174
PKAR TRAMWAYS CO. LID,
· ANNUAL- REPORT,,
The report for the year ending 30th April 1910, is as follows:-
,
To the shareholders of Peak Tramways Cöm-
proy, Limited.
Gentleman, The directors now beg to sub mit to you their report and statement of ac counts for the year ending, goth April, 1910." The pot profit for the twelve moribs,
after deducting directors' fees and Reneral managers' remuneration and providing for loss on subsidiary coins, amounts to
accoudi.
!
$36,809.58
2,204.60
To which has to be added the bal- ance brought forward from last no- coust... Making available for appropriatlon...$39,014-48 The directors recommend 'that a'dividend at the rate of 8 per cent, per annum be paid to shareholders, abinrbing $24,000.00, that $1,000. so be written off Rolling Stock, that $10,000.00 be written off permanent way and concession (now line) account and that the balance of 53,0r4.48 be carried to a new profit and loss Directors Hos. Sir Paul Chater, C.M.G., Hon. Mr. W. J. Gresson; Mr. G. O, Moxon and Mr. C. S. Gubbay, bavi g resigned, Sir Harmusjes. Mody, ba, Mr Heny Karwick Mr. J. Scott Hardtop and Mr. Simon A, Lovy ware invited to occupy the vicant sets on the Board, In accordance with rule 73 of the company's articles of assistivo, D. 1. W. Noble, Sir Hormujen Mody, Hon. Mr. Henty Karwick, Mr. J. Scott Harston, and Mr. Simon A Levy retire, but being, eligible offer them- salves for re-election,
Auditors The accounts have been audited, by Messrs. W. H. Potis ad a. R. Lowe. Mr. Potts and Mr. Löwe offer themselves for re- alection.co
HENRY HUMPERLYS,
Chalin.
Hongkong, 18th May, 1910.
'PROFIT AND LOSS ACCOUT.
For the year coding 30th April, 1910.
Dr.
Ta coals and stores
To charges.........
To maintenace and repair............ To rales, Crown rent and fire in-
surance 99
$17,616.50 3,396.B4 7,013,26
1,215.60
To salaries and wages......... To mortgage intersitan R B. Lot 80. To allowance in general managers to cover office tent and clerks' salaries
33,820.43 1,019.92
To directors' ice........... $1,500.00
cept. and gross earnings 5,021.14
To balance...
71511.14 36,809.88
To remuneration to gen
eral managers (per
By traffic receipts (after deducting.
Cr.
loss on subsidiary coins)......
By advectisiment rents ....
By rent acco
By transfer feet...
By interest
$,050.00
$100,422.96
THE HONGKONG TELEGRAPH
THE "STAR"; FERRY CO., LTD.
ANNUAL 'HERZING.
The twelfth annual ordinary meeting of this company was hold at the offices of Messrs. Gibb, Livingston & Co., this afternoon, for the purpose el receiving the report of the directory together with a stalement of accounts 10 301b April, 1910. Mr. J. W. C. Bonnar (chairman of directors) prosidad; There were also present:- Hon. Mr. Haory Keswick, Mr. J. Bandow (directors), Hon. Mr. E Osborne (secretary), Mesir, Ho Fook, Wong Kam Fuk, T. F. Hough, C. F..Xavier and D. Dorabjed.
The Secretary having read the notice of the mesting,
"ANGLO-MALAY NUBBHR,
ANNUAL MEETING,
The fourth ordinary general meeting of the Anglo-Malay Rubber Company, Limited, wat held on April 20. at the London Chamber of Commerce, Sir Frank A. Swettenham, O.C.M.. (the chairman), presiding.
The Chairman salde Beyond the facta stated in the directors' report there is little to tell you about the condition of the estates, for the excel lent reason that everything is in good order. I am sure that you have policed with satisfaction that the cost of production last year, including all charges f. o, b. Port Swettenbam, worked out at the low figure of 10 2-5d per pound. The The Chairman said:-Goutlemen,-The ra
health on the estates is improving and the fac pit and accounts will, with your permission bo tories are la good order, but you will under taken as read. The profit on working account, and that, dealing as we do with a large and in spite of heavier losses on deprecinted copper ever-increasing quantity of rubber, we must coins, is slightly better than the previous year continue to spend money on machinery. The due partly to the price of coal having fallen and partly to economies in various direc labour supply is good, the managing staff, is
able and energetic. loss: We propose with your approval to payThe estimated crop for 1910 is 700,000 lb. of a dividend of 7 from working profits and a bonus of 5% from interest account, the dis day rubber, and i may mention here that the board made contracts in july last year for the tribution of profit being shown in this manner, so that there may be ao misconception as to sale of 60 tons of 1919 rubber at 57. and per the actual proportion of your dividend pound and 30 tons at 6s 3d per pound--that is to say, we sold forward rather under one which has been earned by running the
third of the estimated crop. As announced Ferry, service, as distinct from outside annaces of revendo. The amount of $165,000 shareholders at the time, 30 tons of the 1911
FRIDAY MAY 27 1010
BANKRUPTCY IN AHE STRAITS,
DECREASE OF INSOLVENCY" IN PENANG
AND SINGAPORE..
The annual report on the Bankruptcy Depart mant for 1000 is published as a supplement to the Ganette, The report bears data February 14, and is signed-by Mr. D. Beatty as 'acting official assignee, who is now on leave. The francial statement (Singapore and l'epang) shows receipts 541,770, expenditure $18,708 The revenue in Singapore for 1983 exceeded that of 1998 by $7,475, the highest recorded since the ordinance, caine into oporation, In Penang the increase of expenditure over 1908 was $1,434. The revenue in Penang shows an increase over that of 1908 of $926 the revenue exceeding the expenditure by $1,612.
In Singapore there was a remarkable dei crease in the-number and importance of the bankrupicles with a consequent decrease in the amount of lusolvency, the revenue earned belog,
chiefly lú respect of bankruptcies which occur red in 1908 and the preceding years. There was also a decrease in the number of bank ruptcles in Popang.
THE YEAR'S WORK.
HALLEY'S COMET.
OBSERVATIONS AT MANILA.
A long-cherished scientific belief in the solid composition of the nucial of cumats was rele gated to the dust-heap of discarded astronomic theories this morning when Father Jose Algue and his assistant, Father Joba, Comillas, failed to discovar'a single trace of solid matter in the head of Halley's comet daring its passage bo fore the face of the sup, says the Manila Times of 19th just...
Despite a thin layer of clouds, conditions were favourable for the observations. of the scientists. The intense light of the sun was shaded by the presence of three natural sun spots which would have made the detection of solid masses in the nucleus of the comet a comparatively easy maltor.
But although the two observers stuck to their posts for almost three hours from before ning till after aleven o'clock they could God ng trach of solid matter of the only part of the comet which the world feared.
Their observations bave put an end to the scientific fear of the result of a collision be tween the earth and the head of a comet. Scientific dread of these weird visitors to our
an deposit with the Whaf' Co. will, to crop have beas sold at gå per pound. These metitions and 19 on debtor's petitions ; the total search, for any now facts which might shed
put, if not altogether, disappear from future accoupls me we are intending to place Sina,non on mortgage whilst a large part of the re mainder will be required for the new per al Ice House Street, which we hope to commence shortly. A shelter is being constructed in front of the Kowloon Wharf with the object of minimising the discomforts attending transfer to and from rickshas in stormy weather,
There were so questions.
The motion was agreed to upanimously. Mr. T. F. Hough moved the confirmation of the appointment of Mt. J. W. C. Bongar, J. Bandow and Hon. Mr. H. Keswick as directors,
Mr. Xivier seconded. Agreed.
contracts were ninde at a prudcot lasur.nce at a time whes the rubber market was in a very different position from what it is to-day and we secured thereby a profit on every pound of subber sold, which we felt it would be unwise to neglect. We propose to clear and plant yoo acres this year, and we estimate that the work will cost us about £3,500.
Our capital has been exhausted for some time,
light upon cometary laws.
COMMERCIAL.
WEEKLY SHARE REPORT.
"Raviawing the share boslonas for the' wack, Messrs. E. S. Kadoorie & Co. write on sist Last Owing to the cessation of all business esterday on account of the King's funeral, our circular in Issued a day later than mana?
Theta ara no special features to refer to and our market for local stocks remalas very inactive.
Rubbers: The week has spen, a steady ad- vance in values, Para Hard being quoted 101. 78. Slogapore.lls stili quiet but a better tone prevails with some Inquiry,
Banks-Hougkoog and Shanghai Banks- have further woïkaned and am now offering at $950. According to latest advice by wire the price at home is £99 15 Nationals romain at $76, with no business reported.
Marine Insurances.-Cantons continue firm and can be placed at $177), There are sellars of Unions at $140. North Obidas ard unaltered at Tis, ato and Ynogiszos at $200.-
Fire Insurances-China Fires have been sold at the Improved rate of $114 and Hong kaug Fires at $3471. Both stocks are: In xa- quest.
Shipping-Hongkong, Canton and Macao Steamboate have been dealt in at $35, with more shares obtainable. Indo Chinas are in good demand, sales at $72 having taken place. The price in London is unaltered, viz. £4.5/- for the preference shares and Sa.g/- for the or Mt. Mirador Chervatory at Baguio, where dinary. Douglas Steamships have again been bought at $33. Star Ferries have changed Father Corenas is in charge, was equally busy hands at $10 for the old shares, and at 5141 for at was the little observation tower at Antipolo those partly paid up. At the sngual meeting of the magnetic storm, now in progress. where Father Badorra in making observations-
to be held to-day, it is proposed to pay a divi as early hour this morning, the comet dand of 7 per cent, from Working Profits and a
bonus of 5 per cent, from Laterant Accoupf, "br prosented the spectacle vouchsafed to mankind
sides writing off boats the sum of $17,000, in historic timet, according to the astronomers,
Shell Transports have again boon desit,la to a ever gbserved since astronomers first recorded
considerable extent-sales at various ratei bará the visit of comets.
Shortly before five o'clock as the tail wasing bean made. We make the closing buying sweeding toward the earth at a velocity incon.price of
Refasties.-Chine Sugars have been ruling ceivable to the human imagination, its flaming rather quiet and shares are probably obtain. particles curved into the form of a projecting Arm, and in a few moments the atmosphere of the world was seething with the dilate parti- cies that compose it.
,in
and last year we wrote off out of profits £14,819 | faur interim receiving orders were made, of. The length exceeded 115 degrees, the fougest China Manilas remain dull with sellers at $3.
The Chairman moved the adoption of the 1381d of development el expenditure. Whilst we bad capital we charged the cost of main- report and accounts,
Mr. D. Dorabjee seconded.
taining all immature robber to that account, and since then we have made no real extens sions. It appears to my colleagues and to me that, having regard to the present high price of rubber and the large profits the company la earning, we must, with due regard to your isterests, either place a certain amount of the profits to reserve or pay for developments out Mr. T. F. Hough moyed that Mr. J. W. C. al revenue and treat that expenditure as ibe equivalent of a reservo. (Applause.) The cost el bringing the whole 5,000 acres into bearing is estimated at £79,000, which would be spread over the next six or seven years.
Boaoar be se-elected a director,
Mr. Ho Fook seconded.' Carried.
The re-election of Mr. W. H. Polts as auditor, was agreed to on the motion of Nr. Wong Kam Fuk, seconded by Mr. Xavier..
The Chairman: That is all the business, Kontlemen. Thank you for your attendance, Dividend warrants may be bad on application on and after Monday,
JAPANESE COTTON YARN.
EXPORT TO CHINA, Owing to the improvement in the quotation of silver since January and the lower price $97,513.01 of Japanese cotton yara'in China, the.export of 70.00 that product to China in the past four months 315.09 Anerated to mbout 115,000 bales, an increase of 13.50 about 60 per cent, as compared with the corres 2,112 45 ponding period of last year The yarn lately shipped was for contincts made during the past three or four months, says the Osaka Mainicht, and it is impossible to expect that sach results will be permanent, Nevertheless, as consider abit business has been done of late, the activity in the export of yarn to China will contlove for some time to come, and it is anticipated that the export this year will break the record, exceeding 100,000 bales. The expon each manth from January as compared with last year is as follows:-**
$100,422.96
́BALANCE SHEET AT 10TH APRIL, 1910
LIABILITIES. , ་
Capital Account:-
75,000 shares of $10
each.....................$750,000,00
Less uncalled, 5g per
sharo
08. $0,000
shate..........
Reserve fund...i...
450.000.00
Mongage F. B. Lot No. 80
Unexpired saison tickets
Sundry creditors
Proft and loss account
from last year......$ 2,104.60 Pecfit and loss forthe year 35,809.58
-$300,000.00′
20,000.00 19,000,00 4,080.5%
14,054.95
39,014.48
$406,150.00
1
ASBHTS. Permagent way and enacession (old ***
line).....
.......................... $200,000,00 Permnacat way and concession (new
line)
• 48,950.29 Stations, Crowalenacholds and build-
ings (Inland Lots 1317, 333, 134, 1335 1353 and R. B. Los 80 and 86)
Rolling stock.....
Office furnitur±EMPO DE Coals and stores in hand...
Sundry debtors
Cash in Hongkong and
Cash and compraderos'
Shanghai Book .........$79,671.56`
orders in hand
3,442.51
year, but
Mr. Walker said the writing off of 414,819 from development account meant that the share holders were losing that which would otherwise have been available as dividend, and this, sup plemented by the additiucul amount carried for ward, was equal to so per cent upon a capital of 150,000. He was very glad indeed to receive a'dividend of 80 per cent in respect of the past bad to be borce in mind that a good many shareholders had paid very bigh prices for their bares, so that to them the dividend retura was rather smal. The average. price received for their serul és 11 per puud was appreciably smaller than the figure shown by some other companies, one of which had realised 74 zid per pound. If the Anglo- Maluy Company had realised that figure for theirrubber it would bave ngant another £29,000 of income. He was not there to criticise the board, feeling sure that they had given their best efforts to furthering the interests of the shareholders, but he did urge that the policy of selling rubber forward should not be con- bound. They were told that go tons had been sold forward ibis year at an average price of 55 3d, whereas this week they had sold some of their rubber at 128 sid, so that someone was making a very fair profit out of the company. Mr. Duncan said it was quite possible that the forward contracts did not work out very well, because the price of rubber had gone up; but from the point of view of an or dinary business man, it was certainly well to March ******
secure a certain amount of profit when it was possible to minke It. Two and a half April
years ago rubber was at 21, gdì per pound, Japan Chronicle,
and when it was possible to make a contract LINGGI PLANTATIONS, LIMITED, at 56. or 5's. 6. it was quite reasonable to re gard that as a very, good price. Speaking, The following report of the directors and personally, he would say that if, by any chance, ibey could make a forward contract for the statement of accounts for year to 31st Decem whole of this year's production at the present ber, 1900, was to be presented at the annual price be would consider it advisable to make general meeting of the company held in the it. (Hour, boar.) Even if rubber went up to Lecture Room of the London Chamber of Comos, they would still be getting a magnificent merce, on May 2,
pront, it was not the business man's point of view to go absolutely for the last penny.
January..."
February.
1910, 1909, Bales Bales, 17,389 ..21,494
21,714 *7,781
16,560 19,310
... 33.394 ****** 30,500
The directors have pleasure in submitting their annual report and statement of accounts for the year 1409, in order to pay for the 35,356.29 Kamuning Estate and provide working capital, 34,806.25 further shares were issued during the year, 653.60 under review, and the capital of the company 653.98 is now fully subscribed.
Revenue. The total amount of rubber har 2,705.52
vested was 545,219 lbs. The quantity secured in 1908 was 284,87 lbs. The number of trees topped was 15,796 (including 39,165 tapped for the first time). The average cost of the rubber 83,114.07 fo.b. was 11.3.4d per th, and the average net
price obtained was 6.1-8d. per tb. $406,150.00
DESTRUCTIVE FIRE AT CANTON.
EXTENSIVE DAMAGE TO PROPERTY.
"[From Our Own Correspondent.]
ers whatves.
Chaten; 21st May,
A revenue of £5,375, 155 9d was derived from
sales of rubber seeds, tlo, etc.
The following tabulated statement may be of iuteras! :-
1908 3909 79,714 $51,706 3.57 lbs. 3.59 iba. 17.720... 11.330.
Number of trees topped Average yield per tres. Average cost per ib Net average price realised
per lb.
4/3.5-5 6.Bd. Kamuning Estate. This was purchased on At an early hour this morning, between 3 and 30 December, 1958, and a subsidiary company 4 a.m., a fire broke out in Tang, Yuen street formed to take it over as from 1st August, 1909, about five minutes' walk from the river steam, Cultivated Area. This has beso surveyed At the time of the outbreak a during the your. The opened are amounts to strong wind was blowing and within a short time 4,159 acres. Reserve 5,758 acres. Total 10,017 the fire spread considerably and soon a large, acres. area was involved. Most of the shops in this Estimate for 1950-The manager's estimate street contained goods of a soflammable charis Bgo,000 lbs. of which, up to 31st March last actor. Though the different fire brigades 179,000 lbs, had been secured. The manager promptly proceeded to the scene to render ne
reports
that the health of the' coolies through. isiance, it was beyond their power to combat cut the year har on the whole been good. the flames which, by the time of the br Profit-The balance of profit, as "abown by gades arrival, had got a firm bold of the build- the accompanying accounts, amount to £166 Juga in spite of the fact that the firemen | 743.16.5. Of this amount, the dividend of 7% were working energetically to subdus the on the preference shares and the Interim divi- fierce configration, it continued to burn, deads of 40% and 25% on the ordinary shares with unabated vigour, for hours, destroy adsorbed the sum of £59,200. Leavleg a bal ing shops in three neighbouring streets fance of £107,543 ±6 5.
When to the number of seventy-six în afl the firo was at its height, the flamesdend of 100% making 165% for the year, be could be seen for miles around and the scene paid.. Leaving a balance to be carried forward was one of awesome grandeur. A woman and ↑ of £17,543 30 5- a bady on her back could not make good their Dusing the year, at the invitation of, the escapa in time from one of the burning bouses directors, Mr Noel Tratter accepted a seat on and were suffocated by the smoke and perished the Board. The retiring directors are Mr. Noel in the famenė), 'Of the shops destroyed, a great Trotter and Mr., John Anderson, who being number were insured with the nativo co eligible, offer themselves for re-election. The operative insurance companies. Toog Blog auditora, Messrs Lewis and Mouniey, also stract, on which are sitasted a number of retire, sud offer themselves for re-alection.
• karosane oil stores, is just behind Talog Yeen street, where the fire originated. For a while considerable fear was felt by the people that the fire might spread to the kerolüne oil stores but fortunately the wind blew in a different direction "and no damage was done to the keroseng stores.
- ל :
.
Cannibalism in still practised in the island of Ambrym, in the Now Hebrides, where, eatly last month, a chief having died, the people Boined his wivas, butchered, cooked, and ste
The directors recommend that a final divi-,
1
►
V
The Chairman further said, with regard to the question of a new issue, that it would ap near that a majority of those present were in favour of an increase of capital rather thin of adapting the view which the board had put forward. He and his colleagues, however, had looked at the matter from all points of view, and they came to the conclusion that what they suggested war the most prudent method. He wished it to he remembered that if the capital were increased in the way sug gested they would not have all the money which shareholders seemed to think for dis. tribution among the shareholders. They surely could not suppose that any betyd in charge of the affairs of a prosperous company, or ang board that cared for their own reputatino, ‹ ould allow the whole of the profit made to be dis. tributed in dividends'year by year,
In Singapore, there were issued in 1909 133 planetary system has been laid away forever. bankruptcy notices as against 204 in 1908, Re-o'clock this moralog until after the comet bad The observers worked steadily from three celving orders were made in 62 caves as against passed from the sun's face. Every available 100 in the previous year, 43 on creditor's resource of the observatory was utilized in the number of petitions presented belog 76.2* against 1şi în 1958. In Penang, there were fled 76 bankruptcy notices, which resulted in the filing of 56 petitions-53 by creditors and three by debtors; 25 receiving orders were made. in Singapore four interim receiving orders were made receiving orders.w.em subsequently made in two caser, and of the remaining two ose was dismissed and one withdrawo. To Penang which two were withdrawn. In Singapore there were three compositions approved by the Court, Six deeds of arrangement were registered in Singapore, and thirty-three summouses for discovery were issued in respect of 37 estates 32 were served; of these 27 were proceeded with or pending at the end of the year, the ro malader being withdraws. In Penang, twenty summonses were issued in respect of our estate twelve weis served, of which five word pro ceeded with and seven withdrawn. Is Singa. pore, ten orders were made for monthly pay meats by debtors of portion of their salary to the official assigned for the benefit of their creditors. The District Court made ten ad- ministration orders isader section go; nu order under this section was made by the Sopreme Court. In Penang, three orders were made by the Court under section so for payment of monthly instalments by the debtors from their salaries for the benefit of the creditors.
¦
Ou application made by the official assigned in Singapore warrants were obtained under section 24 against six porns in five bankrupt. cies; of these three were executed, Ons warrant was issued by the Police Court Bader section 103, but the debtor was dot found. In addition to the difficulty referred to in paragraph 21 of the 1507 report, there is a farther difficulty that a Supreme Court warrant under section 24 has no force outside the Oniony and to obtain a police court warrant under section 203 praal is required both of the fact that the debtor has quitted the Colony and of the fact that he bas doos so within three months arst before the presentation of a biakruptcy petition against him or service of a debtor's sunimoas on him. There were five criminal prosecutions in Sin-. gapore, but wood in Penang, Teo orders were made in Singapore to undergo imprisonment under section 107 (u).
THE TURNOVER,
In Singapore, the grois estimated liabilities were $775,679 as against $3,186,332 in 1908, and the gross estimated assets were $146,736, 81 agalast $1,634,470 in 1908. The gross assets realized were $10,666, as against $436,835 in 1908. The estimated loss, to Singapore. amounted to $628,947, and the estimated loss per annum was $81.08 per centum as against $67.33 in 1908,
Ia Penang, the grois estimated liabilities in cases where statements of affairs were filed amounted to $871,944 an agaiunt $1,158,056 in 1998; the gross estimated assets totalled $176,
620 as agaivat $334,655 in 1908; lo these cases the gross assets realized amounted to $37,140 as against $2,488 in the preceding pear, that is 3.11 per cent, of the estimated liabilities as against 5.5 per cent. in 1988.
"In Singapore, 71 debtors were affected by the 6s receiving orders made. Their cation- ality was as follows:-European one, Eurasians seven, Chinese forty-nine, natives of India nine, Singhalesebone, Tapaossatwo,naturalized Japan- afe (a Chioaman) oce, Straite-boro Mubam- madan Tamil one. Of the 47 Chinese fourteza were Hokkiens, eight Tiechins, two Kbebs, four Cantousse, 17 (including one, womas) Straite-born, and foar unknows. In Panang, threa Eurasians, 14 Chinese, five Indians and two Malays were adjudicated bankrupts during the year.
COMMENTS,
Under Gentrál, Mr. Beatty remarks:-Tho
figures, although approximate only, as the statements of affairs from which they were isken, ate for the most part made out in a very optimistic spirit, show that the extreme depres sion to the local market, existing in 1908, began to pass off in the year under review; the posi- Upon a show of hands baing taken it was
tion appeared to improve slowly throughout the found that the meeting favoured the board's year, cative traders having learnt from the ex policy, and the Chairman added that unless a
periences of 1908 to restrict credit with the out- strong representation came from shareholders
ports, it must also be remembered that the who were not present he thought the board weakens Gionocially of the native traders had would carry out the views indicated by the been weeded.out by the events of the preced. vote, which had just been given in what was ing year. A feature of a number of the bank certainly fairly.epresentative.meclia-ruptcies occurring-in-gog-was-that-po-action- was taken against debtors until they had The motion for the adoption of the report was unacimously agreed to, and the payment ceased to trade or failed for some time; they of a fioul dividend of 30 per ceat, foss income. bed, therefore, the opportunity of collecting tax, making, with the loterim dividends, 80 per their good debts before their affairs had come into the hands of the "official assignee which cant. for the year, was authorised.
made the work of the office' in realizing assis more difficult. A number of debtors abscond- ed when their shops were noized by the sheriff or the bailiff of the District Court, and bank- ruptcy proceedings were taken to insure that the property saized should bi saved for all the credkors.
It was then proposed by the Chairman that A douation of so should be given to the Cey lon and Malayan Benevolent Fund, which was duly seconded and carried.
Os the motion of Mr. Eric Muliar it waS decided that a donation of £50 should also be given to the London School of Tropical Medicine.
STRÄITS BERTAM FORWARD SALES.
There has been a good deal of doubt felt here respecting the alleged sale forward of a portion of the Straits Bertera rubber output for 1911, the price for a forward sale being to, ex tremely favourable. We can only say that the And by the authority was a mail psper, German mail of Thursday, ovaning there comes a corroboration of the statement in the financial coloms of the Daily Mirror (April 18th), a paragraph in which reads thus su
In Singapore ona esteta come into the hands of the Official Assignes under Chapter XLV of the Civil Procedura Code; It was folly ad- ministered. The Assistant Official Assigoes, Penang, dealt with seven estater under the same chapter.
Attached to the report are various useful ap peadices, and details of, the receiving orders made in each'Settlement,—Straits Times,
"TIMES"" MAN AT PERING,
Peklog, May 15, Mr. Porter, of the staff of "Ths Times," is on a visit to Peking, His mission to Japan, which is now completed, was consected with the publication at an early date of a special Japane economic and commercial matters. It non-political publication. It is prlated in English and will consist of eighty-night pages. Mr. Porter's visit to Japan has given rise to various reports regarding ale work, but they nes withani (oundation.—224 (A ZA NOWE
THE FORT OF CHINCHOO.
Paking, May 17, "An important development worthy of note Mr. Hughes, engineer, has sent in a report is that the Straits Settlemant (Bartam) Co.n that the cost of establishing an efficient tport at pany has sold its production of rubber for some Chinchoa would be Tis. 7,000,000, time to come to the extent of two tons per raor these edition dealing with industrial, artistic,
It is understood that Me. W&D. Straight (the || of sheet and crepe' at sia per lb for delivery representative of the United States Gnancial from fannars to December, 1911. The sheros syndicate interested in Manchuris), is prepared were not ipfisenced by this statement, which is to advance the money in connection with the eloquent testimony to the remarkable' con scheme for the construction of the Chinchonfidence in the future of rubbar."---Singapore Algun Railway,—N, G, D, Non
Tres Press.
Outside of the observors, not a person
able at $177. Lazans are weak with sellers at $27.
Mining-Raub are now offering at $8, Oriental Consolidated Gold Mines, which for
Docks, Wharves, and Godowas.-Hoogkong and Whampoa Docks are easier with sellers at $59. Shanghai Docks bave buyers at Tia 77. Kowloon Wharves have been the medium of a fair business, the market closing strong with buyers at $59. Shanghal and Hoogkaw Wharves have been sold to the North at Tis,
Manila fell or realised the host in which the long time have not been dealt in here, are king of combis saterad our atmosphere. Atagalo attracting attention and there are buyers two o'clock this afternoon the last particle of at 36 Headwaters are in demand at Ps. 10,
after small sales. comer dust swapt'out of the earth's influence on its long journey back into space.
It is believed that magaetle storms caused by the proximity of the comet were responsible for the fallure of the electric current in Malate last night Lights were out for some time and street cars were stopped for a few minutes, Native fear of the comet reached a climax when the slectric cars, were forced to stop, a the stoppage came immeditely alter a loud clap of thunder, and many of the occupants of the cari, remembering the proximity of the comet, knelt in the cars and prayed for their safety.
The comet has come and gone, but for the next few weeks it will be the greatest astral spectacle of the world's history. Stretching over two-thirds of the sky, it will light up the heavens as they have never been lighted
before.
GREETING AND FAREWELL,"
power
to
123,
Lands, Hotels and Buildings-Hongkong Lands remain steady at 5102. Kowloon LandsTM* MA are still inquired for at $30. longkong Hotels are offering at S107 for the old and $33) for the new shares, Bhangbai Lands are on- Changed at Tls. 12. Sales of Humphreys have ‹- occurred at $84.
Cotton Mills-Enos, according to latast telegraphic advice, are quoted in Shanghal at Tigo. Other Northern Mills are unchang. ed, viz. Lau Kung Mows Tis, 74, Internationals Tia:162, and Soy Chess Tls. 250. Hongkong Cottons are offerings at Sił..
Miscellaneous.Green Island Cementa have been sold at $74 and 571, closing with sellers at the higher rate. China Providents have agala found buyers at S4. Hongkong Klac- trica, ate now on offer at Szo‘and China Lights at $ Watrons have changed hands at 36), but more shares are obtainable. Dairy Farm can be placed at $192 but there ars no shares: at present, Pulpa have been sold at $35 (local currency), Langkats have advanced to Tl. 475 and Sumairas to easier with sellers at
Tis. 120.
August descendant of the mighty Dead t.. Called to fulfil thy awful deniny: With all the heraldic pomp of fastal prido, A Nation's joy, thou wert anointed King, Child of a revered Memory, whose away Sixty long yours had caused to knit in one The peoples of a world wide Empire's might
Thy subjects paused expectant on thy will.
Beneath the far-spread mantle of thy
Rubbers-Anglo Malays have improved to The nation's myriad voices sigh'd for peace 32/9 Allagars were sold at 7/3 and at the closs Peace after that alero confici horo dark come slightly higher at 7/9. Eastern Io shroud
ternationals have had many inquiries 'and as Pailed in black night the cloilug days of her high as 50/- prem, was paid, but at the class Who yeara'd heart-broken in her children's buyers only offer 47/6 prom, Linggis bara changed bands at 65f- aud London Asiatics at Ween, happiest in angury, there shono,
180/- and 187/6, United Serdangs have had a Close ere thy coming, glimmerings of the steady rise and sales have been effected at 150/ Dawn;
Balgownies are quiet at $13 and Changkat To batho, lo broad aing shafs of golden light Serdange at $10. Glenealys are quoted at 53 The destined path for thy answerving fact,
and Pajums at $18. Pegohs have been sold at Noble shy vow! Most sacredly fulfilled. Sandycrafts have probable buyarı at 540.. High arbiter of all the nations' peace! To whose beaignant will and fast award With sole accord the monarchs bowed assent, Proud to acclaim thy stabled equity. Thou noble Justicert A briol decide Of years, a slender circle to enclose. All that aspiring heart dasigeed of weal And yet, instant in thy soliciting, Heav'n did vouchsafe to thy discerning power Such wealth of prosp'ring counsels as could
SCATOD
Ten-fold that season, hold in its embrace, Again a year, one little year, to quell The seething turmoil which disturbs thy, realm!
Would God it had been sol To weld in one The opposing factions of divided wills; To stem the envenomed side which lapped thy throne j
And stora before the Empire's mauhood so The bulwark'd destiny of the Imperial 'sway. Once more throughout thy capital resounds
United Singapores are quiet at $sj.
Exchange. The Bank's selling rate on London is 1/98.00 demand. The T/T. rate on Shanghai in 74t.
'GERMINAL" TOBACCO CO. THREE MILLIONS OFFERED AND REFUSED.
The "Germinal" company has jost received" and refused an offer of P3,003,000 for the fac tory and the company's, other interests in the tobacco business of the islands, reports the
·Cablenews American of 19th inst. The offer waS, made by two New York concerns, Independent tobacco companies not affiliated with the To bacco Trust.
On receipt of the order the management of the "Germinal". Immediately cabled the New York firms that the Garminal was not jo the market. This raply brought a cable from the New York people asking the Manila coma--- pany to name its price. No answer was rade to this last cabia.
The massured tread of thousands gathering, No futerlog walcome waver from balcony Or festooned vantage slie, badight with gay In the meantime word 'was received from Apparelling, to greet the glad approach, Realdent Commissioner Benito Legardt, who is . Of Britain's legions marshalling for review, one of the large holders in Germinal Company The greatest under thy supreme command that the New York firms ware wil og to put Reat God the Jau Belegg the serried Files P1,000,000 more capital into the business-and- And thronging Helme once more the Kinglet the control remain in the hands of the pres stot ampers, the New York concerns to take moves by.
The King! Aye, still, in death! Proud by charge of the distribution of the output of the by side,
In shadowy attendance welooming, Passes that mighty Saxon who did first, With prescient wisdom, from the slips set free "The keals, those far fora-zununes of thy Fleet;
He who at Crecy bravely smote thy name To victory; Harry of Agincourt; That valorous Queen who, heavenly-girt with storm,...
Hailed to destruction Spain's inviolable hosts.
These, with thy other Royal Progenitors, Erstwhile the - Generals of their People's stalo,
Ia solemn conclave with phantasmal trend Do marshall thes to thy last resting place Beside the beloved Dust, And in thy wako Cine-ordered, rank on rank, a 'gl!W'ding Staff Of England's greatest s kin from OVERSEAS. Chistest of all, to whom the Nation's hand In deep-most sorrow lovingly extends, The Noble Lady coronal'd with grace And beauty asal old, when yet thy Bride Radiant she opgerner'd to her will Each loyal service and devoted heart..
Fatewail, than glorious Dead! The pointed bourn
factory in the United States and to extensively, advertisn the. “Gormsoals #products thera, The million pesos of new capital in, this event would go into additional factories and the ac | quirament of more tobiccs estates in the Cagay
yan valley,
|
**In bla communication Sr. Légatda request- ed the local management of the Germinal to...await_bit_arrival before taking" defnita action on the latest offer of the New York con- carne. Sr. Legarda left New York "[unt" woul for Manila by way of Europe, He will' stop", | short time in Parss and probably come, on to Maulla by way of the trans-Siberian railepád.”
The present capitalization of the Garminat la P1,500,000. If the offer of the New York firms it accepted the capitalization would then be | P2,500,000.
Dr. Bautista Lim of the Germinal company discussing the matter said that he thought it " very likely that some inch proposal as the fast- one mide by the New York firms would ga through. In his opinion a great deal more |local··Filipino capital: would be put into the business, and also. Nag-Vork capital in addle aption to the Fr,000,000 offered by the dema mentioned and that the Germinal" company would be reorganized and granatyamlarząd and fully equipped to supray the new market open ed to the lobacco business in the
In to Valtad d States
Is reached, thy lab'ring steadfast to the close, Reat in thy poscal For the empurplad Helen
Carols afar lo Heav'n's deep sture vault The soaring bird's immortal song of Hope
The blossoming promise of an English May, MRS. Kata Russell, of Kent, has banden hed GIA. CORBETT SMITH, În ở, G; D. Newer | Lasooo for the g maintenance of a homatfor
komslow lonely. Lading:
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