4
282
THE HONGKONG WKEELY PRESS AND
1004
Cr.
The Court of Arbitration has been constituted · as follows:-Umpire: Sir Michael Edward By balance at oredit at 31st December, Hicks-Beach,
M.P., P.C. Arbitrators: Sir Edward Boyle, Bart., K.C, James Charles Inglis, Esq.And is expected to commence its sittings during the month of October.
During the half-year the following changes on the Board have taken place, Mr. A. von Rossing, retired, and Mr. A. G. Faber was elected a director in his place; Mr. J. R. Nicholson, Mr. P. Haffter and Mr. D. K. Somerville resigned, and their seats have not been filled.
W. P. WADDELL. BALANCE SHEET.
30th June, 1905.
CAPITAL AND LIABILITIES.
CAPITAL.
Total amount received from shareholders.$3,700,000.00 Number of shares issued ..$37,000 Number of shares unissued......... 8,000
Total number of shares..........
Amount received per share
Debentures series “A duc
.$15,000
$100
LIABILITIES.
10th October, 1905.
Debentures series
B
10th October, 1906
Debentures series "C" due
10th April, 1908
$ 140,500 " due
175,000
250,000
.1,050,000
Debentures series D" duo
30th June, 1909
General reserve fund being surplus pro.
1615,650,00
fits invested in the company's business 2.100,000.00
Loans at call and for short terms Inte est on debentures and loan*, due
30th June, 1905
Directors' fes..
Contributory payments (Clause 107). Sundry creditors
Balance as per profit and loss account
PROPERTY and AssɛTS. PROPERTY,
Freehold and leasehold land.
Dooks, wharves, godowns, coal sheds, buildings, machine shops, foundries, electric house and plant, &c.
Land at Sandy Point
21,629.52
By balance brought down By earnings for half-year........................................、 By charges accrued at 30th June and
sundry receipts By rents...
[October 21, 1905.
DES VOEUX ROAD FIRE INQUIRY.
946,645.52
$ 946,645.52
The inquiry concerning the recent fire in the 206 615.52 Cheong Lee furniture store in Des Voeux Boad 836,253,42 was resumed on the 6th October before Mr. F. A. Hazeland, Mr. Looker again appearing 42,514.47 on behalf of the Insurance Companies and Mr. R. A. Harding on behalf of the master of the business.
32,720.60
$1,118,134,01
THE P. AND 0.*COMPANY'S NEW
FLEET.
!
As competition in the shipping trade grows keener shipping companies find it necessary to have larger and more up-to-date vessels to meet the growing demand. In this respect the Peninsular and Oriental Steamship Company do not intend being left behind, and their old boats are gradually being withdrawn from this ruu and replaced by larger and better craft. The last of the old fleet visiting this port w.ll be the 8.8, Chasan, which calls at Hongkong on the 30th December. Then, with the New Year, an entirely new fleet of P. and O.
steamers will
plough eastern waters. The first of the new arrivals was the s.s. Arcadia, of 6,603 tons register, which made fast alongside the Kowloon wharves yesterday 151,235.48 morning. For some years this vessel has been on the Australian run, but after a complete 11:250.00 refitting, it has been decided that her ports of call shall in future be eastern. The Oceana, a sister ship, is also to be put on this run, and in 891,675.02 all probability, also the Victoria and Britannia at a later date. Besides the Arcadia and $8,754,034.74
Oceana, four newly built ships the Delhi, Delta Dongola, and Devalho, all 8,000 tonners, will be added to the P. and O. Company's eastern fleet, the first of which is expected to arrive here
31, 47.02 2 5,397.70
$2,104,555.39
3,319,467.16 26,817.26
MOVABLE PROPERTY.
Working plant, boiler and masting sheers.
saw mills, to.
Railway and railway plant
Stam tugs Sunda, Mercury, Bangkok,
and tug No. 12...
210,808.36 176,782.67
69,174,54
Steam launches, &c. ..............................................................................
Steam dredger......................
Lighters
Steel lighters for lightorage..................................................
Steel barges..............
Steel hopper barges
Boats and launches in stock and in course
of construction
Engines and boilers in course of con.
strnction
Goods to arrive in transit.
Premia of fire insurance belonging to
next half-year Expropriation expenses, expenditure to
date .......A.
Sundry debtors
Deposit paid account of Telok Blangalı
land purchase ....ì Singapore Slipway and Engineering Com.
pany, Limited. 924 shares
Cash in hands of London agency ..................... Cash in hands of Lond a agency account of expropriation expenses......................... Chartered Bank of India, Australia and
China, Singapore Hongkong and Shanghai Banking Cor-
poration, Singapore
77.949.17
41,211.27
sometime in December.
THE LOSS OF THE "CANTABRIA.
OVER SIXTY PEOPLE DROWNED INCLUDING SIX AMERICANS,
904030.00 The Philippine coasting steamer Cantabria 120,053.20 which was lost in the recent typhoon with all on
11,280,61
board (over sixty people encluding six Ameri- 52,533.67 caus) was formerly owned by Messrs. Douglas, 105,801.99 Lapraik and Company, and known as the For
mosa. The Cablenews mentions that she was 23,444.01 sold about three years ago to Mr. Francisco Reyes for the sum of $30,000 and later purchased 886,880.10 by her present owners, Messrs. Urrtica and fu,0:9.24 Company, for the sum of P140,000. She was insured for the sum of P100,000 with the 19.152.11 Union Insurance Company, the Northern Marine Insurance Company, the China Traders' 29,533.11 789,808.01 and the Canton Insurance Company. Her cargo, which was valued at P80,00', was also 25,000.00 insured, so that the company does not anticipate
very great loss.
42,000.00
227,236,15
Cheng Shan Ping, accountant, examined by Mr. Harding, stated that he examined the books of the firm in the interests of the Insurance Company on 11th September and furnished his report on the 16th ult.
You have stated in your evidence that the book. books did not show any dates P➡In the stock
Did you still state there were no dates in the arrival book ?-There are dates,
Did you say there were no dates in the delivery book P-There were.
In what book are there no dates?-The stock book.
The stock book for last Chinese Year P-I don't know.
Will you refer to it !-It is dated this year. the premises you referred to the stock book ?— In arriving at your estimate of the goods on
Yes.
+
And then did you add to the stock book the purobases that had been made?—I arrived at my figures according to the stock book.
the goods purchased this year?-The stock book In arriving at your estimate did you consider showed goods to the value of $48,000 and the arrival book $21,000 odd.
And the sale book ?-$21,300 odd. They would balance ?—Yes.
In that sale book you have not deducted a profit P--No.
Those sale prices include not only the sale price but the profit to the firm ?-Yės.
You know the profit in this business is some. times 40 per o~nt ?—No.
What do you think it is ?—I don't know.
If you take 33 per cent, as the profit off those prio's you have given, there would be say $7,000, additional worth of goods on the premises?—Yes. On that calolation there would be only $15,000 worth of goods sold instead of 321,000,
Yes.
སྶ་
If you added that $7,000 on to your estimate it would make the value of the goods $55,000 P
-Yes.
The books do not give an exact description of each article?—No.
By the Bench-He accepted the Cheong Lee's estimate for blackwood furniture.
In making your inquiries at other firms you simply mentioned the description in the Cheong
Lee's stock book?—Yes.
Sanitary Inspector Wooley said he visited 29 and 31 Des Voeux Road ou 1st September. He visited the shop before that og August 26th. He went on the ground floors, first and second floors of both houses. He visited the premises in connection with the plague. He only went to the second floor of No. 31. The reason why he did not go to 29 was that it seemed in differ. ent occupation. He made a thorough inspection of the premises. On the two first floors there was not a large amount of furniture.
There was plenty of space to put a lot more furniture The actual furniture consisted of Vienna chairs, about 12 dozen. He did not see any He did not see anything particular in the way of finished work there. Apart from finished work, he saw a lot of packing stuff, stuff used for packing chairs and sofas. The place had a rough and ready appearance.
She was a vessel of 221 feet in length, 32 22,866.42 feet beam, had a draft of 12.5 feet and was built by W. Richardson and Company of Newcastle in 1885, and has triple expansion engines and 246,685.90 has a gross tonnage of 1097 tons. She was employed as an inter-island transport by the 12,007.50 Quartermasters Department. She was com.
manded by a Spaniard, Captain Bernadino blackwood there. $8,754,037.44
Madariaga, and her officers and crew all told numbered. 51. She also bad on board 18 passengers and every soul is reported lost. The names of the American passengers are given as Mr. and Mrs. August 0. Sorensen, Murray Hendry, H. G. Lane, J. C. Smith John W. Griffin.
PROFIT AND LOSS ACCOUNT. For the half-year ending 30th June, 1905.
Dr.
To dividend of $20 per share for the half-
year ended 31st December, 1904 ......$ 740,000,00 To balance carried forward..
To general charges, stationery, printing,
svertising and administration expenses To quite rents and assessment To interest on debentures, loans, &c. To fire insurance on buildings stooks, &c. To directors' fees
KARONA LASERSKO
To London committee's fees To contributory payment (Clause 107). To bad debts
To balance
206,645.52
$946,645.52
24,593.95 49,949.64
Can you form any idea of the value of the goods on both floors ?—There might have been $1,000 worth.
..
Evidence has been given that there were $20,000 worth? Do you think that was pos- sible ?-I should say it was impossible.
You went to the second floor of 31 ?—Yes. What was it used as ?---Partly as a furniture room and partly as a sleeping place.
Mr. Hendry, was a consulting engineer of the firm of Castle Brothers, Wolf and Sons. He was formerly the chief engineer of the 88,641.27 ganboat Napindan during the days of insur
rection and later went to China and returned 18,631.40 again to Manila about three years ago. Since 11,250.00 that time he had been in the employ of the 4,787.31 firm. He is described as one of the best-known 29.882.58 and most popular engineers in the Philippines 4722.81 and the China coast. He was on his way to
Cross-examined by Mr. Harding → He did not 891,675,02
Legaspi, Albay, to make a public exhibition go there to look at the furniture, but to see that $1.118,134.01 of the new hemp-stripping machines which the lime washing regulations had been carried the firm has recently acquired patents for.] out. There were a lot of goods on the gronud
Sanitary Inspector Reidis gave corroborative evidence.
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