Docks, as per Inst Statement, Less mou ten off, Amount paid i connection with porehase of Hung fom Inland Lots Nos. 13, 14, 61, 65 2,300.00 Amount paid on account of removal of Hill on the new Extension, Kow-Joon Marine Lot Amount paid The Directors recommend that a dividend for the half year of 10 per cent. or $250,000, and a bonus of 8 per cent. or $200,000, in all $450,000, be paid to the Shareholders, and a onus of $20,000 to Contributing Shareholders, that S114, be written from the value of the Kowloon Docks, $67,211.34 from the Cosmopolitan Dock, and $4,000 from Steam Launches, the balance $459,695.15 to be carried to the new account.
'The large turnover at our Establishments during the past half year, being the highest on record, should be' very gratifying to the Shareholders, as it proves that the increasing facilities at the docks enable the work to be completed more expeditiously. When all the contemplated improvements are finished we will be able to execute a still larger volume of work.
The new Machine Shops at Kowloon Docks are being pushed forward as rapidly as possible, but their completion will be delayed to some extent owing to the scarcity of Chinese skilled labour. A position of the Bocks has already been ordered, and it-is proposed Electrical installation for Kowloon
hoped that the whole plant will' be erected account of cutting, away Hill at of No. 1 Dod Amount paid on account of making account of 16 New Houses for European Foremen, Amount paid on account of New Iron Store, Amount account, of New Fitting Shop, Amount paid account of New Forge, Amount Amount pai account_o Dock; Cost of one New Worthington Steam Pump and fitting same, 4,218.00 account of New Hydiaulic Installation, Cost of new Machines for Boiler Shop, Cost of new Machines for Engine Shop, Cost of new Machines for Coppersmiths' Shop' Cost of new Ma: chives for Bla smiths' Shop Cost of new chines for Cost Ton double-acting Steam Hammer for New Forge Cost of new Air Compressor, complete, for Yard 6,415.00
Text read from the printed page and cleaned; old type leaves the occasional error.