Notes between 1880-1890

Some Interesting stuff

1) In this period of era, more information was told about the company reserves. Eg 
   We were told that in (1883-5N), (1884-5N), (1885-5N) and (1886-5N), the portion of HSBC's 
   reserves that were for equalization of dividends. In fact, come to the early 1900s, we have
   even more information about the composition of the listed companies's reserves
   
   In (1885-9P), we were told the Indo-China Steam Navigation Co, its working acct is at credit 
   of underwriting acct.

2) What are the actual basic requirements for the companies to be listed in the stock
   market.  Some companies are really big, like HSBC with huge amounts of reserves, but some 
   companies like Cooperative Cargo Boat (1885-37N) have only 1000 plus Taels of reserves.

   I also find it interesting that banks can have no reserves (though quite a substantial amount
   in the working acct) - See New Oriental Bank Corp., Limited (1886- 6N). Interesting also that
   in 1886, it has a substantial amount in working account, no money in the reserves,but in the 
   following year, the situation is reversed. It has no money in the working account, plenty in
   the reserves

3) During this period of time, some of the companies become private limited, hence changes in 
   their names. Eg:

   Shanghai Tug Boat Co, Limited in (1887-8C)
   Perak Sugar Cultivation Co, Ld in (1887-46C)
   North China Insurance Co, Ld in (1884-19C)

4) During this era, especially in 1883 many companies experience a change in capitalization strcuture, largely
   a dilution of shares. See below under the section "change in capitalization structure" for more
   details.


Some things to take note of

1)	Again similar to the previous documents, many companies have quotations just stated 
        nominal. Some of the many examples during this era are:

-	China Coast Steam Navigation Company (1881-8D)
-	China's Shipowner Association (1881-10D)
-	Shanghai Shipping Company (1886-10D), (1888-10D)
-	Chinese Insurance Co., Limited: (1889 -24D) and (1890-26D) - The company has quote in $ 
	but not so for the qutations in Taels.

2)	Taku Tug and Lighter in (1890-13D) was denominated in T.Taels which is Tienstin Taels.

3)	Closing quotation excludes dividends. Eg:

        Taku Tug and Lighter's (1890-13D)
	Sheridan Mining Co (1885-34D)
	

4) 	For some of the quotations, it was simply stated as "discount". Eg:

-	Indo China Steam Navigation Co, (1882-10D), (1883-11D)

5)	Some of the companies, its dividends was stated as something like "$40%" - has assume that
	it is %, since in subsequent years, these companies also have large dividends yields stated
	explictly in % form.

-	Hongkong Fire Insurance Co, (1883-27S), (1884-25S), (1886-25S)


	


Change in Capitalization structure

1)	Shanghai Tannery Co 
	Value of shares in 1881 was 100 Taels (33H), and paid-up was 75 Taels (33K), but in 1882
	both value and paid-up of shares decrease to 50T (40H and 40K)

2)	Indo China Steam Navigation Co
	1882: No of shares was 50000 (10G) and value of shares was 10 pounds (10H), and 8.5pounds
	(10K) respectively.

	1883: No of shares increase to 60,000 (11G), and paid-up increase to 10 pounds (11H). Par value
	of shares remained the same.

3)	China's Trader Insurance Co. Limited
	1882: No of shares was 600 (19G), value of shares: $1666.7 (19H), and paid up was $500(19K)
	
	1883: No of shares was 24000 (20G), value of shares:$83.33 (20H), and paid-up was $25(20K)

4)	Union In. Society of Canton Limited
	1882: No of shares was 500 (21G), value of shares:$2500 (21H), and paid-up was $500 (21K)
	
	1883: No of shares was 2000 (22G), value of shares:$1250 (22H), and paid-up was $125(22K)

5)	Hongkong Fire Insurance Limited
	1882: No of shares was 2000 (26G), value of shares: $1000 (26H) and paid-up was $100(26K)
	
	1883: No of shares was 8000(27G), value of shares: $250 (27H) and paid-up was $25(27K)

6)	China Fire Insurance
	1882: No of shares was 4000 (27G), value of shares: $500 (27H), and paid-up was $100 (27K)
	
	1883: No of shares was 20000 (28G), value of shares: $100 (28H), and paid-up was $20 (28K)

7)	Birt's Wharf Hide-Curing and Wool-Cleaning Company
	1882: No of shares was 240 (30G), value of shares:250T (30H), and paid-up was 250T (30K)
	
	1883: No of shares was 2100 (31G), value of hsares: 50T (31H), and paid-up was 50T (31K)

8)	Yangstze Insurance Association changes its denomination of shares from taels in 1883 (23I)
        to pounds in 1884 (21I), and in 1889 changes its denomination to $ (23J)

9)	Shanghai & H'kew Wharf Co.
	1883: No of shares was 2150 (30G), value of shares was 100T (30H), and paid-up was 100T(30K)

	1884: No of shares was 2867 (28G), value and paid-up remained the same.

10)	Perak Tin Mining & Smelting Co.
	1883: No of shares was 5000 (35G)

	1884: No of shares was 3000 (33G), paid-up and value remained the same

11)	Sheridan Mining Co
	1885: No of shares was 2800 (34G)

	1884: No of shares was 3000 (35G), value and paid-up remained the same

12)	New Oriental Bank Corp Limited
	1887: No of shares was 54700 (6G)
	
	1886: No of shares was 50000 (6G), value and paid-up remained the same

13)	Indo-China Steam Navigation Co
	1888: No of shares was 49589 (9G)

	1887: No of shares was 60000 (9G), value and paid-up remained the same

14)	China Shippers' Mutual S.N.Co.
	1888: No of shares was 7662 (11G)
	
	1887: No of shares was 50000 (11G), value and paid-up remained the same despite this big
	      decrease in no of shares.

15) 	Taku Tug and Lighter
	1889: No of shares:8600 (12G), value of shares: 50T.Taels (12H), paid-up: 12T.Taels (12K)

	1888: No of shares 2500 (12G), value of shares: 100 Taels (12H), paid-up 100 Taels (12K)

16)	Hongkong & Kowloon Wharf and Godown Co., Limited
	1889: No of shares was 17000 (36G), value $50 (36H), paid-up $50 (36K)
	
	1888: No of shares was 17000 (36G), value $100 (36H), paid-up $100 (36K)

17)	New Oriental Bank Corp
	1890: No of shares was 58800 (7H)
	1889: No of shares was 54700 (6H), value and paid-up remained the same at 10 pounds

18)	China Shippers' Mutual S.N.Co.
	1890: No of shares was 12145 (12H)
	1889: No of shares was 7662 (11H), value and paid-up remained the same at 20 and 13 pounds
	      respectively.

	


