408
the ground floor, three of which were working. From each of the latter he took a jar of samshu. He also seized 52 bags of sugar, 122 earthenware jars of sugar, aud also a large quantity of rice and empty jars, the latter being so numerous that he did not count them. On the first floor were between 20 and 30 large jars of vinegar. He found defendants in the ac- countants' room on the first floor upstairs. Downstairs were
about a dozen men working at the stills. When he entered the house he sent up for the accountants and defendants came downstairs and accompanied him in his inspec- tion of the promises. He had a body of police with him.
The further hearing was adjourned until this afternoon to allow of the subpœauing of Mr. Frank Browne, Acting Government Analyst. Defendants were allowed out on bail, a security of $300 being found for each of them.
At the Magistracy on 17th May before Commander Hastings Chau Kat and Chau Kun, accountants, were charged on remand with unlawfully distilling intoxicating liquors, to wit, Chinese spirits, without a license on the 14th inst. at 9, Sai Ou lane. They pleaded guilty and were each fined $360. All the apparatus, &c., has been confiscated.
ADMISSION OF A SOLICITOR.
On Saturday morning, 14th May, Mr. Frauk Barrington Deacon, who has served his articles with Messrs. Deacon and Hastings, solicitors, was admitted as a solicitor at the Supreme Court by Sir John Carrington, Chief Justice.
The Attorney-General (the Hou. W. M. Goodman) said this was an application under section 6 of Ordinance 3 of 1871 asking the Court to approve, admit, and enroll as an at- torney and proctor Mr. Frank Barrington Dea- con. The affidavit required by section 26 of the Ordinance had been filed, and he was informed by the Registrar that the necessary papers were all in order. Mr. Frank Barrington Deacon bad served his articles with Messrs. Deacon and Hastings, of this place. He was duly examined in the middle of May, and had complied with all the requirements to enable that application to be made. It gave him very great pleasure to say, as one of the examiners, that Mr. Deacon pas- sed a very creditable examination.
Sir John Carrington-Let Mr. Frank Bar- rington Deacon be approved, admitted, and enrolled as an attorney and proctor. I have very great pleasure in making the order and I wish him every success.
A. S. WATSON AND CO., LIMITED.
The following is the report of the General Managers for the year ending the 31st Decem- ber, 1897, for presentation to the shareholders at the thirteenth annual ordinary general meet- ing of the Company (since its registration) to be held at the Hongkong Dispensary on Satur- day, the 28th May, at twelve o'clock, noon- To the shareholders of A. S. Watson & Co.,
Limited.
Mr.
Gentlemen,-It is with great regret that we have to record the death of Mr. John David Humphreys, which occurred at Folkestone, England, on the 8th November last. Humphreys was General Manager of the Com, rany from its formation in 1885 up till the time of his death, when in accordance with the special resolution duly passed on the 11th December, 1895, and confirmed on the 28th December, 1895, we became the General Man- agers of the Company.
We now beg to lay before you a statement of the Company's business, with a Balance Sheet for the year ending the 31st December, 1897.
The net profits of the Company for the twelve months under review, after paying all charges, including General Management, and providing for all bad and doubtful debts, and with the addition of $12,159.15 brought forward from last year, amount to...
$95,575.15
From this there has been written off for Depreciation Of Furniture, Fittings, Utensils of Trade, Ma- chinery and Building Im- provements...
And from the value of the property known as Re-
|
|
|
THE HONGKONG WEEKLY PRESS AND
maining Portion Inland Lot No. 19 and the Build- iugs thereon
Leaving an available balance of ... $69,239.1 We paid an interim dividend of 5
[May 21, 1898.
Inland lot No. 16 and the build-
ing thereon
149,000.00
21,055.32
$26,336.14
851,389.49
$1,224,284.82
Dr.
PROFIT AND Loss AccouNT.
$ C.
To depreciation account To written off from value remaining portion inland lot No 19 and buildings thereon
5,280.82
.21,055.32
To balance
30,000.00 9,239.01
26,336.14 69,289.01
$95,575.15
Cr.
$ 12,159.15
0,
per cent. in November last absorbing $30,000.00
And we now propose to pay a far- ther dividend of 5 cont. (making 10 per cent. for the year) which will absorb
per
To carry forward to 1898 account
$69,239.01
The considerable increase in the amount shown in the present balance sheet under the heading of stocks-in-trade ́and the heavier liabilities aro consequent on important exten- sions made during the year under review in the Company's business operations in Amoy and Hongkong.
The respective values of the two properties Remaining Portion Inland Lot No. 19 and the buildings thereon and inland lot No. 16 and the buildings thereon (better known as the building formerly occupied by the Hongkong Club) have been adjusted by reducing the book value of the former to the extent of $20,000 and increasing that of the latter by the same amount.
Peak Rural Building Lot No. 80 and the build. ing thereon, not being further required for the Company's business, was sold in December last at a profit of $2,000 above its book value.
The Company's accounts in London have been audited by Messrs. Hopps, Banhart and Warmington, Chartered Accountants, and those at the head office by Mr. S. G. Bird.
The business of the Company continues to be of an expanding and satisfactory character.
JOHN D. HUMPHREYS & SON,
General Managers.
Hongkong, 16th May, 1898,
BALANCE SHEET, 31ST DECEMBER, 1897. LIABILITIES.
Capital account
Local and general liabilities in
the East Local and general liabilities in
London
$60,556.47
48, 52.30
Mortgage on inland lot No. 16 and the
buildings thereon
Hongkong and Shanghai Bank loan recount fills payable, I'kong, Manila, and London Permanent reserve fund... ...: 100,000,00 Reserve fund to meet contin- gencies, or for the equaliza- tion of dividends
Unclaimed dividends Security deposits from staff.
Profit and loss, for-
ward from 1896 Profit and loss, remain- ing balance 1897 after writing off $26,336.14 as per
$12,159.15
profit & loss account 57,079.86
Less interim dividend
25,000.00
-$69,239.01
of 5 per cent. paid in November, 1897 $3,000.00 Less amount unclaimed 4,8 9.5)
ASSETS.
D
$
600,000.00
108,608.83
84,000.00 125,000.00 121,2048
125,000.00 3,877.00 12,700 00
-25,39 2.50
43,848.51.
$1,224,234.82
Total stocks in trade building improvements and leaseholds. Good debts due from customers Suspense account
ash in band Cash at bankers
Bills receivable
$10,400.04 10,020.19
Fire insurance premia unexpired Good debts due from sundry debtors in Lon-
don and Hongkong Branch adjustment account, 1897 Investments in public companies -
North China Insurance Co, Limited... Hongkong Fire Insurance Co., Limited Laonstancia Cigar Factory, Manila Section A of inland lot No. 17
and the buildings thereon $64,389.49 Remaining portion inland lot No. 19 and the buildings thereon
$5,280.82
Kowloon inland lots Nos. 549,
550, and 651................
115,000.00
23,000.00
CONTRA
By balance forward from 1826 By net profits in Hongkong, China, Manila,
and London for 1897
83,416.00
$95,575.15
NEW BALMORAL GOLD MINING
CO., LIMITED.
The General Managers, Messrs. John D. ing reports from their mining manager:——— Humphreys and Son, have received the follow.
Mount Macdonald,
15th April, 1898. I have the honour to report on the abort Company's Mines as follows
sinking 11 feet have been sank; total from sur- Queen Mine-Main shaft, since resuming
face 361 feet. Hitches for bearers to carry frame set have been cut. This set together with chamber set will be put in position and timber put in to connect with timber above the 350 feet level. This will be completed in a day or two and sinking will be resumed. Ground in bottom of shaft softer than any met with for a considerable distance.
Balmoral Mine.—Tribute let to Peel and party on advantageous terms. In addition to royalty on gross yield, the Company retain half interest on the whole. Have inquiries for other portions of ground and hope to let them shortly. Advantage was taken of the Easter holidays to clean out and test boiler at Queen Mine in accordance with mining regulations. Every. thing in good order.
Mount Macdonald,
27th April, 1898.
I have the honour to report on the above Company's mines as follows:
Queen Mine,-Main shaft.-Frame set in shaft, also chamber set at 350 feet level put in also completed timbering of shaft to this level. Sunk an additional 5 feet, total 367 feet.
Balmoral Mine-Peel and Brown are work- ing on a small vein; the country is very hard, but,ore stone is of good quality and they anti- cipate a profitable return. Another party are prospecting on surface, so far without any result.
OLIVERS FREEHOLD: MINES, LIMITED.
The General Managers, Messrs. John D. Humphreys & Son, have received the following reports from their mining manager :-
Mount Macdonald,
15th April, 1893. Since last report, work at the mines has been going on in a satisfactory manner.
Eureka Mine.-Main shaft.-Reef at the 300 feet level varies from 6 to 8 feet in width and $ C.
although not rich is of most promising appear- 670,339.59 4,579.93
ance and there is every reason to expect that it 120,748.23 will improve in quality. Winze below 200 feet 2,050.56 level sunk a total of 42 feet; reef 6 to 7 feet; ore of average grade. Will start rise from the 300 feet level to connect with winze as soon as . 30,020.23
5,720.35 possible. Stopes above the 200 feet and 150 3,176.53
feet levels looking same as last reported; no change to report în regard to quantity or qua 8,899.72 lity of ore. Advantage was taken of the usual 11,260.62 Easter holidays to effect a few repairs to wind- ing plant and also to fill up the stopes above the 200 feet level.
4,243.57
Eureka B Shaft.-Good progress is being made by the two men employed in this shaft, the ground being favourable for sinking; total depth 41 feet.
Olivers Battery-Since last reporting 396 tons have been crushed for a yield of 123 ozs. dwts. retorted gold. This, though poor, is a
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