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THE HONGKONG WEEKLY PRESS AND
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No questions were asked and the CHAIRMAN moved the adoption of the report and accounts.
Mr RAY seconded; Carried.
The CHAIRMAN-That is all the business, gentlemen. I have to thank you for your at- tendanos.
The following are the report and accounts submitted to the meeting:
To the shareholders of the Green Island Cement Cmpany Limited. Gentlemen,We have to report to you on the Com- pay's working during 18:4.
The year commenced unter favourable auspics and the factory was well employed until the outbreak of the plague in Hongkong and the political troubles in the North compelled us t pitly reduct the productions owing to the sla kaes in the demand and the high price of fuel,
balance of $10,397.17 as compared with the management then agreed upon has taken place. corresponding period in the previous year. Before moving the adoption of the report and The receipts acorned for the first two months accounts. I shall be happy to answer any ques- of the current year exhibit an increase in comitions put by shareholders. parison with those earned in_the_preceding year, and it is only to be hoped that we may continue to enjoy the benefit of this im- provement in the ensuing months. The di- rectors, contrary to the usual custom in vogue in this colony, have thought it advisable this time for the information of shareholders to lay before them in the present report a lengthy statement of the Company's affairs by detailing therein the revenues from various Sources under separate headings, and com- paring their results with those of the pre. vions year. With the exception, however, of two items, the billiard account and the steam launch account, they all, I am glad to say, indi- exte an increase for the better Taking there fore, all these facts together}I have noh sitation in saying that the shareholders must all fo| very much pleased with the report, wifich I will ask them to adept later on The difectors, as pointed out to you at the last mesting, have adopted with advantage may randial changes in the working of this fine establi-hd-ng with the
Over $5,4HMve been spent during they for the view of increasing receipts and reducing expendi-re-lining of urkins and for replacing part of the tures, and I can assure you that we are following cement, grinding machinery, and this sun has been * policy in which neither pains nor fforts will be written off on working account. spared to make the hotel attractive to visitors and the public in general and also a lucrativ concern for the shareholders. Our new mai ager, Mr. E. J Richardson, appears to be a hard working and painstaking man, and I hope that be will soon make himself thoroughly acquainted with the requirements and needs of this hotel Personally, I have not the least doubt in my mind that under an attentive and a good managem-ui, prompt always to further any steps which may tend to promote the interest of the hotel, and to stop any defects which may be productive of a result vice versa, this Company must undoubt dly prosper, and that it will be able to pay a mo- derate dividend before very long! I must not detain you any longer, and before proposing the adoption of the report and accounts I shall be pleased to answer any questions any share holder may wish to address to me,
The CHAIRMAN-As there are no questions I beg to propose that the report and accounts as presented be adopted and passed.
Mr. PARFITT - I beg to second that. Carried.
The CHAIRMAN-The next business is the re- election of a director. I regret to say that on account of my state of health and pressure of my other business I cannot offer myself for re alection. Mr. Osborne will be here in a few weeks. and he is a very energetic member of the Board.
On the motion of Mr. Douglas JONES, 8e- conded by Mr. PETER, Mr. W. Parfitt was re- elected director.
Mr. PETER proposed, and Mr. IP CHEE FONG | seconded, the confirmation of Mr. Wilcox as director!
Carried.
Messrs. W. H. Potts and W. H. Gaskell were | re-elected auditors on the motion of the CHAIR-
MAN seconded by Mr. PARFITT.
The CHAIRMAN-Gentlemen, that is the whole of the business of the meeting. I thank you for your attendance, and I hope before very long the Company will be able to pay a dividend to the shareholders.
Sales for the year aggregate to $168,301 55 and the working account on the 31st December shows a profit of $10,--4.79.
Buildings and machinery have been kept in good repair and the quality of the cement producd has been of the highest standard.
We annex the balance sheet for 184 showing the fincial position of th: Company on the 31st December, 1894. - We remain, gentlemen, your o ed ent servants,
ARNROL KARBERG & Co.,
General Managers.
Hongkong, 28th February, 1995.
ASSETS.
C.
BALANCE SHEET, 31ST DECEMBER, 1894.
Properties account :---
As per balance sheet, 31st December, 1893 436,906.13 Reclaimed land :--
As per balance sheet, 31st December, 1893 16,832.46 Buildi and machinery:
ga
As per balance sheet, 31st December, 1893 240,283.30 Sundry properties:
As per balances eet, 31st December, 1893 7,643.84 Furniture account.,
3,226.85 Cash :-
792.63
At head office and in Macao Stocks:--
Raw material
Coal
Stores
In manufacture
Cement in consigment. Sundry debtors Profit and loss account
Capital account:-
$12,911.70
2,991,00 25.788.32 31,564.11
73,495.13 885.06 2,42 60 78,030.11
1
[March 20, 1895.
PROFIT AND Loss Account, Šist DECEMBER, 1894, To balance, 31st December, 1893 To interest account :-
Interest on debentures Interest to Banks, etc.
By working account
By balance, 31st December, 1894
$32,425.24
$4,000.00 1,688.96
5,668.96
888/114.20
$10 084.09
78 030.11
$88,114.20
CHINA SUGAR REFINING CO.,
LIMITED.
The following is the report for presentation" to the shareholders at the aucual general meeting to be held at the offices of the General Agents, at noou on Thursday, 28th March -
The General Agents now submit to the shareholdera their report on the Company's business for 1894, with the accompanying statement of accounts to 31st December last.
The usual course of business was much interfered with in the first half of the year under review by the extraordinary drought and subsequent visitation of plague, the financial effect of which was felt acutely after the month of June. On these calamities there followed the Coina and Japan war, which restricted sales in the latter country, so that the results of the year's operations do not equal those of the preceding year, although the figures, in view of the disasters re. ferred to, prove the substantial hold which the Com- pany's produce has on the consuming markets.
An interim dividend of $3 per share was paid on 27th August last, amountin; to $159,298; inclusive of this and of $16.373.49 brought forward from 1893 the net profit amounts to $150,933.12. which the General Agents and Consulting Committee recom. mend should be appropriated as follows, viz.:➡ Interim dividend of $3 per share paid
27th August
Final dividend of $1 per share, making $12
for the year
Carry forward to next account
$159,293.00
80,000.00 11,540,12
$25,598.12
The water supply scheme referred to last year has now been begun, and towards it there has been appropriated one half of the premium on new shares, viz,, $82.500, which with 3100,000 appropriated in 1893 provides $162,500 towards this great necessity.
The remaining one half of the premium on new shares has been written off property account, as the profits of the year do not admit of any appropriation therefrom.
CONSULTING COMMITTEE.
The Consulting Committee consists of Hon. E, R. Belilios, Messrs. F. A. Gomes, D. R. Sassoon, A. G. Wood, and St. C. Michaelsen, all of whom offer themselves for re-election.
AUDITORS.
"
The accounts have been «udited by Messrs. Fullarton Henderson and Atwell Coxon, the latter acting in the absence of Mr. Thomas Arnold; Messrs. Arnold and Henderson offer themselves for re-election.
JARDINE, MATHESON & Co., General Agenta. Hongkong, 13th March, 1895.
CAPITAL ACCOUNT.
CAPITAL AND LIABILITIES.
$860,524.11
LIABILITIES.
$
Paid-up capital
S 2,000,000,00
Sundry creditors
3,346.572.02
14,117 fully paid shares...... $705,850.00 5,883 forfeited shares Unpaid capital......
59,220.00 234,930.00
$1,000,000.00
765,070.00
New water supply.
162,500.00
Balance of profit and loss ao-
count....
$ 250,838.12
0.
50,000.00 45,454.11
$860,524.11
159,298.00
91,540 12
$5,600,612.14
$0.
Debenture account Sundry creditors
WORKING ACCOUNT, 31ST DECEMBER, 1894. Dr.
0.
Manufacturedstocks on 31st December, 1893 14,577.00 | Raw material used in 1894. Coal used in 1894
GREEN ISLAND CEMENT COMPANY, Stores used in 1894
LIMITED.
Labour Packing
Macao general expenses Royalty to Bishop... Magao salaries Freight and transport.. Head office general expenses Advertising, &c..... Legal expenses Audit fees
The sixth ordinary general meeting of the shareholders in the Green Island Cement Co., Limited, was held on Thursday at the offices of Mesars. Arnhold, Karberg and Co., Praya. Mr. R. Shewan presided, and among those present were Messrs. J. Orange, Geo. Fenwick (Direc-Salary to General Managers. tors), J. Kramer, J. H. Cox, E. Goetz, L. Commissions
Suidter, and W. H. Ray.
Less interim dividend at 8 per cent. paid on 27th Angust, 1894
ASSETS.
Property account, consisting of
East Point Refinery....
Bowrington Refinery
Swatow Refinery
Hongkong Distillery ...
Site at Soo-kun-poo.....!
Cash
Stocks of raw and refined sugar, &c.
Coals, charcoal, stores, fire insurance, &c. Sundry debtors
Spirits and rum
Shipments
1,617,759,21
345.08 2,372,966.27
6,472.98
338,186.54
1,003,355.92
$5,600,812.14
0.
261,526.14
$18,840.28
55,513.12
5,254.80
*20,723.70
19,619.34
3,048.99
1,800.00
17,919.05
16,130.24
710.99
62.00
87.50
200.00
5,000.00
8,673.56
1,678,278,90
173,588.57 10,084.09
To new machinery and extension..
1,658,278.90 18,940.31
The SECRETARY (Mr. Suidter) read the notice Profit and loss account.. Profit in 1894. calling the meeting.
Cr.
The CHAIRMAN said-Gentlemen, there is nothing of special interest to add to the report. You have had it in your hands for the last two or three days, and I ask your permission to take By cement account, sales during 1894 it as read. Full particulars of the position of the Company were given to you at the extraordi- nary meeting, and since that time the change of
PROPERTY ACCOUNT.
To balance at debit on 31st
December, 1893 ....
Leas written off last year. 25,000.00
$198,249.66 To cost of reservoir site at Soo-kun-poo. 8,040.00
$1,680,259,21
0
By amount written off from premium on
new shares By balance at date
62,500.00 1,617,759.21
1,680,250,21
166,381.55 Manufactured stooks, 31st December, 1894 31,868.11
$198,249.66
.P
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