CO129-555-1 Hong Kong Tramways Ltd.- petition 10-7-1935 - 4-10-1935 — Page 62

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CHINA MOTOR BUS CO., LTD.

Sheet II.

PROFIT & LOSS ACCOUNT FOR PERIOD 28TH APRIL. 1933. TO 30TH JUNE, 1934.

-

TO DEPRECIATION OF Buses. EquIPMENT, ETC.

DEPRECIATION OF FITTINGS, SUPPLIES AND

UNIFORMS

$ 94.1 39.57

BY GROSS PROFIT

$131.963.39

NET PROFIT AS STATED IN Balance Sheet

6.068.93 31.754.89

NOTE: DIRECTORS FEES TO DATE—$4,800.00

$13 1.963.39

$131.963.39

BALANCE SHEET AS AT 30TH JUNE. 1934.

LIABILITIES.

CAPITAL: $1.500.000, IN: —

149,970 ORDINARY SHARES OF $10 EACH 30 PROMOTERS SHARES OF $10 EACH

ISSUED:

65,607 ORDINARY SHARES

12 PROMOTERS SHARES

SUNDRY CREDITORS

NET PROFIT

$656.070.00 120.00

$656,190.00

46,000.37

31.754.89

WE HAVE EXAMINED THE ABOVE ACCOUNTS AND COM PARED THEM WITH THE ACCOUNT BOOKS AND Receipts AND FOUND THEM CORRECT AND HAVE OBTAINED ALL THE INFORMATION AND EXPLANATION WE HAVE REQUIRED. IN OUR OPINION THE ABOVE BALANCE SHEET 15 PROPERLY DRAWN UP SO AS TO EXHIBIT A TRUE AND CORRECT VIEW OF THE STATE OF THE COMPANY'S AFFAIRS.

HONG KONG. 11TH OCTOBER, 1934.

THOMSON & COMPANY,

CHARTERED ACCOUNTANTS,

AUDITORS.

$733,945.26

ASSETS.

MOTOR BUSES, MACHINERY, FURNITURE, CARS. ETC.

ETC.

UNIFORMS

LESS DEPRECIATION

RECONDITIONING AND FITTINGS OF BUSES STOCK OF SPARES, TOOLS. STORES. TYRES, OIL.

DEPOSIT WITH GOVERNMENT

SUNDAY DEBTORS

$521,420.04 94,139.57

$427.280.47

9.143.83

137.390.76

PAYMENTS IN ADVANCE

PRELIMINARY EXPENSES

CASH AT BANK AND IN HAND

3.400.00

20,000.00

4,835.20

738.04

3,259.45 127.897.51

TAM HI TIN, SHAREHOLDERS AUDITOR.

NGAN SHING KWAN,

GENERAL MANAGER.

FUNG KUENG

LAM CHEUK MING }

DIRECTORS

$733.945.26

Witness to the signature of Rev. H. R. Wells, O.B.E., Director of the Chinese Language School of the Hong Kong General Chamber of Commerce and translator to the Chamber.

The above Report and Statement of Accounts of the China Motor Bus Co., Ltd. translated into English from the Chinese, Sheets I and II, at the offices of The Hong Kong General Chamber of Commerce, Vietoria, Hong Kong, this 12th day of April, 1935.

H. R. WELLS.

M. F. KEY, Secretary,

Hong Kong General Chamber of Commerce.

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