+
Rubber Finance.
HOW THE HONGKONG MARKET — IS FARING---
KFFECT OF THE RECENT SLUMP.
To all accounts, the rubber boom locally is roverting to normality. Last wack's sat- back in shára quotations, capped, as it was, by the unexpected slump all round yesterday, `most have given speculators material furiously to think and given bona fide lovestors food' for reflection. It was only tha veriesttyrns in Ex- change manipulations who could have con ceived the possibility of ao diarnal success in the bull movement so succesfully carried out in Mincing Lane. Now that the inevitable "bear raid has come about, the market, as has happened in lunumerable instances before, has been thrown into a state of absolute demoralisation. Scanning the cable tist, kindly supplied to us from day to day by Mesra, Kadootje and Co., one cannot but be forced to the conviction that the "drop" balokoss that "panicky condition that is invariably associated with a weak balls phalanx. The latter's weakness.constitutes "the "bears?" stength, hence the
cess they are now scoring, with one fell woop. If tagiet must be expressed at the temerity of speculators who had gone beyond their depth, satisfaction must be felt that the reaction has arrived, before greater and more lacalculable damage is inflicted upon the mea of small menos who have rushed into the temptingly,attractive form of speculation wben the mora sobre-minded and menied investors bars only fell their way with deliberate caution, It is with feelings of satisfaction, therefore, that Dne sees the probability that much of the capi-" A tal which wit'being sent out of the Colony in the form of cash or scrip will before long once again be devoted to the advancement of our own local industries. In this connection, it is interesting to observe that the Shanghai financial journal called Copilul gol commerce This the following remarks to make, bearing out, as they do, the opinions that hava pre. viously been expressed on this subject is the columns of the Telegraph:—
►
COMPANY PROMOTING IN SHANGH 41,
·
THE HONGKONG TELEGRAPH
FATALITY. NARROWLY. AVERTED.
tenham na to rabber prospectusen." A number (COLLISION IN THE HARBOUR. of rubber propositions had been foisted" opon the public that were poi worth the paper that. the prospectuses were written on. A good many chickens would come home to reost before this subber business wan ovat,“ se
CORRESPONDENCE.
„¿We do not necessarily endorse the opinions expressed
by Correspondants in this column.Į
A PUBLIC NUISANCE. ü
To Tax Eoiron or the "Ilonardío Telzozark.“
But for the presence of a police launch in the the vicinity of Holie's wha‹ves on Wednesday, # fatality might have had to be recorded as the result of a collision in the harbour just at day
the
SATURDAY MAY 7 1QIO
HONGKONG OBSERVATORY,
A YEAR'S METEOROLOGICAL RECORDS.
The report of the Director of the Observatory (Mr. F. G. Figg) for 1959, dated 15th February, 1910 states ******
as During the past year several hundred indirect comparisons of barometer and anarolda ́on board ship have been made, A low bato. meters and aneroids, have been compared for various people in the Observatory.
140
has ever been one of your admirable charac teristics (Applause.)
break. From the report, which ban reached dolly with the weather subsequently axperi. was as follows1-January-2,21, February 2.08. The Chairman then handed the address to
us, it appears that, at 5 am. on Wednesday, wieam leusch dialanta, belonging to Holige blue-luone! Nag' of 'steamers, collided with ampa No. 648 B, just of Blackbend's Point,
"We pray that you will accept these out sincera congratulations and our hope that you' will be spared for many years to witness the fenition and maturity of the many Important 16. THE RAINFALL- In Inches recorded by the gauge placed in the undertakings which have been fostered by your Police compound at Talpo, New Territorial, interest and generosity (Applatne.)
Sir Hormusjes, and Invited the gathering to March 2.87, April 2.30; May 15, June 16.45 rise and drink a "bumper coast to his long July 19.43, August 0.38, Sep.ember 7,07. colife and properity. bar 25.58, November 4.07, Decemb'è 0.00, the total for the year 1939 being 88.48 inches. this gauge has been in operation the rainfall measured at Taipo bas exceeded that recorded
The toast was pledged accordingly to the
At the time the sampaz, was carrying a living | ċent, failure 'z per cent., partal failure 8 der On an average of the four years during which music of." For ba's jolly good follow" sung by
freight of thirteen passanger-the walucky 13 again for Yaurati, when the Atalanta crashed Dear Sir,-There is a street in Hoogkoux sto bets. The passengers and crew were all called Duddall Street. It leads from Queen's thrown into the water. They were the master Road in the north, up a bill, to a wide flight of of the launch and his wife and their family of stone steps la the south. It is this stalkway.five children and six passengers. Thanks to or what is beside it..or beneath it, which moves the lynx-sye of the European constable on me to appeal to you. I do not know what the board the police launch on patrol, the launch thing may be. Bat-and I see in the Direct
was quickly on the scene of the accident; for ory that there is a Sanitary Department in accident, pare and simple, the collision WAL
longkang, as well as a flight of stone steps in
The occupants of the sampas wars struggling Duddell Street wore a Sanitary Inspector in the water, and if all were to be saved the mounting those steps on my way to my tiffin
crow of the leuach were not to 'tarry or after meritoriously using my noso alsowbore: the interests of the pubile, I should seek for somo culprit's noné fo rub" in the thing, what- aver it is, that blights the underneath, or the sides, of that stone stairway. Sir, I invoke the irresistible power of the Press, and appear against the noisomeness of the thing and the want of abse (and "nous") of the Sanitary Department.-Yones etc,
·
THE QUADRILATERAD. Hongkong, 5th May, 19to,
The comparison of weather forecasts issued enced bas been conducted as the same system as beretofore (compare annual report for 1896 $5) The results are as follow
Saccess $8 per cent, partial success 32 par cent. Following the melbod used in Meteoro- logical Offices and taking the sum of total and partial success as measure of success, ažd the sum of total and partial failure as a méa- forecasts were successful in 1909 sare of failure, go per cent of the weather
4.
at the Observatory by 20 per cent.
17. The Dings-Baxendall pressure-tube Anemograph ordered from Landen is the spring..had not been received at the close of the year. It has since arrived and is how be ing mounted, and it is expected that it will be brought into use shortly.
A chronograph of inexpensiva form ordered at the same time, was received in December, and has since, by means of an electrical device, bren made available for obtaining a record.of the revolotions of the cups of the Bickley whenever required.
The registering parts of these instruments card can be inspected at all times, which is a are placed on the ground floor where the re-
great advantage,
the assemblage.
Sir Hormusjee Mody, who appeared to be overwhelmed by the spontanesti demonstra lion of good will, ther rose to respond.. He was greeted with vociferous cheers. He said Mr. Chairman and gentlemen, It is difficult for mu to find words wherewith to suficiently thank you all for the authusiastic mauser, in which you have just toasted me, I can only say that i do thank you most heartily and sincerely and take this opportunity of assuring you that it. has given me infinits pleasure to be with you hare this evening. I have also to thank you valy-sincerely for the handsome address with which you have just presented me and which I
(Applause.) I'am vaty pleased indeed to learn that the Club is in so sound a condition, and congratulate the members upon the winning of the temais rhield, and hops wa may be more soccessful on the cricket field next seÁRON. (Applause.) Personally, I'
I am afraid I have been able to do but little lo furthering the wol- fare of this Club of which I bare the honour to ba President, and in which I take a great in-. terest, and i think that it owes a deeper debt of gratitude
The average results for the three preceding youre were as follows:--
Success 58 per cent., partial success 31 per coal failure 1 por cent, partial failure 9 per 7. The number of typhoons directly affecting hesitate. Their rescuing duties were to be the North part of the Chion Sea was, as in the Coinnt ced promptly and wish determination. previous year, greater than usual, but the gates One by one the victims of the accident - which resulted in the Calong were not of great | Anemograph during short intervals of 'ilme, | shall value and treasure to the end of my life.. wug pulled aboard the launch until all the severity with the exception of that of October lackless 13 ware accounted for, it was found 9th when sterni-force was reached. that two of the children were in a very precarites to the South of Gap Rock where typhoon The centre of this disturbance passed a fow ious condition; they were in a state of uncops. ciousness and death from asphyxiation threst-
force of wind was experienced for twelve hours, esed them. Constable Pattison, of the police At the Observatory the maximum hourly wind launch, to whose credit is due the energetic valocity was 75 miles. At Victoria Peak the wind und attained an average hourly velocity work of rescue, realizing the danger of the two children, immediately resorted to artificial of 9 miles when the cups of the Anemograph respiration. So successful were P. C. Pattison's blew away. operations that, after a while, the children re covered consciousness and were immediately conveyed to the Goverment Civil Hospital (gr treatment, We understand that the youngsters It is stated in town to-day, reports the Stratizare doing well under the care of the medical Times of 27th u., that a Suaoghai syndicate attendants in the hospital. is making an offer to the United Singapore Rubber Company to take over the property of that company and refloat on a capital of $5,000, 000. The directors, we believe, were not eager in sell, but the offer is só tempilaz that it must go before the shareholders. A good deal of the land which will be transferred if the offer is accepied was recently purchased from the Government at a premium of $10 per acre, and is subject to a gait rent of S: per acra for the, first six years aud to $4 per acre afterwards.
UNITED SINGAPORE RÜBBER
COMPANY.
RUMOURED OFFER OF PURCHASE.
"While company promotion to Shanghai and elsewhere is proceeding to the same pace at before we find that the investor is not madly after any rubber share as before, and there is a beginning in the way of analysing critically the prospectuses recently issued. Local companica are beginning to be scanned more carefully and prospects analysed, and are less liable to eventual failures to-day than a month previous, la Shanghai, after the Settlement, the upward movement of the shares has been checked, temporarily as many wish, and while the rise was justified by the output or the dividend the Hall was only bound to come. Every prospectus in, as customary, glowing with the brilliant prospects of a dividend, companies being so watchful of the shareholders' interests as tosible production in two years, calculate the 'tovesue with subber at a per lb, and still show a profit el so per cent in 1914. There is the inevitable experts' opinion that the estates are always” valuable and got at cheap prices, and that 'allowing only an aver- age of albi, per tree, the estate should pay a dividend.of 75 per cent per annum.""
KOALA SELANGOR "RUBBER.
A WARNING TO THE FUBLIC.
Presiding at the annual meeling of the Kuala Selangor Rubber Company on 4th ult, Mr. W. A. Horn stated that the report was a fairly satisfactory ons. There was a prospect of additional property being acquired" which would give them 16,000 acres all round the factory in a high state of cultivation, with pos
One gets tired of reiterating the ratio of the estimated output to the future 'price but it is extraordinary that the public should believe that estates can produce rubber at the rate of 400 to 500 lbs. per acra at a price of, say, 27. to the pound while it costs nearly that price to grow it and put it on the market.
We have always held (says our con- temporary) that there are genuine promotions where astates are bought at reasonable prices, and companies formed with a good amount of working capital. Once more we assory, that *'rubbers are a safe and profitable iuresiment
whan the speculative element is absent."
TOTAL CAPITALISATION,
The total capitalisation' of 'old and new rubber companies formed in London up till 'the' 16th of February last roaches the enormous sum of 10,517,108, of whleb '£5,940;001 be longs to the old companies, formed before the boom, In Shanghai something like one and a balf million stering has been sunk in 'rubber, and in Hongkong about the same amount may bs calculated as having been tied up in the same form of investment... That more and more has been floding the same destiontion is a conclusion that anyone who follows the move- meats at the local shoṛa market, in bound to concede.
THE BRINK OF THE VORTEX, Those whose daily experience takes their memory back over thirty years is the Hong koog Exchango support us in the contection we have put forward, almost ad astm, that the injudicious plunge indulged in by mere Aadglings in share dabbling is carrying them
· dangerously near the brink of the vortex, and it is well that the reaction in the rubber market has come as early as it did, lest the mad wiri might have caught more of the unway "young 'unw" to their own undolog. In Shanghai, apparently a period of healthy re-action has also set in. Rubber shares are 'all very good in their way, but when pot in front of purchasers at prices which are not, to all appoirancas, payable at ordinary Bank rate of interest obtainable, it is not only foolish but reprehensible for small investors to put their capital into concerns which offer specions promises in contradistinction to solid local ventures that have for years back been ear-marked by success and which show every evidence of thriving for years to come.
THE GAMBLING MANIA,
.
Whatever might be the future price of rub. bat, he did not think any part of the world could produce at greater profit than the Malay Pexiosula. Wild rubber could not be pro- duced at a profit when the price fell to 38, a pound, and when the price did fall, the demand for plinted rubber would be enormously in- crossed.
The adults were nove the worse for their involuntary matutinal immersion.
3. From the commencement of the month of June
THE WEATHER MAP
18. In 1999 the number of transits observed was $31. the axis of the transit instrument was levelled 203 times, and collimation and azimuth errors were determined 18 times by ald of the meridian mark. The whole of these observations have been made by Mr. Plummer. Both the standard clocks beva boon cleaned 'during the year, the Mean, Cime clock on the 7th May and the Sideroal clock on the 29th of the same month. The Time-bali clock was offed and the ascapement cleaved on the 27th March, The going of all of them subsequently has beea satisfactory.
19. The errors of
THE TIME-BALL
made daily for use in the Observatory has been reproduced on a scale suitable for exhibition, and copies have been posted at the following notice boards':-the Harbour office, Blake Pior and the Ferry Company's. "Tasse maps while The smartness of the Water Police launch in showing the broad features of pressure distribu-
ciou rescuing the passengers and crew of the sam
ancossarily lacking in detail. It must pan is worthy of every commendation, and we be remembered that the telegraphic reporting, are given on Table 1. Toc ball is not dropped trust that the conduct and judgment displayed stations are situated almost entirely on the on Sundays nor on Goveroment holidays. sea board and with the exception of a couple of by Constable Pattison,'who was in charge of
There were no failures i 1909. Oithe 14th the police boat at the tims, will receive stations on the Yangtze river, the interior of the July and on October 19h it wis not dropped in consequence of heavy giles, and on Octo- recognition at the hands of the Captain Supercontinent is abrepresented. intendent of Police:
Notwithstanding these disadvantages It is beber 20th and December Bin because the lias lieved that the public has found the maps useful || was out of order. It was therefore dropped and applications for copies have been received successfully on 295 days, from several persons. But as those at present exhibited hava to be made by hand, it has not been found possible to meet their wishes, and in the present state of our communications the expense of reproducing the map for distribution would not be jasufied.
ELPHINSTONE v. HEAWOOD,
DISCRETION WINS THE DAY,
་“་---་
A meeting to settle the dispute between these companies, or rather to get the share. holders of Elphinstone's consent to an arrange; meet the directors think advisable, was to be held at Messrs Guthrie's offices at Singapore on May 3 The papers circulated amongst the shareholders of Elphinstone state that the directors are of oplaise that it would be best to come to an amicabla auderstanding with Heswood and so sive codless litigation which even if we might land the Company in heavy costs. The directors are satisfied with the terms which are enumerated in the following memorandum,
MEMORANDU AS TO SCHEME OF HETTLEMENT.
The Elphinstone Estates, Limited, is to. increase its paid-up Capital to $53,000 by The chairman stated that he agreed with many of the remarks made by Bir Frank Swet-issuing its 75,000 reserve shares. Of these 50,000 are under option at par to the Vendors lesham as to rubber prospectuses. A number of rubber propositions bad been foisted upon
to the Company, Mestis. Turner, Scott and Cumming, and 25,000 will be offered for the public that were not worth the papòr that the prospectuses were written on. A good immediate acceptance to shareholders on the register on, the third day of May, 1910, at par many chickens would come home to roost be-
pro rala to their holdings. 25,000 shares. fore this rubber business was over,
divided amongst 457,000 shares will give one
FAR BASTERN AFFAIRS,
BRITISH POLICY QUESTIONED.
share for each nineteen.
The total issued capital of the Eiphiostons Estates, Limited, will thereby be brought up to the equivalent of the present total issued capital of the Heawood Tu and Rubber Estates, Limited, viz., £64,000. The Heawood Tin and Rubber Estates, Limited, will farther increase its Capital to £81⁄4,nòo and to facilitate
Loades, April 20th, The Government's replies to the daily ques tions about China have excited the keenest in-adjustment will subdivide its capital lato skates
terest and comment.
Independent papers denounce the evasiveness of the replies. The Globe, under the title The Paralyzed Foreign Office, assorts that there is growing reason to distrust Sir Edward Grey's Far Eastero Policy. The paper views with concera the baretting tendency to avoid all trouble, in- itiative and resp jpsibility, even at the expoate of a very considerable sacrifice of British in- Teresia, ~ His extraordinary weakness io.com- nection with the Chinchou-Aiguu Railway was a'case in point. The Globe, continues: The Govesament does nothing to help British mer. Chants in Manchuria. Everyone will be glad if Sir. Edward Gray uses such influence as re. tains to him to support the work of British subjects in the Orient."
T
THE CHINA ASSOCIATION.
Thi Finansferculogizes the effort to galvanize the China Association into tifo (ec) and as serty that, it. British interous avo to remain permanent to Chida, closer co-ordination of commercial, financial and political interests must be adopted. This could only be under taken by the Foreign Office in conjunction with the mara important commercial groups.
. THE CHINCHOU-AIGUN - RAILWAY,
A series of questions in the House of Com moas, notably by Ead Winterton, Unionist member for Borahum, and. Mr. J. F. Remnant, pianist member for Finsbury, have been directed to inciting Government support for the British financial groups.
of 2), esch.
"
last report (3) the ordinary daily
4. Under the arrangement mentioned in my
METEOROLOGICAL TELEGRAMS
were supplemented occasionally by extra ob- servations from stations in the Philippines and Southers Formos, during the prevalence of typhoons in those localities. Toe fullest ase could not be mide of this arrangement owing to the interruption of telegraphic communica tion, apt to occur at these times, in the islands.
These observations were forwarded by the courtesy of the Directors of the Philippines Weather Bureau and the Formosa Weather Service, and many of them. proved of great value.
5. The Imperial Maritimo Customs authori. lies at Swatow kindly forwarded an observation made at 9 p.m., from May till October. Unfortunately owing to delay in telographic transmission the greater part of these messages failed to reach the Observatory until next morning. Nevertheless they have been fre- quently useful.
6. It is to be regretted that the meteorological telegrams forwarded from Hoihow and Pakhoz, while showing some improvement in the time of receipt as compared with former years, are still received too late for forecasting purposes. 7. At the request of the Government I visited
MANILA OBSERVATORY
in the spring, when I was received with the greatest courtesy by the Reverend Fr. Algué, The Elphinstone Comploy will receive from the Director, During my shortstay he was good the Heawood Company 38,928 in fully paid enough to afford me every facility for seeing the shares of the Heawood Company (which when equipment and the working of the establish converted into shares of 23, each will givement under his control, 389,280 shares, and £1,783 in cash, in exchange
Opportunity was taken to arrange details for tor which shares and cash the Elphinstone the forwarding of the extra meteorological Company will hand over the property to the observations mentioned in paragraph 4. Heawood Company and thereafter go into 8. In addition to the ordinary warnings, liquidation.
In addition to the above-mentioned-shares special warnings of the approach of typhoons have been seat regularly to the Authorities in Cantoo
and cash the Elphinstone Company will bave its cash working capital of S125,030 from which however must be deducted all expenses of formation and quidation, costs and other charges, in fact as expenditure from its incep tion except expenditure appertaining strictly to the working of the property which together with all ́revenus from the estate will be for accouat of the Heawood Company the cost of all telegrams incarred during negotiations for amalgamation will be divided equally between the two Companies.
to. As already announced by His Excellency the Governor, the Chinese Authorities bays promised to erect a
WIRELESS TELEGRAPH STATION. an Pratas Islands, and ibis Government has agreed to allow the staff for the station to attend at the Hongkong Observatory in order to receive some training in making the necessary meteorological observations.
KOWLOON CRICKET GLUB.
DOUILE PRESENTATION,
the Governor and Lady Lugard, who have both taken a keen interest therein, more especially in the annual children's sports' which are held under its auspices." If would wish, however, gentlemen, to assure you that your interest and welfare are mine and I trust that you will not, besitate to call upon me in times of difficulty and stream. (Loud applause),
ANOTHER GENEROUS GIFT.
The Chairman announced that he had just then received a letter from Sir Hormasjes the contents of which, he felt sure, would give members pleasure at knowing. He would hand the letter to the hoa, secretary who would read it for the information of those present,
Mr. T. Chee complied. The latter com- municated the fact that Sir Homusjee would' suteander to the K.C.O, debantaran háld in his Dame to the value of a thousand dollars and that the interest accrued thereon, he would leave to the discretion of the Committee to apply as they thought fit for the beanfit of the Club (Loud Applause.)
A SECOND PRESENTATION. The Chairman made a second presentation in the name of the members that evening, it was a cigar case of brown crocodile leather with gold edgings. The latcription on the cata was as follows
*To Mr. W. Stewart, from his friends of the K.C.C. 1910."
and inst. The second annual dioser of the. Kowloon Cricket Club-a sporting organisation which claims a membership of over 200 on the roll and which is developing with considerable vigour which was held on Saturday, will long be re- membasedio the annals of that iniútution for the
Mr. Stewart mads suitable acknowledgment. distinguishing events of that sonusl reunion, The occasion was availed of for the presentation Other toasts followed. They were “Tha "by the Club of an illuminated addrose to their Visitors," givan by Mr. W. Logan, responded president in bonour of the Knighthood recently to by Monus. G. Lisbort. "The mon, Secre
Mr. T. Chon replied. conferred upon Sir Hormasjes Nowrojne Mody. ||tary," by Mr. Robinson. That geallamas occupied the sout of bosour at The rest of the evening was spent in music the table of the convivial gathering. On his barmony, being contributed to by Messrs. Jago, right was Moni, G. Liebert, one of the guests | Pelling, Spurge, Robinsoo, Robins and Lam-
bert, of the evening, whits on his left was Mr. D. Harvey, who was the chairman on the oCCK. sion, Radgod along the T-band of the table were the membars of the còmouttea with
cabois was one of the numb.r. Atibe opposite whom sat the principal guests. Mr. D. Por- end of the table, Mo W. Stewart discharged the duties of vice-chairman. Upon Meists, T. Chee (hon. secretary) and J. H. Mead (hon. treasurer, of the Club) fall the burden of the arduous duties of M.C.'s, and the hospitality they dispensed were of the right royal order.
The decorations of the hall were simple and effective. The Club coloura flinked the table which was prettily laid out with red roses and green feras in barmony with the distinctive Club colours.
The toast of "The King" having been loyally pledged,
Mr. G. T. Lloyd submitted "The Kowloon Cricket Club" which was very enthusiastically
received.
Mr. Robinson, Captain, of the Kowloon, Cricket Club, responded on behalf of the mem bars. The speaker briefly reviewed the bis tory of the K.C.C. from ste inception WAGO, through the courtesy of Mr. Henry Humphreys, they were allowed the use of a graund for the playing of the national gams.
5. S. "AKI MERU" AFIRE.
PUT BACK FOX SURVEY.
The N, Y. K kindly inform us that they have received cable advice to the effect that The .. Aki Mavu, from Léadon on 16th April, bad ao outbreak of fire on board, amongst the coals, in her port side bunk- er, when about 340 miles from Sues, and bad to put back for survey. She again left Sues on the 4th inst.
PREBHOLDS IN JAVA..
EXPROPRIATION POLICY MUT ABANDONED.. REASONS FOR DUTCH.GOVERNMENT'S
ACTION
The telegrams from London on the aşıd alt, with ref 1ence to the prospectus of the' Anglo-Dutch Plantations of Java have created considerablu sensation. In view of a warning and protest issued in Loudon by the Dutch Government, the promoters of the company found it necessary to suspend allotment for a week and to give all the subscribers AD opportunity to withdraw. It appears that the company was being floated as if the intentions. of the Dutch Government to expropriate free. holds ware a matter of no consequence, whereas it may mean practical extinction the, chief asset, Freehold in Java means a good deal more than freebold under British law, because it carries certain fendal rights over the liberty of the natives resident on the ladd, and the Government considers that the exercise of such rights by foraigners, any attempt to control whom might lead to international questions, is dangerous to the peace of their castern possessions.
A well-informed correspondent, who has bean following the, Javanese and Dutch papers closely, writes on the subject as follows:-
9. By the courtesy of the Naval Authorities The Chaleman, in a speech which was meteorological messages were received occa punctuated by frequent and Joud applanse, signally from 1.M. Ships daring the year by then expressed the great pleasure it gave welcome their worthy president, wireless telegraphy, and in the case of the him to
He was sure they typhoon over the China Sea in November Sir Hormosjee Mody, which caused so much delay shipping, were all as pleased as he to have with them some valuable observations were received by oa that occasion one to whom, both as this means from K.M.S. Kent, then en, route to club and as members of a favoured community, they owed so much. (Applause.) If the Singapore.
| K.Ú.C, did not owe its inception to Sir Her
musjne it at least owed to his keen support a large measure of the excellent position in which It now stood. (Applause). Unfortunately, he could not make any flourish of trampets over the Club's achievements on the cricket Gold Cricket was, however, but one this year. of the spons to which the memtiers devoted their attention, and what fitilé, unsuccess they had had in this lias had bead more than counterbalanced by their winning of the first Tennis, League, Shield-(Applause) and not least, by the highly successful Child ren's Sports in which bith their worthy President and our esteemed Governor look healthy condition to every way. The member lively interest. (Applause). The Club wasio a ship stood at over 100 and if one good thing more than another could be said of the K.C.O. it was that the spirit of good fellowship, pres dominated over the friendly rivalry which
tions, (Applause.) (--- animated the members in the various compeli-priate the fand remains sure, and that it made
These latter will ba of material assistance in. the framing of weather-forecasts and storm- warningo..
At part of the scheme of amalgamation It is provided that Chong Ah Yons, the original owner of the property, shall receive from the Heawood Company £4,031 in fully paid shares, bis amount being dae him in terms of his Agreement with M. Joseph Boy in respect of increase of the Capital of the Company, it be ing a term of such Agreement that on any increase of the Capital of the Company ac quiring the Estate he should be entitled to a pra rata increase of his.vendor's shares.
1. The thanks of the Gore ument are dus hogement between Chong Ah Young and M. to the Telegraph Companies who continue to forward meteorological telegrams from outports spectus of the Elphinstone Company, whereby staff of the Eastera Extension, Australasing Joseph Boy referred to on page 4 of the proto Hongkong free of charge; and also to the Chong Ah Yourg was to be at liberty on certain and Chios Telegraph Company at Sharp Peak, terms to select and work for tia 50 acres on the estate, shall be carried out by the Heawood Iloilo, Bacolod and Cebu, who make and trans-
mit observations twice daily, Company...
17, During 1919 in addition to meteorological The result of the foregoing to sharaboldars
registers kept at about 40 stations on shore, 1,450 as follows:-
„It is also part of the scheme, that the, ar-
Replying to Mr. Remgant, Mr. McKinnon Wood, Under-Secretary for Foreign Affairs, declared that, after consideration of the treaty Of course, it has to be granted that every consitions, there appatred sabing unreason, man born into this world is more or less of a able in the attitude of Russia and Japan in. gambler at heart. If he escapes the inherent tagard to the Chinchou-Afgun Railway. sure to acquire it in the days of his maturity, would give the same backing to the British Therefore we find that the rubber boom in the
groups did other nations to theirs, Mr. Mc- activity, with a sech progressing with great Kinnon Wood replied that the action of fican-in the Elphinstone Company would work out
a recklessness on the part of
tendency in bis childhood days, he is almost Mr. Remnant asked whether the Government
cial groups was entirely independent of the the purchasers of rubber shares which resembles Government. nothing so much as the wilduess with which
CHINESE PORK. the British took up South Sea shares before
There still exists much agricultural agitation the Bubble collapsed. That such a catastrophe against Chinese pork, of which 16,800 CARCASES as attended the South Sea Bubble will.sot ware re-exported last month because they were follow the rubber boom la devoutly to be wished, but, at the same time, it is well that our local faventors should be reminded that the ground upon which they are treading these were all white pigs, not "black scaven-
without backbones.
Mr. Jobo Buros, President of the Local Government Board, declared in the House that
SHIP 'LOOB
The other day, you noted the fact that two freshold estates in Java, known by the names, of Pamenukao aod Chissem, had passed. into the hands of a British syndicate for avat eight millions of guildors, "including charges, The syndicate then issued prospectus, la which the land was valued at 44 millions of
prospectus, also, according to a wire from but guilders for rabber growing purposes! The Hague, contained laaccurate statements about the intended expropriation of the land by the Java Gaverament, The Dusch Government at once announced that its intention to supro- no differsace that formiguers had taken posses-" Mr. Harvey then asked their worthy presion. The London Times comments, sharply, 389,280 Heswood shares of zs, ench divided
on alleged misstatements in the prospectus.
The to-called freehold ostales igỹ Java hava and silver bound illuminated address, which, manget $50,000 Elphinstone shares will yield bave been copied on board or forwarded by the sident's acceptance of a handsome marocco captains. The total number of vessels whose approximately 7 Heawood shares for each 10 for books have been made 010 of was 194. The ho added, very laadequately expressed not only native tenantry who hold under service and Elphinstone shared
customary tenures (sovereign rights) which £2,788 cash at Ex. of (= y} 21, q¿d. $ 23,685,65 total number of days observations (counting their feeling of appreciation of his great help.
too many of the landförde abuse to thele‹own w advantage. Landlordism in ita-worst form Add cash working capital of 135,000.03 separately those made on board different ships fulness but also of their esteem for him par-
on the same day) was 11,726, Acknowledgsonally. (Loud Applause)
At the request of the Chairman the Secre prevails, The Dutch Government wanted to) $148,685.65 ment is hare made of the courtesy of those
expropriate these estates not from hunger for, 5148,685 65 divided amongst 50,000 skarer masters of vessels who have been good enough tary, Mr. T. Choe, read the address ́ar fole
land but in the interest of the nativa senants. would yield about 27 cents per sbnro,
"TO
Proposits to his and have been laid before In order to arrive at the net resalt, how,
11. The antry of observations made at sea in Bir Hormasice M. Mody, K.,
the parliament at the Hagos; but läck of fanda ever, it is necessary to deduct a sum for degree squares for the area 9° South and 45′′
"Dear Sir,-We the undersigned committee stood in the way. Now, when so many of these the above mentioned expenditure. It is North Latitude, and between the longitude of and members of the Kowloon Cricket Club emates are passing into the hands of foreigners,
Singapore and 180" East of Greenwich has been
desire to convey to you our heartiest congratulathe Goverment bas again taken" action" and with any accuracy, but the Directors con-
continued by Mr. Jeffries and, after her rotora
tions, and to express the pleasure we feel that once more laid an expropriation bill before reports that a man named Yoshida Iwataro, aldar that it should not represent more thing front leave of absence on November 3rd by His Most Gracious Majesty the King has been parliament, The Colonial Mislatar bas express aged 35, of Kagoshima profecture, bas been cents per share, particularly as some Heawood Miss Doberck, and 947,190 in all have now been pleased to recognize the numerons publicly stated that the Government has no intention smuggling sugar from Korea sinca 1906. He shares most necessarily be left over as an 'ASED! entered. first brought the sugar to Kamaura, in Nishi- in the bands of the "Ligoldstar. On this
The means of these observations have been services you have rendered to the community to buy back sovereign, rights only, but intende Sanoki district, Nagasaki profecture, and basis the cash distribution would be about 21 following areas:-Equator to 6 South Latitude Ordne of Knighthood of which you are now landlords. It is feared that they will exercise
taken for the degree sqantes comprised in the during the many years you have resided in the to expropriate the estates altogether.
Colony, by raising you to that distinguished It may be asked why this alarm af allen thance sent it to Kagoshima, Karaisu, Yobuko, cents per share, Nagasaki, Hakata, Wakamatsu, and Oita, The The net result for the Riphinstone sharehold. and from the Longitude of Singapore to 175*
a member, v
ve the sovereign rights to the ntasost, and that total quantity of sugar smuggled is estimated, ers would therefore ber-
East for the months of January to December
*. We bava on several occasione been the re- the. position" of the tenants would be worss to amount to no less than 5,000 bags.......... The
inclusive; Equator to a5" North Latitude and smuggling was discovered by a Customs In-
For each ten Elphinstone shares they would from 100 to 125 Last Longitude for the month
of January spector a few days ago whilst 400 bags wOIN my 7 Heawood shares of 2/ sach. And the Chairman of the Kuala Selangor being landed at Kamagra. It is alleged, says Rebbar Co. paraphrased thoin, remarks when the mesinge, that the smuggler engages over. It is understood that Mr.James Sellar who he stated, at ibe annual meeting of shares, 100, assistants. He bas bast living in a prine is interested in the Elphinstone Company will holders on the ith ult, that he "agreed with caly style, and kupt, concubinee: at: various have a sost upon the board of the reconsilitet. mday of the remarks made by Sir Frank Swet-- Places in Kyuska
ed fluxwood Companyo–Singapore Fres Front,
is da gerous and may at any moment immerse gers-N.G.D. News.
them in its uncertala deptba
Sir Frank Swettenbam, late Governor of the
.
Straits Settlements and High Commissioner of A case of sugar smuggling on a large scale bas the Federated Malay States (who is quoted as been discovered in"Nagasaki. prefecture. A | exceeding difficult to estimate this anto perhaps the greatest living authority on British Nagasaki dispatch to the Oraka Mainichs Malaya), has given bis approbation of the opin lons expressed abort. Mr.W.F.Natt, the chair man of the SelangorChamber of Commerce, "the man on the spot," said in a recent speech at the annual meeting of the Chamber It is as well that the public should in these times of unparalleled prosperity be warned against the flotation of companies with a capital that spalls rain to these estates in the years to come when the price of rabber will without doubt fall with the increased production," sa
receive
and approxlinataty $1; o in cash,
to larward their observations,
14. The tracks of the pe
do TYPHOONS OF 1909′′ have been laid down by. Mr, Plammer, and they will be printed and distributed as soon as posible,
•
lows:-
cipients of your generosity and have experies than before. Being aliens, the new landlonis cod-your- good fellowship and buspitality, and i would call upon their governments to interfere the fact that whila: juaugurating and assisting || in case the; Dnich Government should make 30 many. Important educational and charitable | restrain them,” It may, be added that she movements in this Colony you hays at the same "Governmentų: prelatsiz fontebold time held out, a helping, and encouraging teauro, Qeo of the BataYİR: DAD hand to the course of sport and recreation, the Government, 104 icium! indicated the liberat broad-mindedasm which F'not give boom gefon,
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