PROFITKAN
Balance brought forward from last year Gross earning for year ending 81st Dec
RESERVE FOND, 31er DronxmiR, To account carried forward.
February 25, 1
18971
has also accepted a seat on the Board and the sp. ents of these gentlemen require confirma-
Messrs. M. D. Ezekiel and N A. Siebs TOU in rotation according to the articles of Association, but being eligible offer themselves for re-election
AUDITORS.
Mr. T. I. Rose having resigned, the Board appointed Mr. W. H. Potts in his place. -- Messrs. F. Henderson and W. H. Potts have audited the accounts now presented, and the directors recommend them for re-election.
J. J. BELL, IRVING, Chairman.
Hongkong, 15th February, 1897.
BALANCE SHEET, 8let December, 1896.
»Dr. LIABILITIES.
To capital (20,000 shares at $50 fully paid-up) 1,000,000.00 To Hongkong and Shanghai Bank-
ing Corporation......
To debentures outstanding
To sundry creditors
To depreciation and repairs account
To dividend account (unclaimed balance) To profit and loss account, balance
CHINA OVERLAND TRADE REPORT.
By bonus for
storing, landing, do.
fire insurance account
889,114.01
145.54
Charges, directo Amount to be
-8339,260.45
PROFIT AND Loss Account. Dr.
4:48.13
150.00
80,443.81
Dividend
ment of $1.1
40.453 shares,
'at exchange of 28. 1d.
Balance to be carried forw
next account
25,000.00
To purchase of fractional certificates To loss on sale of lighter 11 To Intecest
To interim dividend.
To balance appropriated as follows
Directors, and auditors' fees ......$ 6,500.00 Final dividend...........
......................... 25,000.00
Transfer to depreciation and re-
poirs account
15,000.00
Amount written off launches .............
1,825.00
Amount written off lighters
3,670.10
Amount written off furniture and
plant.
2,394.38'
Amount carried to new account
10,119.41
64,508.98
$99,248.47
$120,145.9$
..500,000.00 55,594.29
Cr.
654,842.76 By transfer from working account 1895 78,180.70 By transfer from working account 1896 493.76 By unclaimed dividends written off 10,119.41
13,316.69
106,554.08
275.26
$120,145.92
$1,738,586.62
DEPRECIATION AND REPAIRS Account.
Dr.
C
Or.
ASSETS.
$ 0.
Hongkong, and Heron as per
By value of land and buildings
at Kowloon as per fast account 1,213,590.01 By since expended on new
houses, de....
By value of 4 wharves at Kowloon ........................
By value of rolling stock at Kowloon
By value of launches Kowloon,
last account ......
To repairs, renewals and improvements dur-
ing 1896...
To balance
23,856.76 73,130.70
5,888,18
1,219,473.19
100,000.00
Cr.
22,000.00 | By balance from 1895
By transfer from profit and loss account
12,325.00
Less sale of Heron
1,600.00
$10,825.00
Since spended on new tug
8,000.00
Less written off
$13,825.00
1,825.00-
By value of lighters as per last
account Less loss on sale of lighter 11
$21,048.63
150.00
$20,898.63 Since expended on now lighters 19,271.56
Less written off
By value of West Point reclama-
$40,170.19
8,670.19
tion (44,485 square feet at $4) $177,740.00
By West Point Godown $9,899.51
By new go
downs 188
per last
account...$1,052,00
Since expend-
on now
godowns .. 86,690.03
-37,742.03
47,141.45
By value of West Point wharf.
By value of sheers
By value of furniture and plant as
per last account
$8,262.97
Since expended on additional
furniture and plant, &c......... 631.41
Less written off
-By Sui Lock Hing (mortgage).
$8,894,38
2,394.38
By Hongkong Bank (unclaimed dividend
By sundry debtors
BOCOR
By cash in hand
བན་་་་ཐོན་་---་་་སགས་་ན་་་་
value of stationery on hand..
alue of coal on hånd..........
By value of timber, iron, and stores on hand
for repairing wharves, do...!.
12,000.00
36,500.00
By amount brought forward from last year By amount now to be added, as above
2,000.00
THE HONGKONG HOTEL COMPANY, LIMITED
The following is the report of the Director to be presented at the ordinary, meating $96,487.46 shareholders, to be held at the Company
Hotel, at noon on Saturday next
$ 0 81,487.46 15,000.00
$96,487.44
THE NATIONAL BANK OF CHINA, LIMITED.
The following is the report of the Directors to the shareholders for the year ending 31st December, 1896 :-
•
To the shareholders of the National Bank of
China, Limited.
Gentlemen, The Directors have now the pleasure to submit to you the accounts and balance sheet for the year ending 31st Decem ber, 1896.
!
The net profits including $4,218.84 brought forward from the previous year, after paying all charges, amount to $62,334.46, from which we propose to transfer $12,000 to the reserve fund and to pay the same dividend as before, i.e., 2s. 6d. per share, this at 28. 1d. 7-16ths (the demand sterling rate on 81st December)-$1.18 out here, which absorbs $47,794.54, leaving the sum of $2,599.92 to be carried forward to next 224,881.54 800ount.
15,000.00 500.00
Mr. Stolterfoht and Mr. Kwan Hoi Chuen retire in rotation from the Head Office Board and Mr. Wotton from the London Committee, and being eligible for re-election offer them selves accordingly.
The accounts at the Head Office have been audited by Messrs. J. H. Cox and W. Hutton, 6,500.00 Potts and in London by Messrs. Deloitte, Dever 15,000.00 & Griffiths, Chartered Accountants.--Your 58,086.10 obedient servant,
0.
HERM STOLTERFOHT,
Chairman.
Hongkong, 9th February, 1897.
C
BALANCE SHEET 31ST DECEMBER, 1896.
5 LIABILITIES.
Capital, 750 fully paid founders' shares of
£1 each (at par of 38.).
Capital, partly paid, £325,144 (at par of 38.) Reserve fund
|
In accordance with section 53 of the articles of association, the Directors have now to sub- mit to the shareholders their half-yearly proport for the six months ending 31st December, 1896.
ACCOUNTS.
The profit on working account for the mix months amounted to $24,110.76, as compared with $24,259.56 for the corresponding period of 1895, being a decrease of $148.80.
The profit and loss account, including $24.45 brought forward, shows a credit balance of $7,447.38, after writing off $22,000 from furniture and fixtures as recommended-in) last report and paying $4,984:22 for repairs and im- provements to buildings, furniture, &o.
The Directors propose to deal with the balance as follows
Write off furniture and fixtures $5,000.00 Transfer to repairs and renewals
account as mentioned below... 2,000.00 Carry forward to new account.... 147.38
BUSINESS,
$7,447.38
The business of the Hotel has continued to improve, with the exception of the barzand billiard room custom, and the Directors attribute the falling off in these departments mainly to the closing of Pedder's Wharf and consequent diversion of traffic.
On the completion of the new wharf (which they trust will not be much longer delayed) they hope for a resumption of receipts on the basis of former years. The presence of plagu in the colony during the summer month, also in spite of these drawbacks the revenue acted adversely on the Company's busines
other sources shows satisfactory
The shops and offices under continue to be satisfact mand for RUAKE
for such accommo extremely central position ́always in excess of the supply.
REPAIRS AND RENEWALS / With a view to provide in a mor manner for the repairs and re 5,000.00 | ings, furniture, and fixtur
theapprov 2,167,626.65|| with
70,000.00 an account to be 498,785.00 account, and,
493.75 852.47 727.55 327.51
81,244.51
$1,788,586.02
WORKING ACCOUNT.
A Dry
Waz
of permanent staff
9,578.42
(office an
telephone-rent, station- lecting commission,
Ondrafis, acceptances and,
(billa re-discounted) Balance of profit and loss account
endorsements
9,860.90
369.12
2,120,827.76)
62,334,46
θα τ ,633,724.85 &
1,390.98
the
1,083.09
ASSETS.
from
coolle hire,
126,897.15
To Cro
68,806.42 Notes in circulation
8.286.88 Fixed deposits current and other accounts. 8,709,150.98|| year, to credi
Cash on hand and at Bankers. 2,189.17 Government securities belonging to the Bank 4,161,90 | Bills receivable, loans and advances ⠀⠀ 37.42 Furniture, stationery, and stamps.. 106,654.08 | "Adjusting sccount (exchange and interest).
by rotation, but offer th
No comments yet.
Private notes are available after approval.