202
PROFIT AND Loss Ao00UNT FOR THE BIx Months
Ending Bist December, 1899.
To bad debts and refunds...
To rates
Dr.
To half-year's interest in debentures ($500,000
at 8 per cont........................................................
To interest account
To directors' and auditors' fees
To fire insurance
To Crown rent
15,000.00
To balance, to be appropriated as follows :-
To write off furniture and fixturos $15,000.00 To reserve fund .....
fo dividend of 10 per cent........... 60,000.00 To forward to new account
Carry
THE HONGKONG. WEEKLY PRESS AND
CAPITAL AND LIABILITIES.
⚫.
$
c.
610.30 2,840.50
Paid-up capital Equalization of dividend fund Les-Interim dividend at 2 per oont. paid on 2nd Sept., 1899
2,000,000.00
$300,900.00
40,000.00
15,000.00
Sundry creditors
129.28
1,700.00
1,093.88
470.87
À 88 ETE.
Property account, consisting of :-
[March 24, 1900. Company to act in London as attorneys for the Liquidators, a course which we shall ask the shareholders to confirm,
A General Meeting of the Shareholders will 260,000.00 be held at the office of Mr..G A. Derrick, 2,242,691.10 Gresham House, Battery Road, Singapore, on Thursday, the 29th day of Marob, 1900), at noon. $4,502,691.10
G. A. DERRICK,
EDWARD W. S. MORREN,
Liquidators.
BALANCE SHEET AI AT 30TH SEPTEMBER, 1899.
Bast Point Rednery
Bowrington Refinery
Swatow Refinery
1,494,187.84
Dr.
285.83
Hongkong Distillery
To capital
90,285.33
Site at Soo-kun-poo...
To unclaimed dividends
Cash
610.42
To sundry creditora
$0.
600,000.00
867.50
5,437.42
112,185.11
Raw and refined sugar, 4o.
Spirits and rum, &o.
Cr.
$
Charcoal, coal, stores, &o.
per cent...
$36,000.00
eerve fund
15,000.00
To written off furni-
ture and fixtures
account
15,000.00
To set aside for re-
By balance from 30th June, 1899 $91,448.85
Less dividend of 6
Less transfer to re-
Sundry debtors
1,547,984.67 7,447.93 266,681,87 77,469.36
To mortgage of London premises
Cr.
Shipments.......
.$2,275,549.51
Lesa advances
1,205,249.43
By cash on current account with Bank
Balance of profit and loss account
1,070,800.18 $8,099.03
By cash in bands of cashier
150,000.00
8730,304.92
3 C. 12,567.09
228.55.
By fixed deposits with Banks, Singapore
20,000.00
By freehold premises, Singapore
70,000.00
By furniture and stock
7,081.26
$4,502,691.10
By sundry debtors
3,573.21
By branch cash balances.
77,126.82
PROPERTY ACCOUNT.
pairs and renewals 10,000.00
To balance at debit on 31st
By agency cash balances
82,703.82
76,000.00
By fixed deposits with Bank", Australia
5,150.00
15,448.85
December, 1898 Less written off last year.
. $1,560,427.37
75,000.00
By Metropolitan board of works debentures, do 34,826.00
By rents of shops and offices, new
building
By freehold office premises, London
300,000.00
2,840.00
To new machinery, &c.
1,485,427 37 8,730.27
By balance of profit and loss ao-
By rents of shops and offices, old
Court
$267,801.81
building
Less balance of workin; account 74,730.84
0,060.00
$1,494,157.04
193,071.17
8,900.00
By interest on 550 Hongkong Hotel Company's
debentures held by the
Company
($275,000.00 at 3 per cent.)
By balance at dato
$ 1,494,167.64
8766,304.92
8,250.00
By dividends on shares.
WORKING ACCOUNT.
C.
344.40
By,rofit on sale old steam launch
2,000.00
By bad debts recovered
$1,494,157.64 ¦ To premium account
Loss reinsurance
$502,667.01
8.75
By profit on Hotal working account for six
months ending 3 ist December, 1899
77,183.11
PROFIT ARD Loss AccuuxT. Dr.
Return premia
$:37,010.97 14,931.57
0.
151,992.54
112,135.11
To commission To remuneration to Consulting Committee To auditors' fess
21,770.42 2,500.00
750.00
To interest account
REPAIRS AND RENEWALS ACCOUNT. Dr.
48,482.73
C.
To paymouts on account of re airs and re- newals during the balf year ending 31st December, 1899
$73,503.16
By head office charges..
By branch and agency charges
5,750.01
Cr.
"
By compensation to staff
350,674.47
$360,074.47
30,088.13 78,280.98 11,150.00
1.
C.
To balance
6,143.35
By balance of profit and loss account, carried
from last year
By agency commission
12,396.18
27,360.17
:11,393.36
By gain on working.
By balanco
8,043.97 88,099.03
By directors', „uditors' and committoo's foos By losses and claims account, 1899 ..... By balanco
4,362.60
139,666.04
74,730.64
Cr.
0
$73,603.15
$350,074.47
$11,893.36
166,822.20
8,094.69
51.01
267,501.80
8442,760.79
0.
245,715.01
$ By balance forward from 30th June, 1899 1,893.36 By amount rot aside from profit and loss account 10,000.00
CHINA SUGAR REFINING 40.,
LIMITED.
The following is the report for presentation to the shareholders at the twenty-second auunal general meeting, to be held at the offices of the General Agents, at 3.00 p.m. on Thursday, 29th March, 1900.:—
The General Agents beg to submit to share- holders their report on the Company's business for the year 1899, with a statement of accounts to 31st of December last.
In consequence of the larger prodaction of sugar by the refineries in Japan, and of the in- ereasing importation of European Beet Sugar into that and the other consuming markets in the east, the course of business was unfavourable during the year, and the working shows a nott loss of $38,099.03, which sum the General Agents themselves pass to the credit of profit and loss account, thus starting the account without a de- bit on the 1st January.
After deduction of $40,000 paid as an interim dividend on the 2nd September last, the sum at oredit of equalization of dividend fund is $260,000, out of which it is recommended that a final dividend of $5 per share be-paid, making $7 for the year.
CONSULTING COMMITTEE.
Mr. Belilios having resigned his seat on the 15th ultimo, the consulting committee now OON. sists of Messra F. A. Gomes, A. Haupt, A. G. Wood, and DM. Moses, of whom Messrs. Haupt and-Wood do not offer themselves for re-election. AUDITORS.
The accounts have been audited by Mesara. Thomas Arno and Fullerton Henderson, who offer themselves for re-election.
JARDINE, MATHESON & Co., General A gents.
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THE STRAITS INSURANCE COM- PANY, LAMIVED, IN LIQUIDATION.
The following is the communication addressed to the shareholders of the Straits Insurance Company, Limited, in Liquidation :-
Gentlemen,-As Mr. E. W. S. Morren is about to proceed to Europe and vacates his office as one of the Liquidators of the company from the 31st instant, and it has become neces- sary for us to call a meeting of the shareholders of the company to elect another Liquidator in bis place, or to make other arrangements for carrying on the company's liquidation, we take the opportunity of placing before you statements of the liquidation accounts made up to 31st De- cember, 1899, which speak for themselves.
We may however state that the reason for so large a sum appearing under “branch cash ba- lances," is that the proceeds of the sale of Sin- gapore and Loudou office premises are included therein, the money having been collected in London just before the close of the year.
Since the 31st December, investments have been made as follows:-
In London £7,00). In Singapore, $13,500. It is too early yet to estimate what return of Capital it is probable Shareholders will receive, but we can venture to say that there appears to be no likelihood of a call being necessary.
All London, Continental and Australasiau time risks and Sailer risks homeward from Australia have been reinsured, and the Hull risks in the Far East have either been reinsured | or have run off.
PROFIT AND Loss ACCOUNT.
To balance of working account at 31st Decem-
bor, 1898
To interest and rent............ To transfer foes
To balanco
By balance of profit and loss account at 31st
December, 1-93
By losses and claims account 1897 and pro-
vious years
By losses and claims account, 1898 By reinsurance and return promis account,
1898 By property charges By excha ge
37,954,04 1:3,159.27
33,401.67
1.345.03
1,003.81
$442,769.79
BALANCE SHEET as at 31st December, 1899. Dr. To capital
To unclaimed dividends To sundry creditors
Cr..
By cash on current account with Bank By fixed deposits with Banks, Singapore. By furniture and stock By sundry debtors Ly branch cash balances By agency cash balances
By balance of liquidation account
To balance of working account at 30th Sep-
tember, 1899
LIQU DATION Account,
To premia
****
To inter eat and rent....................·* .............................. To property charges. To transfer fee ....... To profit on sale of property and investments
The appointment of Mr. A. 8. Murray, as Liquidator in London for a period of five months from 1st October, 1899, expired on the 28th February last, and for carrying on the Company's Liquidation here we have made | To batanos arrangements on favorable terms with the South British Fire and Marine Insurance
$ 0. 000,000.00
842.50 5,142.10
*605,984.60
* C.
2,441.65
23,000.00
6,892.01
2
537.70 193,704.69 82,984.91 310,023.64
2605,934.60
0.
74,730.64 24,563.77
6,851.63
16.00
138.91
8,377.54 350.023.66
$461,307.08
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