FRIDAY, DECEMBER
COMMERCIAL.
MALAYSIA RUBBER,
1918
work during the your conditions, and their ind geni, Mr.Heulers.
VILLARISONS AND... CROAT On August 0 we received a M, Kealemana (or agent infeming us that he had The twelfth ordinary general meeting close Penang office at the and of of the Malaysia Rubber Company, Ltd. September. This made it becessary for w held on September 25, at the Bats to reconsider our agency strange bey Growers Association, 38, Eastcheap,ments in the East, and the houd took B... Ms. George Corderoy chairman the opportunity to review the whals peel tion with regard to the serial and and managing director) presiding.
The Chairman, in the course of his agency rangongata of the company,
Nepre- speech, said Notwithstanding the fact and, after consultation with our "That, thus, amorint "al, rubber harvested | bary, Mr. G. A. Merdonald (who wa
co-founder with run of this company 'aluting the year, was 433,095 fos, TH, 13
and
THE CHINA MAIL
CENTRAL POWERS LOOT
INTIMATIONE
The Financial
ISTUCK
COLOSSAL PLUNDERING
H
pendent of the DELK TRAMWAYS, COMPA Frota on Septenibar,
LIMITED.
TIME TAX LAKE WEEK DATE.“
HONGKONG G
OFFICIAL QUOT
DFCEMBER
*ONS:
10.90
Babardaya
(6,00%,m, to 28,00
The Austriso peace proposal shod light on the plundered indematty by the Centrals. Se sources of hawk give approximate actimates of the total booty wrung fam the countries, and territories invaded by the Imperial armies of Garmany and Austria Attila. manga was an insignificant marauder with Eiser Wilhelm Before the resant victories of tha Allies the German Press, especially the "Frankfurter (against 373,080 s; net in 1915, the net who has served on ao loyalty and tell Zaitung, the Tesding financial organ profe was only £17,291 148., s against since its inception, and mature con Germany,sted that the Empire could 850 8.80 pas 228,525: 186. 5il, in [he previous year, sideration, came to the conclusion that partly pay the huge war debt with the This is wholly accounted for by the de- there would be colerable advantages plunder aptured, by the Imperial crease in the selling price of the rubber, in coming to an argument was the Armies in occupied territory and“, in which was 28. 0@2d. per the net. as well-known firm of Harrisons and Cros-Ran This plan was advocated at against 24. 7.1id, per lb. net in the year field. Limited. to act as secretaries and the time of the great German offensive 1915. The riserve in the fob cut la agenty for the conduct of the pairs of in the spring. The Rhenish organ only very lightly up. v., 14 1.65d.the company in London and Alalaya, and remarked complacently that it is impos për lb., 'se against la. 0,00d, per line have entered into an agreement with sible to estimate the loss
5.30pm, ba: 8.00 p.m...Every 10 6.00 pm, to 7.00 p.mzalirery 15 396, notwithstanding the increased cost them on not in these capacities from through the devastation of town and 2.007, bo 8.00 pm..y 10% of materials and general exposes and October 1 next. I cant let the op- rural districts by the German armies, but
NIGHT CARS umn Wook Days!! the tobill cost is only 0.29d. per 6. more portunity pass without expressing my the gain to Germany by pillage and
SATURDAYS EXTRA-CARS, than in 1016. While this favorable personal obligations; as, managing direc-] requisition can be onlculated. The
130p.m. and 13 midnight. rot is mainly due to the increase in 'tor to our secretary, Mr. Macdonald. Eighth German War Loan returned
SPECIAL CARS by arrangammond 14, the the rubber harvested, it ale shows that for his zealous and unstinted wrvice, £720,000,000, and raised this debt of Company's Oos AXTARDA BUILDING,
Season and punch tokofs available for - expenditure has been carefully watch which has been of great value to the the Empire to £1,360,000,000 consoli-Dee For Bond Centrálne pregén
After referring to changes of company, and in saying this. I am stare dated since 1913 The most effectuall am not already fall running at the 21
not for special cars, can be oblined amgement and the many changes in that I am echoing the sentiments of ours for covering the heavy waisted in the Company's time table th staff he continued: "We have cos
expenditure are ready to hand in the application at the Company's Offer No Season ticket will be issued until booty captured and money artorted in payment therefor has be made to Bank Ainued to devote every attention to the
the occupied territory.
Fotosor by Choque or Compridors order health of the tree and to the checking
presenting Hank Note
JOHN of incipient disease and the drainage and deep cultivation of the estate. The build.
Jugs and plans have been fally asia
tained during the year under review, and our visiting agent reports favourably,
colleagues. We shall still have the ad vantage of his aneciation with the com pany its soleix, and I know his interest in its weliare' will continue.. I conclude by moving the dioption of report and seemmis, and will ask colleague Mr. T. A. Ball to second
motion.
the
3. T. A. Ball, said it was clear from
to France
11.30a.m.18 13: 19.10 to 1.39 pu
200 do 8.50
· 19:00 nochi to1230;
-War) but
The German armies are the best instrument for the amortization of the war debt by sequesting the enemy my! theming six months, from October, 1917, to March, 1918, the Central Empires captured a value of £75,000,000 solely in arms, munitions, and railway rolling
clothing, pil, fats, copper, and rubber sized in the north of France suficient for German needs during an entire year. The total plunder of the Imperial armies and German administrative extortions in invaded countries are equivalent to a big war indemnity, and
Are most beneficial to Garman fissuces. Since the recent defeats the tone has changed...
ander date July 1, aspen the condition the chairman's speech that the imme-stock. To this booty must be added abe, estate, The fabour position is notate cutlook was serious; inasmuch they
dr from anxiety, but may be described, had a large disposable balance, which
for precautionary reams they were ale to distribute by way of chividends At the same time it was "worth while taking a longer view of the position, and thought the shareholders would agree in the report over 40 lbs. per re that the acreage put they disclosed
and the fact that in spite of all the diff culties they had had to encounter in the past year there was an increase in cost
..
“A MLANH OF ESCAPE.
A German, Herr Herman Ferman wrote recently in the Swiss review, "Friedenswarts that now all nations
gentally speaking, se satisfactory. As int nated in the report, our application for additional land has been turned down By the Government in common with all nilar applications by other companies, wing to the conditions set up by the war. These conditions are very difficult and shave occasioned both expense and antiery to the board. Oring to the of under lis per b., were two heing up in arms against German satisfactory features. As the profit a Imperialism, that Empire must become striction of cutpat enforced upon us bed was equivalent to 37 per cent. sa democratic Stats to escape from reduced demand, consequent mainly on their capital, he ventured to think that the nationing scheme introduced in the after the removal of the present restric United States, with the resulting droptions and of all the dificulties that y had to contend with at the prosent in the "selling price of rubber, the pre moment, their company would rank ne sent outlook of your company, in comme one of the best and most satisfactory of with that of all other companley, Je far rubber investments. He had pleasure from bright.
in gesonding the motion
PRESENT SITUATION.
Some attempt is being made in the F.31.5.pio give relief to the industry by the supension of the export duty and the war tax, and there le a suggestion that
the "Ametiena manufacturers will press 'the Government to allow more rubber to
The Chairman, in reply to questions, said that the arrangement with Mars, Harrison and Crosfeld would be merely that they would act se agents in the East and secretaries in London.
The motion was cared manimously, The retiring directors, Mr. P. 7. Eur gems and Mr. T. A. Ball, were unim posly re-elected, and the auditors, Mears. Hartley and Eartley, were ro appointed..IR &
Be imported into the United States. The whet position of the industry is inde review by the Government wrthorities in consultation with the Rubber Growers Association. I am not in a position to forest the probable outcome of their man, directors and staff Helbenstions, though some people hope tarminated the proceedings. thut • minimum price for the product | "70.g
will be fixed. The situation is such that It believes all concerned to exercise the grant prudence in connection with the: finance of the companies for which they are responsible and to conserve their resource.
اوند
Turning now to the accounts, it is kueessary to boment upon them at Iength. The reserve fund now stands ta total of £14,025, made up as to £10,000 general reserve and £4,020 in respect of denenture redemption fund. las already stated, we show a net profit, £17,201 148, giving, with the amount -21 £4173 152 6d. brought forward from 1910 (6.8, the amount of £16,675 15 bd. bught forward from the prices, profit and loss accourt, less the Anad Balance dividend (4,500) paid in respect of 1918, and the mount of £8,000 paid account of excone profits duly for that year), a total disposable balance of
221,407 On. 6d. As stated in the report.. interim dividends of 15 percent, mounting to £4,500, have been paid during and on socotes of the year 1017, and the sum of 1,150 placed to deben tare redemption fata The director regret that they cannot recommend: the payment of any further dividend, baving
for
to the need siready role
rving the liquid seeds
the lado Excom
duty and the precarious gen
I can add
Las report
to the Bund
Bos
ing? to
A hearty vote of thanks to the chair, the East
1
COUGHING INTO CONSUMPTION
*Only a Cough" but you stop
it while le ONLY a cough.
WATERBURY'S METABOLIZED COD LIVER OIL COMPOUND
The Snest preparation made for combating jerece coughs, CURES
only a
coora fapt
Very palata
OF ALL CHEMISTS
31.25 and $2.25
economic war and commercial and financial ruin, The organization of German demoracy would be the most brilliant of victories. On the ather hand, Professor Oppenheimer replied in the "Frankfurter Zeitung to the alleged statement in the British Pres recommending the exaction of a war indemnity from Germany amounting to £80,000,000,000. The professor retorn ed in Egurss. He showed that the the national fortune of Germany before the was was £16,000,000,000, and the Stats revenus £1,500,000,000, There fors, in the event of the Allies victory these could not obtain au indemnity. of more than £600,000,000 annually calculated on a nathal capital reduced to £12,000,000,000. The leading object of the war is 1914 was planned economic and financial burglary In many Swiss and German Gaancial quarters the paternity of this gigantic plot is attributed to Dr Holferich.
TEETHING WITHOUT TIARS.. A NEW LIGHT ON BABY-KEARING..
It is a recognized fact that Babies and in fact all, Children need medicines of their own, and that most, © baby- medicines do more harm in the long ran than good. Also great mistakes are often made in messafing doses for tiny Baby's Own Tablets, the point medicine for Children of "alt":
Egea, meet every difficulty. They are. guaranteed to be absolutely? harmless and free from opiates. They are 50 Soft that they fall into powder at very aught pressure, forming an ideal dose (for Infants
Baby's Own Tablets are pleasant to the taste sightly larative, comforting and digestive mecific for feverish- ness, constipation, diarrhea and worms. At the time of teething they act like, magic, giving pains sleep and y teething, she adde
Obtainable from.chemi also at 60. cents, the vial por free from the Dr. Williams Meden Road Shanghat “**
Srechten
HORLICK'SOUDA
MALTED MILK
full-cream milk, enriched with choice ma
cat, in powder formy, keepa” indefinite
THE FOOD DRINK FOR ALL AGES!
DAT NIPHONE
BUMPHREYS & SON, General Managers."|||
ASAHI BEER
PILSENER BEEN
ASAHI
PAZIS
BEER
HESH
LAGER-BEER
SPECIALLY BRIY
EWERY
(EXPORTS)
COMPAR
Union
Far East
Chim Fire Hongkong F
EK. Steambor Indo-Chinas (Fre
Do (DL) #156 Shell Transports..... Star FerriesTM
Raubs......
34 per cent, per sunara..
5. J. STARE
Chilet Manager.
Every diagr
-8: STEPREJ, Kaj,
BANKERS-Lombow Countr
DIETER & PARK'S HAKK LIDL
Chine Sugars *** Malabon Sugars in
On Current Account að the rate of Two per cock, per sansaan oma fin dally balance
Faid-20 Feserve
Kailan Mining Ad
Langkats....
131 ss....
Tronoh Mine
39/- bi
Ural Caspiana
DOCKA, WHARVER, GODOWEL, AU
& Wharts $101, 104/5 ea. H. & W. Docks
Hongkong, Cet. 16, 1915.
Shaf Docks,
New Engineerings TANDE, HOTELA &
Central Extates. Hongkong Hotels Hongkong Land Humphreys
1.03 z
$90 m
Kowloon Lands West Points
COTTON MILK
Ewo Cottons
Kung Yiks
Laon Kung Mows Orientals
Shanghai Cotta
HONGKONG BAVINCI BANK.
STUE- business of the above, Bank is A conducted by the HONGKONG AND SHANGHAI BANKING. OOR-
FATERESTSalion
Accents al: 3 per cent
on Daily Balance, and on Fired: Duptat xt rates which may be sadertafond. application.
FORATION. Buies may be obtained oro. 7 Queen's Bond Cen
INFEREEFT on deposita. In allowed on
the sinema, monily baladies as 35 | BANQUE DE L'INDO CHIN
·FEF CENT* par" sunum.
may kaskler at thķir option balances of
NGKAL BANKS
FIXED DEPOSIT 11 4: PER CEKE.
For the Hongkong and khanghal Barking Corporalite
F. J. STARB 3
Hongkong, May 16 1916,
(FRENCH BANK)
15bis Rao Lafite, Paris.
BRANCHES AND AGENCIES:
Bangs
BAY CASTON
BANQUE INDUSTRIELLE DI HO
CHINE
SusicISED CAPTIAN,... Brapon 45,000,0
2,500,00 (1/3 of the Capital, L. Franz 13,000,60€
vain sabucribed by the Government of:
the Chinas Bapabila).
Yangiazepoos $187.
-MISCELLANZOUN
Camente. $8.50 b. & 3,60 sa. China Bornood 104
China Laghta..
China-Providents, 88.00.
8.00 B
Dairy Farms,
HK. Electrice
Macan Do
Sw
Hongkong Ropes ILE. Traurways...
Peak Tramways (Old)
80- $7.00 b.
#70b
of Directors Cepers? Man
$3.95 b.
EE. Steel Foundries Water-boats
#13
Watsons
(5.16 6.
19
CHINA MATT
PUBLICATIONS:
BTAINABLE the DHIWA MA
10 O
kong p
da BfNew) Steam Laundries,
Powells
ANT-BUROPPAN Non ASTATIuor AINDIAN desiring to lare, the Colony should apply in person at the Central Police Station between the hours 19 EX to 1PM. and TPL to 4. P.M. tally
Chairman of the Board vi
HEAD OFFICE
14, Bon Saint-Exmaro,† PARIS.
•BEANOEDÉS 23
SHANGHAL
HONGKONG.
FERING.
BAIGON HAIPHONG TUNKANTOU,
"DANKERS
In FRANCE: Sodé Générale pow
MATO
Banque de Paris d'Escompta de Paris;
Credit Industrial et Cons
// Generala.
TLUNDON: The
Union Bank of Kong
toir: Nationa
Credit Lyonn
IN BEW YORK
Interest allowed on Luftent
and Fixed
arrangemental
toa
Every descri Exchange Busines, Trans
Howrking, Oct. 19, 1918.
favoricele Développement THE YOKOHAMA SEE Commerce et de l'Industrie en
In LONDON: London County Week minster & Parga Banki Lás London Joint City & Midland “Bank teams lid.
In NEW YORK: FZuh
Correspondents mernisi centres of the worlder.
AUTHORS Fath te
COCA
Address LOHIB SETIDA
Applicants will be required to produce febr Pamports or identification papers, All Interesir allowed on Current Accounte persons, with certain exceptions, who and Bizad Deposits in Local Currency remsta in the Colony for more there and in falde Terms on application. Sadays are required to Register (hemEvery description of Banking and
elves under the REGISTRATION of Rxchange business transcuela PERSONS ORDINANCE 1916 Formus
if Registration giving the particulars
enquired may be obtained at the G.PO
and stall Police Stations.75
The Penalty for non compliaam is a Ene not azmeeding $50
BANK
THE BANK OZ TAIWAN, LTD.
(LAIWAKUZEO).
ENCORPORATED EZ ÁRBOLIK, DEKLEY
Capital Babestil Capital Paid-up. Leave Funds
DBI
HEAT
OFFICE
Special facilities for French exchange
M BOURT DE JOURNES,
Pe Manager? HONGKONG BRANCH IN Queen's Briklingo,"
18, Chat
Hönd.
Tel: 3440
15 1914
H
SPORTE
BANK LTD.