*220
By value of land at West Point (39,062)
square feet at 34) as per last account $156,250.00 By value of buildings at West Point as
par last account...
106,893.88
By value of sheer legs as per last account By value of machinery, furniture
and plant as per last ao-
3,000.00
607.50 932.13 709.87
72,830.81 $3,130,983.81
C.
THE HONGKONG WEEKLY PRESS AND
| March 24, 1902.
In accordance with the special resolutions CHINA SUGAR REFINING CO., LD. passed on 28th December, 1901, the capital of the Company was raised to $1,500,000, but as very little of the additional capital has been subscribed by shareholders, the profits of the year have all been absorbed in the purchase of the new boats, and there are, therefore, no funds available for the payment of a dividend.
The 8.8. Zafiro commenced running on the line on 30th November, 1901, and h s given great
satisfaction.
CONSULTING COMMITTEE.
Mr. D. Gillies having resigned, Mr. J. 8. Van Buren was appointed in his place, but does not offer himself for re-election this year, In accordance with the Articles of Association, Messrs. N. A. Siebs and H. P. White retire, but offer themselves for re-election. The managers also recommend the election of Messrs. D. E. Brown and G. H. Medhurst as additional mem- bers of the Consulting Committee.
count.......
$25,000.00
Since expended on new ma-
ohnery
29,889.05
$54,889.05
Less written of
4,889.05
50,000.90
By sundry debtora...
102,846.90
By Hongkong Bank (unclaimed dividends)
By cash on hand
By value of coal on hand
By value of timber, iron and stores on hand
Dr.
WORKING ACCOUNT.
To wages of permanent staff
To Crown rant
To taxes.
212,903.92 11,786.02 15,425.41
To charges (office and telephone rent, sta-
tionery and printing, collecting com- mission, sundries, &c.)
23,023.16
To legal expenses
To fire insurance
To claims on cargo.
1,639.00 5,594.62 2,854.42
To expenses of launches
To expenses on cargo & coal, coolie hire, &c. 271,793.41
13,742.28
To expenses of lighters
8,702.04
To balance to profit and loss account
242,759.02
$809,823.30
Cr.
$ C.
Consulting committee's fees.
809,823.30
Auditors' fees..
Interest
$809,823.80
Charges
By wharfage, storing, &c.
PROFIT AND LOSS ACCOUNT.
To balance appropriated as follows:--
AUDITOR 8.
Mr. F. Henderson retires on leaving for home, and Mr. W. H. Potts is recommended for election in his place. Mr. T. Arnold offers himself for re-election.
SHEWAN TOMES & Co.,
General Managers.
Hongkong, 14th March, 1902.
The accounts are as follows:-
PROFIT AND LOSS ACCOUNT.
Amount written off as depreciation. Balance...
G.
The following is the report for presentation to the shareholders at the twenty-fourth annual general meeting, to be held at the offices of the general agents, at noon on Thursday, 27th March:-
The general agents beg to submit to share- holders their report on the company's business for the year 1901, with a statement of accounts to 31st December last,
The refineries were well employed during the greater part of the year, but the importations of beet-root sugar into the Eastern markets referred to in the last report continued to inter- fere with the prices realised for the Company's products.
1
The sum at credit of profit and loss account is $258,500.17, out of which, $100,000 was paid as an interim dividend of $5 per share on the 24th of August last the balance $158,500.17, the general agents and consulting committee recommend should be dealt with as follows, viz. :-- A final dividend of $7, per share
(making $12 for the year)......$140,000.00 Carry forward to next account...
CONSULTING COMMITTEE.
18,500.17
$158,500.17
The present members are Hon. C. P. Chater, C.M.G., Messrs. D. M. Moses, C. S. Sharp and R. C. Wilcox, who offer themselves for re-elec. 4,000.00 tion; Mr. D. Gillies has resigned his seat on 400.00 his approaching departure from the Colony. 8,755.32 2,818.18 99.463.95
AUDITORS,
The accounts have been audited by Messrs. 115,594.47 Thos. Arnold and Fullerton Henderson. Mr.
Thos. Arnold offers himself for re-election.
JARDINE, MAThèsen & Co.. General Agenta.
Hongkong, 19th March, 1902.
$231,031.92
67,845-26 162,524.40
149.50
The accounts are as follows
$231,031.92
Dr.
C..
To interest
55,785.47
To interim dividend
74 300.00
Directors' and auditors' fees... $10,500.00
Final dividend
75,000,00
Transfer to depreciation and
Balance brought forward from 1900.. Profit on working of the company's strs. Profit on sale of 13 shares not applied for
repairs account
80,000.00
Amount written off :--
Launches
1,700,00
Lighters
8,874.60
Railways and rolling stock
5,661 83
Machinery, furniture & plant
4,889.05
Amount carried to new account] 12,402.74
Capital
BALANCE SHEET,
20,000 shares of $50 each
BALANCE-SHEET.
For one year to 31st December, 1901.
CAPITAL AND LIABILITIES.
LIABILITIES.
Paid-up capital
....
C.
Equalisation of dividend fund
Sundry creditors
C.
..2,000,000.00
160,000.00 4,792,189.03
· 149,028.22
fully paid up.
.1,000,000.00
Less call of $10 per share on 25
$279,113.69
shares unpaid
250,00
Balance of profit & loss account $258,500.17, Leas interim dividend of 5 per
cent, paid on 24th Aug, 1901 100,000.00
999,750.00
Cr.
By balance from last account
$ C.
Reserve fand
20,000.00
22,063.07 Underwriting account
21,235.63
158,500.17
$7,110,689.20
By transfer from working account, 1901 By premium on 314 shares at $25 each
By additional premium on shares taken up
after due date
242,759.02
Sundry creditors
36,675.44
7,850.00
6,058.10
Due to general managers Hongkong and S'hai Banking Corporation London loan, account new steamers
5,551.10
222,096.85
521,739.12
By unclaimed dividends
By transfer fees
164.50 Exchange adjustment account
49,689.45
219.00 Balance of profit and loss
115,594.47
ASSETS.
Property account, consisting of-
East Point Refinery
Bowrington Refinery
Swatow Refinery
$1,522.496.05
$279,113.69
Dr.
during 1901
DEPRECIATION AND REPAIR
To repairs, renewals and improvements
To balance
ACCOUNT.
ASSETS.
$1,994,332,06
0.
Hongkong Distillery.
Site of Sookunpoo
Cash
C.
37,442.46 57,725.74
$95,168.20
per last statement
Value of steamers Perla, Es- $ c.
meralda and Diamante as
Amount expended on steamers Rubi and Zafiro to the 31st December, 1901
Raw and refined sugar, &c...
Spirits and rum, &c...
460,000.00
1,411,123.30
Cr.
By balance from 1900
3 65,169.20
C.
Less depreciation for 1901.
$1,871,123.30 96,12 J.30
Charcoal, coal, stores, &c.
4,250.36 1,915,836.43 8,709.87 233,884.62
Sundry debtors
71,109.35.
Shipments
$3,993,654.23
Less advances...
639,251.71
-3,354,402,52
$7,110,689.20
By transfer from profit and loss account .. 30,000.00
-1,775,000.00
Value of buoys and moorings
$95,168.20
as per last statement
$500.00
PROPERTY ACCOUNT.
To balance of debit on 31st Dec., 1900...1,505,725.80 To new machinery, &c
Since expended. :.
3,792.12
RESERVE FUND.
Dr.
To balance
$ 250,000.00
$4,292.12
C.
Less depreciation for 1901
1,292.12
Cr.
Value of coal on hand
3,000.00 By balance at date
637.00
$ c. 250,0,00
Value of stores on hand.
Less depreciation
By balance from last account
CHINA & MANILA STEAMSHIP CO., LD.
The following is the report presented to the shareholders at the nineteenth ordinary general meeting, held at the office of the general managers on Saturday, 22nd inst., at 11 a.m. :-
Annexed we beg to submit to shareholders the usual annual statement of accounts for the year ending 31st December, 1901.
The net profit, including the balance brought forward; amounts to $115,594,47, which it is proposed to deal with as follows, vii. :---
To place to reserve fund To carry forward to next year's Ct. taodount
$5,000.00 110,594.47
Premium value of unexpired policies Sundry debtors
Outstanding freight 1901... Perla accident account. Esmeralda accident account Cash on hand
The French mail steamer Sydney sailed from Singapore on Sunday with M. Paal Doumer, Governor-General of Indo-China, and Vice. Admiral Pottier, retiring from the command of the French Asiatic squadron, on board. M. Doumer, though he has not definitely resigned. is not expected back. He leaves the affairs of the province in the hands of the Secretary General, M, Broni, with his residence at Hanoi.
To interim dividend of 5 per cent. paid on
24th August, 1901
To balance
By balance of proât and loss account car-
ried from last year. By gain on working..
$7,548.53
16,770.25
$1,522,496.05
$ ...1,522,496.05
$1,522,496.05
C.
2.043.53 }
5,500.00
55,658,97
49,458.24
To commission..
70,606 93
3,958.29
25,775.59
To interest
PROFIT AND LOSS ACCOUNT.
To remuneration to consulting committe To auditors' fees...
C.
36,179.10 2,500,00
750.00 89,359.83
2,737.04
$1,994,332.06
$128,788.93
100,000.00
$228,788,93
158,500.17
$387,289.10
11,800.16 375,488.94
7,289.10
+
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