270
40163
Brought forward
4.
London Consulting Committee:—
£ 5. d.
Annuity of £150 to Mr. Gulland (aged 64)
1,278 13 6
19
Mr. Cuthbertson (aged 57)
11
13
Mr. Finlayson
1,577 5 0 1,668 5
0
11
D
Mr. Mansfield (aged 55)
1,655 17 0
"
Mr. Currie (aged 61)
1,415 13 3
Extra £150 for Chairman, average age 64
5. Compensation to Mr. Fraser, Secretary in London (annuity of
£500 per annum, aged 54).
Compensation to Mr. Gray (annuity of £66 13s. 4d. per annum). Compensation for four clerks:-
1,278 13 6
88,773.00
(No. 441.) SIR,
271
No. 282.
GOVERNOR SIR J. ANDERSON to MR. LYTTELTON.
(Received November 11, 1905.)
Government House, Singapore, October 19, 1905. I HAVE the honour to forward, for your information, the enclosed copy of a letter from the Secretary to the Tanjong Pagar Dock Company, Limited (with enclosures), applying for payment of $891,675.02, which is claimed as the amount of profits on the Company's undertaking available for immediate distribution as dividend.
2. I also enclose a copy of the reply which I caused to be sent to the Secretary.
I have, &c.,
JOHN ANDERSON.
E. Green (two months' salary)
Woods
£ s. d.
58 10 0
45 10
0
39 0 0 22 15
0
76,190.00
P. H. Green
Barratt
6. Directors' fees for, say, one year from appointed
date
Consulting Committee fees for, say, one year from
appointed date
Clerks salary:-
Mr. Fraser, for, say, one year from appointed
date
Mr. Gray, for, say, one year from appointed date Mr. E. Green, for six months from appointed date Mr. Woods, for six months from appointed date Mr. P. H. Green, for three weeks from appointed
date
$22,500.00
9,450.00
6,000.00
2,000.00
1,170.00
455.00
45.00
Mr. Barratt, for two weeks from appointed date Additional office expenses occasioned by the expro-
priation
17.50
15,000.00
56,637.50
7. Loss by reason of deprivation of profits from 1st July, 1905, to payment of compensation less $12 per cent. interest payable under Ordinance for one year
1,036,000.00
$74,185,413.65
8. An allowance for cost of re-investment to cover brokerage and
stamps 1 per cent, on claim
741,854.13
9. An allowance for recoupment of loss of interest from date of com-
pensation pending distribution and re-investment 2 per on claim
cent.
10. An allowance for the costs, charges, and expenses of liquidation
1,483,708.26 100,000.00
$76,510,976.04
N.B-Subject to any alterations caused by variation in exchange and in the dates pon which the above calculations are based.
Dated at Singapore, 16th October, 1905.
DRUCES AND ATTLE, Solicitors,
For the Tanjong Pagar Dock Company, Limited.
Enclosure 1 in No. 282.
The SECRETARY, Tanjong Pagar Dock Company, Limited, to the ACTING COLONIAL SECRETARY. SIR,
Singapore, October 14, 1905. WITH reference to Section 6 of "The Tanjong Pagar Dock Ordinance, 1905,” I have the honour to enclose herewith a duly audited statement of the Company's accounts for the half-year ending 30th June, 1905, and also a notice calling an extraordinary general meeting of shareholders for the purpose of adopting such accounts and declaring a dividend.
Such meeting was held yesterday, the 13th instant, and the resolutions as per the notice of meeting were duly passed. I therefore have the honour to request Government to pay over to this Company the sum of $891,675.02, being the balance shown on the certified accounts representing profits available for immediate dis- tribution as dividend and legally distributable as such.
I have, &c.,
J. S. M. RENNIE,
Secretary
Tanjong Pagar Dock Company, Limited.
Enclosure 2 in No. 282.
The ACTING COLONIAL SECRETARY to the SECRETARY, Tanjong Pagar Dock Company,
(Misc. 8416/05.)
Limited.
SIR,
I AM directed by the Governor to acknowledge the receipt of your letter of the Tith instant, forwarding a statement of the Company's accounts for the half- year which ended 30th June, 1905, and requesting that the Government will pay over to the Company the sum of $891,675.02, which is alleged to be the balance shown on the certified accounts representing profits available for immediate distribution as dividend, and legally distributable as such.
Colonial Secretary's Office, Singapore, October 17, 1905.
2. Section 6 of the Tanjong Pagar Dock Ordinance, 1905, directs that the accounts and balance-sheets of the Company up to the appointed date shall be made up and audited in like manner and with the like incidents and consequences as nearly as may be as if the Ordinance had not been passed.
3. The Government considers that the balance-sheets now presented have not been made up in the manner prescribed. No allowance has been made for depre- viation or for carrying forward a sufficient sum as working capital.
4.
Under these circumstances I am directed to state that the Government. aleclines to pay the dividend until the balance-sheet has been amended.
I have, &c.,
E. L. BROCKMAN,
Acting Colonial Secretary,
Straits Settlements.
PUBLIC RECORD OFFICE
Reference :--
TILLC.O. 882
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PUBLIC RECORD OFFICE, LONDON
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH—NOT TO
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