98
Have all the debts we owed been settled?-- Since the end of September I have paid off what I could.
His Lordship-What did you do with the $900?-Used that for paying debts
Plaintiff You've got here an amount due to the compradore; has that been paid ?-When we closed the business we owed him $196.40 since I have paid him $150 in settlement.
All these accounts are paid?-All with the exception of 868 still owing.
|
THE HONGKONG WEEKLY PRESS AND
Mr. G. H. Midhurst, Mr. C. K. Leuzmann but and Mr. H. E. Tomkins retire in rotati»n, being eligible for re--lection, off or the us-lves accordingly.
AUDITORS.
By balance 30th June 1907, £1,00 1,000
at or
By part of
24 mg at er 2 -.
[February 8, 1908.
$10,00 1,000,00
premium 01 Dow⚫hares
tinvested in sterling securition.)
5,000,000.00
$15,000,000 00
KILVER RESEKVE FUND,
G. H. MEDIC ST. Churmau
To badan o
$13,500,000 00 $13,600.000,00.
By baltus. Vth June. 1907,
$11,750,000 00
500,000.00
$13,500,000.00
The accounts have been audited by Mr W.
ho offer i Hutton Potts and Mr A G. Wood them-eirs for reeket o
Ingong, Ph Panar, 108
*B-TRACTOR ASSETS AND LIVRTLETTES dist. The suber, 1*7
LIARIS 1: {} ~.
Park-up caja"al
},8!, tr! ་ ་ ་
Mr. A, R. Lowe, chartered accountant, stated that from the books he found the balance da was the other way about, there being about $800 due from the plaintiff to the defendant.
At the request of the plaint ff Mr. Lowe then briefly explained the accounts and showed how! Stering reserve fan 1, £1,700,000 at ex 2 - 1900, 0.00 the amount due by the plaintiff was arrived at. Plaintiff I don't altogether agree with that way of book-keeping, but he is a charter. d accountani-
His Lordship-I will tell you you cinuof possibly succeed in this ac ion, you shou'd have brought a partnership actiu.
Plaintiff I claim it was not a partnership. His Lordship-But it is, and f you have niy sense at all you won't go on with a partnership case for the accounts are dead agai: st you.
Plaintiff-The account reud-red to my I am showing is not correct.
His Lordship-You have not shown it yet. Plaintiff-1 am showing that $120 has not been paid.
His Lordship-Surely you don't say it is incorrect when the defendant gets 860 kuocked off in your favour ?
Plaintiff The original agreement betw en us was that he was to py in the capital, and I was to get a one-third share.
His Lordship-That agreement WON not carried out. You paid in 85 by your own #howing. I shall not trouble any further.. Judgment and costs for d-fendant, I don's think I would go on with the next caso if were you.
HONGKONG AND SHANGHAI BANKING CORPORATION,
The eighty-fifth report of the Court of Directors to the ordinary half-yearly general meeting of Shareholders to be held at the City Hall, Hougkong, on Saturday, February, 15th reads as follows:
To the Proprietors of the Hongkong and Shangbai Banking Corporation.
|
|
Silver reserve bund Mare Liar Lage unt Notes in relatiu
Authorise{j=
Rrities and can diss. poesites with them rosn agents for the colonne an l their t:n-dres A batrod pesu - math a nad ty Honk g
rean helgel with the Hongkong Gaerum ut
Current and an ite
Goel gip VUK DI
Fried dege--[-.
Shr
Qin, 1. £E - DEPAR
Ball:
1750
STALL, 283M
11043 000 00
*
By balance of prominm ou new share: 1,251,9000,00 By transfer from profit and loss account
COMMERCIAL.
The Yok-li una Foreign Board of Trade, dated Yok hatua, January, Eštu, 148, has the following:
IMPORTY,
Caton Yarn, -At this present moment there is no bu-mess, but there soom › to be a better feeling and busams may revive with slightly reduced quidations. Cotton Preec Gale- No life in the makes it present, there being little or no business repeated sine the New Year. Woollens and Wolle a Mixture. -Stocks hoary and clearances lesa. Textiles tienerally.-Owing to thể tight- meas of bar in ney market, and in some measura t- the uncertainty regarding a proposed altera- tion in the Cnsiemprion Tax of Woollens, dealers 1.6306,71412 | adopt a waiting attitude. Raw Cotton.—On ant of the tall in silver, spinners are not yet inclined to pay the prices asked by the American ginners, the market, however, may improve in te near future Rice -114 are mnt of the high raling abroad there have been no trans- pri
M-tal -Dae beginning of business for the New Year have beson marked by smaller book- ings than usual, and while the market seems less nervous than at the end of the year, there has In such a shrink gaf valum na to indueo dedi- ty at very exutimsly with respect to a future requirements. Kerosene Oil. -Owing to the Now Your demand is surall, and prices まっ by linel si zhily, Sugar.—Owing to the
-37.12.17 M
4. H. Vanava
uulng dratte en 1, an-
1.-1
I
11
* ; Profit and less amant Liability on bills of Evetange resis
contel. £7, 109.10 Ge 21 of wi T DENGIZGA, 89, 91 have emne zum efT
Ca-b
A-EX-
G
- 1
Com fried with the Hok
J
#
CANNON de can a
Hallom a . han handen te meit
!ob is thomwa tt úgy epoper
c1, usjenu -, ju pevate t
15
SAR
"
37
th
· ་
anti meteliervise in the g musumption tax buy-
ingdalen brisk, Sticks at the present mennent Pilar.—St - kon hand is about 200,000 Market is hieles. Wheat. —Ordori aro smdi on avant of two high prices ruling in prdings untrues,
Ki F KT RAW SILK.
Since our last report, dated the 24th December, mark this ruled firin and a fair "new year's Intsiness has beson done, mostly for America and by Japan
exporters.
Cortesels, Cup ni
Storing resets. turi meratament
LUU 20
...f which $264,000
1
with the Bank of England as
Sparta 1. min
jerest Natoon. Wa.. 1. at
200
1.
written dewa ta...
£205,009
Gentlemen, The Directors have now : submit to you a general statement of the £19,000 other Sterling Semt affairs of the Bank, aud Balance Sheet for the half-year ending 31st December, 1907.
The net profits for that perio, including $1,797,167.54, balance brought forward trom last account, after paying all charges, deducting interest paid and due, and making provisiu for bad and doubtful accounts, amount $4,942,974.06.
10
i
The Directors recommend the transfer of $500,000 from the Profit and Loss Acc unt le credit of the Silver Reserve Fund, which Fund with the addition from the premium on the i new shares, will then stand at $18,504, tRE
After making this transfer and deducting remuneration 10 Directors there remvius fr appropriation $4,427,974.06, out of which the Directors recommend the payment of a div.derd of two pounds sterling per share on the old shares, and a proportionate dividend, or 002 pound and ten things sterling per share on the new shares, viz. : 1220,0 0—which at 1 the rate of the day, will absorb 82,427,5-6 21
The balanc- $2,000,387,-5 to be carried to
and loss acerunt, new profit
CAPITAL.
The shares of the new issue have all ben allotted and paid for in full: the capital now stands at $15,000,000, aud from the premium on the new shares the sterling reserve fund has been incre ised by £50 1,0 k) and the Silver Reserve Fund by $1,250,000,
DIRECTOR ·
The Honourable Mr. 1. Keswick l as been elected Chairman for the year 19 S, and Mr. E. Goetz, Deputy Chairman.
Mr. A. Haupt, having resigned his seat on leaving the Colony, Mr. G. Friesland has been invited to fill the vacancy; the appointment requires confirmation at this meeting,
་
WASTE AIR,
Upto thred of lest year our inarket was fairly Live, bet par takes being restricted to only a 193 Prices ar inclined to be weaker. Its trou Do, 24th to Jan. 6th, 2,700 ital Settlements from July 1st to Jan. 11. 12.890 per uke Stk on Jan. 7th estimated at 23, k I ul.
"
P
B's decent beds anden 1.
Back prota****
1.772 20
222,157,070 29
Dr.
GENERAL PROSTLE AND LOSS A HUNT. De ember dist. 194. Toate to written o Bention to Pure Kers
Taqmani, kar muat
P'esporta nude laibyl,
By
-6.65
201
C
To transfer to silver reserve bunl
To fialaze forward to next lead year 2. *
.ť
m... i
By Ba
Both J. 197 $1,707 kui ot pro!
! ... feet fronts for the A igor Alisa belitug 3ast Devetuber 13 7, after miking PROVISORE for bat and doubitul denda, dedusting all and interest
Paid and day
-TERLIN, GE«ERVE YANK To balance. 11,5000 mal ei
$ADULT DE 0.
$15, 449 620
GENE AL EXPORTS.
P4941. - 8. ks are nesriy exhaust så and for transitoms are reported Coppe.—Phonaly sales reported are about Britons Furukawa Bessemer.
YARN.
return ol
Mr. P. Eluljer, in his Report dated Hong-
Th Februa y. 1904,
- With the the
pries appear To hire tombed their lowed print, for on the dedure to make teir New Year "congratulatory ** pud pass, Tester prieve were offered. During the late pened or depression stocks in the interior were practi- cal sevinmestel, and dealers no☛ find themselves at a disadvantage in a rising market. Some hollers ro- Gave to sell at current rates which show a further sppreciation of $1 to $2 per tale on late quola- Teports from the country are vutisfactory, the veiny set lements of servants haring powd vil tere waliout dili ulty, and proportionate endudeme is here appareut. With small recipts and larger vil takes stor ka nuow a casiderable decrea ON LINE 4stimate Taniny is reported strong. The market Kiemens steady and tending upwards. Salem 14 TEX tae nuperval aggregate 7,491 tales, ar- rivals amount in 6,977 tales, uns old stock estimated at 10 and -cld but uncleared a ock in second ards at 2,000 balex. Local Manufacture: —Sales of feat lades No. 10c at $59 to $90 are reported
Yarn:-The business of the interval emprises the sale of a amoll parcel of 83 talen No. 28 at $.31. Raw Cotton :—At a decline of 73 cents per puil a gol busine has been done in supervor grades and 793
supertine Pencils have beu taken
up at 121 to $244. Malium and Com are still unmile stile. In China kinds. 150 taka bare changed hands at $344,
tales
tew
1
!
1
No comments yet.
Private notes are available after approval.