CO129-279 - Public Offices - 1897 — Page 265

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

in order to satisfactorily compete with British and French existing Lines.

The report for 1890 states that the total passenger traffic was rather less than in former years but that, in the latter part of the year, freights were so favourable from the United States that a dividend of 4% was declared (representing $800,000); and a sum of $21,255 was carried to the reserve fund. In 1894 and 1895 no dividends were paid. The nett profits last year were $851,155. Those on the subsidised mailboats amount to a return of about 4% on the book-value of the ships employed on postal service.

This possible new competition with British steamer Companies for mails to the East is worthy of attention.

I have, &c.,

(Signed) William S. A. Lockhart.

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in order to satisfactorily compete with British and French existing Lines. The report for 1890 states that the total passenger traffic was rather less than in former years but that, in the latter part of the year, freights were so favourable from the United States that a dividend of 4% was declared (representing $800,000); and a sum of $21,255 was carried to the reserve fund. In 1894 and 1895 no dividends were paid. The nett profits last year were $851,155. Those on the subsidised mailboats amount to a return of about 4% on the book-value of the ships employed on postal service. This possible new competition with British steamer Companies for mails to the East is worthy of attention. I have, &c., (Signed) William S. A. Lockhart.

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i in order to satisfactorily compete with British and French existing Lines. The report for 1890 states that the total 261 passenger traffic was rather less than in former Vears but that, in the latter part of the year freights wore so favourable from the United States that a dividend of 4 was declared (representing $800,000); and a sum of 21,255 was carried to the reserve fund. In 1894 and 1895 no dividends vero paid. The nett profits last year were 2851,155. Those on the subsidised mailboats amount to a return of about 4 on the book-value of the ships employed on postal service. This possible now competition with British steamer Companies for mails to the East is worthy of attention. I have, &c., (Signed) William S.4. Gastroll.

2026-05-30 08:27:20 · Baseline

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in order to satisfactorily compete with British and

French existing Lines.

The report for 1890 states that the total

261

passenger traffic was rather less than in former

Vears but that, in the latter part of the year

freights wore so favourable from the United States

that a dividend of 4 was declared (representing

$800,000); and a sum of 21,255 was carried to the

reserve fund. In 1894 and 1895 no dividends vero

paid. The nett profits last year were 2851,155.

Those on the subsidised mailboats amount to a return

of about 4 on the book-value of the ships employed

on postal service.

This possible now competition with British

steamer Companies for mails to the East is worthy of

attention.

I have, &c.,

(Signed) William S.4. Gastroll.

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