98
THE SHANGHAI PULP AND PAPER CO., LD.
The report of the directors for presenta- tion at the Annual Meeting of Shareholders to be held on Monday, the 27th of February, at Shanghai. reads:
The Diretors have now to submit for the information of the Shareholders, the Aunual statem. nt of Accounts of the ompany for the year ending December 31st 1904.
The Profit and Loss Account, including the balanc« Tls. 2,288,56, brought forward from last year shows a credit balance of Tls. 93,560.03.
During July an interim dividend of 6 per cent was declared, which has been paid.
New additions and repairs during the year 1904 amounting to Tls. 6,091.84 have been written off as well as Tls. 2,500.00 for depreciation; besides setting aside Tls. 15,000.00 for Reserve, From the balance, Tls. 42,968.19, to the credit of Profit and Loss, the Directors propose to pay a final dividend of 8 per cent, carrying forward Tls. 6,968.19 to New Account.
The Plant continues to b: kept in perfect order.
The Mil has worked most satisfactorily for the year, showing an increase of Profit of Tls. 31,562.37 over the previous year.
Directors-Mr. Ch. R. Wehrung, leaving for home, retired from the Board.
Auditor:-The Accounts have been audited by Mr. Geo. D. Scott, who offers himself for re-election.
..
PROFIT AND LOSS ACCOUNT.
For the Year ending 31st December, 1904
Dr.
Interim Dividend paid
Plant Repairs
Depreciation of Plant
Reserve
Balance
Cr.
Balance from 1903
Less Bonos
Profit for 1904
Mill Plant
Straw Mill Plant
Mill Dwellings
Accounts Receivable
Russo-Chinese Bank Mill Stores
ASSETS.
Pulp Stock in Drainers
Steam Launch
Unexpired Fire Insurance... Furniture and Fixtures
Tls.
27.000.00 6.091.8+
2,500 00 15,000,00 42,968.19
Tls 93,560.03
Tis.
T18.
3,288.56 1,000.00 2288.56 91,271.47
LIABILITIES.
Capital Stock (4,500 Shares)
Reserve Account
Accounts Payable
T
Balance Profit and Loss Account
|
THE HONGKONG WEEKLY PRESS AND
HONGKONG BENEVOLENT
SOCIETY.
ANNUAL MRETING.
[February 11, 1905.
several years.
Details of the other 14 casea assisted during 1904 will be found on another pige of the Report. Attention may be called to the fact that the Society has dealt with over At 1,000 cases since its establishment in 1899. the suggestion of the Society the Hongkong Government has written to the Commonwealth of Australia giving particulars of several cases in which the Australian wives of Chinese have been deserted, or otherwise ill treated by their
on Hoare, husbands return to China asking the Australian Government to warn young women against such marriages, as the husband has too
The annual meeting of this Society was held in the City Hall on Feb. 7th. There were present: Sir H. 8. Berkeley (Chairman), Hon. Mr. F. H. May, Hon. Mr. Gershom Stewart, His Lordship.
Rev, J.
the Rt.
Dr. Atkinson, Rev. J. H. France, Hon. Mr. E. H. Sharp and Messrs E. A. Hewett, H. H.
J. Gompertz. G. Piercey, A Milroy, W. H. T. Davis, G. Playfair. F. B. L. Bowley, H. J. Gedge, W. B. Dizon, J. Hastings, C. D. Melbourne and Mesdames May, Siebs, Gompertz, At inson. Badeley. Swan. Hickling. Hoare, Peter, Gershom Stewart Hastings, Sharp, Ram, Gedge and Lady Berkeley.
ANNUAL REPORT.
Sir. S. BERKELEY: Ladies and Gentle men-we are met here this afternoon to con- stitute the fifteenth annual meeting of this most valuable Society, known as the Benevolent Society of Hongkong. The report has been drawn up by the Lady Secretary which I
will now read:-
The Ladies of the Committee of the Hong- kong Benevolent Society have much pleasure in submitting their annual report and statement of accounts, and in doing so desire to thank all those who have assisted them in carrying on the work of the Society. During the year 17 cases were brought under the consideration of the Committee and assistance was given in 14 cises. Over 60 other cases received relief through the Rev. J. H. France who gives in- valuable assistance to the Society by investigat- ing cases on its behalf and helping them when deserving Employment was found in the Colony for some of the applicants and passages paid for others to vaaious places where they had friends or promise of employment. It is plea sint to be able to record that in several cases grateful letters have been subsequently received from some of these persons Monthly allow ances have been made in some cases to poor and
case milk an deserving people and in one medical comforts have been furnished to a deserving invalid. During the first 9 mouths of the year the Society was paying for Tls the maintenance and education of ten orphan children at a cost of $141.50 a month. As the 26,472.70 income from subscriptions a month was only low vary about $50 the Society's funds became 19,655.53 15,737.52 and it became necessary on May 31st to encroach 54,634,58 upon our Fixed Deposit. to curtail the sum at Mr. Francis' disposal from $25 a month to $15 and to issue an urgent appeal for more sub- scribers. The Autumn, two of our orphans obtained employment in the Colony as nurse maids and, as a result of our appeal to the public a few more monthly subscriptions were obtained. Otherwise we should have had to draw out all our Fixed Deposit and should have been in debt at the end of the year. As it is, writing at the ...450,000.00 end of January we have had, during the month, 25,000.00 to draw out our remaining $500 on Fixed 29,673.62 Deposit to meet current expenses. 42,968.19
Tls. 547,641.81
Tls. 93.560.03
.384,422.79
56.782.81 4,366.84 1,500.00 2,257.70 1,811.34 Tls. 547,641.81
Tis.
E. & O. E. Shanghai 18th January, 1905.
Č. E. Roach, Managing Director,
G. Racino, Paul Brunst, Chu Pao-san,
Directors.
At present we spend on our 8 orphans per month $101.50, and allow to Mr. France (a month) $15, and to meet this, we have only 81 regular subsoribers which brings in an account of 881 a month. This obliges us to go into debt if we are to help any outside cases. The Committee therefore take this opportunity of a further urgent appeal for more regular subscribers of $12 a year. With regard to the support of our orphans 4 of one family have been maintained at the Diocesan School for girls by the Society since 1901. Two of these left in Autumn and have obtained situations. We have partially supported an- other child at the same school since 1901. Since 1899 we have entirely supported another orphan first at Miss Johnstone's and afterward at the Diocesan School. The girl is now 16 and we may reasonably hope that she will be able to obtain some situation at the end
often already contracted ties in his own country. During the year Mr. Turner, Mis Hunter and Lady Goodman left the Colony and their places on the Committee were taken by Mrs. Master Mrs. Peter and Mrs. Bade'y. In Septem- ber. Mrs Master resigned and her place was filled by Mrs. Gershom Stewart. Since Lady Goodman's departur and resignation of the Chair, which was much regretted by all the Committee, M:8. May has kindly and most ably presided and Mrs. Atkinson has acted as Vice-President Lady Goodman had been connected with the Society for many years and
Committee and
The Rev. J.
had acted as President for three years. Mrs. Bidie resigned her place on the Committee at our last meeting as she is leaving the Clony and Mrs. Robert-on has consented to take her place. Mrs. Bridie was a most active and energetic member of the will be very greatly missed. France returned to the Colony at the begin- ning of the year. and resumed his old place on the Reference Committee relieving the Rev. T. Wright who had kindly acted for him while he was away. The following ladies retire in rota- tion from the Committee: Mrs. astings, Mrs. Hicking, Mrs. Siebs. Of these only the latter twoffer themselves for re-election, as the Hon. Treasurer is leaving the Colony for a short time.
The CHAIRMAN then read a number of cases in which help bad been administered by the Society, after which he continued: I must compliment the members of the committee upon the work they have done during last year. They have been very assiduou-, and have done From the all that could expected of them. report it appears that this society has an ex- tremely small list of subscribers. It is quite astonishing to find that in a large and wealthy community like-Hongkong the members of its Benevolent Society stop at 81, I cannot un- derstand it, but think it can only mean that the fact of the existence of this society and the good work it does has been lost sight of. I call attention to the limited number of members in the hope and expectation that possibly if the particulars get made public it will draw larger numbers. The subscription is very small, only $12 a year, and it is absolute- ly necessary if the society is to have any power of doing good, that the numbers of those who subscribe should be very materially increased. I hope, when the meeting gathers together again at the close of the current year, that the report will show a very large number of sub- scribers. It seems to me that the only reason why the work which has been done is not greater than it is, is the lack of money at the disposal of the Society.
Mr. HEWETT: In moving the adoption of the report and accounts, I can hardly say I but very have much pleasure in doing so, earnestly endorse all Sir Henry Berkeley's remarks with regard to the pressing need for a larger number of subscribers to the society in Hongkong. It seems incredible, when we come to think of it, that in a large wealthy place like Hongkong there are only 81 sub- Owing to the strong north-westerly gule on
scribers to the Benevolent Society. Probably January 26th several steamers at Woosung
this is on account of the annual subscription of dragged their anchors, and there were two
$12, which is a large sum to a number I presume rather nasty collisions. The British steamer
of Europeans in Hongkong I am right in supposing, and put ing Jeseric (3,114 tons), from New York, was in collision with the N.-D. L. 8. Bayern, and
it on record, that the society would be very sustained some very bad dents on the starboard
glad to receive donations, however small. side, some of which caused slight leaks. She
from those who are unable to subscribe $12. such a proposal were agreed to, it would also lost an anchor and about sixty fathoms of cable. The Bayern escaped with broken of this year (1905). Since the beginning of considerably increase the funds of the society. anchor. About the same time, reports our 1902 we have supported two girls at the Italian Another matter I would like to refer to Convent. We have partially supported a boy is the question of marriages between Shanghai contemporary, the British steamer
We white women and Chinamen. I am sorry to Powderham got loose and fouled the Chinese at St. Joseph's College since 1902. cruiser Haichi. Graxing along the cruiser's partially support another orphan at Miss sav that in many cases these marriages are port side she caused several small damages, and | Johnstone's school. Except the girl of 16 followed by destitution and great distress. It herself had her bulwark plates broken in several | before mentioned all these children are young | is incumbent on us, living as we de in China,
and are likely to be
hands for to lose no opportunity to discourage white places.
од our
If
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