STOCKS.
BANKS.
Apply to-
ORIENTAL CONSTRUCTION CO,
· Alexandra Hüildings, Hongkong, 13th April, 1905.
Hongkong & Shanghai Banking Corpamilon
· 1169
National Bank of China, Limited....
MARINE INSUDANCES Canton Insurance Office, Limited
GREEN ISLAND CEMENT COMPANY, LIMITED.
China Traders' Insurance Company, Limlied
North China Insurance Company, Limited
(so
Yangtste Insurance Association, Limited .. .... ha.... FIRE INSURANCES. China Fire Insurance Company, Limited.
A
FIRST Class PILSENER BEER guaranteed free from Salicylic Acid, and any other Chemicals.
Hongkong Fire Insurance Company, Limited..
SHIPPING, TUG 2nd Cargo BOATS. China and Manila Steamship Company, Limited... Douglas Steamship Company, Limited .....
Hongkong, Canton & Macao Steamboat Co., Ld.
(7
ORIENTAL
SIEMSSEN & CO. Hongkang, roth January, too.
157
Indo-Chinn Steam Navigation Company, Limited ... Shanghai Tug and Lighter Company Limited...
Do.
(Preference) 'Shell" Transport and Trading Company, Limited... 1,000,000
Mails.
MESSAGERIES MARITIMES
FRENCH MAIL STEAMERS.
MM
STEAM FOR SAIGON,
SINGAPORE, BATAVIA, COLOMBO, ADEN, EGYPT, MARSEILLES, LONDON, HAVRE, BORDEAUX, MEDITERRANean and BlaCK SEA PORTS.
The 8.8. “ARMAND BED (0,"
Captain E Guionnet, will be despatched for MARSEILLES TUESDAY, the 2nd
May, at IP.M.
Passage tickets and through Bills of Lading. issued for above ports.
Cargo also booked for principal places in Europe.
Next izilings will be as follows:-
S.S. DUMBEA..........................................IÓth May,
S.S. ERNEST SIMONS ...30th May. 5.8. POLYNESIEN.......13th June.
G. DE CHAMPEAUX,
Agent.
Hongkong, 18th April, 1995.
THE HONGKONG TELEGRAPH SATURDAY, APRIL 22, 1905.
For Sale.
FOR SALE.
NE arfoot TRUSTCOTT MOTOR
ONE
BOAT, handsomely finished, fitted with Cushions, Awning, &c. A brand new 3 Horse Power Motor never been used for more than test trials, everything in excellent condition, speed 9 miles.
PORTLAND GEMENT.
Supplied by Messrs. DEN
$4.50 per Cask 375 br. net ex Factory. $2.70 per Bag 250 lbs. net ex Factory. Union Insurance Society of Canton, Limited,
SHEWAN, TOMES & Co.,
General Manageis, Hongkong, 7th March, 1995,
TUBORG BEER.
PRICE 51050 per case of 48 bottles (quins) ar 6 doz. pisti,
.
Special Prices for Quantities. Solo Agents-
SHARE QUOTATIONS.
min, Kelly & Potts. Corrected to noon; later alterations given un der “Commercial Intelligence," page §.
NO. 'O
VALUR PAID UP
SHARKS.
RFFERVE..
POSITION AS PER-LAST REPORT.
AT WORKING ACCOUNT.
'DIVIDEND,
ΑΓΙΟΧΙΜΑΤΗ RETURI AT TRENT DUSTATION,
CLOSING" QUOTATIONS,
₤1,000,000)
(Div. of Lr.to/ and bonus of it @ ex-”
(1785 buyers"
*20,000
$125
$8,000,000
$1,493,408
$250,00
change" 1/19/16=$15.46 for second half-year 190!
London 480)-
97.935
£7
$176,533)
$11,668
$1 (London 3/6) for 1993 ...
#%
337
$191,973)
10,000
$250
$1,400,rco?
B17395
$150,494
$17 for 1903:
0%
$285 buyers
:
$950,000
$151,992
$4,00
$83.33
Nil
`SA for year ended 30.4.1904 vo
71%
$57
$362,366
$371,445
10,000 £15
LS
Tis. 800,000
Tls. 217,119
Final of to-making £1 for 1903.
Tis, 85 Bellers
$1,850,000
£20,000
10,000 $350
$100
$372,749
$2,078,997-
·535 for 1903 an
5%
$pco telleri
$893 110
5846.773
$700,000
8,000
$100
$60
$37.794.
$486,284
$12 and 53 special dividend for 1903
98%
5:60 buyers
$1,000 000
20,000
$100
$20
$125,675
$329,047
16 dividend & 1 bonus for 1903 ...........
#4%
£86 sellers
$7,561)
8,000 $250
$50
$1,200,505
$360,372
$34 for 1903
11%
53071
30,000
$25
525
$5,000
$8,832
$t for 1904, vra:diam
-5.%
Sar sales
10,000
550 $50
5:15,000 7
NIL
$2 for year ended 30.6.1994
st%*
535 sales
$85;439
$250,000
fcjocu
$15 $15
$600.000
$16,160
*£1 for second half-year 1904 ...
94%
S251 sales
$158,444)
́ ́£205,000)
(0,000
£10
£10
£100,000)
£5,853
200,000) 100,000
Tis. gora, 50
Tls. 21,000
(4г0,000?
£1 £3
£4,7165
Tis: 43.762 £58,852
$10 $10
$60,000
:
STE
"Star" Ferry Company, Limited........
19,000
$10
$5
$15,003)
10/- for 1903 @ 1/10 5/16=$5.378........... (T's. 23 6 al making Tis. 4t far 1904 ...
Tls. 1 final making Tls. 3) for 1994....5 Interim of 1/-(Coupon:No. 5) for 1904 ... ($1.80 & b. 40 cts far year ending 30.4.04 $1,3870.90 & b. 20 cts, ]
41%
$122
Tls. 14 buyers
.8%
Tl. 47 buyers 21/6
X
$400,000
FOR SALE.
Straits Steamship Compáry. Limited ..........
5,000
100
$ 21,075
$21,231
$10 for 1904
190kom
8%
$130,153
MINING.
GLOBES,
Raub Australian Gold Mining Company, Limited
Hongkong & Kowloon Wharf and Cedown, Co., Ld.
Shanghai and Hongkew Wharf Company
56, Lyndhurst Terrace.
(54
Tanjong Pagar Dock Company, Limited Yangtze Wharf and Godown Company. Limited......
[61
TO LET.
(a
A LARGE AND COMMODIOUS HOUSE TO LET IN MACAO.
Ewo Cotton Spinning and Weaving Company, Ld. Hongkong Cotton Spinning, Weaving and Dyeing?
Company, Limited.......................
D'ALMEIDA."
Apply to-
TO LET.
40 T [498 Philippine Company, Limited nas nes mananar. Shanghai-Sumatra Tobacco Company, Limitéd
MISCELLANEOUS.
Laou-kung-mow Cotton Spinning & Weaving Co., Ld. Soy Cher Cotton Spinning Company, Limited,.
Cigars and TOBACCO Cos. Alhambra, Limited
A. S. Watson & Co., Limited
Anglo-German Brewing Company, Linaited .............. ..... Bell's Asbestos Eastern Agency, Limited Campbell, Moore & Co., Limited. Central Stores, Limited'
Sailing.
Do. Da.
New Issue) China-liomeo Company, Limited..... China Flour Mill Co., Limited.............. China Light and Power Company, Limited ............ China Provident Loan & Mortgage Company, Ld.... Dairy Farm Company, Limited
(Founders",
E. L. Mendon, Limited
Fraser and Neave, Limited
169
Green Island Cement Company, Limited.
Do.
(New Issue).. Hall & Holtz, Limited
TO LET.
THE PEAK. Apply to-
170
Katz Brothers, Limited Laue, Crawford & Co., Limited (Shanghai) ........ Maatschappij tot Mijn, Bosch- en Landbouwcx-
ploitatie in Langkat, Limited.....} Maynard and Company, Limited..
S. Mourie & Company, Limited.....
Shanghai & Hongkong Dyeing and Cleaning Co., Ld..
Shanghai Gas Company, Limited
DENTISTRY
(8
Shanghai Horse Bazaar Company, Limited
Shanghai Pulp and Paper Company, Limited
Shanghai Waterworks Company, Limited....: Singapore Dispensary, Limited'
South China Morning Post, Limited
167
Steam Laundry Company, Limited
Straits Ice Company/"Limked
COMPY
THE PENINSULAR AND ORIENTAL
STEAM NAVIGATION COMPANY.
STEAM FOR
STRAITS, CEYLON, AUSTRALIA, INDIA ADEN, EGYPT, MEDITERRANEAN
PORTS, PLYMOUTH AND LONDON,
(Through Bills of Lading issued for Batavia, PERSIAN GULF, CONTINENTAL, AMERI- CAN and SOUTH AFRICAN PORTS.)
THE Steamship
'COROMANDEL,"
Captain G. M. Montford, R.N.R., Carrying Bu Majesty's Maile, will be despatched from this for BOMBAY, 00 SATURDAY, the 6th May, at Noon, taking Passengers and Cargo w the above Ports in connection with the Company's 5,5. Victoria, 6,522 tons, from Colombo, Passengers'accommodation in which vassel is secured before departure from Hong- kang.
ING
"NCANDESCENT
GASOLINE
LAMPS
OF ALL DESCRIPTIONS, from the best makers,
INCANDESCENT.
MANTLES,
CHIMNEYS,
SHADES, &c.,
for GASOLINE AND GAS LAMPS
at the most moderate price's.
Lamps fixed up for Buyers free of charge.
Naphtha of the best kind kept in stock.
TAI KHONG CO.
Hongkong, 2nd May, 1904.
·TSANG FOO & CO., COAL MERCHANTS AND STEVEDORES, 48, DES VEUX ROAD,
Silk and Valuables, all Cargo for France, and Tea for London (under arrangement) will be transhipped at Colombo into the Mail stearer proceeding direct to Marseilles and London, other Carge for London, &c, will be conveyed from Bombay by the R.M.S. Arabia,SHIPS Coaled from alongside at the shortest due in London on the 18th June.
Parcels will be received at this Office until 4 P.. the day before sailing. The Contents and Value of all Packages are required.
For
het Particulars, apply to
L. S. LEWIS, Acting Superintendan". Hongkong, 22nd April, 1905.
NORTHERN PACIFIC LINE.
BOSTON STEAMSHIP COMPANY.
BOSTON TOW-BOAT COMPANY.
Connecting at Tacoma with NORTHERN PACIFIC RAILWAY COMPANY.
PROPOSED SAILINGS FROM HONGKONG FOR VICTORIA, B.C., AND TACOMA,
VIA
MOJI, KOBE AND YOKOHAMA.
Steamers. Tons. Captains.
Tremont...... 9,606 T. W. Garlick. At.April25 Zyra‡......... 4417 G. V. Williams, May 2 Hyades..... 3,753 Geo. Wright.....„, May 23
I Cargo only. Steamer marked (*) have no second-class passenger accommodation.
notice, and with all possible despatch. Prices Moderate. Telephone No. 379. Hangkong, 1st October, 1904
To Let.
Taku Tug and Lighter Company, Limited
REFINERIES. China Sugar Refining Company, Limited................ Luzon Sugar Refining Company, Limited............. Perak Sugar Cultivation Company, Limited.
Chinese Engineering and Mining Company, 1.d......1,000,000 Oriental Consolidated Mining Company, Limited
Fociété Francaise des Charbonnages du Tonkin....... DOCKS, WHARVES & GODOWNS. Gen. Fenwick & Co., Limited
4
Hongkong and Whampoa Dock Company, Ld. Howarth Frakine, Limited New Amay Dock Company, Limited..... Riley Hargreaves & Co., Limited..............
Do.
S. C. Famham, Boyd & Co., Limited
Lawns, Hotels & BuildING, Astor House Hotel Company, Limited (fibanghai) ........ Astor House Hotel, Limited (Tientsin)
Hongkong Hotel Company, Limited
Hongkong Land Investment and Agency Co., 1 d. .... Hotel des Colonies Company, Limited (Shanghai)... Humphreys Estate & Finance Company, Limited... Kowloon Land and Building Company, Limited ......
Shanghai Land Investment Company, Limited Tientsin Hotel des Celonies, Limited................. Tientsin Land lovestment Company, Limited. Wei-hai-wei Land and Building Company, Limited... West Point Building Company, Limited,
COTTON MILLS.
16,000 Fr. 250 Frs.250
NO. 93, Street "CONSELITEIRO FERREIRA International Cotton Manufacturing Company, L... 10,000 Tis.75 Tis.75
SANTA CASA OFFICE, MACAO. Macao, 20th April, 1903,
A BUILDING at Ction V4 the Seam Laundry Co., Ltd.
present in occupation of the Steam
No. 1, RIPON TERRACE.
FLATS in MORETON TERRACE, facing
Polo Ground.
OFFICES in course of erection, CON-
NAUGHT Road (rear BLAKE PIER), GODOWNS: PRAYA EAST.
Apply
THE HONGKONG LAND INVEST. MENT & AGENCY CO., LD.
Hongkene. 30th March, 1905,
Hongkong & China Gas Company, Limited..
Hongkong Electric Company, Limited ......
CHEAP FARES, EXCELLENT ACCOMMODATION, N., STEWART TERRACE, Hongkong High-Level Tramways Company, Ld.....
ATTENDANCE AND CUISINE, ELECTRIC LIGHT, DOCTOR AND STEWARDESS. The twin-screw xs, Shawmut and Trement are fitted with very superior accommodation for fint and second class passengers. The large size of these vessels ensures steadiness at sea. Electric fan in each room,
Barber's shop and steam-laundry Cargo carried in cold storage.
J
For further tuformation, apply to
DODWELL & CO., LIMITED, General Agents
Queen's Buildinga.
Hongkong. 18th April, 1905,
BOO CHEONG,
唱
STATIONER AND PAPER MERCHANT, No. 20, Pottinger Street.
HAS
T-T-AS "always "on-band-all varieties of Stationery, Printing and Note Papers,
THE HONGKONG LAND INVEST.
MENT & AGENCY CO., LD, *Hongkong, 26th March, 1904.
Dentistry.
THE AMERICAN SYSTEM
OF
M. H. CHAUN, D, D. §.,
37. DES VEUX-ROAD CENTRAL, MONOGA From the University of Pennsylvania, USA. "Hongkong, “4th June, 1904
TSIN! TING.
LATEST METHODS OF! DENTISTRY.
STUDIO AT No. 14, D'AGUILAR STREET.
J
[164]
REASONABLE-FEES.
Consultation Free. Hongkong, soch July, 1904,
[64
Copying Presses, also Automatic Cyclostyle and Ellama Duplicator,
Hongkong, 23rd February, 1905.
Hongkong Ice Company, Limited....... Hongkong Rope Manufacturing Company, Ld...... Hongkong Steam Waterboat Company, Limited...............
Straits Trading Company, Limited Tientsin Native City Waterworks Company, Ld....... Tientsin Waterworks Company, Limited United Asbestos Oriental Agency, Limited......
-Do...
-{Founders') William Powell, Limited:
5,400 Tis. 50 TIs. 50
4,500 Tia 100 T, 100 *7,200 £20
*2,000 250,000.
1,94 Tta 100 TIS. 100
Tis. 19,403
Boa
$5,000
None
Tls. 145,000?
Th. tôi r725
Tis: 45,000
Tis. 25,000 Tis, 140,000
Hone
$25,000 5750,000 2 $50,000 £ none,
$20,000*
·53x100
$1,400
$21,582
Tis. 35,849
-5831
Dr. $5.537
Tis. 8,011
"Tis. 6,958'
Tis: 7.359
$1,769
Final of $13 making $17 for 1994.amazona $10 for 1904 wo
(Final of 70 cr and to cts, bopus making i
$.d for the year ended 30.9.04.í................
58 for 3901
Interit of $5.........
tst quarterly al Tisz7ł, paid 15.305......... 121% Sa for year ended 31.10.1904
Final of $3'making 55 for the year ending? 110.6.04tal revenues
Nonetes
Final of Tis, 5 making Tis, || for 1904
Tis. 5 fox 1901
Figal of Tik, 5 milking Tis. 14 for 1504
Fibal of 35/6 maklog 52/6 for 1904 Epi 561 for year ended 31.7.1904 M
None
f60 cents for year ended 31.5.08
First year woma
$700 || $10 for second half year 1904
$84,813
Tls. 7,025
That
751 div, and 35 cents bonus for bal L-ended 3001904
Thu, 2 for Hal year .............
Final of Tis à making Tis,
(go cents for year ended 31.5.1904.
$29.70
has $189 | | | 190erimni of joventŘfor year 1904/1985
Printed and Published by JOSE PEDRO BRAGA, for the Hongkong Telagraph Company, Limited, at the Printing Office of the Company No. 1, Iss Houry Road, in the City of Victoria, Hongkong,
אאא
Tis. 126,000?
36,000
Tils.50
Tis. 50 Tls. 276,679
Tis, 6,190
Final of Tls, 1f making Tis. 3) for 1904 .....
04%
$125 Bales
Tis, 28 buyers
20,000
$roo
7,000
$100
100 $100
$450,000
none
$42.812 Dr. $85,987
$7,000
TI
Tis. 30 rtc. to
Tls. 100,000
Tis. 1,635
Final of 513 making $20 for 1904 ....marinas $3 for 1897.internomoure usinenvaar Tis, z} för year ending 30,9.04
9 %
$123
$27 buyers
f
A
£40,000
£7,820
No. 3 of 1/6
antio
$0,000
GSTO G. STO
Font
G $577,093
50 cents making G. $1 for 1904 ...............
150,000 50,000
امجو
£1.
18/10 ZI
}
44,873
Dr.
£4.029
No. 12 of 1/48 cents
Tis. sales
Tis. 7 sales G $17 sales *$4 sellers
Fea. 251,3372
Fca,1,529,652
FCR. 85,706
Final of Fcs. 25 making Fc8, 55 for 1903 «
$490.
6.rco
Szi $25
$70,000
•£8,577
$3.75 for 1904 niton
10 X
S3's sellera
$58,473)
$10,000
40,000
-$50
510
$300,000
$29,422
Final of $21 making $5 for 10041
41%
$107
$250,000
50,000 $50 fto
$33,500
$498,289
f6 dividend and $1 bonus for and half- 1 year 1904
58%
$104
12,000
$100
5100
$60,000
to div. & fg bonus for year end. 30/6/04 -
$775 buyers
6.cco
$55,500
$489
Sit for 1903
Sai sellers
6.0092
$61
$150,000
(Preference)...
2,750 $
$100
Froo
$40,936
$7 dividend
(Sro div. and $2 bonus for 1903
$250 buyers
Sta
Tis, 900,000
55.200 31,000 Tis. 100 ", ron
Ts. 100% 100
37.000
$100
1,500
$TOO T. 100s. Tro
10,000
1,000
Texas Ran
$21 T.Tia.o
$25 T.Tis. 3r
Tls. 487,10? Tis. 59,880)
$2,100,000 Tis. 17,500
rone
Tls. 48,153
'Tls. 10,711 $206.635
Tis. 2,762
Tls. 5 interim for 1904/5
ciné
Tis 157 sales
Final of Tis, 6 making Tis; 10 for 1904
$30 for and half year making $16 for 1904 Tis. 18 for 1004
Tls. 187 buyers
$400 sales
Ti 187.sales
';
$9,989
$21 for year ended 30.6.1004 .............
8.%
$28 sales
Tis, 34:0007 Tis: 8,coa) $100,000
Tls. 805
Final of Tis. 5 making Tis.9
61%
Tls. 145 ex div.
12,000
$50
$50
53,554
$5 for second half-year making $10 for 1904|
$140 bayers
$10,000
50,000 9,000
$100 $100
Tis. 25 Tls. 25
$230.000 Tis. 13.985
$37,875
Final of 56 making $12 for 1904.
9%
Srag
Tis. 680
Tis. 0.87 for the year ending 31.3.1904 ...
Ths.22) sales
150,000
6,000
3555
$200,9947
510
$10
$11,958
90 rents for 1904
71 %
$12,(o buyers
$30
$3,000 Tls. 50
ris. 50
1,400 7726
Tis. 50 Tis, 50 Tia, Tas Tls, foo
$50,000
поле
Th. 828,813) Tls. 170,000!
коле
Tis, (7,300
5377
$3 for 1904 SEC
71%
$391 buyers
Tis. 20, 16
T1s, & for 1904. *** ********sa
(Tis. 3 final and Tis. 2 bonus making?
74%
Tis. 115 sales
Tis, 670
TIs. 5 for 3904
10%
Tis, 47
Tls. 725
Final of Tis, making Tia 7 for 1904 ......
51 %
TiL 125,
1,764 12,500
Tis. 29 Tle.25
$50 $50
ΠΟΛΕ none
Tis, 150 $1,247
None
Tis 12 buyers
Abbéves so b
Final of $1.70 making $3.20 for 1904 ......
si %
55; sellers
15,000 *125,000
Tis. 50 Tis, 50
$10 510
none
none Tis. 50,000
Tis. 11,655
Tls. 4 for year ended 31.10.1903 ....
10.%
Th. 38 sales
$27,662
50 cents for the year erding 31,7.04 -.................
3 %
$101
Tis. 13,629
Interim of 3% alc 1898.
THE 371 buyers
Tis. 35,727
8,000 Tis. 100 Tis. 100,
Done
2,000
Tia. 500 Tis. 500
Tis, 8,115
300 $7,500
$200 $200
$779
$10 +510
Tis. 10,000
Tis. 22,050
pil
*****
Interim of 4 % ajc 1898 on 4,000 shares 4% for 1897 somman
Tls. 41 sales
$195 for yem adding 30.6.1900 ......... First year.
Tls. 150
·$100
Sal sellers
30,000 T3.2015. 20
{
Tis. 24,820)
Tis. 25,000
90,000
-570
$to$150,000
$25,000
4,000
$100 $100
none
**8,604
12/6 12/6
hope
£161
1.200
Sio
$ID
6,000
123 $15 512
$20,000
51,253
24,000
$15 $71
60,000
$12 $12
Nil
none
4,000
Tls. 50 Tis. 50
Tis. 30,000
Tis. 718
30,000
Sio Sia
none
$3.739
None
100,000
510
$8,0000
$1,581
25,000
£71
7,00
IT'Is 50 Tls, 50
none
Dr. Tia. 152,318
$500
Sco
550
$112,500
$2706
100,000
$10
$400,000?
505,054
30,005 $10 $5
$25,000
11,000
Szo $20
$186,000
57,551
7,000
£10
61023,109
£3,000
£7,625
$8,000
Tis. 1:091
$2,883
Final of Tis, 6 making Tis, 9
Interim of so cents for 1904
First year test
6d, per share for 1903 ...
$1,182 $3 for 1934
(Interim of $1.20 for 1904
None
**
Kes
Preferential of 7 per cent for 1904..
$1 for 1904mue
Tis.
for 194 240
$ for year ending 31.7.1903. ...................... Tls, for 1oz - bateria
$5 diva and Saj bonus for 1903 ......rare
Final of Sr making $23 ....................
divi and a bonus for 1903 di
13%
Tli. 68 sales
desexe deseze
70%
$13 buyers
Tris sales
$30
$21 rellena
$100
$8
$13
80 cents for 1004 %.
15a for 1994 ouie'yordan
{First Year herreneaner
sexe a
Tis. 65 sales
$17 sales
Tl6, 25 sales. 193 buyers
$17 sales
30,000
$10
30,000
'none
$1,747
$10
1,250
$100 $100.
$50,000
$2,795
$15 for year ending 30.11.1904...
($1.00 for year ending 304.1904 150 cents)
<
3,000
$15
$60,000
$5.316
10,000
$50
$60,000
$11,137
15,000
$10 SIO
$2,500
$299
10,000
: $100
$100
+1475,000
10%
materipsi u
1,500
$100 $100
Done
25,000
Gs. too (Gs, foo
Tlt. $28,210)
DE HEHE, DE BEzezertze-
3,400
$10 510
4,000
$17 sales
10 %
$44 buyers
$160 buyers
$rt buyers
Sut
buyers
$200 buyers $245
Jijo sales
Sift buyers
$135
buyers $135 buyers
Tis
140 buyers
·*$13
$54 sales
$50
350
1,700
$50
$50
$6,000 Tis, go
Tis. 50
71%
Tis. 112 sales
Tis. 10,247
600
$50
.. 6,000 5,000
Sis S
$10,000
.none.
***10,000
Dr.$39,020
*$3,644
$100 $100
$10 $10
אאאאא א א
Tlf. 88 sales
Tis 155 sales
Tha
410
$80
$33
Inles
$2,000. 30. 100
Tis, 15.359
*1,000
510
100
Sto
12,000
$10
$7. bayers
Siçosales.
$41 buyers,
$42) buyers
T.Tis. 100 T.Tia 125 anteri
Sol buyers
$180 buyers: SIT buyers