COMPANY REPORT.
A S. Watson & Co., Limited,
The report of the general
THE HONGKONG TELEGRAPH, ‹ SATURDAY, MAY 25, 1912.
casioned by the looting of Ching-Less Building kong Branch and the burning down of Hankow Native Branch during the Chinese revolution. A claim for this armount has been
lodger against the Chinese Gov managers for the year ending ater at Peking, and, in the event ernment through the British Mini- December, 31st 1011 for pre-of tho claim being met, the amount sentation to the shareholders at the twenty-soventh annual recovered will be credited to Per- ordinary general meeting of the manent Reserve Fund. company since, its registration) Consulting Committee. to be held at the Hongkong Hotel on Saturday, June, 1 1912,
Improvements written off Escolta Яедно, Manila, and included in
Loss on anla
o! Manila Branch
...7,980. 0
and other Machinery
The existing Consulting Com-Aerated Water mitico consists of Hon. Mr. F. Osborne, Mr. H. P. White, Mr. J. Gentlemen,We beg to lay be-Scott Haraton and Hon. Str C. P.
at 12.15 p.m.;--
Chater, C.M.G.
Auditors.
The appoint
The Company's Accounts at the Head Office have been audit- od by Mr. Francis Maitland and W. Hutton Potts, who offer thom- selves for re-lection,'
fore you a statement of the Commont of Sir Paul Chetor requires pany's busines, with a Balanco Sheet for the year ending the your confirmation. 31st December, 1912. The Net Profits of the Company for tho twelve months un- dor review, after paying all charges, including the salary of the Genoral Mangers, and pro- viding for all bad and doubtful debts, allowing for loss on subsidiary coins, the payment of au ditora feos, $500, and including $540.90 unclaimed dividends forfeited,
nmount to...........$31,357.88
To which has to bo
added the balanco
Hongkong, Moy, 23rd 1912.
John D. Humphreys & Son,.
General Managers.
Balance Sheet,”
Linbilities,
Capital Acent....................... $900,000.00
l'ermanent
Raseste
fuád ........... $200,000,00
Loss Final
Lukso in
closing
Brauct
at Manila
and Mac.
Lavish and
Lehmann, Shanghai. $38,018.25
brought forward
from the previous
year.....
4,120.80
Les Loren
incurred
$35,487.74
From this thore us to be de-
ducted:
General
Mana....
KOTH
Com
mission
of 5 per
cent.on the not
profits
for the
year, its
per Ar-
ticle 80
of the O o in- pony's Articlos of A680-
ciation.
Reman- erntion of the Con- sulting Commi-
per Ar-
1,567,80
On account
of the boot-
ing
of
Chiogkong
Branch
and the
burning down of
Bankow
Chinese
Branch
7.043.23
Leal & General
Liabilities
in the East,
and in Ame- rien
Local & General
40,00 1.13
Landon...... 9,852 18
322,699.31 -
Liabilities in
Mortgage on
Suction
D.
of
Inland
Lot No. 19
and tho
Buildings
thereon..... 48,000.00
Mortgage on
Shameen
Canton And
134,938.62
831,451.40
ttoo as
Lot No. 74
tiola 92, 2,000.00
3,567,89
the Building
Leaving
thereon
45,000.00
avail-
---33,000.00
able for
appro- printion We pro-
pose to write off Build- ing In-
prove.
mants,
Furni-
tura, Fittings, U ton- sils of Trade, Aerated Water
Plant and Ma-
chinery $30,000.000
To carry.
forward
to 1912
account. 1,919 85
Bill Payable Hongkong al
Chins
$31,919.85 glaimed Dividends....... 3,103.77
Seetrity Deposits from Stuff, 17,950.03
Profit and Loss Account:
Forward from 1910
Account.........1,129 80 Net Profit, 1911 31,957.88
Total Stocks
in Trade..... Building Im- provements, Furniture, Fittings and Trade Uton- sil ni Bong-
| kong, Canton,
Amoy, Tien- tain,and Shanghai; and Native
Assets,
and Plant at Hongkong
Aniny, and Shongtini:--- As per Inst account......
Written off for
Depreciation. ia Jone, 1911
I
A FORTUNATE VISIT.
We certify that we have obtained all the information and explanations we have required, and, in our opinion, the Balanco. A visit to a pawn shop in con- Shoot referred to in the report is noction with one cash brought o properly drawn up so as to detective into close contact with exhibit a true and correct view of a man who was wanted in another. the state of the Company's affairs The officor was in the pawn shop to the best of our information and searching it for a missing articlo 17,058 82 tho explanations given to us, and when a Chinese came in and offer- as shown by the books of the ed for pawn a gold plated watch. $78,560.00 Company and the return from As it resembled one that had been the different branchos. The reported as stolon he seized the slocks at Hongkong ace as man and hold him. It was sub- cortified by the General Managers, Bequently found that the notion of and those at the various branches the officer had turned out to be by the Company's Branch Mana- correct, for the watch was the one gers.
which is supposed to have been F. Maitland, stolen from a window sill in a W. Hutton Polts, lavatory in the new Law Courts. Auditors. In addition forty-four cents in Hongkong, May 23, 1912. inongy were also takou nt the same time. The prisoner when charged London and Lancashire Fire
said that the watch had been given Insurance.
him by a friend.
$150,451.09
Added during 1911...
6,046.22
$130,406.47
17,71189
Disposed of be
of Manila Branch......
Sto maunch, Steam igh- ter. Cargo
Wator
Boni and
Bonts. 20,615,43
Gool Debls
dus from
Customers.. Sundry
Debtors
Cash in hand $12,142.84 Cash at Bank...1.742.42
Fire insure
Premin and Licencas En
expitei
Section E. of
Intard
Lot
No. 19 and the wildings
Tho 50th Annual Report of the London and Lancashiro Fire In-: surance Co, shows that the Com- $148,118.96 pany has enjoyed a remarkably
good year.
To-day's Advertisements
Q.
R.
In the Fire Department the not promiums amounte to 41,601,86 | £1,607,108 and the not losses, to £750,144. The total earned sur- 06,516.78 plus of the Company for the year PARTICULARS and CONDI
is £416,000: Included in the TIONS of the Lotting by Public Report is a detailed statement of DAY, the 28th day of May, 1919, Auction Salo, to be held on TUES- the Company's results since its at 3 p., at the Omess of the Public commencement, which is a record Works Department, by Ordor of His
200,69174
101,504,01
37,41440)
1
of steady and persistent progress. Excelloney the Ollicer Adminstoring Tu view of the excellent financial he Government of Ooo Lot of position of the Company the Crown Land above Test Taz Mui Vill- dividond has been increased toge in the Colony of Hongkong, for 50 per cent.
a torm of 75 years, with the option of renewal at a Crown Rant to be fixed by the Surveyor of His Majesty the King, for one farther term of 75 years. PARTICULARS OF THE LOTS.
---- 13,875.26
+
thereon...... $60,000,00 Kowloon In
tand Lot No. 1208 and the Buildings
thuren 27,000.00 Morino Int
No, 293-and
the Buildings
theroon -
As per In-t.
Acco$81,082.95 Expanded dur
ieg 1911...
· San Jacinto- baud
and Buildings.
63.000.12
Mouila.........20,385.68
Extra Concession
Lot No. 78 and
the Buildings
thereon, Canton 4,460.00
Shameen Lot No. 74 nuid the Build- ings thereon. Canton.......$2,000.00
Lenso of Pranines
Nos. 72, 74, 76 Escolta, Manila
(transferred
from Building
Improvements,
COMPANY MEETING.
Star Ferry Company.
At the offices of Messrs. Dod- well & Co., to-day the Fourteenth 4,229,14 | Annual Meeting of the Star Ferry Company was held. Mr. G. F. Medhurst (Chairman) presided. Those present were Sir Paul Chator, Hon. Mr. O. H. Ross (Directors) Moasra, W. H. Potts,
J. Hoopor, E: D, Haskell, Wong
LOCALITY:
H.
Bundary
Mes d'renzen.
14,
feel feet feel leet
܂܂
110,go wali au7
Kam Fook, and the Hon. Mr. E. Hongking. 25th May, 1912. Osborne (Secretary).
Report Adopted.
The Chairman proposed the
adaption of the report.
Mr. Haskell seconded.
Chairman's Address:
G.
R.
NOTICE.
[897
BUTTER.
BUTTER.
JP
We are pleased to announce that the selling. prices of our different BRANDS BUTTER at
present are as follows:-
REDUCTIONS
*DAISY
DAIRYMAID
BRAND 80 cents per Ib..
BUTTERCUP"
70
65
PASTRY
THE DAIRY FARM CO., LD.
GARNER QUELCH & CO. WINE MERCHANTS.
DES VŒUX ROAD.
TELEPHONE 030.
Supply the highest quality Wines, Spirits, Cigars and Cigarettes obtainale, consistent with price. All Wines and Spirits bottled in Europe, by Shippers of world wide reputation.
Hongkong, 15th January, 1912.
DON'T FORGET,
To-day.
Second Gymkhana Mooting, 3 p.m.
Auction of Race Ponies, Happy Valloy.
Monday, May 27. Boy's Own Club Sports.
Tuesday, May 28.
China Borneo Co. Meeting, 12.30 p.m..
Friday, May 31.
Noon. Watkins Ltd. Annui Mooting.
Saturday, June 1. 12.15 p.m. Twenty-seventh N consequence of repairs to the
CONDUIT conveying water to the Annual general meeting, A. S. City, BOWEN ROAD is CLOSED Watson and Co.
until further notica for all trafic for a distance of about half a milo from Ils
The Chairman said : The Report and Accounts have been in your possession for -146,088.07 several days and I propose there eastern extremity where it joins the
fore, with your permission, to Tytam Road. accept them as road.
Traffic receipts showed a con- aidorable increase over the pre- vious year, and as working ex- penses wore practically the same, we are able to present a larger balance of profit and to recom- mend an increase in thò dividend. The finishing touobes to the
(Bd.) W. CHATHAM, Water Authority. Publio Works Office. Hongkong, 26th May, 1912.
HONGKONG WEEKLY
TELEGRAPH.
ASAHI REER SAPPORO BEEL
TO BE OBTAINE
[21
WINE DEALESN Note our Price $12.00 per caso con-
talning 4 dozen quaris er 6 donan pints.
[70
WHAT DO YOU KNOW ABOUT
ISUAN ?
"TASTE IT"
'THE' MOST DELICIOUS NATURAL MINERAL WATER IN
[888
3, Daddell Street,
THE WORLD!
THE CHINA COMMERCIAL COMPANY,
Tel. No. 1208.
[387
Ice House Street pior are not Contains all the news of the PERFECTION WHISKY
quito complete, and there will week in a most attractive form also need to be some changes in and is the paper for mailing to the arrangement of barriers for friends at Home, with photograph the better regulation of traffic, a
rather difficult mattor, consider of the P. M. S. S. Company's ing the narrowness of the pier, steamer, Koros, However, when everything is
-$5,487.74
&c., account)
(Penos 86,000
$1,096,778,92
-at Ex. 90,8-4)09,069,42
304,064.17
Mortgage by
finished, I feel sure the improved accommodation will be appre
ciated by the public; and, although
Watson
Branches:
As per last
Account ... 54,518 15
$31,219,85
Written off
for Deprecia-.
During the year the Company's tion in June,
Branches at Manila, and Macta- 1911. 18,954.78
vish and Lehmann, Shanghai,
were sold:
The sale of Manila
Branoh resulted in
a loss of .....2681 386 $119,251,70
And the sale of Mac-
tavish and Lob-
mann
Branch,
Shanghai, rosulted
in a loss of ......... 18,766.55
Making a total loss of. $138,018.25
$185,568.87
Added during
1911 ******
:
1,884.65
$144,947.02
Less Furni-
ture and Fittings. &c., dís posed of by Rale of Branchesin.
8748,876.77 the A. B.
North Chios and at Manila 824,829.50
In the Statement of Accounts for 1910, provision was made in Contingency Account of $100,- 000 against expected losses in closing these branches. The Le balance of $88,018,25 has now been transferred to. Permanent Reserve, Fund. There has also been transferred to., Permanent Reserve Fund the sum of $7,063,28, the amount of lowes cosa
$120,618.62
Building Improve mente trans- ferred
to Escolta
Manila Bertind
Co., Incor-
perstad, Manila (P. 80,- 000 at Ex.
90.8-4)...$38,067.85 Mortgage by Philip-
pines Drug Co., Insor-
porsted,
Manila.
(PK. 62,-
968.25 at Ex.90.0-4) 00,881 80
the structure is a costly one, I Day by Day... think we may look forward with Passengers' Lists confidence to suol increase in Hotel Liets
traffio as will justify the outlay. Steamers......
At an early date proposals will Commercial,
CONTENTS.
Pages.
1-5 6-7
7
8- 9
.10-11
.; 12-21
.22-32
33-38
42-45
be placed before you, having for The Courts.......
their object the calling up of un- Telegrams
paid Capital and the capitaliza- Leading Articles........ tion of a portion of our Reserve Notes and Commonte......39-41 fund,
Sport
I will not enter further into the Canton and Coast Porta...46-47 matter at present,, as full details Directors and Their Lia- will be forthcoming when the pro- posals are submitted for your con
102,442.15 | sideration,
$1,085,778.32
Dr. Profit and Loss.
To Balanes
By Balance from
.$15,487.74
85,487.74
J. A. Tarrant,
· Aoting Secretary.
Contra.
1910 Account $4,129.86 Net Profit
1°11 Account 81,057.89
Or.
Appointment of Director. Mr. Haskell morod that Sir Paul Chator's appointment to the Board of Directors in the place of Mr. C. Gordon Mackie, resigned, be confirmed.
Mr. Wong Kam Fook seconded, and the resolution was carried unanimously,
7
Mr. Hutton Potts proposed the re-election of the Hon. Mr. O. H. Ross to the Board of Directors,
Mr. Hooper seconded, and the resolution was carried.
ཙཱ།
Mr. Wong Kam Fook proposed that Mr. W. H. Pott's be re-elected auditor.
48-49
bilitios, Duties and Powers..... Legislative Council.........49 Death of Denmark's King49 The Monster Petition ......50 Great Financial Stress ...50 Alice Memorial Hospital...50 Washermen on Strike......51 Bishop Pozzoni Leaves for
Italy Excellent Military Concert 51 Dr. Sun Yat-sen............51 The Plague IRENATA
...52. Canton's Grest Need ......52 Presentation to Mrs. Gor
don .........ajies ....52 The Theatre Royal.........52-53 The Monteith Caso.........53 Chamber of Commerce...53 Dr. Sun Yat-sen 58-54 The Sanitary Department 54 Sanitary Board 54-55 A The Motor Car Petition ...55-56. The Chairman: Dividend war The Buelow..................56 rante may be had on application Legislative Council.................56-57 after Tuesday the 28th fast, B. E' Address 57–59 Thank you gentlemen for your Alice Memorial Hospital...69 attendance,
$86,487.74 Mr. Hooper seconded, and the
$85,482,74
Jo'n D. Humphrys & Son, 3. Ogantal Managers,
resolution was adopted.
Interpost Praction
IS ALWAYS
PERFECTION IN ITSELF
AND
"Worth having"
having
THE BEST "SCOTCH"
Perfection
WHISKY
PROPRIETORS,
D.&J.MCCALLUM. EDINBURGH.
PERFECT IN MELLOWNESS, PERFECT IN BOUQUET,
PERFECT IN PURITY
AND
PERPECT DRINK WITH TANSAN. PRICE PER DOZ., DUTY PAID
BOLE AGENTS:
Tel. No. 185.
$21.00
GANDE. PRICE CO., LTD.
Wine Merchants, 12, Queen's Road Central, Hongkong
Page 5Page 6