CANTON INSURANCE OFFICE, LIMITED,
SANNUAL REPORT..-
بت
"The report of the general agents, and con saltlog committee for the year 1979 states:-
THE HONGKONG TELEGRAPH SATURDAY SEPTEMBER 24 foro
THE MALACCA REPORT
AND ITS BE IRING ON RUBBER PLANTATIONS.
CRITICISMS OF "THE ECONOMISTA UNU The Economist, of August 20, has the follow *ng article dealing" with the report cf thự Malacca Robber Plantations im
"Since its birth the rubber market in ‘hi Stock
#909 Account, beamount standing to the credit of this account le Sco4,451.63. Il la pre -posed to deal with this in the following man- || Ekchange has been cezaanably free from regrettable incidents; At times Minclog Laos Add to reserva fand nie mammai «. $40,000.00 has proved disappointlog, and prices have Add to re-insuțanco fund ... 10,090.co||filino, for the companies themselves have To pay
pay a dividend of $15 per share 150,020.00 usually come up to expectations, and reason To carry to the credit of under-
́able forecasts have been wonderfully justißad, waitlog suspense accoust. ............ 304,451,53"| Th's work, vafortunately, the cheerful record has been broken by the publication of the $30$461.63
Malacca Compacy's annual report, which not Con: uting Committee. Since the last meet only disappɔ'n sthosewhobava been expectinga log Sir Paul Coster, Messrs. H. P. White and big dividend, but reveals such serious discrepen. F. Shellu resigned their seats on leaving the cles with former púð íshod statements that share- Colony. The vacancies thus caused have been | boldesk are expressing considerable dissatisfac led by the appointment of Sir H. N. Mady, tion. The Malacca has always be n regarded as [Seros_G/W:/Barton and W. Logan.2004, ose of the premier companies, and is known as accordance with the terms of the kiticles the "heavy" security of the market. Its capita is of association all the members retire, but, ba. ́very large; pr. fits were expected to be scarce'y ing eligible, offer themselves for re-election. less lirge, and a dividend, of costly too per Anditors →→Mr. W. Halos Poll being absent | chot, was thought possible for 1910. The re from the Colony, the coarding committee folus are very diffasst, from the expectation. filled the vacancy by appointing Mr. E. J. Profits for the year amount to £71,850; 50 ChapmapiLA of Massil, Lionead and dividend is paid beyond the interim distribution Davis, Táist pislatmentést qu'res the con». ofso per cent, and production. Is will balow
Teofs
the official estimate. Taken by themselves these results might pass with no more com ment than an ordinary disappointing report would naturally receive, but there are coa or two circumstances which heighten the import ance of the incident from the market as well as from the industrial point of view.
די
TLMYWIHOD Patts and H, Percy Smilb, TCA pofar themselves for electios to hold t Įšho next ordinary meetlog.
E, MATHESON & Co., LD...
General Agents,
STATENEST OY ACCOUNT FOR THE YEAR 1999.
Liablitu. -.
Capita-10,000 shares of $250 each”
• façon,oco, of which,$5o' per share has been paid.ap
Reserve food.
Re-insurance fund ......
Underwriting suspense account. Uncollecte 1 div.derdi.....................
Accoucis payable
*********
ALSETS.
†
MARKET'S INTELESTE,
To taka fit the market's interests. The Malacca Company was formed in 1906 to develop a very large rabber acreage. Subsa (03,052,00 quently a number of addiiloual properties were 1,500,000 offered to the directors, who decided to buy, 138,696 $4.and in order to fiance the purchase ofered for 120.10 subegrip:120 last your £jos,000 of 6 per cent. 13,628 codebentures, The special attraction of there 112,374 37ecurities was that up to 1954 holdern would Balnuce of working accoun3, 1900... 504,461.63 | have the right to convert into ordinary shars
$2,969,830 04
at Lio, and as the shares then Blood al dexriş 10 and were expicted to go much higher, an enger demand sprang "p' for the debenture", which were very largely over-subscribed. The thrras" rose to 1834n the boom, hava tince. given way, rapidly, and on the publication of the present report dropped to balow 8. In the 215,000.00 prospectus issued, last November statements wern made about the company's position, which 2,503,716,:8|| suggested that the estates were in grod order: that the yield was likely to lɩ crease ve, y, it pid. 65,466 67ly, and that nothing but labour difficoliles had 13.333.33 prevented a considerably larger output"in the previous twelve months. The exact words of 33.2958 the prospectus wêre:-
Cab, oo current account with
-Hongk og and Shangbai Bank-'
log Corporation., *****...$ 82,159.59 Carb is hands of general agents 96. Fixed deposit,' with b’nki ja
Hongkong ...
marrim ditore spejara Mortgages on property in Long-
korg and Stanghal Shanghai in Hoogkem Wharf "Company, L'a, debentures........ Shan,bai Club debenture--" Chloese Imperial Government
Loan, 1885..................... United States bands (4%10a1915)-400,000.00 Japanese Government gold coin. 47,209.83 Jipizera G.viroment depolit
Consolida in bonds $60001 Imperial bonds...... 23.593.15 War bonds............12.7 11,6
91,850.55
$290,590.04
WORKING ACCOUlf, 1929,
.......5,113,415.64
Lostas and claims prid
· Charges, ¡cclød og directors, audi. ton' and survey fees, agobiał expenses, &c. .................................
„Commissions........
Exchange ...............
Balance as above is a w
Net premia received, less returos and re-insuranceë u mana Interest pekáraz, assament Transfer fees
At present, owing mainly to a deficiency of trair od tappers, doly about 105,000 träsk ste being topped, al.hough it is estimated that there are at least 215,000 frees now tappable The number of trees tappable by the end of The year 1509 should exceed 375,000, and by the end of the year 19 e it should exceed 705,000.
SHAREHOLDERS'. REAL GRIEVANCE.
The obvious meaning of this statement was that the company had a fize reserve of tap
pible trees; that it was working well within its „powers, and that given an increased supply of labour a much larger output would be possible The actual conditions appear now to be very different, fes the present report says:—
89,01195 15:160.67
~te hav, be`n found:wivisxb'a to complernty" +4,438.43 ́rest a considerab'e number of the older trzej, 501,561.63 which had been relied upon to furaish a large $1,73,697.33 proporti,a of the estimated cutpat. Some of
these trees are now being tapped, but many of them will probablý require further rest. This 1,569,791.95 || has upset the board's expectations.
210,791.38
|
COMMERCIAL
24h September, 1 pm.
The following quotations for rubbar shares
by wire, are supplied by Messrs. E. S. Kadoorle
Co.
Allagar
Anglo-Javas Anglo-Maja
Balgowbles
Batu Tigas ............sayad Bastamission
2017/9
Bakit Kajangs (pp)) .... Bukit Rajahe utmondan ia k Carey Uniteda...neoga15/6 prem. - Castlefields.100/... Changkat Serdang
Cheras (part pald)...........................$9 premi," Da (lally paid)...............$20- Damansarze my............................. 137}6 Eastern Internationale „ia....to/ prem. Fad, Selangor.....................
·Glenshfals Minnetin Golcandas......
Goldas Hopesan immun
Highlands and Lowlandi puntor/6 Indragitis..............................................$15 Tuch Kannathe...sekappalettan,
·Jequies pamoj
Jonglandors primam onun Kamanings ........./-prem, Kuala Lumpors........................nt51/6 Lansdrons (fully pald) suagentuur 17, Lanadrons (ppd.) “muinonemesine ****
Ladbury...SICAL SURV Lingglavimunomainī London Asiatics............. London Ventures... Merlimansesovornimies
· Pegobs A Rubber Trusts.............................. Saggas sjökui vananeers -
Sandycrofts......Tune
Saponge
Seafields ***** Sekongs
.67/628 $49.9 10/6
.7/6
Sto
$18 17/6 prem.
...zo!: prem. *Shelfords ............................................. 70%. Singapore & Johores: „..............3141 Sumatra Paras
25 apsorumnias Lusof Surge! Choku..............nómañmu¤¤fs Suage! Kapare ..................nut3/3 Tradjongsarb¶rzy
Tangkaha mismunan27/6 Toerogle / prem Clu Rantustigiosemontenere Unf at Serdange que 97,6 United Singapore”...................................51.35 Colted Sumatra$ .........................................8 United Langkatı .80/- Tropob* ........................................33/9 Para Rabber...................7/5 per ib. WERKLY SHare reporT. Reviewing the share business for the week, Menim. E. S. K.docris & Co. writa en aged last:-The week bas again been characterized by dollness excepting for a small investment business. Impending settlements' bith 'hero and in Shanghai have no doubt a dipressing effect on the market...
་
Rubber, Qzolations from London have- steadily declined during the week, and with the exception of a few forced 18°e", business han bass practically at'a standstill.
London opinion as wired would appaer to | Iiclias towards tower prices and' Bingapore "Markerneamu co ba to the same "duti"condition"
as our owni
Barks-Hongkong and Shanghal" Banke have again weakened and are obtainable at $910. The prica in London is £87 10/», Ng tiosal Bantu bavo advanced to $28.
Marine Insurances-Cantons remain firm It appears from thes; two quotations that at Sigó. The repart jast issued shows a sum 1050 bareholders have a real gelevance, and they of 5504,461,63 at credit of 1919 account, which will really wast to know more about she is to.by dea't wish' as follows 1-7,0 pay a 'divi. 51,873,6,0.33 balance of 120,000 trees that were not being dand of Sij which wird absorb $150,000, to add tapped last year for want of labour. Tha balto ressive fund $10,000, and to reissurarce unca seems to have disappeared between No fund $2,000, leaving a balance of $304,461.03 vimber and July. The incident is unsatisfacer to be carried forward to credit of underwriting tury, and riskes confidence in the management suspense account. Valoon hava bien placed
at the improved rate of $515. North China contibus in demand at Tis, 115 and Yangieres bave changed hands at $2 15.
MAICII IMPOSIRY 10 YAUMA? 7.
of rubber plantations.
It is rather lnteresting to pole that according to a consular report emanating from the Kerih the match Indestry "is China is developing
Another point not less important than the wonderfully, and it is only a question of time, gestion of directors' statements atitas out of according to competest authorities, when the this necessity for renting trees. Will other Fire Josuracces-Bonghong Fites ara la sale of Japanese matches in China will be enactates have to est their trees also, and, if so, sequest aí 5355). China Fijos hara-coled very tirely stopped.The manufacture-bas ret will, the general calculations of output be quiet and no sales have bien reported during reached the stage of advancement of that of spiel? No one can answer these qes ton, the week. At Snó a few shares are obtainable. Japan, but the ocisting factories supply to the for the industry is is too early stage to
Shipping-Hoogkung, Danton and Macao admit of, dogmatic prophecy; but people are districts cound about it as also do not hava la
undoubtedly concerned about bithato a Steamboats remain steady at 3 ja Soma de pay import daly Hantow, Peking, Tieniin foreseen difficulties, and the following command bis set in for China Manifàs and shares Mokder, and, Tartasía (f Shuhai have music to which wa hays rechived from can now be placed at Sio. - Douglas Steam- reach one large much factory. The one Malaya is very much to the poles. After de-
fn Hankow Bent started work with a cap-scriblog the estimates of future, prcfits, our ships have, farther weskened and can ba bað
Today's Advertisements.
To-day's Advertisement.
NOTICE TO CONSIGNEES,
∙FROM ANTWERP, LONDON, MALTA, PORT SAID, SUEZ AND STRAITS.
THE P. & O. N. Co's Steamer
"PALAWẪN,” S
PARTICULARS AND CONDITIONS of ha tha letting by Public Auction Sale, to be held on MONDAY, the 3rd day of October,PORNO 1910, at 3PA at the Offices of the Public Works Department, by Order of His Excellency the Officer Administering, the Government, of Oas Lot of CROWN LAND opposite Sbaokiwan Marine Lot, 5, in the Colony of Hongkong, for a term of 75 years, with the option of renewal at a Crown Rant to be fixed by the Eurveyor of His Majesty the King, for oen farther form of 75 years, Spa
PARTICULARS OF THE LOT.
Locality.
Boundary
Maxencemesis,
Cest
Counts in
Ups Pric
Hongkong, 24th September, 1910. (615
PARTICULARS AND CONDITIONS of the letting by Public Auction Sale, to be held on MONDAY, the 3rd day' of October, 1910, at 3 FM at the Offices of the Public Works Department, by Order of Bis Excel iency the Officer Administering the Govern ment of One Lot of CROWN LAND at Kau U Fong, in the Colony of Hongkong, for a
term of 15'yoKrs;
No. of Sue...
Registry B
PARTICULARS OF THE LOT.
Boundary Macra
*
(As per sala plas.)
4.378
3:002
Hongkong, 24th September, rg o
Miscallaseour.—China Borneosara' again as ed for at $7, and Chin1 Providen's at $8. E'ectrics might find buyers at $11. Green Islands hava bzen sold at $470 and $1.75 with buyers at the former rate. Dairy, Forms aro rather wank with sellors at Sig. Is Fromanted that she dividend will be the same no lạnɩ year. Peak Trams (fully paid) are offering at $13 and the partly paid at Sis. Hongkong Ropes are obtiioable at Sat, – Thirs, are buyers of Wat- sons at 558 mud of Powells at $ 4."
Exchange The Bina drawing "rain" on London is 1/9 1-f16, on demand and the T.T. rate on Shinghal is Tis, 7437
News from Tourin report an outbreak of con. victs on August 28. Os returning from work, they rose in revolt and killed a soldier and four prisoners who refused to jaia them. After set- ting fire in the barracks and carrying off a num bar of rifles they find. Only one of them was captured,
at
Events Coming.
Saturday, #4th September. V.B.C. Aquic Sports, 4. p.m..
Monday, 26th September.
Sale of pier right opposi'e Ice House Road, P.W.D., 3 p.m.
Hongkong Cricket League Arnual Meeting, 1 HK.CO
Tusiday, 27th Seplombir. „Sanitary Board mailing, 345 pm.
Haibour ráca 5.30 p.m..
Kowloon Cricket Club Anasal Meating at Club House 5.45 p.m. ta
Wodnesday, alch September. Hoogkang Football Club mongst meeting, g gap.m."
Thursday, 30th September. Baffe Aquatic Sports, at V.R.O. Bath,
Saturday, 1st October. Iralian Conrent Sale of Work, to REG.: Hongkong Jockey Club, bälf-yearly meeting, Opezing of Kowloon-Canton Railway, British Section, 1.45 pm.
Civil Service Sports, Happy-Vallay,"
1
Consignass of Cargo by the above-named vassol are hereby informed that their Goods are being landed and placed at their risk in the Hongkong and Kowloon Wharf and Godown Company's Godown at Kowloon, where each Consignment will be sorted out Mark by Mark and dollvary can be obtained as soon as the Goode are landed, he must pass a Optional Goods will be landed here unless instructions are given to the contrary before
6 hours.
Goods not cleared by, the 29th instant; d r, will be subject to rent.
No Fire Insurance will be affected by ma la
shy case whatever.
Damaged Packages must be left in the Godewar for examination by the Consignesh and the Company's representative-at-an-ap- pointed" hour.";: Ali ciaśma must be presented within ten days of the steamer's arrival here, after, which 'data they cannot be recogniséd No claims will be admitted after the Goodr have left the Godowns,and AT
EA HEWETTÄ.
Superintendent.
Hongkong, 3rd September, 1910.
HINA
THE PROVIDENT LOAN MORTGAGE 00, LD.
1
Intimations.
our delicious CORNED PORK,
CORNED BEEF
and
PRESSED BEEF
THE
DAIRY FARM CO.,
LIMITED.
ASAH
ASAHI
ASAHI
"and
AND
SAPPORO
| (UAFITAL PAID UP A $1,550,000).......
Loans on Mortgage of House Prepanty, &c Goods recafred on Storage. Alrancas made on Merchandiss. Loans made on the Provident System.
(Rates and Particulars on application)
THE OFFICE OF
TRUSTER, EXECUTOR OF WILLS
ATTORNBY, Ac.. Undertaken and Mascated,
SHEWAN, TOMES & Co. General Managets.
Hwakeny, rqih March, recs.
THEATRE
ONE
SAPPORO
SAPPORO
BEER
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GOLD MEDA
ANGLO-JAPANESE
EXHIBITION.
PRICES!
4 Doï. Quarta asranguky,
8 Dor, Pints® A
ROYAL
WEEK ONLY.
The Incomparable
NICOLA
And the same Original Company that Mystified
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6 Months
Chileage 3 Months
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Berlin
And all the Principal Cities of the World
TONS
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Magical Apparatus
Special Scenic and
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100
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POSITIVELY THE GREATEST SENSATION
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EXTRA ADDED SPECIAL FEATURES (NICOLA'S Challenge Hand Cuff SENSATION Nothing on earth has yet been found that can hold Nicola a prisoner dig
WHIPPLE & ADAMS GEORGE NADOLNY“ "America's Greatest Eccentric Juggler Refined Singing and Dancing Artists:
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The Fearless Psychic Marvel
The King of Langh Provokers
SOLID HOURS OF LAUGHABLE MYSTIFYING AND
EDUCATING ENTERTAINMENT
Commencing Wednesday, October 6, 1910,
SPECIAL MATINEE SATURDAY, OCTOBER 8, FOR LADIES AND CHILDREN.
Brugbear. 31st September, 1010.
1674
THE PERFECT WHISKY.
tet of 50,003 taels. But owing to the sapusi car.espondent step-kleurred a visst sich als price de Fone is also lower, the prefix at Hongkong Club Austre, 12 clock Acknowledged
calculations that experience gained in tapping The price at Home is also lower, the Prafer, Incresie of demandcoupled with the law forbid the limited areas now in hearing may be falsifi esce shires being quoted at £315, and the ding the establishment of another factory wi bleed when it com110 dealing with much larger Ordinary Lias/ ---Star Famiai" arn=oben!n- *the* ilipulated" district, loe's with the amounts. The labour, for instance, may DOI
older factory, it was gellinghalupand larger be forthcoming to tap all the treer that have able at Bajk, while the new sharan bayə, barn: bten planted. Much of the land planted, bat placed at Sto Shells have farther receded "ardajupaired, wish the scanli tratat present it eat yet in bearing, may prove for inferior in and shares are offering at $7/-
hai become a great comploy occupylog hans fertility, or the existing cultivation way koffer dreds of thousands of square feet of grennd" immense damage from one or other of several The Conialia question quite lesvės out of ac pests to which it is liable, const the fact that we have hire in this Colory, In the Yaumali district, toma of the most im« portant patch factories that thero sin in the Far East. It may be that they are not large sanitary methods is daily increasing the eff in the minio that the northern facturlar are blancy of the labour forco already e: gaged large, but ther is such a congeries of small But, spart from this should the demand for factories that they not only apply the de- labour raine wagas, a considerable rise can be faced by the plaster with equanimity. The
TOMAATALANTUR, AND WAGES,
It is to be remembered, in the first instance, with regard to the labour que fion, ther the mineuse progress in tropical medicine and
Į
Refineries—China Sugars hava experianced. à 'considerable set bick, an docht den to that sauliment, and sourse can now be got #?$150, Luzons are out of favour, and thein sie zullerý at $14,0
||Mining ---Little or business has been done' in this section, and prices remain unchanged.
Docks, Wharges, and Godowns-Hongkong and Whampoa Docks continuo, weak, with shares offering at 850, Shanghai Docks
meds of local consumption but, cau send action is not likely sericusly to effect iddia or nonifered at Tis. 75. Hoogkeng and Kowloon Laylon for vary many years, Piunters in the Whares hare bees booked, at $55 and $set Matây Penissula and Richiphlago,while they have by no means yet exhausted their pretent Shurghal and Hongkow Whatvas kave sellers sources of supply, can always by raising wages at Thi, 112,
their podicis abroad. We bave so ill. riit against Japan and the expansion of bar trade i still if we can prodecs matches in Yu
ibit are equally as good, or better, than supplied by the Nonthera ponts, these mby wa should not keep the trade
and give work to our comtrous
|
fall back upon the immesse resources of Chfug.
Lands, Hotels and Buildi-gs- The Peninsula mirnady possesses a large Chin Linde tale firm with buye esa population, engaged in exploiting its lin
mines, while there has for generations: bias. paraye am
in automatic immigration from Obium 104nil possibly
Halay ¿conatrlar, ghich proves, axiramily, are ond
Java is the plastic whom timus are good. The wages of
Chiasso agricultural coolls, as compared withi
bat aying to his kizbor afficiency líka.
the experience of those who blys.
that the actual cost of bis
state, this would inv
not more than do Des
Monday, 3rd October. “L Italjan Convent Sale of Work, 10a.m. Bale of Crowa land at Kau U Foog, P.W.D.,
Sue of Crowa land at Shaukiwao, P.W‚D.,
Era of Jawish New Year.
Torsday, 4th October, Italian Convent Sale of Work in a.m.
Wadwesday 5th October, "Thoaton Royal, #Nicola," 9 pm;;;
fil October. Dairy Farm Co's sangsi menting, '¥8,3d pi
Octob
Offics, annual
by all to be the
-
best
Scotch Whisky
on the Market,
Perfection
See that the name
For Mildness
Mellowness and
Maturity
It cannot be
equalled
& J. McCallum
on every bottle. Otherwiser it is not
Perfection
H PRICE
COMPANY