1915-05-28 — Page 8

COMPANY REPORT.

Hongkong Tramway Co., Ld.

TELEGRAPH.

THE HONG KONG TELEGRAPH.

The Auditors, Mesars. Cooper Brothers & Co., retire and do not offer themselves for re-election.

In view of the transfer of the head office of the Company to Hongkong, the present local auditors, Mesure. Lowe, Bingham Report of the directors to be and Matthews of Hongkong and submitted to the shareholders at London have been duly nominated the Ordinary General Meeting to for election as Auditors for the be held at the offices of Messrs. year 1915. Jardine, Matheson & Co., Ltd., Podder Street, Hongkong on Wednesday, 23rd June, 1915, at

noon.

DAVID LANDALE, Chairman. Hôngkong, List May 1915.

Balance Sheet 31st Dec., 1914. The directors submit herewith The rate of Exchange is taken the audited statement of accounts at la. Did. per dollar: (T.T. for the year ended 31st December, 31.12.14.) 1914,

LIABILITIES.

--Au thorised & Issu-

ad: 326,000

After obarging £6,530. 10a. Od. To capital "for the year in respect of deprs- ciation of track, rolling stock, cables, power plant, etc., the bal ance of profit brought down is 818,459.14.6.

From this must be deducted the debenture interest £8,917.1.8. Showing a net profit for the year of £9,542.12.107

To which should beadded the amount brought forward from the last balance. sheet,after allowing for the final divid- end of £8,125 for 1913

*IT

Making an avail- able balance of... The directors now recommend the payment of a divid- end for the year anded 8lat Decem- ber, 1914, at the rate of 10 per cent. per annum, free, of income tax, requir- ing

And the writing down of the cost of the "Tramway Undertaking" by

Leaving to be car-

To Five per cent.

EXTRA

HONGKONG, FRIDAY, MAY 28, 1915.

explanation we have required.

BADEN POWELL BOY

In our opinion such balance shoot | SCOUT'S BUILDING FUND. is properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs according to the best of our in- formation and the explanations given" to us and as shown by the books of the Ucmpany.."

COOPER BBOTHERS & Co. i Chartered Accountants, Anditors,"

London, 20th May, 1915. Profit and Loss Account" for the Year Ended 31st December, 1914 To power expenses

(abstract A)...... 3,303 10 11 To trafic expenses ›

(abstraat B).. To maintenance and repairs (abstract O)................. 9,676

·5,324 4 0

$

2.9

shares of 58. each $1,250 0 0 Togeneral expensen

(abstract D)

8,713 5 5

Total working ex-

peusea... 26,973 3 1

To depreciation to

"power plant, eto, 6530 10 0

mortgage doben- tures charged up- on the undertak ing and all pro perty of the com- pany (part of an authorised issue of £205,000) Less purobased & cancelled in year 1914

་་་་

track, Rolling

stock, osbles,

184,500 0 0 To royalty payable

6,700 0.0

-177,800 00

7,479 13 3 To Debenture re-.

17,022 6 I

£8,126

#

2,000 10,125 0.0

ried forward. £6,897 · 0.1 Traffic receiple abowed an im- provement over 1913 for the first seven months of 1914 and de- clined about 10 per cent during the remaining months owing to the dislocation caused by the war, but on the whole 1914 "howed an increase which would bave been reflected in sterling had not exchange fallen.

As foreshadowed in the laɛt report, the loss on Hongkong (British) aubsidiary coinage con. tinusd and unfortunately in- creased,

demption reserve account (differ- ence between par value of deben- tarea purchased. and price paid for "

game

To Creditors-

London Hongkong

To Balance of pro- fit and losa 20- count

to Hongkong Go-.. vernment 5 per cent, on working profit-22nd Septembar to 31st December, 1914, estimated at

Mr.

Subscription List No. 4.

and Mrs. Jose, h Goald

Scont. Ng Sik Wing (1st

Hongkong Troop)

Mr. J. R. Wood-... Moara, BAD jets and Co.

Mr. Pang Shiu Ming Megara. Patell and Co. Mr. George Carry Mr. G. J. Sequeira Mr. H. M. H. Nemazee" Mr. E. Pabaney

***

MUNICIPALISATION.

(Continued from page 4.) cestonable to suppose that the Aoecupts for the year 1912-13 for the combined undertakings would show a profit of at least of a million. It was actually £303,343 and in 1913-14 it fell by £30,700 50 to £272.813. The Gross Revonus

for 1913-14 showed an increase of 100 £320,000 over the previous year, 10, but so also did she operating Administration and

10 expenses.

Hongkong, 28th May, 1915.

N.J. STABE.

Hon. Treasurer.

£

OPIUM SEIZURE.

BLAKE PIER SEATS QUARREL.

Ingenious Concealment

Discovered. A

Constable Fined for Assault.

Yesterday the Revenue Officers made another fair haul of opiam

This morning before Mr. J. R. on board a cargo bost that was lying cff Connaught Road. The Wood, a Chinese constable we metit of the seizure is not so summoned by Master E. M, da much the amount of the drug Silva, the youthful son of the captured as the defeat of a most clerk to the Paisne Judge, for ingenious method for concealing assault.

They with

the Revenue officers were able ta

*

Mr. W. B. Hind of Mr. G. K..

Hall Bratton's office appeared for the complainant.

The complainant in the boxer- plained to his Worship that he was sitting in the sent, reserved for ladies and children on the Blake Pier, a were also no Ühinese.

The defendant came along and

told them to get up. He did so, bat pointed out the wording on

the bench to the constable who

5 Operating Wages increased by it, for when the diecovery was 50 11 per cext., Engineering Sta by made, three barrels had been pre- 200 per cent, and Engineering Pared in a most unusual way for 10 Supervision by no less than 25 reception of the opium. were ostensibly filled 75 per cent. The last itera may resin but in "fact in the 10 possibly be only temporary; but

even so it is evident, that this centre of each barrel a zine baoket hed been embedded $340 huge business must become an Previously acknowledged. 3,134 increasing burden to the State with a suitable cover, the bucket upless the rates are considerably sad the contents of the barrel $3.474 increased and I need hardly being perfectly solid and hard. remind you that the public areas a result of their investigations anticipating anything but that,

Unfortunately for Chica local secure ninety taels of propated replied in a saucy manner, Wit- Government is so much in embryo opium valued at $750.

In connetion with thie seizareness told him not to speak Bo that their assistance in the money two Chinese, one Oban Kang of pheekily and threatened, to taka. markes would be the last thing 28 Ko. Shing Street and Kwok fendant hit him in the face with

bis number, whereupon the de-" that a projected Utility would wish for. The Chinese Official Ching a cargo boatmin were the fist of his hand and took him Abstract C-Maintenance and

as we now know him would surely charged by Inspector Wilden aviato arrest. He was conveyed to the Police Court this afternoon, the Police Station, where the Repairs:

9. d. confound Copartnership which is 237 18 4 Building and fixtures 57578 really joint ownership by the with being in possession of the occurrence was reported to the

drag. Workshop, tools and

whole Community, with the old

Inspector who let him go. On his Mr, Crew, of Mesere. Hastings way to the station he saw two 277 9 7 fashioned concession which is sundry plint Care and their elec-

really a partnership between the and Hasting, appeared for the Portaguese friends with whom he wanted to speak but the defen. trical equipment...4,700 12 11 officials and the concessionnaire Electrical equipment

Inspector Wilden said that the dait would not let him and push for the exploitation of the public,

opium was found on the second ed him along. of line

851 S. 1 possibly for their well-being. Steam plant...

478 1 8

In the United States of Am- defendant'e boat concealed in a Tracks roadway 2,528 5 10 erica, the State Regulation of Utili- very clever manuer in barrels of The second defen lant 8,917 18 Electrical plant 388 4 ties has been definitely adopted

Miscellaneous equip..

and under the control of the Cam-whan arrested gave information ment

85 12 2missions we find not only Elec- which led to the arrest of the first as being the man who had tricity Supply, Gas, Water, Tele brought the cargo and, subse 9,626 2 9

phones, Telegraphs, Tramwaye quently, the opium on board. Abstract D-General Expenses and Light Railways, but also the The second defendant knew all Hongkong:-

Great Trunk Railroads. Coa 1914. grees has established the In- about the affair, claimed the officer, so that there was no B. d. terstate Commerce Commission as Management and

an Appellate Court and has question of guilty knowledge. Sto

2,519 03 anthorized the State Legislatures bail being allowed, the first The case was formally remanded, Printing and sta

to set up State Commissions, and defendant in the sum of $7,500 tionery...

214 3 although the whole idea is of re- and the second in the sum of 381 91 oont origin this has already been

$5,000. 238 2 10 done by 41 States. These Com- 15 134 missions are given various titles, 365 6 3 for instance, The California State 1,244 10 7 Railroad Commission. The Kanto municipalisation. There were

To. Balance carried

down

33,741 11 5

18,459 14 6

£52,2015 11

2,597 12 3

To debenture inter-

1,857 19 11

ost

2,199 10 10

4,455 12, 2

*... 17,022 6 1

By Tramway under- taking as per account, 3ler De-

exchange 2/- 7107 9.3

Less deprecis- tion at exchange

246,794 158;

To interim dividend

1913

196

To final dividend for six months ended 31st Decem bor, 1913, at the

.

$

defence.

resin.

73 15 0 as Public Service Commission, certain things in life which were

This story was in part cor- robora ed by the evidence of a servant of the complainant's father who was accompanying the complainant

wording on the seat, saying that The defendant pointed out the the seat was reserved for ladies and children and not for men. The complament would not get up and would not listen to him and so he took him up to the He denied striking the com» police slation to see the inspector. plainant, but admitted that on the way to the station the com plainant wanted to speak to two friends, but he would not let him do Bu.

defendant seemed to have had His Worship remarked that the

some provocation, though there

242 14 4 The Illinois Public Utilities Com-ahsolutely essential to any one just seemed to be no doubt that he mission, or the Public Utilities as a good supply of air was did strike the complainant. A

essential and was everyman's.

The Commissions are appoint- birthright and that supply of air fae of three dollars was imposed. ed to deal with all questione he should get. He was not calling

£282,727 01

rate of 20 percent

...per annum paid

ASSETS.

27th May, 1914,

£ 8.

d.

free of income tax - 8,125 0 0

-17,042 18

cember, 1913...239,987

8. ៩

To Balance as per

balance ebeet

Local taxes and rent

17,022 6 1

W

Fire Insurance

"

add expenditure

Store expense8

during 1914-at.

534,064 7 9 £ s. d. By traffic receipts. 54,847

Less lors on sub-

Office expenses

Agency fees

184

Auditors' fee Legal expenses.

6,530 10

0

eidiary coinage 5,053

49,704 15

0 Accident Compen

Bation Miscellaneous

60 14

0 Commission of Obio.

461 17

4

240,284 5 8

5,787 6

0

"

Difference in ex-

change...

33,087 0.9

By balanos brought”-

down 980 0 0 By balance brought

forward 1913.

*

2,406 10 7

£52,201 5 11

18,459 14 6

London:-

from.

709 9 10 213 10 3

923 0 1

15,804 13 3

£34,084 7 9

Abstracts...

Abstract A power expenses;

1914.

No further extension to the By Cash at bankers · track then that mentioned in the

last report has been undertaken

during the year.

Provision has been made in

the accounts for the royalty dus

to the Hongkong Government,

Depreciation has been charged

and in hand-

London Hongkong

By Loan agaidat

security

cook

WIT

By Debtore and pay-

mente ià advance

London. Hongkong

to profit & loss account on such By Investments at. of the plant and undertaking which is subject to wear and tear on similar lines to that decided on last year, and in addition, as recommended above, the sum of £2,000 as a further instalment towards writing down the values) to the basis of £240,000 mention id in the 1910 report.

The directors again desire to place on record their appreciation of the services rendered by the manager, agents and the staff,

The London directors' seats on the board having been vicited, Hon. M. David Lendale, Hon. Sir O.P. Ohater, Hon. Mr. E. Lau Cha Pak, Dr. J. W. Noble and Mr. Ho Tang, of Hongkong, were appoint-

By Slock of stores, tickets, and coal in Hongkong, 88 perinventory sign- ed by general man-

***

1913 boycott com-

pensation By other receipts;- London

1,328 46 30,210 12 3 Hongkong ... 1,078 6 1

2876 14 6

11948

Salaries and wages Fuel Oil and waste

Miscellaneous

ager and agents. 7,234 12 11 Water

By Goods in trag-

ait from London to Hongkong

238 3 8

Directors.

once

...

..

T

麵

relating to public services, euch himself either a socialist or a

as the ra'ification of franchises or Liberal or anything else, but be

259 1 8 concessions, the settlement of felt very strongly that those UNCLAIMED TELEGRAMS.

disputes between undertakers, utilities came under the category

8,046 7 8 the revision of rates, amalgama-of freeh air. The lecturer bai in- tien into joint schemes, the apstanced the Telephone Company Audit fes......

31 10 0 proval of new issues of Share at Home as proving his conten- Cablegrams

28 19 0 Capital, technical regulation and tion. We should never have Debenture trustees fee. 50. 0:0 inspect on and not only to regu heard a word about it but for the Directors' fee..." ...900 0 0 late but to press forward the Daily Mail. He had been up General expenses 12.15 1 development of such services. The against the Daily Mail and he Income tax account.783 11 2 magnitude of this work will per know that it had to crests a Legal expenses. 210136 hapa be realiced when I mention sensation some-where for its Lean investmert réalis-

that the Public Utilities. Com-readers, and the whole of the 19 62 mission of Ohio has been ins British Press was going, anfor- red... Office expense8

510 12 0 tructed by the Sate Legislature tunately, in that way. So long as Postages and telegrams 17 6 2 to prepare a valuation or appraisal they get conscientious men in the Printing and stationery 66 49 of the 1,500 Utility Companies Civil Service-one got wasters in B. d. Travelling expenses

under ita control, and that the all departments-they could have 863 16

Illinois Pablic Utilities commie-the work done well. Under the 2,335 8 2

2,866 17 9 Bion banded down in one year State the individual with merit 74 13 3

800 judicial decisions. Men of got opportunites which he did not 11 2 5

28,713 55 high standing are appointed with enjoy elsewhere. As regarde 25 56 Statement of Averages, &o., very ample powers and to far China, it was more a matter for from the 1st January, to 31st there has been no adverse criti- the new generation to make a 3,309 10 11 December, 1914.

cism.

successful atate, than the present Miles of sireet Tram-

I feel that China shoold follow one, but with honest stale servants 91 upon this lead by the appoint- such was before her. He was ment of Commissioners for each strongly in favour of utilities being Province of the Empire, not provided for the Bute by the8.ats, necesarily all appointed stone Mr. Graham said he did not time, but as the demand arises. agree with the last speaker-elec They should have wide judicial tricity, telephones and gas, should Powers and as long as extra be ran by private companies. territoriality exists should be of The engineer was seriously hem- mixed nationality. There would pered in England by red tape be an appeal to a Central Trade and his subordiustes took it from upon which foreign financial him that it was not worth while interests would have to be trying to do anything well sufficiently represented. Until Mr. Carter replying said that 468d, the Chinese can be made to see the employers did not awort the the necessity for this no real pro- employees in the Civil Service, the grean is comible.

employeessweat the employers, Professor Middleton Smith said On the motion of Mr. Graham that he did not agree with the a vote of thanks was accorded the lecturer in his views with regard lecturer,

£282,727 9 1 AbstractB-Traffic Expenses; motor ed directors in their stead in DAVID LANDALE, ?

men and con accordance with the Resolutions, P. CHATER

ductora... passed at the extraordinary meet- We bave audited the above Triffis superintend- ing of members held in London balance sheet with the books and on 1st December, 1914,

accounts relating thereto in Ticket check.. The consent of the company London and with accounts re- Other traffic em will be asked to sanotion the pay-ceived from the Company's agents ployees... ment of all costs incurred by in Hongkong, certified by local Cleaning shareholders in and about the accountants. We are informed oiling cars alteration of the articles, and the that the title deeds of land pur-Cleaning transfer of the head office of the chased during 1913, inoluded at company in Hongkong.

£5, 105, 78. Od. were at 3Lt De In accordance with the articles, cember, 1914, held by the Com the Hon. Mr. David Landale and papy's general manager - în Hon. Sir O. P. Obster retire and, Hongkong for the purpose of bating eligible, offar themselves registration there. We have ob for re-elasticNO

tained all the information and

24

way Number of care in- £ E. d.

stock at 31-Dec., 1914 46 2,172 36 Passengere carried (i. 8.

tickets issued) 9,935,624 628 6 5 Car mileage ron

1258 544 552 0.11 Car mileage run for

passengers' trafic.. 1,288,699 149 16 11 Hongkong earning per car mile for passengera traffic.. Hongkong expenses per car mile for passengers' trafic.. Hongkong and Lon- don expenses per car mile Average fare Eg passenger,{

and

548 17:0

433 6.1

28 104 80 7.2 130 6 8

and sanding treat... Fuel, light and water for depot Lighting care Miscellaneous

$5,324,4 0

9.66d,

514d.

Eastern Extension Australasia.

& China Telegraph Co.

Road, Macao.

Adroaldo Fernandes, Aberdeen

Connolly Major Paul, London. Wongyoschee, Shanghai.

Foonyuan Signboard Dealers-

Kwongwuchong Jervois Street,

Rangoon.

Lingwatchee, Manila. Macondray, Saigon.

MeFarland J. B. Singapore. Pinson, London.

Quesada China Hotel, Manila... Voegeli Steamer Miyazaki

Maru," Singapore, Central, Nogales, and

Wing Pang Tan, Queen's Road

J. M. BECK, Superintendent Hongkong, 20th May, 1915. Great Northern Telegraph Company, Ltd.

Guinyuen, Shanghai, John Wedge Williams c/o B. Hudsomaru, Nishinomiys, and S., Shanghai,

Joencen Vesinglee, Shanghai. Kwinyuenhong, Shanghaf Hsingfat, Shanghai.

Lawhua Keesinho, Amoy. Laiwah Keegan 6 Western

Market, Amoy

Lanean West Point, Shanghai. Leeyunchong, Kobe, Shanghai, an

Shinmanyuyut Central Etreet, Yufungtai, 8hangbai.

E. BLACK, Superintendent. Hongkong, 21th May, 1915,