August 10, 1907.]
June 30, 1907,
Amount of Capital, 80,000 Shares of $15
LIABILITIES.
each fully paid up
Do.
at Credit of Depreciation
and
Insurance Fund
Do.
at Credit of Equalization of Di-
vidend fund
Do. at Credit of Investment Fluctua-
tion Account ....
Unclaimed dividends
Sundry creditors
Amount at credit of profite and A'c.
June 30, 1907.
C.
1,200,000.00
550,000.00
250,000.00
86,989.63 3,889.0- 24,013.91 130,751.59
PROFIT AND LOSS ACCOUNT. Dr.
To Amount paid for repairs to
C.
103,963.24 4,250.00
$2,245,724.13
$
steamers Amount paid for repairs to steamer Heungshan account typhoon damage
$59,334,89
44,628,35
Directors and auditors' fees Dividend of $1 per share on
80,000 shares..
$30,000.00
་་
be written off book value of
Steamers
20,000.00
势要
be written off book value of
properties
1,150,00
be written off book value of
"
wharves
2,500,0
19
be carried forward to new
account
27,101 59
June 30, 1967.
Cr.
By Amount brought forward from last
account
"+
Net earnings of steamers
71
Interest on investments
13
Transfer fees
"
and insurance fund
Amount transferred from depreciation
130,751.59
$238,964.83
c.
20,170.08 135,225.48
33,492.79 76.50
50,000.00
$238,964.83
DEPRECIATION AND INSURANCE FUND. June 30, 1907.
C.
Dr.
$ To Amount transferred to profit loss A c... 50,000.00
Balance
"+
550,000.00
$600,000.00
0.
December 31, 1934. Cr. By Amount at Credit.
8
600,00 0.00
$600,000.00
EQUALIZATION OF DIVIDEND FUND.
June 30, 1907.
To Balance....
December 31, 1906. By Amount of Credit
Dr.
$
C.
250,000.00
250,000.00
c.
Cr.
$ 250,000.00
$250,000.00
THE SHANGHAI DOCK AND
ENGINEERING CO. LD.,
ANNUAL MEETING.
The first annual General Meeting of this Company was held at Shanghai on July 30th. Mr. J. Prentice (Chairman), said :—
The report and accounts having been in your hands for some days, with your approval, we will take them as read. We regret that the year's working shows such a poor result. This has arisen from several causes, the principal one being the dulness of the shipping therefore the dooking and repairing work fell off considerably, and also that during the year we have had no extensive repairs on ships in dock. As in all businesses such as ours the amount of work, and, therefore, of the profit, vary, and bad years must be met as well as good ones (anfortunately we have had more bad than good during the last
fow
bad
CHINA OVERLAND TRADE REPORT.
you. During the year, as you have seen, by the report, there have been many changes in the directorate. There are still two vacancies on the board, caused by the retirement of Mesars von Rücker and Groundwater, and we will propose latter on that Mr. Maoray and Mr. Freeman McBain (both of whom are cou- nected with firms who are contributors of bu siness) — be elected. Now as regards the manage- ment of the business:-for some years many of the shareholders have been of the opinion that it would be entirely better for the company that a manager should be appointed who would be entirely under the control of the directors. I have, therefore, resigned my position as manag· ing director, but will remain as a director and obairman of the company and can assure you that I will do my best to further the interests of the company in every way. We have appointed Mr. J. Grant Mackenzie as manager, and from my long experience with him, I can assure you a better choice could not have been made, Auditors. -The accounts have been audited by Messrs. Bingham and Matthews, who retire, but offer themselves for re-election. As regards the state ments of accounts as presente I this year and com pared with those published by the old company, it will be seen that sever I alterations hve been made with a view to furnishing the shareholders with as many details as possible. Tha land, docks buildings machinery, tools, floating plant, furniture, etc., have been shown under separate headings, instead of as formerly, when under each dock, land, dock buildings, etc., they were shown in one or two amouals. The only two items in the scoouuts to which I will refer are: 1st. The increase of Tls. 130 000 in the valas of machinery and lant at all establishments. This represents the value of the pumping machinery and plant formerly included under property accounts at the various docks. 2nd. Reserve Fand.-The reserve fund of Tls, 1000,000 is employed in the business of the company and is well covered by the value of steamers, lighters, engines and boiler, local investments, mortgage, machinery, stock of materials and is a good asset. night's "Mercury" there was & reference to Tis. 3,957.98, carried forward to new account last year. This was used to
In last
meet a claim ankaowa at the time the accounts were made out by the advice of the auditors. Before moving the adoption of the report and accounts I shall be pleased to answer any questions referring to them or the business of the company.
There being no questions the following resolutions were carried without comment:-
Proposed by the Chairman, seconded by Mr. A. M. Marshall: that the report and accounts of the company made up o April 30 last as printed and circulated, be adopted and approved, and the directors be authorized to pay s dividend at the rate of Tls, 3—per share to the shareh Iders on the register at date.
Proposed by the Chairman, seconded by Mr. J. Johnston: that Mr. H. J. A. Maoray and Mr. R. 8. F. McBain be elected directors of the
company.
Proposed by Mr. W. S. Jackson, seconded by Mr. F. E. Taylor: that Messrs. J. E. Bingham and F. N. Matthews be elected auditors for the current year.
The Chairman-That concludes the business of the meeting.
won
Mr. F. E. Taylor: Gentlemen,-Before we separate this evening, I wish to propose a vote of thanks to Mr. Marshall. Few shareholders know of the hard work, some of it very dis- agreeable work, that he has done in our interests; but while circumstances have til now prevented the results of his work from making themselves years), but 1965 hope that these manifest We shall tee the beginning of years may be followed by better
new era from to-morrow. His pluck ones and by increased prosperity to and determination have
the fight the company. We have made arrange- that commenced two years ago, and the Dock ments to effect a considerable saving in the Company is now on a sound and satisfactory working of the company. We have not suc-footing for the first time since the analgamation, ceeded in disposing of the Old Dook property and I feel sure that as long as we have him on and the property between the International the board, and if the shareholders will loyally and Cosmopolitan Docks as per the resolution support uim. our interests will be carefully passed by yon on November 1 last and confirmed guarded. We have had a most unfortunate on the 27th of the same month. We still have experience, and have been through a period of in view the disposal of these properties to great disappointment and even serious danger, the best advantage of the Company, and should but Mr. Marshall has pulled us through, and i пе at any time receive what we consider feel confident that we shall now regain our favourable offers, we will bring them before reputation and our business. I hope, therefore,
|
|
91
that you will join me in expressing our grateful thanks and in assuring Mr. Marshall of our complete confidence. (Applause,)
Mr. A. M. Marshall -Mr. Taylor and gentle. men: I am extremely obliged to you for your vote of thanks.
英
REVIEWS.
字 典
English and Cantonese Dictionary, Jos CHALMERS, LL.D. Seventh Edition, Revised and enlarged, by T. K. Dealy Queen's College, Hongkong: Kelly and Walsh Ltd. 1917. Au English and Cantonese Dictionary for the use of those who wish to learn the spoken language of the Canton provinces, was first pablished by Dr. then Mr. Chalmers of the London Mission in 1872. For thirty-five years the work has been, in its own sphere, one of the most highly approved aids to the acquisition of Cantonese by the non-Chinese student. That six editions were called for during the author's life-time is convincing testimony t› the value of the book. This weight of evidence is rather enhanced than lessened by the fact that the constitasnoy, to which an English-Cantonese dictionary appeals, is strictly limited.
It is nearly eight years since the death of Dr. Chalmers; and there was issued last week a seventh edition of this populer dictionary, revised and enlarged by Mr. T. K. Dealy of Queen's College. Hongkong.
Mr. Dealy brought to his task two important, qualifications: adequate knowledge and complete sympathy. As respects the former it is just to write that in and beyond the bounds of the Colony his reputation as an ardent and successful student of this dialect is thoroughly deserved; whilst in regard to the second we are pleased to note, from the preface of this new edition, that Mr. Daly was once associated with Dr. Chalmers in Chine:e studies, at the old London Mission house, where in former days local sinologues and ambitions students of Chiness were wont to foregather for readings and discussion. Recollections of Dr. Chalmers ' strong personality, his indefatigable industry and his sound methods are an abiding inspira tio to many who knew him.
use
1
Whether Mr. Dosly has made the wisest
of his knowledge and to what extent fellow feeling has ministered to succesS ia the revision of this dictionary are questions that may be safely left to the practised student to determine.
To point out the merits of a book of this kind ought to be to the well constituted mind a grateful and pleasing task. The defects noticeable in Mr. Dealy's work are not due to lack of knowledge or of industry or of patient attention to detail. What may be termed certain essential qualities of the lexicographer are in evidence throughout and they command res- pect. Romanisation and tone-marking show unstinted carefulness and accuracy. It may ba presumed that no English Chinese dictionary equal to this in balk will ever be free from errats in tone marking. These are sur- prisingly few in the pages of Mr. Dealy and those who know what it costs to secure such socuracy will socord it large appreciation. It should be noticed also that the form, manner and finish of the letterpress are nearly all that can be desired. edition illustrate anew the high class publish- The pages of this ing work for which Messrs. Kelly and Walsh have long been distinguished in the Far East.
Mr. Dealy's enlargements of Chalmers' are, we think, susceptible of markedly adverse criticism. In the first place the amplifications are not on a uniform scale. From A to M this dictionary is a reviset Chalmers. The additions or enlargements add 24 pages only, the new edition having under the frst half of the alphabet 187 pages, as compared with 163 in the sixth edition. For the roombles with initial consonants ranging from N to Z, Chalmers had in the last edition 133 pages whilst Mr. Dealy has 635, the entire book consisting of 824 pages as against 296 in Chalmers.
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