The report of the Directors of the Hongkong Hotel Company, Ld., for the half-year ended 31st December last has been issued. It shows that, after payment of all charges, there is 2 balance of credit of $83,698.29. It is proposed to apportion this as follows:—To pay a dividend of 10 per cent for the half-year, absorbing $60,000, to place $15,000 to Reserve Fund, to set $5,000 aside against renewals and repairs, to write off $3,000 from value of furniture and fixtures, and to carry the balance of $698.29 to' new account. The sale of a small corner of Jand on the Reclamation, G51 square feet in size, contributed $11,880.75, the profit accruing, to the abore result. ' The Company's business during the current, half-year has been very good so far, and pro mises to break all previous records.
The report for presentation to. the twenty-third annual meeting of shareholders in the China Sugar Refining Ca., Ld., to be held on the 27th instant, has been issued. It shows that the result of the working for the year 1900 was 2 bal-once at credit of 251,800.16, out of which $50,000 has been paid as interim dividend Of BE per cent, and it is now proposed to pay a final dividend of 9 per cent, mak-Ing 12 per cent in all, and to carry forward the swan of 811,800.16 to mew account. The report is considered very satisfactory, but owing to a rumour that the proposed tax on sugar in Japan will be disallowed by the Diet, the quotation has, after the first advance, perceptibly weakened.
The report of the General Managers to the shareholders in the Luzon Sug: Refining Ca., Ld., is not comforting. The Refinery was idle until the month of ini Spain being closed to the Com a market for refined side 3 Fidteulty is experienced in finding an out let for the product. The rest the working is a debit balance of $10,011.85, which is carried to next sceount.
Text read from the printed page and cleaned; old type leaves the occasional error.