October 14, 1907.1
Chapman, V.D.. Major Macdonald. Captain Thomson, R.G.A., and Mr. E. 8. Carruthers. The scores were:-
200 A DS. Captain G. P. Lammert * Sergeant R. Lapaley Corporal Marshall * Gunner J. C. Coles * Mr. A. Jenking * * Mr. J. H. Pidgeon * * Mr. J. C. Gow ** Q. M. S. English † Sergt. Sayers t Sergt. Lawrence † †
Total
Lammert...
Lapsley
Marshall
Coles
Jenking
Pidgeon Gow... English
Sayers Lawrence
Lammert Lapaley
Marshall.
Coles
Jenkins
Pidgeon
Total
10
500 YARDS.
COO YARDS,
4
CHINA OVERLAND TRADE REPORT.
COMPANIES.
HONGKONG AND KOWLOON WHARF AND GODOWN CO. LD.
!
(4)·4445444–29 (5) 5544544-31 (5) 4446455-31 An extraordinary general meeting of the (5) 5545445—32 Hongkong and Kowloon Wharf and Godowa (4) 4555555--34 Co., Ld. was held at Messrs. Jardine, Matheson (4) 4544455—31 and Co's. office, King's Building, on Oct. i (5) 4455515–32 9th. Hoo
Mr. H. Keswick presided and (3) 4444543–28 there were also present Sir Paul Chater, (4) 5545344–32 Messrs. A. G. Wood, G. H. Medhurst, A. (3) 5554445-32
Cousland, A. Haupt, A. J. Raymond, C. R. Lenzmann, C. Fuchs (directors). Hon. Mr. E. Osborne (secretary), and Messrs. P. C. Potts and Ho Fook.
..312
4545555-33 (4) 5555555—35 (4) 3343455 - 27 (5) 5554144–31 (5) 3425455-28 (4) 6555346– 32 (2) 5454445-31 (3) 3154415-29 (5) 1554555-33 (6) 5534555 - 32
A
...311
(4) 4445444—29
(5) 556535-34
(4) 5543555-32
(5) 5545452—30 (2) 5544554-32 (5) 5555554–34
(5) 5344533-27 (3) 5555335-31
(5) 5544555-33 (6) 5545545-23
...315
600 Total.
100
Gow...
English
Sayers
Lawrence
Total
AGGREGATE,
200
500
Lapsley ...31
35
3-1
Sayers
...32
33
33
98
Pidgeon
...81
32
31
97
Lawrence
...32
32
33
97
Jenkins
...34
28
32
04
Coles ...
...3%
31
20
93
Lammert
29
33
29
91
Marshall
...31
27
32
Gow
...32
31
27
00
English
...28
29
31
88
Grand Total
...938
*
11
Hongkong Volunteers.
00
The SECRETARY read the notice calling the meeting, and the following resolutions which were submitted for confirmation :-
1. That the capital of the Company be increased from 82,000,000 to $3,000,000 by the creation of 20,000 new shares of $50 sach.
2.-That such new shares be issued at par and be offered to those persons who are registered as shareholders of the Company on 1st December, 1907, in the proportion of one new share for every complete two sbares beld by them on lat December, 1907.
3-That the amount due for the new shares shall be called up on 31st December, 1907.
The CHAIRMAN moved that the resolutions as read be confirmed.
Mr. POTTS seconded, and the motion was carried unanimously.
The CHAIRMA
I hank you gentlemen, that is all the business of the meeting..
WILLIAM POWELL, LIMITED.
The sixth ordinary yearly meeting of share- holders in William Powell, Ld., was held at the Company's offices, Alexandra Buildings, at noon on October 12th. Mr. E. H. Hinds presided, and there were also present Mesars. H. Eyre (manager), G. C. Moxon, H. Jillings, J. A. Seth and J. M. Wong.
The MANAGER having read the notice calling the meeting,
The CHAIRMAN said-Gentlemen, the report and accounts for the past year's working having been in your possession for some days, Ï will, with your permission, follow the usual custom and consider them read. You will notice that the nett amount at credit of profit and loss account is $2,697 which it i proposed to deal with by writing off stock $1,500, bad and doubtful debts $1,099.19 and to carry the 1889: Shanghai, 819; Singapore, 777; Hong- balance forward. You will also notice that kong, 774.
** Volunteer Reservos.
+ Third Middlesex Regiment.
++ Royal Engineers.
The complete record is as follows:-
1890: No match.
1891: Hongkong, 867; Shanghai, 830; Singa- poro, 741.
1892: Hongkong, 836; Shanghai, 810; Siuga- 1893; Hongkong, 822; Shanghai, 802; Singa-
pore, 752.
your directors recommend that the sum of dividend fund be absorbed and that the stock 24,500 standing to the credit of equalization of
having been invested in the business of the be written down accordingly. This item
Company, is not of a liquid nature, and, presuming that it was utilized for the purpose of paying a dividend, it would make our indebtedness to the Bank larger by this amount, 1895: Singapore, 934; Shanghai, 903; Hong. On these grounds we trust it will meet with kong, 879.
your approval. It would perhaps be as well to 1896: Hongkong. 916; Shanghai, 0; Singa-state that the amount at credit of investments
pore, 768.
1894: Hongkong, 823; Singapore, 817; Shang- hai, đ60).
pore, 870.
1897: Singapore, 934; Hongkong, 916; Shang- hai, 880.
1898: Hongkong, 934; Singapore, 923; Shang- hai, 893.
1899: Hongkong, 952; Singapore, 926; Shang-
hai, 887.
1900: Hongkong, 930; Singapore, 209; Shang. hai, 900.
1901; Hongkong, 901; Singapore, 884; Shang- hai, 841; Penang, 721.
1902: Shanghai, 926; Singapore, 893; Hong- kong, 870; Penang, 871.
1903: Singapore, 927; Shanghai, 915; Hong- kong, 891; Penang, 750.
1004: Singapore, 919; Hongkɔng, 919; Shang hai, 908.
represents 5 shares in the Union Insurance Society of Canton; these were bought for the purpose of obtaining the bonus on contribu- tions to shareholders. The dividend and bonus more than covers the interest on this amount, whilst the present market value is considerably in excess of that appearing in the account. Your directors very much regret that they cannot recommend the payment of a dividend"; business throughout the Colony has been abnormally slack but, notwithstanding that we hara hid to meet increased competition, it is gratifying to know that our turn- over has been almost equal to the previous year, a proof that car store maintains its standing and popularity, and we have every resson to hope that with changes and economies which have been effected, the Company will
1905: Hongkong, 923; Shanghai, 889; Singa- pore, 800.
1906: Shanghai, 936; Singapore, 909; Hong-return to a dividend paying stage next year. kong, 891; Penang, 82).
His Majesty the King has not been advised to exercise his power of disallowance with respect to the following Ordinance :-Ordinance No. 10 of 1907, entitled-An Ordinance for giving to a Foreign Company called the Nederlandsche Handel-Maatschappij certain facilities for carrying on its business in, the Colony.
Our manager who has just returned from Europe informs us that we are well stocked with made at home of fancy articles, we are in a posi- up to date goods, and with the selections he has tion to cope with the demand which is sure to come so soon as this wave of depression has passed over. Gentlemen, that is all I have to ay, but I shall be pleased to answer any ques. tions shareholders may wish to put.
|
245
There were no questions, and the CHAIRMAN moved the adoption of the report and accounts as presented.
Mr. WONG seconded, and the motion was agreed to,
Mr. WoNG proposed the reelection of Messrs. E. H. Hinds and G. C. Moxon as direotors.
The proposition was seconded by Mr. EYRE, and confirmed.
the motion of Mr. Moxon seconded by Mr. Mr. Percy Smith was reappointed auditor on
JILLINGS.
The CHAIRMAN-Gentleman, that concludes add that dividend wa rants will be handed to you the meeting. I am very sorry not to be able to on application, but I hope next time we mest we shall be in a better position. Thank you for your attendance.
CANTON INSURANCE OFFICE, LTD.
The report for presentation to the share- holders at the twenty-sixth ordinary meeting on 25th October reads:
The General Agents and Consulting Com- mittee beg to submit to the shareholders the final sccounts for the year 1906.
1906 Account-The amount standing to the credit of this account is $486,939.27, out of which it is proposed to pay a dividend of $20 & share, absorbing $200,000.
The balance of $286,959.27 it is recommended be employed in the formation of an account to be called "Underwriting Suspense Account” and to further augment this by the transfer of $115,000.00 from the reserve fund, The reserve fand will then stand at $1,560,00,00 and the underwriting suspense account at $401,959.27,
Consulting Committe.-Since the last meet- ing Mr. D. M. Nissim resigned his seat on leaving Hongkong and Mr. E. Shellim was invited to fill the vacancy.
The Hon. Sir Paul Chater, C.M.G., Mesars. F. Maitland, H. P. White, E. Shellim and themselves for re-election. G. C. Moxon retire, but being eligible, offer
Auditors.-The accounts have been audited
by Messrs. B. Percy Smith and A. R. Lowe.
Mr. W. H. Potts, one of the auditors elected Colony, the consulting committee invited Mr. at the last ordinary meeting, having left the A. R. Lowe to fill the vacancy. In accordance with the provisions of the Artioles of As300ia- tion the appointment has to be submitted for approval at the next ordinary meeting.
Mr. H. Percy Smith and Mr. W. H. Potts being eligible offer themselves for re-election.
JARDINE, MATHESON & CO., LD.,
General Agents. STATEMENT OF ACCOUNT For the year 19 13.
LIABILITY ES.
Capital-10,500 shares of $250 each
$2,500,000 of which $50 per share has been paid up Reserve fund Re-insurance fund
Outstanding dividends Accounts payable Balance of working account, 1906
ASSETS.
Cash, on current account with Hongkong and Shanghai Banking Corporation. Fixed deposits, with banks in ongkong Mortgages on property in Hongkong and
Shanghai Shanghai and Hongkew Wharf and (lo-
down Co.. Ld., debentures Chinese Imperial Government Loan, 1886 United States Bonds, (4 per cent. Losu,
1925)
J
apanese Government Gold Loan Japanese Government deposit.-
Consolidation bords Imperial bonds War bonds....
C.
500,000,00
1,675,000.00
219,058.37
10,853.00
178,269.52 486,959.27
$3,070,183.16
$ 0.
12,883.87 236,000,00
2,185,084.07
66,666.67 40,658, 17
400,000,00 47,000.83
$58,066.04
12,791.36 23,993.15
92,850.55
$3,070, 133.16
$ 0. 1,287,742.95
WORKING ACCOUNT, 1906. Losser and claims paid Charges, including directors', auditors' and survey fees, agents expenses, &c. Commissions
Exchange
Balance as above.
85,839.67
127,907,53
11,387.56 488,950.27
$1,900,835.97
:
No comments yet.
Private notes are available after approval.