Intimation.
Powell's
Alexandra
ARE
Buildings.
PRODUCERS
OF
THE MOST UP-TO-DATE
TIME AND
·LABOUR-SAVING
DEVICES
IN.
MODERN OFFICE FITTING
FILING
CABINETS
With nests of
drawers
FOR
SUITABLE
Every Description
of
NUMERICAL
and ALPHABETICAL
FILING
DESKS..
CHAIRS,
TABLES;
BOOKCASES,
THE
RUBBAR SHARES, AS IAPE
A BIGGER BOOM AHEAD,
HONGKONG TELEGRAPH SATURDAY JULY 23 T010
À DISCRIMINATING REVIEW OF POSITION AND PROSPECTI.
BECOND PARTICLE.
Having, shown that the Llogg Company reald pay a dividerd of 272 per cent next year if rubber from now onwards in 1910 fall below is a pound, now propose to eximise the merits of Linggi, and other companies with rubber selling at the scarcely conceivable price of to. Bd a pound gross. For the purpose of this examination I am going to reiterate statement of mine which has been very ad versely criticised -namely, that a yield of over 7ths per tien per annum may be, rasvorably.
expected from healthy tres planted in good soll when over 10 years old, & emphatically made this statement before, and. I challenged its contradiction by any competent, authority And it may give your readers confidence in my Haloments if I give you the following opinice, poblished recently by a competest suibority on the spot-namely, the editor of the "raits Timas-to whom appeal was made. This is what he estimates can be obtained up the average-note upon the average, and read, mirk, learn)—from a European managed Vield per acio of Yield per inch..
Lbs. S
estate-
Age of tre
4
.10
PATRE
120 frees,
Lbi,
110
·240
3
360
460
6
ร
720 8.40
Two years ago 4 lbs per tree was considered by experts to be a reasonable expectation, To-day 7 lbs le considered reasonable! And two years hence think expectation figures will be further pushed up as experience is gained with the older class of trees,
pay for these out of revenge without feeling the followed by Kuala Lumpur and Jogra Katapusi plock-or, say, Linggis, by the issue of £500 and generally ikura wid by periodic and spat of extra share capital; could rare 10,000 for modio sipas in 'con or two thares, chi fy in the such purposes, while a sewer complay, hur 10 to 50 per cent, class, An antanu dazed by capitalisation and promotion profits, to this class generally will pot be may have to increano le capital to obtain the bot Libisk zezi spring share salman will again Decessary funds to carry out these reforma considerably increase, so you can buy at your For these rearms do not think that the leisure. Do not be jociayed out of your increased cost of labour will fall heavily on the shares, or you may not pick thath up again: at older companies, which already have settled | ¡he same price, but buy more on avary fall. vya labour. Many companies, indeed, have given their labourers small land boldloga--which is the strongest of all iles between employer and employes, whers cool labour is concerned and above and beyond all this is the fact that my production figures are likely to be exceed 61, which will more than counterbalance any increase in the cost of labour in the case of the older estator..--.."
FORWARD, SELLING, AN
A CONSUMPTION
-DI "DOYER'S, REV
Intimations
The
FOUNDED IM/MONOUT Dr. Doyang delivarady a docturn-in-Raria lasku No doubt you have seen in the much month with regard to the results of experimenta announcements; as,
'the treatment of consumption.
caly, medicina or other --* If, on trial sine, the elixir invented by him, for which he this medicine has done you no claims that by providing immunity from scores refund your money. —Now, ws of maladies It will completely transform the reason to speak in that way practice of medicine and surgery, Just remedy named in this-article. 1 kars now a word, for the extra greedy Dr. Doyen produced a sensation by stating extending throughout the world, shareholder who seizes the opportunity of that all patients suffering from consumption in ever complained that our medicine general meeting to, object to directors selling its first stages were doing well, under his trast or asbed for the return of his mon forward part of their crop. To you i say in menfial were seven ant of twenty four who had public never grumbles at honestly and skilifany spite of your remoren because forward sales been afflicted with the cladase in an advanced made brand, or at a medicine which really and which a month ago Were, obisicable at 128 are slage and given up as hopalsus, and a larger actually doos what it was made to do. Tha no longer, possible, more or less das in your proportion of subjects in whom the malady bad foundations of
only reached saintarqandının,singe. All thon WAMPOLES PREPARATION. cwo folly.Now you have had your lesson, patients, he said, were now able to pursue their are laid in sincerity and honour, the knowledge trast you will profs, by it.Insist on "your" To those of my crities who already look ask-directors not selling more than, say, half the ordinar occupations for ton of which on the part of the people explains its since at my production figures I would take the crop if you lika; and by all means lasistabas announcement is tire enbject of inter popularity and success. There is abdlagt to besty of quoting a paragraph from "Truth" hair advising you as a shareholder as soon as eated discussion to the medical world-Cen disguise or conceal. It was not dreamed out, of May 4th
PRODUCTION PROSPECTS.
The big producers are now making record profits, and some of their trees are now yield the exceptional retorass. On the Kamuning esiste 1 hour that some of the oldest trees are vir ding ao tha of latex per gabum, and some of the 12-years-old Heres trees on another ime portant state (whose praises my readers are triad of hearing song) have given 59, 60 and 6a
These are astounding figures, and must Faire confidence to genuine investors who have supported this industry in search of high-yield log securițios, possessing immense stability combined with great development possibilities." The above quotation accorde with what 1 bear, and I think at the general meetings of the old-- arcompanies next year some startling confrma- tory evidence will be forthcoming. I am, therefore, of opinion that Rubber shares are still investment counters, and splendid cana. ter at that; and 1, moreover, believe when beir investment days are done, they will still be the playthings of the future Stock Market on account of their speculativa marit alone; so
sil contracts and completed, but content your- self with the reflection that the director-of-all- the older companies know the game boiler than you do. A man canschafford to buy forward at 135 and sell at 81, but if he cannot get for- ward sales he joins the brigade that seizes vary) favourable opportunity to hang down prices; and small blamb to him for this, and, avaty blame to you, who hava tried to,shut the doir in his face when he was prepared to give you good money and a price, which represented a thousand per cent, profit on your product Ajax in The Financier,
THE NEW GUINAGE.
REVERSE RIDE TO REMAIN 'UNALTERED,
DESIGNER, APPOINTED.
We are able to confirm the announcamani
that was made unofficially that Mr. Bartram Mackepual, ARA, the Australian sculptor, has bond appointed to design and model the Coronation medal and the new coinage."
·
tral News, TN,
Public Companies,
CANNOT US Staff or discovered by accident; it was erudiaid out, on the solid principles"of_appiled: medical science. It is palatable as honey and contains all the nutritive and curative properties of Pure Cod Liver Oil, extracted by us from fresh cod liram, combined with the Compound Syrup of Hypophosphites and the Exitects of Malt and. Wild Cherry. This remedy is praised by all
THE WEST POINT: BUILDING:
COMPANY, LIMITED,
N INTERIM DIVIDEND of DollarsTM 1,80 A par Share for the sue months bading sets Jane, 1910, wil be payable on FRIDAY 29 July, on which date. Lividend Warrants may belootkibed po'application at the Co's Ođics.
The TRANSFER BUOKS of tas Company will be CLOSED from WEDNESDAY, 20th, to FRIDAY, agih Jaty (both days inclusive) during which period nó transfer of Bhares can: be registered.
who have amployed it in any of the diseases it is recommended to relieve and cure, and is effective from the first dose. In Anemia, Scrofula, Nervous and General Debility, In- flugnar, La Grippe, and Throat and Lung Troubles, it is a specific. It is precisely what
it is said to be, and has won the confidence of- the public on that basis; You, may resort fö, it with a faith and hope that arise from the history of what it has done for others. Dr. Thos. Hun- Stucky says: "The continued use of it in practice, convinces me that it is in most -4:1485. || palatable, least nauseating, and best prepara-
By Order of the Board of Director,
A. SHELTON HOOPER, Secretary, the Hongkong, Land" Lavest.
Ament and Agency Co., Ltagʻ General Agents #tor The West Point building, Cpy. Ld. Hongkong, fith July, 1910,
AND AGENOY COMPANY, LIMITED, THE HONGKONG LAND INVESTMENT
!
N INTERIM DIVIDEND of 33.50 per
that the genuiné bolder bas pothing to do for The naval, military, and civil service madala Abare for the 'ax modios vadiby' 30th. |
the present but to buy on every reaction, as I have from time to time said before. Yes, if Malaccas are at, say, 15, and they drop to 13. buy some if they drop again to, say, 11, buy more, and so on till, sooner or later, but gone be less surely, the day will come when your
Inaw-ball has become a snow-man. ̧*
of the now relge are also to be designed by Mr, Mackennal.
It is understood, writes a representative of the Pall Mall Gareils, that the reverse side of the colpage of the new' rolge will remalo na charged, and although there have been sugges tions in some quatters that the lighthouse and the ship, which appeared on the earlier ponules of Queen Victoria's reign, should be restored,
jape, 1910, will be payable on FRIDA1, 19th be obtained on application at the Company's July, on which.dain Dividend Warrants may Office
TATRANSFER BOOKS of the Company
will be CLOSED from WEDNESDAY, to FRIDAY, agih july, (both days inclusive), during which period no transfer of Shares can be registered,
-"-"",,",."" ན༎
INCREASING, PRODUCTION. However, for my present purposes. I do not propose to go one better. I will content mye self with the above given yields, and I have cenainly made concession enough to critics in fixing rubber some, six years hence at xs 6d a pound gross. Again taking Linggis as an example, it will be noted that when this time comen all its trens will beʻover 10 years old. The Lioggi's yield, for 1909 was $50,000 lbs, and the average yield per tree, including some. 40,000 traes which were only, tapped for the first time for six months, was 3-5 lbs, or ball most optimistic, so that the task of warning given to Mr. Mackennal concerns only, it is HONGKONG, "UANTON AND MACAO
of what can allmately be expected. The chairman at the last meeting stated that there were over 400,000 freak yet to come into pping, so that in, six years' time the yield
should be:-
Lbs.
1,100,000
$50,000 X 2.. No. of trees. Lbs.
400,002 1,80,000
3,900,000
A GAUGE OF FUTURE VALUES,
I bave pravionsly informed my readers thai
I would tell them what to get out of this mar-It does not appear that any variation of such a ket, but I must now confess my inability. character is at present contemplated. Rubber has surpassed the expectation of the
At any rate, the commission that has baen'
holders in time for them to get out and at understood, the obverse side of the coiunge; Is the same time not waining them too soon other words, the face of the coins, with the constiles an impossible task. I can tell them, King's head and the inscription. Il Mr. Mac, when think about getting out, and konnal's past w ek is any criterion, and ceriais. however purpost have prepared the follow-ly is should be, a clear, sherp, and living por- ing table of some 40 of the best companies, trait of King George will be found on the new giving the figure at which the shares of each coins, the head being turned to the left again, coase to be sound 5 per cent. securities, with as la Queen Victoria's reign. The designs and rabber selling at the low figure of and models will occupy, it is thought, some con- pound, simildly to the way Linggls were siderable sine, and it is improbable, therefore, previously worked out. The "present prices" that the new coinage will be ready for circula are thoas saling at the time this article was 'tion balore the Coronation next May. written
jed
“(wydrɔ jwujud
or, say, 4,000,000 lbs.
Now it is an admisted fact that the cost of production is approximating to as per ib, and
sw Buizəsignā Yum this with estates tor from being in full bearing; supras fun by a strin
god k zinios. It includes 71 per cent, brokerage on sales, so
joy gym it will readily be granted that the difference be tween is öd and los in. the selling price of the raw material will meat a saving of ad per lb, and making a further allowance på a saving of id only'ss the estates coms to full maturity and the labour becomes more skilled, I think'it will not be unreasonable to expect that rubber from the better class of estates will be placed on the Londen market-boloje long at, say, 91 to 1od' per lb. This will leave, on a sellleg price of ts 6d, a profit of Bd to gd per 1b, and cu an 80 basis the Linggi profit and dividend, would work out as below:-
Profit on 4,000,000 lbs rabber, at Ed... £135,000
Dividend on invested funds
£370,000, at 4% sinamaa minus
14,80
£147,803
Deduct 7% dividend due on. Lin,co***
of Linggis Preference Sbärest 700
5
£147,100
Name of
Company.
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j*qimil
joy to
Name of
* q
jay Devara wain *1993 aed a szanina
917vN< 11માં
N
au dy jo mājāų judiď.
Name of
Compar
Kapar Par......
Boods
Haley Plazta
Pelepati
The exceedingly: succnssful work that Mr. Mackennal has already done to designing and modelling medals has no doubt led to his present appofotment, it was he, it will be remembered: who designed the medals that, ward prosentad to the victors in the Olympic games-modzie). that contained those, bezoufal designs of the victory of St. George,-of-the-crowning of-the- ablete, of the figure of Victory, and of the chariot bearing the ríctor into the city. It was be, too, who was chosso to design-the- madal of the Royal Photographic Society, and the Lawrance modal, illustrating the culture of the tore, Progress, and the fruitful inse, for the Royal Horticultural Society.
MR-MACKENNAL'S CAREER.
It is of interest, too, when we remember the King's deep concern in the Caluates the cod. cern of one who has seen and kaswe—to nata
that Mr. Mackennal is a Coldnin), the first who was over elected, an Associate of the Royal Academy, and the first who was ever commis. NAAAA A3ONA#8 7 7 || sioned to desigo a coinage.
Angio-Malay ... 30.
Angie-Sumatra.A
British Borneo
-Lowland's Bir
*Jugra bus a larger acteaze planted with Coconuts, the product from ́ which-copra- basincicasid in price some go per cent, during che Just six months, and the price of which is steadily going up, and will continue to do so for some yours to come. Compsteal authorities
£147,100 Det profit available for distribution 00 £90,000 shares is sufficient to 'pay a divi dend at the rate of 165 per cent. on the Or dinary pild-up capital, equivalent to 15 per cent, on purchases made at the present price. Console will nut give you, anything like, this rejuro, and if rubber fails to the.... 6d level many of the newer plantation companies wilt. go by the board, and the supplies from Bried will come to a dead' stop, for the lowest cost at which Dr.xilias robbar in any quantity can be collected without loss is certainly, not less bao 25 per lb at Brazilian porta. These eximate that an estate planted with cocoanuls climate will pay, afer five factors would 1000. create a abortage in supio suitable soil and plies and send up the prica of rubber to a FA, 100 per cent. on its capital, more remunerative level for a further period, extending over sufficiently long time to make the sequel the consideration of the next generation and not ours. So the genuine ipvestor I would say, Daloss you can, get a safer 4 per cent, ultimate Investment, pro- mising. retura up to zo sud 30 per cent, mean.
? THẾ NEXT boom. Java Plantations shares, at £a sa, stand to appreciate to £70; It is a well-masaged estate, and very few new issues stand on such good investment and speculative ground as this company's shares do, Aed, remember, I am not writing to-day for the big investor, ha, has
'Mr. Mackoonat, who was born in MelbaaraB in 1853, has lived in England for some time, He was elected an Associate of the Royal Academy last year. "Amongst the latest of his works is the national memorial statue of Galas borough, which is to be exacted in Sudbury statue in bronze of the great portrait painter lo the picturesque dress of his period.
ENGLAND AND THE BUEZ
CANAL
A PROFITABLE INVESTMENT. Mr. Gooch, who taguired what was the original purchase price of the Suer Canal shares owned by the British Government; what sum has been received in dividends for each of the last five yea, and what, in the total sum which has been received in dividende since the time of the onginal purchase, has received the following reply from, Mr. Hobhouse :-- The purchase money of the
CUPBOARDS, &C. while, I would not part with Linggis under 65 meass enough to get sound and fellable in The amount received for in
PARTICULARS ON APPLICATION.
WM. POWELL,
LTD.
HONGKONG.
ar, orth Jupa (1910,
a shuro, · ·I claim no special virtue for Libggia It is only one of the big producere that is all
THE LABOUR QUESTION,------
formaalen, provided he is not a mlich cow. I am writing more particularly for the small, la, vestor, and to bim I say that investment. at present prices in say of the above companies
Ster Cacal shares wan... £ 3,976,582 terest and dividends dur ing the last five years to 1st January, 1910, inclu --aive, was -.-
19007
I cannot leave this subject whhout saying a word or two on the fabdor question, as it may be safely argued that this has a very direct bearing on all I have advanced in favour of good Rubber shares, Scarch labour and the | in the difference between their probabla increasing cost of If will necessitats a 'consider production in the few years of big raw rubber
is no more deky than Invasimant in Consols, M. 1905.6 ..................... If there are market, anomalies in the shares of the above the reason, is to be found
19078
1905-9
1,054,037 17 1 2,137,821 7/4 1,058,374 PA
1900-10, a 1,056,207 53
for intarest and dividends:
from January 3, 1895,- January 1, 1910, both |clusira
able amount of re-casting of the capital cost prices which zilii loom ahead (in spite of the | The total amonal' received per acre by companies' unable to entice thé | slight drop to gs Sd's Ib), and is in somU MEN- solled tabour from the older estates, and com- sure due to the slight differece in the mana “pating one against the'other for what I may gement and nature of the estate, 4 Time will, call the Boating about population. "The Gov. no doubt, level them up to pricar'approximus crement already has its ays on the health ques. "ting to the figure 1 havw givan tion, and drastic reforms will soon be the order Signs are not wanting that t
Joctor and other expensesnot cosilam
By Order of the Board of Directors,
A. SHELTON HOOPER,
Secretary,
Hongkong, 12th July, 1910.
[44]
STEAMBOAT, COMPANY,' LIMITED.
NOTICE TO SHAREHOLDERS.
THE EIGHTY-KIGHTH ORDINARY THALS TEARLY, MEETING SMÅREHULDERS in the Company will be held at the Office of the Company,, rietel Mansions, on TUESDAY, the 9in Augart, at 12 o'clock Noon, for the purpose pl receiving a Rapon of the Directors, sugaiber with a state- megt of Accounts, declaring a Dividend, c frcling the appointment of Directors and electing Liraciors and auditora statomą
Con
The TRANSFER BOUKS of the Company will be CLOSED from the 26th; juży do 9th. August both days inclusive.
By Order of the Board of Directors, JOHN AKNOLD,
Acting decrotary, Hongkong, rath July, jute.
Auction.
BY ORDER OF THE MORTGAGEE,
PUBLIC AUCTION.
{+8
́ESSES. HUGHES and ROUGH have
caved instructions to sell by PUBLIC AUCTION,{
On
FRIDAY,
the 29th day of July, 1910, at 3 o'clock in the alternoon, at thair:Sales Rooms, No. 8, Das Vinux Road Cantral (corner of Ica Houss Street), „Victoria, Hongkong
THE FOLLOWING VALUABLE LEASEHOLD PROPERTY, situate at Victoria afordanid, virt ALL THAT PIECE PARCEL: of GROUND nato, at Victoria, aforesaid re- gistered in the Land Office THERE MAINING PORTION of ́ÎNLAND LOT No. 388 Together with the messuages thereot known as: N01, 3, 5, 77.9% ax,:13; 15 and:#7, Cross Stepol, 27, 29, 31 and 33, Stone Nellat Lane and 28, 10, 33 and 34, Tai, Yuan Stiger, Area 11,599 square feet, Term 999 year from
·16th March, 1855 Apportioned Crown rent
Tas property is mora particularly delineated
its intrinsic valuin "You cannot be dias appointed in it." Sold by chemists throughout tion now on the market, One bottle provis
the world.
F. BLACKHEAD & Co.,
}
SHIPÖHANDLERS, JAILMAKERS
CHANTS, NAVALI CONTRACTORS® COAL AND PROVISION MER
AND GENERAL COMMISSON TUCTAGENTS, CA
GROUND FLOOR,
ST. GEORGES BUILDING, HONGKONG,
SOAP AND SODA MANUFACTURERS,
SOLE AGENTS FOR
BOMPOSITION: RED (HAND
HARTMANN'S RAHTIEN'S GENUINE BRAND, HARTMANN'S GREY PAINT
DAIMLER'S PATENT MOTOR - LAUNCHESynes (40%
Bole Agmis for: ON'S-SPECIALZORIAM:~
yurtland Hazirə kaowonda: |P +&.··O. SPECIÁL: LIQUER BOOTON" WHISKY, &c.
KVERE KIND OF 'SHIP'S STORES AND REQUISITES: {ALWAYS IN, STO#1 -527
REASONABLE PRICE!
GREEN ISLAND, JEMENT
PORTLAND CEMENT:
La Ceske of sys lbs. nat, 05,50 p
or Factoryti l
Bagi "of aga Ibs. nat 13.45 por
*Factory/mate print SHEWAN TOMES & 007/
* General MaBAKDES,
Hongkong, th ́Angum, roo
NEW SHOP
JUST OPENEDII
on a saltiplan thereof which can be inspected DO NOT MISS LOOKING AT at the Offices of Messin, Johnson, Stoken and Mastar, Solicitors for the Vendor.
For further particulars" and conditions of sale, apply to add and quits and VAG Messrs. JOHNSON, STOKES & MASTER, Prince Buildings, Ice House Stroslije
Solicitors for the Vendor,
Br to "Mesara, HUGHES & HOUGH,
the Auctionners.
"Hangkong, 19th July, zora,
KWONG · -FUNG YUEN,
OUR WONDERFUL SELEC
TIONS OF
RARE JEWELS
1492 &o.,
HEAD OFFICE No. 8, Des Voeux Road Was, TIMBER YARDS-Kaggedy Town.
TIMBER MERCHANTS, WE SAW MILL OWNERS,
H
GENERAL CONTRACTORS
H.B.M Naval” and Military
MOHIDEEN &
CO
Dealers in
CEYLON PRECIOUS
LAVE always on hand large stock of
American Tiz, Don,lás-Fir Oregon Band
Pise
Teak, Yacal, Hardwooda, Dharon Spar,
Ohlosse Spar, Chinese Fios of all descriptionis
Inspection fovited to the Yards,
Cuick delivaci
rod STONES, &.
88 & 40, QUEEN'S ROAD,
GENERAT