Page
116
To dividend adjustment account :-
Difference in exchange between 4/6, the rate at which the dividend and bonus are declared, and 2/-9-16, the rate of the day...
To transfer to silver reserve fund
To balance forward to next half-year
Cr.
By Balance of undivided
profits, Juce 30th,...,$1,702,728.85 ·
By Amount of net profits for
the six months ending December 81st, 1905, after making pro... vision for bad and doubtful debta, deduc-
1,171,840.55
ASSETS.
THE HONGKỎNG WEEKLY PRESS AND
Green Island, Macao :— ·
[February 19, 1906.
Buildings and machinery as
per last statement
→
Since expended
*
1,000,000.00 1,699,777.40
Less depreciation............
$ 0. 298,000,1-0 74,829.37
372,829.37 22,229.37
Shanghai, 2nd February, 1906.
PROFIT AND LOSS ACCOUNT. Dr.
Tls.
To interest
10,484.67
To less rentals of Chinese
house
...
2,453.02
$4,864,395.72
8,091,65
35,600.00
Cement, raw material, stores, &c., in
To repairs and renewals
8,384.92
stock valued at
171,025.13
To agency commission
635
4500.00
Hok Un, Hongkong :—
Land, buildings and machis
To directors' and auditor's fees... To balance
2,250.00
...173,685.25
bery, as per last statement 1,086,000.00
Since expended...
465,551.88
Total....
Cr.
..
W
ting all expenses and
Less depreciation
1,551,551.88 93,651.88
...196,851,85
TIGE
By balance 1904 ...
*
41,80,86
interest paid and due$3,101,666.87
$4,864,895.72
Cement, raw material. stores, &c., in
stock valued at
-1,458,000.00
603,279.97
By less depreciation as passed
last meeting
+
...84,039.86-
Deep Water Bay works :-
$4,864,395.72
Land, buildings and machi-
By transfer fees
10,000.00 69.78
81EELING RESERVE FUND. To Balance... By Balance June 30th, 1905
$10,000,000.00
nary as per last statement 108,000,00 Since expended
By balance of spinning account 1905.....186,792,07:
47,996.40
10,000,000.00
(invested in sterling securities.)
Less depreciation.
155,946,40 9,356,4)
Total BALANCE SHEET. Liabilities.
...106,851.85
:
Tis.
$10,000,000.00
To Balance
SILVER RESERVE FUND.
By Balance June 80th, 1905... By Transfer from profit and loss account 1,000,000.00
$9,500,000,00 8,500,000.00
Brioks, pipes, &c., in stock
valued at
146,610.00 Capital; 8,000 shares of which are
On consignment
40.332,10 1,090.00
issued 7,158.
144
Overdraft at bankers
...715,800.00 ..155,589,87
1,429. 0
Loan against cotton
录像
444
Cement on consignment valued
Sundry creditors...
83,000.00- 10,680.80
$9,500,000.00
at
8.241.00
Office furnituro as per last
statement
Balance of profit and loss account...173,685,20**
600.00 30.00
Tls....1,138,556.01 E
470.00
À 8SETS. :
Tis
261 671,87 2,167.88
Buildlogs
.196,318.57
Less depreciation
3,8 0.00
70,000,00
192,513.57
21,575.75
Additions during year, new
godowns
5,880.05
91,575.75
-198,398.62
7,675.75
Machinery
86,900.60 8,776.98
$3,129,401.93 | Property Chinese houses.
Less depreciation
***
Less depreciation
...626,008.61 ..156,008.81
470,000,00
F
104
52,405.76 12,495.76
40,000.00
J,175.33
41,175,33.
ments
Less depreciation
Farniture
82,889.86
་་་
17,889.86
15,000.00
GREEN ISLAND CEMENT CO., LD.
The report for presentation, to the share- holders at the seventeenth ordinary general meeting on February 24th, reads:-Annexed we have the pleasure to lay before shareholders a statement of accounts for the year ending December 31st, 1905.
The net profit, including the amount brought forward from the previous year, amounts to $437,219.87, which it is proposed to deal with as follows, viz. :—
To place to reserve fund
44
...$ 10,000.00 300,000.00
To pay a dividend of 20 per cent. To pay a bonus dividend of 5 per cent. To carry forward to the credit of
next year's account
1
***
Less depreciation........... Sundry debtors
Value of premia on unexpired policies... Stand launch, steam lighter,
lighters, junk, &o,, as per last statement Since expended........
Less depreciation..
Cash on hand
75,000.00 THE LAOU KUN, MOW COTTON
* SPINNING AND WEAVING 52,219.87 The demand for cement was constant through-
CO., LTD. out the whole year and the factory' was kept working at high pressure without iutermission. In this respect the new Rotary Kilns which are now beginning to work will afford a much needed relief.
CONSULTING COMMITTEE.
The Hon. W. J. Gresson having left the Colony, the Hon. C. W. Dickson was invited to take his place on the consulting committee. In accordance with the articles of association, Sir Paul Chater, C.M.G., the Hon. C. W. Dick-
Son, and Dr. J. W. Noble retire, but, being eligible, offer themselves for re-election.
AUDITORB,
The accounts have been audited by Messrs. T. Arnold and W. H. Potts, who are recom mended for re-election.
SHEWAN TOMES & Co. General Managers. Hongkong, February 9th, 1906.
PROFIT AND LOSS.
Statement of accounts for the year 1905.
Interest
Exchange
Auditors' fees
Consulting committee's fee
$
c.
26,089.62
31.83 600.00 1,500.00
Amount written off as depreciation for 1905 132,843.40 Balancé
Balance brought forward from 1904
Profit on sale of 546 new shares............... Balance from working account
437,219.87
$598,284.12
C.
95,054.82 4,895.30
Sales of cement
$492,157.70
Sales of bricks, pipes, &o.
0%
6,676.30
Capital:
Reserve fund
BALANCE SHEET. LIABILITIES.
150,000 shares at $10 fully paid up
Sundry creditors
Company's bankers ;. 442964 ÅRN 222 000 294 06 Balance of profit and loss acocunt
498,834.00 $508,28412
C.
The report for presentation at the twelfth ordinary meeting of the Company on February 29th is as follows:-
*
The directors submit their report, together with the accounts of the Company, for the twelve months ending 31st December, 1905.
In accordance with the resolution passed at the last general meeting, the sum of Tls. 34,039.86 has been written off to depreciation account.
and loss account of Tls. 173,685.28, including This year's working shows a credit at profit Tls, 10,000 brought forward from 1904, which the directors recommend be dealt with as follows:-
To pay dividend of Tls. 8 per share
on 7,159 shares
To Depreciation of Mill Buildings To Depreciation of Reservoir and
Land Improvements
Tls.
57,264.00 20,393,62
Additions during year
Reservoir and land improve.
...
业务哥
Less depreciation
Additions during year Stock ---
Yard... Cotton and waste Coal... Stores
Unexpired fire insurance
3,488.03.
1,616.57
1,871 46
115,29
1,988.75
..207,217.16 ...181,841.42
1,337.00 18,549,35
-408,944,99
Tls,
3,055:88
...1,138,556.01
E. & O. E. Shanghai. February 2nd, 1906.
5,000.00 50,001.00 J. Y. YOUNG, Auditors.
486.75 A. Korff,
To Depreciation of Machinery To Depreciation of Furniture To 10 per cent Commission on Tls.
97.804.91, being Tis. 173,685 28, less Tls. 75,880.37 proposed for depre- ciation, to the General Managers in accordance with their agreement 9,780.49 To be carried forward to the New
Account
DIRECTORS,
30,760.42 Tls. 173,685.28
Mr. C. Michelau resigned the Board on leaving. Shanghai and Mr. A. Korff was asked to join the Directors; his election will require the con- firmation of the shareholders.
Mr. A. Korff and Mr. Chung Liang-yu retire in rotation as required by the articles of association, but offer themselves for re-election.
AUDITOR.
1,530,000.00
900,000.00 Mr. G. R. Wingrove again offers himself for
42,133.26 re-election as the Company's auditor. 250,048.80
J. M. YOUNG, 437,219.87
A. KOEFF
Directors. $3,129,401.93
ILBERT & Co., General Managers,
******
ILBERT & Co. General Managers"
Mossre. Benjamin, Kelly & Potts have received from Shanghai the following tele grams:--The Shanghai Land. Investment Co... Ltd., has declared a final dividend of Tla., 3, making Tls. 6 per share for 1905. The Shang- hai Pulp and Paper Co., Ltd., has declared a final dividend of Tls, 8, making Tla. 14 per share... for 1905.
The report of the Japan Beer Brewery Co., Ld. ("Kirin"), for 1905, shows a divisible balance of Y128,702, the paid-up capital of the Company being Y450,000. It may be noted that the beer tax paid for the year amounted to Y183,228. The directors propose to pay a dividend of 20 per cent., put Y30,000 to reserve, bringing that fund up to Y200,000, and carrys forward the balance, Y8,702. The demand for Kirin beer is so great that the company has had ♬ to make, and still has to make, grest extensions, di to its property and plant. Its total assets on - December 31st last were 11,087,354.
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