ABSTRACT OF ASSETS AND LIABILITIES, HONGKONG AND SHANGHAI
BANKING CORPORATION.
31st December, 1888.
626
LIABILITIES.
PAID-UP CAPITAL,.
$ 7,500,000.00
CASII,
RESERVE FUND,
$4,000,000,00
Difference afc 8% Indian Govern-
ASSETS.
$ 9,147,354.84
ment Sterling Loan written up 87,567.56 from £86 to £95,.....
MARINE INSURANCE ACCOUNT,
4,087,507.58
250,000.00
NOTES IN CIRCULATION,
DEPOSITS,
$ 5,609,638.78
INVESTMENTS, viz. :---
£100,000,.. .24 Consols. £150,000,..... .. Indian Govt. Sterling Loan.
The above lodged with the Bank of England as a Special London Reserve...$1,540,540.54
Rs 5,000,000, Indian 4, Govt. Loan, 2,195,945.91
76,745,737.48
$2,355,376,76
BILLS PAYABLE (including Drafts on London Bankers and Short Sight Drawings on London Olice against Bills Receivable and Ballion Ship- ments),
19,570,947.34
3,736,486.48
BILLS DISCOUNTED, LOANS AND CREDITS,... #2,163,552.23
BILLS RECEIVABLE,
BANK PREMISES,..
48,541,228.89
PROFIT AND LOSS ACCOUNT,
874,087.03
DEAD STOCK,
937,727.03
111,630.12
$114,637,979.59
$114,637,979.59
PROFIT AND LOSS ACCOUNT, HONGKONG AND SHANGHAI
Dr.
Te AMOUNTS WRITTEN OFF:-
Remuneration to Directors,
To DIVIDEND ACCOUNT: --
BANKING CORPORATION.
31st December, 1888.
10,000,00
£1.10 per Share on 60,000 Shares£90,000 @ 46,... 400,000.00
To DIVIDEND ADJUSTMENT ACCOUNT:-
Difference in Exchange between 4/6, the rate at which the Dividend is declared, and 3j0j, the Current rate of the day.....
To RESERVE FUND,..........
To BALANCE carried forward to next half-year,
391,780.82
212,432.44
50,874.47
$874,087.98
By Balance of Undivided Profits, 30th June,
1888,.....
By Amount of Net Profits for the Six Months
ending 31st December, 1888, after de ducting all Expenses and Interest paid and due,...
RESERVE FUND.
Cr.
$ 10,441.36
863,616,57
$$74,087.93
$874,087.93
To Balance on 31st December, 1898,
$4,300,000.00 !!
By Balance on 30th June, 1888.
By Difference Account 3, Indian Govt. Sterling Loan,
written up from £50 to £95,
.$4,000,000.00
87,567.56
By Amount transferred from Profit and Loss Account,... 212,432.44
$4,000,000,00
$1,300,000.00
T. JACKSON, Chief Manager.
W. GASKELL, Acting Chief Accountant,
J. BELL-IRVING,
WM. H. FORBES,
Directors.
H. L. DALRYMPLE,
We have compared the above Statements with the Books, 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.
HONGKONG, 8th February, 1889.
P. RYRIE,
F. HENDERSON, Ï
Auditors.