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196
The CHAIRMAN – Thank you, gentlemen, for your attendance.
HONGKONG ICE CO. LD.
An extraordinary general meeting of the Hongkong Ice Co. Ld, was held at the offices of Messrs Jardine, Matheson and Co. on the 21st March for the purpose of making certain alterations in the Articles of Association. Hon. Mr. W. J. Gresson presid-d, otlara present being Messrs. W. Parlane (manager), R. G. Munio (secr fary), C. H. ROBS, A. Brooke Smith, T. 8. Forrest, J Barton. A. Rodger, C. W. May, Ho Fook and Lo Cheung-shui,
The SECRETARY read the notice calling the meeting and the resolutions to be submitted as published.
The CHAIRMAN-Gentlemen, the police just read explains the object of this meeting, and I should be much obliged if shareholders would propose and second the two r solutions before you for approval.
It was proposed by Mr. BARTON and seconded by Mr. Ho Fook that the Articks of Associa. tion be altered in accordance with the notice just read. Carried.
Mr. BROOKE SMITH proposed that the chan: es in the Company's Articles, jast approved in accordance with the notice read, should come into force and take effect from and in cluding the 1st May, 1907.
Mr. RODGER seconded, and the motion was agreed to.
The (HAIRMAN—These resolutions will re quire to be confirmed at another meeting. I thank you very much, gentlemen, for your attendance.
LÜZÜN SUGAR REFINING CO. LD.
The report for presentation to the share. holders at the twenty-fifth annual general meeting, to be held at the offices of the General Agents, at 12.15 p.m., on Wednesday, March 27th, reads:-
The General Agents beg to submit to share. holders their report on the Company's business for the year 1906, with a statement of accounts to 31st December last.
For the greater part of the year the refinery at Malabon was kept working, but at a reduced melt, and owing to the low prices ruling every. where the margin of profit ou working was small.
After allowing for Interest and Less in exchange the sum at debit of profit and loss account is $138,523.01.
CONSULTING COMMITTEE.
This consists of Messis. A. G. Wood and H. P. White, who offer themselves for re-election.
AUDITOR.
The accounts have been audited by Mr. A. R. Lowe, who ‹ffers himself for re-election.
JARDINE, MATHESON & Co.,
General Agents.
Hongkong. 2nd March, 1907.
BALANCE SHEET, 31st December, 1906.
LIABILITIES.
Capital, 7,000 shares, of $1.4 Bach
Jardine, Matheson & Co.'s current account Accounts payable....
ARESTA
Property account, as per last account
Hongkong and Shanghai Banking Corpora
tion
Cash in hand...
Kaw and refined sugar, &c. .
Coal, charcoal, stores, &c
Fire insurance, unexpired premia Accounts receivable
T
(
700.000.00
196,112 33 2.209.19
$894,321.52
$
6:29.642.43
THE HONGKONG WEEKLY PRESS AND
CHINA TRADERS' INSURANCE CO. LU.
The Report for presentation to the sbare- holders at the forty.ßrst ordinary meeting to be beld at the Company's Offless at 12.30 pm. on B-turday, April 13th, reads :-
The Board has now to lay b-fore the share holders a balance sheet containing a summary of the property and liabilities of the Company on the 31st December 196 and a statement of accounts to the same dat ·.
of
1905 Account. May to December. The amount paid as compensation to members of the Staff who retired in consequenes of the arrange. ments made with the Unip Insurance Society of Cantor, Limited, was 3161,683,97. Against this the Board has transferred the Rum 8150.000 from Reserve Fand leaving 811,685 97 to be paid out of Working Account. After payment also of the interim dividend of 83 par share and the bonus of 15 per cent to contri. bators passed at the last annual meeting, there remains a balance of $41,342.88. as per aunered statement. This sum the Board recommenda should be carried to Underwriting Suspense Account to close the account for the eight months ending 31st December 1905.
1906 Account. —The balance of Working A ccount on the 31st December 1906 W&S $933,412 89 as per annexed statement. The Board recommends that an interim dividend of
$3 per share be paid to shareholders out of interest, absorbing 872,0 0 and that a bonus of 20 per cent be paid to contributors, absorbing about 8125,0 U and that the remainder be carried forward.
DIRECTORA,
Since the last General Meeting Mr. H. W. Blade bas resigned his seat on leaving the Colony, and Wr. A G. Wood has joined the Board. Mr. Wood's appointment will be sub- mitted for the confirmation of shareholders, Messrs. E. Ormiston and C. R. Lenzmann retire by rotation and offer themselves for re-election
AUDITO28.
The annered accounts have been audited by Masers. H. U. Jeffries and A. R. Lowe who offer themselves for re-election.
A. G. Woon,
Chairman.
Hongkong, 19th March, 1907,
BALANCE SHEET.
On the 31st December, 19′ 6
Dr.
To Capital 21:00 «hares of 8-3 13 each
$2,0 vijoke upon which $25 per share called and paid up
To Reserve fund
To Unclaimed bonus and dividend To Exchange fluctuation account To Investment finctuation account To Working account 1905, balanco To Working account 1906, balance To Reinsurance fund
To Underwriting suspense.
account
To Sundry creditors.
85,301 12 69,349 76 41,342 933,412.89 £28,717 14. 10 253,610 11
£17.691 3 7 158.17 12 37.484.16
('t.
$2989,321 46
in
By Cash on current account at Hongkong By Cash on deposit with banks
Hongkong, Shanghai and Yokohama By Amount invested in Yo tgages. Dehen-
tures and other Securities in Hong kong, Shanghai and Yokohama By Amount invested in London, viz
Deposited in Banks £56.5 0 " O Leasebold property
23.79 17 Travancore Tea EstateCo. 1,000 m 11
$ $1.3137
|
[March 23, 1907.
By Directors' and anditors' fees at Hond
Office and branches Br losses..
By Compensation to staff
Less transferred from re-
serve fund
.$161,685,97
150,0 0,00
By Interim dividend of $3 per share By Bonus of 15 per cent to contributors By Balance
WORKING ACCOUNT, 1908, On 31st December, 1906. To Net premium from 1st January to 31st
December, 1906
To Interest.. To Transfer fees
By Agency commissions
By
Head office, branches and agency charges
10,393.2 324,783,89
11,684.97
427,889.41 72,0 4,00 57,190,32 41,342.89
$398.431.81
$ c. 1.740.825.36
118,391,04 656.00
$1,857,872.40
14,699, 45
193,299,26
By Remuneration to directors, committees
and anditore
By Losses and claims pail By Furniture written off By Bilance
13.48 2.17 662,636.89
1941.85
933.412.89
($1,857,872.4)
CHINA SUGAR REFINING CO., LD.
The report for presentation to the share- holders at the twenty-ninth annual general meeting, to be held at the offices of the General Agents, at 11.30 a.m., on Wednesday, March 27th, reads :-
The General Agents beg to submit to share. holders their Report on the Company's business for the year 1906, with a Statement of Accounts to 31st December last,
For the greater part of the year supplies of sugar wars poured on to the various markets from Java and Japan largely in excess of requirements, competition was keen, and prices gradually declined. Work at the Refineries had to be reduced, and during the last six months the output reached a very low point.
Inclusive of $41,419.68 brought forward from the year 1905 the sum at or-dit of Proft and Loss Account is $169,218 47 which the General Agents and Coosa'ting Committee recommead should be appropriated as followE, FİL.
To pay a Dividend of 89 per Share ..$16 1,601,00 9.218 47 Carry forward to next à c.,
41
$169,218.47
A
CONSULTING COMMITTEE :
This consists of Sir Paul hater, C.... Mears. A. G. Wood, A. J. Raymond not F. Maitland, who offer themasives för re-election.
AUDITORS:
The Accounts har bemo nadited by Messrs. W. H Putts and H. Percy Smith, who offer themselves for re-alection.
JARDINE, Matheson & Co,
General Agenta.
Hongkong, 4th March, 197.
BALAN E SHEET.
Tae Year to 31st Decemi er. 19 G.
CAPITAL AND LIABILITIES
Paid-up capital Equalization of dividend fand 1944,715 09 Repairs an i renewals secount
Raw engar reverte secount Sandry erlitors Balance of profit and loss scouuat
1.1250063 70
£1,27917 7 717.50$ 14
By Amount invested in Australia, viz
Deposited in Banks
Other investments
-
By Amount at debit of branches and
14.240.14 9.7.19 80.968.65
32,678.43
1.167.77
1:3.90
7.9.798,511
AGENCIES
138,523.01
By Sundry debtors
$899,321.52
PROFIT AND LOSS ACCOUNT,
For the year ended 31st December, 1906.
$
To balance from last year
C.
132,588.10
To interest
12,149.73 11,189.64
Profit and loss account...
1
To loss in exchange
To auditor's fea
By gain on working By balance
Property account consisting of
East Point Refinery
Bowrington Refinery
Hwatow Refinery
287.611 84 | Sun-try debtors
Shipments
里,119 賣
0.
2.000.000.00
$50,000.00 34.848 61
345,741 56 1,349.790 73
169.149.47
$4,371,599.37
0.
1.531.209.03
2,472.13 2,124,268 33
7.487.44 203.208.2
47,887.57
24,500, 041
3.275. 0
Hongkong Dullery
"
Cash
i
1
€7.775 0 0
68,634 48
Raw and refined sugar, spirits and rum, &c
&c
: Charcoal, coal, stores, &c.
By Bill receivable
156,527 61
$2.90.521 46
WORKING ACCOUNT, MAY TO DECEMBER
1905.
On 31st December, 1906.
PROPERTY ACCOUNT.
To balance on 31st December, 1905
$176,1 6.04 21.2588
153,047.96
$4,37 | 590.87
**
598,294.17
By balance on 31st December, 1:08
PROFIT AND LOSS ACCOUNT.
1,531,200.03 1,531,209,00
137 64!
0.
To commissKLON
1",874.80
$598.431 81
To remuneration of cousuiting committee To auditors' fees
2,500.00
150.00
To interest
69.383,17 11,060 11
16,872.73
38,798.35
50.00
To falance brought forward To Exchange
$155,977.47
17,454 46 138,5.3.01
By Reinsurance, retura premium and com-
missions
$155,677.47 By Charges, are
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