April 20, 1907.]
to this meeting be, and the same is hereby, approved and that the liquidator be, and he is hereby, authorised pursuant to Section 201 of the Company's Ordinance 186; to adopt the said agreement and carry the same into effect with such if any modification as the maid Liquidator may think expedient.
THE YANG-TSZE INSURANCE ASSOCIATION, LIMITED.
The Report for presentation to the Seven- teenth Ordinary General Meeting of share. holders, to be held at thanghai on Friday, April 26th reade ;-
The Board of Directors have now the pleasure to submit to the Shareholders the Annual Report and Audited & tatement of Accounts and Balance Sheet to the 31st December, 1906.
Working Account 1905 and Former Years.- This Account shows' a Credit Balance of $237,956.37 against $323,346.48 on 30th Decem ber, 1905. The Directors recommend the pay ment of a Dividend to Shareholders of 20 per cent, out of this Account, and the Transfer of $50 000 to the Credit of Reserve Fund and $25,000 to the credit of R/Insurance Fund. Dividend of 20% (-812 per share). $ 96,000.00 To Reserve kund
50,000.00 To Re-Insurance Fund
25,000.00 Balance Carried Forward
66,956.37
$237,956.37
Working Account, 1906.-The Net Premis earned during 1906, after deducting Return Premia, R/Lusurance Premia etc., amount to 8845,154,12 against $931,714.06 during 1905, and the Account shows a balance at Credit of $394,520,21, which the Directors recommend carrying forward.
The dividend will be paid in faels at exchange 73. $12 per share at exchange 73-iaels 8.76 per share,
Reserve Fund.-After crediting the fund with $50,000 as recommended above, the reserve fund will amount to $850,000.
Exchange and Investment Fluctuation Account. After crediting this account with $10,000 from working account there remained a balance of $1,988.27 at credit of same on the 31st December, 1906.
Sterling Exchange has been taken at 3:1-1/16 (the demand rate on 31st December, 19 6) and the relative value between dollars and taels at 78.
Investments.-The value on 31st December last has been taken for all the Association's investments.
Directors. In accordance with the Articles of Association, the present directors all retire from office, bu', being eligible, offer themselves for re-election,
Auditor.-Mr. G. H. Thomson retires, but, being eligible, offers himself for re-election.
By Order of the Board of Directors.
Dr.
W. S. JACKSON,
Secretary.
Shanghai, 9th April, 1907.
WORKING ACCOUNT,
For 12 months ending 31st December, 19: 6.
To net premis, less re-insurances, &c. ...
To interest account
To transfer fees
$ c.
845,154.12
99,859.41
45.00
$945,058.53
Cr.
$ c.
By claims paid, less re-insurances, &c,
386,994.10
By agency commissions.
54,002,89
By head office and general charges
44,254.08
By London charges“
24,397.74
By Hongkong charges
4,897.51
By agency charges.
20.270-64
By directors', auditor's and committees'
fees
By exchange account.
By balance
Dr.
WORKING ACCOUNT. 1905, and former years.
To balance of working account 1805 from
last account
6.221.39 10,000,00 394,520.21
|
CHINA OVERLAND TRADE REPORT.
Cr.
By net claims, re-insurance premis and premia returned, &o., account 1:03 By special dividend-1905 account, $1 per
share on 8,000 shares .. By bonus to secretary and staff By amount transferred to reserve fund By amount transferred to re-insurance fund By dividend-former years account=$12
per share on 8,000 shares By net claims and all payments account
former years By balance
LIABILITIES.
BALANCE SHEET, Dr.
On 31st December, 1906. Capital-8,000 shares of $100 each, upon which the sum of $60 per share has been called and fully paid-up
Reserve fand
Re-insurance fund
Exchange and investment fluctuation
1000unt
Working account, 1906
C.
325,703,71
10.277.19 60,000,00
96,000,00
"Po Pit " which was recently purchased by the Chinese Government from foreignerā.”- Viceroy Yaan bas consented to lend the “Po Pik 24,0 %.ro | temporarily.
TRUE POLITENESİ, Perhaps for foreigners know that it is 51,000.00 | customary for the Viceroy of a Provinos to entertain the omcials and merobants of his native province to an annual banquet. 61.793.43 | H. F. Chou Fu gave an annual basquet · 237,956.37 at the Bannermen's Hall yesterday where there. was a large attendance. A first class Can- $855,680.73
tonese theatrical troupe was also engaged to give a performanc». After the banquet Mar- $ c. quis Li Kwok Kit insisted upon paying for the whole show, and His Excellency Chou Fu "finally consented." The bill was over 1000 tsels.
49),000.00 800,000,00 134,143.75
1,988.27 394,620,20
Uncollected dividends Working account, 1905 and former years 237,956.37 6.151.77
ASSETS.
Cr. Midland Railway Company, Consolidated 24 per cent. perpetual preferenca stock £5,673.12/. Great Northern Railway Co., Consolidated 4 per cent. perpetual preference stock £1,725 London and North Western Railway Co., Consolidated 4 per cent. Preference stock £2,950
Great Western Railway Co., 4 per cent.
debenture stock £1,525
Great Western Railway Co., H per cent.
debenture stock £2,52 India 34 per cent. stock 1931 £1,891,6 14 Mortgages on real estate
Chinese Imperial Government E loan of
1896
C.
50,328.32
26.168.31
13,527.68
22.353.05
16,777.36 300,000.00
EXTRADITION ARBANĠEMENTS,
With regard to the rendition of Chinese oriminals from Hongkong and Muon the 818 Man Po gives the following report :-
-
"The Hongkong Government requires the evidence of two witness to prove such cases, but the Portuguese law demands as many as $2,054,760.37 eight witnesses and a certain time is limited for
their appearance.
Consequently many callous oriminals have been discharged, owing to the time for producing of witnesses expiring. A few days ago Viceroy Chou Fa delegated a depaty to hold conference with the Governor of Macso with a view to reducing the 15.31.81 number of witnesses to two only. The Mao10 Governor replied that he had no power to alter the laws of his country, and that he would refer the question to the Home Government,
MRS. MACHLE'S MURDEREK ? The man named Show Yuet Yeong who murdered Mrs. Machle in the Liochów massacro was arrested here a few days ago. It appears that the U. *. Consul General received infor 55.821.92|mation that Show Yuet Yeong was employed in the sanitary department as a coolie ander the 91,987.67 assumed name of Chew Hung. A despa'ch was sent to the Viceroy on the matter and H. E, in- structed the police to effect Shew Yuet Yeong's arrest. At the trial Show Yast Yoong denied the charge and stated that his name is Chow 33,561.64 | Hung and not Show Yust Yeɔng sad that he is not a native of Linohow. The informer gave evidence that the prisoner had assumed the Botitious name of Chew Hang, his real name is Show Yuet Yeong; that he lived next to Dr. Mackle's house in Linchow and that he saw him murder Mrs. Machle, Moreofer the informer said he is willing to siga a statement that if his evidence was untrue he is prepared to receive any punishment to which the Court may sentence him. The informer suggested that the prisoner bɔ taken back to Linchow where people could prove that he is a native of that place. Viceroy Chou Fu has commani. cated with the Linshow Prefect requesting the 36,198.63 | latter to make minute investigations in the matter and in all probability the case will be . sent to Linchow for trial,
Japanese securities held to conform with
insurance law passed in 1903.. Cash at bankera on fixed deposit Cash at bankers on current account Property-land and buildings, head office
No. 26 The Bund Shanghai Shanghai Land Investment Co., Ltd., G
per cent. debentures of 1890
Shanghai Land Investment Co., Ltd., 8
Shanghai Land Investment Co., Ltd., 5
per cent, debentures of 1891
per cent, debentures of 1896
Shanghai Land Investment Co., Ltd., 6
per cent, debentures of 1991 Shanghai Land Investment Co., Ltd. 5Į
per cent. Debentures of 1892 Shanghai Land Investment Co., Ltd.. 5
per cent. Debentures of 19 S'hai Municipal 5 per cent. Debentures of
1892
S'hai Municipal 5 per cent. Debentures of
1895
S'hai Municipal, 5 per cent. Debentures of
19-/1 Shanghai Waterworks Co., Ltd,
per cent. Debentures of 1896 (Shanghai Gas Co., Ltd., 6 per cent. De-
bentures of 1899 Astor House Hotel Co., Ltd..
per cent. Debentures
355,829.42 193,314.11
17.1,735.99
33,561.64
10,479.45
67,123.99
6,16438
2,329.77
22,200.73
6,44.11
67.123.29
Shanghai and Hongkow Wharf Co., Lul,
6 per cent. Debentures
13,150,69
43,390,82
9.253.42
Investments in Shares of Local Com-
panies
Policy Stamps at Agencies
172,757.48 248.64 4.907.5i
Head Office and Agencies' Furniture Due by Agencies, Premia in course of
collection, and Sundry outstanding».... 22),210,70
CANTON.
$2,054,760.37
(FROM OUR CORRESPONDENT.)
Canton, 13th April 1907. AN AFFRONT? Viceroy Chou Fu has made a new regulation, that in the event of aur Commissioners of the 1. M. Customs paying calls on him in fatars, guns will not be fired, and the main door will 8915,058.53 not be opened for their reception. This means they will have henceforth to go through the side entrance reserved for miner officials. This if accepted by the Inspector-General, will tend to lower onasiderably the status and dignity of 532,334,25 | the I. M. C'astama' officials.
Ը
To balance of working account former
years from last sooount..............................DUKET SARDOR 323,346.48
$855,680,73
CHINA'S CANTON “SQUADRON."
Owing to the poor condition of the whole of the Southern fleet, H. E. Chou Fu cabled to Viceroy Yuan Shi Kai to borrow the gunboat
OPICM.
17th April.
Upon receipt of information from the Fukien Province that the privilege før sålling prepared opium was farmed by that Province to a merchant for the sum of $2,300,000 per sanam, His Excellency Chou Fu, it is reported, | inlouds to adopt the same missure and tenderá will shortly be invited to take up the monopoly in Kwangtung Province,
|
|
Before the issuing of the proclamation for the prohibition of opium smoking last year, there were over three hundred and seventy licenses issued for the selling of prepared opina in Fatahao alone. After the Chinese new year over fifty of those shops closed their business, and at the beginning of the third moon, which is the time for renewing the licences, about 100 more of them closed their shops. The Viceroy having discovered that two prefecta and two magistrates have diod through giving up suddenly the custom of opium smoking has instructed that the prohibition be gradually applied so as to allow invetern'e smokers to give up the habit by gradually diminishing the daily dose.
RAILWAY MUDDLE,
Local merchants received telegrama: Poking stating that the Cantoness high 'cials in Peking have 'sent a jalát memorial
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