October 14, 1889.)
OUTRAGE NDAR KOWLOON CITY,
AN INDIAN CONSTABLE BADLY ASSAULTED, As an Indian constable was returning from his beat near Kowloon City at about five o'clock on Monday morning he was set upon by a couple of Chinamen armed with knives. He was stabbed about the head and thrown to the ground. His assailants robbed him of his carbine and watch and then made off. The constable, who was bleeding freely, was too seriously in- jared to follow them and it was with the greatest difficulty that he succeeded in reaching the Police Station. He now lies in a precarious condition at the Government Civil Hospital.
CHINA TRADERS' INSURANCE
COMPANY, LIMITED.
The 33rd ordinary meeting of shareholders in the above Company was held in the offices, Queen's Buildings, on Tuesday at noon. Mr. J. Thurburn presided, and there were also present Messra, A. J. Raymond, A. Haupt, E. Goetz (directors), A. S. Garfit (Acting Secretary), Hon. C. P. Chater, J. Wheeley, G. H. Potts, W. H. Dann, E. Osborne, J. Orange, G. de Champeaux, D. Gillies, Richardson, G.T. Veitch, R. H. Hill, F. D. Goddard, G. Stewart, C. Palmer, and J. C. Peter.
The Secretary read the notice convening the meeting.
The CHAIRMAN - Baid ·
|
CHINA OVERLAND TRADE REPORT
On the motion of Mr. HILL, seconded by Mr. PETER, Messrs. T. Arnold and H. U. Jeffries were re-elected auditors.
The CHAIRMAN--That concludes the business, gentlemen. I thank you for your attendance. Dividend warrants will be ready to-morrow.
UNION INSURANCE SOGIETÝ OF CANTON, LIMITED,
The 26th ordinary meeting of shareholders in the above company was held at the head office, No. 1, Queen's Buildings, on Thursday at noon. Mr. E. S. Whealler presided, and there were also present Messrs. H. L. Dalrymple, N. A. Siebs, R. H. Hill, A. G. Wood (directors), Douglas Jones (secretary), David Gillies, J. H. Cox, C. H. Thompson, J. C. Peter, T. W. Richardson, F. D. Goddard, R. M. Gray, H. W. Slade, H. J. M. Carvalho, G. W. F. Playfair, H. E. Tomkins, and L. M. Alvares and J. A. Carvalho.
The SECRETARY read the notice convening the meeting.
The
THE YOKOHAMA SPECIE BANK
LIMITED
half-yearly general meeting held at the head The following is the report submitted at the office, Yokohama, an the 9th September
Gentlemen, The Directors submit to you the annered Statment of the Liabilities and AB sets of the Bank, and Profit and Loss Account for the half-year, ending June 30th, 1899,
":
Gross Profits of the Bank for the past half- year, including yen 362,303/ brought forward from last Account, amount to yen 5,551,285.); of current expenses, interest on deposits, &o., which yen 4,033,427./ have been deducted for leaving a balance of yen 1,517,858./ ont of which yen 69,333. have been written off for Officers' Remuneration.
be added to the Reserve Fund, increasing it to The Directors now propose that yen 200,000./ yen 7,500,000. be set aside for the contemplated rectors recommend a dividend at the rate of fif- New Building. From the remainder the Di
450, 000./ on the Old Shares, and yen 337,50 on teen per cent., per annum, which will absorb yen the New Shares, making a total of yen 787,500./ The balance, yen 411,025/ will be carried for- ward to the credit of next account.
NAGANATE SOMA Chairman, Head Office, Yokohama. 9th September, 1899,
Shareholders of the Bank, held on the 9th of At an Extraordinary General Meeting of September, 1899, it was decided that the capital should be increased by yen 12,000,000, thus raising it to you 24,000,000; that the new shares issued be allotted to the shareholders on the 31st of December, 1899, at the face value of yon 100 each; that on each of these new shares balance be called up when the Board of Direo- yen 50 be paid in March, 1900; and that the tors deems it necessary to do so.
THE JELEBU MINING AND TRAD-"
ING CO. LIMITED.
We give below the directors' report and and accounts for the period from February 9th to August 6th last of the Jelebu Mining and Trading Co. The report says:—
Your Directors beg to submit a statement of the Company's accounts for the period from 6th February to 6th August, 1899, being the first half of the eleventh year of the Company's existence by the Chinese calendar. As will be seen from the working accounts. a profit of $15,369 has been made during the half year on alluvial ore as compared with $10,661 in the corresponding previous half year. The Man- nager reports the advances to be safe.!
The CHAIRMAN said-Gentlemen, with your permission we will take the report and accounts as read. The accounts are very full, and there is little in them to which I need refer. net premium for 1898 shews an increase of some $430,000, whilst the losses show an increase of $360,000 over the previous year, aud the re- sult of the year's working is that we were again Gentlemen, before able to pay a bonus to contributing shareholders proceeding with the business of the meeting, of 20 per cent. and to propose a dividend of $18, I would on behalf of the directors express or 36 per cent.. as compared with a dividend of the pleasure they have in meeting the share $17 paid last year, and at the same time we are holders in our new offices, which I thinkable to increase the reserve fund by $60,000, you will agree are more worthy of being the With regard to the 1899 accouuts, you will head office of this company than those we notice that the balance at credit at the 30th June lately vacated. The present offices are far was $1,194,031.00, a snm considerably in excess of more convenient and healthier for the staff, that of any preceding half-year, and the same may and we were
fortunate in securing them be said of the estimated balance at credit at 30th easily at a very moderate rental, the increased September, but it is of course a great deal too cost to the Company being under $900 a year. early to form any estimate of the result of the Turning to the report, which, following our usual the year's working, though we have so far every custom, I presume you will take as read, you may reason to hope that it will turn out favourably. remember that when we last met I remarked Turning to the balance-sheet you will notice that, although it was then too early to speak that the investment fluctuation account is less with confidence of the prospects of the then by $16,000, which is due to the fall in value of current year, I ventured to hope that when we sterling securities; exchange flootuation account next met we should be able to present a much is less by $13,000 owing to exchange ing better report than the one it was our duty last higher at the end of our half year than at its year to lay before you, and if you compare our commencement. You will also notice that the present accounts with those of twelve months sterling securities have been increased by ago you will see that my guarded prophecy has £30,000. Staff: I am sure that the shareholders been fulfilled, The outlook, howevor, for will join with the Board in regretting that marine insurance business in not partion- Mr. M. P. Jakes has decided to retire from larly bright. Rates with few exceptions show business at the end of this year Mr. Jukes no general improvement, and I am afraid joined the service of the Society in 1874, when I should hardly be justified in holding out our London branch was opened, and he has been hopes of any immediate change for the bet- the agent of the Society in Loudou from that The outlay on the Rin Lode for the half · · ter. It is some satisfaction to know that we dato. Our London business forms a very im- year amounted to $19,083, which, together are meanwhile holding our own, and, when portant part of our business, and under Mr. with $17,379 spent on lode machinery, and any improvement does take place, we shall doubt.
Jukes management has been conducted with with the earlier expenditure, brings the total less reap our full share of the benefit. Our loaus conspicuous success. The Board had no hesit. sum standing to the debit of the account to on mortgage have been submitted to the usu i ation in agreeing with the London Committee $98,471. Though about $117,000 have been annual sorutiny, and Messrs. Palmer & Turner that Mr. Jukes long and successful services spent on the lode, it is valued at only $98,471 report them to be satisfactory, and that the should be recognised by the Society by present in the Company's books. That amount is con- margins are most ample. I very much regret ing him with an honorarium of £3,000 on his sidered a good asset. The lode may now be to inform you tha our London Manager retirement. Mr. Douglas Jones, our Secre- considered to have been thoroughly proved. Mr. Waldemar Schmidt, has been compelled tary, has been appointed agent in London Most of the machinery has been erected, and owing to ill health to tender his resignation. in succession to Mr. Jukes, whilst Mr. H. the first orashing will probably take place dur- Mr. Schmidt joined the Company and open C. Saunders, who has been many years Mr. the first fortnight of November. Below will be ed the London Branch in 1875, and the direc- Jukes' assistant in the London office, has found an extract from the Mine Manager's tors gladly avail of this opportunity to acknow. been appointed underwriter, Mr. W. J. Sann- report, dated 1st September, 1899, giving parti- ledge his long and valuable services. I am ders being appointed Secretary in Hongkong. culars of the present position of the lode. pleased to be able to add that the London Before moving the adoption of the report and These particulars fully bear ont former expects- Branch will still in a measure enjoy the benefit accounts I shall be very glad to answer any questions. After writing off the usual depreciation, of Mr. Schmidt's experience, as he has accepted tions any gentleman would like to ask. a seat on the London Committee. The direc tors have appointed Mr. Garfit as his successor, and he will shortly leave for home to take up his new duties, and Mr. Wadman will become Acting Secretary pending Mr. Ray's return. Before moving the adoption of the report, I│| shall be pleased to reply to any questions that shareholders may wish to ask.
No questions being asked, the report and ba. lance-sheet were adopted, on the motion of the CHAIRMAN, seconded by Mr. WHEELEY.
On the motion of Mr. OSBORNE, seconded by Mr. POTTS, the appointment of Mr. Goetz as a director to fill the vacancy caused by the retire- ment of Mr. C. Benermann who has left, the colony, was confirmed.
Messrs. J. Thorburn and AJ. Raymond were re elected directors, on the motion of the Hon. C. P. CHATER, seconded by Mr. PALMEE.
There being no questions the report and accounts were adopted, on the motion of the CHAIRMAN, seconded by Mr. RICHARDSON.
On the motion of Mr. GILLIES, Secondled by Mr. GRAY, Messrs E. 8. Whealler and A. J. Wood were re-elected directors.
Messrs J. H. Cox and W. Hutton Potts were re-elected auditors, on the motion of Mr. THOMPSON, seconded by Mr. SLADE,
The CHAIRMAN-That is all the basiness before the meeting, gentlemen. We thank yön for your attendance. Dividend warrants will be ready to-morrow.
there remains at the debit of profit and loss account the sum of of $57,969, as against $69,793 at the end of the previous half year. That reduced debit balance your Directors propose to carry forward, (Sd.) J.P, JOAQUIM, ARNOT REID, Directors
HUTTENBACH Brothers & Co. General
Agents. Extract from the Mine Manager's report on the Rin lode, dated 1st September, 1899 —The number of lodes on which work has been carried on are three, known as Nos. I, II, and III Lodes,
"av.
abt No. I 2ft. 6in.
per cont
black tin. IL 3ft.3 per cent III
The house of Mr. A. R. Owen on the Bluff, Yokohama, was burnt down on the 23rd Sep- tember, It was insured for 2,000 yen in the Imperial, and the contents in the Hongkong. Fire.
1ft 14 per cent
12ft 6in.
8 per cent
-II
3ft 6in;
4 per cent
I
3ft. 6in. *
4 per cent
2ft: 6in. - - 2) per cont
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