CHINA OVERLAND TRADE REPORT,
0. | DEPRECIATION AND REPAIRS ACCOUNT.
Dr.
To repairs, renewals and improvementa
By balance from 1899
CHINA & MANILA STEAMSHIP CO., LIMITED.
The following is the report for presentation to the shareholders at the eighteenth ordinary $103,189.19 general meeting to be held at the oflos of the & general managers on Saturday, 23rd March, 68,183.19 19 1, at 12 o'clock noon.
0.
By transfer from profit and loss account... 35,000.00 Annexed we beg to submit to shareholders the usual annual statement of accounts for the year ending 31st December, 1900.
By transfer from profit and loss account
The net profit, including the balance from last c. year, amounts to $143.819.26, which it is propos- $250,000.00 ed to deal with as follows, vis :--
To place to reserve fund
$
c. To pay a dividend of 10 per cent $250,000.00 To carry forward to next year's
account ...
ROBINSON PIANO COMPANY, LIMITED.
March 18, 1901.]
Since expended on new-rails
&g.
81,496.85
during 1900.
63,806.4?
To balance.......
38,014.99
65,168.20
Less written off
8,306 42
55,000.00
By value of launches as per
last andount
31,625.00
Cr.
Since expanded on new launch
10,975.00
[1,600.00
Less written off
SUND
6,600.00
$103,183.19
35,000.00
By value of lighters as per last
RESERVE FUND.
account
81,015.88
Dr.
Since expended
on now
To balance
lighters
17,912.86
Cr.
99,828.74
Less value of 3 lighters
wrecked in typhoon of 10th November, 1900
1,512.35
98,316.39
Less written off
10,316.39
88,000.00
By value of land at West Point
(44,435 square feet at $4) sa
per last account
177,740 00
Less sold 5,372.6 square feet
at $4
21,400.00
By value of buildings at West Point as per last account By value of wharf at Weat
Point as per last account. Less written off
3,000.00
3,000.00
By value of sheer legs as per
last account
3,405.45
Less written off
405 45
8,000.00
By value of furniture and plant
as per last account
7,893.17
Since expended on new ma-
chinery
13,315.06
26,208.23
Less written off
1,208.23
By aundry debtors
25,000.00 100,104.31
By Hongkong Bank (unclaimed dividends) By cash on hand
By value of coal on hand
By Talue of timber, iron, and stores on
hand
WORKING ACCOUNT.
Dr.
To wages of permanent staff
To Crown land...
To taxes.
156,250.00 106,893.88
1,032,13
The following is the report presented to the shareholders at the first ordinary annual meeting, held at the Company's Office, No. 13, Queen's Road Central, on Wednesday after- noon, the 13th inst.:-
The General Manager has pleasure in sub- mitting report and balance sheet for the year
1900,
The gross profits have been $68,887.74 and the net profits after paying all charges $24,920.88, equal to about 15 per cent. on the capital of the Company. It is proposed: To pay a dividend of $5.50) per share, being at the rate of 11 per cent., absorbing...
To wipe off goodwill account To carry forward to reserve in new
account
$18,000,00 57,974.00
67,845.26
To keep up with the growing requirements of the line two first class boats have been con- tracted for and are now being built at home, and in the meantime the s.s. Perla, formerly Menmuir, was purchased in January 1900, and has proved to be a very satisfactory acquisition to the Company.
In accordance with special resolutions passed on 14th April, 1900, the capital of the Company was raised to $1,000,000,
CONSULTING. COMMITTEE.
1
Mr. Lewis retired, and Mr. H. P. White was elected in his place. Messrs. Gillies, Biebs, White and Shewan all retire, but offer them. selves for re-election.
AUDITORS. The accounts have been audited by Messrs. T. Arnold and Fullarton Henderson, who are $17,600.00 eligible for re-election...
1,995.71
SHEWAN, TOMES & Co., General Managers. 5,325.17 Hongkong, 9th March, 1901,
$24,920.88
The business of the year was interfered with 1,034,50 by the state of affairs in the North, and & very considerable number of sales on hire pur- 10,779 95 chase agreements were cancelled in Shanghai, and to a lesser extent in Hongkong, during 58,551.40
May to September. The result of the year's working may therefore be considered satisfac- $2,868,636.01
tory.
Stocks on hand in Hongkong, Shanghai and 163,236.93 Singapore are heavier than usual, due in great 10,728.51 part to large purchases by the General Mana 14,283.12
ger whilst in London, the Continent and Amer. ica, arriving towards the end of the year.
Sundry debtors are also heavier than usual, 22,338.10
1,300.51 but they have since been largely reduced, as 3,873.55 have also accounts payable. 11,570.83
To charges (office and telephone rent, stationery and printing, collecting com- mission, sundries, &c.
To legal expenses ................
To fire insurance
To claims on cargo... .......
To expenses on cargo and coal, coolie hire,
&c.
To expenses of launches
To expenses of lighters.
To balance to profit and loss account
Cr.
By wharfage, storing, &c.......
Some new men were sent out by the General Manager and arrived during latter half of the 282,596.35
10,136.57 year, so the Company has benefited from their
8,505.44 services for a few months only. 239,585.40
PROFIT AND LOSS ACCOUNT.
To interest
To interim dividend
Dr.
To value of 3 lighters lost in
typhoon ......
To less sale of wreckage
$
*
0.
45,636.31 50,000.00
PROFIT AND LOSS ACCOUNT For the year 1900, Donation to Indian Famine Fand
Consulting Committee's fees Auditors' fees ...................ḍÃ...ÅÒN SUÇ SUKKER JAKORLARE, Charges.. Interest.. Exchange
AVAN KUO SU TOT be que quake 40............
Amount written off sa depreciation Balance
500.00 4,000.00
400.00
1,825.48
5,410,08
453.68 54,963.83
.................... 143,819,28
$210,778.33
Balance brought forward from 1899 Profit on working of the steamers Esmer- Profit on stores
alda, Diamante, and Perlu
Amount transferred from bad and doubtful
debts
Ospital
BALANCE SHEET.
LIABILITIES.
0.
1,013,28
209,563,24 $195,06
1.75
$210,773,33
·91.00-
-579,881.00
· 2,000,00 € 11,755.63
16,000 shares at 850 fully paid up $300,000.00 13,987 shares at 20 fully paid up...279,740.00
13 shares at 7 fully paid up... Reserve fund. Underwriting account Sandry creditors ...... Due to general managers....... Hongkong and Shanghai Banking Corpora Unclaimed dividend
Balance of profit and loss
New machinery has arrived from America for our Piano Factory, which is now well equip- $768,593.31 | ped, and we are enabled to manufacture quicker, better and cheaper than heretofore, and the 768,593.31 benefit from which we are confident will mark the present year. The pianos of our own $763,593.81 manufacture continue to grow steadily in public favour and to earn the good opinion of experts and general users for their excellent all round good qualities. They compare more than favourably with first class imported makes, and we are able to sell them at $100 to $150 less. We have in our Piano Factory a growing and very
considerable source of profit. cellent, sales to date being much above average, and we have the best right to look forward to the current year's working with the most pleasant anticipations.
$1,512.35 :40.00
To balance appropriated as follows:---
Directors' and auditors' fees .. $10,500 00 Final dividend
Launches.................. every sister de
74,215.00
Transfer to depreciation and
repairs account
35,000.00
Transfer to reserve fund
A
250,000.00
Amount written off :—
6,600.00
Lighters
10,316.39
Kowloon wharves....
West Point wharf
Sheer legs
Furniture and plant.
Railways and rolling stook. 8,306.42
13,613.29
8,000.00
405.45
1,208.23
Amount carried to new account 22,063.07
Cr.
By balance from last account
By transfer from working account 1900-
By premium on 9,686 shares @ $25 each By unclaimed dividends...
By transfer fees
440
1
1,272.35
435,227.85
tion
t
25,067.30 8,982.48
552.50
109,651.38 149,819.28
$881,609,55
$511,323.40 ་ས
Prospects for the present year are most ex-Value of Company's fleet
ASSETS. Less depreciation for 1900.................... – 51,823.49 Instalments paid on new steamers.. Value of buoys and moorings at Less depreciation for 1900...............
Hongkong
The books have been audited by Mr. W. Hutton Potts.
W. G. VAUGHAN-Robinson,
General Manager.
Hongkong, 5th March, 1951.
The Peking correspondent of the N.-C. Daily News telegraphed on the 4th inst. that $532,186.51 Russia had withdrawn the seventh clause in the o.proposed agreement as to Manchuria, and that 50,160.61 China had appealed to the Powers regarding 239,585.49 this treaty a statement which we hope is true. 242,150.00 The correspondent also reports that Sir Robert
155.50
|
Value of coals on hand
Value of stores on hand.
460,000,00 668.82
3,540.43 3,010,
į
Premium value of unexpired policies Sundry debtors...
Outstanding freight 1899.
Outstanding freight 1900 Cash on band
We have received the first
85.00 Hart's request that the Customs be allowed to Revue de l'Extréma-Orient
reoccupy their premises in the Legation quarter | published in Shanghai: unde $532,136.51 has been refused.
M. Tillot.
15,811.37 58 309.95
1,639.26 25
94,107.30 6,652.689
1,609.85
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