May 15, 1895.].
We paid an interim dividend of 4 per cent. in November last, absorbing $24,000. and I now propose to pay a further dividend of 6 per cent. (making 9 per cent. for the year), which will absorb $30,000, leaving a balance of $7,613.19 to be carried forward.
CHINA OVERLAND TRADE REPORT.
companied by a friend named Moulhot, a Cus- toms officer. The robbers shot both these men dead. Another officer named Jean, being ap; prised of firing going on, went to the place, and The Company's properties at Kowloon and the Peak he in his turn was shot dead. When the citadel were valued on the 3rd instant by Messrs. Palmer and patrol arrived they found all three bodies de. Turner. The Kowloon property was $23,00, and the difference between this sum and the than ten minutes. There are a large number of returned at capitated. The whole affair happened in less $30,000 at which it previously stood in our books has been written off the Permanent reserve fund. The Peak pro- European families resident at Bacninh and the perty was returned at a higher value than it stands at in outrage has thrown them into a state of con- our books and in this respect is in unison with the im-sternation. Jean had just finished his term of proved values of your Queen's Boad properties.
day for Hanoi, with bis wife and two children, service in the army and was to have left the next to embark for France.
The Company's accounts in London have been audited by Mr. Leonard B. Warmington, chartered accountant, and those at the Head Office by Mr. S. G. Bird.
The business of the Company generally continues steadi'y active and progressive.
JNO. D. HEMPKRATS,
General Manager. -
Hongkong, 7th May, 1895.
31ST DECEMBER, 1894.
LIABILITIES.
Capital account.... Local and general liabilities in the Faat
17,637.12
Local and general liabilities in Lon-
62,764.83
80,401.45
Mortgage on inland lot No. 19
and the buildings thereon 70,000.00
Bills payable, Hongkong, Manila, and
London
Fermanent reserve fund........$183,000.00 Reserve fund to meet contin-
gensies or for the equaliza-
tion of dividends
General insurance fund
25,000.00 10,000.00
Unclaimed dividends
Security deposits from staff
Prost and loss, for-
ward from 1893
$10,180.02
Profit and loss, net
balance 1894
51,493.17
61,613.19
Less interim · divi.
dend of 4 per cent. paid in Nov., 1894 24,000.00
Less amount
claimed
un-
3,640.80
20,359.20
ASSETS.
Building improvements and leaseholds
6.
600,000.00
arms on the
In connection with the abduction of the Lyaudet family at Port Wallut, the Avenir du Tonkin says the following information has been received by the Government from Commandant Regis, on duty with the gunboat Tuyen-quang at Kebao and Port Wallat:-On Monday, 29th April, nine Chinese pirates from Dam-ba were arrested by the Customs boat Hanoi. They were brought to Port Wallut, their junk having been destroyed. During the night they tried to es- cape, after having seized some Hanoi. Two of them were killed as they were taking flight and the other seven were im- mediately shot and their bodies thrown over board. Many arrests have been ordered both on 150,401.45 Kebao Island and in the coast villages of the Moncay district, either as hostages or on suspicion 63,164.53 of being concerned in the abduction of the Lyandet family. Among the persons arrested as bostages is the bead Chinaman of the Tzu-cau village, a relative of one of the chiefs of the band that effected the abduction. There have also 218,000.00 been arrested on suspicion of complicity in the 1,644.20 crime, or of having known of the project and 14,651.31 failed to give information of it to the authorities, the notables of the villages of Cam-ha and Duong-hoa, the Chinaman Amay, recruiting agent for the Kebao Mines, and two other China men who had had to do with the engagement of coolies.
It was reported in Haiphong, according to the Extrême Orient, that the pirates had decided to carry off three European women at Do-son, There are more than a hundred militiamen 41,257.99 stationed there, military posts have been esta- blished in different localities, and frequent patrols are kept up during the night. The c. pirates seem to have established a veritable reign 535,049,17 of terror in the country.
6,379.08
$1,089,115.48
Stook in trade
Goodwill and trade marks
100,000.00
Good debts due from customers
Suspense account
96,895.22 1,364.97
Cash in hand
Cash at Bankers.
$17,685.95 $19,999,82
Fire insurance premis unexpired..... Good debts due from sundry debtors in
London and Hongkong
Hranch adjustment account
Investments in public companies-
Hongkong and Shanghai
Banking Corporation stock 26,500.00 North China Insurance Co., Limited, Hongkong Fire Insurance Co., Limited
1,495.00
Section A of inland lot No. 17
and the buildings thereon Inland lot No. 19 and the build-
ings thereon
$64,389.49
156,055.32
Kowloon inland lots Nos. 549,
550, and 551
23,000.00
Peak rural building lot No. 80
and the building thereon
16,000,00
Dr.
PROFIT AND Loss.
To depreciation account.............
To balance
GALE AT CHEFOO.
The Chefoo Express says that on the night of the 23rd ult. a heavy sea was rolling into the 37,685.77 harbour and the American steamer Adventure, 3,027.12 which was anchored in an unsheltered position, put up sails and proceeded to the inner harbour. 18,881,83 2,452.51
When getting close to Lyell's Point she dropped anchor and lowered sails, but she had already got too
to the rocks and when endeavouring Deat to make her way out again the sea threw her right on to the Point, where she struck. Signals of distress were at once made and boats from the
27,935,00 men-of-war came to her assistance, but they were not able to do much, and had it not been for the help of the steam tug, the Pioneer, she would not have fared so well. This latter boat towed her off after she had been riding in the rather dangerous position for half an hour. The Adventure was beached the next morning and inspected. but no damage had been done,
259,444.81
$1,089,115.45
G.
371
ATTEMPTING TO DISPOSE OF A DEAD BODY.
the dead body of a Chinaman, was found on the On Saturday a large packing case, containing Praya, just at the back of the City Hall. The ago and suddenly died. The man with whom he deceased came here from Singapore a few days was lodging was at once seized with the notion that the plague had carried off another victim, and, not wishing to have his honse cleaned, he carried it on to the Praya. The result of his put the body in the case, and, with assistance,
where he was fined $5 by Mr. Wodehouse on folly was that he was taken to the Police Court, Monday for which might have been injurious to health."
"unlawfully committing an act
THE BANK OF CHINA, JAPAN, AND THE STRAITS, LIMITED, AND ITS CHINESE SHAREHOLDERS.
This institution was brought out under the name of the Trust and Loan Company of China, Japan, and the Straits. Limited, and was duly in- 1862 to 1883, on the 6th day of December, 1889, corporated in London under the Companies' Acts and at an extraordinary general meeting held at the head office in London on February 12th, 1891, and confirmed on March 2nd, 1891, it was carried that in future it should be known as the Bank of China, Japan, and the Straits, Limited. From the beginning a large number of shares were held by Chinese, and in the year 1892 the Chinese until at last nearly 48,000 shares were held by commenced to buy up shares in large numbers Chinese and duly registered in their various action taken by the Chinese shareholders in the names. Since then it is necessary that the above Bank should be laid before the public throughout the world, so that all may kuow how much dependence is to be placed on the word of a Chinaman.
The first year the Bank did business they paid a dividend of 16 per cent. and the second year a dividend of 8 per cent., thus making an average of 12 per cent. per annum for two years, and all the Chinese then holding shares dends and make no remarks. For the year 1892 were glad to receive and poket such good divi- beginning of 1893 bought up a large number no dividend was paid, yet the Chinese in the of shares, and continued buying until they held over 80,000 shares, or nearly half of the Company, as the full number of ordinary shares issued was 199,875, and in addition they held a large number of the founders' shares, of which 1,250 were issued. All the Chinese share- holders were well aware that on the ordinary shares they were liable for £3 15s. on each share, as in addition to the transfer deed they signed a separate document in English and Chinese ac- knowledging that they knew this, and agreeing to meet and pay any calls that were made and to abide by English law.
On September 25th, 1893, the Bank notified all the shareholders that a call of £1 per share would be made, but gave nine months in which to pay it, which was a very liberal time. The Chinese shareholders then almost to a man, and with but very few exceptions, refused to pay one single cash, thus showing that neither a Chinaman's word nor his signature can be trusted. There is very little doubt that had 、 the Chinese shareholders come forward and SHIPMENT OF TROOPS FROM
paid their call that the Bank would not have CANTON TO FORMOSA.
had to go into liquidation and to reconstruct, as they would have had over £80,000 more in hand 14,857.44 The steamer Fokien, which was sold by the to go on with. After the call was made a large 61,613.19 Douglas 8.S. Co. some time ago, left Canton for number of foreigners were astonished to find Tamsui a day or two ago with between four and that shares they had sold to Cuese in the be- $76,470.63 five hundred troops on board. These are in- ginning of 1893, on the condition that the tended nominally to preserve order in the island buyer should transfer them to his own name, 10,180.02 pending the cession to Japan, but they are as bad never been transferred and were still in
likely as not to join the rebellion should one
the name of the seller since March, 1893. 66,290.61 take place.
The Chinese buyer refuses to do anything and We understand that the steamer Martha left they say they will not transfer to their own $76,470.63 Canton at noon on Monday for Tamsui direct, name. They will not pay the call. And they
taking between four and five hundred soldiers
will not give up the scrip, nor will they agree and 1,000 carbines and 250 rifles, the latter be-to divide any loss. The question that now PIRACY IN TONKIN.
ing shipped at Hongkong previous to the vessel's arises is, first, what is the liquidator of the Bank going to Canton. She was to have shipped at of China, Japan, and the Straits, Limited, to do At Bacninh, in Tonkin, on the evening of the Canton three hundred "two-man guns" of Chi-tomake the Chinese registered shareholders pay 30th uit, an armed band made an attack on a
nese manufacture, but as they were not ready up up thoir call of £1 per share, and take up the Chinese shop. They forced the door and while in time she left without them. The officials at scrip in the New Bank of China and Japan, engaged in collecting the loot were disturbed Canton are said to regard the idea of the troops Limited, or if not taking up the scrip in the by the arrival of a gendarme named Verdême, being intended to suppress the present disorder new Bank to pay up the £8 15s. per share? Who was making his rounds. Verdême was ac-[in Formosa as rather a good joke.
Were I the liquidator of the Bank I would
CONTRA.
By balance forward from 1893 By net profits in Hongkong, China, London,
and Manila for 1894,
No comments yet.
Private notes are available after approval.