JAPANESE M. PİS IN HONGKONG:
1. GUESTS OF THE CONSUL-GENERAL
THE HONGKONG TELEGRAPH FRIDAY MAY
NOTES BY IHE WAY.
KING EDWARD'S DEATH.
KIM RUBBER ESTATES:
STATUTORY"MEETING HELD IN LONDON.
VALUE OF THE PROPERTIES.
Rim (Malacca) Rubber Estates, Limited, was The first (statutory) general meeting of the held recently at Salisbury House, London
27 1910
COMMERCIAL
41
$173
THE LATE KING BDWARD VII.
MEMORIAL SERVICE AT GANTON,
[From Our Own Corresponent.]:
Canton, soth May, The memorial service held at Christ Church
The young Prince Tugachi, and his wife are grout King most have been dwarfed by the Wall, EC, Mr. G..M. Dundas-Movat prasid company's shares, and this, we believe, will fair general · business has to be recorded, and this morning. In commemoration of cur mast
A party of Japanese notables arrived in Hongkong, by the Birana Maru tbls moro- Ing. They are members of the Japancio Parliament and are on their way on a visit to England. The party consisted of Messrs. Ogawi, Itakora, Tanzaki, Kurshams and Muto. also members of the party. The Prince is a grandson of the late Shogun. The dia tinguished visitors were the guests of Mr. and Men T. Funaten at luncheon to-day, and are proceeding to Canton to night. They will return to-morrow and continue their journey by the Hirano Maris on the following day,
ECONOMIST ON RUBBBR.
WARNING AGAINST RECKLESS SPECULATION.
ONE POUND AND TWO SHILLING
BHARES COMPARED.
The outstanding feature of the wook was the, obrarvonce by this Colory of His lata' Majesty King Edward VII's funeral obsequies eater dar. Of course, the local mountcstations of sorrow and regret at the passing away of a
traditional solemn grandeur of the ceremonias at Westminster Hall, but bere in Hongkong the rituals for she dead, though carried out on ampdent scale, ware monesbo less sincere, and the widespread sympathy of all the commun- illes was marked in tangible form. The various sections of Hongkong's cosmopolitan 'com. munity paid a graceful compliment, to the memory of the late King by holding special Memorial Services at their respective places of
worship, and all classes joined in pluciag ́a Wasith of floral tributes at the foot of the late King's life-size representation in Statue Square An was said of Victoria the Good and the Great, the dead Monarch was worth all the flower The Hennemfit just to hand has an interested by the officiating gentleman al, 905 of the
of May." But,as was very appropriately remark Ing article on the position of the rubber market | local Services, in our grief and sorrow for the in the middle of April, it gives the following dead, we must not forgat our duty to the living table showing price of rubber:
and the cted bear's of millions of loyal socis PRICE OF FINE PARK RAW RUBBER PER LB who boast with pardonable pride of their posi
tion as British subjects must have bout yester- day to a sympathec chord far that gracious Judy who mouras with her people the loss of her beloved Consort. At the present moment all eyas and thoughts are turned towards Kiug George V, and it is the fervent prayer of Dol that the new King will be given strength to Doly patriotic Britishers but the whole world
preach that gospel of peace of which bis re vered father was so true and noble a preservar,
the
WHAT BECAME of the cigarettes,
IER.
may say that he speaks very highly ladend of your estater, I do not think that 1 have anything farther to say, but if any gentleman has any question to ask I shall be only too pleased to answer it to the best of my ability, I may add that all the neces with the Block Exchange Committee, with a sary papers have been lodged by the secretary view to obtaining a special settlement in the be granted before very long. The sharehold read the notice convening the meeting,
The secretary (Mr. Henry Gunter) havloger will have noticed, at the foot of the stato
Lory report, a note asking them not to apply The Chairman sold:→Geollemes; this meat before May 4, for their share certificates in log, as you are aware, is called to comply with exchango for their allotment letters and bank- character, but the directors are very glad to serted from motives of economy only. (Hear, the Act of Parliament, and is largely of a formal era receipts; but that, 1 may say, was in- meet you and give you all the information is hear. We do col want you to apply for your bare certificates until the shares are their power as regards the affairs of the com pany and the estates in Malacca. The ac fully paid, which will be after May 1 Of counts praiepted are perfectly plain, but should course, if any sharabolder insists upon having any shareholder desire to ask any questions 1 | bis share certificats he shall bave it, but I vour to do my best to answer them. You will handling your money, and it is pur desire to shall, at the conclusion of my address, endes. would ask you to remember that we sin | see that we have paid the cash purchase coust avoid every possible expense. We do not want to sqnander anything; and if you will hand over to complete the purchase £17,000 only put off your application for your certifs deration of £16,750, which leaves us still to in fully-paid shares when we are satisfied that cates until after May 1, a considerable the vendors have carried out their contract in saving in expenditure will be effected. You is due on the 1st primewe shall have some on our register is close upon 3,000, and there its entirely. After the final call is paid-which must know that the number of shareholders 15,000 in cash for the general purpose of the fore you will appreciate that a considerable company, exclusive of the money to be derived saving will be effected if you will act upon from 22,000 option theras, the option on which our suggestion. I bave bothing tortber to say, has not, of course, mitured.. We consider that but as 1 hava said, I shall be very happy indeed
To answer any question that may be asked. this capital is ample for all our purposes.
LARGELY OVER-APPLIED FOR. I
bast known
planters
10 the
a guiaca cach not over exorbitant for a couple Melay Peninsula and he is a genul: mas of the King's cigarettes and made the curious who has had more to do with rubber purchase to the satisfaction of all parties cour than anybody that I know of. I consider cerned. When the King came to hear to what that we have been very lucky indeed to secure usa i cigarette had been put, it is needless his services as a disción. I have also to tell, destroy the stumps of his cigarettes when he gentleman in the city, har been elected a to remark that in future he took good care to you that is, J. T. Currie, another well-known bad ne further are for them.
member of the board.
OUR WATER SUPPLY."
THE PROPERTIES.
Mr. George Hallett asked whether it would not be possible for the board to offer an induce- meet to the option holders to exercise at ance their option.on. 23,000 shares. He said that If the holders of the option could be induced to do so it would considerably benefit the com pany. The option holders would, perhaps, give present shareholders no opportunity of acquiring additional sharon." suggestion, and he would see the briders of the The Chairman said he quite appreciated the option with a view to saeing whether it might be possible for the shareholders to acquire those shares at, say, the market price of the
directors more quickly to develop the estate, fell in with the suggestion it would enable the day. Te quite agreed that if the option holders
and be would certainly see what could be done in that connection.
GLENEALY PLANTATIONS,, LID.
FIRST GENERAL MEETING OF SHAREHOLDERS.
The Chairman explained that the company was floated on November 2..3be estate having been taken over as from the 15th of that month. The area then under rubber was 330 acres. It 42 acres estimated at so years old, 97 acres 23 was now 375 acres. The ages of trees were: years, 75 acres zo months old, 116 14 years, and 4 acres just planted. Further development would be carried on as labour and other condi. tions allowed. Whes the Company was floated, Mr. Maude estimated that at the end of 1910 the dry rubber produced would be 14,000 lbs, Since November 15 to and of April, they had obtained 7,243 lbs., day, so that there were eight months to go and more than half Mr. Maude's estimats had been obtained.
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"HỌNGKung rubbBR MARKET,
Hongkong, 21st May, throughout the week and rates for most of the The Rubber market bas ruled very firm sterling stocks show a further improvement. A with more buying ordain from London the miket closes fairly strong.
In-Singapore stocks, ratos are more or less unchanged, but a healthier feeling prevails,
Para Hard Fico Robber is slightly inwar being 1017. thau' last reported, the closing price per lb.
Anglo Malays Sales of thin bave beau effect- ad at 31/6 during the early part of the wook, and later at 31/81 33/- and 32/6 closing fire at the latter rate.
“Allagats were sold at 7/6, 81, and 8/3 closing slightly easier at 8/
Carey Unitede have small inquiries at 90/. prem, with probable sellers at 33/6 prem. Eastern" "Internationals have ruled fairly steady throughout the weak, opaning with sales. at 47/6 prem. and 50/- prom, god at the cloin sra a shade cazier at the fatter rate.
:
Lioggia bave changed hands at 65/-and 6′′/-, London Ventures. A large business hu bean put through at 8/6, 8/9 and 97. closing. with further sellers at 9-
Merlimaus have been dealt in at 8/-, 8/3 and 86,
41
Tangkahs have sellers at a7j6 probable buyers at 25/- prom..
Prem. with
gracious Sovereign Lord King Edward VII. was most impressive ons. The limited Accommodation in the sacred edifica: hald, the prosentatives of the British community the Consular Tedy and members of the forelgs, community in Shameen. Mr. J. W. Jamieson, H. B. M. Consul General in Canton, oceupled the principal seat in the front row, in which were seated also. His Excellancy Viceroy Yoan Shu-bron, the Tarlar Goodral and thatwo and almost all the High Provincial officials. Lieutenant Tariar Generals, Admiral Li Chub,
The service opened with the hymn "Veni Creator Spiritus, while the congregation re- mained kneeling.
Come, Holy Ghost, our seats lospice, And lighten with celestial fro Thou the apofating Spirit art, Who dost Thy sevenfold gifts.impart: Thy blessed action from above. Is comfort, life, and fire of love;. Enable with perpetual light The dulasts of our blinded alght; Apoint and cheer our soiled' face With the abundance of Thy grace: Keep far our foes, give peace at home, Where Thou art Guido no ill cao come, Tetch us to know the Father, Son, And Thee, of Both, to be but Ona; That through the ages all along (5) This may be our endless sang, Sumatra Paras have been the medium of a Praise to Thy sternal merit, fair business at 14/6 and 15/
Father, Son, and Holy Spirit. Amen. Balgownies are stondy at $10.
(The players from the Burial Service and Changkat Serdangs have been sold at $171 others were similar to those adopted in the por vice la St. Joha's Cathedral yesterday -Ed,
United Berdangs have been taken off the 135/ and later at 140/ and 150/- closing firm. market during the early part of the wack at
United Sumatras after sales at 13/9 are steady
at 14/
and $8.
W
Glenealys have been placed at $3 closing, K. T with more buyers.
1.
United Singapores are steady at $4 with no busive:s to report.
The Bank's closing T.T quotations are us
follows:-
On Loddon.......19 Oa Shanghai.74 Oa Singapore.................................... 764
FREDERICK ELLIS,
TYPHOON IN KOBE.
Koba
A RECORD ZUR MAY 1910. of Gleacaly Plantations, Limited, was held at The first ordinary general (statutory) meeting.
The hot and muggy weather which has pre- Singapore on 13th iast, Mr. A, D. Allan pre- vailed in Kobe for the past few days culmin. skling, and there being also present Messrs.ated op Tuesday evening (toth, instant) in a F. Adim, H. E. Thomson. Chew Woon Pob, typhoop, which continued to rage almost Struys, Dr. A. Grant, and H. R-Llewellyn throughout the night, with gusts of extraor (for the secretaries Derrick and Cod
dinary heavy force at times. According to the Japan Chronicle, the occurrence of a typhoon in May in Japan is almost unprecedented. Fortunately, the damage done in the city comparatively slight. The Kobe Meteoro- round to the south, the consequences legical Office states that had the wind veered city woul: have been asrious indeed. As it was, the city was partially protected from the foli force' of the winds by the hills, and the damage done in Kobe ineli was hardly more that superficial. A few fences were blown down, trees torn up, gardens reduced to a chao- tic condition, and roofs more or less damaged, but these are ant.coough to disturb the generat equanimity, though a great many people were robbed of a night's rest panly through the dio and racket of the storm and partly through the fear that the house, racking on its found ations, would fall about their cars. More or less damage was inevitable among the ship. ping, but here again the loss lu' comparatively small in the circumstances. This was donbiless due to the fact that a waroing had been issued before the outbreak of the storm. We give below details of the nature of the typhoon, and the extent of the damage so far as could be ascertained at the time of going to prese:
As regarded price, Mr. Maude based bis figures on 6s, a pound. Retores were not yet to hand and he was not in a position to give actual prices realised, but recent market figures were well known, and he thought shareholders might conclude that the prices fetched would be much higher than 61, Mr. Maude in a recent report stated that since his 1st visit in Septem- ber, the growth of trees had been extremely good, and they look very healthy, there being scarcely any root disease amongst them, and white ants were also scarce. A further 70 acres were also being planted, up, and goo acres would be feiled shortly. The estimate of yields he gave would be exceeded largely.
CAUSE OF THE TYPHOON,
Station statesthata high pressure spreading from A report issued by the Koba Meteorological the eastern coast came it contact with the dis Mr. Adam asked how much it was proposed urbed atmosphere in the south-west a few days to plast up by the end of this year?
age, with the result that a south-easterly wind The Chairman said Mr. Maude estimated proact in, and weather akin to that of the rainy' acres further, but much depended on the labour troubles. There was no financial reason why it should not be done. Taqt would make a total acreage planted of 875 acres,
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After the hymn The 'Souls of the rightous are in the hand God, and there shall no tor ment touch them,” was sung, the officiating. clergyman offered the following prayar while ; the congrégion remained kneeling
Almighty and everlasting God, we are taught. by Tby holy Word, that the hearts of Kings are in Thy tula and governance, and that Thou dlost dispose and turn thom as it seemeth.best to Thy godly wisdom: We humbly beseech Thee so to dispose and govern the heart of George, Thy Servant, our King and Gover nour, that, in all his thoughts, words, and works, he may ever seek Thy honour and glory, and study to preserve Thy people committed to his charge, in weslib, peace, and godliness: Grant this, Omarciful Father, for Thy dear Son's sake Jesus Christ our Lord. Amon
Then the benedition was pronounced, and the service concluded with the "Dead March in Saul,
THE JAPANESE SERVICE. The Service held at the Hongwangj! Templa yesterday was impressively beautiful. A large umber of the members of the Japanese com manity in Bongkong attended including weire little children of the Japanese Primary School, There were present among the congregation a few Europees ladies and gentlemen also,
Before the religious part of the ceremony commenced,
Mr.T: Funatsu, Consol-General for Japan,sald that they were met within those sacred preciucts that day--the day of the burial of the great Sovereign of a great nation-to do honour to the British nation with whom the Japanese shared la their grief and great affliction. Though his late Majesty's reigu had benn a short one, it was fraught with many great and enduring events. It would be a work of super- ogation for him, at that moment, to dilate upon the great deeds of the dend monarch that have had such a marked influence upon the comme of political events to the history of the world within recent times. He could not, however, fall upon that occasion and in that place to
the seiga of Edward The Peacemaker and is exo Alliance which had been concluded during make a passing reference to the Anglo-Japan.
still a subsisting and binding compact at the pre- seat time. The agreement was one which not only tended towards the cementing of friendship of the two contracting parties, but it also con riboted towards ensuring the peace of the world at large. As Japanese there were several cit cumstances which made them sympathize with the English palico in the loss of their King. As speaking, their condition was sologous with so insular nation he felt that, geographically that of England. They felt genaise admiration for their Alles whose, poble example it. was their endeavour to amuiate, more especially in of the world, the direction of the preservation of the peace
April. Apelir. Mov, t, Deo, s. Jan. r, Feb. 1. Mac. 2, 1000. 1909 1909, 1909 1910. 1o, 1910. 1. d. s. d. s. d. a. ds. d., sd, ..d. ‚3·1Ì· 5 ·3. 9° • Bal, 7 7 791 89
The article then proceeds: The rise in rubber value and the rise in rubber sunran
Now, I would fast like to say a word regard: the end of October and the end of March
ing the applications for shares in this com have not always gone pari passu, Between
bard fide Para moved up and down from
pany. As you are so doubt aware, we had only 50,000 shares to offer, and they were applied for wask to week, and at the end of six month Was Actually 5d. par ib, lower than at the be
more than fifty times over. This, I believe, i -a-record,-and-the-revuls-was-that-your-directóra gianlag. Oo the other hand, the shares shot up very quickly in this period, and as will be Apropos of a reference to the dead King, had the misfortune to bare to return to eager sean from our fable, the riso was in some cases
rdy good story is told of His late Majorly applicants, in the shape of application money, which most of my readers may probably upwards of £150.000. The retuli was that your over 100 per cent. The reason for the market moving at this particular time was, of course,
not have come across, The Incident proves, directors in connection with the allotment of the sudden Interest taken by the public, who
ibat thoughtfulness in little thing for shares, were faced with a big difficulty. We da began to realise that a boom
always noted cided, so far as lay in our power, that everybody progress, which King Edward wai
His Majesty to be fed with more or less sensational articles appears that one day
should have an allotment, and as a result na in the hill-penny Press, and to feel an itching his visit he threw the stump of his cigarette cepting the directors, who are obliged to hold visited a certain factory and in the course of applicant received more than 20 shares, ex desira make money for which they had neither toiled 'nor spud. It was fortuante for outside the establishment. It so happened too shares each by way of qualification the speculator that the raw rubber masket
that a couple of worknien saw the King's act Having regard to these circumstances, your continued so wonderfully' firm, and so helped
and forthwith proceeded in the 'direction of duectors, although desirous of obtaining a the boom on the Stack Exchange; but wo are
the little treasure. Ons of the mon, however turger interest in the undertaking, did not think afraid that not many of the speculators who necessarily forestalled the other, in picking it right to take advantage of their position, came in and bought at the beginning of this up the stump and a healed discussion ea and therefore they only took their bare quall year had calculated the chances of the market sund as to the ownership. One of the fcation and in order to increase their holding, or foreseen the zlea in Mincing Laud
treasure-seekers urgued that the stump bi- they went into the, markers and purchased shares at a beavy premium. Now, speaking in It has often been remarked in this boom longed to him because he saw it first, whip the that the ss. shares have been la great de he was entitled to the ownership because be pick regret to have to tell you that, owing to cep
other employed the more material argument that regard to the board of directors, 1 very, much mand, and risen lar-mora' rapidly than the
ed it up first. A wordy warfare was in progress, tiaued ill health, Mr. O. V. Stephans, so old old-fashioned i shares. In fact, one may doubt whether the boom would ever have which threatened to develop lato a battle royal, friend of my own, has been obliged to resige grown to its prosent size but for the introduc
when the King arrived on the scene. Cabis seat, in fact bis doctors ordered him to do tion of these 24, securities. The distinguish learning the cause of the quarrel, the King so, we shall miss him very much, but am ing feature of the ficance of the last few months asked the man who had the cigarette to keep it, glad to say that we have in bis place bera for has been the extraordinary public interest while from his pocket he draw another cigarette unate enough to secure the services of Mr. created in the market-an interest- quite with with the royal monogram printed on it in gold | John Turner, who is, I have no doubt, koown out precedent is recent years-and one is
and prosented it to the aggrieved party. Sume to most of you. (Hear, hear.) he is one time later, an enterprising curio-hunter thought || of the constantly astonished to find the most unlikely paople talking, thinking, and, speculating ara people with very little money, and one reason why they are attracted to the rubber market is that the 2s abares, however high they stand, are 'always within the reach of a shallow paran. When a share has had a com- loat valge multiplied alas or ten times, buying even in small quantities, becomes rather expensive, but a 28. share can beat quite a bigh premium without losing its interest for Now that the report of the Special Committee
As to the properties, themselves, I am of poor man. The result has been to create appointed by the City Fathers to inquire into opinion that they are the best that have beeb a disproportionately big demand for cheap the possible scurces of contamination of the affered to the public, for the last 12 months shares, and in order to show the difference in Mount Austin gullab has been made pub- at any rate, will not go further than that. valuations, we have drawn up the following it would be interesting to see what steps You have got a fair amouel of land under lebles, which attempt to find a common unit Government intends to take with regard to cultivation, and you will have seen in the of value by comparing the market valuation the matter. It is made clear 10, the report that prospectus the estimates given by Mr. Mac of the shares with the probable ou put of the only method to avoid contamination - Gregor, than whom there is no better author rubber in the next two years. Like all methods together is to get rid of the reservoir itself ity in regard to the cultivation of rubber. of lesting values, the principle is in some points and bring into use contain extensions of
You have seen the estimates that this year defective; but it may usefully supplement the
the Colony's waterworks, to make good the 'you will have a production of 5,000 lbs for usual method of estimating capital or market deficiency, but the Government are loud in their 1911 he estimates a production of 30,000 lbs: value per acre, and it shows up very well the cries that this method would entail an excessive in 1912, 70,000 lbs; is 1g13.120,000 lbs., and difference between the. Li and the as shares.
in 1914 a cuttura of 175,000 lbs., and if cost. As far as I can see, the question is reduced The first table deals with £t and the secondo this-is it to be an excesive cost or are we
thoss figures are ont considerably exceeded with 2 shares in producing companies, lotoface the waenvable danger of possible water
from next year, onwards, I shall be very each table the Brit colume gives the market polsoping? And this reminds me of the beated much disappointed indeed. The only thing value of the company's total capital at this controversy which raged some time ago over which militates against production is the fact wook's prices, the secood column gives the the proposed sale of the Colony's "Beest site." that the estates require to be thoroughly expected production of the years 1910 and 1911, The Government very plainly urged upon misled cleaned. That is being done, and therefore and the last column the market value of the parties the pressing need for the wherewithal consider that I am perfectly justified in state capital per lb. of production anticipated in to put through certain public works, in which ing that we expect that, next year and onwards, those two years. The anticipated production waterworks are included, but a few bare the estimates of Mr. MacGregor regarding the Is taken as far as possible from official sourcen brained faddists step upon the scene and think output of rubber will be greatly exceeded. As but it is largely drawn from an interesting little fit to shout out their disapprovit from the to the estimated profits, you will see that they book published by Messrs. Mathieson and housetops for aesthetic and other considera-
have been worked out upon tba basis of rubber Sons, and the "A B C to Rubber Plant ng tions. Now why can't such people lat Gavera-realising 48. per lb, for 1910, s. parlb. for 1911, Companies In Malaya":-
ment alone? It is exasperating, to say the least, and for 1911 and subsequent years 45, per lb. that when the authorities are given an
"No man would cata to say 'what is likely to tualty of pailly compensating for the coilpst happen in regard to the price of raw subber, blunder committed in connection with the Kow. and 1 mart certainly shall not say anything 1oon-Canton Raliway by a veritable God-send, about it, but 1 will say that a company with THE DEPRESSION IN THE SHIPPING TRADE what is euphemistcally termed public opinion which I am consected bas just sold a portion should chip in and harass the Government Ey of its output for the whole of next year at Mr. Kaso, vice-president of the Nippon dmeans of flanking marœuvres. Worse things | Eis,'per ib-{Hess, bear)-and, although ! Yusen Kaisha, makes the following observa. In Koba fair weather prevailed when the could happen than the sale of a harmless site do not look forward to that price being realised, tions the depression in the shipping typhoon was off Luchu, but on the afternoon Baļu Caves....................... 454,450 . 319,400 23 3. to the Standard Oil Company. How can peo for ever, I merely mention it as being a satis trade: -
of the toth an easterly or north-easterly wind, Bukit Rajah......7,467,400 1,031,000
It is freely remarked nowadays that the with showers, blew up, and gradually increased ple talk of civic pride when there is one of the factory figure. If London merchants are pre- --Consol, Malay ... 961,108 665,100
worst physical dangers staring us in the face?pared to make contracts at that price, I think shipping world has at last emerged from the in force: At to p.m. the baromater went down Damansara ... 918,750. 866,900
Such things can only happen in Hongkong. you will admit that it shows that the position of depression, but, speaking on the basis of the below 750 mm: (19.53 ins.), and the rain and Fed, Selangor 481,400 385,200
the rubber market is pretty healthy, and if the basiness results of the Nippon Yusen Kalsha, wind increased. The min abited somewhat 25 0 At all events, no sang Government or com. Galconda
542.500 371,500 29 0 mercial body ever refused a windfall when price holds at anything like that figure, and the reverse is the case. Seeing that the marine about midnight, but the wind force gradually Golden Hope 385,005 198,500 35.9ous came their way. Some people fondly im. should the estimated output be exceeded, we trosport busionss in the Pacific Ocean and the increated until it reached its climax at 1.10 2.m. Hand L'lands...1,843,015 1,495,300
38 a agine that the sale of the "finest site would ought to see very much larger profits in the American coastwire traffic are daily showing yesterday (11th), when it registered a speed of fatward in front of the altar, which was prettily Then one after another those prosent stepped Inch Kenneth... $50,000 342,000
32 o be a tremendous public sacrifice but there are years 1981, 1912 and 1913 than estimated in sigos of improvement in the wake of the finans metres per second (65 miles an hour), white decorated for the occasion. The interior of the Lumpar 7,115,500 1,158,630
36 6 many wrongs which exist solely in the im the prospectus. Having regard to all these cial revival in Europe and America, and that the barometer went below 740 mm. (19.13 Tas.) temple presented a solemn and impressive Malacca 5,900,000 3,516,500 33.3 sgination. One fact is clear, Money is circumstances, I do not think that the price over 200 ships which have been lying nuem. Buch typhoons as that of yesterday morning appearance. As each member of the capgr Perak Plata, 573,750 310600
36 urgantly required for important public works of our shares in by any means too high. On ployed in Germany for some time past have usually occur in the summer or autumn, Foration stepped before the altar, he made a deep Sungel Kapar ...1,000,000 630 600- 31 3 and it is the Government's duty to obtain that the contrary, I consider the present quotation, sil cleared from their moorings, some people teately the centre of the storm pasted away
money in spite of unnecessary oppositión....
which is in the neighbourhood of premium, regard this as a sure index of the revival of the oat at sea, and owing to its gaat speed its force Total:,18,199,373 11,482,200 32 0
very cheap. I know that it sounds a lot, but sea transport industry in the world. But this was soon exhausted. ——-DILL-GIKE'S-PARADIḤETM*
as things go nowadays "they are cheap; at any state of Riairs is confined to Europe alone. "TWO_FAILLING" "EITARES,
That wholesome izstitution known Market
rate, tam holding my shares. I do not think | Coming to Japan, it is true that passengers Victoría Gaol is fast becoming the criminal's that you will be at all interested if I gave you and shipments bava tncreased in some measure The damage to shipping in the harbour was Anticipated Value Production, per Lb. paradise. When one pauses to reflect upon the particulars regarding my valuation of the pro- on account of the Anglo-Japanese Exhibition, confined mainly to lighters, of which 22 were
comparative sate with which récent escapes perly, for os present quotations you can work but this is nothing but a temporary pho. suck and 29 wrecked. ̈ A bost of :3a koku bur have been effected, one cannot help wondering it out for yourselves. If you do, I think you | nomenon, Ships on the European and Amer. then, whilst op her way from Moji to Sema Name of Coy.
was caught in the typhoon off Suma and that Government have not yet thought fit to will find that the value of our property comicae lines have fairly good shipments outwards, introduce drastic reforms in the conduct of the pares very favourably indeed with any other but they are almost empty of freight on their sunk. Fortunately the three men on board "Anglo-Ma|a7.................2,671,875 1,341,000 39 sol. It is not exactly reassuring to the public on the market.
return trip. The Chinese service is showing were rescued. The boat carried. 600 cases of Cicely in 483.750 277.700.
to be alive to the fact that prisoners should be PROFIT-EARKING FRÓM COMMENCEMENT. some vitality, due to an increase in the trans-sulphuric acid and 73,100 kin of manganeso, at Lingg! ...2,268,750 836,050
so easily able to chest the law and that 68 6
Of course, you know that we shall be profit- port of cotton clotb, matches, sugar, etc., and a total value of Y3,400, were lost. Patallog
36 a more than ons long-sentence man should at the
The ships passing through the Inland Sex on ........1,167,5¢¤· 645.500
this is causing a partial revival of the shipplog Selangor
saring from the vary commencemeat, and we industry in this direction. It is a serious Thesday, bath encountered very bad weather, ceeded to Statue Square and before the Statua . 1,350,000 913,100 196 present moment be at large and most likely hope to return very satisfactory dividends in mistake on the part of the people, however, The N.D.L, stesiner Dergingar, which arrived of ble fate Majesty pald bis homage to the S. (Bertam)........7,081,812 - 426,800
446 their midst. One is half tempted to believa
doċů As a matter of fact, wà shall lose no Uld Sumatra. 568,740 173,000
65 9
that far from instilling a wholesome dread into
time in doing so: The report upon the to pass basty judgment upon the condition at Kobe yesterday, anchored twice on the way memory of the dead monarch in strict Japan
eso fathlon, Vallambrosa .....,531,087 988,300
318 prospective crimioals, the Gauf as mustiers at properties was made for the vendors by ships sold by large companies to various weather, and's number of other steamy of shipping circles from the mere fact that up from Nagasaki to Kabe on account of, bad present stand actually encourage visitors, who
Mr. J. A. MacGregor, of Seremban, who individuals are put on special service by them compelled to anchor until the gain had partially THE MOSLEM COMMUNITY, USA Total mimadi;717,824 5,651,450 41 3 probably do not giva s'thought so much to get-
WAI connected with Anglo-Malay The method on which the tables are made op ro- slug into it as the ridiculous case in getting ago. He it a most careful man, and does
does Until fadustrial circles in general recover subsided. At Nesmithing, to the chastel be
"On behalf of the Moottawallees' 'and the' quires so farther explanation, but the figures out of it. How long is this going to continue?
not As a rule overstate things. On the contrary, from their stagnation and the purchasing power tween the Binge-nada and Harima-nada a few congregation, the Imaun of the Morgas at of the nation increxias, with a corresponding miles from Tadnisu, a stormer was wrecked. Ow: Hongkong, after yesterday's service gave show bow-highly the 2s, shares are valued in
be is a very cautions man, and I consider that increase in the impart business the sea transporting to the thick weather, the game of the vessel expression to the heartfelt grief caused by the we have been exceedingly fortunate in obtalu. business will never revive in the full sense of comparison with the shares. In the Ez share
could not be discerned, but it was believed that death of His lato. Majesty King Edward VII. Gimble the lowest market valuation is ars. 30, por THE CHINESE SALT MONOPOLE og his services. Further, we have boon the term. Howevek loudly the revival of the she was a...Japanese steamer of about 1,200 and paid the highest-tubute to his memory.Pad fortunate in securing the services of Messrs, transport business is talked of among the tons. The ship was in a very bad position, Prayers ward"afterwards offered for the long Boustead and Co. as our agents in the East. public, the figures to the business results of and the greater portion of the hall was under life and prosperity of our presect Sovereign, They ara excellent people. Speaking from the Nippon Yasen Kaisha are more than
MN His Majesty King George V. Long may ku experience, the Eastern agent is as important sufficient to deny the alleged revival to the to the effect that the 0.5.K.steamer Wakayama There was a rumour in circulation yesterday
reign! Ames as your manager, for he acts as a check upon the manager, I consider that we are very lucky
| fodustry."--Japan Chronicle,
maru had been wrecked off Kyushu, and that indeed in having been successful in obtalming
of 5 persons on board only 5 wera axved The Java Böde calls attention to the decrnas) their services, and you may rest assured that in WE loan from Japanese sources that the Inquiry was made by a Chronicle representa ing output of pepper in the Straits and S. their hands your interests will be well looked German Steamer Jamb Diadisichsos has been tive at the Kobe office of the Oisha Shosen owing to the more pressing claims of rabber after. Your board are to regular communica. sold by Messrs A-Drewell-&-Cow-to a buyer · Kalaba, bet no confirmation could be obtaloed cultivation Experts any that, the quality of tine with them weskiy. Your interests on the In Yamaguchi Ken, The vessel has been trad. of the report. Cur representative was inform Siggspers pepper kan fall
states are being well looked after by Mr. Darby, ing on the Obine Count for the past saveraled that nows; had been received of the wreck to the lens cari bestowed: Om and again I may say you could not have your years) and will now" be employed, in the "of a steamer near Sanok! (the wreck mention sequence of thejos pr. pas mull fetsreits in better hands. Probably yon all know Hokkaido cossing trade, having been no-named, ed in a paragraph above), and an official of the Ijaweld foot forward to him. He is acting not only as visiting agent| the Banjomaru, She was transferred to the company and beso dispatched to the scene af, output, and apa, lesto but he is sing a son of general sopatriter, and i. Jopasste dag an 7th lum
ded the wreck ta nagartala Fuller partimulare:
Name of Co.
ONE FOUND BHARES.
Market Anticipated Value Market Production, per Lb.
Value, 1919 & 1911. of
Rabber.
Market
Value, £
Lbr.
1910 and
1911, Lbs.
18 6 98 6 ZI 3
'of
Rubber, a. d
34
ib and the highest 38s, per ib, while in the 21.
Table the lowest-la 291. 6d. and the highest 68,
CASUAL CRITIC.
6d, par lb. It will be seen that the average
CONTROL OF THE REVENUE. valuation of the Le phares in sat, par ib., and of ths, 48, shares 4th. sd; për 18. Ar between ju
Paking, May 19. dividual companies Abis" dough principle of vaining obviously recaires some qualifications, An Imperial Edict has been issued which but as waterton groups, it serves well enough. reprimands the petitioners and refuses the peti- The ment: spichlagt who cares for nothing sinn el H.E. Hai Liang, Viceroy of Manchuria, Sammon to senich a prófi will not trouble bim- sad other Vicesors and Governors la which all about valuation of production, but anyone they asked for the appointment of co-control. **ad times of buying jobber' sharaf is an iplers of the Salt Monopoly to act with Duke Last wield do well to consider figures of Teal T The latter accordingly remains sole sins, carefully, and rola out those controller.. Consequently the sale perquisites whdon patars in alreads "grar-dis. | hitherto apforad by Governors are likely to
點
There were no further questions and the meeting closed.—Straits 7imet.
NIPPON YUSEN KAISHA.
..
reason prevailed. On the 8th instant a typhoon came up south of Formosa, and advanced in a 1 north-easterly direction, reaching the Luchus the following day. On the oth a remarkably high temperature prevailed in the Kwansal district, and on the morning of the 10th the Typhoon reached Satsuma, a low pressure being. recorded there of 736 mm. (1.98,) Shikoku And the west of Chogaku were also affected, and a strong north-easterly wind arose, accom panied by rain. The centre of the typhoon began to advance from Kyushu towards Shikoka.
waler.
THE DAMAGE,
Conani Funatsu concluded an address which wat feelingly delivered by declaring that the memorial service was held out of respect for and deep sympathy with the great English nation in their sorrow.
The addrear concluded, the Rev. Tamura and Kuchiba began to recite prayers, which were silently followed by the congregation, according to Buddblade rituale. The prayers were brief.
and reverent ebelsanca in front of a tablet`on-
the atter bearing a dedicatory toscription to the Jale King Edward the Seventh, After this, powdered incense was dropped into the burner. 'f'bis ceremony was performed by all the them- bers of the Buddhist persuasion presant.
An affecting sceno, was that when a very little boy scarcely ten years of age approached the altar nod went through the ceremony of de- positing the incense in the sacred vessel which bis diminutive belght hardly enabled him to reach..
The whole ceremony listed about one hour, The memorial service over, Mr. Funatsu pro-