ENTERTAINMENT
HARMSTON'S
$
GRAND CIRCUS
Location: CAUSEWAY BAY.
THE HONGKONG DAILY PRESS. WEDNESDAY, NOVEMBER 16TH, 1910.
LAST 4 NIGHTS! LAST 4 NIGHTS! MATINEE: TO-DAY AT 4 P.M.
Our Special Programme for the Little Ones, Nothing Curtailed. Doorn Open at 3 o'glock. Performance at 4 sharp. (Children Half-Price to Matinoes only.)
TO-MORROW NIGHT!
BY SPECIAL REQUEST.
AMATEUR RIDING CONTEST
(LIMITED TO SIX ENTRIES.)
A Handsome Trophy will be presented to the Competitor making the best attempt at Standing on his feet, three times around the Arena,
aided by the mechanic.
FRIDAY NIGHT! CONTEST FOR LOCAL GENTLEMEN
| SHANGHAFS RUBBER PROBLEM. state management, and under him there,
WAS
of
the
of
the
would be the necessary clerical staff to carry on THE FIRST STEP TAKEN.-
the office work. They would have the boneft of the sdrise of the best A public meeting convened by Mr. E. B. and who would visit all, hert who could be got ostatos and bo in Lattin was told in Shanghai luat Wednesday to touch with their managers and be able to roport consider Shanghai's position in relation to the to the Shanghai directors and shareholdera, rubber growing industry end to take steps to once a month, reliable details of the estates and put matters on a
footing than they are chuir working. They would also have their The hall prosent,
absolutely fall, and own office to attend to the shipping of the the samber
betroo
and 300, pradace without any farther charge. Bamber prosent
practically represented
eally every section
these could be done at a very great saving indeed commanity. Directors of rubber companies, brokers, and other shareholders were present much he was unable to sy, but it
between this end and the
Further, Straits. and the intorast taken in the moroment was betuld be some three or four lakhs a roar sophmiset by the circumstapes that several
could curry the grouping to bedios were in attendance, whilst among the estate
estate mansgers, for As googmphi Chinese could be noted H.E. Wa Ting-fang, ont conditions would admit the estatea could be The resolution which was down for considera in charva of
experienced
general managers, un- tion by the meeting was in the following der whom would be nasistant managers, who worms:
would be ander the control of the
general That this Meeting hereby stoets a Coma- estate mans era. This would do away with the mitten not exceeding fifteen to consider the dual system in vague and the risiting agent, question of the Shanghai Rubber Growing which ako ulded to the cost of administration. Industry and any proposals that may be sent
All exa things, A thought, were practicable to them therennent. The Committes are iu- and necessary, but before the scheme could be structed to make their report in due course carried into effect a number of gentlemen in either through the Public Frass or to another Slangs
5 #i would bave to pas • Belt. of Sharabolders which may be called, denying ordinance, B meeting
thers were publie spirited men bare whe for the purpose."
were preporal to forego their own per. on solusents for the interests of this companion and the sharetolders they
represent ed. There was therefore some possibility of bringing a certain number of companies togeth- er, Llist was as far as the maungere and agenta were concerned. There was a number of other companies' agents who would not stand in the way of smalgamation. It was true that there were was otsin toch ical difhoultion in the way. It
STANDING ON REVOLVING TABLE interest in rubber was oxoedingly large. It
AIDED BY THE MECHANIC
A HANDSOME
TROPHY
FOR
THE WINNER
· LIMITED TO 6 ENTRIES FREE.
Look out for Saturday's Sensation.
N.B-Special Trame will Run before and after the Performante,
Fall Box 6 Chairs
**L
Sings Beat (Box)
Chairs
***
PRICES OF ADMISSION:
$15,00
3.00
200
Stalls
Gallery (Natives only)
Soldiers and Sailors in uniform Half-Prien to the 31 and 12 Seats. Hooking at RODINBON PIANO Co.
MADANE HARMSTON-LOVE.
COL BOB-LOVE
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..$1.00
50 ot.
Proprietress. Manager. Agents.
11281
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Hongkong, 16th October, 1907..
COLEMAN'S
:
EYW
he. was
berlain
This was proposed by Mr. Litile, who actod as Chairman throughout, seconded by Mr. Coil Holliday, and carried with a unanimity which showed that all those prosent were desirous of doing
something to help the situation. ME. LITTLE, explained the situation in s lengthy pooch.
I was not bis intention, he said, to namail anyone personally or any part! palar dass, but to find some method by which all interests conld be conserved. Shanghai's
was necessary for a director to have a qualifica had embarked upon tie industry of rubber tion in overy company that he directed. He growing and sank a very large sum, estimated thought that it would be possible to pass in most At avor 30,000,000. He supposed that of the companies a short resolution allowing the come mistakes had been made. It was quite appointment of directors who were not possible that at the time of the boom vendors the
That might sound a novel shareholders, put somewhat extravagant values property. Such mistakes
rld, where there were directors world, made could probaby be remedied. There the boards of companies in which they good basis, at dl events, in all the companies, scheme by which that might be worked out its
was a little or no interest. In order to arrive at a mo general fooling that there Thought some catates And
beca purchased at
W 19
first of all, to appoint a Commit- necessary high values there was possibility that under (po. He had endeavoured to show what he thought economical management the whole of the iures-could be done what we presticable. They tora
could be saved. He thought that many
and had
money
all
upon thoir
hoz suggestion. It was not novel ja the been commercial
hare to start on a small scale; but whether not sufficient funds Co
Committee to decile. A Committee should for working Some companies already had near therefore be appointed at the mesting ly reached the end of the sume available for consider the suggestion that he had made development, and would have to look round
and also other waggations. There had for further help. It was quite useless to attempt been made the sangation of a great trust to sell shares to bring in more mezuy. The to take over the companies, Other only possibility of some of weaker com gestions had been made. His proposition panies being carried on seemed to him to was that all these schemas should be given to a be some sort of amalgamation, by which Committee, who should carefully consider them they could assist one another. He had
further report to the Shanghai outlined a schemo whiçin had been before the and soake
public or the mee ing expressing their opinion public in the papers. This cam
echome might be whether or not this or any scheme was practic divided
into three parts (1) a grouping of the able. He had found the greatest dillonity in management, (2) a revaluation of estates, (3) a getting together a Committee, but four or five corporate amalgamation. He would deal Brst gentleman had allowed their numes to before with the scheme of corporate
this meeting as a beginning. He had approach- companies
| over "ondagroo that many of the estates were or not the scheme was practicable it was for thei
go
that a large number of the guided, he might almost asy, Jozens of persons and
at once.
smalgamate in a corporate union to further saced them to join the Committes, but while their interests. When he made the suggestion they wished the scheme saccoms they bagged to he was fully aware of the onormous difficulties be excused. On this Committee they wanted that lay in the way of such a scherne, and was
was publis-spirited man who would give some of perfectly aware that it was impossible to their time without reward in ordor to investigate bring about a corporate smalgamation of the rehomes and say if
if it were possible to sure the bulk of the companies in Shanghai all
all the Shanghai rubber industry from some of the A number of preliminary works had loss which must inevitably fall upon it. It was to be undertaken before that could be
be arrived
There had boon a suggestion that it was quite hopylees to get good companies to Hers should be a Rubber Growers Association. amalgamate with rotten ones That might or This was an excellent scheme, and he
he thought might not be so; a great deal was promised in that it should be brought before the Committee saying that these companies were rotten. They and that shareholders hould be invited to join had a value, and it was necessary to find out the oh an association. There would then be some value of those before an amalgamation could be definito legal body which would elect a brought about. It had been suggested that Committee, which would perhaps be the it was not possible for a general amalgama best possible Committee that could be tion of all the companies, but at any formed in Shanghai to consider all the rate thera be a preliminary amalgama sahemes concerning the rubber industry. tion af com groups.
Companies
Abor
tho TOR o'ation had been passed Mr. which word geographically contipabus Littis asked the mewling to
suggest gentlemen one other might unite; then the amalgamat for the Committee of Management, and the ing spirit wond row, and they would suck for following were chosen a wider smalgamation. It was said
that the hareholders of the stronger a ly refused to consider any sort of
malgamate. that they were satisfied that their
Companies were on a good kasis, did not require muy as sistance, and did not think any bonesta were to be derived from an amalgamation. There were
rate a number of weaker
at. He bad heard again and again men say that fiitem that the Committee should not exceed
to
to
Messrs. Brodie A. Clark, J. D. Chrk, Cecil Holliday. E. S. Little, W. V. Drummond, E. C. Pearce, L.. J. Chhitt, W. 8. Jackson, H. D.
D. Hutchison, J. Walf. H. Bater, M. M. Afshar. H. 1. Montague Bell, G. II. Pott: aud S. A. Hardoon.
Messrs. W. 8. Jackson. Leslie Cubitt and
12, 15, or 20-ho did not know hoanies. 10, E.-C. Paron have written to the papers to say
there were companies that might ta negracions," they had already notified Mr.
but that, whilst not wishing to appear in any way
I
tile before the masting that they were unable
to serve, shou'd their na new be put forward,
MALAY RUBBER EXPORTS.
with the best of advantage possible to themselves, A dosen weak units, scattered and disunited, would go ander much more readily than siz Seven, or twelve units brought together, united in their management and is their control. It was not at all impossible that if there was an
More interest than usual attaches to the amalgamation of these worker companies they and report of Mr. B. G. Watson, the Acting might obtain financial assistance to a point wore Resident General, on the finscoes and adminis they would be able to give profitable returns,tration of the Federated Maloy States, which has Before any such amalgamation could take place just been inaned no a White Paper, because of it would be necessary to have a revaluation of the immense amount of capital which has bean the estates. He quite recognised that that diverted tu thit per
the world connection meant time and at also mount money. He with the rubber industry. It appears that the
Не thought, however, that Shanghai was at the moment not prepared for a large scheme of quantity and value of cultivated rubber exported of give the wonderful increase of 92.31 per cant.and corporate amalgamation. Realising that, 21715
par cent, respectively, this being but not losing sight at it. the 6.087.815 I., valed at $14,455,982 goil to be mined, at, there was the first the dollar being 2. 4d.), as compared with of the amalgamation to high 3.165 600 the with a value of $4,558,025 in the and which he thought was proceling year. In 1905 the valus of this ax clisle
and possible-that was the part was $529.126. The number of rubber
part
Le
kad
4.5
༣༠-
VALUS Of
==ther
of the componics for manage-estates in the Federated Malay. States is return-
That scheme might inmediately occupy ed as 37, their acreage being 500.431 acres, of their attention, and be proposed to boy it before which 196,953 zeros had been planted up. the committee if elected. There were at present
VIRE E ke 180 directors in Shanghai,
RESULT OF THE “BOOM.'
Mr. Watson further states in the savie
about the same work and covering the sutne grosed. The bulk of this work, with an report that there was a steady upward more. ament in the price of rabber in the Federated officient clerical and secretarial sta, could be Mainy States from 58. Oil. per Ib. in done by six or seven mon, and the onormone
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SAVIES
directors and other fees that would January to 9. id. in November, and as it is estimated that it coste from Is. averns to
a grouping amalgamation would be to
to 18. 3d. per ib, to place the rubber on the there were 40 or 50 different market, these prices, says the Acting Resi appreciated. Ther sets of manageze and agenta dire ting the officers dont General s phenomenal
give
profit. Two tha
he did not companies, needing he know how
and independent loan fauds, organised and how many men.
parats any roomA
He had
by Government, were in operation been in some oflees in which it seemed it would year-the planters' loan fund and a State fund
during the be almost an ast
an act of charity to give the secretary from which loans are made to native cultivators 10 do. All would agree that there for the improvement of their holdings, and it i song hing to do. Wag not cafcient work to keep 40 or 50 ms-recorded in the report that the extraordinary
regoing as the nibber industry at present prosperity of the rubber industry and the flota existed in Shanghai. Ofis coats ning twe ortion of many private properties as limited com three rooms would be sufficient for the
largely panics. admitted of a considerable number of secretarial work which had to be done | fonas being r paid. this
i ond. Shanghai With a therenghly eficient secretary who understood rubber
and rabber
an accountant, a typist growing, with
of coolies for and a for, any, Tis. 1,500
running ohite, they would
month, to do BU the full staf
Work all the at the Shanghai The speaker next ro ferred to management in the Straits. He had no idea what Shaoghai was paying for estate management in the Straits, but he had been told that about a dozen or tito: companion were paying about Tls. 250. F month to agents down there--or about Tls. 30,000 or Tla. 40,000 your. Than
there was a commission. fur shipping
pping rubber and other commissions de- rived from supplies to the estates. If the com- panies amalgamated they could have in charge nuk 71gator managing director a man thoroughly expert in all the details of rubber growing and
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[1134-3