206
of the property and liabilities of the Company on the Bit December 1907 and statement of accounts to the same date.
1906 Accouut.-After payment of the interim dividend of $3 per share and the bonus of 21 per cent. to con'ributors passed at the last annual meeting there remains a balance of 8412.22x61 as por anucxed statement.
The Board recommends that this sum be appropriated as follows:-
A final dividend to shareholders of
$1.50 per share on 24,000 shares $ 300tors The inauguration of a Sterling
Reserve Fund crediting same
with £5,00 at exchange 192 MASAZH
An addition to the Roiusurance
Fund of £19,000 at exchange1 97 199,710.29 To be carried forward to Under-
writing Suspense Account
to
201,657.21
close the account for the year 1906
Account.-The
Was
$112,928,64 1907
halaue of Working the 31st December 1907 Account on 8,157,892 () as per annexed statemout. The Board recommends that an interim dividend of $3 per share be paid to shareholders, absorbing $72,000 and that a borus of 20 por cent be paid to contributors, absorbing about $125,000 and that the remainder be carried forward.
DIRECTORS.
Siuce the last general meeting Messrs. A. Haupt, A. J. Raymoud, E. Gootz. A. Forbes and A. G. Wood have resigned their seats ou leaving the Colony, and Mr. W. Helms of Messrs. Arnhold, Kärberg & Co., Mr. H. A. W. Slade of Messrs. Gilman & Co., Mr. J. W. C. Bonuar of Messrs. Gibb, Livingston & Co., Mr. F. G. Barrett of Messrs. Dodwell & Co., Ld. aud Mr. J. A. Plummer of Messrs. Bradley & Co. hare joined the Board. Their appoint.
ments will be submitted for the confirmation of shareholders. Messrs. E. Ormiston and II. A. W. Slade retire by rotation and offer them. selves for re election.
AUDITORS.
The annexe accounts have been sulited by Messrs. H. U. Jeffries aud A. R.•Lowe who offer themselves for re-election.
H. A. W. SLADE,
Chairman.
Hongkong, 20th March, 19,
BALANCE SHEET
On the 31st December, 197
Dr.
To Capital 21,0081 Shares of $83,4 cach
$2,000,000 uzæn which 825 per Shar called and paid up
Reserve Fund
Exchange Finetnation Aerount
Investment Fluctuates. Accant
Working Account 1:96, Balance
~
$
THE HONGKONG WEEKLY PRESS AND
-
Head Office, Branches and Agency
Chames
Remuneration to Directors, Commit-
tees and Auditors
Losses and Claims pad
.. Furniture written off.
Bonus of 2 per veut paid to mo
tributor-.
Interim hvidard of Si per dare, Iklince.
253.163.17
17,-26.17 1220119761 14,761.64
1,972, 152 80
128.157 H
72.00 00 112.22 64
$2.182,838
WORKING ACCOUNT. 1907.
om alt December. 1907.
T. Nett Pream from 1-4 January to
3-14 ember. 107,
luteres.
Traishi fes....
By agony aunty kom
Head Culice. Branches and "agency
charges, ......
Kommeration
mutters and amditor-,
Ls and luns jail, Balaver
THE
2,124,191 51 15.574.66
EU
$2.278,736 17 ミ
[March 30, 1908.
To unclaimed bonus and dividend To exchange fluctuation account To investment fluctuation account To working 196 balance To working account 1907 balance To reinsurance fund .........129,695. 0.10 To underwriting suspense
account
To study creditors
18,880.14
228,355.66 74,222,62
8.0.863.33 2,506,011,22
| 123,930.89
£26,725. 6. 7 203,215.04
To estimates lialulity under cash cer
tificates issued in part payment for China Trader' shares
402,210.87
148,547.23
$10,942,1 £3,06
$
48,204 17
170,615.50
By cash on current account at Hongkong By cash on deposit with banka in Hong- kong. Shanghai. Yokohama awl Singa-
pare
By amonut invested in mmortaruges, debentures and other securitius in Hongkong. Shanghai. Yokohama aul Singquore.
By amount vested in London, viz :- By deposited in banks
other investments ...
2,888.002.38
54,350 Ba
115,000. 0. 0
228,50.35
209,541,19. 6
eat.
16.970.32 4.782.95
By amount
mvested
384,541.19. 6-4,218,971.81
Melbourne in
1,157,8 2.00
3,001,5,5
97,659.43
By mount at debit of branches and
82,278,76,17
ALERGIES
809,353.37
By dry debtors
184,160.90
56,113.54
2,066,670.50
12,358.87
$10,942,141,00
WORKING ACCOUNT, 1996. On 31st December, 1997.
$ 4.128.371.33
UNION INSURANCE SOCIETY
OF CANTON LIMITED.
The report for presentation to the share. holders at the thirty-fifth ordinary meeting to bo hold at the Sucisty's Offices on April 23rd, reads:-
The Board has now to lay before the share- holders a balanco sheet containing a sammary of the property and liabilities of the Society on the 31st Thecabar 1907 and a statement of accounts to the same date.
1906 Account.-After payment of the interim dividend of $30 per share and the bonus
20
-f
By ollee learna
By 22,9 shares in the China Traders' Insurance Company, Limited, at $90 per share
By bulls regenvalde
T. welt pretum To interest
Ky zeney common-
By hood allee, branches and agency
charges
By remuneration to directors commit-
tees and auditors
per cent to contributors passed at the last anuual meeting there remains a balance of $539,863,33 as per annexed statement.
The Board recommends that this sum bei By losses and claims paid
By furniture written off appropriated as follows:
A final dividend to shareholders of
TRE
$15 per share on 12,491 shares..... $146, An addition to the Sterling Reserve
Foud of €20,000 at exchanged 34 219,428.57 To be carried forward to l ́ader-
writing Suspense Account close the account for the year 196
By bonas of 20 per cent paid to contri.
kuter
By iterum dividend of $30 per share By balance
480,713.21
$4,609,084.54
132.493.76
3 6.931.11
35,652.72 2,448,209,53 21,529.31
3,1 14,900.43
252,311.78 372,000.00 839,863.33
$1,600,081.54
WORKING ACCOUNT, 1997. On 31st December, 1907.
to
130131760
L
$839, SAU33
Bett prenum To interest
Was
4,244,383.39
463,316.01
$1,707,000. WI
1967 Account.-The Blauce of Working Account
31st December 187 ta $2,5e1011 22 as per annexei statement
on
The Bard recommends that au interim dividend of $30 per share be paid to shareholders, absorbing $372,000, and that a bonus of 20 per #18974 S cant be paid to contributors, alsorbing about
204677 #1 | 8250, aud that the remainder be 1807115 {
forward.
10 7.
41222 61 1.137.892 B
Reinsurance Fuel
CROPAL 7 2
ti
Underwriting Suspense
Account
7
Sundry Creators
By Cash on Curtent Account t
kong..
-
"1
Carli on Bepit with Bat ka
Hou
kong, Shangha. Yokohama and K. 44 Amount invested in Morgans.
tures and other Seentities in Heg
kong, Shangha, atd. Vokala pint
Ammunt mvested in Log ice
Deposited m Pink -
Leasehold Proqrty
Travancore Test F-tate
Co
Amount invested in: Australi vi
[
01.101
A100101
Deposited in Bark- Other investun 11 - ...
CEP TE
3.269
17.00001
[
Amount at t Agencies
2
Sundry Debtors
Bills Receivabi
WORKING ACC
Um BS 1
To Nett Premiuma
Luterest
15
By Agency Commniss: u
11:
ถ
DIRECTORS,
carried
Since the last general meeting Mr. G. Bal. loch, Mr. N A. Sieb« Mr. A. Forbes, Mr. G. H. Medhurst and Mr A. G ood have resigned their seats ou leaving the Colony, and Mr. H. A. W Stale of Messrs Gillman & Co, Mr W 1 Helms of M-gars. Arnhold, Karberg & Co. Mr. E Ormiston of the Mercantile Buck of India, 1.4. Mr C R. Lenzmann of MiwaTA, Carlowitz & Co, Mr J. A Plummer of Messrs Bradley & Ca, M- E, G, Barrett of Mosses, i : Dodwell & C». I. 1, sud Mr. A W C. Bonuar Araf Messrs. Gibh, Livingston & Co. have joined
the Beard.
In accordates with clause st of the Articles of Association Mr. H A W. Slade Mr. E. : Ormiston retire, but offer themselves for rs.
election
AUDITORS
Messrs W Hutton ott and A R Lows retire, but offer themselv...* for re› ] 40Lj
HAW STADI,
Chairman
Heuck 02. 26th March, 145
մ
Sterling exchange taken at 14 9.7 Sd.
By agency communions.
Hy head office, branches and agency
charges
By remuneration to directors. Com
mittee and anditor By Jonse camd clans, pard By Lalance
105,100,58
657.191 62
29,040.6 1,0 9,165.98 2,7 6,011.2
$1.707,600.40
DEATH OF MR. A. SHEWAN.
It is with deep regret that we have to record the death, at the age of fifty-four, of Mr. Arthur hewan, an old and esteemed resident of Shanghai, who died at the General Hospital on ! March 1b. He had been in hospital for s period of three months, suffering from an attack of pleurisy, but had litely showed eigns of recovery and his numerous friends in the Settle- mant had expected to see him fit and well at an early date. Early that morning, however, in turning over in bed a vernel of the beart was ruptured and he died peacefully in bis sloop. Mr. Showan came out to China about thirty. three years ago and joined the firm of Turner & o, as tea-tastor. After several years' service with that firm, he became associated with the firm of Showau & Co., of which his brother, the Hoa. Robert Shewan. was senior partner. Later be became one of the partners of Greaves and Co, whose firm name is now Gedde and Co, and about six years ago relinquished his Interest in that basiness and became a share- broker. Mr Shewan was always a konn sports- A cricketer himself, he always took great interest in the gym», and was also an owner of raceponies and an old and prominent member of the Shanghai Race Club.—N.-C. Daily News.
man.
·
No comments yet.
Private notes are available after approval.