A
1. Ju
From actual stoppage at end of July 1912 to the end
of December 1912 an average profit of at least 50 cts.
per barrel would have been obtainable on a monthly turn-
over of 70,000 casks, for 5 months, = 350,000 casks @
50 cts. =
From 1st January 1913, the selling price of cement!
having advanced, an average profit of $1.00 per cask
could have been realised on the remainder of the above
687,378 casks less sales of 350,000 @ 50 cts. profit
to end of December = 337,378 casks @ $1.00 =
At a rate of output of 70,000 casks per
month this quantity of 337,378 casks would
bring the Company's claim to say 24th May, 1913.
If full supplies of limestone are not
obtainable after that date, a supplementary
claim must be forthcoming until they are
487
175,000.
337,378.
obtainable.
West River Contractor's account for demurrage on
junks stopped by order of Kwang Tung Government =
}
Consequential damage owing to loss of markets and
encouragement of rival cements in this Company's
territories owing to this Company's inability to supply.).
Total Claim.
Should the Kwangtung Government continue indefinite}
-ly to deny the Company's right to secure stone from the
Province, the total claim based on a consumption of
175,000 tons per annum, the present cost of Tonkin stone being $1.50 per ton over the average price in the Co's
outstanding contracts for Kwangtung stone, would be $262,500 per annum which if capitalized @ 6% per annum)
would amount to
HONGKONG, March 27th, 1913.
7,459.
100.000.
619,837
10$4,375,000.