T
March 30, 1901.
PUNJOM MINING CO., LIMITED.
ī
The following is the report for presentation to the shareholders at the fourth ordinary general meeting to be held at the office of the Company, No. 14, Des Voeux Road Central Hongkong, on Saturday, the 6th April, at
noon:---
The directors have now to submit the state- ment of accounts and report of the working of the Company for the year ended 31st December,
1900.
The work of constructing the new dam is steadily progressing and it is expected that water will be available therefrom by June next. The dam would have been completed before this had not the embankment been partially washed away by a heavy flood in December last.
The machinery and plant at the mines have been overhauled and put in repair, new mortar boxes provided, and the bed logs renewed.
The two shafts which have been sunk by Mr. Hughes, one at South Jalis to a depth of 100 feet, and the other at Mill Gully to a depth of 130 feet, are shortly to be opened out.
Prospecting has been carried on as extensively as possible with the staff at our disposal, and a rich specimen of stone has been brought in from Swah showing gold at all points, and every effort is now being made to find the reef.
It is believed that this part of the Company's concession will open up well in the near future. The new manager, Mr.Thomas Lester, bas arrived at the mines, and, after a tour of inspection, advises that more miners be engaged for the purpose of prospecting; and as this advice accords with the views of the directors, they have wired to the Agents of the Com- pany at Charters Towers to send two miners immediately.
|
CHINA OVERLAND TRADE REPORT.
Main shaft
Main and Klidah dams
Buildings
Roads and bridges. ...... Bullock carts and live stock Furniture at mines............
Stores on hand
Firewood and timber on hand. Cash at mines Merchandise loaned
971
c. they are satisfactorily leased. The directors 10,000.00 have considered it expedient to repurchase the 8,000.00 Band portion of this estate, finding that it 9,046.87 can be utilised profitably in connection with the
957.72 rest of the property,
15,744.01
............................ 1,915,35 19,987.05
Concentrates on hand and in transit. Hongkong and Shanghai Bank, Singapore New dam...
Accounts receivable
Advances to employees.... Cash on hand and at bankers Head office furniture.... Balance of working account
WORKING · ACCOUNT. To 31st December, 1900.
Dr.
To balance from last account To operations at mines To maintenance of blacksmith's shop To/royalties on gold
To prospecting
To Panggong office expenses To general expenses at mines To firewood and timber To concentrates
To salaries, wages and head office charges To insurance.. To exchange account To telegram account
fees... agency
Το
To directors' and auditor's fees
ESTATES NOS. 8 and 9. ...
There is nothing new to report regarding 2,264.82 these estates, the time having not yet arrived when development might be taken successfully in hand.
3,820.00 167.88 16,410,40 19,473.81
The other estates do not call for any com-
NEW ESTATE. N
69.32 ment. 1,702.38 1,119.76 21,034.46 A property on Broadway, in the Northern 467.43 district, known on the old plan of Hongkew as 145,853.66 Cadastral Lot 1,165, was purchased by the directora in January at a price which they $507,619.92
consider moderate, and they hope within a year or two to build on it to advantage. This estate will be known in future as "Broadway Estate c. | No. 10."
72,363.56 39,7 5.06
DIRECTORS.
283.84 On Mr. Kinnesr's departure for England, 648.63 Mr. Wood was invited to take his place on the 5,156.28 Board. Mr. Kinnear returned at the beginning 1,776.73 of the year, and, on Mr. Wood's departure 18,891,24
shortly after, he was asked to resume his 2,000,00 seat. Mr. Young retires by rotation, but offers 5.849.61 himself for re-election.
9,685,68
412.98
་
761.26
231.95
2,460.00
2,650.00
$157,496.82
Cr.
$ 5,389,52
0.
5,438.42
673.42
87.90
435.84
118.06
145,353,66
$157,496.82
By proceeds of gold winnings.. By concentrates produced- By interest By transfer feea By sundry revenue ............. By fines By balance
Inasmuch as during the past year, in the absence of water power, little crushing of ore has been done, consequently the returns from. winnings of gold have been small, while the cost of the new dam, repairs to machinery, wages, etc., have had to be paid; and, as more funds will be required for the contemplated developments, your directors advised an in- SHANGHAI LAND INVESTMENT
crease of capital, which, they are pleased to say, was agreed to by the shareholders; and they now hope that with the new manager and increased capital, the result will be satisfactory
to all concerned.
Mr. B. C. Wilcox accepted an invitation to join the Board of Directors, and Mr. J. H. Lewis has resigned his seat on the Board, owing to his departure for Europe,
In accordance with the Articles of Associa tion Messrs. D. Gillies, Thomas Howard, and W. Kerfoot Hughes retire from the Board, but being eligible offer themselves for re-elec- tion
The accounts have been audited by Mr. Fullerton Henderson, and the Board recom- mends him for re-election.
R. CHATTERTON WILCOX,
Chairman.
Hongkong, 21st March, 1901.
BALANCE SHEET.
31st December, 1900.
CAPITAL AND LIABILITIES.
$
C.
Authorised capital-
30,000,00
510,000.00
€0,000 ordinary shares at $8 $480,000.00 30,000 preference shares at $1
53,945 ordinary shares at $3 8431,560.00
Paid-up capital-
5,558 ordinary shares at $7
88,906.00
147 ordinary shares at $5
(forfeited)
735.00
850 ordinary shares (unal-
lotted)
60,000
$0,000 preference shares at $1 80,001,00
Accounts payable
Deposits by employees
Pekan agency
Mines, suspense account
Unclaimed dividends..
PROPERTY AND ASSETS:
Cost of estate
Machinery, plant, and equipment
Cyanide plant Development of concession
CO., LIMITED.
The following is the revised report of direc- tors presented at the twelfth annual meeting of shareholders, held at Shanghai, on the 13th inst. :-
In presenting their twelfth annual report and a statement of the Company's accounts for the year 1900, the directors congratulate the shareholders on the satisfactory results attained, considering the trying times that the settlement passed through during the last summer.
The working account for the year shows a credit balance of Taels 162,818.33 as compared with Taels 153,283 06 last year.
After deducting the amount of the interim dividend paid in July, there remains a sum of Taels 101,386.03 at the credit of profit and loss account, and it is proposed by the directors to appropriate this sum as follows:- To pay a final dividend of 6 per cent.
on the capital (making 12 cent. Taels
per for the year)
... 84,500.00 To transfer to reserve fund (being in- terest on undeveloped estates Nos. 8 and 9) To carry forward to new account
DESENTURES,
6 974.82 9,911.21
The issue of Tls. 250,000, referred to in last report, has now been completed.
CAPITAL.
{
Owing to the increasing operations of the Company, the directors think the time has arrived when a larger capital is required. They intend to propose at a special meeting, for the approval of shareholders, that Tls. 650,000, in shares of Tls. 50 fully paid, be issued, and that these 13,000 shares be offered to shareholders 501,201.00 at par in the ratio of one share for every two
8,445 80 held in the Company,
1,333.67 115.22 -86.46 1,497.77
AUDITOR.
Mr. Wingrove retires, but will serve again, if re-elected.
CHWONG HOONG ESTATE 10..2, The houses nearing completion when the last report was issued have been completed and have all found tenants at satisfactory rentals. It is $517,019.92 | proposed to erect two more houses, and subject to tenders for building, tenants have been secured.
-157,964.39
JINKEE ESTATE NO. 6.
E. JENNER Hoga,
Chairman.
SUPREME COURT.
Friday, 22nd March.
CRIMINAL SESSIONS.
BEFORE HIS HONOUR SIR JOHN Carring- TON, C.M.G. (Chief Justice).
THE WANCHẢI MURDER ́CASE.
A widow named Wong Po, residing at 143, Queen's Road East, Wanchai, was charged with the wilful murder of a man named Kwong Cheung, of the same address, formerly messenger in connection with the Supreme Court, on the 5th February.
.57,182.04 12,320.27
The development of this estate continues. 8,118.26 So far, and as fast as buildings are completed
The prisoner, for whom Mr. E. H. Sharp appeared, pleaded not guilty.
The following composed the jury:-Messrs. P. A. Cox, John Galbraith, Wan Ki Mei, George Hunter, F. A. C. Hahn, George Pat ton, and Gustave Meyer.
The hearing of the case for the prosecution was resumed.
George Hogarth, an inspector in the employ of the Sanitary Board, said he remembered going to the house 143, Queen's Road East, st about 10.45 on the morning of the 5th February. He went in because he saw a crowd of Chinese in front of the house and saw the prisoner on the verandah and heard her shouting out "Save life!" and "Injure" in Chinese. He understood Chinese. He went upstairs, and on the landingTM of the first floor found a Chinaman (whom he identified as U Yeung) knocking at the door and calling on the person inside to open it. He gave way to witness, who called upon the person inside to open to door. He spoke in Chinese. The door was opened from the inside by the prisoner. He entered the room and the prisoner informed him that gir thieves had entered the house and besten her and stolen money. She then said they had killed her man, and when he Where," she pointed to the second asked
He went into the cubicle, enbicle.
back pulling
the mosquito and
Chinaman laid on ourtain bed. He took hold of his right arm his pulse and found that he was dead. The body was lying slantways keross the bed with the legs hanging over, and was partly on the left side but more inclined to the back. The body was warm, but there was nothing to indicate to him how long the man dead. The prisoner said to him':
Official police, take care of me." After this thè deceased's wife came in and had a qua the prisoner. The old woman said had prevented her husband from going to
on
BBW
the felt
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