February 4, 1907.3
The CHAIRMAN-Dividend warrants will be ready on application to-morrow morning! thank you for your attendance, gentleman.
THE WEST POINT BUILDING CÔ, LD.
•
The eighteenth ordinary meeting of share holders in the West Point Building Co., Ld.. was held at the Company's offices, Victoris Buildings, on January 28th. Sir Pank Chater presided, and there were also present Hon. Mr. W. J. Gresson and Messrs. A. J. Raymond and A. G. Wood (directors), Mr. A, Shelton Hooper (secretary), and Messrs. J. Orange. F. Maitland. F. Ellis, G. C. Moxon
H. Peroy Smith, A. Haupt, J. M. Graca, E. H.
Haskell and C. W. May.
The SECRETARY read the notice courouing the meeting after which
The CHAIRMAN said :—Gentlemen, With your permission we will take the report and secounts a read. The result of the year's working shows a net profit of 852 546.69 as against. $45.700.67, which enables us to pay a dividend of $4.10 as against 83 65 for the previous year. You will notice that on the credit sida of! profit and loss account rents received stand at 860,000, whereas in the 1905 account the amount under that beading was shown as 865,251,04, the reason being that the latter awount included rates which were payable to the Government and refunded by the tenant; hnt as the tenaut now pays rates direct to the Government and they do not appear in our books the net rent received is alone shown, and in consequence thereof they do not appear either on the debit side of this account. you will also notice. Crown rent Alana is being charged at $818 as against $9,069 04 shown in the 1905 account for Crown rent and rates. The cost of property this year is shown RB $2,968.01 in excess of last
year, being the cost of improving the water service requir. ed by the introduction of the rider main system demanded by the Government. The cost of the upkeep of the property is about $4,000 less than the previous year, which considering the de- structive typhoons experienced, your directors deem very satisfactory. If any shareholder wishes for further information, I shall be pleas. ed to answer any questions.
A
There were no questions, and the CHAIRMAN proposed the adoption of the report sud
Mr. HAUPT 8econded, and the motion was carried.
Mr. ORANGE moved the confirmation of the appointment of the Hon. Mr. W. J. Gresson to the Board of Directors.
The motion was seconded by Mr. Els and carried.
i
Hon. Mr. W. J. Gresson and Mr. A. J. Raymond were reelected to the Board of Directors on the notion of Mr. MAITLAN DA Beconded by Mr. HASKELL
Mr. MoxoN proposed, and Mr. GRAC seconded, the re-election of Mr. C. W. May as anditor.
CHINA OVERLANDTRADE REPORT.
Remuneration to general
managers on get profits...
Learing available for appropria-
tion
and
of eight percent on the pail up capital ba paid The directors recommend that a dividend
that the balance of $11,567.15 be carried to to shareholders, absorbing $124,000
a new profit and loss acconat.
DIRECTORS.
Mr
Mr. May now retires, but offers himself for re-election.
Balance of profit and loss gount
Poe, 31st, 1904). Ca-h
Cost of property Accounts receivable
7,027.58
14.055.16
T. F. HOUGH, Chairman.
BALANCE SHEET.
Dec 31, 19.6.
LIABILITIES.
$11,567,15
Paid-capital
$ C. 180,000.00
Accounts payable
304,11
Dividends outstanding
122.05
10.699.15
ASSETS.
$197,065.31 $ 13,018.03 182, 132.17 2,014,51
6.
$197.065.31
१
C. 771.20
1,035,20
535.48
786.00
1.200.59
X 300.00
50,00 15.600.00
1.089.15
18,639.15
Scott Harston was invited to fill the vacancy!
Mr. C. Ewens having resigual.
and accepted a seat on the Board. In acsard. ance with rule 7G of the Company's articles.
of Association. Mesars A. G. Wood, J
Van Buren, J. Scott Harston, H. A. W Slade and II» Tung refire; but, being eligible, offer themselves for re-election.
AUDIT RY,
W. H. Gaskell aul W. Hatton Potis, wha offer
The accounia hare bean audited by Messrs
HENRY HUMPHREYS,
Chairman. The Balance Sheet for 1906 reads -
themselves for re-election.
Canit 1 account
LIABILITIES.
150,000 «linre, at $19.00 each Insuranc· rearys fun
Fund fqualization of dividend Mortgages
Sundry creditor- Unclaimed dividend- Profit and loss account ·
Amount carried forward
from 195
For the year 12 så
PROFIT AND LOSS ACCOUNT,
Doc. Staf, 1:100. To charges To requir-
To fire insurance
To crown rent
To commission to agent
Dr.
To balance to be appropriated as follows,
Directors from
Auditor'« fone
Dividend of $2.50 per share To be carried to new profit
and love mount
X
C.
Jan let. 1904,
15960,00 212.700A
10000 A‹
50.2×1,69 3.217.19
8 50 70 62 14475163
145.622.31
82,094,821,75
ASSETS.
(.
1.4412 S3
77.903 44
Amonnt invested in property Amount invested in mortgage Accounts receivalde
Ottice furniture
Fire Insurance promis unexpired. Cash in Hongkong and Shanghai Bank
and on Hand
PROFIT AND LOSS ACCOUNT. Dec. 31st, 194
Dr.
To fire insurance pronia
To crown rent
To general charges
To allowance to general managers ti cover office rent and salucion of Fecretary and clerk -
To repairs (ordinarsi To repairs typhoone
To auditor fres To balance
Jan. 1st, 1902.
t©r
NBAKING 13,907468
By labaner carrio | forward fron 1907
By rent-...
By interest By transfer frotin
By profits on sales of properties
The Chairman-That is all the business, gentlemen. Dividend warrants will be ready KOWLOON LAND AND
to-morrow.
HUMPHREYS ESTATE AND FINANCE
COMPANY LIMITED.
Year
• The report of the directors, for the 1946, for presentation to the shareholders at the ordinary annual general meeting of the Company, to be held at Alexandra Buildings, at noon on Saturday, February 9th, reads :—
Gentlemen,- The directors DOW bag to submit to you their report and statement of soconuts for the year ending 31st December. 1906.
The net profit for that period
A mounts to To which has to be added the balance brought forward from last account
By undivided profits. 1965
Plat
By Rent
Hy internet
By scrip toes
Cr
ક
$20,987,62
0.
574.29
20.279.14 117.19
17.00
$20,087.6
CORRESPONDENCE.
INDIANS, PULL TOGETHER!
TO THE EDITOR OF THE DAILY PRESS,
SR. -India's heara'sius since last hundreds of years has been governing by the foreigners, 27 before being not any rule and regu'ation in the country to be governed but only sword was 1,612.80
thought for that purpose.
I must not forget
R 4.08.500
1724 63
2 971 98
17.64 453
115 62231
$184,940.09
4,070.32 04.18.22 12.7 0.11 26 co $1,216.14
$14291009
BUILDING
t writs that tha' period of administration was rather unbearable to the people. The chief cause of this sort of anarchy was disunion of Indians caused by caste question, and Mohama. den Emperors were defeated by English peoples. Entirely ander British crown, Indians have lost independency but notwithstanding not leaving their disunion. It is the quite natural to the foreigner to live lika s brother in the foreign country, but our indian brotheru sow seeds of the disunisa among themselves even in the fersign land toe. In India now a days educat- ed leaders ara to solve this, and by the grace this sort of dame old evil is being removed from to and fro In Hongkong not like the foreign brothern Indians try to discuss racial questions; for this reason one caste man cannot se another caste man ia progressing state for the present leaving aside the Indian Regiments haring jealousy there are mostly Sikhs and Mohammindens employed Sindi, Parsees, and Mohammedeos are the shopkaspars. There is no brotherhood. Sap. posing one Indian in say office, auother Indian on the same post would never leave any oppor. tunity on a less pay. For the example before 18 years ago oue Indian wa'ch man was offered $50 par mouth with lodging and ration free etc. bat now as th majority of illiterate Indians imported and racial question arosed they try to pecial grievance here cited, but too personal for publication] Thinking him my country man, he questioned me about my religon. I simply told him that there is no religon to be questioned in foreign land; the roligon fi-ld is for the uneducated p-ople but here we all are Indinn and hence our raligon is universal. I am sorry to say the same clerk next day circulated about me to be a christan. What could I do bat langh; had I been in India I would have draged him into court. Thir disunion is due to their illitracy. If educated man come down to this land he can do some thing good to country as well as to Messrs A. Rodgers and WH Gaskell retire | other Indian I bag to ask fallow educated by rotation, but offer themselves for re-election. [ Indians to remove this disunion.
COMPANY.
The eighteenth report of the board of direct- ors to the ordinary meeting of shareholders to he beld at the Company's offices, Victoria Buildings, on Monday, 4th February. 1967.
states-
you
A
Gentlemen. The directore now submit to
statement
the of
affir
the of Company,
and balance sheet for the year ending 31st December, 1906
The balance of profit and loss account for the year, after writing off all charges and expenses, *mounted to $16 639,15. The directors, there- fore, recommend that a dividend of $2.50 per $140,551.69 | share be paid, which, after writing off the
directors' and anditor's fees will Late balance of $1,089.15 to be carried forward to 5,070.62 | credit of a new profit and loss account.
$145,622 31
And from this have to be deducted :--- Remuneration to direct-
ora 5% commission on net profits...
$7,027.58
DIRECTORS.
AUDITOR.
The accounts have been audited by Mr. C. W. May in place of the late Mr. Thos. Arnold.
¡
each other defam *.
Kowloon, Jan. 27th.
Yours truly
AN INDIAN.
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