1910-08-23 — Page 5

THE HONGKONG TELEGRAPH TUESDAY AUGUST 23 1910.

time they stood at 59 premium. That being so, but the method was a rough one, and the goods we thought of that time wa were doing a good had a sort of forget-me-pol smell-something tblog for this company when we got premiums, like Limbergar cheese--and therefore were not of ya (d and sos, la cddition to the fact that we

in any way popular with the public. There bad to pay no interest on the money for a year

were other methods used for making a few which money we were able to use t'the advan-anicies from rubber, but, as a matter of fact, tage of the company. I think that what I have it was not until 1844-5-which is some 65 years said petty well dispones of that criticism. At ego-that patents were taken out for various any rate the board thought it was in the in-processes of volcanising rubber. Then rubber tereats of this compony that the issue should became a commercial industry, but not until be made in France We farther anticipad then. It was in effg that the bicycle appeared that we would get considerable support for with subber tytes, and I daresay many of you some of our schemes on the Contineat, and we will remember the experience, such as I had have had very large support on the Coatheat. myself, of having to fix on the rubber tyre when I think that partly well covers the principal it became detached by melting the cemeat

To-day's Advertisements.

NORDDEUTSCHER LLOYD, BREMEŃ.

ŊIMPERIAL GERMAN MAIL LINE

NOTICE TO CONSIGNEES.

~HE Beamship.

"BUELOW," having anired, Consignees of Cargo are hershy informed that their Good, with the exception of Oplum, Tressure and Valuables, are being landed and stored at their risk into the hazardous and/or extra hazardous Godowns of the Hong-

palats in regard to the accounts. I might state with a red-bat pokor in whalevar lócality, you of it is being used to buying up shares in The prospects for rubber árs good add sound, kong and Kowloon Wharf and Godown Com-

I shink, you will can ly see the reason why I bave some experience of trusts investments In other directions and I have noticed that a lot

of prople like to have a list of the it vestments

happened to be at the time.

i

an adjunct to another business, which they in-

|

pany, Limited, at Kowloon, and West Point Godowas, whence delivery may be obtained:

No Claims will be admitted after the Goods have left the Godowns, and all Goods remain logundelivered after the geth of August, will be subject to rent.

to be fall in the Gedowns, where they will be All broken, chased, and damaged Goods are examined on the 30th of Argost, at 9:30 AM.

might go even a little further. As some of the per cent.; at 35 88 per cent, Thats figures are tiasts formed were off and subber companies, only based on a yield of you lbs par acre, but we might deduct, a fair amount a further if you were to add, any, another too lbs, atill that would still löava taking the same reasodable fiure, the extra 7,000,000, but £18,000,000, which, when all issues are paid 200 lbs would add another 33 1-3 per cent to up, would be availab's for robber companies the jeres which Mr. Rutherford has given coming out this year. I think if no wonder, We might also compare rubber in detail, but I therefore, that the public hare bad a title fit of only poposed to do so briefly, with cocoanuis, of indigestion, from which it has taken some which are so often called the Consols of the time to recover. Still, that shows the import-Eat and which compare a farcurably with T nace of the rubler industry, and shows that our Consols. Granted that pople in the East there is money available for sound enterprises get 8 per cent. er io per cent. from coceanuts, I do not say that all that money is going our rubber would again shine in comparison. The Do not imagine for one moment that it is going fact is that, rubber is anique, and I dely anyons out to start now plantations A large amount to put anything in the Fast alongs de rubber. companies previously issued, and which the and I do not think there can be any question It was in 1898 that the Dunlop Pasumatic holders parted with doubtlest at a substantial about that, “.

I am sometimes asked why do we not take pa'out was taken out No one dreamt of the profit. "In other cases, the money goes in bay. success that that would become. It was merelying plantations long held, perhaps, in private an interest la wild rubber properties. I do not hands, but for which the owners are willing to condemn wild robber propositions out and out, accept a reasonable, or an unreasonable, isica for some "may succeed somewhere for all as the case may be. Well, all this money know, but so far as I am concerned they in bo waited in subber means, and will man, that way, appeal to me, and I tell you why. You know what a subber plantation implies. It a golden stream is pouring lato this country. as it is se pre-eminently a British industrys implies convenfest situation, good transit, roade Even, gentlemen, when the artput of rubber and dinine; that your estate, if your trees are to tits, as it will for some years to case, and grow well, should be clean-weeded, that you perhaps not in the far distant future, to say have good water so that the health of your 100 000 toos per annum, it will a'l be readily managers and labour may not inffar, that taken up. Of that I have sat the slightest you have your bungalows, your hospitats, doubt: When the sulput sites to such pand, all buildings a comforts, and then, figure as that, and giving, tay, a pcfit of if your crate in wall managed, you get good 68 per lb not, that would mean a profitofaturas. Bat supposing that this estate bad 13,600,000 a year which would come leto this brea allowed to be evergrown for thing country. I do not know whether the Chancellor years of so with jangio, supposing your of the Exchequer is present on the back manager's burgalow was situated goo miles benches, but, anyway, I have no doubt he will from the estate, and repainted from it by im FOR SHANGHAI, NAGASAKI, ELOGO penetrable Jungle iupposing you, bad no be glad to hear if such a good thing.

houses to live in on the cftae, and supposing you had to drink water from swamps and bad a mortality of 30 per cent, per annum, as ac cording to official figures, has been the cars in Bil-f you suppose all these things then you suppose a wild subber proposition, and that does not attract me in any way. Gentleman, I thick th. t the prospects of rubber, and of sound retains from it, are so bright, that any man who allows himself to be frightened out of his inrest-

cidence. I may say in this connection that

when ond reflects upon the amount of money

which has been made out of the robber plants- tien industry by so many companies and by so many private individuals, it does appear a little

ment at the pressut, or at any other time, is very foolish indeed. I do to think that the

All Olalma must reach us before the 4th of

September, 1910, or they will cot be re- cognized.

.

No Fire Insurance will be afected. Bill of Lading will be countersigned by the Godemigod.

NORDDEUTSCHER LLOYD,

MELCHERS & Co., General Agents. **

Hongkong, a3rd Augast, 1910,

NORDDEUTSCHER LLOYD, BREMEN, IMPERIAL GERMAN MAIL LINE

AND YOKOHAMA,

THE Imperial German Mall Steamship

* BUELOW, Captain Formes, will leave for the abs places TO-MORROW, the 24th. August, at 10 AM.

For further Particulata, apply to'

NORDDEUTSCHER LLOYD,

- MELCHERS & Co., General Agent. Hongkong, 23rd August. roro.

17

BUILDING COLLAPSES A7.

CANTON,

'CNE KILLED AND SEVERAL ‘INJURI D (From Our Gion Correspondent }

Cantor, 22nd August.

Entimations.

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THE

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that we have done very good business sin'e the accounts were closed, and we lock forward to duing very well in the future. I may say that, it was not because I was in any way nervous regarding the ability of the company to coo tinne earning profits, and to be in a position to tended to fall back upon if it failed, but it grow pay zo per cent, next year, that I would be and it has become, under skilful handling, the content with a more modest dividend. That is gigantic industry that it is now. We do not not the case, decium we have practically go

know whes the demand for it will stop; it will that 27 per cent. for next year already, if we grow and grow, and still grow. Almost every Choose to pay it. (Applause.). Then there is vehicle that you see in the streets now is zon. Another matter I wish to refer to I have reming on rubber, excepting in the care of the ceived a very large correspondence, which heaviest traction, bat the day of that, I have no might just as well dispose of tight away. I doubt, will soon come. Well, ibis enormous have received very pressing letters from various and ever-iccreasing demand for jubber had to pics of the country exa essing the hope of the he met. It was inev.tsble that to meet this writers that, we will at this x celing disclose demand, ferah supplies bad to be got from the list of our lovestments. "One gootleman come source or other, and by enn of writes hit be thicks, we have reasons for coo those atrange coincidences of history which caling the list, and hints that other trusis thai you sometimes read of, èrants were moving to have not published their lists have suffered. meet each other. It was in 1876 that the first We have had many loitters; o fact, to the same seeds of the Bevda Brasílicosis were so at fram effect. Aruther man wrote me--I reco ved the Kew to Ceylon and Singapore and planted letter yesterday that bo bad been a supporter their; nod it was a few years later when those

I have sometimes been asked, How is it, of the trust and the compactes which had been seeds had grown to trees, and the frees bad then, if rubber is such a good thior, that the brought cu, and that to avoid raising the borne seed; that the seed was distributed to chores rice have not got hold of 1 1 do question at this n eating and bringing forward favoured planters in various dis ticts, when

not wast to tread on anybody's citas, but a seaolution aptagonistic to the directers be Dunlop was taking out his patent for pneume-1 thick that that is founded on an entire mise hoped that I would disclose at this meeting tic tyres. I think that was a very strange coin. aception. My idea of the chosen race is the list of our investments. Gentlemen, wo

that race which usually supplies the Leaders will do nothing of the cost. (Hear, hear)

bishops of Canterbury and York, and such of the Government and Opposition, the Arch you like to put it as a querlion of cor fidence,

wo'l-known rubber people at i utherford, K and such a resolution be carried at this meeting, let me say at once that you can find a new board

Arbuthnot, Wilson, Ward, Fraser, and a bout and a new chairman.

of others whose pames you will fad. at the strange to me that go lang.ble testimonial bus forefoot and head ef most subbre etterprises, Stack Exchange has dens very much,for ever been given to Mr. Wickham, who brought Gentlemen, I am sometimes asked, "What subber. But for the assistance givia by the there steds from Brazi to Kew, and who was the means of establishing this industry, think the future of rubber? What will happen to Stock Exchange many of these very wild it looks rather ungrateful, and if any support rubber, and what is going to happ n to cur iubber concessions existent, or non-existant dividends in 1915-16-17 and 'n years aber

in whole or part, would never have been should be forthcoming, I should be very glad wards? Well, I ray. What ifi? Well, ku

floated. The teck Exchange likes to deal so contribute to any fund, so as to give to Mrubber may fall to 31 per fb; 1: might even fall frem account to account, and although the Wickham sometangible acknowledgment for the

Didends surely present and future prospecia of rubber ara so services he has rendered not only to the rubber to 21 66." What then?

should be safe then. I notice that the chain good, and the industry is placed upon a sound sudden, three lodging houses and ore caribene in drinking the cheapest and most industry, but to this country. (Applause.) You

Il remember that when our present Kingman of another trust said that'pe pe were apt loundation, it has on special attractions for the to forget that there were older thin, besides Stock Exchange. They like to deal from ac-

ple. Well, we should not late night of any, css, and we should know our. As I say, no thing-( hope we stall not which is suitable one should be lightened out of their lavest vicinity was crowded with a large number of for the investment of the funds of a tiu like ments by any of the ups and downs of the mar. people. As the buildings came tumbling car. Bollet us compare for a moment trake Rubber is it a faily bigh price. We may down, the lomates rushed out into the street and rubber. Let us comparates under its brat well admit it that it is at a high price, and that for their lives and secreamed out at the conditions and in the very best years with rubber this will not enders for ever, but I have shown top of their voice "Save life." The 'oc under its worst condition and to the worst years, you that if a beavy fall in the price of rubber corrence was at once telephoned to the vari and let us see how the comparison stands, In thould bring it down to less than one-third of ous charitable institutions asking for ant.t regard to tea, you are doing well if you get its pretest price, it would give substantial dividance. To answer to the call the charitable sd per lb profi', and you are doing maguleerde such as you cen secara frem xothing else, insitutions promptly sent a number of men to Well, there was one branch of industry, I am cently if you are getting 3d per 16 pr fit, Welland, therefore, no one seed be ne vous in this the spot. The yolunteers, on arrival, at once. glad to say, in which Grest Britain had no need what would you get from rubber if it failst matter. The foote of rubber is as sound as

commenced operations remoring the debris to quota" Wake up," and that was the rubber

as 6d per lb. With the cost of production bi every and twenty years from now I have no regardless of the fatigue their work entailed platation industry. Tais is a British lo

1 per lb, that leaves 1* 63 per 16 net prof: doubt that the demand will still tax the suppis, at that bour of night. Some two desen per durry wherever you meet it. If you go six times as much for rubber in a bad year as no matter how large the supply is, and I hope sons were extricated from the ruins and they SOLE AGENTS: 10 ibe Melay States it Is plaibly a you would get for tea under the best conditions that (wenly years after this your trust will still were foued to be seriously injured; one wis British lodunty; if you go to Ceylon.

in a good year. Ob, but some will say, per. bo carning large and substantial dividends for dead. Some of the ir jured persons were taken the same there; if you go to the Dutch haps, that is not a fair comparison, because

to the Red Cross Seciety's home, the Kwang ycu. I now have to propose :- That the Colonics-Java and Sumatra➡you find the time thing; and no matter where you go' it is

you get so many lbs of tea from an acts, Well, statement of accounts and bilasce-thret, and Wah Hospital, and others, for surgical treatment, who the dead was removed to ths Cinten my experience of tea-and I shlık it is a matter the directors" and auditors'reports for the period always of British industry, so that we have of general knowledge-lo ibis, that there are enced June 30th, 1910, be adopted, and that a Fong Pia Hrapital. Throughout y:sterday

dividend at the Kate of to per cent., vz, 21 per reason to congratulata "ourselves on the fact mire tea plantations yielding urder 100 lbs share, be paid on the original issue of 254,000 away the wreckage in the hops of recovering the workmen were still engaged in carrying that this great industry, which is yet in its in- an acre than ever that figure, and whatever shares. Also that a dividend at the like sale any more corpses that may be found underit, but faccy, is a British Industry, In saying that result you get frem a tex ̈ ̈plantation on be on the 50,097 shares issued in exchange for this is pre-emincatly a British ladustry, I must ou put in pounds, you will get a stault far options exercised calculated from the various none were discovered. It is believed that the not forget to altade to our friends on the Con exceeding that from a rubber plantation dates a payment be made

| list of casualities will not be a large one. ciocnt with whom your trust works-ibe Socié é from robber in pounds weight No one yet Financière des Cloutchoucs. Gentlemen, we knows what the output of a rubber plantation have reason to Congratulate ourselves that we will be; -We have so plantation yet in full were early in the field moan British plan- bearing, and with treas which have realy tera--because the enterprise of Moon: Bungeerived to any large extent at a matured age and the Sic & Financ è e das Caoutchoucs simply magnificent. I know of nothing oxqual it anywhere, and had we—the British planters-not been early in the field, undanbt edly these gentlemen would have got this cream of the business that was going. easything that we consider wa may get from fea.thale investments if they applied at the com

Although they may not have a personal interest In the trust, ar akhough they may be interested only to a very limited extent they like to have the information, fruits them very well. They think that they can do quite as well as the trusts. They take the brains of tha (rusis, and then do not trouble to ir vest in them loony very large rx ent, end that is a matter which weighn|| very heav ly with us. We do not think itizia the Interessol beshire' o ́dersofitis Comparythat we should disclosa the 1st of our investments

At about ri p.m. on Saturday last, all of a

ware shop adjacent to one another, on the new bund, collapsed without any warding.

whole neighbourhood and in a short time the

cama bick from his tour round the world some rubber suitable for investment-len, for exam. Count, bu', of course, they know their own bast. The report of the accident at onca aioned the

few years ago now, he said his messege to the people of this country was, "Wake up, Eng inod!" Well, at that time the newspapers were full of laments that wo ware be eg' pressed in every branch of science and industry by the foreigner: that German techtical education

and the enterprise of othe.a wore taking away

However, I may tell you that the list its very wa i spread ope, and our furds are invested, in ou o, Tolon, the safest and most conservative les, and spierd over the Malay Stairs, Ceyourtrade; we were falling behind year by year, lon, Jaya and Sumatra. It does not contain a and the i, eigoer was coming up and overiak single bad thing." (Hear, bear.) We are no

In any way interested in any wild rubber pro- positi na. Su every card our furde ato foveat ed in sourd iecurities which are likely to sp. precia e, I think you'may La very cil satis find so far as that matter ́is concerned. Fam 'always su· picļous of the man who writes tosky that be represents 10,000 or 30,000 shares, and when I turn up the register I find that bis holding is about ico shares I always look at the list to see what holdioz e gentleman bas, and I can assure yo i that, we love bad nai a few letters from gentlemen who wri e say- ing they pescat many thousands, and yet, when I'lura up the books, 1 fid out tha

their holding is but a very small one. I link the alert of these leiters is sufficiently obvious. Now, a few remuka of a more general nature. li is a very old é meicam saying, "Do not put your trust in money, bui put your money in tust," and I think the reason of that is plain, Nowadays, we have specialising in every branch of science, of ori and fir dustry, Wi bout that you cannot attain Fish efficiency, and I think that this obtains, in robber surely as w. 11 as lu olber mitters,

ing us,

Osa biars from all pasts of the East of trees, and I have myself seen some trees which here arrived at the age of, say, to to 25 years, the output from which is 20 lbs, 50 lbs and 60 lts per tres. Well, figures like that far exceed

But lake it another way, 1 oo:ica that one of our best and largest tea planfa in companies insued its report at the early part of this month or the end of last, and from it I gather that they are justly proud of their plantations. A number of their plantations gave £; an acre an profit, but they had one war plantation which gave a profit of £7 per acro se.. But, taking that sgain, how does it compare with robber? At 18'64 a 15'dei profit, and takir g only 400 lbs to the scie, which is surely a reasonable fgure,

I have been very much amused when coming op in the train to rend the day's fican.ial Lews- paper, and to find io il e corresponder ce that a bave great pleasure in working with thisracinty gealleman who professes to be an authority, on the Continent. "They offer us a share of the flat s ́hat you may make a hole to the trea and business, and we offer them a stare of cur The rubber uds out, and that the tree so treated business, and we are glad to know the fact that is dore for io ten years. Well, it would be much they have done extremely well with the share sooner if you tried that. Another gentleman of the business which they have obtained from sistes that they did without an expert whet | 98, and wo ará also glad on our part that we thay b:ught their estate, and a jolly good estate have done well, and we look to do still better it is, don't you see? He added that experts with the businces which we have obtained from costred'et each other-one will do this, and hem, and from our relationabip on thla side, another will do that. However, the generat | (Hear, bean.) This subber ledustry is a source concensus of opinion is that expert advice is of wealth to Great Britajo. · Last year some very us ful, and you should bays it in a trust 4,000 tons of rubber came in from the plants of about six times as much as what you get Well, bow dres our trust, fare in that respect ?tions, and this year some 16,000 too, but we do not know what tonnage it will come to in forure, but it will certainly grow to a very large figure indeed I do not know whether you

Most of the members of your baird are cot- pected more or less closely with"the robber Jedraby Most of them have been abroad in the East and have gone over the plantations, and soms of them several times The inembers of your board are represented on the boards of at least 40 different well-known

❘

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you have a net profit of £10 per acie, or a gain

from tea. I will p is this way, gentlemen. There are millipas and millions of British masey lovested la tea which people are rever nervand about-hey have no shocks and no have any idea of the importance of this industry | qualms, for their investments return' fair divi. and the amount of money lovested in it, but I dends each year. But six acres of ten in ́s good may tell you I have taken some trouble to get | year for ten is, after all, only equal to ose acre at some figures in regard to the mailer. For of rubber jo a bad year lor, rubber, and, of tostance, in 1918 new companies cams out with course, there may ha a considerabia apprecias nominal capitale £2,000,000; 1989 rubber rion in the output of rubber. I might say, in

have opportunities which no private investor could very well he pa to have. We bare offered tous lines of shiness we gat preferential allot- ments, and the underwriting of good business, both here and on the Contintat, and altogether wai manage to do in that way what you will, 1|| panies appeared with a total nominal capital of £gi ga us the cost of an acre of rubber brought

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Mr. Fercy K. Read seconded the motion. be possible to call up the socalled amount doe Mr. H. Compar ́x asked whether it would ṛot.

on the shares which were held by Eogliati share. bolders, so as to mike all shares fully paid. As it stood now the Parin abares would get a dividend en the 201 10 the watrers the English sharebriders would only get it on iss 61, which was a matter that ought to be avoided. He was with the board in iefusing to disclose the list in invest ments, but he had no doubt individent share: |holders could obtain informatica regarding

pany's offices, With reference to what the chai, man had said regarding tes, be would like to say, as an old planter, that it was perficily bs made, but the higher the yield the lower was fine that a proft: of yd per ib might sometimes the quality of the les. It was only the grown teas on which coʻlarge a profit was at all pos- sible and where the yield par acre was very much less than on the lower avalons where the crarset fras were grown,

Mr. Tevey said that it would be of material

assi troco to many sbarzbolders if they keew what were the is'astlons of the board la regard

Events Coming.

Wednesday, 24th August. Auction, Government Stores, Army Ordo. acco Stores, to a mi

agreeable Table Mineral Water

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Large Bottles"...............$3.30.

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Hargkona, 18th July, maio,

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at the Premises formarly wccuplad by A CHIE & Co. 17A, QUEEN'S ROAD CENTRAL.

GENERAL UPHOLSTERERS AND FURNITURE

(47

IMPORTERS AND DEALERS.

“ROOKERY, Cutlery, Electro and Silver Plated Glass and Iron Wares of all descripilons, always on hand, for sale or os Bard Concert at the Botanical Gardens, by hire at moderate rates, the Band of the Boff, 9 p.m.

Hongkong, in June, rgia,

Meeting of Licensing Board, 2.30 pm.

CLARETS.

Eu

To make sure of your Claret being good,

to calling up the amount still due on the skires. it is advisable to buy only Wines from a well-

a

mesting the call, and, therefore, it would be Many of them would have to make provision.

convenicare to know what was the policy of known Chateau: Messrs. Hanappier and Co.,

the board in regard to that matter,

The Chairman, in reply, said he could not pro

mise when the cap! al would be called up. They

they could see their way to employing it most would no' call it until they needed it, and unth of Bordeaux, are one of the best known firms

ad antageously. However, the directors would give ampla nolice,

The resolution was then put to the meeting of growers and shippers of Clarets. Their famous and cattled unanimously.

Mr. Howard B. Figgis Dext propcaed: "That

Mr. W. F. de Bois Maclaren and Mr. B. C. Wines (from the cheapest kind to the very

H. PRICE & COMPANY, LTD.,

rabber plantation compin'es and, therefore, think you will see that we are fairly well in the know that we have the advantage of being companies were fluated with a capital amount. ckto my figures may be considered to be exag-|- Bucknall by re-elected, directors of the com- able to juʼge of the bising.s which is offered | lug in all to Li1,000,000. Durlog the firstgerated, that i bava thought it advisable to | pany" in us, and to valus it on fair and conservative montis of the present year-1910-there were place before you figures given by Mr. Rother motion, which was unanimously agreed to.

Me, Frederic J. C. L. Talison-seconded the

best obtainable) may be had from lines. (Heat, tear) Further than that, w floated 14 tinst companies with a tolal'Domins) fard, the chalman of the Bukit Rejab and many colite motion of Mr. Grean, the auditors capital of over £1,000,000, and various súbbar qiker Rubber and Tea compiales. He is well (Hesus, G.-A. Touche sad Co.) were 3010/ companies with a total capital of £10,000,000. || knowa and highly respected in Leador, pointed,

But all these figures were sclipsed in the | throughout the country and abroad, and is re-}|

“An extraordianty goveral meeting was then second quarter of the present year, for during garded as a man of sound and conservative held for the purpose of passing. & resolution the three months, April to June, 19 trust.com views. Mr. Ratherford takes as a fair basia altering the articles of associaif n, dhecting that in the case of certificates for shares, or any into beating. The cost of producing rubber, other particular instrument, if the directors so including all charges of every sort, he says, direct, it shall be sufficient if the seal of the should not be more than is per lb, but he takes any affixed in the presence of one director: instead of two director, and that It, for the safe of safely, at is nd. On this basise | director signs the fommument age Mr. Fatherford's figues work out as follows | The Chairman formally peop:sed the resola. with a yield meantime of only 300 lbs per acre, tios, which was seconded by Mr. Frank Cope- rubbar at xa 61 par Th—that is, not profit, kut KM EN } The proceedings then tormiamode"-Zhe Fin- in allmyigida 16 per centig at as ad par lb. de " exclara

- daresay, Consider fairly profitable businern. £7,500,000, and rubber companies with a Now, I do not know whether you have thengbi total capitalisation of £10,000,000; that is to what a short life, so for the rubber industry has my, come £18,000,000 were offered for sub - Chad...it is a mit'er really of onty 65 years. It scription by rubber companies and rubber yayis time that there were various curiosities made to this year. Even if one dedects the sound rubbar in the early year, and that in eight millions or so subscribed for what we call 91417mm Mr. Hamuel Feil, by means of a carpenting wild rubber propositions, there still remains ti splation, managed to make a sort of waterproof | the qubstantial sum of 610,000,000. But we

12, Queen's Road Centrali

Hongkong.

5 per cent Discount allowed on large quantities,

Telephone No, 1950

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