Page
FRIDAY, MAY 14, 1920,
COMPANY REPORTS.-"
HONGKONG ELECTRIC COMPANY LIMITED.
The Report of the Board of Directors to the Thirty-first. Ordinary yearly meeting of shareholders, to be held on May 22, reads Your directors have the pleasure to submit the accompanying statement of the company's accounts for the year ending 29th February, 1920.
The balance at credit of profit and loss secount available for appropria- tion, after allowing for depreciation is $337,574.08, and your directors
recommend that this be disposed of as follows.
To pay a dividend ot, »
$2.25 per share on 60,000 shares
To pay bonus of 75 cents per share
To pay a bonus to star
*****
To carry forward to next Account.....
$ 135,000,00 45,000.00
22,323.97
135,250.11
$337,574.09
Directors Mr. S. H. Dodwell having resigned on leaving the Colony. Mr. G. M. Dodwell was invited to fill the vacancy. This appointment. requires the confirmation of Shareholders.
The Hon. Mr. Lau Chu Pak has joined the Board, and this now requires the confirmation of Shareholders.
In accordance with the Articles of Association Hon. Sir C. P. Chater, CM.G. and Hon. Mr. J. Johnstone retire, but being eligible, offer themselves for re-election.
Auditors. The Accounts have been audited by Mr. C. Bernard Brown, A.C.A. who retires, but offers himself for re-election.
A. O LANG,
Chairman.
Hongkong, 5th May. 1920.
BALANCE SHEET.
LIABILITIES.
Capital Athorised and issued
Reserve Account
Sundry Creditors
·50,000 Shares each $30 fully paid up....
Dividends unclaimed
Profit and Loss Account
Undivided Profit as per last account
Net Profit for the year ending February 29,
1920...
THE CHINA MAIL.
1919. Account-The Balance of Working Account" on the 31st December, 1919, was £926,829 18. 0. as per annexed statement.
The Board recommends that an interim dividend of 24/- per share be paid to shareholders, absorbing $118,200 and that a bonus of 20% be paid to contributors, absorbing about £50,000, and that the remainder be carried forward.
Directors. Since the last General Meeting Mr. S. B. Dodwell and Mr. R. Ress Thomson have resigned their seats on leaving the Colony and Mr. G. M. Dodwell of Messrs. Dodwell & Co., Ltd. and Mr. G. T. Edkins of Messrs. Butterfield & Swire have joined the Board.
In accordance with Clause 80 of the Articles of Association the Hon. Mr. P. H. Holyoak and Mr. W. L. Pattenden retire, but offer themselves for Auditors. The Hon. Mr. A. R. Lowe and Mr.C. Bernard Brown retire,
JOHN A. PLUMMER,
re-election..
but offer themselves for re-election..
Hongkong, May 12, 1920.
Chairman.
WORKING ACCOUNT, 1918.
ON CEMBER 31, 1919. DR.
To Nelt Premium Interest...n
**** 1.516,443 17 252,453 4
CR..
Head Office, Branches and Agency Charges
By Agency Commissions.
re
>1
VRELERON Remuneration to Directors, Committees and Auditors Losses and Claims paid
...Bonus of 20 per cent. paid to Contributors
By Agency Commissions.net
Head Office, Branches and Agency Charges.
... Remuneration to Directors, Committees and Auditors.
Losses and Claims paid Balance
consticiaszam
8. d.
£ 1,768,907 1 5.
BARRIE'S BEGINNING.
The story of the beginning of the career of Sir James Barrie in England is told by. Mr. H. G. Hibbert, who the Nottingham Daily Journal, in bia was a colleague of his on the staff of book "Fifty Years of a Londoner's Life"
the door of the Nottingham Daily "There was a difüdent knocking at Journal, on a Sunday night. On the dark landing, atop of a broken stair case, stood a small delicate youth, unmistakable from Scotland.
"My name is Barrie. I am the new leader-writer."-
"He proceeded to explain that he was: "a-awfully tired' after the long journey from Edinburgh. He had taken the precaution of writing in the train a leading article which he hoped would satisfy the occasion. And he would like to go home to ibed. The leading article was 9written in pencil, on both sides
of the
two fly leaves, yellow glazed, of a pocket edition of Horace. The writing was minute and regular and most legible--apparent ly. Actually, it was the tonic record £ s. d.
of a Scottish drawl, softly extended, 75,965 7 3
and sweetly unintelligible. Barrie's 149,590 15 108ssociation with the oldest provincial 6,140,19 daily paper, thus begun, extended 728,895 16 11 over two years, and was terminated, it may be, because of the ultrafan- tastic quality of the contribution of The Little Minister it may be be cause he asked for an increase of salary at a moment when dubiety as to the commercial worth in Notting
4.
£ s. d.. 140.672 2 2 137,476 13 2 6017 5 10 551.435 4 B 926,829 18 0
£ 1,812,431
3 8
$600,000.00
Interim Dividend of $30 per Share at 3:6 7:16................... Balance...
960,593 19 9 31,376 14 10 85,875 0 0 €91,062 6 10
600,000.00 690,477 28 17,054.78
£ 1,768,907 1 5
$126,956,31
WORKING ACCOUNT, 1919.
210,€17.77
# 337,574.08
ON 31ST DECEMBER, 1919.
5.
$2,245,106.14 To Nett Premium
ASSETS.
Interest.......
.1,609,640 7 11 202,790 15 9
Expenditure during year
ng magemuse
$ 317,536.00
95,493.83.
£ 1,912,431 3
8
-$ 413,029.83.
$ 464,098.08 91,834.45
555,932:53. 16,263.99
"
539,668.54
361.243.11 337,579.39
$ 699,822.50
138,501.25
- 560,321.24
To "Authorised
$ 334.334.97 12,028.04
each ....
$ 346,363.01 54,566.02
-$ 291,796.99
13
12,755,59 120,883.97
$ 133,639 56 16,932.72
$116,706.84
Furniture, as per last account less depreciation
字
1918-1919:
***
500.00
Expenditure during year ............mmam janmene?
4,880.06
$
$,380.06
Less, depreciation for current year
3,000.00
2,380.06
Motor Car, cost..............
Less depreciation for current year
2,003:00 700:00
Tools, &c., Stock of.......
Land, as per last account
Buildings, as per last account less depreciation
1918 1919
Expenditure during year
Less depreciation for current year ...............................
Plant, North Point and Wanchai as per last
account less depreciation 1915-1919 ......3 Expenditure during year .....
Less depreciation for current year
Mains, as per last account less depreciation
1918-1919...................
Expenditure during year
Less depreciation for current year
Substation Equipment, as per last account less
depreciation 1918-1919. $. Expenditure during year
Lesa depreciation for current year
Installation Material, Stock o..........................................
Stores and Coal, Stock of ...
Insurance, Value of unexpired portions of Policies
Cash with Agents
Sundry Debtors -----
اگر
PROFIT AND LOSS ACCOUNT.
o Agency and Office Expenses......
Rent and Taxes aro
Insurance yourarm
21
Directors' Fees ....
Auditors' Fees
ม
Bad Debts ***
DR.
Less Amounts written off previous year'
recovered
Interest .....
Net Proût
Depreciation...........
BALANCE SHEET.
31ST DECEMBER, 1919.
Capital 200,000 Shares of £10
...................£2,000,000
Subscribed Capital 98,500 Shares of £10 each upon. which £4 per Share called and paid up ................................. Reserve Fund ----
Silver
Sterling
Building Reserve Fund
.. Reinsurancee Fund......
Equalization of Dividend Fund...
Exchange Fluctuation Account........
Underwriting Suspense Account" ...
Investment Fluctuation Account
Working Account 1918 Balance
Working Account 1919 Balance ......... Sundry Creditors'............................
Hongkong, 12th May, 1920,
594,000 0 0
-$3,000,000.00
731,250 0 D
By Cash with Bankers on Current and Deposit Accounts:-
Siver Gold... 1,303.00 5.384.08 By Investments in Silver Securities....... 78.725.18 By Investments in Gold Securities
28,252.19
6,500,00
British...amer Foreign.... 197,914.26 By Sundry Debtors including
3,123.93
$2,245,106.14
$ 18,000.00
19,088.09
13,196.45 3,000.00
4,370.79
2,032 81
600.00
2,337.98 29,800.00 229,963.99 210,617.77
$526,604.28
CR.
By Net Profit on working
..Scrip and Transfer Fees
$526,537.03 67.25
$526,604.28
UNION INSURANCE SOCIETY OF CAKTON, LIMITED.
+
The report for presentation to the shareholders at the forty-seventh ordinary meeting on May 21. says.
The Board has now to lay before the Shareholders a Balance Sheet containing a summary of the property and Habilities of the Society: on December 31, 1919, and a statement of Working Accounta
1918 Account. After payment of the interim dividend of $30 per share and the bonus of 20 per cent to constributors passed at the last annual ameeting there remains a balance of £691,062.6.10 as per annexed statement, The Board recommends that this sum be appropriated as follows C
A final dividend to shareholders" of 16/- per
share on 98,500 shares minimu£. 78,800 -- 0 -0°
~A. bonus`dividend to shareholders of 20/- per
share on 98,500 shares.dk muda 98,500 0:0
An addition to the Reinsurance Fund ................. 150,000 0:0
An addition to the Building Reserve Fund n 30,000 0.0 An addition to Equalization of Dividend Fund..............50,000 0 0 To be carried forward to Underwriting Suspense
Accourt to "close the account: for the 1918
83,762 6 107
£691,0
810
£2,355,161.15.2
****** £875,372,9.10 )
Branch & Agency Balances :—-—-
By Mortgages--Silver. By Leasehold Property....
ham and saneness of his. humour had become acute.
A
"Barrie first asked three pounds a week in response to an advertise; ment. Hm, ye-es, said the senior proprietor. We pay monthly. That will be twelve pounds a month. Barrie, I got to know, was a spend- thrift in generosity of certain kinds. But the ingenious reduction of three pounds per week to two pounds seventeen and fourpence first per plexed and then eternally angered him
**Barrie's "contract for say twelve pounds a month was to supply two columns of literary matter per day. One was to consist of a leading article, as to which general, but never particular, instructions were given, in an eight-page letter from the senior proprietor: Barrie often remarked that he had managed to decipher everything but the religion of the worthy man."
THE JOYS OF PROHIBITION.
}
195,000 0.0. Americans, deprived of liquor, have † 50,000 0. 0 taken to eating ouantities of sweets. 1,960,555 L 4There is a sound physiological reason 50.000 0 0 for this. The body, deprived of ita 161,060 10 10 customary drug, whether it be alcohol 29,615-17 10 o tobacco, craves for a substitute and 304,294 6 & is afflicted by malaise dill it secures 691,062 6 10 onc. But this little truth has also its 926,829 18 0 social and commercial side. Unques- 706,342 7 4tionably much of the money which normally is spent on liquor would $6.200,010 B 8 under prohibition be devoted to other commodities, and, by inference, those who have other commodities to sell £
might reasonably hope to beneft by prohibition or by a system of local 175,231 682,129 64 option. As soon as this fact is thor- 841,995 9
oughly grasped in England there will be a great accession to the ranks of those who advocate either of those 3,230,534 5 0 systems. It has already been found in this country, when a plebiscite was held on the estates of a private trust 205,391 8 5
to discover whether the tenants did or 787,297 14 6 did not desire the admission of liquor 227,555 19 4ficences, that the small tradesman was 49,875 3 2 sufficiently wideawake to be a local prohibitionist, and it will be astonish-
JOHN A. PLUMMER, Directors.
P. H. HOLYOAK,
C. H. P. HAY,
Deputy General Manger.
a. d.
3
В
£ 6,200,010 8 8ing if a similar phenomenon does not)
play an important part on the Scottish local option pollings that are to take placé later in this year. Meanwhile those fortunate enough to be deprived of alcohol may be envied their dis covery of sweets. Like St. Augustine and Tolstoy, who enjoyed the plea- sures successively of sin and holiness, they have the best af both worlds. The poor tectotaller, alast has nothing better to look forward to than the
BRITISH TRADERS INSURANCE COMPANY, LIMITED.
The report for presentation to the shareholders at the fifty-fourth ordinary meeting to be held on May 21, says:
The Board has now to lay before the Shareholders a Balance Sheet containing a summary of the property and liabilities of the Company on December 31, 1919, and a statement of Accpants to the same date.
(Continued on Page 10.).
WANTED.
| cloying satisfaction of eating more sweets and yet more, which, physio- Togically, may not be good for him. Manchester Guardian.
TO-DAY'S NEW ADVERTISEMENTS.
FIRST GRADE SCHOOLMASTER,
maximum attained, would like to bear of an opening in the Colony, with prospects of a living wage after 20- years' service. Excellent qualifications and experience in bis own profession. Apply Box No. 1194, c/o “Cama Mail."
S
WANTED.
NECOND GRADE SCHOOLMASTER,
no prospects, desires to be adopted Only bona fide offera considered. Apply Box No. 1196, c/c "CHINA MAIL:!!
BOWEL COMPLAINT IN
CHILDREN. VE
DURING the summer months children
are subject to disorders of; thê bowe's and should receive the most careful attention. As soon as any unnatural looseness of the boweld is Betleedkan berlan'T CALL HE Diarrhoes Bendy abould be given. For sale by all” Chemists, and Store.
keeper
TO-NIGHT
at the Coronet
NAZIMOVA
"OUT OF
THE FOG"
er-production Prices.
NOTICES.
“JUST TO HAND"
REGULATION BASKET BALLS
REGULATION VOLLEY BALLS
REGULATION
BASE BALLS
FOR
OUTDOOR
AND
INDOOR USE
PUNCH BALLS
ETC.
SPECIAL TERMS
TO
CLUBS, COLLEGES and THE SERVIÓNS.
LANE, CRAWFORD & CO.
COLUMBIA
DANCE RECORDS.
“ነ
Fox Trot Violin & Piano
Darktown Strutters Ball Fox Trot
(Hindustan
A-2639
Me-ow
A 2297
(Indiana
(Beale Street
A 2327
Lily of the Valley
(Broken Doll
A 5919
Biltmore Waltz ".
One Step
"
Jazz Band
13
j
Princes Orchestra
One Step
"J
Fox Trot Princes Band
H
THE ANDERSON MUSIC CO., LTD.
18, DES VEUX ROAD,
TEL 1839.
NOTICE OF REMOVAL.
We have this day REMOVED dúr GARAGE to
No. 161, Des Voeux Road Central, (next to
Sincere Co., Ltd)
- Hongkong, April 3rd, 1920,
BREEZY GARAGE,
Phone 2499.
FANCY
BATHING CAPS
Various Styles at Low Prices. COLONIAL DISPENSARY.
14, Queen's Road Central
TANSAN
Talephone No. 1817.
What is TANSAN? Why! The famous Japanese Natural
Mineral Water
"THE CHOICEST OF ALL CHOICE WATERS"
TANSAN is a NATURAL TONIC.
TANGAN is
DELICIOUS DRINK
TANSAN ABSOLUTELY PURE
TANSAN is 12 AID TO DIGESTION.
TANSAN does NOT LOWER THE SYSTEM.
TANSAN is a PICK ME UP.
TANSAN has NO EQUAL.
TANSAN is FREE FROM BACTERIA.“
If you have never tried TANBAN do so AT ONCE. Taste it alone, mix it with your WHISKY, try it with MILK, and remember you are drinking
The Choicest of all Choice Waters.
TANSAN
Beware of spurious imitations which are unpalatable and
dangerous.
Bee that the label bears the name of
J. CLIFFORD-WILKINSON.
Tansan can be obtained at all 1st Class Hotels in the Far East Awarded Gold Medal at Anglo-Japanese Exhibition
GANDE,
Tel No. 180.
BOLE AGENTS
PRICE & COMPANY, Ltd,
62 QUEENT ROAD,"
No comments yet.
Private notes are available after approval.