will be made on 81st July, 1907, from which date the shares will be dividend bearing pro rata to the amount paid up thereon. Eince printing the report and statement of Accounts, the Hon. Mr. W. J. Gresson has resigned his seat on the Board and Mr. H. Keswick bas accepted the invitation of the Directors to all the vacancy thus caused. The retiring directors who offer themselves for re- election will therefore be Hon. Sir Paul Chater, C.M.G, Dr. J. W. Noble, and Messrs A. J. Raymond, G. C. Moxon and . Keswick. 1 have no further remarks to make, but if any shareholder has any questions to ask I shall be pleased to answer them.
No questions being asked, the CHAIRMAN proposed the adoption of the report and accounts as presented.
Mr. TAREANT seconded, and the motion was carried.
"The CHAIRMAN proposed the re-election of Sir Paul Chater, Dr. J. W. Noble and Messrs. A. J. Raymond, G. C. Moxon and H. Keswick a directors.
Mr. Wong seconded the motion, to which shareholders' agreed.
Mr. CLARK proposed, and Mr. RAYMOND seconded the motion reappointing Messrs. W. H. Potts and A. R. Lowe auditors. Carried
The CHAIRMAN-That is all the business, gentlemen. Thank you for your attendance. Dividend warrants are now ready, and can be had at the office.
The report of the directors for the period from 19th October 1905 to 30th April 19 7 (inclusive), was as follows :
*
Gentlemen, -The Directors now beg to submit to yon their report and statement of accounts for the period from 19th October 1905 to 30th April 1907 (inclusive),
The Net Profit for that period, after providing for loss on sub- sidiary coins, amounts to From this bave to be deducted :- Remuneration to Direc-
tors
***
Remuneration to Gene.
$3,840.000
ral Managers, 5 per cent on groes earnings 7,335.08
$43,830.71
THE HONGKON › WEEKLY PRESS AND
1,175.08 |
Leaving available for appropriation 32,655,63
The Directors recommend that a dividend of one dollar per share be paid to shareholders, absorbing $25,000.00, that $5,000.00 be written off Stations and Shelters and that the balance of $2,655.63 be carried to a new profit and loss
socount. Į
DIRECTORS,
Messrs. C. W. Dickson and C. Ewens having resigned, Hon. Mr. W. J. Gresson and Mr. G. C. Moxon were invited to occupy the vacant seats on the Board. In accordance with rule 73 of the Company's Articles of Association, Hon. Sir Paul Chater, C.M.G., Hon. Mr. W. J. Gresson, Dr. J. W. Noble, Mr. A. J. Raymond and Mr. G C. Mozon retire, but being eligible offer themselves for re-election.
AUDITORS.
In the absence of Mr. W. H. Potts from the Colony, the accounts bave been audited by essrs. A. R. Lowe and '. Maitland. Mr. Potta and Mr. Lowe offer themselves for re-election.
HENRY HUMPHREYS,
Hongkong, 18th May, 1907.
Chairman.
PROFIT AND LOSS ACCOUNT. From 19th October, 1905 to 30th April, 1907.
To maintenance and repairs.
BALANCE SHEET at 30 th April, 1907.
LIABILITIES.
Capital account:-
75,000 shares of $10.00 each... 750,000,00 Less unissuej
50,000,00
Mortgage R. B. Lot No. 80 Sundry creditors Profit and loss account.
ASSETS.
Less written off
C.
By accounts receivable
250,000.00
[May 27, 1907,
11,000,00
155,700.00. 2,525.89"
25,897.44
858.75
000:00
By Hongkong and Shanghai Bank..
By Hongkong and Shanghai Bank No. 2
account
29,000.00 | By Hongkong Hotel debentures
12,249.88 By Hongkong and Kowloon Wharf and 43,830.71 Godown Company, Limited, loạn 75,040.06
By Cash in hand........
$335,080.59 $ 0. Permanent way and concession (old line)... 200,000.00 Permanent way and concession (new line) 43,629.29 Statious, Crown leaseholds and buildings (Inland Lots 1,317, 1,333, 1,334, 1,385, 1,853 and R. B. Lots 80 and 86) Rolling stock Office furniture...
Coals and stores in hand Sundry debtors
Cash in Hongkong and Shanghai
Bank
Cash and compradores' orders
in hand
PROFIT AND LOSS ACCOUNT.
109.00
$290,681,58
To ordinary repairs and alterations............... 10,113.54
cost of making good damage to wharf
&c., caused by typhoon of 18th Sept. 9,324.05 Insurance fund
8,250.00
Directors' and auditor's
13
39,034,29 29,732.46
*
་་
Balance appropriated as follows :—
125.00
884.69
foca
8 1,100.00
955.45
Dividend of 10 per cent.
× C. 16,892.16
3,830,35
Written off hoats....
15,000.00 .11,000.0).
137.91
27,287.91
20,722.5)
$335,080.59
$ 54,984.50
THE "STAR" FERRY COMPANY, LIMITED.
The Report for presentation to Shareholders at the Ninth Ordinary Annual Meeting to be held at Messrs. Gibb, Livingston & Co.'s Office, St. George's Building, at 12.15 p.m, Wednes. day, May 29th, reads:-
The Directors have the pleasure to submit to Shareholders their report, with a statement of accounts, for the year ending 30th April, 1997.
ACCOUNTS.
The nett earnings of the boats, after paying all working expenses and providing for a loss of $9,866,64 on subsidiary coins, were $48,022.80 as against $42,998,13 laat year, being an increase of $5,024.67.
The amount at credit of Profit and Loss account, after paying for repairs and placing $8,25.00 to credit of Insurance Fund, is $.7.237.91 which, with the approval of Share- holders it is prop sed to appropriate as follows:- Directors' and Auditor's fees
$ 1,100.00 Dividend of 10 per cent.
15,000.00 Write off boats
11,000.00 137.91
Carry forward to new account
BUSINESS.
$27,237.91
Passenger traffic, more especially first class, shewed a falling off compared with the previous year, due in large measure to there having been fewer steamers at the Wharves since the typhoon of September last.
|
|
Carried to new account..
By balance from last account.................
Nett earnings of boats....... Interest
1. Scrip fees
$ C. 218.94
48,021.80 6,501.76 26.00
Unclaimed dividends forfeited
185.00
$ 54,994.50
RESERVE FUND.
$65,000.00 $65,000.00
To balance
By balance from last account.
INSURANCE FUND.
To cost of making good damage of boats caused by typhoon of 18th Sept. Balance
By balance from last account Profit and loss account..........
11
1,771.53 39,436.37
$ 41,207.90
$ C. 82,957.90 8,250.00
41,207.00
EUROPEAN ATTEMPTS SUICIDE.
Miss Ina Benson, barmaid at the Praya East Hotel, attempted to take her life by hanging, in her room at the hotel at midnight on May 21st, Fortunately she was discovered in time, and she was cut down, recovering herself in about five minutes' time. It appeared that on Tuesday night she had been in the bar and was asked by her employer to play the piano. She did so for some time, and then ceased. A little later" she was asked by him to play again but she did not feel inclined, and said so. anuoyed her employer who is reported to have This apparently informed her that if she would not "do her whack" she had better get out. She replied that she would get out, and immediately went up-stairs to her room. Apparently a suspicion another man went up to ascertain if anything was aroused that all was not well, and when
was wrong, he found the door of her room locked.. By elimbing he was able to look over the partition and was horrified to find the young woman hanging from the bed post with a rope round her neck. The door was at once burst
In accordance with the Articles of Associationsciousness in a few minutes. She was taken to open and she was cat down, recovering con- Mr. A. G. Wood retires but offers himself for the Hospital. Afterwards she will have to re election,
conduct. appear before the Magistrate to explain her rash
TYPHOON OF 18TH SEPTEMBER, 190'. All five boats escaped but were more or less damaged. The guide piles at Ioe House street wharf and the erections on the wharf were swept away. The cost of making good damage occasioned by the typhoon was $11,105.58 of which $1,771.53 (being the amount spent on the boate) has been debited to Insurance faud.
DIRECTORS.
Hon. Mr. C. W. Diokson having_resigned, his place was taken by Hon. Mr. W. J. Gresson whose appointment requires confirmation.
AUDITOR.
Mr. F. Maitland in the absence of Mr. W. H. Potts has audited the accounts now presented. Mr. W. H. Potts offers himself for re-election.
C. P. CHATEE,
Chairman. BALANCE SHEET, 30th April, 1907.
LIABILITIES.
Dr.
To coals and stores....
$ c. 19,612.48
To charges........ ...............
6,106.16
To rates, Crown rent and fire insurance
2,108.54
To capital-
10,000 shares at $10 each fully 9,707.06 paid up
e.
100,000.00
To salaries and wages
36,292.05
50,000.00
To mortgage interest on R. B., Lot 80.
3,115.82
To legal expenses
To allowance to General Managers to cover
office rent and clerks' salaries.
Ta balance...
10,000 shares at $10 each $5
paid up
16,718.60 To reserve fund
To insurance fund
0,209.68 To unclaimed dividends
43,830.71
$146,701.70
ür.
$ c.
By traffic receipts (after deductng loss ou
subsidiary coins)
140,999.61
By advertisement rents.
844.51
By rent account
482.17
By transfer fees
By interest
7.00 4,368.41
$146,701.70
To accounts payable
To director-"and auditor's fees To dividend
To balance of profit and loss acocunt
ASSETS.
By value of boats as per last
account Since exponded....
$ c. 165,000.00 1 700.00
166,700.00
$ 0.
150,000.00 65,000.00
BRANCH POST OFFICE FOR WANGHAI.
-
Before the Legislative Council on the 23rd May, the Director of Public Works laid the report of the proceedings of the Public Works Committee beld on the 18th inst. There were present: Hon. Mr. W. Chatham, Director of Public Works, chairman; Hon Mr. C. Mo. I. Messer, Colonial Treasurer, Hop. Messrs E. A. Hewelt, E. Osborne, and W. J. Gresson The Chairman explained that the opinion of the Committee was desired on the question of the site upon which the branch post office should 39,486.37 be erected. It was originally intended to alter 858.75 Nr. 3 Police Station, in Queen's Road East, 18,548.55 to adapt it for a post office, but the building
1,100.00
was found to be in such a defective condition 16,000,00
that it was ordered to be pulled down. The 137.01
Postmaster General had since represented that $290,081.58 it would be preferable to locate the post office, on the Prays, and bad suggested that it should be in the vicinity of No. 2 Police Station. After discussion, it was unanimously agreed to re- commend that the building should be erected on the reclamation adjoining No. 2 Police Station,
$ 0.
No comments yet.
Private notes are available after approval.