1908
f
$1,200,000.00
587,500.00
90%
survey and overhaul of the steamers Kinshan, Sui An and Sui Tai have been effected during the half-year and the fleet is in good running order.
THE HONGKOŃG WEEKLY PRESS AND
Cr.
By amount brought forward from
last account...
By net earnings of steamers... By interest on investments... By transfer fees
On the 14th July last, Mr. H. E. Tomkins resumed his former seat on the Board. Mr. C Thiel resigned his seat, in consequence of his departure from the Colony, and Mr. R. Fahrt mann was nominated by the Directors to fill the vacant seat. The regretable death of Mr. C`. Brodersen on the 4th of October last, created a vacancy on the Board and Mr. H. A. Siebs has To Balance been nominated by the Directors in his place. These nominations are subject to confirmation by the shareholders at this meeting.
The retiring auditors, Messrs. A. O'D. Gour- din and W. Hutton Potts, offer themselves for re-election.
i
R. SHEWAN,
Hongkong, 26th January, 1909.
LIABILITIES.
Amount of Capital, 80,000 Shares
of $15 each fully paid up Amount at Credit of Depreciation
and Insurance Fund
Chairman.
Cr.
By Amount at Credit By Amount brought forward from Profit and Loss Account for Half Year ending 30th June,
[February 1, 1909.
Investment income account Amount transferred from reserve fund to meet contingencies and depreciation on shares
12,500.00
8587,500.00 | Authorised capital-200,000 shares
Written off to doubtful debts and
contingencies account
$17,755.84 167,001.34
Balance
30,000.00 113,407.68
35,042.98 80.50
$ 155,446.05
$219,880.66
Balance carried forward from last
year
$3,593.29
DEPRECIATION AND INSURANCE FUND. Dr.
Interest received, storages, rents,
etc.
178,592.18 Less interest paid, com-
$587,500.00
mission, &c.
68,370.42
110,221.76
$587,500.00
Transfer fees
11.00
11,620.00
$575,000.00
30,000.00
$ 155.446.05
BALANCE SHEET.
EQUALIZATION OF DIVIDEND FUND. Dr.
at $10-$2,000,000 issued as per last report 125,000 shares at $10 each
.$1,250,000.00.
Amount at Credit of Equalization
of Dvidend aFund
To Balance
$250,000.00
Reserve fund
250,000.00
Sundry creditors
90,000,00 352.301.06
Amount at Credit of Investment
$250,000.00 Balance of profit and loss account 113,407.68
Fluctuation Fund
79,428.85
Amount at
redit of Special
Cr.
$1,805,708.74
Repairs Fund
5,344.81 By Amount at Credit
Unclaimed Dividends...
4,724.75
Sundry Creditors
57,996.85
$250,000.00
$250,000.00
Loans on
system
provident
.519,527.09
Bills Payable
Loans on
45,497.47
mortgages,
Amount at Credit of Profit and
Loss A/c.
185,279.30
SPECIAL REPAIRS FUND. Dr.
shares, &c.
674,955.31
-$1,194,482.40
To sundry disbursements
$2,395,772.03
To balance
$12,310.88 5,344.81
Investment of reserve
*
$17,655.69
ASSETS.
Value of Steamers Honam, Heung- shan, Sui-An, Sui-Tai and Hoi Song and ths of Kinshan and 3rd of Sainam, Nanning, Lintan, and Sanui
Cr.
By amount at credit By amount brought forward from profit and loss account for half year ending 30th June, 1908
$7,655.69
fund 8,800 shares
Green Island Ce-
ment Co, Lt, at $10, $88,000.00
250 China Light and
Power Company Ld. Debentures at $100 25,000.00
113,000.00
Property at West Point
10,000.00
(Po
$1,082,638.42
Value of Lighters Sunice and
Wolee
8,000.00
Value of Wharves, Hulks and
Moorings
144,744.26
Value of Properties at Canton,
Kongkan and Wuchow
128,796.77
Value of Spare Gear and Stores...
Value of Furniture
22,152.09 1,000.00
575,132.00 693.18
Value of Shares in Public Com-
panies
Value of Chinese Bonds
Loans on Mortgage
Hongkong and Shanghai Banking Corporation, Current Account
Interest accrued
Sundry Debtors
Bills Receivable
Marine and Fire Insurance Premia paid on account of 1909
On Godowns
and other property) $854,250.00
$17,655.69 | Since expended
CHINA PROVIDENT LOAN AND MORTGAGE COMPANÝ LIMITED.
The report for presentation to the shareholders 322,000.00 at the twelfth ordinary general meeting to be held
on Saturday, next is as follows:- 23,268.10 Annexed we have the pleasure to lay before 824.26 shareholders a statement of accounts made up to 28,535.68 31st December 1908. 48,908.40 The gross earnings for the past year amount to $190,223.18 and after deducting all expenses. 9,078.87 remuneration to General Managers, Consulting Committee's and Auditors' fees, there remains a $2,395,772.03 balance of $113,407.68 which it is recommended
be appropriated as follows, viz. :------
To place to reserve fund To pay a dividend of 80 cents
per share
PROFIT AND LOSS ACCOUNT. Dr.
$20,144.18
2,284.39
To Amount paid for repairs to
steamers To Amount paid for repairs to steamers A/c typhoon damage... To Amount paid for repairs to Company's Hongkong Wharf A/c typhoon damage... To Directors and Auditors' Fees
Balance to be appropriated, viz. :—
7,422.79 4,750.00
$10,000.00
$100,000.00
To carry forward to the credit.
of next year's account... $3,407.68 Consulting Committee. In accordance with, the Articles of Association, Messrs. J. S. Van Buren, how Hing Kee, Dr. J. W. Noble, H, P. White and U Poi On retire, but offer them selves for re-election.
Auditors. The accounts have been audited by Messrs. A. O'D. Gourdin and W. H. Potts, who are recommended for re-election.
To cover depreciation on investments (amounting to $22,150.00) and other contingen- cies, $30,000,00 has been withdrawn from the reserve fund which will
now stand at $100,000.00.
SHEWAN TOMES & Co. General Managers.
To Dividend of $1.25
per share on 80,000 shares
$100,000,00
surance
To be written off book value of Steamers... To be written off book value of Properties and Wharves To be carried to De- preciation and In-
Fund
20,000.00
5,000.00
20,000.00
To be carried forward
to Special Repairs
Fund
20,000.00
PROFIT AND LOSS.
To be carried forward
to New Account.
20,279.30
Consulting committee's fees Auditors' fees
185,279.30 Charges
$219,880.66
for the year 1908 ... im
*
Hongkong 29th January 1909.
Depreciation on godown furniture
$4,000.00 200.00 7,525.22
313.15
!.. 1,785.86
$856,035.86
Less on mortgage ... 450.000.00 406,035.86
4,500 shares. China
Godown furniture Less depreciation
Proportion of premium on
Light and Power Co.,
Ld. at
$5.00
22,500.00
2,313 15. 313.15
2,000,00
un.
*
1,141.59 60,293.74
$6 055.15 200.00
6,255.15
$1,805,708.74
expired policies undry debtors Cash in hand
Cash at godown
HALF YEARLY DIVIDENDS.
The Directors of Humphrey's Estate and Finance Co., Ltd recommend a dividend of 6 per cent. The net profit for the year amounts to $90,865.04 but with the balance brought forward from last account there is a sum of $95,486.15 available for appropriation. The divident recommended will absorb $90,000, and the balance is to be carried to new account.
▸
At a meeting of the Board of Directors of the Shanghai Land Investment Co., held last week, a final dividend of six per cent. and a bonus of Tls. 2 per share, was declared for the half-year ending December 31, 1908.
We are officially informed that, subject to audit, the Directors of the Hongkong and Whampoa Dook Co., Ld., will recommend at the forthcoming meeting a dividend of 8%; per share, pass $21,000, to special account, write $28,000 off osmopolitan Docks and Floating Plant and carry forward about $384,000.
1
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