106
COMPANIES.
ANGLO-GERMAN BREWERY CO.,
LIMITED.
The report of the directors and statement of accounts, for the year ending December 31st,
reads:
The directors beg to submit to the share holders the audited statement of accounts for the year ending December 31st, 1906.
Profit and loss account:-The balance to credit of profit and loss account, including $1,066,95 brought forward from last year, amounts to $50,423,41, which the directors propose to appropriate as follows :—
to be Amount
written off on machinery and casks accounts....... Amount to be written off on Victoria Brewery, Shanghai, closing this
branch of the company
$
7,000.00
THE HONGKONG WEEKLY PRESS AND
HONGKONG ICE COMPANY..
LIMITED.
The twenty-sixth annual report reads: The General Managers have pleasure in sub- mitting a statement of the Company's accounts for the year 1906.
Including 83,776.31 brought forward from the previous year, and after deducting $20,000 paid as an interim dividend of $4 per share, the
balance at credit of Profit and Loss Acconut is
$143,836.81 which it is recommended should be appropriated as follows:-
--
1
[February 18, 1907. To 10% commission on 64,414.4') (boing 146,555.70 less balance of account
:
1905 Tls. 30,760,42, and Tis 51,380.4, proposed for deprecia- tion), to the general managers in accordance with their agreement 6,441.48 To be carried forward to the new account 31,469.74
Tis. 146,555 70
DIRECTORS.
Mr. A. Korff resigned the Board on leaving Shanghai and Mr. C. Michelan was asked to | join the directors; his election will require the 25,000.00 | confirmation of the shareholders.
A final dividend of $18 per share, .890,000 00 Provision for contingencies, To write off property a c.. To carry forward.
24,475:15 4.361.46
$143.83681
Mr J. M. Yonug and Mr. Chung Liang-yu retire in rotation as reqnirel by the articles of association, but offer themselves for re-election.
AUDITOR,
Mr. G. E. Wingrove again offers himself for JARDINE, MATHESON & CO, re-election as the Company's auditor.
General Managers,
BALANCE SHEET, 31st December, 1906.
12,201.49
LIABILITIES.
Dividend of 7 per cent to share-
Capital. 5,000 shares of $25 each
holders
30,315.25
Accounts payable
Ammonia reserve account
Provision for contingencies
1907 account
906.67
Profit and loss account
Balance to be carried forward to
$ (. 125,000.00
9.8894.01 1
9.079.16
J. M. YounⱭ,
C. MICHELAU,
Directors.
Ilbert & Co, «eneral Managers. Shanghai, February 2nd, 1907.
PROFIT AND LOSS ACCOUNT DECEMBER
Total
4
$50,423.41 Notwithstanding the severe competition of foreign beer, owing to the continued high ex- change, the company's sales show a steady pro- gress at satisfactory rates.
The new cellers, which were urgently needed in order to meet the increased demand, have since been completed and with a slight audition to the refrigerating machinery will, it is hoped, be available during the coming summer.
New share issue.--So far 441 shares, equal to 844,10, have been taken up.
Mr.
Directors. On his return to Shanghai Mr. C. W. Wrightson, at the invitation of the di. rectors, rejoined the board, which appointment requires confirmation at this meeting. Max Slevoght retires by rotation, but does not offer hime-lf for re-election owing to his ap- proaching departure for home.
Auditor. The accounts have been audited by Mr. Geo. R. Wingrove, who retires, but offers himself for re-election.
PE FIT AND LOSS ACCOUNT FOR THE
ENDING DECEMBER 31ST, 1905.
ASSETS.
Lau. buildings. plant and
80.000,00 143,836.81
31st, 196, Dr.
To interest
8307,804.98
Tla 10,198.08
Tia.
*
To Les rentals of Chinese
houses
3,546.87
6,651.21
I
To epairs and renewals
5,956.60
To agency commission
To directors' and auditor's fees
o balance
4,500 (#)
2 250.00
machinery as por last account$194,936 61 Loss written off per last report – 31,000,00
$168,936.01
5,5.9 31
Add cost of further extensions
Hongkong Fire Insurance Co. share, as per
last account
China Fire Insurance Co. share, as per lust
gecount
174,675.33
!...
146,555,70
225.00
Total Cr.
Tis.
1 5,913,31 Tis.
47.00
Canton Insurance Office share, as per last
By
account
120.0
By Les appropriation as
286.30
Hongkong and Shanghai. Rank on current
account
12.169.02
$83,000.00
By transfer fees...
86.000.00
7.718.46
1.924 DE 1100
lauce 19 5
passed at last meeting 142,924.86
By balance of spinning account 1906 135,013.64
173,685.28
30,760,42 139 45
Cash in hand
Hongkong and Shanghai Bank on deposit Mortgages
Outstanding accounts Accounts receivable
Ice in stock
Coal in stock
Fire insurance, unexpired prou ium
9,474.'3
EAR
Dr.
$
The balance ...
150, 23,41
PROFIT AND LOSS ACCOUNT. For the year ended 31st December, 1906, To General Managers' commission To auditor's foo
Loan against colton
Total
1.200 00
165,913.51 BALANCE SHEET, DECEMBER 31ST, 1906.
128 4
LIABILITIES.
Tls.
issued 7,158
$267,50198 | Capital ; 8,000 shares of which are
Ore draft at bankers
144
715,800.00
132,321.31
33,000,00
10.00
„Sundry creditors
$50,423.41
2.150.00
Unpaid dividends
Cr.
Ta interim dividend of 16 per cent paid on
2nd August, 1996................
Bal uce of profit and loss account
By balance of working
Tu balance
account 1905
$1,066.95
11
balance of working account 1946
$49,356.46 50,423.41
$50,423 41
By balance brought forward from last year By ie sales and cold storage charges, les,
working expenIKER
200000.00 143,836.81
$165,988.81
3.776 31
153,697.89
Baings
816.00
146,555.70
Tls. ASSETS. Tis.
202,193.62
1,037,967.14 Tls.
Le« depreciation 24,193.62
By rents received (les Crown rents and
tares paid) ..
2,226.37
6,276.26
[0.00
$165, 981 | Machinery
LAOU KUNG MOW COTTON SPIN- NING & WEAVING CO., L.D.
· BALANCE HEET FOR THE YEAR RNDING DECEMBER 31ST, 1906.
By interest and dividends
By transfer fees
. SBRTS.
Dr.
$
268,8 4.21
11
machinery account,
including
189,985.74
86,449.36
To properly account...
"
མ བ ན བ བ ཀ
electric installation
casks account
stock of materials
sundry debtors
fire insurance account
brewery liquidation
stock of beer
Victoria
account
LIABILITIE‹, Cr.
By share capital account
Deutsch-Asiatische Bank
13
,,soceptances
14
sundry creditors
balance of profit and loss account
8. E. & O.
71,064.12
The report for presentation at the thirteenth 1,245.00 | ordinary meeting of the Company to be held at 62.539.15 the offices of the General Managers, Shanghai. 47,184.49 on February 26th, reads
12,201.49
$739,493 54
The directors submit their report, together | with the accounts of the Company, for the twelve mouths ending December 31st, 1906.
Property Chinese bouses 53,581.09
Les depreciation
Reservoir and land— Improvements...
Less depreciation...
178,000.00
Additions
during
year, new godowns
3,735.83
181,735 83
626,008 61
Less depreciation
206,008,81
420,000,0
Additionsduring year
765.20
420,765.20
12,4 5.76
41,175,33
32,889.86 22,889.86
10,000,00
Additions during year
846.22
10,846,22
3,603.32
Less depreciation
2,103.32
1;500.00
Tlx. 57,264.00
Additions during year
57,90
1,557.90
Atock :-
Yara... Cotton and waste
305,101.76
47,623,91
Coml
Stores
616.00 25,420.97
Unexpired fire insurance
379,762.64 3,124.02
-51,380.48
Tls.
ww
、.. 1,037,967.14
In accordance with the resolution passed at ! the last general meeting, the sum of Tis. 75,880,37 3 has been written off to depreciation account.
This year's working shows a credit at profit 444,100.00 112,040.06 and loss account of Tls. 146,555.70 including 53,90441 | Tls. 30,760,42 brought forward from 1905, 79,025.71 which the directors recommend be dealt with as 50.423.41
follows:
8739,493 59
Shanghai, January 22nd, 1907,
ELEVOGT & CO.
Agents.
A MCLEOD.
MAX. SLAYOGT,
C. W. WRIGHTSON, J. JOHNSTON,
Directors.
To pay a dividend of Tls. 8 per share
on 7,158 shares
To depreciation of mill build-
ings..
To depreciation of reservoir
Tis. 16.735.83
and land improvements .. 1,346.22 To depreciation of machinery 25,765,20 To depreciation of North Prop-
arty Chinese Houses 7,175 83 357.20 To depreciation of furniture
Furniture
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