THE HONGKONG GOVERNMENT GAZETTE, 12TH FEBRUARY, 1881. 109
HONGKONG & SHANGHAI BANKING
CORPORATION.
THIRY-FIRST
REPORT OF THE COURT OF DIRECTORS
TO THE
ORDINARY YEARLY GENERAL MEETING
OF
SHAREHOLDERS
TO BE HELD
AT THE CITY HALL, HONGKONG, On Tuesday, the 15th February, 1881, АТ 3 Р.М.
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 last.
The net profits for that period, including $23,325.25 brought forward from last account, after paying all charges, deducting interest paid and due, making provision for bad and doubtful accounts, and for the difference in Exchange be- tween the rate at which the Dividend is declared and the current rate of the day, amount to $485,645.48, of which, after taking out rebate on Bills not yet due and remuneration to Directors, there remains for appropriation $475,247.26.
From this sum, the Directors recommend the payment of a Dividend of One pound Ten shil- lings Sterling per Share, which will absorb $266,666.67.
The Directors recommend placing $200,000 to the Credit of Reserve Fund, which will then stand at $1,800,000, and carrying forward the Balance, viz., $8,580.59 to the credit of new Profit and Loss Account.
DIRECTORS.
In conformity with the provisions of the Deed of Settlement, two Members of the Court, Messrs. HOPPIUS and SASSOON, retire from the Direction, but they are eligible for re-election, and offer themselves accordingly.
Mr. ALEXANDER MOIVER has been appointed Chairman of the Corporation for 1881, and Mr. H. L. DALRYMPLE has been elected Deputy Chairman.
AUDITORS.
The Accounts have been audited by the Honourable PHINEAS RYRIE and Mr. A. P. MCEWEN, and the Directors have pleasure in recommending the re-appointment of these gentlemen as Auditors for the year 1881.
W. KESWICK, Chairman.
Hongkong, 9th February, 1881.
ABSTRACT OF ASSETS AND, LIABILITIES, HONGKONG & SHANGHAI BANKING
CORPORATION.
31st December, 1880. ASSETS.
Dr.
Cash,
Government Securities,
Bills Receivable,
Bank Premises,.....
Dead Stock,.....
6,436,389.28 135,180.17
Bills Discounted, Loans and Credits, 12,799,779.70
28,288,908.95
246,853.51 102,303.78
$48,009,415.39
LIABILITIES.
Cr.
Paid-up Capital,..
PROFIT AND LOSS ACCOUNT, HONGKONG & SHANGHAI BANKING CORPORATION.
Dr.
31st December, 1880.
To AMOUNTS WRITTEN OFF:-
Remuneration to Directors, $10,000.00 Rebate on Bills not due,.... 398.22
To DIVIDEND ACCOUNT :--
£1.10 per Share on 40,000 Shares =
£60,000 @ 4/6....
-$10,398.22
Carried forward to next half-year, .............
266,666.67 200,000.00
8,580.59
$485,645.48
To RESERVE FUND,
To BALANCE:-
Cr.
By Balance of Undivided Profits, 30th
June, 1880,
.$ 23,325.25 By Amount of Net Profits for the Six Months ending 31st December, 1880, after deducting all Expenses and Interest paid and due,.....
RESERVE FUND.
462,320.23
$485,645.48
To Balance on 31st December, 1880,...$1,800,000.00
By Balance on 30th
June, 1880,
$1,800,000.00
.$1,600,000.00
By Amount from Profit
and Loss Account.... 200,000.00
T. JACKSON, Chief Manager. H. SMITH, Chief Accountant.
W. KESWICK,
F. D. SASSOON,
-$1,800,000.00
Directors.
We have compared the above Statements 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.
P. RYRIE,
} A. P. MCEWEN, j Hongkong, 9th February, 1881.
Auditors.
THE HONGKONG FIRE INSURANCE COMPANY, LIMITED.
TH
NOTICE TO SHAREHOLDERS.
THE TWELFTH ORDINARY ANNUAL MEETING OF SHAREHOLDERS in the above Company, will be held at the Office of the Company, No. 7, Queen's Road, at Three o'clock in the afternoon of Monday, the 28th February instant, to receive a Statement of Accounts to the 31st December, 1880, the Report of the General Managers, and to elect a Consult- ing Committee and Auditors.
JARDINE, MATHESON & Co., General Managers, Hongkong Fire Insurance Company, Limited.
Hongkong, 7th February, 1881.
THE HONGKONG FIRE INSURANCE COMPANY, LIMITED.
T
NOTICE.
THE TRANSFER BOOKS of the Company will be closed from the 15th to the 28th day of February instant, both days included.
JARDINE, MATHESON & Co., General Managers, Hongkong Fire Insurance Company, Limited.
NOTICE.
THE Co-partnership of SHARP and DANBY
having been DISSOLVED by mutual con- sent, it is requested that all sums due and all Claims be sent in to Mr. SHARF for Liquidation of the Firm before the 28th day of February instant,
Mr. DANBY will carry on the Business of Architect, Surveyor, and Civil Engineer under his own name.
Mr. SHARP will continue his Land and Estate Agency, under his former Style of SHARP & Co., at the Office hitherto occupied by SHARP and DANBY, No. 13, Queen's Road, opposite the Chartered Bank of India, Australia, and China.
GRANVILLE SHARP,
WILLIAM DANBY. Hongkong, 1st February, 1881.
WE
NOTICE.
E have authorized Mr. ANTONIO DOS REMEDIOS to sign our Firm per pro- curation from this date.
REMEDIOS & Co.
Hongkong, 1st February, 1881.
MR
NOTICE.
R. NICOLAUS AUGUST SIEBS has this day been admitted a Partner in our Firm at Hongkong and in China, and Mr. ALEXANDER WASSERFALL has been authorized to sign the Firm per procuration.
SIEMSSEN & Co.
Hongkong, 1st January, 1881.
THE
FOR SALE.
THE Undersigned having yet a few
copies of the
Revd. W. LOBSCHEID'S Chinese & English Dictionary, beautifully bound up, now offer them at reduced price of $2.50 each.
Half bound,
.$2 each.
NORONHA & Co.
Hongkong, 1st October, 1879.
FOR SALE.
THE CITIES AND TOWNS OF CHINA.
T
A Dictionary of Reference,
By
G. M. H. PLAYFAIR.
Price-$6.00 per Copy, bound.
Apply to
MESSRS. NORONHA & Co.
"
LANE, CRAWFORD & Co.
KELLY & WALSH.
19
MCEWEN, FRICKEL & Co.
11
Hongkong, 27th January, 1880.
NORONHA & Co.,
PRINTERS, PUBLISHERS & STATIONERS
AND
Printers to the Government of Hongkong, Nos. 5, 7 & 9, ZETLAND STREET,
HONGKONG.
Reserve Fund, $1,600,000.00 Marine Insur. Acct..... 150,000.00
Notes in Circulation, $ 1,945,354.66 Deposits,
24,198,572.94
Bills Payable (including Drafts on London Bankers and Short Sight Drawings on our London Office against Bills Receivable and Bul- lion Shipments),.. Profit and Loss Account,
$5,000,000.00
Hongkong, 7th February, 1881.
1,750,000,00
NOTICE.
26,143,927.60 MR. W our Firm, and his Interest and
WILLIAM WALKINSHAW has retired
14,629,842.31 485,645.48
$48,009,415.29
Responsibility have Ceased. The Business, will be carried on as heretofore by the remaining Partners, viz.:-Messrs. PHINEAS RYRIE, EDWARD CAREY SMITH, and ARTHUB WELLESLEY WALKINSHAW.
TURNER & Co. Hongkong, 1st January, 1881.
ESTABLISHED, 1844.
Letter-Press Printing. Copper-Plate Printing. Play-bills, Hand-bills, Programmes,
Posters, fc., fc.,
neatly printed in coloured ink.
Printed and Published by NORONHA & Co., Printers to the Hongkong Government.
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