0.
35,192.40
116
PROFIT AND LOSS ACCOUNT. 30th June, 1901,
Dr.
To amount paid for repairs to steamers Të directors' and auditors' fees
The balance to be appropriated, vis. :---
Dividend at 10 per cent. on
$1,200,000
To be written off book value
of steamers and launches
***
$ 120,000.00
C.
50,000.00
To be carried to equalisation
of dividend fund
50,000.00
To be carried to new account 51,596.62
31st Dec., 1900.
Cr.
By amount brought forward from last ac
count
30th June, 1901.
By net earnings of steamers
By interest on investments
By transfer fees
271,596.62
$310,039.02
THE HONGKONG-WEEKLY PRESS AND
Report of the Estate Manager:-
Johore, Singapore, 20th June, 1901. The following is my report on the property 3,250.00 for the twelve months ending 30th April :-
Gambier. The price of gambier has been high during the past twelve months, and gave us a good profit on the amount we were able to put on the market; but, as I mentioned in my report last year, the yield of our plantations has greatly fallen off owing to the age of the plants, and therefore we did not make any considerable amount of money from our sales.
Mount Austin.-1 am glad to say I found the place looking extremely well, both the coffee and rubber trees having grown fast. The earliest planted coffee trees gave a few piculs 51,580.55 of crop in January and we shall get a good deal more in during the next two months. The 211,136.82 trees really have quite a good crop on them for 47,210.15 their age, and it should come in freely at the end of this year and beginning of next. The price of coffee, however, I regret to say, $310,039.02 continues very low, and though on all sides the opinion seems to be that it must begin to rise again before long, yet at present there is no indication, of its doing so.
$
4.
111.50
DEPRECIATION AND INSURANCE FUND. 30th June, 1901.
$ o. 600,000.00
To balance
C.
600,000,00
Rubber. Both the paras and rambongs have also grown well, and are as large for their age as could be expected, many of them measuring fourteen inches and more in girth at three feet from the ground; but, of course, as they are only a little more than three years 150,000.00 planted it is much too soon to think of getting
EQUALISATION OF DIVIDEnd fund,
8
8
C.
C.
30,000.00
Dr.
31st Dec., 1900.
Cr.
By amount at credit
30th June, 1901.
Dr.
To balance
31st Dec., 1900.
Cr.
By amount at credit
3 th June, 1901.
By amount brought forward from profit and loss account for half-year ending 31st December, 1900
59,000.00
70,000.00
$150,000.00
E. & O. E.
T. ARNOLD, Secretary.
Hongkong, 27th July, 1901.
By amount transferred from investment
fluctuation account...
TEBRAU PLANTING COMPANY, LIMITED.
A meeting of shareholders of the above Company was held on the 30th ult. at the Company's offices, Nos. 38 and 40, Queen's Road Central. There was present:-Mr. H. Humphreys (chairman), and Messrs. J. A. Jupp, W. D. Sutton, Lam Chun Pak, J. M. Wong, and W. C. Taylor (secretary).
After reading the notice convening the meeting, the CHAIRMAN addressed the share- holders as follows:-Centlemen,-The report and statement of accounts having been in your hands for some days, I propose, with your consent, to follow the usual course and take them as read. I have very little to add to the report of the estate manager, which you have nq doubt read, and nothing, I regret to say, of a reassuring or hopeful nature. A long letter has just come to hand from Mr. Larken which requires your consideration, but discussion bearing on it hardly comes within the scope of this meeting, I propose to hold an informal private meeting as soon as you have passed the accounts. You will notice that we have again not drawn any fees for general management. If there are any questions, I shall be glad to answer them.
any rubber from them. I shall continue to plant rubbers all over the plantation, for though they take longer than coffee to give any return they will eventually prove a source of great profit if prices continue anywhere near their present level.
M. LARKEN.
The following are the accounts:-
BALANCE SHEET For the year ending 30th April, 1901. Dr.
3 Capital account:
LIABILITIES.
10,585 fully paid up shares at 8 c.
$5
52,825.00
8,325 fully paid up
shares at $5
$41,625
Less unpaid calls on
500 shares at $1=500
41,125.00
Suspense account :---
Calla paid on 1,110 shares forfeited Bills payable......
Cr.
ASSETS.
Property account :-
Purchase price of old Com-
pany's property Gambier plantations since ac-
quired
C+
August 3, 1901.
PROFIT AND LOSS ACCOUNT. ‹
1st May, 1900.
To amount brought forward..
30th April, 1901.
To Hongkong office charges and auditor's
fees
To telegrams.......... To salarios.... To exchange
30th April, 1901. By interest
Hy profit on Gambier Crop No. 4 By balpnos
305.20
160.05
8.20
300.00
51.01
$824.52
188.40
284.96
144
851.05
$824.52
JOHN D. HUMPHRETS & SON, General Managers.
UNITED ASBESTOS ORIENTAL AGENCY, LTD.
The fifth ordinary annual meeting of share- holders in the above company was held on the 29th ult. at the offices of Mesars, Dodwell & Co., the General Managers. There were pre. sent, Mr. G. H. Medhurst (chairman), Messrs. E. H. Hinds, E. J. Libeaud and E. G. Barrett, (secretary).
After the reading of the notice convening the meeting by the Secretary, the CHAIRMAN addressed the shareholders as follows:--
Gentlemen,-The report and accounts have been before you some little time, and with your permission I will take them as read. During the year under review the Company's business has considerably increased, with results which I trust are satisfactory to the shareholders. --I would mention that our agreement with the Home Company has been extended to cover the Philippine Islands, and we are of opinion that a good field is open there for asbestos goods, and arrangements are in progress for placing our goods on that market. Your General Managers recommend writing $2,000 off the book value of the launch Gladiator, writing down the value of furniture and fittings to the nominal amount of $150, and of placing $3,000 to the reserve and bringing it up to $5,000. The stock of material on hand, valued at $16,247.81, has been verified by Mr. Brewitt, and we are satisfied as to the quality and suitability for the 4,575.00
675.00 requirements of the trade. Before moving the adoption of the report and accounts, I shall be $99,200.00 pleased to answer any questions the share.
holders may desire to ask.
93,950.00
8
Ca
50,000.00
3,261.00
'Mount Austin" Coffee Plantation Crop
No. 1 Rubber plantation Buildings Tools
Cash in Hongkong & 8'hai Bank $5,371.08 Cash in hand
Cash with Estate Manager... L'ash with General Managers
8.13 65 26 400.00
as any Profit and loss account-Balance at dobit
There being no questions, the CHAIRMAN proposed that the report and accounts as presented be adopted.
Mr. LAM CHUN PAK seconded the proposi tign, and it was carried nem. con.
The CHAIRMAN-That is all the business before the meeting.
The following is the report
Gentlemen, We beg to lay before you our balance-sheet for the year ending 30th April last. We also annex the report of our Estate Manager, Mr. Larken,
The accounts have been audited in Singapore by Mr. Thomson, and in Hongkong" by Mr. W. Hutton Potts.
JOHN D. HUMPHREYS & SON, General Managers. Hongkong, 18th July, 1901.
|
WORKING ACCOUNT. Gambier Crop No. 4.
To Millbura Gambier Factory account
30th April, 1901. To Gambier plantations upkeep
--
To proportion of estate manager's salary
for one year To balance-Profit
30th April, 1901.
By sale of Gambier from Millburn............
WORKING ACCOUNT.
1st May, 1900. Coffee Crop No. 1. To balance brought forward
|
30th April, 1901.
To wages
To cartage and charges
To proportion of estate manager's salary
for one year
80th April,
By proceeds of coffee sold By balance carried forward
TOO SOO SHe'ssaana nOWANA
C.
53,261.00
34,357.81 3.980.90
1,186.54 218.23
There being no questions the CHAIRMAN moved that the reports and accounts as read be adopted.
Seconded by Mr. HINUS and carried nem. con. CHAIRMAN—The next business is the election of an Auditor. Gentlemen, I move that Mr. W. Hatton Potts be re-elected as Auditor of this Company.
Seconded by Mr. HINDS and carried nem. con. Chairman-Gentlemen, this concludes the business of the meeting. I thank you for your attendance.
5,844.47 | HONGKONG RIFLE ASSOCIATION.
851.05
$99,200,00
SHORT RANGE CUP.
This competition which was started in Febru- ary, and continued intermittently since, was brought to a closs on the 27th ult., when Q. M. 8. 1,758.86
Wallace, B.E., by taking first place for the third 144.77
time, became the winner. Undernoted are the 300,00❘ best scores :== 284.98
200 500 600 Handi. To- yds, yds. yds. cap. tal.
$2,488.11 | #Q.-M. 8. Wallace R.E. 28 82 83
8 0.
*Č. A. Ormsby
27 30 31
2,488.11
D. “ Black ⚫J. Pidgeon
***
...
28 32
100
31 32 26 32 31
10
***
28 29
10
T. Skinner ... 0. J. Marshall.......
26,823.78. Bherwin...
5,036.06 396.47
2,500.00
J. Monsop
***
***
29 83 23
• Winners of spoons.
£3888-7868
Mr. W.Pescook, who was well-known to resid- 834,096 31 ants in Macao and to many in Hongkong, left Singapore for Penang at short notics on the 22nd o. | ult. to join the Chinese Protectorate there, Mr. 328.50 Peacock's place in the B.C.C. football team, Day's .84,337.81
the Singapore papers, will be hard to fill, for he $34,688.31/ was one of the best men the Club had.
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