344
COMPANY REPORT,
NORTH CHINA INSURANCE COMPANY, LIMITED.
The Report for presentation at the sixth ordinary general meeting of shareholders, to be held at the Shanghai, on the 19th instant, is as follows:-
The directors beg to submit, for the informa- tion of shareholders, the annexed duly audited statement of the Company's accounts to the 30th June, 1909.
1908.-The balance at credit of this account is Taels 212,245.28, and after deducting an interim dividend of 7 per cent., aggregating Taels 32,339.55, paid où 1st May last, there remains a sum of Taels 179,885.73, which the directors recommend should be appropriated in the following manner :--
A final dividend of 71⁄2 per cent. on the paid- up capital.
A bonus of 15 per cent. upon contributory premiums.
Taels 75,000.00 transferred to silver reserve, bringing that fund up to Taels 225,000.00.
And the balance to be transferred to under- writing reserve account, closing the account for 1908.
1909. The balance at credit of working to 30th June amounts to Taels 206,573.62.
Directors. In accordance with the provisions of the articles of association the directors all retire, but, being eligible, offer themselves for re-election.
Audit.--The accounts have been audited by Messrs. Wingrove and Hayter, who again render their services to the Shareholders.
By order of the court of directors.
H. G. SIMMS, Secretary.
Shanghai, 18th September, 1909.
The Balance Sheet to 30th June is as follows:-
Dr.
To capital account :
10,600 shares at £5 £50,000 (2/4-3/16
To sterling reserve fund
£125, 100 (2/4-3/16 1,064,301.55 To silver reserve fund 150,000.00
THE HONGKONG WEEKLY PRESS AND
British Go
vernment
Securities 18,281 4 8 Indian Go-
vernment
Securities.. 18,673 14 5 Colonial
Government
Securities... 30,617 16 11 Foreign
Government
[October 16, 1609.
true and correct view of the state of the Company's affairs as shown by the books of the Company.
GEO. R. WIngrove,
H. W. G. HAYTER,
Auditors.
Shanghai, 24th September 1909.
FAR EASTERN TELEGRAMS.
PRINCE ITO TO VISIT MANCHURIA.
Tokyo, October 14th. Prince Ito left tc-day for a tour in Man.
Loans... ity of Osaka 5 per cont Bonds... English
Railway Securities
26,434 19 0
2,000 0 0
5,211 11 1
churia.
Colonial
Railway
Securities...26,423 1 0
Chinesc
Railway
Manila
Securities...12,690 0
0
Railway
Securities ...
3,320 0
0
Pennsylvania
Railroad Co. 4 per cont Mort. Bonds... Sterling
951 19 4
Mortgage
4,030 0.0
Furniture
Accounts- London & Manchester .. Premiu ont- standing, Bills Receiv- able, Polisy Stamps and Drafts in
course of
152 0 0
collection 5,598 2 8
£166,477 10 Less--Due to
Sundries... 511 5 6
1
£165.966 4 7
Add-London
Freehold
Promises 38,307 3 7
By Balancos at Branches By Furniture at Head
Office and Branches By Sundry Debtors..
Ex. 2/4-3/16 por Tacl)
Taels
1,739,268.04 204,273 8 2
79,529.02
9,340 10 4
+
1,086.27 44, 84.73
Tuels.
出
S.
d.
50,000 0 125,720.62
0 125,000 0
17,817 3 9
0
***
335,253.09, 39,374 15 6
17,216 6
Dr.
To net premia... To interest...
60+
To underwriting reserve
account
D
To exchange and invest-
ment fluctuation account 146,586.70 To working account 1968 :
Amount brought
forward from
below
Doduct
***
Interim share.
dividend
...
233 5 8 5,177 13 2
2,517,176.65 £295,637 3 1
WORKING ACCOUNT 1909. 30th June 1969.
To transfer and certificato feos
Tls.
. 212,245.28
Tacls...
32,359.55
179,885.73
21,127 4 1
Cr.
By commission and charges at head
offlce, branches and agents
200.573,62 8,855.34
24,261 12 10
By directors' and auditors' feos
1,040 0 10
By income tax...
To working account 1909:
Amount brought forward from below
To sundry creditors
(Ex. 2/4-3/16)
per Tuel.) S
Cr.
fls. 2,517,176.65 £295,637 3 1
By Cash on Current and
Deposit Accounts Shanghai
By Chinese Imperial Govt. Loan of 1886 (E. Issuo) By Shanghai Municipal
Loans
By depreciation furniture account By losses and claims
By balance carried forward...
Taels
WORKING ACCOUNT 1909
30th June 1909.
· Dr.
in
TIs.
£ 5. d.
210,721.00 24,748 14 10 11,500,00 1,350 13 0
95,000.00 11,157 11 1
To not premia .
To interest ·
7,000,00
822 2 9
69,700,00 8,186 2 5
1,127 10 0 By directors' and auditors' foes
By income tax
By Shanghai Land Invest- ment Co, Ld.'s 5 por cent Debtre.
By Shanghai Land Invest- ment Co., Ltd.'s 6 per cent Debtrs.
By Shanghai Waterworks Co.. Ld.'s 5 per cent Debentures
By Shanghai Waterworks Co., Ld.'s 5 por cont. Debentures
By Shanghai and Hong- kew Wharf Co., Ld.'s 6 per cent Dobtrs.
Shanghai Mutual Tele. one Co., Limited By rtgages on Property
imanghai
Bynese Government
5 pekent Yen Loan of 1895
By Japanse Government
4 per cen Sterling Loan of 1899
9,600.00
20,000,00 2,318 19 2
10,000.00 1,174 9 7
800.00 93 19 2
139,000.00 15,268 4 7
To transfor and certificate fces
Tacls
Cr.
By commissions and charges at head office,
branches and agences...
By losses and claims By balanco carried forward...
Taels
Taols. 508,257.65 86.551.32 48.00
594,856.97
Tales.
171,233.77 6,400.00 11,165 46 152,44 193,660.02 212,245.23
594,856.97
Taols,
38.00
375,539.68
Taels.
THE CRANE REVELATIONS.
Tokyo, October 14th. The Crane revelations are the theme of the The American State Department press. forwards to Tokyo a summary of the events leading to the resignation of Mr. Crane. It says that it has been engaged for some time in studying the recent agreements between Chins and Japan with a view to determining anything adversely affecting American interests. While the investigation was proceeding Mr. Cran e visited the Department and was informed by one of the clerks about it. Without consulting a responsible officer, Mr. Crane informed the newspapers that the Government were prepar- ing to protest against several features of the agreements. Ultimately Mr. Knox telegraphed to Mr. Crane as follows: "You are charged with responsibility for the canards appearing in the Japanese and American Press that America is preparing to protest. If you are not responsible matters relating to the Orient have developed making it advisable for me thus to At a subsequent con- communicate with you. ference between Mr. Knox and Mr. Crane the former said that he was compelled to ask for the resignation of Mr. Crane.
44
•
"
FROM THE CHUNG NGOI SAN PO.”] IMPERIAL CHINESE POST OFFICE.
Peking, October 11th. - The Board of Communications is to raise a sum of 1,000,000 taels for the purpose of taking over the control of the Imperial Chinese Post Office from the Commissioner of Customs at the beginning of the next Chinese year.
AN EXCISE PROSECUTION. The manager of the Connaught Aerated Water Factory was summoned before Mr. J R. Wood at the Magistracy on Tuesday for having 26 cases of spirits of wine stored on the Company's premises without a licence. His Worship imposed a fine of $50, and ordered the forfeiture of the spirits.
MARCONIGRAMS FROM MID-PACIFIC.
Mr. D. W. Craddock, General Traffic Agent in Hongkong of the C. P. R. Co., writes under Monday's date:
"I am just in receipt of a telegram from our 327,839.36 Yokohama Agency advising that a further. -
there from the 47,662,32 Marconigram has reached
Empress of India. The steamer was then, at 11 p.m., 9th October, 1,500 miles distant from Japan. This is well on towards a half the distance between land and land, and the prob- ability is that as soon as she gets out of range of Japan she will be within wireless reach of the station on the Canadian side."
85,571.36
3,200.CO 3.079.63 77.115.02 206,573.62
375,539.68
H. G. SIMMS, Secretary.
WILLIAM D. LITTLE, A. MCLEOD, JAS. N, JAMESON,
Directors. In accordance with the provision of the Com- 13,29253 1,561 3 7 panies Act, 1900, we certify that all our require- ments as Auditors have been complied with, and we have to report to the Shareholders that, having examined the foregoing Statements of Accounts and Balance Sheet, they are, in our opinion, properly drawn up so as to exhibit a
74,695.06 8,772 15 7
By London Bench-Balance, viz. :
Cash at Ban- £ 8. d.
kers
12117 1 0
A Frenchman, said to be a carpenter on one of the French, Mail steamers, got into trouble with the police. He was arrested by Sergt. Aris on suspicion of being in the illegal posses- sion of a quantity of dried fish, and on the way to the Police Station he offered the officer eighty cents with the explanation “cumshaw, and at the same time attempted to move off. Mr. Wood, The sergeant was not to be bribed and added another charge against the man. before whom the case was heard on Oct. 13, did not find the defendant guilty of being in unlawful possession of the fish, but ordered him to pay a fine of $10 for attempted bribery.
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