The report of the Hongkong, Canton, and Macao Steamboat Ca., Ld., for the second half of 1899 has been issued. It shows a mum of $179,088 at credit of profit and Joss, From this it is proposed to pay 8 per cent for the six months absorbing $96,000, to write off 5 per cent, or $39,875 off the value of steamers and launches, and to carry forward the balance of $43,213 to new account. The earnings showed a falling-off compared with those of the corresponding half of 1898, owing chicly to the unsatisfactory state of affairs on the West River.
The fleet is in good condition and the properties mortgaged to the Company show ample security for the sums advanced, The report of the directors to the shareholders of the Kowloon Land and Building Company, Ld,, i in the hands of the shareholders. The balance of profit and loss account for the year, after deducting all charges and expenses, amounted to $8,065. From this the directors recommend ofa dividend of $1.25 per share, and to carry forward the balance of $365 to new recount. The Company's property is now well let, but probably no great increment in the rents can be looked for at present.
Text read from the printed page and cleaned; old type leaves the occasional error.