February 8):1897
oluded with
Hero Comes." Shouts of and again through the build he band struck up" God bless of Wales" the v
the whole audience histened stand at their seats and they re mained there until the last note of God Save the Q
was played. It was indeed a grand night and sincerely trust that ere long the band will an opportunity to give such
another performance. **
TRANSMISSION OF CHINESE CORRESPONDENCE.
-
The following regulations made by the Governor under Section 10 of "The Post Office Ordinance, 1887," are published in the Gazette:- 1-From the 1st February, 1897, all ordinary mail matter collected by Chinese hongs for the following ports in China must be taken to the General Post Office for transmission to such ports, viz :--
Peking, Newchwang, - Tientsin, Chefoo, Chungking, Ichang, Shasi, Hankow, Kinkiang, Wuhu, Chinkiang, Shanghai, Soochow, Hang- chow Ningpo, Wenchow, Foochow, Amoy, Bralow, Canton, Hoihow, Pakhoi, Lungohow, Menglez
2. All such mail matter must be placed in bags properly fastened and addressed, and no such bag shall exceed 25 lbs. in weight.
Postage will be charged at the rate of 4 cents per on, on correspondence to Canton, and 10 cents per oz. on correspondence to other places, a deduction being made on account of the weight of the bag.
4-Payment shall be made by affixing post- age stamps to the back of the address label.
NOTE Correspondence received under these regulations will be delivered by the Imperial Chinese Post Office to the various agents of the establishments* at the ports to which the bags are addressed.
HONGKONG, CANTON, AND MACAO
STEAMBOAT CO., LIMITED.
CHINA OVERLAND TRADE REPORT
the
earni
ungshan
our
the
of
Mr St. 01 man for the year Bell Irving Deputy:
Mr J. Kramer s the colony, Mr 0.1 in his stead. Mr. invited to join the ments require conf
Mr. N. A Biebs and Irving retire in rotation re-election offer themse
AUDITORS The accounts have been Henderson and Mr. C. S. Sha
elected Chair
Hon. J J
J. Bell igible for
Mr. F. Henderson and Mr. C. S. Sharp bot offer themselves for re-election. The latter has been acting in the place of Mr. 8. G. Bird,
A MCCONACHIE. Chairman who is absent from the colony.
Hongkong. 28th January, 1897.
regrettable, not only takes some $7,000 out of but also from the fact that it deprived us for a considerable period of the use steamer. Reverting to the subject of wharfage, I may say that we shall continue to use the Hankow's wharf until it has to make way for the reclamation, by which time we expect to have ready a temporary wharf at the Wing Lok Street, built to a great extent of the material of our old wharf. This we shall use until we are able to put up our new permanent wharf, as nearly as possible on the old site. I have again to express disappointment at the de- layed opening of the West River, the more so as the two small steamers which we had builtin expectation of that event are now finished and ready for service. The new lighter which, you will have observed, is being built is to cost $7,400, and will replace our old cargo-boat, which is now almost past service. Turning to our investments, our surveyor's latest valuation of the properties mortgaged to the Company is $1,103,300 against $717,200 ad- vanced. Our investments in shares have been carefully selected, and a readjustment of values enables us, while keeping them will within market prices, to make a small addition to the amount at oredit of Investment Fluctuation account. You will notice that it is proposed to write five per cent. off the book value of the steamers, a prudent course which no doubt will commend itself to investing shareholders, and one which I trust future earnings will en- able us to continue. Nothing else occurs to me to touch upon, but before proposing the adoption of the report and accounts I shall be happy to answer any questions in connec- tion therewith which may anggest themselves. to shareholders. É
The ordinary half-yearly meeting of share- holders in the Hongkong, Canton, and Macao Steamboat Co., Limited. was held on Saturday,at noon at the Company's office. Hon. E. R. Belilios presided, and there were also present- Hon. J. J. Bell Irving, Messrs. F. A. Gomes, N. A. Siebs, C. Beurmann (Directors), T. Arnold (Secretary); J. Behrens, E. J. Moses, N. 8. Levy Woo Hon, E. Georg, G. Sharp, G. L. Tomlin, F. Henderson, A. Denison, G. C. Cox, D. W. Craddock, Rev. B. E. Falleiro, P. Jordan, W.M. Watson, G. H. Potts, and C. S. Sharp.
The SECRETARY read the notice calling the meeting,
** Thế CHAIRMAN-Gentlemen, the report and accounts having been in your hands for several days I propose that, as usual, they be taken as read. There is not much for me to add to what is already stated in the report. Our business during the half-year was carried; on under some- That adverse circumstances. In the first place,
almost the whole period one or other of vessels was off the line for repairs, and gh we were able to maintain the regular service with the other boats except in the case
Macao line when the White Cloud repair the fact of being a steamer ally told to a certain extent upon our Then again, owing to the fact that reclamation upon which our taken in hand out of the order ded, all our previously arranged we were suddenly called accommodation elsewhere, we were able to do, although ased expense. Still, notwith- is satisfactory to are some $5,000 in ponding six months does not, I think,
draw
quirements.
he Honam 8 new the extensive over-
ted at
ave
No questions being asked, the CHAIRMAN proposed that the report and accounts be adopted.
Mr. G. SHARP seconded. Carried.
Mr. POTTS proposed the confirmation of the appointment of Mr. C. Beurmann as Director in place of Mr. J. Kramer, who upon leaving the colony resigned his seat.
Mr. JORDAN seconded. Carried.
Mr. C. S. SHABR proposed the re-election of the retiring auditors, Messrs. A. O’D. Gourdin and F. Henderson.
Mr. TOMLIN seconded. Carried.
The CHAIRMAN-There is no other busi- ness, gentlemen, but I have to announce that dividend warrants will be ready on Monday at
ten o'clock.
HONGKONG AND SHANGHAI BANKING CORPORATION.
The following is the sixty-third report of the Court of Directors to the ordinary half-yearly general meeting of shareholders to be held at the City Hall, Hongkong, on Saturday, the 13th February, at noon :-
ง
To the Proprietors of the Hongkong and Shanghai Banking Corporation. Gentlemen, The Directors have now to sub- mit to you a general statement of the affairs of the Bank and balance sheet for the half-year ending 31st December, 1896.
ABSTRACT OF ASSETS AND LIABILITIES, 81ST DECEMBER, 1896, LIABILITIES,
Paid-up capital Reserve fund
Marine insurance account Notes in circulation Current accounts:--
The net profits for that period, including $300,134.98; balance brought forward from last account, after paying all charges, deducting in- terest paid and due, and making provision for bad and doubtful accounts, amount to $1,761,136.75.
The Directors recommend the transfer of $500,000 from the profit and loss account to credit of reserve fund, which fund will then stand at $6,500,000.
After making this transfer and deducting, remains for remuneration to Directors there appropriation $1,246,136.75, out of which thể Directors recommend a dividend of one
and five shillings per share, which will absorb $444,444.44.
The difference in exchange between 4/6, the rate at which the dividend is declared, and 2/11 the rate of the day, amounts to $501,568.36. The balance $300,323.95 to be carried, profit and loss account.
Silver...
Gold, £3,886,564.158.0d. Fixed deposits:——
10,000,000.00
6,000,000.00
250,000.00
646,128,00
$45,570,936.22
754,914.20
82,825,849.42
$34,379,916.08
Silver Gold, £2,626,307.198.6d.—24,882,978.18
bankers and short sight drawings on Bills payable (including drafts on London London office against bills receivable and bullion shipment) Profit and loss account
Cash
2,894,26
5,022,797.83- 1761-186.75
$184,118,801.26
ABSETS.
782.57 2,527,355.40 3,824,878.51
Bullion in hand and in transit Indian and Colonial securities.
Investments, viz.:-
£260,000.0.0 22 per cont. Consols lodged with the Bank of England as a
special London reserve. $1,900,000.00 £552,682.10.0 Consols and
other sterling securities 5,227,341.87*
Bille receivable...................................
Bills discounted, loans and credits
Bank premises...
Dead stock
7,127,341.87
63,586,305.68
80,217,513.89
989,625.34
100,000.00
$184,118,801.26
PROFIT AND LOSS ACCOUNT, 31ST DECEMBER, 1896.
Dr.
To amounts written off:...
Remuneration to directors
To dividend account:
£1 58. per share on 80,000 shares
£100,000 at
48. 6d
To dividend adjustment account:
Difference in exchange between 48. 6d., the rate at which the dividend is de- clared, and 28. 1 d., the rate of the day To transfer to reserve fund....
To balance carried forward to next half-year
By balance of undivided profits, 30th June, 1898
By
amount of net profits for
the six months ending 3let December, 1896, after mak- ing provision for bad and doubtful debts, deducting all expenses and interest paid and due
300,134.98
15,000.00
444,444.44
501;368:36
500,000,00
300,323.06
$1,761-186.75
ESERVE PURI
To balance
By
30th June, 1890
By transfer from profit a
new
The me Artillery Cor
2nd January –
Cinderella dance on t
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