January 28 1897 1
Amount of
ATIES.
80,000 shares of $15-
CHINA OVERLAND TRADE REPORT
c. have been during the past year we may look forward to paying a slightly increased one in the ~1,200,000.00 | future. If any shareholder wishes any furth
information I shall be glad to answer any questions which may be put.
mount of refund of capital of $5 per share. ** on 10 shares unpaid
Amount at credit of depreciation and in-
surance fund
Amount at credit of equalization of dividend
fund Amount
account Unclaimed dividends. Hongkong wharf special account, amount received from Government, to be expended on new wharf,
credit of investment fluctuation
Bundry creditors
Amount at credit of profit and loss account.
Dr..
PROFIT AND Loss ACCOUNT.
To amount paid for repairs:—
31st Dec., 1896..
To steamers
To wharves
To lighters..............
50.00
600,000.00
· Mr. MIOHARLSEN-I have much pleasure in seconding the resolution. There is nothing 9,000.00 for me to add to the remarks that have fallen from the lips of the Chairman. I have no doubt that shareholders have been very glad to notice an improvement in the accounts, and as we are led to understand that the present
14.148.93 3,124.90
20,604.32 year will be a still better one I can only express 21,690.92 the hope that it will turn oặt so. 139,493.76
Carried.
$2,008,112.88
C.
$42,772.77 820.80 66.82
43,660.39
7,236.02 1,750.00
$96,000,00
To" Heungshan” average claim, Company's
-proportion
To directors' and auditors' fees
To balance to be appropriated, vis. :---
Dividend at 8 per cent. on
To be written off value of steamers 42,750.00 To be carried to new account
$1,200,000
743.76
Mr. POTTS moved the re-election of Messrs. M. D. Ezekiel and C. 8. Sharp as directors.
Mr. Rose seconded. Carried.
Mr. MODY proposed the re-election of Mr. Fullarton Henderson as auditor.
Mr. GooSMANN seconded. Carried.
The CHAIRMAN-The dividend warrants will be ready to-morrow. I thank you for your attendance.
THE "ILTIS” RELIEF fund.
REPORT OF THE COMMITTEE, 139,493.70
1.—The Committee has the honour to issue the $193,141.07 | following report for the perusal of subscribers. 2.-The Committee sent subscription lists to By amount brought forward from last account 47,302.02 the principal Chinese coast ports, Peking, and
Hongkong.
80th June, 1896.
31st Dec.
Cr.
By not warnings of steamers
By interest on investments
By transfer fees....
C.
114,649.72
3.-Shanghai, the Yangtze ports, and also 31,063.33 Chefoo have been acting independently in this
226.00
$193,141.07
DEPRECIATION AND INSURANCE Fund.
31st Dec., 1896.
Dr.
To balance
20th June, 1896.
Cr.
By amount at credit...
$1st Deo., 1896.
To balance
EQUALIZATION OF DIVIDEND fund.
Dr.
80th June, 1896. By amount at credit.
Cr.
matter.
4.-Germans and subjects of other nation- alities have everywhere subscribed with great willingness and liberality, and the Committee C beg to express their warmest thanks to all and 600,000.00 especially to those gentlemen who have taken 600,000.00 upon themselves the trouble of collecting signs-
$ c.
$ c. 9,000.00 $ 0. 9,000.00
WEST POINT BUILDING COMPANY,
LIMITED.
The annual meeting of shareholders in the West Point Building Company, Limited, was held on the 21st January at the office of the General Agents. Hon. C. P. Chater presided and there was also present Hon. J. J. Bell- Irving, Messrs. M. D. Ezekiel, C. 8. Sharp (Directors), A. Shelton Hooper (Secretary), St. C. Michaelsen, T. I. Rose, G. H. Potts, H. M. Mody, J. N. Googmann, Paul Jordan, 8. 8. Benjamin, W. H. Ray, and M. 8. 8. Sassoon..
The SECRETARY read the notice convening the meeting.
The CHAIRMAN-Gentlemen, the report and accounts, which have been with you for some days, will, I have no doubt be considered very Batisfactory. The net returns for the year amounted to $12,134.32 as against $6,132.71 in 1895. This has been brought about by the larger number of tenements which have been occupied since our last report, when the gross monthly rentals amounted to $1,809, whereas to- day I am pleased to inform you that they amount to $2,567, leaving only 13 floors va- cant as against 87 vacant floors a year ago. Our net returns would have been still larger but for the heavy item of insurance, the premium paid having increased from $663.28 to $1,602.25, and repairs to the property amount to $1,197.20, this in a great measure being caused by the Sanitary Board regulations, On the other band you will observe a reduction in interest
con
on our mortgage of about $800, and I am to be able to inform you that your have made arrangements for a still don of interest for the next two is in good state of repair
ntinue
that the dividend we
90 cents as against 60 deemed satisfactory and
but if the tene as satisfactory as they
tures.
5.-The Chief Commander of the German navy has expressed his sincerest thanks, in a letter addressed to the Imperial German Con- sulate of Hongkong, for the sympathy shown by this movement for the relatives of those who perished in this sad disaster and intimates that the funds so kindly collected be remitted to the Reichs Marine Aust, which will receive all
such monies.
6-A specified list of subscribers will be at tached to the remittance
7.—The following is the total of the subscrip- tion lists -
Hongkong Canton
Swatow Amoy
Formoss Foochow Newchwang Tientsin Peking Hoihow
...
Interest accumulated
Less cost of telegram to
Shanghai
Less cost of telegram to
Berlin
Printing matter (no charge made by Messrs. Guedes & Co.)
$ 8.00
*38.50
$ ots. 2,449.15 485.00 330.00 286.00
390.00 355.00 20.00 1,834.52 186.00 50.00 34.34
$6,420,01
46.50
M. J. 13,766.78 at 2.16 Balance $6,373,51
Hongkong, 15th January, 1997.
The Committee,
M. GROTE,
N. A. SIEBS, Chairmans
J. H. GARRELS, Consul Dr. Knappe, J. KRAMER,
ST. C. MICHAELSEN,
P. SACHSE,
H. STOLTERFOHT,
G. WIELER,
Secretary and Treasurer.
||
GEO FENWICK & CO. LIMITED.
the above Com
2136 the
An extre dinary pany was held at the H January for the pur resolution which was passed at
cember meeting held on 29th 1 shareholders present were Mesars (Chairman), W. Rodger, R. C. Wile Henderson, H. Hyndman, and W. G. Winters burn (Manager)
The CHAIRMAN read the notice conveni the meeting and said I will not take up
time by any remarks of mine, but if any
holder present wishes to make any, remarks ask any questions on the subject of these resolutions he will now have the opportuni doing so before propose that they be confirmed.
No questions were asked and the CHAIRMAN then proposed that the resolutions passed at the extraordinary meeting be confirmed as special resolutions.
Mr. B. C. WILCOX seconded. Carried unanimously.
The CHAIRMAN-That is all the business, gentlemen; I thank you for your attendance. I hope the next meeting will be the favourable one of dealing with a dividend.
HONGKONG LAND INVESTMENT AND AGENCY COMPANY, "LIMITED.
The ordinary meeting of shareholders in the Hongkong Land Investment and Agency Com-
pany, Limited, was held at the offices of the Com pany on the 21st Jan., at noon. Hon. J. J. Bell- Irving presided and there were also present-- Hon. C. P. Chater, Messrs. S. C. Michaelsen, M. D. Ezekiel, N. A. Siebs, D. R. Sassoon, Lee Sing (Directors), A. Shelton Hooper (Secretary) N. J. Ede, G. H. Potts, T. I. Rose, J. Goos- mann, Paul Jordan, C. 8. Sharp, J. M. Forbes, Fullarton; Henderson, A. McConachie, G. Murray Bain, W. H. Ray, R. C. Wilcox, G. C. Cox, T. Arnold, Dr. Thomson, C. A. Tomes, R; K. Leigh, J. Y. V. Vernon, P. M. A. da Graca. S. A. Seth, and J. Hooper.
The SECRETARY read the notice calling the meeting.
The CHAIRMAN-Gentlemen, the report and socounts for the past year having been ciron- lated, I propose to take them as read. Your Directors, in presenting the same, have pleasure in pointing out that, notwithstanding the lower rates of interest on mortgages which have ruled during the period under review, and the in- creased burdens on property on account of the stringent regulations of the Government, are able, in addition to paying the same dividend as heretofore, to carry forward to s new profit and loss account the sum of $56,550:49 as against $46,867.52 transferred from 1895, ☎ result which I hope you will consider satisfactory. In comparing our balance sheet with that of the previous year, you will notice that the amount advanced on mortgage $2,204,401.60 as against $2,512,624.12 - being, more than three lacs less, and conséquently the amount of interest earned thereon has been very much smaller, and whilst mentioning thi source of revenue I would draw your attention to a slight difference in the way that shown in the profit and loss account. Hi we have given only the net credit balan terest account, but as some of
A
were, on a previous occasion, that the amount shown under gross return on our advances, the so been drawn up in a way which now interest paid as well as earned. The owned by the Company stand in $2,426,174.08 as against $1,797,7 31st-
December, 1:95, show principally in the acquired property to the on which amount you will was not derived for the who our purchases were of land tion, and upon these it wi time before we can obt the total amount inv will interest you to
sents thesvaine rundeveloped stat
vas da return at the momen
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