1923-04-05 — Page 4

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."

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SHANGHAI.

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The Agency for this Old Established, and Well Known Firm has been transferred from CARTERS, to JAMES H. BACKHOUSE, LTD., No. 1A, CHATER ROAD,

FL

DAILY

BRITISH MALAYA

PRESS THURSDA1, APRIL 51, 1918

THE RESTRICTION OF RUBBER

OUTPUT.

AMERICAN FIRM'S LIQUID-

ATION IN SHANGHAI. CREDITORS' OBJECTIONS TO RECEIVER'S REPORT.

COMPANY Y_MEETING

NO DIVIDEND FOR LANGKAT SHAREHOLDERS.

The annual meeting of shareholders of the Naam leoze Vennootschap Maatschappij tot Miju, Boschen Landbouw-exploitatie in Langkat was held last week at the offices of the General Agents (Messrs, George McBain), Shanghai,

B.

and was supported by Me. W.

Mr. John Prentice occupire the chait MaBain (Directors), and Mr. J. Elmore (Secretary).

LAWN BOWLS.

ANNUAL MEETING OF HONGKONG ASSOCIATION,

The annual meeting of the. Hongkong Lawn Bowls Association was held at Post A Office Buildings on Tuesday afternoons. There were representatives from all lasti year's clubs, and from the gwo new clubs→

Kowloom Dock, and the Royal Hongkong » Yacht Club,

report on the progress of the liquidation,nly

tion is quite satisfactory. If we are able stated that they had a balance in hand

but this had not been done. He said that the receiver seemed to be a receiver in nane only.

At the date of writing British Malaya | " is more hopeful than it has been for two

At the US. Court for China at reare past, writes the Singapors corres Shanghai, last week, Mr. W. Chalaire, pondent of The Timura The price of tin is improving, and the price of rubber on behalf of the creditors, ledged some his sprung up from 25 cents to 40 cents objections to the receiver's report in the per lb., as the result of restriction of master of the liquidation of the Stewart.

The President (Mr. J. Reid) presided output. There are cures of men in the Crane Company. Other attorneys, in ountry who were insolvent a month ago eluding Messrs. H. D. Rodger. R. S.

at the meeting, and he was supported by and are solvent tow, because the stocks Haskell and C. S. Franklin, «also repre-

The CHAIRMAN said:-1 regret that Mr. W. Russell (the Chainman) and Mr.

for the accounts or securities they hold "havi increased so senting creditors, supported Mr. Obalaire.

the year undere. J. Tacchi (the Hon. Secretary and Mr. Chainiro said that it was arranged review show a somewhat disappoint- much in value.

will

prab-Treasurer), There are many interests in Malaya, that the receiver would present a monthly ing result, but, ns, you

have noticed, the cash posi- Referring to the accounts, the Charuma but rubber and tin dominate them all. If these great industries and prsporing,

to dispose of the balance of our oil-fields nothing else matters very much. For two

material, etc., at a reasonable price, wf $379.05, and the Association was in can draw further on our reserve against a perfectly sound colition. The chief years they have been depressed to a quite

item on the expenditure side of the uo abnormal extent, and the multitude of The objections filed stated, in effect, sundry assets, and I think we might con-

gratulate ourselves on having passed counts was 8031 for sending the inter-pork, intorasta which has grown up around them that the contract between the receiver successfully through a very trying time. has suffered in sympathy. One small fact and the American Trading Company At any rate compared with the same date tratu to Shanghai.

Mr. J. Russia (Taikoo), proposed tho wild serve to reveal the position. The whereby American Trading Company last year, our position is very much im

proved.

adoption of the counts. The motion almost universal motry in Malaya is ear should have the use of Stewart, Crane &

We cannot expect to make a very large

GERRARD seconded by Mr. W. WILS concy uutes, based on the dollar of ad. Co.'s plant and equipment and ture over profit on oil, but now that our expendi. (or sixty to £7), with a gold standard bucking. Our notes run from $1,000 to tlio reciver surplus of profits reture is redne to a minimga we shoul(Police), and carried unanimously.

The CHAIRMAN proposed that the Hon. 10 cents. In March, 1920, the face value crived" when full payment of contract derive a small yearly income from it.

The administrator of the Bataafsche Mr. A. G. Stephen appointed Pre- of currency tex-in circulation amounted

Mr. D. to $183,000,000. In March, 1921, it wa../prices had been unade," put the American Petroleum Maatschappij reports that they sideat for the coming year. down to 802,177,836 in March, 1922, Trading Co., in the position of a pre-are ahtaining from Baarit at present $50,872.183, and by the retarderred creditor to the damage and detri-axat 23 tons daily, but they are clean- HARVEY seconded, and the motion was

ing some of the wells and this should carried unanimously. ment of other unsecured creditors. Also have the effect of increasing the produc Mr. HARVEY submitted the name of Mr. that the unsecured creditors' were satitled tion shortly. They are not doing much D. Gow as Vice-Chairman remarking This great decrease of the money in

to receive a pro ratu share of any claim work on our other concessions as the pre- that Mr. Gow was one of the videst the hands of the public has affected

sent systrin of taxation on oil in Sumatra bowlers in the Colony, and an original. In order to that Stewart, Crane, Inc., may have had is such that they have been obliged to member of the first bowling club, to be every kind of busines plain it one must look carefully into the for work already completed in the build reduce their own staff to a considerable started in the Colony.

the trado records of the telony and

extenf-however, a strong protest has Federated and Unfederated Mainy States ings on April 12th. The buildings men been made to the Government and some which form the Malay Peninsula. Some tioned were the McTylere building, the change may be made before long. difficulty in doing this arises from the

last

(September, 1922) it was $72,009,319. |

MONETARY DECREASE.

a

>

Mr. J. McMvnTRIE G:conded and the motion was carried unaimously.

Mr. D. Harvey was elected Chairman, and Mr. C. J. Tacchi hon. secretary and treasurer.

The CHAIRMAN said he took it that all the old clubs would criter for the leag:10- again this year.

Mr. J. RUSSELL suggested that the As- scoiation should run a first and a second league. If this were not done they would and the greatest difficulty in completing their fixtures to time.

I do not propose to trouble you with fact that, antil quite recently, Alalayan Autóy Customs building and the North

a lot of details with regard to our rubber statistics have been chrustic. It is now China Daily News building.

however, that, though

The motion further stated that the estates, but I think that everything is in recognised,

good order and that our manager is to sections stiffer widely in a political senso, American Trading Company, as gudran- be congratulated on making a profit the whole Peninsula should be treated as tory of Stewart, Crane, ine, were re during the year ended on October 31st one quit comalercially, and the returns quired to complete the buildings and were last as that was on of the worst periods survey of the "Trade of British Malagutitled only to share proportionately experienced in the rubber industre The now being published ars

with the unsecured creditors for any production per acre is good, and if he month by month.

claims they may have against Stewart, can keep down to his estimated costs of From these returns the following brief Crane, Inc., except for such advances nesid. per l, we should be very satified, extracts may be made:-

may be made by the American Trading

Our timber department was not very Mr. McMUETRIE pointed out that there Importe Exports. Co., after April 12th, 1922, to complete successful during the year, but still made were very few teams in the Colony able, 1920

$890,512,800 $420,939,096 the buildings and then only up to the small profit of Gids. 14,708.39. We to run two teams at the same time. 19214 18,474,192 417,604,778 original contract prices and that a reason have been approached with regard to the The CHAIRMAN remarked that last year 1929 (9 months) 334,439,956 251,848,653 able amount be charged for the use of sale of our sawwill and part of our was a most successful one, and everything The fall in imports in 1821 compared the Stewart, Crane plant and equipment. timber and planting rights. If the pros worked out all right. This year they only with 1020 was $408,038,707, and the fail The creditors prayed for an order that pective buyers will pay a fair price your had two new clubs to enter. in exports $403,334,318. it three-

After some discussion it was agreed to fourths of the trade of 1990 is calculated, the contracts and arrangements made be Directors will probably dreide to sell,

ports would amount to 2667,877,175, tween the receiver and the American with your approval of coursM.write to the Royal Hongkong Yacht Club, Comparing Trading Co., be dealared null, void and Elmore is leaving shortly for Sumatra to whose representative had left the meet- nac expurts 2015,704,322

attend to these negotiations and othering before the close, asking them to defer these figures with the three-quarters of ultra.circa.

the

Mr. F. J. Schuhl mentioned that the matters connected with the Company's their entry into the league till nex 1929 ending September, we find

The reason for this was that decrease in value of imports this year to American. Trading Co. had already lost affairs.

Work on our concessions al Martapoera under the conditions of the League it is be $333,437,219, , and of exports 800,000 in the arrangements.

has been abandoned as the results did not

necessary to have three rinks, and the $263,855,669.

justify further expenditure,

Yacht Club was understood to have only, twp.

STAL

Morchan business is a very important: thing in the Colony of the Straits Settle. meats, and merchant business, fortunately has not suffered to anything like the same.

the productivo industries.

extent

RESULTS OF RESTRICTION.

TIBETAN PRINCESS DIES IN JAPAN.

JAPANESE ADVENTURER'S

ROMANCE.

A TWENTY PER CENT. TAX ON CIGARETTES.

WHAT

*

OFFICIALS

CHEKIANG PROPOSE DOING. Bruter's Agency understands that the Provincial authorities in Chekiang have aancunced their intention of levying a tax of $0 per cent. on cigarettes.

It was decided that the ixture dist remain the same as last year, excepting that the Kowloon Dock would take tha vacant date each week. It was decided to conumenca the League programme on May 12th.

討

These are carried on mainly in the Federated and Unfederated Malay States, which may be described as the hinterland of the Colony. The year 1021 WILS

Mrs. Nobular Yajima, the only daughter

Mr. R. Lapsley was elected auditor of disastrous. Compared with 1920 there

The Hon. Secretary read correspond was a bas of 8211,380,153 on rubber," of of the Dalai Lama, King of Tibet, died

the accounts for the ensuing year. ence which had taken place with the 869,318,741 on tin, and of $18,337,743 on recently at her home in Honcho, Machashi, copra, a total of 2239,010,660 au the three Gumma prefecture, after having lived in big products. The year 1929 bas not this country four years, reports the Japu This tax will be in addition to the Shanghai Lawn Bowls Association relat fare quite so badly. Comparing thred Advertiser. Her body has been cremated per cent. Inland Tax paid by cigarettes ing to the provision of an Interport quarters of 1920 with a similar part of and the ushes probably will be sent to to cover transport and all other charges, Challenge Cup. A letter from the Shang- 1922, the decrosses are:-Rubber, her native home. She is survived by her The various Cigarette Companies hare hai Association mentioned that Mr. $139,345,304; tir, $30,842,883;

Copra, husband, Mr. Yasujiro Yajima, and a son been working for one and a half years Prentice had offered to provide a trophy. 812,040,574- total of 8175,220,001.

7 years old,

under a special arrangement introduced The great drawback, of course, was that It was suggested that The incidents leading up to the mar by the Central Government for the re Hengkong an! Hankow bowlers only met It should be explained that tin reached ringe of Mr. Yajima and the daughter gularization of the taxation of cigarettes every second year abnormal prices in 1920, and that the fall of the Tibetan gal house combing to in the interior. The success of that ar- the Cap bo plaged for every second year in 1921 and 1929 may be considered a make a tale of adventure and romance. rangement appeared to afford some evi- at Shanghai in a triangular tournament, return to normal. But rubber was one In 1009 Mr. Yajina organized a society dence that China was capable of doing or, alternatively that two Cups be of the very fox commodities that did not called Rikkokei with a view to fostering something towards.regularizing her in- bought, and to be played for between the ternal taxation in return for the surtaxes Shanghai and Hongkong and the other rise in sympathy with the fall the the spirit of adventure among

The Hongkong reply pointed to the purchasing value of money. Un the eve younger men of the nation. He started and the increase of her tariff centem between Shanghai and Hankow.

plated by the Treaty signed at Washing of u slump which redaood prices by fully for Tibet at the head of a band of 30 on last year. The action of the Cheking possibility of all three tenine obtaining two thirds the industry was facing high young men, but the party became scatter

It was felt that the scheme be costs of productica and was selling at ed in the course of its long journey, somag authorities in breaking that arrange. the same number of points in a triangular below pre-war rates. The effect, there

would therefore appear likely Interport. fore, was crushing, and it is to be feared of the adventurers remaining in China.

interests under the Washington Treaty, met every year. that a good many estates have suffered and othery going to the South Sen Islands poriously to prejudice China's national was unworkable unless the three team In the course of a discussion it was by ruthless supervision which followed

and by the lower and America.

Indiscriminate taxation of this sort and Iquality an

Determined to reach his objective, Mr. the repudiation of national obligations by mentioned that Shanghai would have the dismissal of many Yujima continued his journey, arriving separate provinces remove all accurity of great advantage in playing on their own

greens. It wes decided to write favour-"! in Tibet alone. He gained royal favour trade. In connection with the rubber industry, by serving as military instructor to the Reater understands that the British ing the provision of n Cup for Annual legal restriction of export has been more Tibetans and gained access to the royal Minister has already made serious repre competition discussed during the past year than any palace, where he met and immediately fell sentations to the Waichiaopu in so far Shanghai, other subject, and at last it has been in love with the daughter of the king as this new tax affects British interests. adopted. The almost 'instant effect was a Their betrothal and marriage were sano- rise from 23 cents de 40 cutits per lb. ctioned by the king.

capable managers and assistants.

the Singapore market, and this is general-

ly admitted to be ruficient to cover a la After living in Tibet for eight years, of 40 per cent, of productiin. Daging the Mr. Yajima returned to Japan with his greater part of 1921 voluntary, restriction wife and child in 1915. Since her arrival was more or lesa in force. It was futile in this country Mrs. Yajima had been prices remained at a losing figure and studying the educational system of Japan. stocks continued to increase, while estate with a view to returning to her native reservo funds wore rapidly diminishing. land later and opening a school for girls From the beginning of 1922 all pretence On January 29th she received a letter of restricting was abandoned, though a from her kingly father urging ber to certain number of estates adopted alter- return to Tibet with her husband and nate day tapping on purely economie child as soon as possible. grounds. Alternate day tapping means that half the labour forco can get in about two-thirds of what is sometimes called full capacity orops, and when the margin between price and cost of inhout encouragemvat of new industrios,

Much attention is being given to

ment

PAN-PACIFIC SCIENCE

CONGRESS,

TO MEET IN AUSTRALIA.

between Hongkong and

A VERY OLD MAN. OLD AGE PENSION GRANT AT 1634

The Peking correspondent of tho Times The second triennial meeting of the recently cabled:-

The Iccal Press reports the existence of Pan-Pacific Science Congress is to be held this year in Australia, beginning at a man living in Manchuria who was born Melbourne on August 13th and ending at in the 25th year of the reign of the Emperor Chien Lang, which makes bis Sydney on September 3rd.

The Commonwealth Government is to present age 103. With notable generosity, support the meeting and has promissed to considering the financial difficulties of the contribute £5,000 towards its cost. In- country, he has been granted an annual vitations

send representatives have been pansion." issued by the Commonwealth Government the to the various countries bordering the The Pacific. The Australian Nations! Re- Professor Orme Mamon

to

is very narrow it pays better to havo, simultaneous slump of rubber and tin has nearch Council is arranging the details, say, 20,000 lbs. at half labour cost than shown that the basis of prosperity is tou and its versity of Melbourne, is to

صولات

of the

of

PLATE GLASS WINDOW. "Looking through my Toric lenses is, 30,000 lbs, at full eest. Apart from narrow, sad experiments have demonstrat Variations of this policy, no attempt to od that valuable fibres can be a presido over the congress, while Professor like looking through a fine plato glass restrict has been endo; the production abundantly, and that there is ample land gir Edgeworth David, of the University window," said an American lady, in the has been hearier than in 1920, the last available for the purposa Want of of Sydney, is to be chairman of the Paul- course of her remarks while in a tramcar normal year, and thoughtful planters have capital is the chief obstacle to progress in Pacifo. Coinitted

The tentative programme covers large the other day. She said just the right dreaded the markets becoming aturat this direction, and the heavy fall in Federated especially in ed, and a consequent complete stoppage revenue, spidly it imposible for the and veterinary pesence, anthropology, plate gines window and it coes a bit more

including

thing. It post a bit more to build a of production.

Governmiont to give much help.

biology oceanography, geology, hygiene THE URGENT NEED. There are few industries for which a

Malaya is, in point of fact, an abnor and climatology, tropical diseases and to make a pair of Toria lenses than the better case in favour of legal restriction maly rich country, but the population is geodesy, the latter in special relation to ordinary fat bind. Torics are more than can be made out thas rubber whim it is anall, and a great part of it, the the are of meridian in Australia the worth the small difference in cost to you. indigenous Malay, is idle and easy determination of longitude by wireless, obvious that over-production is taking living. The urgent need is mure roads and weather cycles and weather forecast in the added comfort you derive from Plet the ordinary cconomia which and railways to attract new population Fan-Pacific Scienco Congress was place. aro always there,

their use. Torio lenses of any prescrip- weeds out the unfit in other dustries, If ever an Emnire dovolopment policy gets

by the National Research tion are manufactured by The Hongkong scarcely operates, for as long as the trees beyond the stage of academic discussion, romain--and they cannot be removed and if ever the British public can be Council of the United States of America Optical Co., successors to Clark & Co. without great labour and expense-they persuaded that there are as safe and as in 1920, the first congress being held at Manufacturing and Refracting Opticians profitable investments within without Honolulu in August of that year, and are a menaco to the better class proporties. the Empire, the Peninsula abould receive proving so successful that it was decided 13, Queen's Road, Central-ADYT

(Continised as food of next column.)

to hold, meetings at triennial intervals.

a full share of attention.

The

initiated

₤101

Y