By balance from last account
CHINA FIRE INSURANCE
COMPANY, LIMITED.
The report for presentation to the share- holders at the thirty-eighth ordinary meeting to be held at the Company's offices cu Thursday | March 7th, at noon, reads :-
The Directors have now the pleasure to sub. mit their annual report and statement of the Company's accounts made up to 31st December last.
1905-The bulan-
ce at credit of working-count
as per last report
was
Add premia siuce
:
Dividend for 19 5 Losses outstanding
sundries
Working account, 1:06:
Balance at credit
Tash at bankers
Fixed deposits at bank“ : } H'kong & Shai Bankg.
Corporation
Chartered Bank of LA &C. Mercantile Bank of India,
Limited
International
S 178.544.83 3},tt. 0
March 4, 1907.|
REPAIRS AND RENEWALS ACCOUNT For the six months ending 31st December, 1906. Dr.
To payment on accennt of repairs and renewals during the half-year ending 31st December, 19 6
To balance
By premium account:
--
PROFIT AND LOSS ACCOUNT. Statement of Accounts for the year 19 6,
Premiums after deduction of гр.
insurances
372.741.5
Consalting Committee's fe, s
By interest account :
An utors fona
$15,675.94
Amount at credit, including int rest due
Interest
3.399.18
on deposits and investments. &c
145.447.07
Charges
By transfer fee account :
Cr.
$19.973.12
$ $19,475.12
Amount at credit
119 28
Am unt written off as depreciation for 1966-41.027.37 Balance
(.
$518,308.10
$19.75.12
BALANCE SHEET, 31st December, 1906,
LIABILITIES.
Capital account
Re-erve fund
Profit on working account ... Rubi and
Extra reserve fund
Zafira
, Investment fluctuation account
Accounts payable - -
CHINA OVERLAND TRADE REPORT.
147
*
C.
2.250.***
400.00
9,835.03
669.78
:7,365.57
$31,546,75
*
C.
↓·1, 00 00
Balance brought forward from 196 Exchange
、 C. 6.563.45
8.88
1,00-10
32 4449.85 346.5
74.974.42
$81,546.73
$160,000
BALANCE SHEET.
and
LIABILITIES.
$
C.
52,531 37
Authorised capital
214,231 37
30,000 shares at 8 5. cach $750,000.00
Issued and fully taid
362 98 465
2000 -harpe at 22% mách
1
650,000,00
Calls on shares forfeited now belonging to
$2.291,307.72
the company
160,00
ASSETS.
R C.
Reserve fun i
6,000.00
11.89 1.59
Underwriting account
30,976.29
Sundry Creditor.
23.235.04
Company's bankers
132,998.69
Balance of pr sfit and loss account
27,365.57
$975,735.50
ASSETS.
C.
$344,098.98
Corporation
received
20,427.28
Investment-
$367,526.26
ι
Deduct claims paid
in 1906
Chinese Imp. Govt. F.
Bond
70,939 49.
H'kong Club debentures
33.300.00
$ 81,070.05
Deduct return pie-
Hongkong Hotel Co., Id..
debentures
50,600.00
mia, &c., &c.
15,025.16
S'hai. Land Investment
Balance of profit
It is
prop.
sed to apportion this sum
1 6,09 21
$261,431.05 as fol.
Co., Ld, debentures S'hai. Waterworks Co..
49.877.40
Li.
debentures
8.172.22 Shares in Puble Companios 1:9.115.50
Value of Amoy buoy and
mooring
311.7-4.91
Less depreciation
225854
158,50
2.100.00
Loans un mortgage:
fows:-
Dividend of $6 and
Chi properties in Hongkong 1,511,300,00
in properties on Shameen.
Value of stores on hawi
3.738.56
Le-- depreciation
338.56
3,$0.00
bonus of $2 per
share on 20,000 shares
Canton
Furniture account :
$160,000.00
Office furniture, &c.
Accounts receivable :-
5,000,00
50.000.00
....
1,564,300.00
Value of end on hand
1,037.50
Proportion of premium on current policies 24,844,03
813.10
Sundry dohtore
Outstanding freight 1906
Premia due from agencies, interest duo
on deposits and investments, &c ..... 89,021.21
Cash
36,810,71
41,130,30
2,262.93
$875,735.50
Banking
25.000,00
Value of steamers Rubi and
Zafira
700,000.00
253,54181
less depreciation
$1,000.00 750,000.00
Value of Hongkong buoy and
mooring
Less depreciation
2.029.95
129 85
1,900.00
Vaine of Manila busy and
mooring
Les depreciation
6,300.46 100.46
5,9 10,00
To add to inrest- ment fluctuation account
To add to extra re-
serve fund, which
will then atand at $320,449.65... Bonus to office staff
91,961,63
5,469.42
$261,431,65
1906. The balance at credit of working account at the close of this year was $352,980,65 which is a satisfactory increase compared with the previous report.
DIRECTORS.
Messrs. E. Shellim, R. Shewan and H. W. Slade resigned their sats on leaving the Colony and Messrs. D. M. Nissim, A. Bebington and G. Balloch were appointed to fill the vacancies.¦ On the return of Mr. R Shewan, Mr. A. Ba bington resigued and the former gentleman was invited to rejoin the board. These appoint- ments will require the confirmation of share. holders.
Messrs. A. G. Wood aud E. Goetz retire by rotation, and, being eligible, offer themselves for re-election.
AUDITORS.
Messrs. W. Hutton Potls and A. R. Lowe bare audited the anuered accounts and offer themselves for re-election.
A HAUFT.
Chairman.
WORKING ACCOUNT, 14 January to 31-t
$2,206,307,72
CHINA & MANILA STEAMSHIP
COMPANY LIMITED.
The report for presentation to the share. bolders at the twenty-fourth ordinary reneral meeting to be held at the office of the general managers on Wednesday March 13th at 11 o'clock a.m., reads:
Annexed we beg to submit to shareholders the usual annual statement of Accounts for the year ending 31st December 1906,
The profit is $27,365 57, which it is proposed to appropriate as follows, viz :--
To place to reserve fund
To pay a dividend of $1 per
share
+
To carry forward to the credit of
next year's account
11
$1,400 00
26,000.00
365.57 ran regular
The S. S. Rubi"a d'Zafiro ly and very satisfactorily throughout the year, but both passengers and cargo ware much scarcer than before. Our gross income shows very heavy falling off and it has only been by exercising the strictest economy and cutting down xpenses that we are able to show a sa plus.
Cosulting Committee. Mr. D. E. Brown resigned on leaving the Colony, and Dr. J W. Noble was invited to take his place on the Consulting Committee In accordance with the Articles of Association Messrs. N. A. Sieht.
H. P. White, A V. Apear and Dr. W. Noble retire, but for them-elves for re-election.
December, 1996. Dr.
S
To charges account ·--
Rent, salaries, legal and surveyors" fees. taxes, stamps, stationery &c. 544,153,0 Directors and auditors fees 7.40 600
To commissión account
Agents comunissions
51.553.1 J
ESSENG
To exchange account --
Difference in exchange
To losses account 19k.
laims after deduction of re-insurances
38,187 26
To amount written uff
Furniture account....
Jo balance
64082
10 00 562,99465
$18,308,10
to
Auditors. The Accounts hare been audited by Mesare. W H. Potts and A O'D Gourlie, the lette having been asked
All the Vacancy cinsel by the death of Mr. T Arnold M»care. W. H. Potts and O'D. Gourdin, are recommended for re-el-ation
SHEWAN Tʊmes & Co. General Managers.
|
|
:
SHANGHAI GAS COMPANY, LD.
REPORT FOs 1906.
The directors, in presenting the annual report and statement of accounts for 1906 have pleasure in congratulating the shareholders on the continued prosperity of the Company's business. The profit on working account for the year amounts to Tls. 215,615 44 which sum has been transferred to profit and loss account. The net profit, after prov ding for payment of interest on debiutares and bad and doubifal debts, is Tik. 202,361.14
The balance at credit of proft and loss account, after crediting the account with Tls. 6,692.97 carried forward after appropriation of profits of the previous year and deducting the amount of interim dividend at the rate of seven per cent (Tlk. 56,00009) paid on July 25th last, amounts to Tis. 152,454.11, of which sum
recommend appropriation
the directors follows:-
year
To pay a final dividend for the
1906 on 16,000 old shares at seren per cent (making fourteen pr ceat for the year', 'Tis 3,50 per share
, pay dividend on new shares (two
imontis at fourteen per caut
per aanum: 7,954 at Thu. 1.15 per share
MA
Tia. 56,000,00
9,147.10
par a bonus for the year on 16,000 old sbare at the rate of Tls. 1.34 per share
$4000.00
1,988,50
pay a bons for two months on 7.904 new shares, Tla. ". 3 per Abare
write of for deprecia.
"
tios of land and build- ings
Tls 3,541.81
write off for deprecia- tiɔo of manufacturing and distributing plant 49,328.62
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