1910-03-05 — Page 5

Page

PREMIUM BONDS

WE are the largest Dealers in the world in those attractive securities.

WHAT ARE THESE BONDS?

They are high-clues and absolutely safe securities, payable to bearer, lasand by the various Governments and Municipalities of Europe; they are redeemable at periodical drawings, either with Cash Promiums varying from £40 to £40,000, or, at the very least, at their full nominal value. EASY PAYMENTS.

We sell these Roads singly or in combinations of the most advantageous ones, payable by convenient Monthly Instalments ranging from 158. to £20. Write for Handbook, sent post free. MELVILLE, GLYN & Co., Bankers, 3, Rus de la Bourne, PARIS (France). [230

The Latest Fashion,

The Smartest_Style,

The Most Moderate Frices,

are all saurod when desing with so responsible

́à London "Tailor is

•PRICES i follows:

Frock Cost and Vea from 93/ Deem Sail (Silk-led) * B4/4.

Lounge Suit-

Norfolk and Kakken 13-

JOHN J. M. BULT,

The

140, Fenchurch Street, LONDON, England.

same attention is paid to orders by post,

as those given personally l London, sad by this meads Mr. Balt's boslaosa from abroad incrusses ansdelly——

A læge choice of Cherions, Sergos, Flauschi and Tweeds can be bad. State, when wuton, which perfumedz nellymenaeeman) feness and booklet sent free an application., Bag, Bultmakes a speedily of Riekneg

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BY APPOINTMENT TO

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BOVRIL

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63-1

By Royal Warrant to H.M. the King,

LEA & PERRINS SAUCE

is the original and genuine "Worcestershire," and is the ideal sauce for use with all kinds of meat dishes, fish, soup,

game, cheese or salads..

WORCESTER

the beautiful and historic city in the West of England where this sauce has always been made, and whence it continues to be exported in ever-increasing quantities to all parts of the world.

THE HONGKON DAILY PRESS SATURDAY, MARCH 5TA 1910.

RUBBER SPECULATION.

EFFECTS OF THE BOOM EXAMINED IN DETAIL.

FROSPECTS OF DIVIDEND ON CHALEN BOUGHT AT BEOUNT. PRICES.

We reproduce the following from the Straits Times of 2let ins E- In the folowing tables and notes the object is to place before those who are interested in rabber properties some fairly representative groups of shares under what we call old and new formations, the latter being companies formed during the rabber boom period. There is no pre- tence of making the lista complete, but they are typical and the averages derived from them will spply, with a fair degree of accuracy, to the whole of the rubber companies in Malaya.

When examining the prospects of a particular company closely readers will have to take note In the case of the new formationsa précis of the information given in the prospectusss will be of the average age of rabber giran lower down the celatan, sail of the amount of uncalled capital,

found in the "Notes on New Formations

SCIENTIFIC MISCELLANY.

ELECTRICITY FOR 180LATED HOMES.

N

hole and one of the tinted onod at the sAIDO time, the latter facing the clear sky beyond the Another step toward the production of elec patch of the column of smoke. The diaphragm

smoke, while the clear glass shows a circular tric plante for the farm seems to have been fe retop id natil the two holes are equally schieved at Brokenbill, England. A wind illuminated. The numbered scale on the in- burbine 24 feet in diameter is mounted on & strament gives the number corresponding to steal tower 75 feet high, about 435 yards from light grey" dark grey "black," or other the house and 80 feet above its level, and drives shade of the Ringelmant chart, and furnishes a specially designed generator, with armature the inspector on with exact record of the running in a vertical position, adapted to a pod chimney performance variation of 400 to 1602 revolatiens por minute. The enrrent is conducted by overhead

copper wires from the generatur at the foot of outbuilding of the house. The battery la divid the tower to a storage battery of 28 cella in an

ed into two equal groups of cells, and is design ed to food about 100 Ogram metallic filament

WAVE FOWER COUNTED OUT.

Why the dream of utilizing the energy ef waves manot be realized his been explained by

power of waves he finds to be really quite small, Signor Bacardo Salvaderi. The mean horse- and even it the energy were, less varible, the Some of the prices to which shares have risou spear to be extravagant, and so they are,

expense of accumulating it--in reservoirs of possibly, if viewed as long investments. But in examining the figuren we have been not a little impressed by what we may call the reasoned expansions of values. This may be illustrated by amps in the lighting circuit, bosidos driving compressed air, for instance-could not be con- taking the arst, the last, and the middle company in the old formations list. In much case 50-volt motor for working a chaff-cutter sidered, Waves a yard high furnish ons horse- the market has raised the price to over £500 per planted bore, viz., Angle Malay £535, Valambrose circular saw, and root polping machine, panies in Jabuary, and have every reason to suppose that it will increase month by month during the house, connected to the battery by an a wave is neually the greatest that can be depended 2512. Kanto Lampar £523. Now, we know the actual output of rubber by each of these com- The motor is in a shed 60 yards from par yard of coast, waves two yards high yielding even horse power. The yard-high the present year. Anglo-Malay actual output in Jammary was 49,306 lbs., und wa taka it at a monthly average of 55,000 lbs. for the whole year, Kuala Lumpur actual output in January was derground cable. The plant is entirely autoras- 45,139 fts, and we taks it at an average of 50,000 be; Valambrosa actual ontpat in January was tie, and a special tail gear changes the position of plant to utilize its energy would be some on for half of the days of the year, and the cost 36,000 lbs, and we take it at an average of 40,000 lbs. We assume that the net profit will be per of the wheel when its stopping is desired, and Ib. on the year output of each of these companie, and on this basis we work out the results also when the wind reaches a certain prodotors

thing like 91,000 per horse-power. mined velocity With ball bearings and gears enclosed in an oil bath, the plant could te neglected for a year without dainage from lack of lubrication. The apparatus has been in success. fal operation a few weeks, and has done wood. sawing and other work in addition to lighting the house.

follows:-

Total Output 1910 in the

Total proft at 4/- per 1.

Dividend on Actual Capital.

Anglo-Malay Kuala Lumpar Valambrosa

660,000 600,000 480,000 p

£32,000-

88 per cent,

663

192.

120,000

$96,000

Tield on Shares:

nt Market Price. 72 per veut,

The enormous percentage Valambross should be able to pay is explained by the very large pro- portion of its planted area actually at the productive stage. The average age of its rubber is 6.57 against the 4,37 of Anglo-Malay, and the 3.47 of Kuala Lumpur. On the other hand, of course, it has a smaller romeve, as mo see by the following se

Total acres planted

Acres producing

Acres in reserve

Anglo-Malay.

3,364

1,699

1,699

Kuala Lumpar.

2,493

1,106

$1,387

Valambrosa, 1,729 1,054

675

No doubt some of the companies are increased their pisuts are stuce the statistics we are used were made up, but very young rubber doas not greatly change the valuation of an estate, Compare the market price of such a new formation "as Merlimau with that of any of the cil companies which are producing rubber.

The tables and notes wo hope, will provo useful to investors even if they merely serre to

show the varied factors that should enter into an estimato of valuation.

1

2

· Aaron

Company.

Auglo-Malay Batu Carey Bartam

3364

1231

2405

293

Bakit Rajah

2340

1505

1899

Gicaly

829

Con Malay

1610

Damansara

F. Selangor

H'lda & 'lis

1. Kennoth

K. Lumpur Janadron Ledbury Linggi Pataling Perak Selangor S. Kapar Banger Way Valambros

B. Malaka

4

5

6

Acres Dale Total Capital Whon Under

Over $ Earliest Capital per sere Company. Rubber, year old Planting. Issued, planted. `Format.

1665 1899 £150,000 $44.12.0 1903 4121902 20,167 16, 8.0 7904. 1900 175,000 72.15,0 1936:

230,00 1933 1976.01901) 38.10.0 1905 57:13:0 1906 34. 3.6 1905

·70,0 0 353 1899 16,000 6621899. 62,000

1769 1117 1900 102,000 1024 5121902: 35,000 453:1943 1899 305,000 1067 487

1901 30,000 ...24931106 1902 180,000

4572 1158 -1899 250,000. 1421 403 1699 75,000 4:92 1650 1899,96,324 1529 889 1899 22,500 -71950434: 1899 1695 1218 *899 1938 938 1902 100,000 10741 566 1729 1054

67. 6.6

906 28 2.3 1904 72:4.0 196 54.13.6 1977 62.15.6) 1903 23.9.1 1895 14.13.8 1903 85,000 118 4.3 1908 30,000 19. 8.8 1898 55.00-1906

Effect of Sharò Boom.

FRco Price Equil to Va'no of of share

Shao. Feb. 12 '16 Planted.

2/- £ 1, 4.0 £5354, 0 8. 2.6 131. 40 3.11.0 254.12. 0 11.10.0 345: 0.0 11.18.0 361:140

10: 0.0·385, 00 -6.~0.0 -- 345,18.0

IBONAT ELECTROLYRIN,

When the making of electrolyte iron is fully developed, it is expected that Iron objects can be made direct from the ore in its bed, without any necessity of mining. Iron tubes or plates cau be made by placing iron ore or cast iron in an acid bath, and connecting it with the positive pole of a dynamo, the negative electrode being a loid covered wooden core for u tube or similar flat surface for a plate. When the iron deposit is thick enough, it is taken out, the tube belog heated to remove the core. The electro- lytis iron is very pure and can be made from poor ore or Iron waste.

THE SUMMER VACATION FLYING MACHINE.

The monoplane, it is pointed out, is better adapted than the biplane for making in amall sections, to pack in the aviator's tank when he

goes to his summer homo,

A PLAYGROUND UNIVERSE, The instructivo model of the Bolar Bystem designed by Agnes Fay, a British teacher, is on

9.5.0 350. 5.10 5, 5,0353.9, 1. 8.17.0 243. 174 scale of one million miles to the foot, and she 7,5.0 523. 9.0 suggests that the apper classes in any school 6.10.0 300.143 may make it to advantage, While she used a 3.6.0 171.10.4 hollow wooden ball for the Sin, a calico ball *1:19.0 452 7 1 2. 1.0 301 0 2 5, 0.0 591 1 3 2. 5.0 432, 9. 0 5.15.0 316.50 24.17.0 228, 1.2 2 1.15.0 512. 1.10 2/ paid.

1997 £50,000 £78.17.3 Nov. 09- 21 3/- 1987

40,00 829.6 Dec. 69 £1 -729.100 .1899

87,800 120,0.0 Jan 19 £1.34 1150 605 none.

90,000 181,164 Jan, 10 £1

634 none

485 none

1903 50,000 1999 50,600

47 4.21904 29.5.3 1904

NEW FORMATIONS,

Bajong Changkat

Cheriot

1906

Chota

Elphinstone 245 26

400 77

1900

50,000 125, 0.0 - Dṣe. '09

2.

Faguo

35,000 142.17.0 Sep 09

24

Gedong

300.

none

1906

60,000–200. 8,0 Jan, '10 £1

Genealy

330 9 42

1899

$35,000 106 0.0 Nov. 69

2/4

Henrietta

600 none

200 neno

6503

1900

nonos -70-

70,000 116.13.4 Dec. 0934 1908 -60,000 300,0,0-Jan, '10: 21- 1906 60,000 126.17.0 Nev. '09 £1 1907 210,000

7/0

4/1 1.5.8

1903 58,333

S. Bahru

1056

125

1905 75,000

U Singapore 1779. 40

1903 116,666

AVERAGE CAPITALISATIONS.

Kuala Pahi Londu

Merlimau Pegon

473 none

118. 5.10

180.00

428.11. 0

185. 1. 2 128. 6.8

37.13.6 Sep 09 2/- 4/9 89-9, 6 30.14.0 Jly. 09 1.3.4 4 1.8 107, 9.0 71 0.0 Dec. '09 £1·· 65.11.7 Sep. 09 24 3/6

98. 7. 4

The average actual capitalisations per plantad acre at the capitalistions based upon market price per planted sore we as follows, the companies for which we have no quotations being taken at par

Actual Capital Market Price

Per planted acre. Par planted aore,

Companies formed before 1906 Companies formed in 1906-7-8 Companies formed in 1909.10

£ 29.12.2

350, 0.0

63, 6.8 119.12 2

355, 5.4

151106

AVERAGE AUF OP BUBBER UNDER OLD FORMATIO 53,

Increase Per planted acre, 75320, 7:10 30 .18. B 41.18 4

staffed with hay would serve as well. On this scale, the Sun, 800,000 miles in diameter, is reduced to 10-2/5 inches; Mercury, 3,000 miles, 1/25-inch; Venus and the Earth, each 8,000 miles, to two pinheads of 1/10 inch; Mars, 3,000 miles, to 1/20 inch; Jupiter, 88,000 miles, 1-1/26 inches Saturn, 74,000 miles, 9/10 inch,, Uranus, 33, 00 miles, 2/5 inch; Neptuns, 37,000 miles, 2/5 inch. The planets are mointed on pink at the top of 4-foot poats, Méronry bsing 36 feet from the Sun; Venus 67 the Earth, 93; Mars, 142, Jupiter, 484, Saturn 887; while Uranus is 1,783 feet away, anil Neptune, 2,800 The Moon, 2,000 miles in diameter, is a sphere of 1/40 inch mounted on the post with the Earth, at a distanco of 3 inches, and the 2 satellites of Mars, & of Jupiter, 9 of Saturn, 4 of Uranus and 1 of Neptune ure mostly mere specks quite near their respectivo. planeta Jupiter having its eighth moon at the extreme distance of 15 foot On this soale * light-your, or the "distance travelled by light in one year, is 1,100 miles. Alpha Centauri would be as far away from Londo as New York; and 61 Cygai, the nearest star visible in the Northern Hemisphere, as far away as Poking via New York, The Milky Way il correctly assumed to be 4,000 light youra from ne, would be on the soilo of the model about 20 times as distant as the real Moon from

A statement of the average age of the rabber trees in 1993 on the old formations may be given the real Earth. Giving motions on a,like scale. as supplementary to the information in the table-

Anglo-Malay

Batu Caves Bertam Bukit Bajah Cicely:

Teary

4,37 Kuala Lumpur

3.28 Lauadron

261 Ledbury

4.95 Linggi

4.25 Pataling

Years

3.47 Consol Malay

3.02 Damansträ 3.57 Fedt. Selangor 3.74 Hland, & Low. 6.60 Izoh Kenueth

UNCALLED CAPITAL

Years 4.24 Perak

Years

4.73

5.18 Belangor.: 6.33. 3.92 Sangel Kapar 3.90 4.41 Sangol Way, 3.62 2.60 Talambros 6.57

Some of the companies in the "old formations" hare not called up all their capital. Only the called up is dealt with in the above table, the anthoris 1 being as follows:-Batu Caves, £30,000; Consolidated Maisy, £75,000; Damansara, £110,00 Highlands and Lowlands, £320,000; Inch Kenneth, £50,000; Lanadron, £320,000: Ledbury, £25,000 Linggi, £100,000 Pataling, £30,000; Sungi Kapar, £110,000, Valamorosa, £60,000.

Fall capital authorised is taken in calculations of the new companies, as practically every panny will be required for development purposes

NOTES ON NEW Batang Malako bas 75 acres 21 years old, 70 acros 2 years, 237 acres 11 and balance 1 year and under Bajong

bua 49 acres 3 years old, 63acres 2 years old. The remainder is under 11⁄2 years, Changkat has 6,000 tress over ten years oid and 2,000 more trees, which are expected to boar this year, the remainder of the planted ares ranging from 3 years to 6 months old. The total number of trees planted in 90,000. Cheviot bas 74 acres, which were planted in * 1906, mud 442 nores plautod în 1907, the remainder dating from middle of 1998.

Chota bus 4 acres of trees 6 to 9 years old, 73 acres 4 to 5 years old, 80 sores 3 to 34 years old, 230 acres 11 to 24 years old, and 15 acres one year old pe Elphinstone-This company is partly fin mining and partly rubber. Its total capital is £64,000, and the prospectus. did not show clearly how it was divided. We take £35,003-as a moderate estimate for the rubber section. There is, it will be remembered, a dispute about title. GedongThe prospectus said that the plante fed portion consists of 300 nores on which about 39,750 para tross wor• planted at the and of 1966. Half the planted area is elman.” Following government expert advice given aboat 2 years ago (the pros peofos, says) the estate was planted with Crotalaris, with rosult that a heavy orop of gweeds and lalang was produced.*** Glenealy hax 42 moral of ten year-old rubber,

but the trees are thinly planted-only 2,340. trees in all. There are 97 stros 19 months

FORMATIONS.

old, 115 acres 16 months old and 75 uscas 9 months old,N Honrietta had 167 acres planted in 1907, 272 Bores in 1908 and 166 aeres in 1909. Kunty Pahi-We need say little about this estate. Its rubber averages about 3 months old, and the capitalisation may be described. as preposterous to save, using a stronger

Lenin has 53 sores 3 years old, 23 deres 24,

❤

years old, 42 noras 2 years old, 72 acres 14 to 1 year old and 372 under one year, Merlimau This is one of the largest states, bat the rubbar is very young. The tree nges are giron as follows: -88,513 trees 23 years old, 137,272 troes 2 years cil, 46,727 trens 14 years old. 284.329 trees 1 year old, 300,786 tres under 1 year. Pagoh stants woll among the new companies It has 50 cores 5 to 6 years old, 20 acres 4 years old, 251 aeres 35 years old, 328 aeros 3 years oil, 243 sores 21 years old To these figures a year may be added having regard to the date of formation The remainder of the planted area is under & years.

the Earth would revolve around the Sun 167 times each second, Neptune would make its 3- mile circuit in ono accond; and the Procession of the Equinoxes would be conpleted in 2 minutes.

PUTTING OUT A SHIP FIRE WITHOUT FLOODING,

Fire fighting apparatus on shipboard is very inadequate, and about 40 vessels yearly. are barns at ses. The use of incombustible gates from the smoke-stack for smothering flames is the novel idea of Georg Harker, an Australian. His method has been adopted by an Australian sugar steamer, which has s MALL MOLDE. LEIvlug a fan to pump the gases from the funnel, with apparatas for cloansing the gases and forcing them through pipes to any part of the ship. The same plan is affective for destroying rate.

BURBERED LEATHER. The rubberized leather of a new London factory is said to be made by giving the bides a protective chrome tauning, then Alling the interstices with rabber. Rabbit, goat and sheep skins become extraordinarily tough as well as water-proof, and are expsoted to be especially valuable for motor tyres, miners boots, and many other purposes.

A SMOKE-MSABUBE In efforts to onfores legislation against smoke from factory climneys, ovitence as to the degree and daration of smokiness vary greatly.. The new smoke tintomotor of Jotu Losd, s Scottish engineer, gives nacurate measurement by the colour of the smoke. The instrument iso tube having an eyepiece at one end, while the opposite end has two aperturos, in front of one of which is a revolving diaplanga having five circular holes, four of them containing glass tinted to correspond to tho already-adopted standard smoke sole Ringlemaan. The observer looks to ward the windward side et the smoke isening from the chimney. He sees through the cloar

Sungei Baben has 125 nores over 4 years, 100 years, 174 acres 2 years, 401 acres 12 years and 255 acres 1 year, Unitel Singapore - This i3s property entirely under Chinese management The plant- ing does not appear to have been done very regularly, hal lapping but been going on of for some time, and there appear to be many very good trees.

STORAGE BATTERY TRACTION. Storage-battery cars are now running on number of Prassian railroads, where they have Proven very satisfactory. On a car of this Limberg-Camborg line, the battery has 176 colle, yielding current at 340 volts, and there are four ifty-horse-power motors, permanently coupled in parallel. The cars weigh 60 tong, including 10 tons of electrical apparatus and 15 tons of battery. Speed is regulated by different couplings of the cells, and the group ing is oporated by a small electric motor.

Rowland's Kalydor

|Makes your skin soft and smooth. You can easily have a clear, valvety, healthy complexsan you

Rowland's Kalydor

“For Your Skin."

This world-famous preparation quickly renovas frockles, rodzices, roughness, cutaneous eruptions, and other disorderk For the skin. Perhaps you know how, sapleasan; it is to suffer from those skin troubles-bal whether you da se not, you should always have a botde of Bowland's Kalyder handy and une li night and sworn- ing Got it from your shomišt, Rowland & Sons, 67, Hatton Garden, London, E.C. Sold by storos and chemists, Ashfor Rowland's Kalydor, of 67. Hatton Garden, Londor, and avoid spurious imitations,""

THE

GUINEA

PIC

PROVED

IT

That dandruff, itching scalp, and falling hair are caused by a germ or parasite is now recognized by dermatologists everywhere.

A notablo demonstration was by Drs. Lassar and Bishop, who took dandruff scales From the head of a student who was losing his hair, and, having made a pomade of them with vaseline, rabbed the same spon a gainsh-pig, and the pig became ball. (See Goo. Thomas Jackson, M.D., on diseases of skin, 4th edition.)

Newbro's Herpicide kills the germ that causes dandruff, itching scalp, and falling hair.

Keep your scalp in a sanitary condition" with Herpicide and extraordinary results will follow. Stops itching of the scalp instantly. Try it.

AT DRUG STORES-Sand 10 Cento in Stomys to The HERPICIDE Co., Dept., N Detroit, Mich., for a Sample,

BE SURE YOU GET HERPICIDE.

A. S. WATSON & CO

SPECIAL AGENTS.

· [282/1