1910-03-05 — Page 3

Intimation.

Powell's

Furnishing

Department

AT

ALEXANDRA

BUILDINGS,

(FIRST FLOOR

UPHOLSTERED

THE HONGKONG TELEGRAPH SATURDAY MARCH 5 1910

RUBBER SPECULATION.

Effects of the Boom Examined in Detail.

Prospects of Dividend on Shares Bought at Recent Prices.

In the following tables and notes the object is to place before those who are interested in rubber properties some fairly reproientative groups of shares under what we call old and now formations, the latter being companies formed during the rubber boom period. There is no pretence of making the lists complete, but they are typical and the averages derived from them will apply, 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 takṣ bots of the average age of subbat given lower down the column, and of the ampunt of uncalled Capital In the case of the new formationé a précis of the information given in the prospectuses will be found in the Notes on New Formations:"

Some of the prices to which'shares have risen appear to be extravagant, and so they are, possibly, il viewed as long investments: But in examining the figures we have been not a little impressed by what we may call the reasored expansion of values. They may be ilustrated by taking the first, the last, and the middle company in the "old formations. list. Io each case the market has raised the price to over £500 per planted acre, viz. Anglo Malay 35. Valambrosa 512, Kuala Lumpur £$13. Now, we know the actual output of rubber by each of these companies in January, and have every reason to suppose that it-will-increase-month-by-month-during-the-present-year, ..... Anglo-Malay actual output in January was 44,306 Ibe, and we take it at a monthly average of 55,000 lbs. for the whole ́year; Kuala Lumpur actual output in January was 45,635 lbs, and we lake it at average of 50,000 lbs Valambrosa actual outpat'io January, was, 30,000 lbs, and we take it,at average of 40,000 lbs. We assume that the net profit will be 4/- per 1b, on the year's output of each of these 'companies and on this basis we work out the results as follows:-

Total Outpat

Total pruft

Igio in lbs.

Anglo-Malay

600,000

at 4/- per lb, £133,030

་་

Kuala Lumpur Valambros

600,000. 480,000

179,000 90,000

Dividend on

Yield on Share Actual Capital, at Market Price.

88 per cont 71 per cent. 601 "

98

192

"

飾

The enormous parcentage Valambrosa should be able to pay is explained by the very large CHESTERFIELDS, proportion of its planted area actually at the productive stage. The average age of its subber

SETTEES,

FIXED OR DROP

ENDS,

STUFF-OVER

EASY CHAIRS in a variety of styles,

IN STOCK

ready for covering in

any tapestry which may

be chosen, or in loose washing covers.

is 5.57 against the 4.37 of Anglo-Malay, and the 3.47 of Koȧla Lumpur. On the other hand, of course, it has a smaller rosérve as we see, by the following :-

Total acres planted .....

Acres producing

Acres in reservo

Anglo Malay,

3.364 1,299

1,099.

Kuala Lurapur,

2,493

106.

1.387

Valambrosa. 1,739 1,054

673

No doubt some of the companies have increased their planted area' since the statistics we bave used were made up, but very young rubber does not greatly change the valuation of an estate. Comparethe market price of such a "new formation" as Merlimau with that of any of the old companies which are producing rubber.

The tables and nater, we hope, will prove useful to investèrs even if they merely serve to show the varied factors that should cater into an estimate of valuation.

Itubber.

Co. Malay 160

Damansara 1769

F. Selangor 1024.

ids & Lids 4530

1. Kenneth

K. Lumpur 2493

Perak

clesu. Following government expert „advice given about a years ago (the pros. pecins says) the estate was planted with Crotalaria, with result that a heavy crop of weeds and

and lelang was produced." Glenealy has 42 acres of ten year old tubbar,

Intimations

FOUNDED IN HONOUR.

No doubt you have seen in the such papers medicine or other If, on trial, you write that announcements as thir-concerning some

Intimations.

PABST EXTRACT.

but the trees are thầnly planted-only 2,340 this medicine has done you no good we, will bast TONIO for karping in perfect

rest in all. There are 97 acres 19 months old, 116 ecran 16 months old and y5.acras 9 months old.

Henrietta had 167 acres planted in 1907, 272

acres in 1908 and 166 acres in 1909. Kuala Pabi: We. nood say little about this

astato. Ite-rubber-avdrages about 3 months old, and the capitalisation may be described as preposterous to save asing stronger term..

Landa has 58 acres 3 years old, 28 acros" ab, years old, 41 acres 2 years old, 72 acres 18 to. 1 year old and 292 under one year.

Merliman: This is one of the largest estates, but the rabber is very young. The tree ages are given as follows-88,613 trees 21 year old, 137,372 trees 2 yesta uld, 46,727 ́irees 14 years old, 284,329 tre89. 1 year old,

300,786 trees, under f-year), Fegob standw woll among the new companies. It has so acres 5 to 6 years old, zo acres 4 years old, 251 acres 31 years old, 3a8 acres 3 years old, 243 acres at years old. To these figures à year may be added having regard to the date of formation. The re- mainder of the planted area is upden увать.

. 1

Sungei Bahru has 125 acres over 4 your, 100 ACTA 4 years, 174 acres 2, yous, 401 acres 14. years and 256 acres 1 year. United Singapore: This is a property entirely under Chinese managemets. The plant ing does not appear to have baca done very regularly, but tapping has been going on for some time, and there appear to many very good trees.—Straits Timmy.

Intimations.

F. BLACKHEAD & Co., SHIP-CHANDLERS, `SAILMAKERS, COAL AND PROVISION MER. CHANTS, NAVAL CONTRACTORS

AND GENERal commisSON AGENTS,

GROUND FLOOR,

ST. GEORGE'S BUILDING, HONGKONG,

SOAP AND SQDA MANUFACTURERS:

SOLE AGENTS JOR

RTMANN'S. RAHTJEN'S GENUINE. COMPOSITION RED

HAND

8. 1.6. 131. 4. 0 | JRAND, HARTMANN'S GRAY PAINT

3.11.0 254:12. o

DAIMLER'S PATENT MOTOR

10.0.0 38. o. a

1.19.0 453 1

2, 1.0' 301. 6, 2

Bole Agmir for FERGUSON'S SPECIAL OREAM, and

&. O. SPECIAL LIQUER BOUTOH·

WHISKY, &c.

EVERY KIND OF

SHIP'S STORES AND REQUISITES

ALWAYS IN STOOK

AT

OLD FORMATIONS.

"Acci

Company. Under

Anglo-Malay 3364 Batu Caver Beitam. Bukit Rajab 3340"- Cicely -829

3 Date Earliest Planting.

1899

1231 2405

422

1902

298 .1506

1905.

Effect of Share Boom.

Acres

Toul

When Capital

FACE Price

Equito

Over 4

Capital per cre

Company. Value of of sharo

ver acta Wanted. Formed.

Plantid. Share. Feb '10. Isted. years old,

£150,000 £44.12.0–1905 1005

20,187 175,000 72.15.0 1956

2/ £1.4.0 453574 0

H

16. 8.0 1904 ล

虐

* 1897

70,000 30. 0,0 · 1953

1

11.10.0 - 345, ai o

LAUNCHES,

353

1899

.16,000 19, 6.0) 1991

1.180 361344, 0

&C

&o.j

65%

1899

61,050 38.10.0 19.5

1900

102,000

57.13.0 1900

6.:0.0 345.18, a

pl

1902

35,000 34. 3.6

1905

95.0 350. $.10

1943

1899

1067

Lauadron 4573 Ledbury 1411 Linggi. 4191 Pataling 1519 719

487 1100 1158 1899 403 1839 1660. 1899

1901

305,000 67. 6.6

30,000 28. 2.3 1904.

1900

I

5.5.0 353 9.' I

1

8.17,0248. 1, 7

lyoz

180,000 73, 4.0 1905

7.9.0 523, 9.0

889" 1899

250,000 34.13.6 1957

75,000 51.15.6. 1908“ 90,334,239, 1895 -22,500 14.13.8-1903

1

5.10.0 300.14. 3.

3.5.0 171.10. 4

2/..

434

1899

85,000 18, 4.3·3906

J

5. 0.0591. 1. 3

1595 .1218

1893

1818

938

1902

30,000 19, 8,8 1898 107,000 $5, 0.0' 1906

21.

25.0 432.9, 0

5.15.0. 316. 5, 0,

Sungei Way 1074

$66

1903

Valambrosa · 1729 į

1054

1899

gh,000 £47, 4,3 1904 50,600 29: 5.3

I

1904

4.17.0 338, 1, 2 1,35.0 512 .to

*

paid

NEW FORMATIONS.

B. Malaka Bujang Changkat

634 none

1907

£50,000 £78.7.3. Noy '09, 2/

3/

485

none

1907

1.40,000 81. 9.6 Dec '09 Lt

7.9

100

1899

87,500 120.0.0 jaukio¿134 1.45.0

· 148,5.10

180,0, 0

Cheviot, 605

Boot

1906

90,000 181.16.4 Jan 10

400 Elphinstone, 245 300

77

1900

50,000 125,.0.0. Dec'oga/>

delivery in various fin-Kuala Pabi ishes.

vague 1906 -42 1899 Heulietta 600 ВОРО .1907

16

noce 200.

1908

Lendu Moriimau Pegab

-473

росе

1906

་

$600

Dono

1907

210,000

1900

70

1903

69. 9, 6 4/9 4.1.8.107. 9.

Those who intend learning the Chinese language are requested to write care Hongkong Telegraph, office or direct to 17, Hollywood Road, 2nd floor.

Hongkong, trd-January, '1910.

of

[71

S. Babru 1056

135

U. Singapore 1779

40

1905 75,000 71: 0.0 ·Deploy £1 1993 110,666

·05.11.7 Sup '09", 3/4 AVERAGE CAPITALISATIONE,

316

58. 7. 4

BEDROOM

FURNITURE

A Quantity of full

Fuites always ready

Selangor

5. Kapar

Chota for Gedong

Glencaly 330

35,000 142.17.0. Sep'og af 60,000 200, 0,0 Jan'10£1 ; 35,000 106 0.0 Nov1og 1/4

70,000 116.134 Dec'69 £1.3.4 63,000 300,0.0 Jan '10, 3 60,000 126.17.0 Nov '03 £1.

37.13.6 Sep 09 */- 58,3330.140 Jay 'og 134

7/0 418.11. 0

.

4/1185 12 15.8 128.6. B

REASONABLE ¿PRICES, "rugkang, 9th Wark, tant,

NOTICE.

refund your money."-Now, we have never had reason to speak in that way concerning the remedy, named in this article. Id a trade extending throughout the world, aobody has ever complained that our medicine has failed, or asked for the return of his money. The public never grumbles at honestly and skillfully made bread, or at a medicins which really and actually does what it was made to do. The

foundations of

2

WAMPOLE'S PREPARATION are laid in sincerity and honour, the knowledge of which on the part of the people explains its popularity and success. There is nothing to disguise or conceal. It was not dreamed out, or discovered by accident; it was "studied out, on the solid principles of applied medical science. It is palatable as honey and contains ail the nutritive and curative properties of Pure Cod Liver Oil, extracted by us from fresti cod livers, combined with the Compound Syrup of Hypophosphites and the Extracts of Malt and Wild Cherry. This remedy is praised by all who have employed it in any of the diseases it is recommended to relieve and cure, and is effective from the first dose. In Anemia, Scrofuls, Nervous and General Debility, In- fluenza, La Grippe, and Throat and Lung Troubles, it is a specific. It is precisely what It is said to be, and has won the confidence of the public on that basis: You may resort to it with a faith and hope that arise from the history of what it has done for others. Dr. Thos. Hun- Stucky says: "The continued use of it in my practice convinces me that it is the most

tion now on the market." One bottle proves

health in the Tropics.

It is a liquid food in predigested forma, con-

sffects of the cholcast" hops.". Nearly Nons sising all the bracing, soothing and toaing alcoholic.

Highly recommended by the local medical profession in cases of Debility after Malaria, from overwork or other causes,. Asmmisj Neryousness or Dyspepsia. Samples on application.

ALSO JUST RECEIVED -

FABST (American) BEER, in bargeli of 120 bottles.** fn'vibw of the arrival of the American flest la a few days, plansą order. da∙las our sipck, is limited.

SIEMSSEN & CO. Agents,

Hongkong, rub Dəcambár, rood,

FRENCH STORE.

NOTICE.

We beg to inform our numerous customers and the public in general. that we have been appointed Agent

for the "CREME SIMON" and"

palatable, least nauseating, and best prepara- all Simon's Produces for Toilet its intrinsic value. "You cannot be disRequisites, Perfumery, Powder, appointed in it." Sold by chemists throughout

the world.

Soap, ato.

4

HONGKONG HORTICULTURAL

IN the

.SOCIETY,

FLOWER SHOW,

BOTANIC GARDENS.

TUESDAY, 8th March;

Open 2 P.3. to 6 P.M. Admission St.

The Prizes will be distributed at 5 F.M.

"

**WEDNESDAY, 9th March:

Open 10.30 A., to 3 P.M. Admission facts.

P.M. to 6 P.M.

3

Children half-prica.

TEA will be obtainable on the Grounds.

By permission of Col, Prior and Officers the Band of the 13th Rajpute will play on both days from 7.31 to 6 P.M.

Hongkong, 1st March, 1910,

E.

་་

(217

HONGKONG TECHNICAL INSTITUTE.

QUEEN'S COLLEGE.

EVENING CLASSES in the following

will RE-OPEN 00 MONDAY,

[39 MARCH 7th:-

R. LI HON FAN, a Chinese graduate

Mversed in literature, has been a leacher

to European oßcials sad' merchants in this Colony for over ten years.

He has a good method of training. Euro- peaus to pass in the Chinese examination, and is possessed of a first rate certificate as a Obinese teacher. He has also a good know- ledge of Mandarin.

The average actual capitalisations per planted acre and the capitalisations based upon C BEDROOM CHAIRS,arket price per planted acre are as follows, the companies for which we have no quotations

TABLES,

AND

LOUNGES

EN BUITE"

BEDSTEADS,

WIRE MATTRESSES,

HAIR AND FIBRE

MATTRESSES, UPHOLSTERED

BOX-SPRINGS

AND

BED LINEN

OF

Every Description.

being taken at par

Companies formed before 1906 Companies formed in 1956-7-8

Companies formed in 1909-10.

increase

Actual Capital, Market Price Per planted acre. Per planted acre. Per planted acre.

...L.29 12.2 *** 350, 0,0 -

*** 161,106

•

63. 6,8

119 12.2

365.5.4

'AVERAGE AGE OF RUBBER UNDER OLD FORMATIONS.

£310, 7.10

301.18, 8

141.18, 4°

A statement of the average age of the rubber trees in 1909 on the old formations may be given as supplementary to the information in the table :—

Anglo-Malay

Batu Caves Bertam Bukit Rajah Cicely

Years

.

4.37 Koala Lumpur 1..8 Lanadron

1.61 Ledbury

4.95 Liogg!

4.25 Pataling

Years

4.73

Years

Years

3.47 Consul, Malay 3.02 DamansaTE 3.57 Fod Selangor 3.74 H'land & Low 6,63 Inch Kenneth UNCALLED CAPITAL.

4.24 Perak 5.18 Selangor .3.92 Sungei Kapar

633

441 Sungei Way

3.80 3.62

3,60 ValambroRN~-

6.57

Some of the companies in the "old, formations" have not called up all their capital. ' Only |··

"HINA

THE

PROVIDENT LOAN AND

MORTGAGE CO., LD.

(CAPITAL PAID UP ....................$1,250,000} :

*

Loans on Mortgaga of House Property, dc. Goode recolvad on Storage.

Advancas made on Merchandise. « Loans made on the Provident System.

(Rates and Particulars on application).

· THE OFFICE OF TRUSTEE, EXECUTOR OF WILLS, ATTORNEY, &c. Undertaken and Kxacuted.

SHIWAN, TDHTS & ĐỎ.

General Managers.

Bopgrome, 10th March, Tool

KWONG FUNG YUEN,

the called up is dealt with in the above table, the authorised being as follows: Batu Caves HEAD OFFICE—No. 83, Des Voeux Road West.

3000; Consolidated Malay 675,000; Damansara 6810,000; Highlands and Lowlands TIMBER YARDS-Kopsedy Town.

£310,000; Inch Kenneth £50,000; Lanadron £320,000; Ledbury £125,000; Liggg) £100,000; Patpling £30,000) Sungai Kapar £110,000; Valambrosa £60,000.

2

Full capital authorised in taken in calculations of the new compapien, as practically every TIMBER MERCHANTS, penny will be required for development purposes,

I

NOTES ON NEW FÓRMATIONS,

Batang Malak bas 75 acres 21 years old, 70 acres 2 years, 237 acres 13 and balance * year and under.

Bujang has 49 acres 3 years old,'63 acres' a years old. The remainder is under 14 YORIR. Changkat has 4,000 trees over ten years old:

"and 3,000 more trees, which are expected to bear this year, the remainder of the plasted area ranging from 3 years-10-6 months old. The total number of trees planted is 90,000,

Cheviot has 74, #rus,, which ware planted in

· 1906, and 442 acres planted in spo7, „The mainder dating from middle of 1908,

Chota hai 4 acres of treen‘6 to 9 years old, 73

acres 4 to 5 years old So porns 3 10 jì years old 230 acres zi la 21 years old and 15 acres one year old. Elphinstone: This company is partly iin mio- ing and parily rubber. Its total capital la 264,000 and the prospectus did not show clearly how it was divided. We take £35,000 as a moderate estimata for the rub ber.saction. There is, it will be rememe bered, a dispute about Utig... Gedong. The prospectus said that "iba planted

rtion consists of,200 acres, on which 4) eboni 89,750 para trom wara planted ni the

HAW MILL OWNERS,

AND "GENERAL CONTRACTORS

TO H.B.M. Naval and Military Authorities,

Hrican Fir, Douglas Fir, Oregon JAVE always on hand large stock of Plos, Tenky Yacal, Hardwoods, Oregon Spar, Chinese Spar, Chinese Pins of all descriptions.

Inspection' Invited to the Vards; ~~Ben-Tarma.

Quick delivery,

LRUNG TAI, A

•Managing Director.

Koi K995. Half the plantasi uran dogs, Honghong, 19th January, 1910,

ENGINEERING SECTION :

Building Construction and Drawing, Field Surveying. Machine Drawing, Steam.

Mathematics.

Mechanica

Physick.

COMMERCE SECTION:

English.

Freach,

Chinese (Cantonese Colloquial). Shorthand (including Typewriting). Book-keeping.

SCIENCE SECTION:

Chemistry

Physics..

Theoretical {Practical.

TEACHERS' CLASS :

English, and Methods of Teaching. Students should attend at the Institute to be enrolled on THURSDAY, March 3rd, or FRIDAY, March 4th, between 6 and 7 P.M.

Copies of the Prospectus and Entry Forms for intending Students may be obtained on application to the Undersigned,

E. RALPHS,

Hongkong, zat March, rote,, -

Director.

[a16

FURNITURE WAREHOUSE.

LI KWONG LOONG & CO.

· CABINET-MAKERS AND ART DECORATORE.

their re-opened from Shanghal, hai'

FURNITURE STORE

No. 39, Des YœUX ROAD CENTRÁL, The only Shop in Hongkong with this hams

Wevery dascription cap be made to THERE HIGH-OLASS FURNITURE

order la suv design required.

Hava bean patronised by the Hongkong Dinh, Hongkong, Hail, Telegraph.. Cr.. Moss, A. S. Watson & Co., Firms and othai loving katab"shments “In the Colony, to whom reference can be made to the Superior Workmanship and Materiaip of the Farnitare, &c. supplied,

Messrs." A. B. Wation & On, Lid, write as follows

"

"We have pleasure in stating that Mr. L1. KWONG LOONG famished the Annoua to our Dispensacy and gaya na ByMy patis. faction."

(BL) A. S. WATSON & DO,

ngth May, 1897,**

WORDERS punctually attended to, and CHARGES most moderate.

AN JEBPECTION INVITED:

INSPECTION SOLICITED. Hongkong a1st January, 1910.

MOTOR CARS

FOR HIRE.

THE ONLY GARAGE IN TOWN.

MOTOR BOATS

FOR HIRE

ALWAYS AT BLAKE PIER.“

NEW BICYCLES

FOR HIRE and SALE.

GENERAL REPAIRERS

TYPEWRITERS, BICYCLES

and MOTORS.

DRAGON, OYOLE DEPOT,

13. And 35, Des Voeux Road,

THERAPION MAY NOW ALSO BE OBTAINED

IN D140EE (TAÍTELESS) FORM,

...BELF QURE NO FIOTIONS MARVEL UPON MARVELI

الله

· NO BUFTIRZA

NEED NOW DESPAIR. bed withus retning a deptor's bill or falling foto -Coaxp ditch of quackery, may miały speedily. Ra l'economically cure himself without the knobę“ ledge of a second party. By the introdection of THE NEW FRENCH REMEDY

THERAPION «

a complete revolution has been wrought in 15H department of medica! science, while fonaKAKA bare en albred to besità and happians who for years previously had' boon maenły dingging

la miserable existence. *****HERAPION Na't-The Severalyn

Ramady for discharges, superseding laface-

• Montễ tha nne of which down irruparable burn b Laying the

of stricture' and other

HERAPION No. 2-The Sovereita Remedy for pranary and Secoultry sti wuption, alcations, puins and swelling of the Joints, and all those complaints which moscary and, secvaparifla are popularly kuch mezonowany opposed to caras: This pespiratias puiting til whole system through the blood and chordable alimindian 183) Doisnowe matter from the Welly WHERAPION NO. S-The Severeign

famedy for dal fay, me vouationer knaplast vallig, sloopdousanas, distaste and iącapacity for basis or pleasure, love of solikuda, klubblag Indigestion, pafés in the back and had, and all disorders zurulilog from: dissipation, súrly e? 'casaca, kc, which kin far altyag pácolonun ilylénoco,

bacanie as impotent lacuri de evan yello

THERARI

Favantody Bond,

ti mo numbers