Page
COMPANY MEETING. GULA-KALUMPONG RUBBER ESTATES:
PROTEST ON BEHALF OF CHINA.
SHAREHOLDERS.
THE HONGKONG DAILY PRESS. SATURDAY, MAY 19′′. 1917.
SPORT
BOWLS
Those two well-known skipa, C. Bond and J. Blake, tried conclusions on the Civil Service greent in a game of 21 heads for spoons on Thursday evening and, although the former had to admit defeat by 3 points Blake's team, allicit achieving a meritorias win, did not have seemed possible, for they were leading 180 at the ith hosd; and 19-7 at the form Sporting event when It will be a good. the match is replayed. Boores→→
H, Mice Capt. Richardson. H. J. Stanley J. Blake
(Skip) 22.
J. Oxberry: Cal Ward, M.P. Lieut. Thornhill. C. Bond:
(Skin) 19.
HONGKONG MAGISTRACY.
COAL THEFT
Because he was exceedingly hard up, a fitter, who has been out of employment for several months, went into a Chinese house,, removed a timepiece from the wall and walked out. He was subsequently arrested by a lukeng, to whom he re marked that he took the clock the the
Mr. Melbourne sentenced him to soven
days' hard Inbour
DISORDERLY JAPANESE,
with a rubber estate, and particularly of this estate, was of very great value. He proceded I am sure you will agree that we are exccbdingly fortunate to having so able a colleague on the board (Hoar, hear) But since the report has been issued proxies have been lodged from Shanghai with the object of opposing the The seventh annual goneral meeting of re-election of the two refiring directors
(Shame")--and notice has been served the Combo Blu Hotel, London, Mr. that four gentlemen three of whom are this company was laid on March 28th at Frederick Anderson, the Chairman of the unknown to us, will be proposed at to matters all their own way, as at one time intention of pawning it.
day's meeting as directors of the com: COMPARY
presiding Dealing Arst pany. It is not clutit how four gentlemet The Chairman said: -- with the company's properties, the area are going to occupy two sents, even if planted with rubber remains the same they are vacant, as I am sure they, will 4,417. aures the reason: being, as I have not he (Hear, hear.) Of the four Mr before stated, that we have no more land Robert Bould has been a small share available for this caltivation, We are holder for some time, and is the only one who has any interest in this company now practically at the end of the capital as far as we are aware. The other three expenditure on rubber. During the past as fr
Charles Wieford Brown. fare: year the manager has, with the board's re
Horace Gordon Peters, solicitor Mr. approval, continued thres, and he re-to both, and Mr. Frederick Rush
thinning out the solicitor, both of whom are membere more closely ports a marked improvement in the re- maining trees and also in the renewal of ton Allets, of whom we know nothing bark. You will be glad to know that the thus candidates have ces prand Cooper Hunt met and defeated Red estate has been remarkably free from the ing these been received various pests and diseases to which rubin reply to a circular issued to shave holders in China, of which the following is an extract: A number of share purpose of having their interests repre seated at the forthcoming meeting and trust to receive your support The wording of the circular is quite innocent of four new directors, who are not only application the propused unknown to you, but I am sure also un known to the Shanghai shareholders-i
interests of shareholders are going to
ber, trees are liable
THE AREA UNDER COCONUTS.
ME
HONGKONG TENNIS
TOURNAMENT.
When a Japanese of the Wanchai district was charged with behaving in a disorderly manner, Inspector Sim stated that a lot of drinking was going on among the Japanese in that area. The defendant went up to a surface-man, who were employed on the tram lines, picked up their working tools, and creat
in connection with the above Greened a general disturbance
mond and Wong Po Kia in a sumi-final Bag of the Championship Doubles last evening.. Play was always in favour of the scores reading 8-4, 6-3, U•%
Mr. Wood imposed a fine of $25, or, in default, one month's imprisonment.
At our meeting-st year I stated that holders in: China are cooperating for the the first-named pair who won can before Mr Melbourne on charges of
the board bad decided to extend the area under coconuts by a further 250 acres. on this area only 13) acres had been actually planted by December 31st, but the planting of the remainder has by this time been completed We have decided I continue extending this cultivation gradually, and hope to be able to report
#
but the
To-day, what should prove a most attractive game is down for decision, Kwong, and Wong Po Keung in a seint when Nisbet and Dodwell meet Ng Sze
final game of the Championship Doubles to decide who shall meet Green and Cooper Hunt in the Gnal. The match ties Court, is timed to commenté at 4.45
further 250 aores planted by the end somewhat drastic. It is not clear how the which will be played on the War Chori-puzchaser from 1 to 2 per cent.; and of the year. Let it be understood that advanced in this commercial undertaking hod is not being planted with coconuts by the presence on the hoard of two solici
tors
DISHONEST SHOPKEEPERS. Thore were several Chinese shopmQU
using fnise scales. A brass, merchant was fined B10 for possessing scales which $15 was the fine imposed upon a grocer went 4 per cent, against the purchasor;
for having scales 5 per cent against the purchaser; another grocer had to pay 810, his scales and weights going against tho
thera were seven weights which were all in favour of the shopkeeper. A small dealer in spices who had scales which went against the purchaser 12 per cent. was ordered to pay 810. Inspector Torrett made the raids, which resulted in of this company from London,
the shopkeepers being brought to justice. no board of directors, even if they were all solicitors, can do anything of the A boxing display, which promises to
With regard to this so-called provide a number of interesting contests, HONGKONG SHARE-MARKET, kind grievance of a section of the shareholders has been arranged by members of the in China-and it is only a section of the Hongkong Police Reserve and will be Messrs. Vernon Smyth, in their shareholders there, for we have received given at the Volunteer Parade ground on weekly, share report dated the 11th May, very good support from China we all May 19th in aid of War Charities, 1017, stato**** know
Our last report was dated 4th May, that taxation is at the root of it.
star turn is to be a meeting No one likes to be taxed too heavily, but between Scott, the local champion, and and in the interval the dullness and in- most people realize at the present time Gunner Craig, of the US Navy activity, reported last week, has con
has met some of the best heavy tinued and a very sinall business is to revenue are unhappily necessary (Hear
in preference to rubber, but because the
Hear, hear and laughter.) It land is not suitable for the latter, though is quite certain that so long as English eminently sailed for coconuts. The cost spread over six years is approximately are united in opposing tha £35 per acre, exclusive of the cost of the land. I do not think that 7 per acre is at all an extravagant estimato of profit when the areas are in full production. If we may then safely count on a net pro fit of £20,000 to £23,000 a year from copra that would be equal to 5 per cent on the whole capital of the company. Dur ing last year, which was one excep. tional difficulty in the matter of disposal
BOXING DISPLAY.
SOME INTERESTING CONTESTS PROMISED.
of our copra, and from an area only par that large contributions to the nationaghts in America, including Gunboal) be noted in either speculative or invest
tially in bearing, we made a profit of about £5 per acre.
OUTPUT AND PRODUCTION COSTS.
The total output of rubber was about
hear. Perhaps, too, the idea of control Smith (the man who knocked out Bomment stocks Notwithstanding this, the ling the company in its present state of burdier, Wells), to whom he lost on points, market has kept fairly steady, and there
INTIMATIONS
LANE,
CRAWFORD & Co.
NADE
AERTEX CELLULAR.
THE IDEAL MATERIAL FOR
SUMMER WEAR.
WE HAVE ALL SIZES IN
"AERTEX
UNDERWEAR,
SHIRTS, PYJAMAS,
UNDERVESTS- FROM
$2.00
PER GARMENT
TRUNK DRAWERS
EXTRA LIGHT WEIGHTS IN
DAY AND TENNIS SHIRTS.J
KHAKI SHIRTS
WITH COLLAR ATTACHED.
NON-ACTINIO LISLE THREAD «AERTEX
UNDERVESTS
AND GOLF SHIRTS FROM" RED - YARNS WHICH HAVE BEEN CHEMICALLY
6 per cent. below the manager's estimate.Prosperity is not unattractive to cortar and has a knock-out victory to his credit seems to be no great disposition to part due to the adoption of a more conserva people who have had no hand in build over Arthur Felky, who is well-known to with stock at present low level of prices. TESTED AND PROVED TO BE ABLE TO WITHSTAND THE HOTTEST SUN. tive tapping system to give a longer time that this prosperity is largely due tong followers. The contest, which is to Shanghai, owing to the Races, hae!
remind them. It may be well to ing it up.
be one
of 10 rounds, should prove well sourcely been a factor until yesterday, for bark renewal. The all in
cost of English capitul under London manage-worth seeing a production is a shade higher than last ment, and above all to the work I might Thero will also be a 10-rounds farewell but market there keeps firm. Singapore year, which is due to increased cost of almost say the life-work-of Mr. Boyd contest between the local light weight is quiet and prices show little alteration
seeks re-election.
Sapper Richards, R. E. and Battling on the week. of freights, ansurance, and landing
Mr. w. charges. Our gros sale price is a
Mr. Bauld then began to read a long abilities are well known Brannigan quotations for Rubber Shares: penny higher, which thay, perhaps, dis- appoint a few people who have a better statement, which, he said, would prove also has an excellent record, and as Alor Gajahs
the grievances under which the Shanghat memory for the high prices than they shareholders were labouring, but as his pair, judging from all accounts, will be Ayer Panas
well-matched.
ramme in Kedahs.... haw for the low ines.
remarks did not seem to declare the rea.
Other items on the programme. Kempas cludo shara I spoke at some length last year in det for which the re-election of the retir-
was opposed, the ing director fence of our forward-selling
said his reasons would be unintelligible bewoon Crol. Royal, U.S.M.C., and Malakofis
Sapper Sunleigh, R.E., & new arrival New Serendahs
materials used in the factory, higher rates who Bow Little seconded the motion. Brannigan,USAN. Richards cap The following are our latest wired
FORWARD SALES-
Glenealys
aeed not go over all that group and holders refused to hear him out, and he A6 rounda light heavy weight contest Malaka Pindas
again.
are wise Hand.
2.$ 4.25
12.00
2.60
4.25
8.10
2.70
4:40
4:50
5.20
I believe that the bulk of our shame if he did not read the whole statement from Home who has done a good deal of Seaverofts holders approve of a of replied he was a British subject.A
Bauld was asked his astionality and boxing at Middlesboro and Stockton, Tanaha 21.00 lines in regard to a
Plantation Rubber in London is quoted. Crop. We still bear orally a distant Samconei
The Unseen Kid
och US.M.C.. and Sailor Fox per b. Bar Silver is quoted 37% | growl, mostly from those who ar after the event, and whose approval or Ma Frank Souter paid a tribute s to the A match between Seeman Simos, R. N. Sterling TT is 2/41, Singapore T.T. is disapproval of our policy depends on the Board, which he regarded as a model and Supper Smith, R.E both of whom 101, Shanghai T. and the Beaks's buy accidents of the rubber market. For their benefit, may I point to the fact the one," because the directors consisted en created a good impression when they ing rate for 3 d/s hills are both nominal,
that tirely of shrewd men of business, who had
at the City Hall.
BANKS Hongkong and Shanghai Benks are on offer at $7121, but no busi
found buyers at from 8805 up to 8370, 35 16 reported Onions have
and close with the latter as the nominal quotation Other Companies have come to business, and prices are nominal and unaltered from our last report.
which is to
A MARINE INSURANCES. ——
the advantage not only of knowing the notre cont being arranged, company property out there. Those who later being which is to be placed East, but also of being familiar with the details of which will be made known bad the privilege to be shareholders in The boxing a company like this ought cheerfully to in the centre of the ground will be consent zo their dividends being taxed, raised so that everyone will be able to what they considered how large these obtain a good view and as the proceeds dividenda would be in the future.
of the display are to be devoted to War Charities it is hoped that there will be a very large attendance. The programme will commence at 8:30 sharp in order that it may be finished in time to allow Peak and Kowloon residents to catch the a team and ferry
to October, bin, the price of first in January 1910, it rose to 45, 3d by Intex rubber was quoted at below 28 d. July it had fallen again to about 23. 3d until near the end of the year, when it rose again to the region of 38. 6d. 7: There is a wide scope in these prices for people who want a purely speculative invest ment. Our policy has been to minimize Mr Bauld proposed as an amendment the element of speculation, and to secure the election of Mr. C. W. Brown. by forward sales a certain defuite profit. There was no seconder to the amend for a portion of our output. (Hearment, which, however, the Chairman on har) We have made a few small for the advice of Sir Frank Crisp (the salici ward contracts, mounting together, ker to the comma recorded in favour of 80 tone, of the 1918 crop, at an average Only one vote was
amendment, which the Chairman de- price of 23. Tid.
ared fost demanded a poll.
THE PRESENT YEAR'S ESTIMATE.
The Chairnian then put the original resolution for the re-election of Mr
FIRE INSURANCES-Hongkong Fires are in request at #20, and China Fires at 8146, but no shares are forthcoming. - SHIPPING.Donglases have been scarce lydeale in, and have nominal quuts- tion of sial. Indo China Deferred as t been a steady market, and after sales at to participate in meetings, had to deposit 124 cum diy, close with good buyers at their shares two clear days prior to any on ensh (ex dividend of 316.70), with With regard to the estimates for the present year, it is too early to say much,
meeting at the regiale rad office if the confew cash shares obtainable Star Ferries i we are confident that they are on the
any or such other place as the directors are wanted at 882 Steamboats are on safe side.
He had written to the offer at 318, with buyers at 8174 Chairman asking represent about 40 per cent of our x with one dissentient. Continuing, he picted corp at a price which is slightly proposed That Mr. W. D. Little be appoint their offub in Shanghai as but no abars are available at the price. better than that obtanied for the 1918 elected a director of this company. He place for the deposit of bearer shares for
Langkats are rather better, and after. rop We can live a very severe fall said Mr. Little has been connected with that purpose, and the reply had been business at Tls. 17 could now in the market with equanimity, and if the company from its inc.ption and that, on the advice of the company's legal at Tis. 171 Ural Caspians are Dominal on the other hand, we secure equal or before that he was a director of the old advisers, the directors were unable to ap at 33/ better prices for the unsold 60 per cent, vendor companies in Shanghai for about point Shanghai such a place for that pur you may reasonably look forward to a 15 years. He was resident there a great pose. In that connection he might point increased divident this time next year. many years, and well known and highly out that the Chinese were rath distrust (Hear, hegr) If the price of rubber is respected and nful of registered shares, and preferred hearer shar.s. His other point was that maintained, and the directors can do it Captain Charles Bayley Oldfield, in with safety, they will endeavour to pay sconding the motion, said he der in fas in Shanghai, which was cinpowered to are 82:10 nominal, Kailans are in demand although the couqpany had a local board MINES-NO business to report. Raubs two interim dividends this year-one in only right that those shareholders the
and AN other in December company who were foreigners should pay reigster transfers-what he might call at 31/6 Tronohs are offering at 27/8 hear.)
AND LARS BALANCE
Our forward sales of rubber Thomas Boyd, and declared it carried might appoint that the board should OILS.Shells are quoted 10/- nominal,
August
PROFIT AND LOSS BALANCE.
R A des are reported in
this maract and, in the absence of any business, there are sail saiters of Chwa users as ells, and Buyers of Malabons
The remaining item in proft and leavy and Aruly, for without our Navy to carry out what he might describe as has been a very quiet market. Hongkong |
account claiming your ale out of which
balance of 100,881 10d.,
the minor operation of converting bearer and Whampoa Docks have been sold at warrants into registered aharço............. That 8123) and $123, and they close with a
some 21 per cent. to 3 per cent. upon any harves
and Army where
where would the company's Bauld proposed as an amendment imposed an expenditure of ho supposed nominal quotation offering at 550, but Mr. we have appropriated £10,000 to reserve the election of Mr. H. G. Peters. fund; we recommend a final dividend of The amendment was not seconded but holder of bearer warrants who wished to have not come to business Shanghai 30 per cent making 16 per cent for it was put to the meeting by the Chair convert into registered shares Docks are wanted in the North at Tls 90 the year, and incitae the amount carried man. Only one hand was held up in The Chairman-In the first place with no sales reported. forward to £18,5% 138. ed. The reason its favour, and the Chairman declared very large majority of the Chinese share LANDS, HOTELS AND BUILDINGS. —— Market for keeping so lige a sum in profit and it lost. He then put the original motion shares not y a registered has been very stagnant, and noibing hus so far, we have been for the election of Mr. Little, and dock shares and not begror shares, They have been done. Hotel shares could be placed to get a deersion as regards oured it carried.
He had registered shares for unable
years notwith liability or non-libility to excess profils Mr. Bauld again demanded a poll, and standing that Mr. Bauld say they were 45 $100, West Points at $77, and Humph duty. Our own opinion is that we have inquired if he had the Chairman's rer- prejudiced against them. The reason for eye at 30) Centrals are nominal at no liability as the law stands at present, mission to make a few remarks. not having bearer shares deposited or 199, and Lands are quoted 8973, also
nominal and qur view is strongly supported by The Chairman-We
Shanghai within two days of meeting
Miris Market has rather a are quite prepared our auditors, who were great assistance to hear you to in the preparatio of our statements for Mr. Bauld stated that he had been re quite obvious. If any person deposited ed owing to Shanghai Races in the early the Inland Revenue authorities. The latquested by a large number of shareholders shares there within 48 hours of a meet half of the week. Ewos are in request zer, I may say quite frankly, do not yet in Shanghai to represent them at the ing of the company, and we had no at Tls 150, and Kung Yika at Tle, 143. accept our view, but their objections to meeting He proceeded to refer to the knowledge of it, and he claimed to vote,
to be paid on April 3rd to shareholders on the register on this date, and in respect of coupon No. 11 attached to share war rants to bearer,
LANE, CRAWFORD & CO.
A.V.C. FINEST OLD
BRANDY.
LIQUEUR
GUARANTEED 30 YEARS OLD.
V. D. CLARETS. V. D. SAUTERNES.
V. D. BURGUNDIES.
Stocked by HONGKONG HOTEL.
Obtamable at LANE, CRAWFORD & Co.
A. & B. MACKAY'S LIQUEUR
WHISKY.
THE ORIGINAL LIQUEUR
WHISKY.
PRICE $24.00 PER CASE DUTY PAID.
Has a fine mild flavour and a refreshing clean taste.
Obtainable at all Local Stores.
l at LANE, CRAWFORD & Co.
Powell
TELEPHONE
340
Ltd
to cattle the bolders to vote is. I think better stone, but business has been restrict. CURTAINS
far have not greatly misreased us. Loriginal formation of the company in he might afterwards contend that the position Cottons have improved their and have been placed at Tis. was irregud that they wore tot buyers
he had de
at which rate there are further
Yangtarepoos Bre adopted, and dividend at the rate of rupted, and one shareholder protested
nominal at per share, less income-tox, was ordered against the time of the meeting being counted in the voting. The question was users Yang
Market has legal MISCELLANEOUS wasted with remarks, as to the origin of gone into very carefully with our
dult the company, seven years ago matfora advisers, who are is competent to give us and
Cements are rather lower. Inactive with which the shareholders were acne in London. The advised that quoted buyers at this figure. Trams have the best advice on such a subject as say with sales made at 8800, and are now quainted
would be quite impracticable to apponit been sold at $6.80 and 86.70, and at the Shanghai as a place for bearer deposite. latter rate a few shares are
Probably And there is no netensity for anyone to obtainable Watsons are wanted at gold bearer shares at all; he can hold re$6.35 cum dividend of 10 cents, payable gistered shares
shortly, China-Borntos ure e quoted Mr St. Croix proposed, and Mr.nominal at te cum dividend of 60 cents. Bauld seconded, resolution authorizing just announced Electrics are sa demand the directors to distribute at their discre At $49, and Dairy Farms at 2231 Ropes tion 600 among war charities
are $284, and China Providents, 48, both nomina Powells are offering at 86.60, China Lights are nominal
Mixo.- Next Settlement Day 30th May:
A Shareholder The object simply is to escape taxation.
The Chairman-What we want to know, Mr. Bauld, are your reasons for the election of these four gentlemen
CHINESE SUARESOLDERS AND DIRECTORS. In moving that Mr Thomas Boyd be reelected a diretor of the company, the Chairman said Mr. Boyd was the man sger of the company's estates for over
years, and the whole development and Mr. Bauld said that one reason was equipment of the property had been car that the Shanghai holders of bearer ried out und f his supervision and shares were defranchised by the company advice His name whe well-known both Under Clause 34 of the articles of asso in Great Britain and throughout the far ciation, holders of bearer shares, in order Fast as an eminent authority on rubber; his knowledge of everythiur connected
(Continued at just of neat column)
The poll was then proceeded with, and at its clee the Chairman announced that the amendments were lost.
Hemstitched, Frilled and Scolloped
Madras Muslins,
Book Muslins,
Filet Nets,
Combination Nets,
Hemstitched Harness Muslins,
Nottingham Lace Curtalos.
CURTAINS