May 4, 1907.)
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CHINA OVERLAND TRADE REPORT.
been of great assistance in measuring heavy | rain. Doctor Alessio of the Italian Cruiser Calabria visited the Observatory during the month of August for the purpose of making so *ccurate determination of the constant of gravity as well as of the magnetic elements, The magnetic hut was placed at his disposal for this work.
THE HONGKONG ELECTRIC COMPANY LIMITED.
Property, cost of land and buildings as per $ 91,328.97
last account
Les amount provided for depre-
ciation
Cost of buildings since added
Installation material, stook of Stores and coal, stock of Tools, &c., stock of Furniture, cost of, as per last
account
Cost of furniture since added
Insurance. Value of unexpired
portions of policies Sundry debtors Cash with agents
6 3:29.97 85,000,00 7,917.17
got
92.917.17
$1,364.43
9,281.25
1,190,10
849.76 30.00
879,76
1.290.00
34,947.14
29,219.77
Hongkong and Shanghai banking
corporation
76,976.04
$721,419,46
WORKING ACCOUNT.
$ 8,000,00
3,718,84
2,391,00
200.00
1,646.67
The Report of the board of directors to the eighteenth ordinary yearly meeting of share. holders, to be held at the Company's Officer, St George's building, on Wednesday, 8th May :- Gentlemen,-Your Directors have the plen- sure to submit the accompanying Statement of the Company's accounts for the year ending To agency and office expenses...... 28th February 1907.
The balance st credit of profit and los account is $110,469,72; after deducting directors' fees (83,00) there remains a sum of $107,449.72 available for appropriation, and your directors recommend that this be disposed of an follows:
To pay a dividend of 10 per cen! :-
Say $1.00 per share on 59,991
fully paid shares
L
Say 50 cents per share on 9. part
paid shares
write off plant account for
depreciation
depreciation..
To carry forward to next account...
Dr.
To rent and taxes To insurance
To anditors' fees To bad debts
Teamount carried to profit and loss account 107,881.28
Ct.
By net profit on working By scrip and transfer fees.
$ 59,991,00 By interest
4.50
$122,097.59
.$121,503.03
26.00
508.56
$122,097.59
PROFIT AND LOSS ACCOUNT. Dr. 41,120,80 | To amount available for appropriation ...$110,449.72
$110,449.72
$ 2,568.44
By amount of undivided proft, as per last
account
Cr.
379.76 2,953.66
$107.449.72 | By balance of working account brought
gun to signal the freshening of the NE mon- soon. The typhoon gun has been fired 44 time | since the Obsersstory was started on the 1st January, 1884, ie, during the past 23 years, During this period it has 48 times blown a gale of force 8 and upwards. Once in January (norther), once in February (norther), once in June (typhoons), 8 times in July (typhoons), 10 times in August (typhoons), 16 times in September (typhoons), 8 times in October, (typhoons), once in November (Ƒphoons). twice in December (northers). There were three instances when a stroop gale occur. red, and the gun was not fired, but in each se the typhoon had been previously notified several hours in advance by notices and signals issued. On thres occasions the gun was fired and no gale followed, owing in one case to recurrature of the typhoon, and in two to no local gale resulting from the typhoon, the centre of which passed the Colony. Twice the gun was fired too late. a the first case warning had been given some hours previously by the ..hoisting of signals, and in the second instance, that of September 18th, 1906, both signal and gun were late. It will thus be seen that warning was given of every typhoon that blew in the Colony during the past 23 years, except in case of that of September 18th last, when owing to the extremely small diameter of the disturbance, its existence was not known beforeband and the indications were insufficient to justify the hoisting of signals till half past seven in the morning (Hongkong Mean Time). Could To earlier warning have been given it would doubt- less have contributed to the saving of life and | To, write off furniture account for property as far as the boat population in the harbour is concerned. The damage in the Colony must in any case have been extensive, for apart from the suddenness with which this gale came on, it occurred at flood tide, which, owing to the typhoon, was of exceptional height and was responsible for a great deal of damage along the sex front, against which no precautionary measures would have availed, the damage being quite out of proper tion both to the duration and severity of the storm. The maximum hourly wind -locity 77 miles, registered between 9.30 a m. (H.K.M.T.), did not reach full typhoon forea. Ou the other hand there were during this interval some four or five squalls of great severity. During 1906 in addition to meteorological registers kept at about 40 stations on shore, 2,064 ship logs have been copied on board or forwarded by the captains. The total number of vessels, whose log-books have been made use of, was 314 The total number of days observations (count- ing separately those made on board differ- ent ships on the same day) was 16,610, In 1906 the number of transits observed was 542. The axis of the transit instrument was levelled 276 times and the azimuth and collima- tion errors, which are less liable to variation were determined 39 times by aid of the meridian mark. Since the return of Mr. Plummer from leave of absence on the 24th February these observations, which were previously made by Mr. Figg, have all been made by him. No altera. tions have been made in any of the standard clocks during the year and the going of all has been fairly satisfactory. There were two failures of the Time-ball during 1906. On the 26th July the ball was prevented from falling intentionally because a flash of lightning occurring about 8 seconds before 1 p.m. bad reversed the magnetism of the galvanometer and it was impossible to judge whether any other damage had been done. On the 2nd June the ball was also intentionally prevented from fall. ing but that was owing to a mistake the part of the observer in charge. Ou twelve other occasions the ball
not hoisted. A new site for a time-ball tower has been selected on Signal Hill near the meridian of the transit instrument. The plans for the new tower have been approved aud its construction is proceeding. It is much taller and roomier the old tower and other improve- ments have been introduced based on twenty- three years experience. An eight-inch raingauge was fixed by me in the Police compound at Taipo about ten miles to the North of this Observatory. The total »mount of rain it measured for the year 1906
was 89,99
The Manager reports that the number of lamps, fans and motors connected to the Com. pany's Supply Service on the 1st April was equivalent to upwards of 44,500 lamps of R candle power. 85 Arc Lamps are maintained by the Company and 20 Electric Lifts are being. operated by the Power Service,
than
Was
on
or about a fifth more than at this Observatory,
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The new system of Underground Feeder and Distribution Cables was completed and brought into service during the last Summer, displacing the old overhead distribution in the centre of the city with very satisfactory results. A new Water Tube Boiler was erected at the Generat ing Station during the Autumn, giving increased facilities for dealing with the Winter lighting loads.
A considerable amount of work has been dous preparatory to the reception of two Diesel Alternator Sets of 300 H.P. each. A site has been levelled on the terrace at the back of the Station, on which will be placed the Oil Storage Tanks and Water Cooling Apparatus, and the west end of the Engine Room is at present undergoing reconstruction in order to provida space for the erection of these Diesel Engine Sets,
Directors- accordance with the articles of association, Messrs. A. 9. Wood and G. H. Medhurst retire, but, being eligible, offer themselves for re-election.
Auditors. The accounts have been andited by Messrs. G. G. 8. Forsyth and F. Maitland in place of Messrs. C. W. HaDy and W Hutton Potts, who are absent from the Colony. Messrs. C. W. May and W. Hutton Potts offer themselves for re-aleation.
A. G. WOOD, Chairman.
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¦
down
107,881.28
$110,449.72
THE MISSIONARY CONFERENCE.
MUCH TALK OF UNITY."
As we cannot pretend to spare space for anything like full accounts of the Missionary Conference at Shanghai, we adopt the eclectio method. The first day. April 26th, being devoted to talk about “ anity" in founding A Christian Church for China, we give the following extracts, not quite coherent, to show that; as Omar might have said, while unanimity was meant, there was instead “much' argument", and that the missionaries came out as in they went."
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Dr. J. C. Gibson of Swatow said at present they were not founding one Chinese Church bat many, and the Committen felt that this ought not any longer to continue, that they ought not to go on planting and organising different Church bodies. Omitting General Societies like Bible Societies there were some fifty mission bodies at work and till lately | at lest they had been planting fifty Chinese Churches. The Committee was sure the Con- ference would my with one heart "This in ¡ future shall not be." Their divisions balked largely in the public eye. They were pointed to by writers of the Roman Church. They disturbed the minds of the Chinese Churches, though to a leas extent than was often alleged. There was a reel danger that both to their own mind and in the minds of friendly and unfriendly orition these differences would be greatly exaggerated. The Committee asked them, therefore, to begin the Conference with a frank and earnest declaration in the eyes of the world that they were one, [Such a declaration, in addition to being “frank and earnest," would be no worse for being true.] These resolutions esme up with the entire concurrence of the Committee on Comity and Federation. One other explana- 1,757.29 tion he had to make sad he did so with regret, and that was that there was not a member of the Baptist Churches on the Committee. He had endeavoured to correct this by conferring with the brethren of the Baptist Churches and the Committee hoped to keep their language within bounds that all might agror, but they found that there were some things which were
not malisfactory to some of the Baptist brethren. The Committee hojed -$424,190,80 ' that unity would be attained by sending bik
Hongkong. 29th April, 1907. STATEMENT OF ACCOUNT FEBRUARY tu, 1907.
*
Capital : -
LIABILITIES.
61,000 shares each $10 paid up $600,000,001 Less call unpaid on 9 shares
at $3.00
Sundry creditors
Dividends unclaimed
Suspense secount
Balance of profit and loss recount
account
43.00
- 3509,955,00
BA
ABET.
per
last
$392,392, 19
Plant, cost of.
Less amount provided for
preciation
A now Halliwell raingange has been worked | Cost of plant, since added throughout the year at the Observatory, and has
42,392.48
$354,000.00 74,129.80
4,560,0) 4.697.45
119.449.72
$721.419.48
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