I would ask you to be good enough to pub- lish these few remarks, coming from one who has followed the reports and accounts with expert knowledge from year to year for some con..
derable time.
probate of the same. After the death of her husband she went to Man Tao, and lef Wong Chau to look after the property.
His Honour: Are you the Chip Sze of Wong Seng Hing? Witness
Yes,
Continuing, witness said that Au Clay was the tenant of No. 37, and U Ki was the tenant of No 39 Aberdeen Street, No. 37, the house in question, is now numbered 55, and was subse quently occupied by Hip Lee. In the first moon, eight years ago, witness went to ask Hip Lee for the rent, and was informed that the premises were rented from Tai Yee. Shr then went to Tai Yea and was then told that Wong Chan Shi owed them money and as they could not get their money they had taken possession of the house, and refused to give Witness the rents. Witness knew nothing about the loin to, and money due by, Wong Chou Shi. The latter, Wong Choo Shi, married again, and witness did not know where alia lived now. Withess tast saw her about nine years ago,
Mr. Master applied for an adjournment fos the production of further evidence, and stated his intention of upsetting the probate.
His Honouri, You cannot upset the probate
3rd inst. A serious matter, which was referred to re- cently, by Capt.. Barnes Lawrence, Harbour Master, as on unpardonable offence" is the habit of coxswains and engineers of storm launches plying in the harbour during the busiest hour of the day to leave their posts in charge of uncertificated mep, thereby endan
18 of frequent occurrence, and flaen do not ap. - pear to have any effect on them. On the 29th ult, Policeman Winter, of the Water Poilce | Station, boarded the steam launch Chwan Sing and from inquiries made on board it was dii. covered that the coxswain was in his bunk, white, a deck-band was at the wheel. The offices descended into the engine-room, and there also a deck-hand was at work! The en- gineer was inquired for and the officer was told that the engineer was not only away from his post, but was not on the launch at all, Summonses were taken out against the coxswain for not being at the wheel while the launch was plying in the harbour, and against the owner of the Chuen Shint for allowing the launch to ply without qualified engineer. The case was heard be- fore Mr. H. H. L. Gomperts, at the Police Court this morning, when the charge against the owner was provid and he was made to pay a fine of $25. As regarded the case of the coks. wain his Worship would not convict. He hald that in accordance with the Ordinance the coxswain was on board the launch when the offence had palice boarded the craft, and been committed. The Ordinance does not say that the coxswain must be at the wheel. Conse
quently, the coxswain was discharged. It is
Harbour Master to-morrow,
of course, grant you an adj atoment, and it willeged that the coxswain will go before the be for you to consider what action you will take as regards your wish to upset the probate. The case was then adjourned till Friday
next.
Perusing the last statement of accounts to procession of the Corps through the streets of merely a bald statement of assets and liabili in this action; if you want to do that you must
As a Physical Catture Society the recent 39th April, 1906, I should characterise it as
ties with some adjustments of figures (nebring another action for the purpose. will the Settlement afforded a gratifying display to doubt necessary) to place before the share. same thousands of onlookers; but it is given holders, to close the accounts of the old Com- to be understood that its energies are not meant to be restricted exclusively to occasional pay, prior to transferring the assets and fiabilities to the Shanghai Dock and Engineer. parades. Raised already to the paper dignity ing Co, Ld. The adjustments of figures re of w Volunteer Corps, it is referred to
-traced, there being no statement of invaluable source of protection to Shanghai.garding some of the assets, of course, cannot To carry out the functions implied in this Working Account." expression the corps would have to be fully equipped, and at once the question of its focus standi is raised. Outside the limits of the Seulement such a corps would constitute a practical and picturesque incident in the more recent evolution of China and would call for little more than the academic interest of the
population. I! foreign
is when the Chinese Volunteers themselves or the promoters of the movement claim that they are av lanble addi-
teers.
750.00 numbers to
a well-known fact, both here and in Shanghai, that the properties comprising the greater part of the assets would not be over- stated in many cases at double the value set for h in the books of the Company, videa former Chairman's speech. I have taken part of these assels relating to property, etc. at 50% above their book value (without taking into consideration the further appreciation since the date of the Chairman's speech
A PROSPEROUS INDUSTRY,
COTTON SPINNING IN JAPAN.
the Japan From a recent number of Chronicle we gather that the cotton spinning companies in Japan have done extremely well for the first half of the current year, if the results of the Japanese milla are any indication of what may also be expected of the mille oper
hove mentioned), will have been recouped to the share-
And fed that the intrinsic value of the shares works out at something over Tls. 150 per share. Now if such be the facts, there is little doubt it. my mind that with judicious sales of property the Company could be so consolidated and im proved as to render it one of the soundest in. vestments in the Far East. I understand that much of the land belonging to the Company is not required for the business, and is there. fore marketable. Well, sell some of it and strengthen the Company by so doing.
I am aware that, owing to the present condi-
Y
10 Chion, it is to be hoped that suffic'ent
holders for the losses sustained by the cotto companies in Shanghai and Hongkong during the eatier period of their existence.
The next profit of the Kanegafuchi Spioning Company for the half-yoar just ended is including the surplus brought over 1,797,580, from last account. Of this sum Y464,273 is allotted for dividend at the rate of 16 per cent. per annum; Y1,000,000 placed to, the special for bonuses reserve; Y50,000 allotted as officials: Y50.000 placed to the operatives' pension fund Y50,000 to the operatives fund for the provision of better homes, &c., and 30,000 for the operatives' relief fund. The alance of Y153,308 is carried forward.
b
The Godo Spinning Company of Osaka bas declared a dividend for the half-year at the rate of 20 per cent, per annum, after placing Y8o,coo to the reserves, and carrying forward a surplus Y316,644. The company has increased its capitat from Y1,600 000 10 Y2,400,000,
The Japan Spioning Company has decided apindles for fine yarn, Tiog
tion to the security of life and property in the Settlement that a clearer understanding of their status secins required. The maintenance of order in the Settlement is vested in the .Mu- nicipal Council which relies for this
purpose on the police and, if need be, on the foreign volun. There are absolutely no grounds for sup posing, it may be mentioned in passing, that there forces are not amply sufficient for the purpose. Within the limits of the Settlement, only one authority is recognised and in cases of emerg ency, when the services of the volunteers are required in addition to the ordinary police,tion of the money market in China, the time the command of these forces will be deleg.ted
is not the most propitious o offer the pro- to the commandant. An independent body
perly in the
open market, but the present arting on its own initiative is out of the ques
conditions cannot obtain much longer and 3.941,800.0,tion and could not be tolerated for one mo will most likely be followed by an abundance
8,000.00 ment, Where, then, it will be saked, is there
scope for the Chinein Volunteers?'. From a of capital seeking investment, then will come the chance of the Directors to put the house 73,600.00 purely military point of view there can be only in order. I think mest shareholdets will admit
one way which would enable the services of
of that there is a vast difference between a com 134.395.77 these men to be employed in the circumstances
14,856.00 contemplated. They would have to limit their pany whose assis have a marketable value of
Bay 50%
to 75% above their book value, and one moderate fare, and from the
whose assets may not in some cases be even to add over 19 to be set up in the com 595,910.00 outset they must be under foreign officers and equal to the value stated in the accounts pre- the factory
1,034-48 non-commissioned officers, in order that there
santed to shareholders. The above Company pound of the existing mill. This decision has $16,000.00 might be homogeneity of system and the is c
recent general meeting 2,259.77
necessary understanding between the com- is certainly not lacking in assets over liabili- been approved at
ties, and is therefore perfectly sound financially. The net profit of this company for the batt-year and his subordinates. In other Another
poirt I notice with regard to the liabiis Y266,034, of which Y90,000 has beca place! 10,303-43 words, if the corps anxious for employment
tities
that nothing appears to be to the reserve, Y160,000 allotted for dividend set forth 30,229-33 in the Foreign Settlement they must come in ow!
Owl debi
of 16 per cent. per annum, and the to the Bank, so that the Company is clear at the rato i on the Settlement's terms. It is open to c
to doubt
and has a substantial sum to balance carried forward. whether this stipulation would be acceptable collect for Accounts Receivable and The Osaka Spinning Company's dividend is to the Chineas Volunteers, for it would un-
Reserve Fund" Lladillfies.
doubtedly introduce into the existing organisa-
,which should be 22 10% of Capital at the rate of 20 per cent per annum, after provision for de providing for the reserve, &c., which absorbed tion an element hardly contemplated by the terioration of machinery, spoli, &c.
$134,000. June 30, 1966.
originators,
When the investing public realise that the Amount of capital, 80,000 shares,
of $15 each fully paid up.........$1,200,000.00 be fict that the blacie Volunteer Corps Shanghai Dock and Engineering Company, Amount at credit of depreciation
will not be available for practical purpose Ld, is sound concern with a good business 603,000.00 within the limits of the Seulement need not in and a still better future, and that the capital and insurance fund gan Amount at credit of equalization
and way damp its enthusiasm. It may possibly
will
I have been reduced by disposing of surplus of dividend fund.........
commerd itself to those who are directing the 250,000.0
anets, they will not be slow in sacking to Amount at creds of investment
movement, for, as there will be no need to arm
acquire shares, and then will be the time for 144,386.6 the volunteers the corps can be increased pretent holders of shares to realian how these fluctuation account Unclaimed dividends
5,676.00 indefinitely without adding to their financial
shares have been absorbed during the time low Sundry creditor, alt 25,135.91 burden. The most sup
superficial glance at
at the prices ruled, and during the period of stagna. Hongkong and Shanghai Banking
men under training is sufficient to convince tion through which we have been recently Corporation, current account ... 31,406.30 overyone of the advantages to be derived from passing.Yours faithfully,
a serious curie of military drill Not only do Amount at credit of profit and loss
account
86,464.97 the men exercise their muscles and lears to
Loans on mortgage mumsoda igr Interest accrued...
Premia on marine policies unex-
pired... un Sundry debtors puss Repairs to teamén special account
ja mernouaietanankangale
15,000 00
$1,340,169.77
of
ASSETS
LIABILITIES,
Hongkong, and August, 1906, $2,345,169.77
PROFIT AND LOBB ACCOUNT. June 30, 1906. Dr.
To Amount paid for repairs to
•■teamers..cuius
#
-$3.795,339-43 Directors and Auditors' Frez
Balance to be appropriated, vizi- $3.791/1194) Dividend of St per share
on 80,000 shares communāta,900,00
hold themselves erect, but they begin to take a pride in their beating, while ospiti de corps makes for a moral uprightness that cannot fail to have a salutary Influence. Modem educa. tion recognises the necessity of developing the muscles as well as the brain, but bilberto in the Chinaka system the latter has been exploite od altogether at. the expense of the former. $45.905.77 The movement in favour of physical culture 4.750.00 pure and simple, therefore, should not be confined to Shanbal, but might be largely extended with advantage throughout the Empire
The Mousselino Spinning Company of Osaka has decided to increase the weaving looms by 200, and has issued debentures to the amour.t of Y450,000. The net profit of the company for the hall-year is estimated at Y65,200, and a dividend, at the rate of 8 per cent. per annum, will be paid, absorbing about Y40,000.
:
ALICE MEMORIAL HOSPIZAL,
3rd inst, The Hon. Treasurer of the Alice Memorial and Affiliated Hospitals begs to acknowledge with thanks, lie following donations to the Hospitals:
Calontal Government......$300 Insurance Cos. Guild ................ 200 H. E Sir Matthew Nathan 100 Fruit & Vegetable Dealers' Guild 100
Boogkong & Kowloon Wharf &
Godown Co. ****
Mrs. Leang30
Lau Chin Ting...........
100
Hongyong & Whampoa Dock Co. 100
50
50
Leung Sai Tauen ...................
50
Abdoolally Ebrahim & Co.......... 35 Bradley & Co...
25
niom.
.....
Carmichael & Clark
Dairy Farm Dennys & Bowley Gilman & Co.
Farm Co., Ld.
Grossmann & Cħaumen Holland China Trading Co. Tebsen & Com
Lamke & Rogge Linstead & Davis
W. R. Loxley & Co........ D. MacDonald & Co.
A. R. Mary H. N. Mody H. M. H. Newazen E, Pabaney
Palmer J.J. do
Remedios & Co.
M. W. Sladom) name Talati &
Co.
Wing Kee
& Co. Elis Kadoorie, zicemanageme
F. Bornemann ...
Gaupp & Co........................
Kruse & Co. me
Lauts Wegener & Co. ..................... A. Becker.z
Castro....... D'Almada s
& Hough cazziamo
F. X.
Hughes
H. Hurthouse .......................
Kolly & Walsh, Ld. ................................
Carl Mittel
R. Martens
Mutual Stores AIRSTRA N. Mody & Commanamenier Noronha & Co................ P. N. H. Cha Nam
A, Chassion & Co.
DW.Craddock...i Gu des
C^,
Levy Hormanos .................. Dr. Chadwick Kew, many summari Kuhn & Komes........................................ M. S. Northcote
2.
J. Ullmann & Co, stetigine Kwan King Hange pre
10
WHILE the Yau-ma-ti steam Isunch Lai Wo was at her wharf in Connaught Road Central,on Thursday afternoon; a listio Street Arab walked Ian board, entered the room occupied by the cook, and came out with a bundle of clothing. He ran up the wharf and was making for the
when a nearest pawnshop with the things, little bigger than himself,
approached him. That was the cook of the launch. Recognis THB Hocht publishes a report from Sasebo to ing his clothing, he asked the boy where he the effect that it is probable that the Mikasa got the bundle from. The boy replied that the will be refloated in the course of next month. cook of the Lot We gave them to him. Know. Despite discouraging rumours which have been circulation, the naval authorities are satis gave the stranger in Sit-Will you be so kind as to oblige meing perfectly well that and many others by giving me a little space in nothing, he made the police a present of the fied that the vessel will be able to resume her your widely read paper, to call attention to a young thief. The charge was admitted at the duties as a battle-ship. It is stated that means great nuisance which is maintained. In Caine Police Court on Friday, and Mr. Gomperis have now been found to check the inflow of Road, for which we shall thank yog. During ordered the accused to receive twelve strokes water through the chief vant, which has bean reached with much difficulty owing to the mud, the summer months Calòs Rord affords a very of the birch,
RUBBISH HEAPS IN CAINE ROAD,"
TO THE EDITOR OF THE "HONamona IrukaraTH,”