11728-1909-Advertisements — Page 1

80 THE HONGKONG GOVERNMENT GAZETTE, FEBRUARY 12, 1909.

THE ELECTRIC TRACTION COMPANY OF HONGKONG LIMITED.

NOTICE.

The ELECTRIC TRACTION COMPANY OF HONGKONG LTD. bereby give notice that under Section 7 of Ordinance No. 10 of 1902, they intend to apply to His Excellency the Governor in Council for permission to construct and maintain a loop 112 yards in length-commencing at the junction of Con- naught Road West and Des Voeux Road West, thence proceeding along Connaught Road West in an Easterly direction to Hill Road, thence in a Southerly direction along Hill Road to Des Voeux Road West and terminat- ing in Des Voeux Road West at a point near the South West corner of Marine Lot No. 289, the whole being so arranged as to facilitate the transfer of the cars from the West-bound line to the East-bound line without proceed- ing to the existing terminal loop at Kennedy

Town.

J. GRAY SCOTT,

General Manager,

ABSTRACT OF ASSETS & LIABILITIES, HONGKONG & SHANGHAI BANKING CORPORATION,

31st December, 1908.

LIABILITIES.

$15,000,000,00

Paid-up Capital............. Sterling Reserve Fund, £1,500,000

@ ex. 2.

15,000,000.00 Silver Reserve Fund................ 14,000.000.00 Marine Insurance Account, Notes in Circulation :---

Authorised

Sue

Is- against

Securities and Coin deposit- ed with the Crown Agents for the Colon- ies and their Trustees. Additional Issue authorised by Hongkong Ordinances against Coin

..$15,000,000,00

lodged with the Hongkong

GENERAL PROFIT AND LOSS ACCOUNT, HONGKONG & SHANGHAI BANKING CORPORATION,

Dr.

31st December, 1908.

To AMOUNTS WRITTEN OFF :....

Remuneration to Directors...$ DIVIDEND ACCOUNT:--

Dividend £2 per

Share on 120,000

15,000.00

Shares £240,000

at 1/83

$2.775,903.61

250,000.00 |

Bonus 5/- per

Share on 120,000

Share at

£30,000

1783

$ 346.987.96

-$3,122,891.57

RESERVE FUND,. BALANCE forward to next

half-year,

500,000.00

2,006,234.08

$5,644,125,65

TRANSFER TO SILVER

Cr.

By Balance of Un-

divided Profits,

30th

1908,

June,

.$2,005,774.81

HONGKONG & SHANGHAIBANKING

CORPORATION,

EIGHTY-SEVENTH

REPORT OF THE COURT OF DIRECTORS

TO THE

ORDINARY HALF-YEARLY GENERAL MELTING

OF

SHAREHOLDERS

TO BE HELD

AT THE CITY HALL, HONGKONG,

ON

Saturday, the 20th February, 1909, AT NOON.

To the Proprietors of the

HONGKONG & SHANGHAI BANKING CORPORATION,

GENTLEMEN,

The Directors have now to submit to you a General Statement of the affairs of the Bank. and Balance Sheet for the half-year ending 31st December, 1908.

The net profits for that period, including $2,005.774.81, balance brought forward from last account, after paying all charges, deduci- ing interest paid and due, and making provi- sion for bad and doubtful accounts, amount to $5,664,125.65.

The Directors recommend the transfer of $500,000 from the Profit and Loss Account to credit of the Silver Reserve Fund, which Fund will then stand at $14,500,000.

After making these Transfers and deducting Remuneration to Directors there remains for appropriation $5,129,125.65, out of which the Directors recommend the payment of a Divid- end of Two Pounds Sterling per Share, viz. : £240,000 and a Bonus of Five Shillings Sterl ing per Share, viz.: £30,000 amounting in all to £270,000 which at 1/83, the rate of the day. will absorb $3,122,891,57.

The Balance $2.006,234.08 to be carried to New Profit and Loss Account.

DIRECTORS.

The Honourable Mr. W. J. GRESSON has been elected Chairman for the year 1909. and Mr. H. E. TOMKINS Deptuy Chairman.

Mr. R. SHEWAN, Mr. E. SHELLIM and the Honourable Mr. H. A. W. SLADE retire in rotation and being eligible for re-election offer themselves accordingly. The Directors very mach regret to have to record the death of their colleague Mr. C. G. R. BRODERSEN last October. Mr. H. A. SIEBS has been invited to fill the vacancy: this appointment requires confirmation at this meeting.

AUDITORS.

The accounts have been audited by Mr. W. HUTTON POTTS and Mr. J. W. C. BONNAR, who offer themselves for re-election.

E. SHELLIM,

Chairman.

Hongkong, 9th February, 1909.

Government.... 5,006,779.00

-20,006,779.00

Current | Silver.$92,179,322.53 Accounts, Gold.

£7,835,952.88.2d.== 90,613,930.34

-182,793,252.87

Fixed Silver. $60,711,375.15 Deposits, Gold,

£4.759,798.14s.Gd.=55,044,078.73

-115.785,448.88

Bills Payable (including Drafts on London Bankers, Call Loans and Short Sight Drawings on London Office against Bills Receivable and Bullion Ship- ments).

Profit and Loss Account,

Liability on Bills of Exchange re-disccantel, £3,789,112, 88. 21. of which £2,786,148, 18%. Del. have since no off.

Cash,

ASSETS.

.15,543,824.40 5,644,125.65

Amount of Net Profits for the Six Months ending 31st December, after

1908, making provi- sion for bad & doubtful debts. deducting al! Expenses and Interest and duc,.

paid

.33.638.350.84

-$5,644,125.65

$5,644,125.65

STERLING RESERVE FUND. To Balance, £1,500,000 @ ex. 2/-$15,000,000.00 (invested in Sterling Securities.)-

$15,000,000.00

$384,023,430.80

By Balance 30th June. 1908, £1,500,000 at ex. 2.

$15,000,000.00

.$51,759,923.38

$15,000,000,00

SILVER RESERVE FUND.

13,000,000.00 5,450,265.90 2,673,731.33

To Balance,......

$11,500,000.00

$14,500,000.00

11,591,068.25

By Balance 50th June, 1908, .$14,000,000.00

Transfer from Profit & Loss

Account.

500,000.00

$14,500,000,00

Coin lodged with the Hongkong Government against authoris- ed and/or excess Note Circula- tion, Bullion in Hand and in Transit, Indian Government Rupee Paper Consols. Colonial and other

Securities, STERLING RESERVE FUND INVESTMENTS, viz:- £1.208,000 2

per cent.

Consols at 82, £990,560 (of which

£250,000 lodged with the Bank of England as a Special London Reserve.) €255,000 21

per cent. National War Loan, at 90. £325,000 Other

Sterling Securities, written down to.....

229,500

279.940

£1,500,000 @ ex. 2/- 15,000,000.00

Bills Discounted, Loans and

Credits,

Bills Receivable, Bank Premises....

Directors.

J. R. M. SMITH, Chief Manager,

J. COX-EDWARDS, Chief Accountant.

E. SHELLIM.

EDGAR G. BARRETT, W. HELMS,

We have compared the above Statement with the Books, Vouchers and Securities at the Head Office, and with the Returns from the various Branches and Agencies, and have found the same to be correct.

W. HUTTON POTTS. I J. W. C. BONNAR, Hongkong, 9th February, 1909.

Auditors.

120,074,613.25

162,767,471,28

1,706,357.46

of

$384,023,430.80

THE

TRADE MARKS ORDINANCE, 1898. (ORDINANCE No. 6 OF 1898) and

RULES MADE THEREUNDER,

Copies of the above are on sale at the Office

NORONHA & CO.,

Government Printers.

Hongkong, 27th September, 1907,

T