8
TELEGRAMS:-"CELESTOR" LONDON. - "EXPLANATE, HONGKONG, SHANGHAI, TIENTSIN OR
CODES:- A. 8. C. 5TH. ED., WESTERN UNION, BENTLEY'S.
SINGAPORE.
LowE. BINGHAM &
CHARTERED
MATTHEWS.
ACCOUNTANTS.
TELEPHONE
506.
107
SHANGHAI:- TIENTSIN:- LONDON:-
F.N. MATTHEWS, F.C.A.
R.A.E.PATERSON, A.C.A. JOHN FLEMING, C.A. E. F. HARDMAN, C.A.
GLEN LINE BUILDING. 128. VICTORIA ROAD. SI, FENCHURCH
CHARTERED
BANK BUILDING,
QUEEN'S ROAD CENTRAL,
STREET, E.C.3.
HONGKONG,
26th August, 1926.
AGENTS:
& LOWE, BINGHAM
LAIDLAW
DUNMAN,
BUILDING,
SINGAPORE.
The Hongkong, Canton & Macao Steamboat Co., Ltd.,
HONGKONG
•
Dear Sirs,
As instructed we have examined your Books,
Accounts and Vouchers to check the attached "Summary of Working Account" of the S.S. "HONAM" and S.S. "LUNGSHAN"
for the period 3rd September 1925 to 20th April 1926,
inclusive, and the accompanying Schedules for the same
period, viz :-
G
(1) Statement of monthly working.
(2) Statement of monthly disbursements.
(3) Estimate of monthly cost of laying up
(a) S.S. "Honam" (b) S.S. "Lungshan".
The S.S. "Honam" recommenced the Canton run on
3rd September 1925 and continued until 27th December 1925
when the S.S. "Lungshan" replaced her.
The Statements submitted therefore represent
"Honam" earnings up to 27th December while the Lungshan
"January" earnings cover the period from 27th December
to 31st January Monthly expenditure on the two vessels
has not been apportioned to these dates but we have
satisfied ourselves that the losses shown are not over-
stated by this method of working.