SHELL.MRANSPORT AND TRADING COM
NEW PETROLEUM CONCESSION IN BARAWAK.
gjitika, The acoual general meeting of the members of the "Shell" Transport and Trading Co., Limited, was held on stod ult at Winchester Houss, London, EC., under the presidency of Sir Marcus Samuel, Bart, (the Chairman of the (company),
The Secretary (Mr. E. A. Smith Rewis) hay log read the police convertog the meeting and the repart of the audito's,
THE HONGKONG TELEGRAPH THURSDAY JULY ar
¡tu-associa^of = 1; mean that therm will be no public issue is connection with that company, Should our expectations of the field be correct, A source of jepply of liquid fuel la: British, ter- ritory will at last be definikly established. (Applausa) 1 congratissate you upon the msult of the trading for 1959, since it is notorious that the prices for oil products were extrecicly low, owing to a variety of causes. The amount which we received for our products in 1999 was less by 6330,000 than for the previous year, hot with landing that our production of crude oil amounted to 1,245,000 tons, against 1,200,000 tens in 1908. By economy in wasking the territorier, by largely d Creased express in the cost of the fuel for our steamers, and by their greater carrying capacity (owing to the revision of the loadlins) wo have been able to almost make good this shariage. (Applause). Our wax refinery in Kostel was not completed last year, and did not, therefore, contribute to our prodis. It is now at work, and is turning out betwees 400 and zoo Enns of wax a month. When it is to full working order (which our managers estimate will be by September) this production will be more than doubled, and is in addition to our existing production in Sumatra of about geo tons monthly. The wax is of fine quality, and tax at the rate of 18, 2d. in the £. I am not at
has a high melting paint, so that a ready all clear whether shareholders realise that if market is assured for it. In order to make the we did not pay this heavy import for them we best of it we have erected a candle plant could distribute pearly another 17 per cent. in Sumatra, capable of tursing out 700 tons dividend. i prapɔné now to deal with albèr of candles per month. We are alvó eredi items in the balance-sheet, some of which maying in Borneo a factory which will be cap-- possibly need explanatiço, bocatise we are in- able of producing 500 tons of candles per viting you to section, the issue of another month. Our extensions in Borneo are of an £1,000,000 of nominal capital, Attention was importast nature. They comprise the erection called in the report to the large amount of of a very large solphuric acid plant. They in funds in hand; but, with the exception of about clude the preparation of a plant for making £40,000, we have, since the end of the year, Borses oil equal to the very doost American
The Chairman, in the course of his remarks, stated: Including the balance brought forward from 1908, there is a credit to the profit and Joss account of £855,930. Deducting manage ment and other expenses, the oil-balance is £798,368. After payment of the dividends dis tributed, there remains a balance of £515,368, from which your directors recommend that farther and fioul dividend for the year 1909 of an, 64, per share be paid, making 111 per cent for the year, leaving a sum of £205,868 to be carried forward to the current year. The dividend this year is payable on an additional £300,000 of capital. Furthermore, we have had to pay on shareholders' account, income:
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bag to move the adeption of the report and se counts, as submitted, s
FIRETRIESTA! RESCUE.
FERILOUS PLIGHT OF AUSTRIAN LINER.
· BRITISH COLLIGAS THAT. Further details of the salvage of the steamer Triesta
Lord Alwyne Compton said that; speaking for the shareholders, becongratulated the board on the very able way in which the affaim of the company had been administered.
Replyleg to questions, the Chairman saldeste by the collier, Lowther Grange show nothlug, whatever had been paid for the at a narrow sscups both vessels had from Sarawak concession. The Rajah had thought disaster in the heavy gale inglng in the Judian and no doubt sightly-that it was better to Ocean. It seems that the collier was hard at give the concessions to company like this, work for six days before she succeeded in get who would develop them antisfactorily and ting the tow rope aboard. The log of the spend upon them any amount that might be Chief officer of the Triate gives a graphic sc. required, rather than give them to the ordinary out of the voyage from Aden to the time the company promoter. Au to the reserve fund, it tow rope broke outside Bombay Lightship. It was the intention of the directors, subject to contains many details hitherto unreported. the consent of the shareholders, and subject to tail shaft broke. Wathersfore began to trim the Under date June 16, it states: At 245 pm, the the result of this year's trading, to make that fand up to an amount sothewhat larger than it stood at p esent, and add it to the capital of the company in order that their nomical capital might approximate somewhat closer to the in the business then it did as present. Con- sideration was being given to certain Egyptian proposals, and if the board were quite sat, isfied in the matter they might add this to the territories they controlled. He might add that if the various plans which wIE NOW before the bsard were matured this company would have control of something like 3,000,000 toos of crude oil a year before it was a year older. (Hear, bear)
The motion was then apanimously agreed 10, and the retiring directors wara se-elected.
Au extraordinary general meeting followed, at which the following resolution was unani. monely agreed to: That the ordinary thare capital of the company be increased to £3,500,000 by the issue of 1,000,000 ordinary shares of Lt each, and that the same.be issued at such times, upon such terms and conditions,
and for such consideration as the board may from time to time determine" à hoarty vote of thanks to the chairman and his colleagues concluded the proceedings-London & China
LAICHIKOK QUARANTINE
disposed of the whole of the £500,000 which laminating oill, which the skill of our chemi. we raised in November last. The policy of cal staff ha roodered passible. (Hear, hesr) the company has been to take over from our. It is difficult to overrats the importance of this agests, the business hitherlo conducted by discovery to us. It will enable us to enter them. This course hoë bata tendered acces markets which hava bitha to been closed to us, | Express. Jary owing to the number of products, we now-and-where-the-highest-prices-are-abininable, manufacture, in addition to kerosene and We look, therefore,.not only to an increased liquid fuel. The trade has become too large output from this source, but to improved pro- to be a mare appanage of a merchant's bust- ]fti.. Our, lubricating oil plant is now ready, puss. We are obliged to hav; establishments | and this important branch will be developed. of our own; at the same time extending our | Every oil-fed has its own speciality, and facilities throughout the orom where we are. | crude oit differs immensely. We have crude trading, in order to get as close as possible to actual consumers. In addition, to the money. £440,000, contributed by the "Shell" Com pásy, (660,000 has been added by the Royal Dutch Company and £200,000 by our associates in the Asiatic Petroleum Com
pany, Limited, so you will gailer what an snormous capital is required to carry on safely such a trade as we are conducting. It will to more prominently brought home to you when 1 state that the Bataafsche Petroleum Maats- chappij and the Anglo-Saxon' Petroleum Com pany, Limited, bave written off, as depreciation from their profisse in ihren years, the colossal sum of £1,750,000 --all ra·lovaste i la the bust ness. The premium of £300,91) received on the new shares issued his guabled as 10'in- crease our own toscrves to the round sum of
£1,000,000, sterling on reserve account and £120,000 on reserve fuad, the whole of the former being employed in the business, whilst the reserve fuad is kep: in'actual casb. Turn lag to the balance-sheet of the Bataafsche Petroleum Maatschappj, on the credit side there is an asset of about £110,000 for shares In the Gaconsolideerde Hollagdscha Patruleum Company, incrotseď since the line of the report to 300,000, this being one of the ex- tansions referred to in connection with, opera tloss is Roumania. The investment in these finida-which have cost in actual cash £300,000—is to-day valued, according to the market price of the Gecassolide de shared, as about £1,200,000, (Applause) Furiber capital is required for ibair development,
RICH OIL STRIKES,
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oil of exceptional value. That from Sumatra contains a large proportion of motor spirit Those from Boraso are rich in wax; they also yield a spirit which is extromály valuable for many purposes, but which, bejng trade secrets.
STATION,
smer with the sails as best we could, using the Cawnings, etc., for the purpose. Thers
cany
saloon passengers and 66 deck passsa and a crew of 66 making adslives altogether Seeing that the position was serious and with a view to reach the shore at the earliest possible moment, we took the precaution to limit the "upply of water and everybody on board was pat on limited rations. Sells were used, to prevent the steamer drifting to the Arablan in a north-easterly direction. Distress signals count by the currents which woïe very strong,
all other salvage appliances ware kept ready ware shown both night and day. Rockets and
was continually, maintained overhead for a as well as signalling guns and, a strict took out passing steamer, The passengers remained
calm and collected
the labouring vessel, of the bags of oil thrown Then follow long accounts of the heavy seni,
over to smooth the waves and of the progress at three knots no bour,
PARPARING FOR EVENTUALITIES," heavily and the sos washed overboard all the June 18: The lifabouls got randy. We rolled time, washing over the greater part of the deck. It was now decided to shape a couran for Kara chi in order to kavo 750 miles and to make a coune where the monsoon is less severe, which became necessary on account of ont limited salling powat. Every day a fair ration of water was given out for passengers and crew, PROVISION CONSIDERED UNNECESSARY.
but for washing purposes distilled son water is used. The passengers remalo, cheerful and At the meeting of the Public Works Com calm. The crew is busity engaged la preparing milies on 14th inst., the Chairman laid before towing ropes, and appliances in case of a vas- the committee a plan of a buspital and continsel baing met. We kopt fairly well 10 our gant buildtoga which it was proposed to crocs at course, Kast on point South. There was great the above station. The hospital accommoda- difficulty in remaloing on the Karachi routs, tion consisted of zo beds for men and to for and it was decided to bring her again on the women, in addita to which there were quar Adon-Bombay conise, in the hops of mesting I do not propose to discloss." One of the resultsters for the necessary nursing staff, a kichen, some steamer. Up to now there has been no of last year's competition has been that we have a latrion and a mortuary The site on which possibility of making the propeller sevpive, the made terms with our custwhile opponents, the these buildings were to be erected was a fat break in the shalt having occuried between the Shanghai-Langkat Company. We have given area of land fast inido the antrance to the stuffing box and the propeller. to the shareholders in that company much better station. conditions thin they could have obtained else. where, and which will probably give them better resuku thao bad they remained independent We are able to lick up their ficida with our own refineries, situated in deep water, and only seven miles distant. By baudling their production with our own, we oblicipate that we shall recoup our expenditure. We shall be called upon in due course to contribute our 40 per cent. of the purchase money, the remaining 60 per cent. being supplied by the Royal Dutch Company, I cannot give what the exact figure will be, as the preparation of the scheduls is not yet com pleted.
THE QUESTION OF OVER-PRODUCTION,
$10,000, in addition to which it was proposed The estimated cost of the buildings was to spsed a sum of $1,000 in doing up the pathe the current year would be about $6,000. The amonat which could be expanded during
[
June :: Hopes calartained of sighting the ed. On this day the sea very rough. The deck mail steamer from Aden to Bombay not realis. passengers find that they are most comfortable between decks. Waras have been washing over as owing to the very heavy rolling. Tas After fall discussion, the committee ware of cargo had started shiidng and has been perfectly opinion that, in view of the extensive provision restored by the crew. Stern sails have had to of Hospital accommodation at Yaumat and be faried owing to the strong wind having start- Kennedy Town and having regard to the rarityed drifting the steamar out of her course. It is of the occasions on which a quarantine station being noted with great satisfaction that there is has been quired in the pist, the provision of slow seady progress towards Bombay. The
hospital at the station is unaecolfary.
passengers are quita patient and resigned, . They considered that, if the necessity for
June 23: Eighty-eight miles found to be cover. auch provision should arise, some temporary ed in 24 hours. It was noticed that the propellar
beca basy mending the sails which were torn At once distross' Biguals were made by the by heavy winds, 8,go p m., a light sighted astero Marso code. The steamer was advised of out position. The reply was: Wait till morning so take on towing.
There is at the pressat moment unquestion. accommodation could at any tima bà provided. | kopt on her erralic movements. The crow has
The committee then adjourned.
wears them.
SOME Ohizeko zailors on board a British skip at Philadelphia being refoxed shore leave, on 16th ult, matinied, but were overpowered after On 17th, as the ship was sailing, seven of the a hand-to-hand fight with the English, crew,
Chinos Jumped overboard and four were
drawaid.
ably a great over-production of kerosene. If every company is determined to make is THE grand cordons of threa Portugaase Orders maximum production we are going to see.extavs been conferred by King Manual on King ceedingly tow prices. It will be a cast of the George V. The three Orders are the highest survival of the fittest. As we have wrilled off distinctions in Portugal, where the King alone out of pant profits every extension which' wa bays made, as our wells are large and prolific, and the qualities of the oil such as Í have den. cribed, the prospect does not appal ́us. It might give pause to companies which have I come now to the p:sitive part. I have told bitheito fared well because of understanding of the succase which-our-experts have achieved | with us. It is gratifying to know that in wil la Roumanin, and it is my equally pleasant the great flights accomplished Shell spirit has tank to inform you that she anticipations which been chosen by every aviator in the United I ventured upon when I last had the pleasure Kingdom, (Applause.). Our territory at Tara: A MARRIAGE has been arranged, and will take of addressing you have been realised in Koetei, kas, after giving us great trouble, bas seitled place at Tientsin, North Chine, in September, and that in Sambrjia we have struck oil, sce down into a steady product of most excellent no reason to alter the indication which I then liquid fuel, and is yielding at the rate of about between Charles Cobb, 29th Panjabis, third gave, that the field promises to exceed in area 600 tons per day. The off:ake of liquid fuel inter, and Dorothy Deammond Hillier, younger ion of H M. Cobb, Esq., Mockbeggar, Rochas And productivity the Sango Sanga fields, the the East is expanding satisfactorily now that dangbier of H. M. Hillier, Esq, Commissioner surrayed anticlinal being no 1:ss than four-and- we are able to give assurance of an unfailing
of Customs, Tientsin a-bail miles brord by five miles long. The supply. There is a development (whick j Sangu Sabga felds are exceeding our anticipadestined, I think, to be immediate) of tions: We have located straks below strata of perhaps, greater significance and importance oil there, and we cannot form the slightest'eafi ibau say, of the many astonishing move -mate as toʻthe larga reserves they undoubtedly mests in later days, I allude to the complion of the commodity," There is a mysterious contato. We have stuck oil to Java, and we lag of the internal combustion enginn, on bave decided to erect a refinery there. We have heavy oil, for ships. We are ballding a vessel also extended our Sumatra fields., Last, but not of 1,000 toor capacity, to be propelled, by a feast, we have (as a result, again, of our export's Dissol type of motor of 400 b.p. The engines skill) succeeded in locating a field, which we are being built in Holland. 1 understand believa to be an' cttensive one, in B it's another Dutch compwy is contemplating build- territory, under his Highness Rajsh Brooke, ing even larger ships than this, and that an (Hear, hear.), Whilst in our existing fields we internal combustion engine of 10,00 h.p. is an investigation. All we would indicate from have asked you to provide out of your profits, under construction in Antwerp, We must take not only for farther explorations, but the it that the question of this engine for ships has innumerable expenses for conurciisg up to our reached the stage where its universal adaptation various reficeries and storages, we propose, is a matter of a short tims. The benefits of it with your concesi, to take a different live with are enormous: There is a saving in fuel of the fold we have discovered to Sainwak. We no less than 75 per cent. The reports received held the concension for patroleum over the from the Anglo-Saxon Petroleum Company, whole of the Rajiks territory, upon terms which Limited, and the Batsfacha Patroleum Mat are quite fair, and it is our lotantion to emerge.schappij) justify, the payment on account of tically develop them. We do not think it right | this year of an interim dividand of in, per abare to ask you to do this out of your currect profila | |--vic, at the rate of 19 per cent. per sunum- derived from the golog part of our builoess. It and this, with the final 'dividend for 1909, will in partly in this connection that we are invi- | be made on July 5. I hope that the explana« lng you to authorise us to increase the ticos which I have given you as to the capital. We estimate that to bring this Deed of further capital will make it unnecessity feld leto productivity lacloding the erection for me to do more than propose, after this meat- [of K
****'refidery
the laying of a long plpalice || log, the format resolution sauctioning the in- and the thousand and one thfoga rega'ted, will "éranse which the directois suggest. The com- necessitats" the provision of at least, £500,000. stant and growing need for money will be sp. If the experience which we had in Borneo parent to you, not to mention that at any time may) wall; be thai | propantina may be submitted to us which wa m than this will be required, | think it in the interest of the company to ac, Imagentass, and fallacious to hope to quirs, and to have ika mozos of paying for ime daids on smal capital, and medištaly, available., Dar anlations with par fting disaster to stempt it Dutch collaigues and associates remain on the date will be conducisă by a most satisfactory footing." Daring the year Mér,”
twhich the whole of the Loudes. Mas personally visited the concanai the Shell Compa and, and lámpacted all the properties 16 the Kar
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THE ordinary man in the street, when consider. ing the question of rubber constantly brings up the question that there are large hidden cup
2,000,000 lbs, of rabbar up somebody's aloevo, but exactly where that sleeve is does not seem to be forthcoming. At any rate, the statistics do not bear one any such suggestion. The figures we give from time to time have no such traça ; indeed the statistics are one of the strong spols of the position that become appareat on
a study of the figures is that it does not seem safe to assume a bear position. The toʻalviai. ble supply, would appear to, be less than two months' consumption, and we scarcely expect manufacturers to pay up to 11a, per lb. for ig delivery, and gs, and 85. respectively for the two following years if they thought; they could get the raw material at a lower figure..
Events Coming.
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the cable from ship to ship till on the agih the Then follow accounts of the trials to pass
log states: The weather continued exception- ally rough and in the afternoon there wass heavy sea, the humping of the propeller is dis gale blowing with boavy downpour of rain a tinctly fell, transmitting heavy blows to the steamer. The heavy wind has robbed us of the Lowther Grange to stand by as before, our few soned signals. The signals were to
LIFE SACRIFICED.
On June 20 the log continues After three The Lowther Grange crowned our bows sad attempts we succeeded in catching the lips.
went astern to enable us to make their haw- ser fast. The manwayre proved to be a very difficult one, owing to the high seas which caused a difference of lover of about filty feet: All wars, put on to the operation and at last we were glad to see the stuoi hawser grip!! Great anxiety had bean følty in all three-tenths of a mile line has been taken aboard. “At 1-15 p.m.”a rope was attached to our anchor chain and towing commenced, bat tension was great that the steel wirea noapped. at 1-30 pm. Work was re-started, the Zowller Grange malcarring as before. "A barrel with a ling attached was safely picked up. On board the Lowther Grange, nitet it had pasted ovar, it, was noticed that a man had been washed- overboard, bleeding profusely. He had clear- ly been 'dashed against something and passed close by us. Several lifebuoys were thrown to bis, but it was evident that life was extinct.. It was 'n very painful affecting incident, and all presentware deoply marad. Tha Lowther Grange abandoned the line and immediately want to the place wherethe body fall, but no trace of it could be found. A few minutes afterwards the Lowther Grange lowered bar flag at half mast as a sign of mourning for the man who sacrificed his life:on our behalf. We did exactly the s to show our appreciation of the berolam, (Lio was subscribed on board the Tsists for the relatives of the man). Time after time, oh property, | sdcceeding days, attempts fo pass 'the tow lins Data falled, till on the noth the wire hawser was got od board. The Lowiber Grange fixed this and Tafter having let "DE K50" LAINCHis started going aband causing general satisfaction. The Low ther Graupe continued to tow throughout the
Saturday, 23rd July, Aquatic Fère, V. RC4pm. Kowloon Cricket Clab Promenade Concert, 9 p.m.
·Filday, 29th July, { Auction sale, valuable leasehold Hughes and Hough, 's puma de
yan Wednesday, gid August, Meeting, Licensing Board, 215 p.ma
Saturday, 6th August
[Gymkhans, Race Coures:
Hon
Juse so: Dirty monsoon wa
miles of Bomba”
1910
Co-day's Advertisement.
NOTICE TO CONSIGNEES.
THE F. & 0. 8. N. Co.'s Steamer
MAMASSAYE,” FROM BOMBAY, COLOMBO AND
STRITSA
Consignees
test of Cargo by the above-named vessel are hereby informed that their Goods are being landed and placed at that's risk in thi Hongkong and Kowloon Wharf and Godown Company's Godowns at Kowloon, who ach consignment will be sorted out mark by mark and delivery can be obtained as soon as the Goods are landed on
This vassel brings on Cargo ———
From London, &6, sx 1.1. Marmora From Calcutta, 2x 6.3. Nganna From Persian Gull, er B, 1.5. N. and B.
& RS. 2. Cole Staamary. instructions are given to the contrary within Optional Goods will' be' landed kare unlesi
6 hours: paid
Goods not cleared by the 27th lust, At 4 PM., will be subject to raht,
* No Fire Insurnace will be affected by me in'. any case whatever." *. Damaged. Packages must be left in the Godowns for examination by the Consignee's appointed hour. and the Company's representativas" at an
All claims must be presented within "ten' data they cannot be recognised. days of the steamer's arrival hore, after which
No claimą, will be admitted after the goods have left the Godowns,
E; A. HEWETT,
Superintendent. Hongkony, akt July, roto.
COMMERCIAL.
July mať, noon.
The following quotations for rabber shares, by wire, are supplied by Messrs. E. S, Kadooris & Co.:-
Allagan.... *Anglo-javas
e5fg. ...TIL 15
Anglo-Malays.........................................................27/9 Balgownies...gu÷÷...........................................kā Batu Tigas ..................... 185/5 . Bertams.................................udum
Bokit Kajangs (pp.) ...................................63/. Bakit Rajahsen ér
Catay Uniteds................25/- prem, Castlefields...............................37/8 Obangkat Serdangs' gumm 14.
Damansaras
177/6 Easter Internationals ......sof prem, Fed. Selangors imm Glenealya .............................................................52,75 Glenshiels 391244401813
Golden Hopes........ ....................... Highlands and Lowlands 93/6 Indragitis....................................................$25 inch Kenneths...imami Jaquies.................................................... Jongtanders....anie skaars me. -Kamuninge ..............................................8/- prom.
Kuala Lumpor Lauadrons (fully paid) Lauadrons (ppd.) vážn Labusc
***
Let dbarys..............................87ƒC Linggia
London Asiatico...........................1516 · London Ventures.......................... Merlimau MENSATTERS Pajams Pegohs......
· Rubber Trusts Saggas Sandycrofts.....
Selfivids
............40/- prem,
+330/
.535
7816
Sakong#$5/-prem Shelfords......oideuss-szuzurgause Singapore & Jokores" „..................... Sumaira ParRE « audimo Sungel Chobs
Sangel Kaparsimon Tandjongs. 55/-prem Tangkaha..... mm25j. prem. Toeregie.......................... 2/- prem. Dia Rab! Invoi Valted Serdangs in sovrannatt Valted Singapores
United SumatRY' singemen United Langkalā, vai muusnie
Para Rubber
9/10 par Ibi
KIDNEYS.
AUSTRALIAN SHEEP'S
KIDNEYS
at 60 cents per dos.
THE
DAIRY FARM 00.,
LIMITED.
Tha "ABAHI" Brewery in skiistad, bune the "SUITA SPRINOS." These Calabrated waters are used in the manufacture par bears.
Purity gizenzend.
Nota Palos Listin
ASAHI" & "BAPPORO
Bar
$12.00
porcase 8 dos pia. #13.50
· [To ba obtained at nil Ráta
SAVE YOUR HEALTH
in drinking the cheapest and most agreeable Table Mineral Water 'COUZAN GATIER" approved by the French Faculty
of Medicine.
Large Bottles
Dozen
Case 50 Bottle.....
60
SOLE AGENTS :
"FRENCH STORE. Hongkong, 18th July, tora.
THE
CHINA · PROVIDENT LOAN. AND
MORTGAGE OD, LD,
(UAFITAL PAID U#
§1;150,000)
Loans on Mortgage of House Property, Me, Goods received on Storage'. Advances made on Merchandion. Loans made on the Providant System.
(Raise and Particulars on application
DE THE OFFICE OF JESS TRUSTEE, EXECUTOR OF WILLS;
ATTORNEY,
de
SHEWAN, TOMES 2:00,
De Ganassi Managues. Hoax, oth: March, TROË
NOTICE.
Mersed in literature, has been teacher
TR. LI HON FAN; ■ Uhinasa graduate-
to Europesa officials and merchants in this Golony for over ten years, but totaNTANYA |· · He has a good method of training, Kuen- paans to pass la the Chinesa examination, and la possessed of a first rate certificate as a Chinese tachkr.. He has also a good know. Indgaĵof Mandarin.
Those who intend learning the
| language: are "requested, to write"; "care, Di Honghong Talagraph office or direct to 57, *Hollywood Road, and flour, mod
Hongkong, sed January, Foto izle,
AMSTEL
PASTEURISED BEER.
A floo light wholesome beer ad- mirably adapted for local conditio
Amatel Bear is specially pasteur- iced for use in Tropical Countries, and has been proved to give greater satisfaction than any other Pilsener
Beer on the Market.
Sapplied to the Royal House of Holland since 1805,
Awarded Grand Diploma and First Prize at Milan 1908,
HOLE IMPORTERS-
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