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REPORT ON MELCHERS AND COMPANY. HONGKONG. 314
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The total profits for the whole business during
the last four years were: -
8.124,000
71,000
1910
1911
1912
79,000
1913
57,000
!
The Capital for the Hongkong branch stood at
8.600,000 until 1912 when it was reduced to 8.300,000.
I understand that this reduction was connected with the
transfer of the head office to Shanghai in that year.
This is however not clear as all profits since 1910 were
annually transferred to Shanghai.
The Company held the agency for the Nord Deutsche
Lloyd which produced an average commission during the
years 1910-1914 of about 8.50,000. They are agents also
for the Germanische Lloyd and other small companies. As
agents for the Nord Deutsche Lloyd they received 5% on
cargo to direct ports, 3% for transhipment cargo and 5%
on passages with the exception of those booked through
Cook's on which they received 2% only.
They