1910-05-16 — Page 5

THE HONGKONG TELEGRAPH MONDAY MAY 16 1910.

SENAWANG RUBBER ESTATES | reserved themselves, to the debenture holders, | THE RUBAIYAT OF THE NU TORE.

CO, AD.

„ANNUAL” MEETING.

that payment would be made to them at the expiration of six months, and the directors now felt that they were in a sufficiently strong Prion to be able to carry that out.

lo other questions being asked, the eport

and accounts as presented were adopted on the Proposition of the Chairman seconded by Mr.

Kronenberg,

The fourth ordinary general meeting of shareholders in the above company was hold at Shanghai on 9th Inst. Mr. L. E. P. Jones presided, and there were also present Mr. F. Krouseberg (director), 'Messrs. How Sta-foong, A. Sinclair, G. Grayriggs, O. L. Übert, H. J.

The second resolution, proposed by the Chair Clark, H. Vogler, E. B. Rowe, W. G. Pirle, O., secondled by tr. Kronenberg and carried was to the effect that a dividend of 20 per cent Mordkorst, R. Carr, A. 5. Bremner, J. Stampff, G, H. Potts, H. E. Shadgett and the Secretary, representing 750 shares

After notice calling the meeting had been

read, the Chairman addressed the shareholders as follows

|

|

on the paid-up capital of the company be paid.

Mr. Kronenberg was re-elected director, on the proposition of Mr. 5. J. Clark seconded by Mr. Vogler.

On the proposition of Mr. 1lbort seconded by Mr. Rowe, Mr. G. Grayrigge was elected a director at the Company. Is mentioning this relation the Chairman said the Board felt it desirable that their number should be increpaed.

Messrs. Lowe, Hingham and Mathews were re-elected auditors on the proposition of Mr. Stampff, seconded by Mr. Vogler.

An extreerd nary general meeting then took place. It had been convened at the request of shareholders with the object of pasting the following resolution That each of the exist

of Tiss each.

hates (of Th, 100) be divided into to shares The resolution was unanimously adopted, on the proposition of Mr. O. Mordhorst seconded by Mr. A. S. Bremner,

The Chairman thanked shareholders for their

(Contributed,) Myself when young did eagerly frequent Both Bull and Bear, and heard great argument

1.

About it and about: but evermore

Came out with less than when to them I went. Once I remember stopping by the Way To.aska Droker how Things were that Day,

And with hip glib and all-persuasive

Tongue, answered,Perchase Rabbers while you

may,"

He

I

did.

Alas for me and all who weep And wander at the drop so quick and deep!

Brokers and Operators, or bath have

borne

Or "beared" them dow's in ons terrific Sweep. The Share on question maken of Ayes and

Nozs,

But up or down, as strikes the Brokar, goes;

And ka who bat they'd go to seventy-five, He knows about it all, he knows, he knows," So, Smiths and other, what have you to do With daily Fakes and fatso Quotations, con ?

Let your Bear Brokersbluster as they willi

And Kettle call you Donkeys, beed not you. Perplexed no more with Human or Divius, June Settlements to the Winds resign,

And let the anxious Brokers walk the

Floor;'

attendance and said 'dividend warrants would They've slammed Things down, it's their Look-, be sent out in due course,"

The meeting then terminated.

THE CATHAY, FROST, ED.

EXTRAORDINARY GENERAL MEETING.

out, not mine.

And if, in Juse, they have the Norve to práss For-Payment, tell them they have made this

Men;

And though they thought thay know it all, They are entitled to another Guess.

What. From his helpless Client be repaid Pure Gold for what was sold him dress

allay'd--

.

Sue for a Difference he himself has

made

ie will not do so. Don't you be afraid.

Gentlemen,The report and statements of accounts have been in your hands: for some time. I presume we may, as usual, take them os read. Before, however, proposing "there, solution to adopt then. I should like to make o few remarks, Referring to the accounts, the amoost at credit of Profit and Loss Account is Tik 55,877.76 which for first working year is considered by your Directors to be highly satisfactory. Of course the high prices at which rubber has been ruting has added to this very desirable result, Turning to the Balance Sheet under the heading Capital Account it will bo coticed that the outstanding call last year on part of the 2,500 first issue of shares have all been paid while of the 382 shares of the second issue 52 have been fully-paid up and 320 have been paid up to. Tis, 40 per sbale, making total amount of capital to the and of the financial year of Ti: 260., 000.00, The debenture issue since the last statements, of accounts bas increased to Ti. 40,000, but the directors are making 'arraugo, ments to pay off these during the course of the current year. Sundry creditors represent Tls A meeting of abareholders in the Cathay 701 outstanding in Singapore and Tis 1,285 in Trust, "Ld., was held at Shanghai on 10th init. Shanghai, the latter' including directors and Messrs. J. A. Watlin & On, Canton Road, auditors' fees. Suspense Account is the usual There were present, Messrs. J. A¡ “Wattie item for quit rents for the month of January. (Chairman), D. Landale; J. H. McMichael, W. Premium on the 600 shares issued in Novem. Clayton, A. M. Marshall, the Rev. G. Castrillo ber 1900 remains as before, The cost of the (Director), Mr. L. E. P. Joses (Legal Adviser), purchase of the property is the same as in the the Rev. A. Brun, Messc. J. O'Shea, W. H.I heard ons of the discontented Lat previous year's accounts. The development Hell, . P. Wadman, F Loch Trevor, E. T. Of june Investors," waxing very hot... expenses for the year ate practically the same Byrne, W. 8. Davidson C. Rievely, and A. J. an those in the preceding 11 months viz 1-same-

Welch (Secretary) representing Messin. J. A. $46,616 this year compared with $45,634 last Wattie & Co. year. In the last year's accounts all revenue was deducted from development expenses, but in the statements before you all revenue bas, teen credited to working account. The stock of rubber in Singapore has been valued by our Agents there at the customary ruling figure vir Singapore dollars 2.00 per pound all round which makes a sum of Tls. 4,772.00 taking Exchange between here and Singapore at 100. The shipments en route to London represent the actual proceeds realized, the Agutes having been scat tu us by cablegram, and the total som sa Tls. 29,584,00. The Shanghat) office furniture remains as in the tant set of accounts while the estate buildings and furaiture are topicsented at the valuation placed upon them in the estate ugeois'accounts.

· Sundry debtors represcats principally cash in the bands of Moura, Barker and Co. Singapore, The balance in thɔ Hongkong and Shaoghai Bank is as shown Tix. 1,912.23. Preliminary ex- ponses have been increased by the expenditure under this heading during the year to Tls, ‚2,608,09 and from the total accumulated sum bi Tis, 17,588,88 wa have 'written off one-third; only carrying forward Tis." 11,725.92 to thứ cutreat year's accounts under the authority and advice of our auditors. In regard to the estates

嘴

a further 700 acres has been felled and planted during December 1goyand January igio making a total area under cultivation of 885 acres. All the rambong trees, coffee etc., have been felled as the revenue from all these sourcan was not satisfactory, The average number of trees tapped per month during the year was 7,360 the smallest number being 3,723 in July and the largest number 11,843 in January 1910)

the monthly

The outpul of dry Pasa rubber for the months, as you know already from

was 23,870 lbs seturas, and the average, output works out si roughly 37 lbs. per trea.-- The average cost per acie for weeding has been reduced from 51.31 to Sipa j this latter figure in slightly higher than thá estimate but could not be avoided. The total estimate under this heading for the current year is $17,317.00, . În regard to the labour question our manager reports that he has been experimenting with Chinese'ia place of Tamils, and finds them much more satisfactory and at, tributes the increased yield of rubber to the excellent work done by this class of labour. Taking the results of the year's working as shown by the accounts, 1 consider we can.con-

The Secretary read the police convening the meeting, also the following motion:---

That the Articles of Association be altered by substituting the following anicle for Article 6, namely:

I

6. The initial capital shall be divided into 1,000,000 Preference shares of 18/- each and 4,000,000 Ordinary shares of 2/ cach. Such preference shares shall confer the right to a fixed cumulative preferential dividend at the tate of 6 per cent per accum on the capital paid up thereou and shall raak as regards dividends and capital iu priority to the Ordinary shares, but shall not confer the right to any further participation in prefits, or assets. And upon any increase, of capital, the Campany shall be at liberty to issue hay Lew share with aoy preferential deferred-qualified or special rights, privileges, or conditions attached there- 10.

·

"The right hereby attached 10 the reference shates may be altered by special resolution passed with the approval is writing of the holders of three quarters of the issued shares of such class."

The Chairman then said-Gentlemen: The

"All this of Pots and Kenlos,-Tell me

"thed,

Who are the Kettles, pray, and who the Pats ?

"Why," said another, "Some there are who tell "Of one who threatens he will slam to--well-

The Rubber, Shares be is so short of Pitb

He has got Money-So let him still sell,"

My Bank account bas long ago ruu'dry: *Well," murmured one, "Let whoso sell or bay,

But let the Rubber Trees produce the Juice. Methinks Shares must recover by and by,” Would but some yowerful Broker, eze too late, Buti in and raise the Figure on the State;

If no one dues before the end of June, I wonder who will have to pay the freight? -

N. C, D). News.

BULLION

Messrs. Samuel Montagu & Co's Bullion Circular dated London, April 12, contains the following:

Gold. The total amount of bar gold avail able this week was about £490,000, out af remainder was divided between the Bank of which £130,000 was reserved for India; the England and the Continent.

The following amounts were received by the Bank 1-

purpose for which this meeting is called bas been made clear to you by the notice just read. It is, in effect, to make the 6 per cent. Preference shares cumulative instead of non. accumulative. We are recommending this alteration on the request of shareholders, and April the advantages of the change are too obvious to seed further comment from me,

If there are no questions I tha't have pleasore in putting the resolution,

Is. J. H. McMichael seconded the motion. There were no questions, and the motion was carried unanimously.

Aprilho.

98,000 15, 61,000 in bar gold. 11,000 18, 16,003 1

341

16,

19.

22,000 30, 94,000

14, 1,058,cow, 19, 8*1,000 „, U.S.%.

15, 3000.0 la German gold coin.

16, 40, au in sovereigns from Australia. 19, 9.000 tu sovereigns from France. Withdrawis were made as under :-

THE O. S. K. AND. THE PACIFIC || April | L

CONFERENCE..

20,000 in sovereigns for India, 19, 10,000 in sovereigos act aside for Straits Settlements, 20, 490,000 in sovereigns for Brazil. The amount for Braz would have been con siderably larger were it not that New York is helping to meet the demand for that quarter,

Owing to the comparatively high rate of bills drawn on London from Americs, now discount ruling, many of the three months' falling duc, have not been renewed; this necessitated the shipment of large amounts of gold to liquidate the position, as the present time is pot the American export season.

The net inflax during the week is 2,017000, A parcel of £50,000, die from Australia on May 7, and £150,000, due from Egypt on April 30, have been-purchased for the ladian Cur. rency Reserve.

Silver.-On Friday the price rose to 248.- the highest quotation of the year-and remain ed at that figure on Saturday.

+

COMMERCIAL.

TO-DAY'S RUBBER QUOTATIONS.

May 14th, 3.00 p.m.

ני.

The following quotations for rubber shares, by wire, are supplied by Messrs, E. S. Kadoorie & Co. -

Allagarrenariniısacars

..719 Anglo-JavasTl9, 20 Anglo-Malays...33/6° Balgownion...................................................$23 ........Batu Tigas.......180/

Bukit Kajangs...

----་b.ས་་་བ་་་པ་

Bakit Rajabers *** Carey Uniteds .........35/- prem, Castlefialde ......... ...........30/

Cheras

Changkat Serdangs

...Sac

Damansaras spr.******

18g/...

Easterd Internationals......47/6 prem. Fed, Selangors

Glenealys

Glenshiels ......usitation *** Golcondas........................................145/«

Golden Hopsa

Highlands and Lowlands 157/6. Indragiris $40 Inch Kennethsai............ Jequie.........

Jonglandors...................

Kamucings ......

Kuala Lumpors

Lanadrons (fully paid) ....

To-day's Advertisements.

THE "STAR" FERRY CO., LTD.

NOTICE TO SHAREHOLDERS.

TOTICE IS HEREBY GIVE that the NOTICE

TWELFTH ANNUAL ORDINARY! MEETING of this Company will be held at the Offices of Massa, Gibb, Livingston & Co., `on SATURDAY, arst May, 1910, at 12.15 pm for the purpose of receiving the Report of the Directors, together with a Statement of Ac- ccount to 30th April, 1910.

The REGISTER OF SHARES will be CLOSED from MONDAY, 15th inst., to SATURDAY, atat lost, both days inclusivo. EDWARD OSBORNE, Secretary. Hongkang, 16th May, 1910;

FOR SHANGHAI, NAGASAKI, KOBE AND YOKOHAMA.

THE P. &2O. S. N. Co.'s Steamship

"SIMLA,"

1373

will laava for SHANGHAI, 00 THURSDAY, the 19th instant, at 10 A/M.

For Freight or Passage, apply to

E. A. HEWETT:

Superintendant, Hongkong, 16th May; 1910.

11}--prem:

Labadrons (ppd.)..........105/ prem. Lábus

RICHT

Ledburys Llaggio

10/

London Asiatics"

ispal.

London Venture ... "mtoimia 9/4. Merlimaus.

Pajams.czecinante

$18

THE PENINSULAR AND ORIENTAI STEAM NAVIGATION COMPANY,

Rubber Trusta

Snggas

Sandycrofts

..330/

........41/

Pegobs

Sapongs... Seafields Sekongs ....

.40/: prem.

Shelfords..............................................82/3 Singapore & Johoren ......................... 5322 Sumaira Parasamim Sungei Chobs.....................10- Sungei Kapars.com...................200/- randjobgs. 55/- prem." Tangkals................................................30/- prom. Toerangio 7/6 prom. Old Rantu

United Berdangs ....

United Singapores........534 cxrights United Sumatras.....14/6 United Langkats ir p

Para Rubber

.11/- per ib.

APRIL RUBBER RETURNS.

Agents Derrick and Co... PEGOH LIMITED...

.3,400 lbs: GLENEALY PLANTATIONS, LTD ...3,045 lbs: GLENSHILL ESTATE. 2,326 lbs; Total to April 30, 8,185 lbs; Total same period o9. 475 ibs.

CASTLEFIELD-1,700.- SENOAT:-5.593.. KATANUL :--1,223.

F. M. S. Rubber Co. for April 25,300. Kuala Lumpor, 38,600.

ALOR PONOSU RUBBER CO,

Penang, May 9. The output for Alor Pongau for April was 1,150 lbs dry rubber.

DIVIDENDS.

"

The Rubber Growers Company owning Kempsey Estate, Kuala Belangor, have declared a first interim dividend for, the current year. of 15%.

The Kuala Lumpur Rubber Co. has declared an interim dividend of thirty per cent.

The Sungei Kapar Rubber Co, Ltd, pay a

Boal dividend of 25 per cent, making a total of

32 per cent for the year.

The Kapar, Para Rubber Estates pay to per cept for the year. +

The Shelford Rubber Estate, Ltd., announce a dividend of 7 per cent for the year,' and a sum of £3,000 is written off---M. M..

MARINE COURT CASE.

ALLEGED PILOTING WITHOUT LICENCE

having pleted vessels in and out of Nagasaki" Osaka Marine Court on 6th inst, on charges of Captain J. S. Stevenson appeared at the

barbour without a licence. The public Pro curator, in laying his charges, said that Caplain Stevenson had piloted the Tenyomaru" out of" Nagasaki harbour on two occasions, on Nov. amber 9th,,1508, and January 2gib, 1909, and bad also taken the Chiye-maru into the port on once joto Naguauki on January 1si, 1909. He

February 20th, 1989, and piloted the Minnesota out on August 15th; 1909.

CUT RATH COMPETITION AVOIDED, The Ostka Shosen Kaisha announced on Monday, 2nd inst, that it bas jined the Pacific Freight Union on the North American line, The new system will be adopted with the teamer Chic igo Meru which leaves Hoogkong is reported that the Olaka Steamship Com- on May 8th With reference to this it

Pony had already showed its willingness to join three or four months ago but was unable to do, so owing to the in- gratulate curselves, and, with the continued Paul Pailway Company. The freight on raw. Auzace of the Chicago, Milwaukee-St. high price of rubber we ought to be in a position to show still more satisfactory reports at the silk is $6 per bile between Yokohama and New end of the current year.. During the month of York, of which $ is the railway freight. Thus November 1959 your directors entered into a the Osike Shoseo Koisba could have received contract for the sale of 15,680 th of rubber, but it lowered the rate,to 5. As a result of this year as 21. zd. per ib-delivery 6,720 from this decrease, the Japanese company was pa-

- Captain Stevenson, in his defence, denied January to June and 8,960 from July to Decem-tronised, and the fieights of the American

that he had ever acted as pilot in Nagasaki ber. This, as you will probably remember, was railway company increased. This (according

barbour, except on the occasion, when the notified at the time. Management-An agree to the Japon Advorilter) was the reason ment was concluded with Mr. Lashington in why the U.S. company did not consent

After the sharp advance of 9/16d, in siz Captain of the Tenyogwaru was overtaken with working days, a very slight reaction occurred on sudden illness just before the vessel left port, agog and he is in charge of the Company's pro- perty. Further assistance now required and American Shipping Unlon,

China in Bombay on Saturday of a considerable the Company's agents are endeavouring to oh was thought that if the Osaka Shoten Koisha jain a suitable meo. They were unfortunate increased the freight rate, the volume of goods count of silver, which temporarily blunted the in not being able to retain Mr. Symonds, who

to be carried by the Japanese company as well edge of the Bazuar demand. The inquiry con. for a short term was on the estate as assistant, as by the foreign railway company would tinued, but supplies bsing fairly pleatifal, the manager. In view of the fact that in such a Com. gradually decrease, The siter steamship price remained practically stationary.

companies, which are members of the Ship. Each day substantial amoɗnts were dealt in pany as this where development runsinto a long ping Union, were dissatisfied at the attitu- and China was able to sell "forward silver time we bave decided to allow shareholders toed of the Osaka Shosen Kaisha, and they with some freedom at 24 9/16d. Meanwhile, have the foll benefit of the profits for the year il decided to cut the rate by half and actually supplies from America do not exceed the they desire it. According to the Articles of carried out the decision beginning with the average. It is stated that the prospects of the Association you may reduce the amount of this N. Y. K. teamer Kamakura Maru and the wheat crop in the Punjab are good, and a dividend if you with, but you cannot incrass P. M. steamer Mongolia which left Yoko bumper harvest is expected; such reports throw it beyond what your Board suggest. Before hama on April 27th. The competition was light on the robust character of recent buying putting the resolution to, páxs the accounts I expected to grow serious: In order to arold shall be pleased to answer say questions to the interviewed at Shanghai a representative of

a representative of the Oiska Sharon Kaisha for the Indian Bazaats. best of my ability.

Yesterday the stock of silver in Bombay, was the Milwaukee Railway Company, and obtain. Imported an 2,400 bars, excluding 2,600 still fa ed the latter's consent to join the Union. On Bond. ICE Monday morning the Oiaks Shosen Kaisha. A shipment of £25,000 has been made from proposed to the Nippon Yasen Kaisha to join San Francisco to Hongkong. Most of the and the latter forwarded the proposal to the Headquarters of the Union at Yokohama recent shipments from this quarter have found Thus the threatened competition was avoided.. their final zasting place in India,

In reply to a shareholder the Chairman said the actual details of the arrangemmat with re- gard to the redemption of debediates had not been definitely decided upon, but notice bad been given, under the powers which the director

&

to the Japaneic company's joining the Monday; its immediate cause was the sale by and be therefore took charge of the vessel;

il

because It

there being no time to take a pilot," On the other occasions te merely joined the vessels at Nagasaki 10 pilot them through the luland Sun.

Japan Chronicle.

Events Coming.

Toasday, 17th May. Sanitary Board meeting, 145 pm.

Wednesday, 18th May,. Auction sale of 477 bules raw silk, Na. 16 Godown, Kowjoon, 11 am.

Thursday, 19th May. Legislative Council meeting, 2.30 p.m.

Friday, 20th May, Day of Morning, dies non:

Saturday, 21st May,

|

STEAM FOR

STRAITS, ORYLON, AUSTRALIA; INDIA, ADEN, EGYPT, MEDITERRANEAN

- PORTS, FLYMOUTH AND

LONDON.

| (Through Bills of Lading Issued for BATAVIA,

PERSIAN GOLF, GÖNTINENTAL, AWRRI-, CAN and SOUTH AFRICAN PORTE.)

*HB Steamship

THE

"DEVANHA,"

Oaptalo H. Powell, carrying ls Majesty's Mails, will be despatched from this for BOMBAY, &c., on SATURDAY, the 18th May, 1910, at Noon, taklag Passengers and Cargo for the above Ports la connection wit the Company's 8.8. China, 7.9xa tous, fro Colombo, Partenon' sccommodaties to which vossal is kecorad before dapartats fraco Hons. kong

Sik and Valuables, all. Cargo for France and Tea for London (under arrangement) wil be transhipped at Gotembo, into, the | Mall steamer proceeding direct to Marsallm and London, other Cargo for, London, Ee, will ba conveyed via Bombay by, the K,M.S. Himalaya, Cur'in London on rach July, 1910,

Parcels will be recalend at this Office upt!! 4 2.M. the day before salilog. The Contrat and Value of all Packages are required..

For further Fartleniaws, apple të

& A. REWETT,

Seperinlendens

Hongkong 18th May, Jan.

NOTICE TO SUBSCRIBERS.

FROM and after 1st January, 1909, the rates of Subscription to the Hongkong Telegraph (daily and frankly issues) will be as follows

DAILY-536 per annum. WEEKLY~5is per annum.

The rates per quarter and per mensem; pro

portional. Subscriptions for any period less than one month will be charged'ns for a foll month,

The daily issue in delivered free when the address is accessible to messenger, Pext subscribers can have their coplas delivered at their residences without any extra charge.

Intimations.

THE

DAIRY FARM CO., LIMITED.

Choice Australian

BEEF, LAMB, MUTTON,"

RABBITS and HARES.

ASAHI BEER

SAPPORO BEER

TO BE OBTAINED

FROM ALL WINE DEALERS

*KIN.

THE PROVIDENT LOAN MORTGAGE 00; LD.

(CAPITAL PAID UP

AND

...$1,250,000).

Loans on Mortgage of House Property, &ci Goods received on Storage. Advances mada on Merchandien. Loans made on the Provident System.

Rates and Particulars on application),

THE OFFICE OF TRUSTRE, EXECUTOR OF WILLS, ATTORNEY, &c., Undertaker and Executed.

SHHWAN, TOMES & 00., General Managers,

Hinnabong, Jath Karch, renk,

A TOO STABLE. LEIGHTON HILL ROAD. (next to No. 1, Police Station),

AS established a SHOEING FORGE at

Fumes can be shod by EXPERIENCED SHANGHAI FARKIEKS by arrangement.

Shoeing of Horses and Ponies niso unders; taken at Kowloon un receipt of 'Ownnis',

PRICES: - At the Stables or anywhere in Hongkong, 51 par avímal,

instructions,

At Kowloon, $3 per animal.

A TOO STABLE,

Leighton Hill Road. Hongkonu, 231d March, igro

1372

JAPANESE MASSAGE.

On copies sent by post on additional $1.8 Maaseur MEIJI SHA,

per quarter is charged for postage.

The postage on the weekly issue to any pai.

of the world is go cants per quarter.

Siagia Copies, Dally, ten cents. Weekly,

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By Order,

THE MANAGER, Hongkong,Talograph Co, Ld.

→ „mokama, mond Thurambar (nek.

GRADUATE OF

KOBE MESSAGE SCHOOL.

ATTENDANCE AT PATIENTS' RESIDENCE.

No. 171, WANGHAI ROAD, GROUND FLOOR,

fg Hongkong, 10th January, 1910)

MACKEN

DR

ENZIE'S

BURTON ON TRENT

SPECIALLY BREWED

FOR THE EAST

STOUT

INVALID

DR. MACKENZIE'S INVALID. STOUT.

UNSURPASSED IN QUALITY AND CONDITION,

LIGHT, PALATABLE AND HIGHLY NUTRITIOUS.

BEST VALUE.

Per Case 4 doz. Quarts...

100

$18.50

20.50

-14.00

Per Case 8 doz. Pinta

Per Case 8 doz. Splits

海

To be had also per doz.

WINE MERCHANTS,

12, Queen's Road, Central

Moorkeur, isih May, 1919,

“Star Ferry Co., Ld, annual meeting, Telephone 186.

H. PRICE & CO., LTD,

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