TELEGRAMS:-"CELESTOR", LONDON. - "EXPLANATE, HONGKONG, SHANGHAI, TIENTSIN OR SINGAPORE. CODES:- A.B. C. 5TH. ED., WESTERN UNION, BENTLEY'S.
INGHAM &
MATTHEWS,
RED
ACCOUNTANTS.
TTHEWS, F.C.A.
TERSON, A.C.A.
MING, C.A.
MAN, C.A.
SHANGHAI:-
TIENTSIN:- 1 LONDON:-
SIX
INE
BUILDING.
TORIA ROAD.
HURCH STREET, E. C.3.
AGENTS: LOWE, SMYTAM & DUNMAN,
LAIDLAW BUILDING,
SINGAPORE.
TELEPHONE
506.
CHARTERED
BANK BUILDING,
157
QUEEN'S ROAD CENTRAL,
HONGKONG, 26th August, 1926.
The Hongkong, Canton & Macao Steamboat Co., Ltd.,
and
The China Navigation Company, Limited.
Dear Sirs,
We have the pleasure to attach, with their respective reports, Summaries showing the additional Losses up to 20th
April last incurred through placing your Steamers on the Canton run last year.
After making due allowance for the estimated expense
of laying the vessels up, which would have been the alternative,
we compute the losses at
H.K. C. & M. S. Co. "Honam" and "Lungshan"
C. N. Co.
$38,166.80
"Fatshan" and "Kinshan" $ 27,156.42
making a total Loss of $65,323.22 through reinaugurating the
service.
We are, dear Sirs,
Yours faithfully,
Lowerkingham Matthew