+
July 11, 1904.]
THE HONGKONG ELECTRIC CO., 1
LIMITED.
The report of the board of directors to the fifteenth ordinary yearly meeting of share- holders, to be held at the company's offices. No. 4. Queen's Buildings, at 12.30 p.m.. 011 Saturday, 16th July, 1904, is as follows:-
Gentlemen,-Your directors have the plea- sure to submit the accompanying statement of the company's accounts for the year ending 30th April, 1904. The balance at credit of profit and loss account is $93,969.77; after deducting directors' fees (3,000) there remains the sum of $90,969.77 available for appropria- tion, and your directors recommend that this be disposed of as follows:- To pay a dividend of 10
Say $1.00 per share on
per cent.:-
30,000 fully paid shares $30.000.00 Say 50 cents per share ou
30,000 part paid shares 15.000.00
To write off plant account for depre-
ciation
To carry forward to next account
-$45,000.00
44.222.11 1,747.66
$90,969.77
CHINA OVERLAND TRADE REPORT.
Dr.
WORKING ACCOUNT.
To agency and office expenses8
To rent and taxes
To insurance To interest
To auditors' fees.. To bad debts...
0.
$ 8,000.00 5,345.78 3,043.06
200.00
To amonnt carried to profit and loss account 90,516.77 $106,162.05
$ c.
Cr.
By net profit on working By scrip and transfer fees
PROFIT AND LOSS ACCOUNT. Dr. To amount available for appropriation
Cr.
By amount of undivided profit, as per lust
account
$
29
in his curious little book Epitome of the Ancient History of Japan, I have read with genuine pleasure, as it awakened many far-back memories.
were more
202.94 The small paper-bound Epitome, printed in the office of the Rising Sun newspaper, at produced on the subject. About 1878. he 853.52 Nagasaki, was not the only book that McLeod
published an Album, containing some fifty or sixty copper-plate pictures, illustrating various Jewish ethnological qualities of the "des- 106,130.05 cendants of Jinmu Tenno, and many of the 32.00 domestic customs and utensils, common to the early Jews and the ancient Japanese, $106,162,05
or less accurately depicted. There were, also, a few
in- pages of c.troductory matter, in which & deal of interesting comparative folk-lore, of the two peoples, was spread out in McLeod's quaint and rambling fashion. The book was bound in flexible green cloth, stitched through from cover to cover, outside, after the manner of Japanese book-binding; it was for sale on the counter of Kelly and Walsh, in Yokohama, but McLeod was principally his own salesman; and I believe that the Album was first issued to subscribers. The engraving of the plates was the work of a Japanese artist, who had become deeply engrosa- ed in the subject of the Jewish origin of his countrymen, and he was devoted to MoLeod and his theory.
| By balance of working account brought
down
93,969.77
$93,969.77
C.
3,453.00
90,516.77
$93,969.77
INDO-CHINA STEAM NAVIGATION COMPANY.
The manager reports that the number of lamps. fans and motors connected to the company's supply service on the 1st June was equivalent to upwards of 27,500 lamps of 8 candle power. the Company and 12 electric lifts are being 85 are lamps are maintained by operated by the power service. During the year 2 additional boilers have been laid down at the company's works, where provision has also been made for the erection during the summer of an additional 250 K. W. Steam Alternator. It has been found necessary to lay a duplicate cable, as far as the junction of Castle and Robinson Roads, for the lighting service in the fortunate inscaping any serious casualty and relating to the social and domestic life of the
upper parts of the City, and this work will shortly be completed.
The report for the year 1903 states that the keen competition experienced throughout the
circumstances, such as the strained condition affected the earnings of the fleet; and other year has, as in the prceding year, adversely
amongst the Chinese community, have tended of political affairs and extreme financial pressure to restrict business and to limit the movement low, resulting in a smaller revenue than for of merchandise. Freights consequently ruled
reporting that again the company has been some years. The board have satisfaction in
A
that the underwriting account has resulted in a substantial gain. With a view to limiting the risk, chiefly upon the larger steamers, corer has been provided. by which, in the erent of a total loss, the clairos apon The board have therefore felt justified io trans- the account would be materially renuoed. ferring £65,29! to the revenue of the year, lear- ing the underwriting account with a credit balance of £205,000. After making due provision for depreciation on the fleet (£60,953) and for
I was well acquainted with McLeod, in Japan, some twenty-seven years ago, and had consider-
subject of the Jewish descent of the Japanese, I still possess a few of his letters, mostly written able intercourse and correspondence with him.
with red ink. He was an enthusiast on the
and had travelled far and wide over the Rising Sun-land, pencil and note book in hand, making rough drawings and memoranda of everything that suggested any connection with the subject of his theory; and, at the time I knew him, he had amassed a great amount of curious information,
ancient Japanese, about which he could talk work of twelve volumes, in which he promised a interestingly for hours. But that contemplated
"detailed account of the origin of the Japanese. with a description of their Jewish belongings," was never published; and he would not listen to my suggestion, of the compression and systema- tising of his accumulated material, for publica-
DIRECTORS.-Mr. G. H. Medhurst and Hon. C. W. Dickson having resigned their seats on their departure from the Colony, Messrs. E, S. Whealler and W. J. Gresson were invited to fill the vacancies on the board and these appoint. ments require confirmation. In accordance with the articles of association, Hon. Sir C. P. Chater Kt., C.M.G., and Mr. W. J. Gresson retire, but, being eligible, offer themselves for re-election.
AUDITORS.-The Accounts have been audited interest, general charges, and income tax, the say, was a Scot, with his broad speech only
by the Hon. Gershom Stewart and C. W. May. who offer themselves for re-election.
The accounts are as follows :—
STATEMENT OF ACCOUNTS To 30th April, 1904.
Capital:
LIABILITIES.
30 shares each $10 paid up $300,000,00 30,000 shares each $5 paid up 150,000.00
Dividends unclaimed .........
ASSETS.
Cost of plant, as per last account
Less amount provided for depreciation
$
C.
450,000.00
4, 184.00
349,222.11
revenue account, with the transfer above referred to, shows a balance of £30,647, from which the dilectors recommend a dividend of 5 per cent., tax free, which will absorb £24.794 and leave a balance of £5,853 to be carried forward. The hostilities between Japan and Russia and the general feeling of uncertainty in Northern China have had the effect of restricting trade in the early months of the present year, but the position has subsequently improved.
CORRESPONDENCE.
THE BOTANIC GARDENS.
P
Sundry creditors
6,225.31
-Suspense account...
1,757.29
Balance of profit and loss account...
93,969,77
$556,436.37
$ 334,741.11 34,741.11
C.
TO THE EDITUR OF THE
64
Cost of plant, since added
$300,000.00 19,222.11
Property, cost of land and build.
ings as per last account.....
Cost of buildings since added
82,211.97 275.00
Stock of installation material...
Stock of stores and coal
stock of tools, &c. .
Cost of furniture, as per last ac-
count
573.00
Less amount provided for depre-
ciation...
473.00
$100.00
Cost of furniture since added
202.85
Insurance, value of unexpired portions of
policies
Sundry debtors
Cash with agents
ST
DAILY PRESS."
Kowloon, 1st July, 1904. SIR-Your correspondent "Trampus" re- marks that "there are some, even Britishers, who. so far from objecting to the presence of Brother John, consider that he often adds greater interest to the scene." I think that a far larger 82,486.97
number find him much more interesting when 72,074,71 unseen. 12,733.77
Surely Trampus" can find innumerable 1,039.00 opportunities for improving his colloquial Chi- nese without resorting to the gardens?
302.85
1,300.00 17,623.83 9,607.97
Cash with Hongkong and Shanghai Bank 10,045 16
$556,436.37
Why not, then, allow those who do not. love the Celestial tongue to have on outdoor resort where they may be free from it-Yours truly,
BEACHCOMBER.
NORMAN MCLEOD AND THE JEWISH ORIGIN OF THE JAPANESE.
TO THE EDITOR OF THE "DAILY PRESS.'
19
SIB-Your interesting editorial of Thursday, June 30th. regarding the Hebraic origin of the Japanese, as propounded by Norman McLeod,
tion in one volume. His ambition was to throw
the great work of old Kaempfer into the shade
McLeod, as his name implies, and as you
partially tamed; he was then, I think, nearing the half century mark in life; wore a full less temperament was clearly manifested in his heavy red-brown beard and his nervous, rest- features and manner. I cannot recall that he was a missionary; certainly he was not attached to any mission while I knew him, except the one of his own peculiar making; and I have an idea that he had served in the British army, either in India or Australia. I have an im- pression that he was married to a Japanese lady; but in this I may be mistaken.
I became acquainted with McLeod through the late John Reddie Black, a journalist of ability, who had passed several years in Aus- tralia and India, at one time the editor of the old Shanghai Courier, the author of a work entitled Young Japan, and a remarkable figure in the foreign community of Japan, upwards of thirty years ago.-Yours faithfully,
THOMAS GIBBONS.
U.S.S. Helena,
Canton, 2nd July, 1904.
THE WATER SUPPLY.
TO THE EDITOR OF THE "DAILY PRESS.'
Hongkong, 4th July, 1904. SIR,Now that Pokfulum and Wong-nei- cheong Reservoirs are overflowing with water and Tytam fast filling up, as the fruit of the generous rains of last week, can you tell me why we are still condemned to go on short commons of this first necessary Never in the history of the colony have we been kept on a reduced supply of water for so long a period, and though I was cheerfully acquiescent in the action of the Water Authority in limiting the out-turn until the recent rains, I certainly think he might now safely concede a full supply. If, for some
1
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