THE HONGKONG GOVERNMENT GAZETTE, 4TH FEBRUARY, 1899.
In the Matter of ORDINANCE NO. 2
of 1892,
and
In the Matter of the Petition of Pro- fessor WALTHER NERNST, of 50, Burgerstrasse, Gottingen, in the Empire of Germany. for Letters Patent for the Exclusive use within the Colony of Hongkong of an Invention for Improve- ments in Electric Incandescent Lamps and Apparatus or Appli- ances in connection therewith.
NOTICE is hereby given that the Petition.
Specification, and Declaration required herein by Ordinance No. 2 of 1892. have been duly filed in the Office of the Colonial Secre- tary of Hongkong, and that it is the intention of the said WALTHER NERNST by HENRY LARDNER DENNYS, of Victoria, Hongkong, their duly authorized Agent, to apply at the Sitting of the Executive Council hereinafter mentioned for Letters Patent for the Exclu sive use within the said Colony of Hongkong of the above invention.
And Notice is hereby also given that a Sit- ting of the Executive Council before whom the matter of the Petition will come for deci- sion will be held in the Council Chamber at the Government Offices, Victoria, Hongkong, on Wednesday, the 8th day of February, 1899,
at 11 of the clock in the forenoou.
Dated this 27th day of January, 1899.
H. L. DENNYS, Solicitor for the Applicant
THE COMPANIES' ORDINANCES, 1865 TO 1890.
THE CHINA LINE OF STEAMERS, LIMITED.
Tan Extraordinary General Meeting of
A the said Company, duly convened and
held at the Registered Office, No. 22, Bank Buildings, Victoria. Hongkong, on the 14th day of January, 1899, the following Special Resolution was duly passel, and at a subse- quent Extraordinary General Meeting of the said Company, also duly convened, at the said Registered Office, on the 30th day of January, 1899, the following Special Resolution was duly confirmed:-
"That it has been proved to the satisfac- "tion of the Shareholders, that the Company cannot, by reason of the "insuficiency of its 'aid-up Capital, "continue its business, and that it is "advisable to wind up the same, and "accordingly that the Company be "wound up voluntarily, and that the "Chairman, Mr. A. A. H. BOTELHO, "Jr., be, and he is hereby appointed "Liquidator for the purpose of such "winding up."
BARRETTO & Co.,
General Agents. Hongkong, 30th January, 1899.
HONGKONG & SHANGHAI BANKING CORPORATION.
SIXTY-SEVENTH
REPORT OF THE COURT OF DIRECTORS
TO THE
ORDINARY HALF-YEARLY GENERAL MEETING
OF
SHAREHOLDERS
TO BE HELD
AT THE CITY HALL, HONGKONG,
ON
Saturday, the 18th February, 1899, 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, 1898.
The net profits for that period, including $376,916.76, balance brought forward from last account, after paying all charges, deducting interest paid and due, and making provision for bad and doubtful accounts, amount to $4,392,189.66.
|
The Directors recommend the transfer of $1,000,000 from the Pr fit and Loss Account to credit of Reserve Faud, which Fand will then stand at $10,000,000.
They also recommend writing off Bauk Pre- mires Account the sum of $500,000.
After making these Transfers and deducting Remuneration to Directors there remains for appropriation $2.877,189,66, out of which the Directors recommend the payment of a Dividend of One Pound and Ten Shillings Sterling per Share. which at 4/6 will absorb $533,533.23, and a Bonus of One Pound Sterling per Share which at 4/6 will absorb $355.555.55,
The difference in Exchange between 4/6, the rate at which the Dividend and Bonus are declared, and 1/114, the rate of the day, amounts to $1.158,664.32.
The Balance $834,636.46 to be carried to New Profit and Loss Account.
DIRECTORS,
Mr. R. M GRAY has been elected Chairman for the year 1899 and Mr. N. A. SIEBS, Deputy Chairman.
Mr. R. L. RICHARDSON having resigned his scat on leaving the Colony, Mr. R. H. HILL has been invited to fill the vacancy;
the ap- pointment requires confirmation at this meeting. Messrs. C. BEURMANN, A. J. RAYMOND and DAVID GUBBAY retire in rotation and being eligible for re-election offer themselves accord- ingly.
AUDITORS.
The accounts have been audited by Mr. F. HENDERSON and Mr. C. S. SHARP, who offer themselves for re-election.
J. J. BELL-IRVING,
Chairman.
Hongkong, 31st January, 1899.
ABSTRACT OF ASSETS AND LIABILITIES, HONGKONG & SHANGHAI BANKING
CORPORATION,
31st December, 1898.
Paid-up Capital,
Reserve Fund,
LIABILITIES.
Marine Insurance Account, Notes in Circulation :-
Authorised Issue
against Semities
deposited with the
Crown Agents far
the C mies.......$10,000,000.00 Ad itional Issue au- thorised y 100%- kun: Odinance No. 6 of 1893, against Coin lold with the Hongkong Gov- erminent,.................................... 2 508,587.57
Current Silver,.....$55,885,768.57 Accounts, o'd,
£1,219,604.12/9—12.435.841.72
Fixed Silver,. $32,107,804.54 Deposits, Gold,
£2,997,956.15/7=30,617,411.94
Bills Payable (including Drafts on London Bankers and Short Sight Drawings On London Office against Bills Receivable and Bul- lion Shipments)....... Profit and Loss Account, Liability on Bills of Exchange re-disconu ted, £1,616,054, 17 of which up to this date £3,708,805. 7 have run off.
asli,
ASSETS.
125
GENERAL PROFIT AND LOSS A TOUNT, HONGKONG & SILANGĦAL BANKING
Dr.
CORPORATION.
31st December, 1898.
To AMOUNTS WRITTEN OFF:-
.
1
}}
Remuneration to Directors,...
DIVIDEND ACCOUNT:--
£1.10 per Share on
80.000 Shares:
£120,000 at 4:6,... $585,333.33
Bonus of £1 per
Share on 80,000
Shares = £80,000
at 4/6,
355,556.55
DIVIDEND ADJUSTMENT AC-
COUNT Difference in Exchange between 4/6, the rate at which the Dividend on Bonus are declared, and 1/11, the current rate of the day, TRANSFER TO RESERVE
FUND,
15,000.00
888,888.88
1,153,664.32
1,000,000.00
TRANSFER TO BANK PRE-
MISES ACCOUNT,.
600,000.00
*J
DALANE carried forward to
next ha.f-year,
834,636.46
$4,392,189.66
Cr.
By Balance of Undivided Profits, 30th June, 1898, Amount of Net Profits for the Six Months ending $1st December, 1898, after making provision for bad and doubtful debis, de- ducting all Expenses and laterest paid and due,
To Balance,..
$10,000,000.00 9,000,000.00 250,000.00
31
12,503 587.57
68,291,610.29
62,725,216.58
14,592,002.56 4,392,189.66
$376,916.76
..4,015,272.90
$4,592,189.66
$4.392,189.66
RESERVE FUND,
...$10,000,000.00
$9,000,000.00
By Balance, 30th June, 1898,
Transfer from Profit and Loss
Account,....
T. JACKSON, Chief Manager.
1,000,000.00
$10,000,000.00
J. C. PETER, Acting Chief Accountant.
J. J. BELL-IRVING,
R. M. GRAY,
R. SHEWAN,
}
Directors.
We have compared the above Statement with the Rooks, 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.
F. HENDERSON,] Auditors.
C. S. SHARP, Hongkong, 31st January, 1899.
BOOKS
DESIGNED FOR THE USE OF
ANGLO-CHINESE SCHOOLS,
BY
DR. WRIGHT,
Head Master, Queen's College,
HONGKONG,
$181,755.106.66
New Spelling Book, Exercises in English
(1-2), 6-0). Conversation, 166-5),
50 Cents.
40
30
+3
30
"
..$20,259,491 05
Hongkong, May, 1898.
3.250,000.00
3,952,081.33
4,907,751.98
Coin foded with the Hon_kon, Gov- ernment against Note Circulation in excess of $10,000,000, Multion in Hand and in Transit, Indian and Colonial S-curities,... INVESTMENTS, viz. :-
£250,000.00 23 per cent. Consols foged with the Bank of England as a Special Lon- don Reserve,
$1,900,000.00
£475.500,0.0 Consols and omer sterling Securities...
4 858,170.21
6.756,170.21
ills Discounted, Loans aud redits, 64,356,272.16 Hills Receivable, Bank Premises,
72,505,741.11 757,648.81
$181,755,156.06
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