February 9, 1907.]
Flower Stall, Misses Andrew, Bone, Jackson, Thomas and Winnie Mounce- Stephen. Museum and Art Galery. Messrs. S. Boyd and E. Hearl, Shooting Gallery. Sergt. Major Stevenson, R.E.. C.S M, Vigar, R.E., and Sergt. Guthrie, R.M.L.I. Bran Tub, Pte. Eager, RA.M.C. Galranic battery. Mr. Matthews, R. N.
The Rev. C. Bone, chaplain, was chairman of committee, Mr. C. Makeham was vice-chairman and Mr. J. W. White was hon. secretary and treasurer.
the
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CHINA OVERLAND TRADE REPORT.
The financial loss to the Company has been ! very heavy although 7
per cut of the book ralues of the vessels were covered by insurance The cost of all repairs by typhoon damage and otherwise, including east of salvage of thei steamer Heungshen has been defrayed out of the earnings of the half year, exept the cost of repairs to Heungshan which only h-ing com pleted at end of Jannery will be chargeable t the first half year of 1907.
Immediately following the 18th September there was a shor‘age of tonu ge on the rise". but since then the competition has been
as rif. as ever, and Chinese freights have ruled гогт low.
95
PROFIT AND 1988 A COUNT. Dec. 31, 19 4 To repairs t› «teamers special account brought forward from last account
$ C. 15,000.00
4.445.97
To amount paid for repairs to
To
steam-r
company a proportio 1 asps in connection with the stranding of « « Falcona. Kinchin, Houngskan, Eng. ... and raising and repair. ing lighter ai
To difference betwee{} bok value and pries realized for company s rl share of steamer Til Hond
An interesting programme was given during course of the afternoon. There was a display of musical drill by the Sunday School | scholars, half hour concerts, gymnastic displays, The Pol Agreement with the China Xarigy an attractive conjuring exhibition by Mr. Evans | tion Co., Ltd., expired at the end of last year (the Fire King), and a hat trimming competitiou ¦ and, while renewing it your directors entered 1 in which Staff Sergeant Strange took first place into an agreement with that company to diapose: To plete light installation
and Mr. Hearl second.
Over $800 was realised.
COMPANIES.
KOWLOON LAND AND BUILDING
COMPANY, LIMITED.
The eighteenth annual meeting of share. holders in the Kowloon Laud and Huilding Company, Limited, was held on Feb 4th at the offices of the Company, Victoria Buildings. Mr. T. F. Hough presided and there were present: -Me-srs. A. Rodger, W. H. Gaskell, A. Shelton Hooper, R. A. Dastur. M. S. Aorthcote and E. B. Shepherd.
The Secretary (Mr. A. Shelton Hooper) hav ing read the notice convening the meeting,
The CHAIRMAN said-Gentlemen,— With your permission we will take the report and accounts as read. The balance of Profit and Loss Account for the year under review is slightly higher than that for 1905 which is accounted for by the smaller amount we have had to expend on repairs The gross receipts show a decrease which has been brought about by the larger number of vacancies than formerly; this was naturally to be expected in view of the number of new houses erected at Kowloon, but your directors believe that the population of Kowloon will so increase 8.8 to make the demand for this class of house quite up to that of the last few The property is in good condition and has been recently done up. If any further information is desired I shall be pleased to give it to the best of my ability.
years,
There being no questions the CHAIRMAN moved the adoption of the report. and accounts.
Mr. DASTUR seconded, and the motion was carried.
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Mr. NORTHCOTE proposed the re-election of Messrs. Rodger and Gaskell to the Directorate. Mr. HOOPER secouded, and the motion was carried.
On the motion of Mr DASTUR, seconded by Mr. NORTHCOTE, Mr. C. W. May was re- elected auditor.
The CH IRMAN-Dividend warrants will be ready to-morrow. Thank you for your attendance.
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HONGKONG, CANTON AND MACÃO STEAMBOAT CO., LD.
The report of the board of directors to the ordinary half-yearly meeting of shareholders to be held at the office of the co pany on Tues day, February 12th, at 12 o'clock ucou, reads:
The directors beg to submit to the share- holders the report and statement of accounts for the half year ending 31st December last.
of our he share in the s ́e amor. Falshan to i them on the basis of a total valuation of £25,0 4 which came into effect on the 31st December. This sale leres a small profit to us on book value as you will see in the accounts.
It was also agreed that the China Navigation Co., Ltd. should purchase from us a ¿ths share in th 88. Poran in order that she may he jointly worked as a spare boat or freighter, and that she should be replaced in the pool working on the Canton Line by the Company's steamer Heungshan
The Pool Agreement between the Chinx Navigation Company and curselves extending over a period of 10 years, has now been signed and executed. The transfer of ¿lis share in the steamer Poran has been made and will appear in the account of the first six months in 1907.
In order to replace the steamer Heneghan on the Macao line, and recognizing the nece»A sity of two smaller and more concmical vessels for the trade, your die setors purchased from the amburg- Vinerika Linie the two river steamers Sai Au and Swi Tu They have been rauning ou the line sine- the 12 issant, and are working very satisfactorily. Thes changes bare been decided on after very careful con- sideration on the part of your Board and in the best interests of your Company.
The working of the West River Servic- continues to be unprofitable and your directors in agreement with the other joint owners decid. ed to sell the stranded steamer Tak – Lion The loss on her book value of our {rd share amounts to 814,106.39 but we hope to recover the sum of $2,466,66 for estimated cost of repairs and salvage from the underwriters
Mr. E. R. Fuhrmann resigned ins s-at a' the
Board upon leaving the Codong, and Mr. Thier was nominated by the directors to fill the vacancy subject to confirmation by the share. holders at this meeting.
The retiring auditors, Messrs A. O D Gourdiu and W. Hutton Potts also offer them. selv-8 for re-election.
E. GOETZ.
Chairman.
Hongkong, 28th January, 19907.
ASSETS.
Tec. 31. 1906. Valu of steamers Honda, Parney Honaje shara, Sep-An, Sun-Tex, and Lungshow. gths of Kinshers and End of Seran tang Namuray. Liuton, and Sauri Value of lighte ~. Suuh.. and 11. Value of wharv‹ *, huik» and mooring Value of properties at Canton. Wachow
and Kongkun
Value of spare gear and store- Value of turnitate
Value of -hare · in piible compaines Value of Chinese bands
Loans on tortgage Interest accrued Sandry debtors
Hongkong and shanghai Banking Corpo
ration current account
LIABILITIES
¦
Less amennt recoverable from
un lerwriters
The directo sand auditors' fops To dividend of $1 per share on
*0,000 shares
To anemut to las carried for.
ward to nen de out
D. 71. 1999
19.191.29
68.04 1.26
11.105-39
2,166 66
11.638.73
steamer
4,000 00 4.250.00
880,000,00
2017
104170,08
By mount brught forward from last se
cont
By net varmings of steamer S By unter t on investment< By transfer Fayre
·
By diferen between hekk, valno and price reali ol for compati. sth- •hare of steamer F.
S188,990 07
ミ C.
5,464 97
1:36 317 36 17.223.13 $4,00
7.90.31
SISAUDAG
X
DEPRE TATION AND INSURANCE FUND. 1. 16,
Dr. La balance Joe 3
600,000.00
A.
By bashee
3 f. 600.000.00
i
EQUALIZATION OF DIVIDEND FUND Fee, A. 199
De
C.
Tohitsee
I
Jume t
250.000 00
X {^. 250.000.00
I
į
By balance
SILANGHAU LAND INVESTMENT
COMPANY, LIMITED.
tha
The report of the direstors for prematation at the eighteenth annual meeting of the share. holders to be hollon F-bruary 20th reads: -The dictors have much pleasure in placing bafure shareholders their eight-nth annual report w ich shows a satisfactory year's work.
The working account for 1996 has a credit bilan of TL 346175) as compared with {PS3l for the pr›v.us yer
The am sunt at the er så of profit and loss account, after deducting the interim i vidand of 6 pard in July last, is Tls 319,755 34, which the der etors recomand for appropria tion as follows :-
Final dividend 6, (making 12
for
the year), on fully paid shares 156,000,00 Divi lend on new shares, 13 months
Bonus on fully paid shares 52000
shares at 1. 10
Bonus on new shares. 25 295 shares
at 12 per annum), 25.295 shares at I'ls. 975
13971.25
78,000,00
1806,05 61,978.04
319,755.34
1,112 so0 00
71.250 me!
134.246 77 16.269.37
at The 19 Carry forward
Total
371755.HE
4931-
At an extraordinary general minz, həld on the 25th April, 1966, and conficined at an 1.45400 | extraordinary general meting held On the Toth May. 19 ti, it was d-cided to issue 26,000 new shares at a premium of Tls. 25 per share; 2.45792, (payable Tle. 4 Con 1st Octabar, 19 xi, and Tls, 35 36,999+]
on 1 April, 1907, 25,295 of these new shares have been app ied for and the balance of 705 51,602 62
shares the directors propose to dispose of in $2 549, 439 47
due course.
After paying running expenses, salaries, premia of insurance, repairs, balance of $15,00 *pecial repair acccunt brought forward from last half year and all other outgoings, there remains, including 85,464.97 carried forward from last account, the sum of $100,170.08 at credit of profit and losa account. From this amount the directors recommend that a dividend of one dollar per share, or $80,00', be paid to · Amount at er at of q qualization of divis shareholders, leaving a balance of $20,170,98 to be carried forward to new kecount.
Dec 31, 19 6. Amount of capital, 80, 04 shares of $15
each fully paid up Amonut at credit of d previation and m
surance fund
dend fund
Amount at credit of rivestment fluctu
trare unt
<
1.20076 TU
... 34. יוני 4:41
All the Company's properties have been well let and the loss of rent by houses standing racint is practically nil. All works necessary to keep the properties in a first class state of repair have been attended to and a o »n«iderable 1- Ke* ing permanent improveme ** wit the views of reduc ng future pairs. Toth was chef, dus tha in rauge 10 the work or expans Insuranc. al taxes being als larger, owing to true inere Link xizə and development of the company's properties.
The differences in the figures of the capital are accouutel for by interest on aa- $2,549, £39.37 | developed land, with the following exceptions :—
Hongkong and Shan chai Banking Corpos
ration, loan Revonnt Unelated may adend-
The disastrous typhoons of September caused the stranding of fir steamers of the Company's fleet, with paralyzing effects to the service, which were further accentuated by the burning sundry • editors of the China Navigation Co., Ltd. steamer Hankow, on the 13th October.
Amonat at ee ist of profit and loss are punt
1112463
2.26 16 100.17 40%
account
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