CO129-400 - Governor Sir May - 1913 [3-4] — Page 494

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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.