March 16, 1908.]
Transfer fees
35.79
11
Dividend on sixteen Shanghai Mutual Telephone Co.'s shares for 1906
64.00
Tls. 18,432.70
BALANCE SHEET, November 30, 1917.
Liabilities.
H
Capital
Sundry oreditors
Dividends uncollected...
Ioe tickets in circulation
Profit and Loss account
Tis
ASSETS.
Cost of plant, ice boxes
ice boats, etc., as per- last report
CHINA OVERLAND TRADE REPORT.
Coal. There were Tons 4,023-19.0 more carbonised than in 1906 and 47,497,40 cubic feet more Gas produced.
Iesiduals. The Coal used during the year being nearly altogether Japanese, which yields a Coke selling at a lower price than Australiao, the return for the Coke was less than last year
181
Office and miscellaneous ex-
PENSOR
Passages
1,721.03 924.79
38,830.92
Balance being profit on working account 241,567.66
Tls
By amount of charges for gas respinal producta : —
fitting account :- Profit for the year
Tis.
although a greater quantity was sold. There Coke, tar, pitch and sulphate T'ls. was no demand for Pitch, but Tar and Sulphate 200,0 0,00 | of Ammonia were well taken up.
5,351,52
Fittings. The Fittings Department con 1,465.75
tinues to field a fair profit on the Capital em. 944.59 ployed. 8,930.19 Cap tal-46 New shares, the balance of last issue. have been sold by the Directors ...216,69.05 and rauk for dividend of 1907. but not having been paid for until after the 31st, December, the Tla. addition to Capital account does not appear!
in the Balance Sheet.
***
146,198.91
less proceeds ac-
count sale of old
fittings
79.76
and deprecia-
tion
...7,717 53
7,797.29
Cost of land buildings as
per last report
plus additions
less depreciation ...
60,102,91 28.50
6,383.41 456.57
Cost of stores, etc, in
stook.
Fire insurance unexpired. Cash with Hongkong and
Shanghai Bank Sundry debtors. Suspense Account: Sun-
dries account 1908. Investment in Shanghai Mutual Telephone Co.. Ld., 16 shares at Tls 50,00
133,1.65
59,926.84
613,571.43
559,004,58
79,273.60
5,293.25
GK3,371.34
PROFIT AND LOSS ACCOUNT For the year ended 31st December, 1907.
Tls. cto. Tls. cts.
To amount written off for depreciation :- To land and buildings
To manufacturing and distribu-
ting plant To furniture
capital. T1.
March 1907)
3,541.81
49,326.82 450.89
53,328.32
19 6, 7 per cents. 890,900 (paid Ist
56,000.00
9,147.10
Directorate.—Mr. P. F. Lavors having To final divi lent for resigned his seat on the Board on his lessing for England, the Directors invited Mr. E., E. Clark to fill the vacancy. Mr. Clark's appoint. ment requires confirmation at the Ordinary General Meeting. In accordance with the Articles of Association Mr. E. Jeuner Hogg retires, but being eligible offers himself for re-election.
To dividend on new hares 7954, at Tls. Tomis for year 186 on 16,044 old share 115 per share (paid 1st March 1997)
Audit.-Owing to the indisposition of Mr. ¦ W. II. Anderson, the accounts have been! audited by Mr. H. W. G. Hayter. Mr. W. II. Anders in offers himself for re-election.
Summary of the Engineer's Reports to the Directors during the year 1907. Manufacture.
at the rate of Tls. 150 per share (paid) 1st March 1967)
Shanghai Gas 2 Tu bonus for 2 months of year 1906 on now almares at the rate of Tix. 0.25 per share (paid 1st March 1997)
To interim dividend for 1907, 7 per cenita. on capital 11s. 1,197,700.90 (paid 10th July 190771
Tomterest on debentures :-
à per cents on Tis, 100,180 Tls. 500.00 100,000 Tl. 6.900.00 200,000 Th. 12,000,00
6
U
No. 2 Retort Houso, equipped with electrical- 3,091.65 ly driven machinery for haudling the Coal, &c., To bad and doubtful debts
427.80 was completed and brought into use jo
To Hongkong agency feez September.
To balance carried forward
8,854.04 Condensers and Scrubbers to deal with the 3,728.29 Gas made in this new bone were ordered early ia the year, and erection of these is now nearly 1,465.75 complete.
Progress with No, 2 Gasholder was somewhat delayed. It was completed and brought into use during January, 1998,
800.00
Tl....216,692.05
Shanghai, March 4, 1908.
A. D. LOWE,
GEDDES & Co., Agents.
J. GRANT MACKENZIE, JOHN PRENTICE,
Directors.
SHANGHAI GAS CO., LTD.
The report for 1907 (being the 44th since the origin of the Company) reads:-
The Directors have pleasure in presenting the annual report and statement of accounts for 1907. The progress of the Company con tinues satisfactory. The profit on working account for the year amounts to Tis. 241,567,06, which sum has been transferred to profit and loss account.
The net profit for the year is Tls. 248,951.31. The balance at credit of profit and loss account, after crediting the account with Tls. 7,994,78 carried forward after appropriation of the pro- fits for 1906, and deducting the amount of lu- terim dividend at the rate of 7 per cent (Tis. 83,839) paid on 10th July last, amounts to Tls. 173,102.50 of which sum the Directors recom. mend appropriation as follows:-
Το pay final dividend for the year 1907 ou 24 000 shares at 8 per cent (making 15 per cent for the year) Tls. 4.00 per sbare Tls. 96,000.00.
To write off for depreciation
of land and buildings 2,573.46. To write off for depreciation of manufacturing and dis- tributing plant
67.328.54.
To write off for depreciation of
furniture
596.-5
To carry forward to
account
-Tlɛ 74,488
new
6,403 65
Consumption.-Private consumption bas increased 33,983,200 cubic feet, or 9.49 per cent. The increase in Gas used for Public Lighting has been 1,412,000 cubic feet, or 1405 per cent.
Coal, vc., Carbonized 41,966- £2 Gas Manufactured 495,439,500 Yield per Ton
11,800 Average illuminating power 16
Distribution.
Tops Cubic feet.
Caudles.
The rapid development of new districts and the construction of roads leading thereto, has necessitated the greatest length of new and enlarged maius being laid which the Mainlaying Department has ever had to deal with in one yea", the total length of mains laid being 121 miles.
Gas sold during the year 461,350,000 Cabic ft. Gas used at
the works, &c., Gas unac- counted for
aud stock
4,658,700
34,139,500
2,48
Increase in gas sold as
compared with last year 9,59 per cent Gas unaccounted for in
distribution
598
H. KING HILLER,
Engineer in Chief,
Shanghai 18th February, 190%.
WORKING ACCOUNT For the Year ended
31st December, 1907.
To Manufacture of Vias Coal, etc., carbonzest Purifying material. ol and
sundries
Salaries and wag
Kepairs and mamieman
works and resalences, renewal of reters and material, ful
1
By balance
By transfer fees
Tis.
By interest account thalance thereofi
By evehauge account (dollars being taken
at
234
By dividend reecived on 21 Shanghai
Mutual Telephone Co.'s shares By balance of working account, 1907
21,000.00
1,088.60
83,839,00
::{}, b\_ 0 3
871.71 152.94 171,802,50
$25,630.07
Tls. cts.
132, 154.11
97.50 25.800.32
5,316.08
141.00 241,567.06
128, 130.07
71 .. RENEWALS AND DEPRECIATION
ACCOUNT.
To balance carried forward
11ཟ.
11. cts. 100,000.00
100,000.00
By balance brought forward from last year 100,000.00
Th
1000,000.00
BALANCE SHEET, 31-t December, 1907.
Capital account
LUABILITIES,
23,951 Shares at Th× 70 each
Share premum aeerant.
Debenture acremnt.
à per cent, issue of 1897. Th. 100,00,00
i per veut, issue of 18
is por cont, issue of 19-3
100 M0 (NI
20000000
Renewals and depreciation account
Interest payable
Sundry erolitors
Deposit from coke evntractor
q-it from far contractor
Deposit From compradore
Popensils from gas consumers Ungard dividendis
Th. cts. Tlx. ete.
256 66572
380630 ST 32.5-1.81
for resuleures and workshops 36,611 51
To Distribution of tias
14
Wapes Repairs and
1118111,
13,57101
maintenance
and pulle
of
lamps; municipal charges for repairing roads, and repairs to consumers' littings..
2008 17
To Management and General Charges Salaries ani vengross
16,208 65 Directors' from Auditors for
Medical attendance. Printing and stationery
Rent allowances
Gas Eugines-The number of Gas Eugines and and other taxes in use is 102, while the increase in Gas used for power was 8,909,700 cubic feet, or 21.51 per cent,
Fire insurance Legal expensca
300**
- 1.00000
1761
1,282 78
5 Ch.47 252.50
-32891416
ال انا الى
Hongkong au 4 Shanghai bank.
Balunce at delat of current account Profit and low account
Balance and credit thereof
Tutal
ASEP.
Tls. cts. 1.197.700.00
180,852.55
$0X1,000,00 100,000.00
1,341,60 25.607 12 3.660.60
365.00 1,500,00
13,653.74
21.00
$4,519.12
173,103.50
$2,512,411,93
Lani and bu:bling for the Manufacture of Gas.
Cost on 31st De
Tis. et. 14. eta. Tla. Uta.
cember. 199 326541ST Less written off
for depreciata.
Addition during the year
Machinery for the Manufacture
of tian.
3.51ST
321,000 00
30.173
381.173.46
Cost on 31«t Do-
sember, 1906
578,18
Less written off
for depreciation 15,138 21
361,000,00
Additions daring the year....... 2290,334, ki
Mauti- Services, des, for the
Distribution of Gns.
Cost on 31st De-
December, 1906 711,188,38
790,334 46
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