90
THE HONGKONG GOVERNMENT GAZETTE, 12TH FEBRUARY, 1876.
NOTICE.
THE next CRIMINAL, SESSIONS of the
Supreme Court will be held on Friday, the Eighterth day of February, A.D. 1876, nt Ten o'clock in the forenoon.
By Order,
F. S. HUFFAM, Deputy Registrar.
SUPREME COURT OF HONGKONG.
U
NTIL further notice, the Court will sit in its Summary Jurisdiction, on every Tues- day, at Ten o'clock in the forenoon.
A
By Order,
W. 11. ALEXANDER, Registrar.
NOTIFICATION.
Copy of the JURY LIST for 1876, is posted at the Supreme Court House for inspection. Notice of any innecuracies, omissious, objec- ; tions, &e., must be given to the Registrar cu or before Monday, the 14th day of February, A.D. 1876. in accordance with the provisions of Section 8 of Ordinance No. 11 of 1864.
It is further notified that no person whose name is on the List as a Juror will be exensed fro ! service on the ground of any exemption to which he may be entitled, or on the ground of any want of qualification, miless such exemption shall have been claimed and established, or such want of qualification duly proved, at or before the time above specified.
F. S. HUFFAM, Deputy Registrar,
HONGKONG & SHANGHAL BANKING CORPORATION.
TWENTY-FIRST
REPORT OF THE COURT OF DIRECTORS
TO THE
ORDINARY YEARLY GENERAL MEETING
OF
SHAREHOLDERS
TO BE HELD
AT THE CITY HALL, HONGKONG,
On THURSDAY, the 17th February, 1876.
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 Corporation, and Balance Sheet for the half-year ending 31st Derember last.
The net profits for that period, including $106,026 brought forward from last account, after paying all charges and deducting interest paid and due, amount to $336,7 13.49, of which, after taking our Rebate on Bills not yet do, and Remuneration to Directors, there rem das for appropriation $314,111.51.
From this sum, the Directors recommend the distribution of a Dividend of $3.75 per Share, being equivalot to 3 per cent for the half-year (or 6 per cent per annum): this will absorb $150,000, and, of the Balance, they proposa retaining in Contingent Arenunt $145,000, to ineet losses already incurred and further eventual losses ou present outstar dings, carrying the balance of $19.111.51 to the credit of new Profit and Loss Account.
The Directors regard the half-year's profit as satisfactory, and they are happy in being able to recommend a moderate dividend to the Share- holders, while providing for all bad and doubtful debts, old and new, and leaving the Reserve Fund witenched.
The Directors have pleasure in informing the Shareholders that the anticipations with regard to "donbtful avenants" expressed in the last Honort Ive been more than realized.
During the past half-year, numerous fallures haw again taken place, by some of which, unfor- tunately, the Bank has sustained losses, These, haw ver, are fully provided for in the amount 1: posed to be willard in Conjugent Account.
Th: Directors congratulate the Shareholders on tite improved position of the Bank's affairs generolly, and they look with confidence to a suerussful atun
Local Committee in London, The Directors have appointed the following gentlemen to act as a Consultative Committee in London, viz.:
Mr. A. H. PHILLPOTTS,
Director of London and County Rank.
Mr. E. F. DUNCANSON,
of Messrs. T. A. GIBB & Co.
Mr. ALBERT DEACON,
of Messrs. E. & A. DEACON.
Agencies.
Special Agents have recently been appointed at San Francisco aud Manila.
Directors.
Mr. WM. H. FORBES resigned his seat at the Board ou leaving the Colony, and Mr. S. W. POMEROY has been appointed in his stead.
In conformity with the provisions of the Deed of Settlement, two members of the Court, Messrs. E. R. BELILIOS and J. F. CORDES, retire from the Direction, Eut they are eligible for re-election and offer themselves accordingly.
Mr. E. R. BELILIOS has been appointed Chairman of the Corporation for 1876, vice Mr. ADOLF ANDRÉ, whose term of office now expires, and the latter gentleman has been elected Deputy Chairman.
Auditors.
The accounts have been audited by the Honour- able PHINEAS RYRIE and Mr. H. B, GIBB, and the Directors have pleasure in recommending the re-election of these gentlemen as Auditors for the year 1876.
Chief Management.
Mr. JAMES GREIG has been granted a year's faclough, and, during his absence, Mr. THOMAS JACKSON Las been appointed to act as Chief Manager.
ADOLF ANDRÉ, Chairman.
HONGKONG, 10th February, 1876.
ABSTRACT OF ASSETS AND LIABILITIES, HONGKONG AND SHANGHAI BANKING
CORPORATION.
31st December, 1875.
Assets.
Cash and Bullion,
Government Spenrities,
4,338,747.90 2.847.461.70
Bil's Discounted, Lonus and Credits,...
0,251,008,00
Exchange Remittances,
Bank Premises,...
Dead Stock,
Paid-up Capital,
LIABILITIES.
Reserve Fund, ................... $100,000.00 Marine Insur. Account.... 50.000.15
Notes in Circulation,...$ 1,881.906 27 Deposits...
11,526,203.86
Exchange Aceptances, Profit and Loss Account,
18,153,281.19 280.937.05 92.328.91
$34,604,864.75
$5,000,000.00
150,006.15
13,408,109.63 15.789,585,48 336,713.49
$54,681,861.75
PROFIT AND LOSS ACCOUNT, HONGKONG AND SHANGHAI BANKING
Dr.
CORPORATION.
31st December, 1875.
To AMOUNTS WRITTEN OFF:
Remuneration to Directors, $20,000.00 Rebate on Bills not due,... 2,601.98
To DIVIDEND ACCOUNT:
At the rate of Six per cent per annuin
on $5.000.000,
To CONTINGENT ACCOUNT:
Amomt set aside to meet Lossus,
TƏ BALANCE:
$22,001.98
150,000.00
145,000.00
Carried forward to next half-year....... 19,111,51
Cr.
By Balance of Undivided Profts, 30th
June, 1875,...
By Amount of Net Profits, for the six Months ending 31st December, 1875, after decurting all Expenses and Interest paid and due.......
$336.713.49
$106,026.00
230,687.49
386,713.49
RESERVE FUND.
To Balance on 31st December, 1875,......$100,000.00
By Balance on 30th June, 1875,...$100,000.00
JAMES GREIG, Chief Manager. H. SMITH, Accountant.
ADOLF ANDRÉ,
E. R. BELILIOS, Directors. H. HOPPIUS,
We have compared the above Statements with the Books, Vouchers and Securities at the lead Office, and with the Returns received from the various Branches and Agencies, and have found the same to
P. RYRIE. H. B. GIBB,.
be correct.
Hongkong, 8th February, 1876.
Auditors.
THE HONGKONG FIRE INSURANCE COMPANY, LIMITED.
NOTICE TO SHAREHOLDERS,
THE Sevonden de bove company will he
IE Seventh Ordinary Annual Meeting of
held at the Offices of the Company, No. 7, Queen's Road, on Thursday, the 17th February next, at Three o'clock in the afternoon, to receive a Statement of Accounts to 31st December, 1875, the Report of the General Managers, and to elect a Consulting Committee and Auditors.
JARDINE, MATHESON & Co. General Managers, Hongkong Fire Insurance Company, Limited. Hongkong, 3rd February, 1876.
M
NOTICE.
R. MEYER ELIAS SASSOON has been admitted a Partner in our Firm from the 1st January ultimo.
E. D. SASSOON & Co.
Hongkong, 3rd February, 1870.
VICTORIA FIRE INSURANCE COMPANY
OF HONGKONG, LIMITED. In Liquidation.
AL
NOTICE.
LL P'ersons holding Warrants against un- claimed Dividends, Interest, or Bonus, are requested to present same for payment at the Hongkong and Shanghai Bank before the 1st April. 1876, otherwise their Claims will not be recognised.
ADOLF ANDRÉ,
F. D. SASSOON,
Liquidators.
Hongkong, 18th December, 1875.
"THE HONGKONG GOVERNMENT GAZETTE.”
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