July 15, 1897.]
By steamships, hulke, ferry
boats do......
Less depreciation written
off for this year
[This includes the value of steamer "Kow Shing," claimed from the Chineso Go- vernment.]
By coals and provisions on board ships and
in godowns..
By office furniture.
By sundry debtors in London and China,
agents' balances, freights, &c....
By cash in London and China
CHINA OVERLAND TRADE REPORT.
Mr. John Cooper, the Anditor, also retires, and offers himself for re-election.
BALANCE SHEET, 31ST DECEMbær, 1890.
£ Dr.
£ 8. d. 10,000 0 0
a. d.
ASSETS.
£
8, d.
& 8. d. .714,094 0 0
By order of the Board,
40,260 0 0
-674,744 0 0
June 9th, 1897.
H, W. DAVEY, Secretary.
6,767 9 3 90 0 0
64,172 4 6 5,467 17 5
To authorised capital:—
10,000 £1 shares...
To subscribed capital :-
3,050 shares, fully paid... 5,509 shares, 17,6 paid
3,050 0 0 4,820 7 6
£751,241 11 2
7,870 7 6
REVENUE Account.
Less calls in arrear.
219 10 0
Dr.
£ grd.
To general charges, telegrams, directors'
Bills payable
and auditors' fees
5,508 7 1
To depreciation recount—
On steamships, &c.
On office furniture
40,250 0 0 10 0 0
Sundry creditors :-
London. Hongkong
770 111 834 11 11
Shanghai
2,110 12 6
40,200 0 0
To interest account
4,207 18 7
To directors' fees (not drawn).
To exchange transferred to exchange re-
serve account
3,919 411
To profit and loss account, subject to adjust- ment of contra agencies suspense account
To balance-transferred to balance sheet.....
1,380 16 3
£55,276 6 10
Cr.
By balance brought forward froin 1895.. By net earnings of steamers for the year By exchange account
By transfer fees
By amount transferred from underwriting
account
£ 8. d. 6,066 13 7
28,956 G
3,919 4 11
15 5 0
16,318.17 3
£55,278 6 10
BELL'S ASBESTOS EASTERN AGENCY, LIMITED.
The following is the second annual report presented to the annual meeting held on the 18th June:-
The Directors herewith present to the Share- holders the Report and Acconnts, duly audited, to December 1st, 1896.
By cash at Bank and to hand:
London...
Hongkong
Shanghai
By London assets:
Bills receivable Sundry debtors Office furniture
7,650 17: 6
THE MYSTERY OF 1BE
UNEBI-KAN.”
A CLUE FOUND.
53
It will be remembered that in the summer of 1886 the Unebi-kan, a cruiser built in France for the Japanese Government, reached Singa- pore safely, but after leaving that port for Japan was never heard of again. It was be- lieved that she was overtaken by a typhoon, and foundered with all hands. This belief has now been confirmed by Japanese Government officials on the Pescadores. The Yomiuri says that in the course of a tour of inspection of Fisher Island recently the Superintendent of Police found one of the natives using what was 4,175 10 4 evidently, the cabin door of a steamer as a door for bis house. Upon inquiry as to where it came from, the natives said that about seven or eight years ago a large steamer was wrecked off the coast, and the door formed part of the wreckage washed up. He showed some other portions of debris to the Superintendent, among them a box with the words "Yokosuka Chinju-fu Iryokwa" (Clothes and Provision Office, Yoko- suka Port Admiralty), a wooden European trunk, two cabin doors painted in white and gold, and a flag-box.
3,715 16 4 150 0 0
135 13 10
£15,827 18 0
Cr.
£
a. d.
£
21
૪. ધૈ. 5 8
247 3 9
323 17 4
By Hongkong agonoy assets:-
Stock...
Steam launches Sundry debtors Furniture
By Shanghai agency assets:-
Sundry debtors Stock.... Furniture.
By agencies suspense account By Singapore agency (stock)
account
Less written off
It will be observed from the date of the auditor's certificate that these accounts have.By Singapore agency suspense been completed for some time, but their issue has been delayed to await the return of the Managing Director from the East, and to com- plete the negotiation of the debenture referred to below.
The amount at credit of profit amounts to the sum of £834 38. 6d., after providing for London office and other expenses.
The Directors are not dissatisfied with the progress achieved during the year, but, owing to the necessity for additional funds for the conduct of the Company's business, they do not. consider it advisable at the present time to declare a dividend, but recommend that one- third of the original amount of preliminary expenses be written off, say £267 10s., and the amount of £100 be written off the Singapore suspense account (the cost of opening the branch there), and that the sum of £135 13s. 10d. be transferred to profit and loss new account.
In the autumn of last year Mr. F. A. Waylen left for the Far East, to establish a branch at Singapore. As business was not commenced until the close of the year, it has been decided by the directors to place the whole of the expenses and stock of this branch to a suspense account.
They have
By purchase of trading rights. By goods in transit:
Shanghai Hongkong
By preliminary expenses Less written off
592 6 9
2,867 19 11
2,743 17 10 1 94 2 30 0 0
1,466 10 5
480 12 4
391 14 11 59 2 7
2,398 0 3
1,120 11 3 3,103 14 8 28 18 3
350 0 0 100 0 0
709 7 8 8 218 8
536 0 0 267 10
0
4,253 4 2 232 6 5 1,038 14 2
250 0 0 3,000 0 0
927 18 4
267 10 o
£15,827 18 0 PROFIT AND Loss Account, FOR THE YEAR ENDING 31ST DECEMBER, 1896. Dr.
To trade expenses
To Loudon office
To advertisements.. To ten per cent. depreciation on furniture...
To balance (profit) ......
To income tax paid ‹..
To preliminary expenses written off To preliminary expenses Singapore branch. To auditors' fees for 1895 and 1896 To directors' fees (not drawn).. To managing director's remuneration
The Directors have for some time felt the requirement of larger funds for the develop- To balance carried forward ment of the Company's business. therefore, under the powers conferred by the Articles of Association, issued a Debenture for £5,000, carrying interest at the rate of five The Directors have per cent. per annum. agreed to the nomination of a Director on the Board by the Debenture-holders, and Mr. George Wm. Giles has been appointed a Director in the place of Mr. Wm. Robe Jenkins, who has retired.
For the more efficient conduct of the Com-
Cr. By balance brought from last account
£122 9 4 509 18 7 By profit on London sales. By profit on Hongkong sales...
121 12 9 By profit on Shanghai sales By commission By discounts, &c...
Less interest on loans
pany's business, the Board considered it advis- By transfer fees.... able to appoint Mr. F. A. Waylen, the founder of the Company, Managing Director.
Under the provisions of the Articles of Asso- ciation, Mr. A, G. Angier retires from the Board, and, being eligible, offers himself for re-election.
By balance (profit)
149 5 2 26 3 10
By balance carried forward.............
£ E. d. 267 15 1
138 18 0 50 6 10 4 5 9
£401 5 8
834 3 6.
£1,295 9 2
£12 18 8 267 10 0 100 0 0
21 0 0 150 0 0 149 3 0
£698 9 8 135 13 10
On the 6th June the official with bis colleague and an interpreter again visited the place and made further inquires, and as the result of investigations still proceeding there appears to be little doubt that the wreckage belonged to the Unebikan, which was probably caught in a typhoon and wrecked off the Pescadores, not a single man escaping to tell the tale.-Kobe Chronicle.
CORRESPONDENCE.
[We do not hold ourselves responsible for the opinions expressed by our correspondents.]
THE MYSTERY OF THE
UNEBI-KAN."
TO THE EDITOR OF THE
"DAILY PRESS."
SIE, The interesting article under this head- ing which you reproduced from a Japan paper seems to fit in with some accounts of shipwreck given me by the Rev. W. Campbell, of Formosa, who spent a month on the Pescadores in 1893, soon after the deplorable wreck of the Bokhara and Norman. I was so confident that one wreck was that of the Unebi Kan that I reported it to the Japanese Consul here, also to the Naval Authorities. The story as given me by Mr. Campbell, who got it from the natives of the Northern Islands of the Pescadores, was in the spring that in rough weather
sub. of 1886 two fishermen merged reef to the N.W. of the N.W. Outlier a number of men, described by them as several hundred, who made frantic gesti cula. tions for them to come and save them, but ow- ing to the rough sea and the numbers on the reef they were afraid to approach. They then returned home with the news and when boats set out next day not a man was to be seen. The natives described these men as small of stature and dark and thought they were Malays or Japanese.
saw
on a
•
The natives gave Mr. Campbell many other accounts of shipwreck in which there were no survivors but a veritable windfall in wreckage, which they never made any fuss about. There is no doubt that many valuable ships and lives bave been lost on the Northern Pescadores, £834 3 6 particularly sailing ships, whose fate has never been known. The interesting relics found by the police officer on the Pescadores leave no doubt but that the Unebi Kan was lost in that neighbourhood; but why in a typhoon ? for it was not the typhoon season.
&
8. d. 47 0 3
754 0 8 364 19 5
123 1 4
Mr. Campbell was so positive of the existence of an unknown reef to the westward of the Pescadores that. I reported it at the time and again in 1896, when I got the approximate 67 position from a Japanese transport. I under- stand the reef has been searched for, but surely a few dollars to the fishermen, who are said to £1,295 9 2
know its position well, would save much trouble £834 36 and give us the position of a reef lying almost in the track of vessels taking a mid-channel ...... £135 13 10 course. If this reef is known to the Japanese.
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