148
To write off for deprecia.
tion of furniture...
1, carry forward to new ao-
count...
Tls.
€59.89
53,328.32
* 930.19
152,454.11 Consumption Private consumption bas increased 51,806,675 cubic feet or 14.42 per cent. Thare has been a small increase in the consumption for public lighting amonating to 2.96 per cent.
Gas Engines.-There were eleven additional engines fixed during the year making a total of¦ ninety-eight in use. The increase in the amount of gas used was 5,812,80) cubic feet or 16.32 per cent.
THE HONGKONG WEEKLY PRESS AND
¦
concern.
[March 4, 1907.
As none of the shareholders pressat ́nsoondui the resolution, it was done by Mr. B ráari, one of the Directors. The propo‹ition was carried without dissent.
the Kirin Bakushu Kabushiki Kaisha. The | carrying out the negotiations for the male of the report and accounts had beed is the hands of the shareholders for some days, and if no objection was raised he would take them as read. It was a great satisfaction to the Directors to be able to show such a favourable result for the last year of the Company's existenos, and The Chairman, in thanking the meeting on to recommend such a largă dividend, here behalf of himself and so directors for the was nothing in the accounts to call for any substantial honorariam rate 1, ssid the Direct ves special attention, so he would pass thes; over had no scruples in accepting it, as they felt it and come to the most important matter-the · had been well earned. The negotiations for the sale of the Company to * iapxaese syndicate, sale of the Company had required great care This had been accomplished after a great deal and thought and were outside the ordinary of negotiation. The groom 'nt had b ̈en signed duties, and later on, at the close of that meeting, those present would be asked to pass resulations for the winding up of the Company. The Brewery and plant wars in first-class working order, and the Kirin Bakushu Kabushuri Kaisha wa« to ba congratulated on hiving secured a sound and increasing business and a plant which was capable of being enlarged to almost any ex'ent. As that was likely to be the last occision for Fittings. The balance of profit on fittings bringing to their notice anything in connection account is slightly smaller than ascal,
with the working of the Company, the Directors Capital.-7,954 hew shares were issued to the took the opportunity of saying bow moob shareholders on November 1st last at Fis. Hu they appreciated the energy and business-like | per share, the premium received on whict. minner in which the selling agents, Maiji-ya, amounting to Tls. 238,620,00, has been credited, had pashed the sle of Kirin since the first to share premium account.
Coal, etc-There were toos 3.966. 11.0 more carbonized than in 1905 and 53,298,600 cubic feet more gas were produced.
Residuals. There has been a favourable market for residuals throughout the year and receipts shew a considerable increase.
#
I
Renewals and Depreciation Account-For! the value of old plant and buildings displaced during the year by additions and exteustous to, the works, the directors have appropriated from this account the sum of The. 65,000.00, redacing the sum standing in the books for such purposes to Tls. 10,000.00.
Directorate. In accordance with the Articles of Association, Mr. F. Ayscough r tires, but, being eligible, offers himself for re-election.
Auditor.Mr. W. H. Auderson offers himself for re-election.
SUMMARY OF THE ENGINEER'S REPORT TO THE DIRECTORS DURING THE YEAR 19 6.
Manufacture The Company's new offices in Thibet Road were completed and occupied in October. The new purifiers were completed in December. Work on the New retort house (No. 2) has been carried on throughout the year, and will be completed at an early date. No. gasholder will be completed in the spring.
Coal, &c., carbouiz-d
Gas manufactured
Yield per ton...
Average illuminating power Distribution :-
Tons. 37,942-5-2
starting of the Company. They trusted this might continue, and that the new Company might be equally fortunate in their services, Koria was still considered the best beer brewed in Japan, and for this they had to thank the chief brewer, Mr. Fichellberg, and his assistants, who had proved themselves thoroughly capable in there different departments. To the Secretary, Mr. J. H. Dinsdale, they all owed special thanks for the very able way in which he had filed the position and conducted the office, and also to the chief clerk, Mr. Okawara who, with his assistants, had loyally supported him. To Mr. R. 8. Thomson, the chief engineer, and his assistants their best thauka were also due for the effective and conscientions way in which their duties had been carried on!. Th whole brewery
staff of workpeople also deserved a note of praise. Most of them had been in the service of the
This concluded the business of the meeting. Immediately following T extraordinary general meeting was held.
The Chairman aid as thom present would understand from the notices which had b ́sa în their hands for some days that was an ex- traordinary general_meeting for the purpose of winding up the Company. The proposals embodied in the notice would be put to the meeting together, but before asking those present to vote he would be glad to hear any 'remarks or questions they might wish answered. The signed agreement between the Japan Brewery Company, Ltd., and the promoters of the Company
new
Was on the tabl", and could be inspected by any shareholders 'who wished to do so. From it they would notics that the cash part of the purchas› would be made not later than the 1st of next month. The liquidator won probably be able to distribute the proportion which would be due to shareholders. The debentures would most likely be paid off on the last day of March, but it must be some months before it could be presented, as there were numerous contracts running which woal! tak › some time to settle. It was difficult to form any estimate as to what the final balsace for distribution would be, as until the extensions war, finished and the machinery in place it might be misleading to estimate the amount required, but share- holders would do well not in anticipate anything large in the shape of float dividend. The Chairman
then mor.d the following
resolutionss :—
"I-That the company he wound up voluntari-
of Association sud of the Companies' Ordinances 1865 to 1890 of the Colm y of Hongkong.
¦ Company for many years, and had proved them-
selves tried and reliable servants. The directorsly under the provisions of the Mamorsadum were glad to kuor that the Kirin Bakushu Kabusbiki Kaisha were retaining the services of all the present employé,, and they trusted Cabic feet they would contiune to work with the same 447,992,109)
good understanding as they had done with the present Company. Before asking the meeting to piss the report and accounts, he would be glad to answer any questions.
11,807 Candles.
16
Mains. A considerable amount of main lay- ing has been done in consequence of the laying of the tramway tracks in addition to the normal amount of repairs and extensions. Altogether 7.66 miles of new and enlarged mains were laid during the year.
Cubic feet. 420,949,800
Gas sold during the year Used on the work,
&o....
Unaccounted for and
3,804,600
stock
23 237,700. Increase in gas sold as compared
with last year Gas unaccounted for in distribu-
tion
+
15.37)
|
L
1
The being uo questions,
Th Chairman proposed that the report and ace vunts as printed be passed, and that a diri- dend of 34 per cent, for the year he declared na the paid-up r pit-l of the Company.
The motion was seconded by Dr Wheeler and carried unanimously.
3
The Chairman sail the next business he had to propose was of a technical natura, He mored :
That Mr. F. 8. James be and hereby 27,042,300 | is appointed by this meeting to represent the shareholders of this Company at the first meeting, and any subsequent, if found necessary, of the Kirin Bakushu Kabushiki „Kaishɔ, and to transact any business required." The Chair- man added that the proposition was necessary be. cause the first meeting of the new Company would require a quorum Asthe Company would Chief | hold 20,250 shares, which was a very large pro- portion, withou! somebody representing these shares it would be impossibls to form the new Company legally.
3.12%
H. KING HILLER,
Engineer in
Shanghai, December 31st, 1906.
JAPAN BREWERY COMPANY, LIMITED.
THE TRANSFER OF THE COMPANY.
The ninth ordinary general meeting of the shareholders of the Japan Brewery Company, Ltd., Was beld at the Company's office, Yamate-cho, Yokohama, on the 13th instant. Mr. F. 8. James, Chairman and Managing Director, presiding.
The Chairman, in addressing the share. holders, reports the Japan Herald, said that was the annual general meeting of the Company called for the purpose of passing the report and accounts for the year 1906, and for giving authority to himself to represent the share holders at the first meeting of the new Company,'
Mr. Wood seconded the proposition, and it was carried unanimously,
The next business being the election of two Directors, Dr. Wheeler proposed tha' Masers. C. B. Bernard and L. J. Healing be re-elected. The motion was seconded by Mr. Rosenthal, and carried.
I
2. That Frank Scott James be appointed the Liquidator of the Company for the purposes of such winding up, and that in the event of the | said Frank Scott Jame leaving Japan before the winding up of the Company be completed, be, the said Frank Scott James, shall be em. powered to nominate Cha·les Barton Bernard nu Liqu dator of the Compay in his place
3. That the Liquid, or be and he is hereby authorised to adopt and e urry out the Agreement entered into between Frank Soo't James as Managing Director of th« Comsany and Rempsi Kondo and 1'. Wacia so 1 G. Yonei on behalf of the Kirin Bakushu Kabashiki Kaisha for the sale of the plant sal property of the Japan Brewery Company, Limited, and to carry the the same into effect,
"The Liquidator shall be empowered to grant such gratuity to the employés of the Com. pany upon the termination of their engagement by the Company as he may consider expedient.
5-The remuneration of the Liquidator shall be two and one half per cent, of the net cash available for return to the shareholders of the Company.
6. Ia the event of Charl Barton Bernard aforesaid being nominsted Liquidator in the place of Frank Scott Jame; he shall have the same powers as Liquidator as if originally He shall appointed under these resolutions. receive as remuneration such part of the Liquidator's remuneration as may bɩ arrangəd between him and said Frank Scott James,'
Dr. Wheeler said a number of shareholders wanted to know what was the amount of
Mr. H C. Litchfield said ho thought | available cash, they might congratulate Chasmselves คน The Chairman said it was impossible to the very successful year's working of th Brewery, and their special thanks were dae to the Directors at only for the work of the past year. but also for the number of years of prosperity during which the business of the Company had been conducted. He moved a rote of thanks to the directors for their past services and that they be given a special honorarium of Y20,000 for their labours in
estimate, because they hul machinery on the wy for which they had as yet no invoices, and they did not know what the cost of freight, duty, and patting the machinery into position would amount to. It would b› very misleading to estimate. They would be glad to give any information on the subject, but it was really impossible to do so. They had buildings going on, and it would take some time before they
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