GENTLEMEN,—The Directors have now to submit to you their Report, with a Statement of Accounts for the half-year ended 30th June, 1903.
The net profit for the six months, after paying interest due and all charges, amounts to., $476,888.29 which has to added the balance brought forward from last Account... - 196,256.84
$673,145.13 and from this have to be deducted Directors' Fee 10,000.00 Auditors' Fees 750.00 leaving available for appropriation 1,831,420.54
Amount paid on account of removal of Hill on the New Extension Kowloon Marine Lot No. 7 1,91; 5 Hire of "Canton River shore near Shipbuilding Department.. 5 3,825.43 Amount paid on account of two New Houses for European Fore-6,870.77
Amount pardon account of New Fitting Shop 30,615.00 Amount paid Completing Of. fice Extensions...
Amount paid Completing Cor version of Spar Shed into Stores 1,876.00 Amount paid account of re-1 Hill at Bat By Shareholders of $90 each, fully 2,500,000.00 Admiralty Loan.£20,000. 0.0
Less Repay-wave. 13,552.17.0
£6,447. 3.0@ 1/7 81,170.68
Sundry Creditors Bala fit brought forward from last Account. 196,256.84 Profit 476,888.29 673,145.18, i Revesve Acoust. j June 80th, 1903.
Text read from the printed page and cleaned; old type leaves the occasional error.