144
Canton Insurance office share, as per last
account,
120.00
Launch, 1st instalment of cost
5,725,441
Cash in hand........
1.119.03
llongkong and Shanghai bank on current
account.....
31,320.6
Furniture account
Hongkong and Shanghai Bank on deposit
85,300.00
To balance
81.10 372,432.74
Mortgages
86,000,00
Outstanding accounts
7.052.00
$595,623.53 ·
Account receivable
1:59.18
Cr.
Ice in stock
110,00
By premium account
Coal in Stock
600,00
Premium after deduction of
re-in.
Fire Insurance, unexpired premium
128.00
SATAUSCH
$12,222.00
By interest account
$360.814.71
PROFIT AND LOSS ACCOUNT For the Year ended 31st December, 19- 7-
To General Managers' Commission
To Auditor's fee
To Interim Dividend of 16 per cent paid on
1st August, 1907
To Balance..
Amount at credit, including interest duo
on deposits and investments, &e.
By transfer fee sccount
THE HONGKONG WEEKLY PRESS AND
To Exchange account :-
Difference in exchange To los-es account 1907 :-
2.45 BI
Claims after deduction of re-insurances 104,538 57 To amount written off :-
[ March 2, 1908.
Mr. D. M. Nissim having retigued his seat on the Board on leaving the Colony, Mr. E. Shellim was invited to fill the vacsnoy; Mr. A. J Raymond has also resigned his appointment for the same reason.
The soconuts have been audited by Mr. II. Percy Smith, who offers himself for re-election.
A. H. RENNIE,
Chairman.
Hongkong, 19th February, 19 8.
BALANCE SHEET 31ST DECEMBER, 1907.
LIABILITIES.
1
ota.
153,302.94 | Capital - 1,500 shares of $109 nach, fally
$ C
2.000.00
Amount at ereht
08.00
jand
Outstanding sale
Sundry creditors
T
1,000,000.00 498,38.1.28
150.0.
$305,623.73
Cu bill payable
2,15030
BALANCE SHEET, 31st December, 1947.
On open arraunt
$1,306,136,67 77,960,30
LIABILITIES.
$
2,000,00
Capital account
10,000,00
Profit and less account
Reserve fund
1,640,0000 I
117,578.41
Extra reserve fund
346087 73*
-1,381,396.97 82.756.09
$2,964,535.34
$ 139,728.41
Investment fluctuation account
13.82 60
By Balance brought forward from last year By Ice sales and cold storage charges.
loss working expenses
--
By renta received. Tless Crown rent aw!
Taxes paill
5 c. 4.361.46
123.868.74
Accounts payalde
ASSETS.
3
CLA.
Dividend for 196..
$160,004400
Loways outstanding and sun-
By interest and dividends
By transfor fons
2.JPG 51 9.981.67 17.0
drie ...
Balance at eredit
7.5.127 10
Working arermnt, 19 7 -
372,442 78
ASSETS
$
$ 139,728,41
Mill site, lands, mill buildings, godown
Baubing, residences, ronds, and dame
245,127 to " Machinery and plant
Miscellaneous tools, gear and lumber Launches, lighters, hulk an! mooring Furniture
$1,367,160.2:1 ! Unexpired insuranea
Sundry debtors
Cash on hand and at lank
Stock on consignment
Stock un hand
piera
1
508,144.58 341,474.10
16 848 27
96.7 46.835 5.924.GI 2,440.59 386,513 25 6,519 61 53,019.58 1,584.277.87
THE CHINA FIRE INSURANCE COMPANY LTD,
1 he report for presentation to the sharehol- ders at the thirty-ninth ordinary meeting to be held at the Company's Offices on March 5th reads:-
The Directors have now the pleasure to sabmit their annual report and statement of the
to 31st Company's accounts made up
December last.
1906.-The balance
at
credit of working ac
count as per last report
Was
Add premia since received 36,718.14
$196,691 12
Cash at bankers Fixed Deposite at Banks -
Hongkong and Shanghai
Banking Corjeration. Chartered Bank of A. &C Mercantile Bank of India.L International Banky. Corpn. 25,00 FŐ
Investment *****
30.00000
1,000 10
Chinese Imp. Govt. E. Bonds $45,451 39 Hongkong Club debentures Hungkong Hotel Co., Ltd.
debentures
Ch., Ltd, debentures
271,60 12
$1,964,535 31
PROFIT AND LORR ACCOUNT. April, 14th, 195, to December 31st, 1907. Dr.
To expenses inerdental to establishment of
business
To fire muPATIEN
To advertising
Ta telegram
To general expenses.
To typhoon chimages
R eta.
5,026.75
4,885.08
4,475.57
1,299.91
6,101,51
3,369.90
161,202.70
$186,421.50
50,000.00
Shanghai Land Inve-tinent
40.877.J
Shanghai Waterwork- Ca,
Ltd., debentures
4.172 22
Shanghai Club debentures
6,586 62
To profit. carried below
356,39.63
Loans on mortgage :—
Shares in Public companies 145,610,00
On properties in Hongkong$1,130,3300,00 On properties on Shameen
$362,980.65
Cr.
-$309,698 79
Deduct claims paid in
Canton
07.000.00
By Amount at credit of working necount 194,838,50 -1,536,300.00 | By intorest
3
cta.
1,58:1.00
1907
186,001.73
Furniture account -
$186,421.50
Deduct
return premi1,
&c., &c...
22,735.09
Office furinture, &e. Accounts receivable :-
7580-0
cts.
209,336,82
Premia dus from agencies, interest due
on deposits and investments, &e.
$190,361.97
141.9-9.51
$2,367,480,23
To balance of working account at 31st
December To preliminary expenses To balance
77,034.57
1.472.10
82,758.09
sum as follows :-
$161,282.76
$160,000,00
ota.
181,262.70
$161,262.76
Balance of profit...
It is proposed to apportion this
Dividend of $6 and bonus of $2 per
share on 20,000 shares
To add to extra reserve fund, which
will then stand at $346,097.75 Bonus to Office Staff
25 6(8,10 +,713.87
$194,361 97
Was
1907. The balance at credit of working account at the close of this year $372,492.78 which is a satisfactory increase compared with the previous report.
DIRECTORS.
Messrs. D. M. Nissim, N. A. Siebs, E. Güetz, G. Balloch and A. Haupt resigned their seafs on leaving the Colony and Messrs. E. Shellim, A. Fuchs, W. Helms, II. W. Slade and G. Friesland were appointed to fill the vacancies. These appointments will require the confirma. tion of shareholders.
Messrs. Shewan and Slade retire by rotation, and, being eligible, offer themselves for re- election.
AUDITORS.
Messrs. W. Hutton Potts and A. R. Lowe have audited the annexed accounts and offer themselves for re-election.
Dr.
R. SHEWAN, Chairman.
WORKING ACCOUNT. 1st January to 31st December, 197.
To Charges Account:--
Rent, salaries, legal & sor. veyors fees, taxes, stamps. stationery, &c.
Directors' & Auditors' fees
To Commission account :---
Agents' commissions
$48,723.31
7.40 SKI
76,123.31
13.908.91
THE HONGKONG MILLING CO., LD.
The report of the Directors, to be presented at the third ordinary general meeting to be held at the Company's Offices, King's Building, Connaught Road, on March 7th reads:-
Profit, brought down
The Directors beg to submit to the abare- holders the report and statement of accounts | THE HONGKONG FIRE INSURANCE to 31st December, 19 7.
After paying running expenses, Directors and Auditors' fees, com- missions and all other charges, the profit amounts to
From which has to be deducted the balance at debit of Working Account
at 31st December, 19 6 ...877,134.57
And Preliminary Ex- penses, now written off
...
1,472.10
...
$161,262 76
COMPANY, LIMITED.
The report for presentation to the Share- hollers at the thirty-ninth ordinary meeting, to be held at the cfloes of the General Managers, ou March, 19th reads :-----
The General Manag ·rs and Consulting Committe have pleasure in submitting to the Shareholders the thirty ninth sauul report of the Company.
1908 Ace sunt. ~This account shows a profit 78,506.67 of 8283,457.65 which sum, subjec to the approval of the shareholders, it is proposed to 882,756.09 | deal with as followe, viz. :-
Leaving a balance of ... which the Directors propose to carry forward to credit of new account
This proft was gained in a little over eleren mouths working, as the Mills did not start running ant the end of January, 1907.
The Diesel engines and milling machinery are in perfect condition. During the year the Company purchased a launch and two lighters.
A plant for the manufacture of ic is in course of erection, and a contract has been entered iuto for the sale of 21 tons of ice per day for 10 years on very advantageous terms to the ('ompany. The plant will be in working order early in April.
The Directors also have under consideration the question of the establishment of an meented water factory.
1
|
|
Dividend of $2 per share, Addition to reserve fund,
$216,000.00
67,457,65
$283,157,65
107 Account.-The balance at credit of this account is $428,027 42.
are
Mortgages. From the reports and valuationa made by the Company's Sarveyors, the General Managère and Consulting Committee satisfed that the properties held by the Company form ample security for the advano-u malo.
Consulting Com willee.—Mr. Raymond re. signed his seat on acoonat of bis approaching ology and Mr. C. 8. departure from the Gabbay has been invited to fill the vacancy; his
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