1925-12-25 — Page 2

XMAS

THE HONGKONG DAILY PRESS, FRIDAY, DECEMBER 25TH, 1925

AND NEW YEAR HAMPERS.

We beg to Notify Customers that Assorted Hampers suitable for the Festive Season may be obtained from us at the following Reduced Eater

No. 1 HAMPER-$36.

1 Qt. Moet & Chandon Dry Imperial

1 Qt. Superb Tawny Port.

Champagne.

1 Pt. D.O.M.

1 Pt. Blackberry Brandy,

1 Qt. Martell's XXX Brandy.

2 Qts. King Geo. IV. or Perfection

No. 2 HAMPER-$30.

Whisky.

2 Qt. St. Julien Claret.

1 Qt. Old Brown Sherry R.S.

1 Qt. D.C.L. Old Tom or Dry Gin.

Qt. Burgoyne's Burgundy.

1 phial Pomeranzan Bitters.

No. 3 HAMPER-$26.

1 Qt. Burgoyne's Burgundy.

1 Ft. G. F. Peppermint.

1 PL. D.Q.M.

2 Qta. Sup, B.O. Furt

1 Qt. Guillemart Champagne.

1 Ft. D.O.M.

1 'QL Burgoyne's Burgundy."

1 Qt. Martell's XXX Brandy.

2 Qts. King Geo. IV. or Perfection

Whisky.

1 Qt. Engrand'e XXX Brandy.

2 Qta. Tawny Dry Port

2 Qta. St. Julien Claret.

1 Qt. D.CL. Old Tom or Dry Gin.

1 Qt. Vino de Pasto Sherry.

1 phisi Pomeranzan Bittera.

2. Qus. King Geo. IV, or Perfection

1 Qt. Amontillado Sherry W.3.

Waisly.

1 qt. D.C.L Old Tom or Dry Gin.

2 Qta. Medoc Claret,

1 phial Pomeranzin Bitters.

GANDE, PRICE & CO., LTD

TEL. CENTRAL No. 135.

HONGKONG.

WEIELIFT THE

SHADOWTM FROM YOUR WOOLLEN OR SILK SHAWLS.

EVEN YOUR FURS RE-

QUIRE DRY-CLEANING

BE

OCCASIONALLY, GIVE US A TRIAL YOU WILL

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THE STEAM LAUNDRY CO.

THE LARGEST CLEANING AND DYEING WORKS IN THE FAR EAST. HEAD OFFICE & WORKS: 'YAUMATI, Tel.K. 81. HONGKONG DEPOT 16, Stanley Street, Tel. C. 1279. KOWLOON HOTEL DEPOT.

PEAK HOTEL DEPOT.

KOWLOON DEPOT: 9, Canton Road. HONGKONG HOTEL: (Visitors only).

Write or Phone for complete Price List.

PERFUMERY

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MARY GARDER**

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Obtainable from

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The touic fool for all the family

RADE

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is

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To busy adults it gives health, increased strength and vitality. To children

it supplies the body-building elements necessary to bring them to healthy maturity.

me 4067

in bottles of twe alser

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in sicre pota

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At il Chexists and Stoves ....... BURROUGHS WELLCOME & CO.

LONDON AND SHANGHAIRME

RUBBER PLANTING INDUSTRY. STATISTICAL FALLACIES.

The Chairman of one of the Malayan Rabber Companies, addressing the annual meeting of shareholders recently saide

Following the example of a well recognised authority, this seems Buit- able moment to offer you a word of warns ing. I have always been amazed by the unanimity and the confidence with which writers in the Press-and some speakers -tell their readers and hearers to calcu late the value of shares in a rubber com- pany by the capital value of its planted. acreage. I can imagine no advice that is likely to be more misleading to the in- tending investor than this, if-as usually is the case-ho is asked to swallow it un- adultered, arid undiluted by the addition of all sorts of provisos which would lead him to reject the specific. There are questions which can only be answered by one who knows the particular property intimately such questions is, what is the soil like Is the land steep, or fat, or undulating Are the trees well grown for their age, and what do they prodace per acre? Is the estate well-managed, is the health good, what is being done in the way of cultivation, is there a good And sufficient water supply, what are the transport facilities, and so oht To form a correct opinion of the value of any rubber property an answer to all these. questions is necessary before you can be guided by the statement that the planted acreage works out at 595 or £100 the acre on the paid-up capital of the company. A good deal must depend not only ch the age of the planted acreage, but also on whether the growth is normal, and whe- ther in the six-year old fields the trees. represent in girth and general appear- ance six years of good growth, and not, by reason of neglect and weeds, and constant supplying, only four years or less. It is quite common to calculate as so many acres of planted rubber when balf of it is but six months or a year old, and only a small proportion, is really mature. Sometimes, in the case of new companies, where the mature area is obviously disproportionate to capital, the difficulty is got over by estimating the cost of planting and bring- ing into bearing a large area of unplant- ed fand, and then adding this area to that already planted, and telling the in- tending investor what be may expect, six or ten years hence, if all goes well; and the programme is duly carried out. Very often the investor fails to realise the long term of years which must clapso before this prospective extension can give any return, on the considerable sums which must be spent to bring it into existence.

BOIL AND FRODUCTION.

cost

or

It may be urged that these are obvious facts which every intending investor must

Your Baby

is a King

Court Physicians know the best and see that Royal babies have the best! That is why Glaxo has been used to feed the babies in six Royal nurseries! Only the best is good enough for your baby, so give him Glaxo, the food that contains everything that baby needs to build firm flesh, plenty of bone, and a strong constitution. Ask your Doctor,

glazo

"Builds Bonnie Babies"

Write For free sample and Descriptive Booklet to

W.R LOXLEY&Co..

ABLY AGENTS.

Seltona

know. They are certainly obvious to SELTONA in a esilodion Self-Toning papar people who understand the cultivation of giving beautiful sepia prints by firing only. rubber tracs, but all rubber shareholders

are not in that category. Even if every-No expert is to advanced to need SELTONA one knows now that about six years and no beginner 100 inexperienced to make should be allowed before a well-tended perfect prints by its nid." heavca tree is tapped, there are compara 185

tively few people who understand the enormous difference in yielding capacity between trees planted on good scil, under

able management and always tapped on

Write for a copy of

marillustrated bookt. let"Perfect Prints."

a conservative system, and others, even WELLINGTON & WARD; LTD.,

when teaded with equal skill, but grow.

ing on poor soil, sandy or stoney, on the side of very steep hill. The former

ELSTREE, ENGLAND.

¡ÄGENTS TOLL CHIWA :

& HANBURYS, LTD.. 40, CANTON ROAD, SHANGHAI.

PIMPLES CAUSED GREAT PAIN

will produce easily 600 lbs. of rubber to | ALLEN the dcre, and the latter 300 lbs, with dif Sculty. That being the case, what virtue is there in the calculation of so many neres of even mature rubber valued at so much an acre, proportionate to the sub- scribed capital of the company? ` Oze company with a capital of £100,000 may have 1,000 acres of rubber which will pro- duce far more, and at a less cost, than another company with the same capital and 1,250 acres of rubber "on poor soil. For the last few years rubber estates under British control have been working under restriction. It will only be when that restriction is suspended that you will be able to ascertain what is the real value of the planted and mature acreage on any given property. When you know what the whole mature acreage yields on a conservative system of tapping you will be able to form a shrewd idea of the value, of extensions on adjoining or similar land.

THE ONLY SAFEGUARD,”

The Chairman of the Devon Estates (Malacca), Ltd., speaking, at the annual meeting of shareholders on the prospects of the industry generally said: There caq be no doubt that a very considerable proportion of the production of European owned estates was booked on "forward sales during the year 1025, and it would be interesting to speculate as to what extent the removal.of. so much.rubber from the spot market has been a factor in influencing the more recent and notable rise in prices.

Full standard production will be freed

On Hands. Suffered Years. Healed by Cuticura.

"My daughter's hande started ching and then small pimpica formed. They filled with water and| would then break and fester caus- ing her great pain. She would citen get up at night and hold her hands in very hotwmer to ease the pain. She suffered Mike that for five or six years

"I read an advertisement for Cuticura Soap and Olftiment and sent for a free sample. I found it was doing her good so purchased more and now she is completely |healed." (Signed) Mrs. Briggs, 206,Old Uttoxeter Rd., Derby, Eng.

Use Cuticura Boap and Ointment regularly to maintain pertanent skin and hair health.

Soep and Ointment sold throughout the bury & Howa Lode dhe Duane 15,

A format orders with pries

Bubentry the Orticaux Shaving Sück.

for export from February 1st, instead of after a few years by decreasing yields, as the 15 per cent. release as allowed for witnessed by the effects of over-tapping under the Stevenson scale. It is hoped in Malaya in the past! The Stevenson that this is not to be taken as an in- restriction scheme is the only safeguard dication of the early removal of restric- whereby consumers of rubber can be as tion. Such A step, if contemplated, sured of a safe and natural increase, in would certainly bring about a general supplies, and under which well-managed scramble for tappers and severe disloca estates can be given time to settle and tion of estate labour generally. We are train the new labour which is coming in. still no nearer to the desideratum of a It is hoped that the Government of central selling combination of producers; Malaya, where the machinery of restric and a sharp temporary rise in stocks tion is working smoothly and efficiently, might easily cause panicky sales with will advocate its retention. manufacturers holding of. The eptiro A,RUBBER BOOM FLOTATION. abolition of the check which the Steven- A cable was received in Singapore from son scheme has had on excessive tappig London last week announcing that the would tempt small holders and larger following had appeared in the Financial Asiatic estates to over-produce, and trus For the Central Perak Rubber. port abnormal crops for a period until Co., Ltd., £400,000 issue, the applications their trees exhibited symptoms of exhaus total twelve million pounds. We are in- Drastic daily tapping on native formed that over 1,000 applications were, estates would almost certainly follow the received: totalling approximately twelve inbolition of restriction, and European million pounds and that, owing to this owned estates would experience consider very heavy application, it was necenaary able difficulty in retaining their tapping to alloy on the ballot system. This would coolics et reasonable rates of pay in the appear to constitute a record either in face of the resultant competition. Buch the 1910 or the present rubber boom." over-topping would bring in its train The vendors and promoters of the above disease and damage to trees followed company are Adamson Gilfillan & Co.,

(Continued on nezt column.)

tion.

Ltd.

GREEN ISLAND CEMENT CO., LTD.

Best Portland Cement.

SHEWAN, TOMES & CO.,

GENERAL MANAGERS,

HONGKONG.

CHINA PROVIDENT LOAN & MORTGAGE COMPANY, LTD.

Advances made on Landed Property, Goods, ste

Trustees of Estates, Executors of Wills, etc.

Warehousing of Goods of all Description.

For Terms and Particulars,”

Apply at the Head-Office-

Telephone: Q 781.

"St. George's" Building.

Telegraphic Address: “RELYAT."

10%

THE HONGKONG TUG & LIGHTER Co., Ltd.

Single packages and small consignments received

and delivered by Motor Lighter.

Motor Boat and Launches available for Conveying Passengers and Baggage to and from Steam- ers in Harbour.

Stevedorage and Lighterage Work undertaken. Tugs and Lighters available at all hours.

For terms and particulars apply st

HEAD OFFICE-ST, GEORGE'S BUILDING.

Head Office Central 781;

TELETHEREA

ין

Chinese Branch Office-Central 4885.

Night, Sunday or Holiday Hing up Kowloon 622.

[110

HONGKONG & TERRITORIAL ESTATES, LTD.

(Property Owners, Estate Agents, Land Valuers, etc.)

WILL UNDERTAKE THE

Development and Improvement of Landed Property and attend to all Branches of Real Estate Business

TELEPHOSH

C. 781...

For terms and particulars

Apply at the Head-Office,

"St. George's " Building.

Telegraphic Address: “ESTATES."

Pathé Baby

XMAS GIFT FOR THE WHOLE YEAR AROUND.

Provides entertainment and instruction every day of the year for every member of the family and a largo circle of friends.

Complete Outfit Films

$54.00

1.25

Magneto...

30.00

(for interior towns,)

Talbe Orient

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