1910-08-27 — Page 4

The

SBESTO

BAZAL AGENCE LD

„AMETAL" R* PÓRT,

report for prostation to the share-

HE HONGKONG T

GROWIH CT THE BUDDER INDUITLY THE

ef,

parts of the choir,kp

the list of our lavestment

SATURDAY AUGUST

Streidid Kfall of hamaest that, wa ware.

Pbranch of re

pressed in

"the

AWAY

Bholders at the fourteenth' ordiniry aucual drehe first ordinaru - mamtymenilog of the Ac bars,had many Jottlers; in fact, to tha sima sad the loʻsigder was consing op and overtaks

mesties to be held as the offices of Massis “Dədwal," & Co, Ld, Qreen's Buildings, on Wedoniday, the gist last, at 3 p mig B[8'61 taza The general managers kuva now tha plonsura to lay before the chatchsiders the accompany. ing statement of accom is for the year ended

ACCOUNTS

The balance at the credit of profit and loss account, after writing an fr.615, o for deprecia: 110s and faciddion $141.54 brought forward from last year, it folizes which it is proposed to appropriate as follows in, and To pay a dividend of $2 on ordinary

shares kravakusessa'ni ancamp,945.00 To General mansgara semuneration coa co To carry forward 10 naw'scgjual 'im. 471.43 $8,411,45

AUDITOR

The accouals now presented have baen audited by Mr. T. Mailland, in the absence of Mr. W. Hatton Potts; the latter, baing eligible, oders himself for re-election.

EODWELL & CO, LTD,.

Gioural Managers."

Hongkong, 16th August, 19:0

·DALINCE INSET, 31ST MAY, 1910.

·LY BLITIIS.

Capital 9,950 aidiyary shares of $.0, of which $; per share paid ons -100 Founders) aborantí

Sto fully paid monjos

Launches:

¿sato.

$19,600.00

1,000,00

As per last scconat... .. $6,113.81 Les written of

Furniture and Filing

389.94

As per last accoud..... 1,880.14 Sloce added.rumusetar 318,10 2.237.34 presne 7, 03.06

Leur written off

Value of materal en hand

in Hoogkoa, Stoga, pore and Shanghai...... Vasxpisod portion of la. surance policles....... Sundry debtorĘ DO Cash with Bankers.

Cash in band...inas

PROFT AND LOSS ACCOUNT.

MAY, 1910,

961.68

Wastein International: Rubber and Produce Trust, Limiter, was bald om tba 26th ufte at Winchester, Bouse, Old Trond Street, E:C, Mr. William F. de Bois Maclaren pissidingofa

The Secretry (Mr. W. Al Lack) bating read the police conveying the and the re fort of the auditoing

is

||

|

|

||

|

|

|

|

director instead of two directors, and laut

BUILDING COLLAPSAS AT CANTON

ONE KILLED AND BEVERAL INJURED. (From Our Own, Correspondent,)

CORRY.

astoni from which la'no Iba, color and 60 Its pit,trada, Vall; figures) like that far exceed anything that we consider we may get from tas.. riles that he thinks we have

Bat take it anoiber way. f notice that one Cg the list, and hints that a

the enterprisa el dibuis:

(of qué best and largest tea plantation.companies havn, got published, ihule Jain hivi kaffered: our trade ; we were falling bekind year by yea”, | issued its report at the asily part of this month or the mod of lust, and from it 1 gaiber that effect) Audiber min wrote me rece vadika ing us. Wh

they aru jditly proud of their plantations, letter yesterdayım hat zu bad, beau à l'opponer Well, there was or a branch of industry, I am number of their plectatione gave £5 80 SCTD

adtion; of MŰ Gress”? of the trust and the companies which and been $47, in bich, Great Britais sed no paed profit, but they had ass S'er-plantatlon, whichý (Menu GJA, Tončhu and Co. brought out, and that to "avöld raising the quotM Wake up! "od (BM WIN TUN TEREY 1998 á pichs of Ly per acre de But, taking pointedia De question at this meuing and beloging forward

plantatipa industry. This in a Bitlatz is that agile, how do i compare with rabbit? A catraordica caral meeting resolution antogositic to inctors, he dustry Churever you meat h. If you go: Ati od: 15 mil prest, andjakles ooty ronibs weld for the purpass cof pamlar solution bored that I would disclose at this meeting to the Malay Stated it la plainly to the ser, which ifsately reasonable the articles of the list of our investments: Gentismee, Bite by lajeany is you go to Caylon yan have a net profit of je par neses or gala haringan catatan ring The Chairman saldi Ladies and gentle will de morning of the sett." (Hear, bear) If the name there f if you go to the Durch of about six timas is much at what you get other particular testamos recor men, the company's original, issau, of capi- you like to put it as a question of confidence, Colonies Java and lumutra you fed the from lea I will put this way, ganilemes. tal was 950,and shares, upon which ins and soch a resolution be carried at this mealleg, same thing and so matter where you wo it is There are millions and millions of Bilith direct, it shall to sufficient if the seal of the per hate became payable prior to Tune at me say at once that you can find a new bland always a British industry, in that we have money lavested in tea which people are never company is affixed in the presence of ope 30th, 1910 and call of 21 64 per share and a new chairman

a reason to congratulate ourselves on the fact nervous about toy bare no shocks, and director get the instrument, y was payabin on July Tư, 19'0, making that think you will easily see the subɔu wby. that this great industry, which is yet in its ins qualms for their Investments Félure:fair disi-

The Chairman formelly propsted the resolut shares is ód paid. We have had opticus ex-- † have some experience of tuite inveumible Meer is British todostry, in paying that conda each year, Betsiz acres of ver in a good 1107) which was beconded by Mr. 1 rank Copal esci ed to therxtent of 50,097 shares, which sin

In alher directions and I have noticed that a lot bla is pre-eminently 'Britinis Industry, must year for tea is, after all, only equal to one acre antiled to participate to the dividaed accord of people like to have a list of the investmente, not forget to plads to cat friends on the Crin of bbir ihn bid year for rabber find, of man and greed to leg to the time at which thess, options were lthough they may not have a parangal interest loant with whom your trust works the Socle course, there may be a considerable apprecias proceedings exercised, and there bave been funser options in the trust, or although they may be lafcrasiad Financière des Cronichoucs, Gentlemen, we tion:in"the" output of rabbar ~1 might say, la | kxeici ed as at July Bal, which, of couar, do only to a very limited extent they like, to hayo, bawa reuion to congratulate ourselves bat wa tato my figuras may be considered to be exa“. not task for dividend, in the perment, year the information. It quils them very wall, They were daily in the field--); morn Filli b"plan"" "gerated; that i have thought it advisable to Then, as you are sware, we made an issue in think that they can do quite ma wall as the terembecause the enterprise of Moss, Buage place before yön figures given by Mr. Ruikers' Patit of 100,000 sharit, 30,000 mbarus at 96 62 trusis. They take the brands of the trosis, and and the Sɔcdé: Flannc à aides, Caoutchoucs fand the chairman of the Bukit Rajah and many piemiam, and 50,000 shares a ton, premium then do not trouble to loves in them to any very is simply magaidiçan, I know of nothing other Rubbs, and Tea companies. He is well That issue, sa perhaps many of you trG AWITE, large extent, and that is a matter which weight o squat it anywhere, and had we the British known and highly respected in London, was a sepsational succéan in- Paring; it was a very heav ly with on We do not think it is in the placter-pot been early in the field, undoubt throughout the country and abroad, and in ra- topic of discussion in the newspapers, interestsol thesherat older of this Company that adly these gentlemen would have got the garded as a man of sound and cousa Vallve

WAR Cantorsaand Abgustā, The afore, you see that now the present we shou d disclose the list of our lovestments; cream of the business that was going."," a views. Mr. Rotberford takes as a fale basis it about 11 p.m. on Saturday last, all of a issurd Capital of the company, is 430,592 However, I may tell you that the list 19% very have great assure in working with this society £30 54 as the cost of an acre of rubber brought andden, this lodging houses and one earthand shates, of which 100 000–that, je to: 517, we'l spread one, and our furds are invaated, lo

on the Caligast. They offer us a share of the imo beating The cost of producing rubber ware shop adjacent to one another, on the the Frau chissen of bes or share war- ouro, lufon,ca the safest and most conservative business, and we offer them a sbars" of our including all charges of every aɔn, ba 1878, new bund, collapsed without any Warning i rasts—are fully paid, and the nthers palily lives, and spreid over the Malay States, Coga business, and we are glad to know the fact that should not be more than is par lb, but be takes The report of the accident at once arobred, the paid. That leaves 10m8 62408 shares 05 lop, Java and Sumatra... It does not contais a they bays done extremely well with the share it, for the safa of safety, at is ad. On this basis whole neighbourhood, and in a short time 130 issued, over which the spion-helder bive B single bad thing.) (Hear, hear.) We mie not" of the business which they bave obtained from Mr Rutherford's dizures work out as follows :- Vicinity was crowded with a large number of right which expires on July 6, 1913, Tatalog in any way interested in may wild rubber pro us," and wa are also gind on our part that we With a yield meantims of only see lbs per acre, people. As the buildings cama, tumblleng to the other side, you will los that we receivas

positi ang lo every case our funds are invest-have done well, and we look to do still batter rubber af to 61 par lb that is not profit, but down, the lametes rushed out into the streat a presium of £43,750 in elf on that issue of ed in sound secorlifes which are likely to sp with the business which we have obtained from in allylaids 16 per cest.; at an od par ibu 64

for their lives and secreamed out at the shuss in Paris, and when we deduct the ex-preciate, as I think you may be very well antis" them, and from our relationship on thle side, per cent, i at 31 88 par cent. These figures are top of their voice Sure life. The oce $10,000.00 | | penies of the issue, that leaves 24,908 17 fed so far as that matter is concerned, I am dear, bear.): This rubber laduitry is a source only based on a yield of 300 lbs per acre, hat

correucs was al once lelephoned to the varie Reserve fond memacu 40,0005ood to the bearfi: of our reserva account Tha always suspiciook of the man who:wii'as to say of wealth 10 Givat Britaf5, › Last yðar some if you were to add, say,, another roo: Ibs, still

ous cherilible lostitutions asking for saslite Uoclaimed dividends.......

sco & is a fairly substantial som, and that, with the that he repratents 20,000 or 30,000 shares, and 4,000 fans of rubber came in from the planta- | taking the same reasonable figure, the exira ance, Za, suswer to the call the charitabl. Exchange fiscination account on 5 428 55 | money which we received from. Paris, win when I turn up the register I: find that his tions, and this year some 70,000 tons, but we - 100 lbs would add another 53 1-3 per cent to fapitations promptly asat a zumber of men to Bandry creditori suien ren med 21 919.59 | Immediately used, and used to vary consider holding is about 100 shares. I always look do not know what tonnage it will come to in the ñizares which Mr. Ratherford has given. the pot. The volunteers, on: kutiva', at once Reserve for bad sad doubtful dabis....

255-37 able profit for the company. Yet an d'v.dend at the list to see what holding a gentleman fature, but it will certainly grow to a very larga | We might also compare rubber in detail, but: 1

commenced operations ranioviør, the d Liria Bills payable. ................. 4.618.51 is payable on the shares in respect to the bay, and I can susuts yo i that we have had not figure indeed I do not know whether you only poposed to do so brießt, with cocoannis, regardless of the fatigue their work entailed Profit and loss account, balanco ................. 8,411,41| operations of the past fancial year; they | a few letters from gentlemen who white xay- have any idea of the importance of this industry which are so often called the Consols of the at that hour ef night Some two dezan par- only rank for dividend as from July 1st.ing they rip exent many thousands, and yet, and the amount of money invested in it, but I East and which compare so favourably with

930s were extricated from the ruins and they' $127,633.25. You see that the net resland profit was when I turo up the books, I find out that may tell you I bays taken some trouble to get our Consola, Granted that people in the East were found to be seriously infared; ons was 261,785 168 91, and it is proposed out if that to their holding is bot a very small one. i think at some figures in regard to the matter. For gol 8 per cost, erro per cent, from coconuts, dead. Some of the injured persons were taken wife, eff at once the whole of the preliminary the stject of those latters is sufficiently obvious. lustance, in 1918 new companies cams out with robber would again eblon in comparison. The to the Red Gross Seciety's home, the Kwang Expenses, amounting to £6,596 6s 6d, and to Now, a few remarks of a more general nature. a nominal capital e f £2,000,000; in 1900 rubber fa‚k is that rubber is unique, and I daly anyons | Wah Hospitel, and others, (st surgical treatment; pay dividends less locome tex at the rate of 2 1 | It is a very old & medicao saying, "Da nel put companici were fliated with a capliai amonet, to put anything in the East alongs do rabber... who's the dead was removed to the Canton per cent namely, as per share on those shares

your trust in money, but put your money in ing in all to £13,000,000, During the 'first' The prospects for rubber are good and sound, Fong Pin. Hespital. Throughout yesterday: 5,031.89 which are tos paid of the original initie, the trust," and I think the reason of that is plain, mont of the present year-igro—there wers and I do not think there can be any question the workmen were still engagedṣin" carrying

others, of course, simply ranking in proportion Nowadays, we bare specialising in every flated 14 laust companies with a to'si nominal about that,

'away the wreckage in the hope of recoveringa during the time in which they were paid, and branch of science, of art and of ledustry, cspital of over £3,000,000, and various rubber. i am sometimes asked why do we notʻtske: || anymore corpses that may be foundanderi), but they do not take a very large amoual,

Without that you cannot attain high efficiency, companies with a total capital of £10,000,000, an interest in wild rubber properties. I do ast none were discovered. It is believed that ika. Then, under the articles of association, there and, think that this obtains in rubber surely

But all these figures were aclipsed in the condemn wild rubber propositlacs out and out, list of casualities will'not'bs, a large que, is dan to the directóis a pēr cent. upon the as will'ns in other mittere,

second quarter of the present year, for dering for some may accted somewhere for all 1 amount distributed as dividend, which takes I have been very much amused when coming: 'the three months, April to Jude, 19ticst cóm

| know, bai zo far.ay I am concéăr ad they in no. £2,560 ga 6d, and we carry forward to next up in the train to read the day's financial news panies appeared with a total nominal capital of way appeal as me, and I tell you why. You year, aufject to tax, £ 6,437,91 983 so that papers, and to find in Il a correspondence that a £7,500,000, and rubber companies with a koow, what a subbär plantation) implies. - It you see in all we have to the good for next scaredileman who prefesars to be an authority, total cspitalisation of £1,200,000; that is to implies convenient situation, good transit, roads this fascinating dish is its deadliest form

To the uninitiated when first introduced to 79 319.07 the carry.fstward of Lit, noo, the £10,000 bring states that you may mike a bele la the tree and say, some £18,000,000 ward offered for sub and drains, that your estate, if your trees are ta

on board a steamship-curry moins rica and the amount received as premium as th>res, the rubber runs out, and that the tree to treated scription by rubber companies and rubber grow well, should be clean-weeded, that you

meat and all sorts of things, in fact tha 18,739.87 in the shares which we have not realised, sooner if you tried that. Another gentleman alght millions or so subscrited for what we call managers and labour may not suffer, that which goan to make perfect dish," Later

610.16 and I might add a substanti.I appreciation is done for in ten years. Well, it would be much trusts this year. Even if one deducts the have good water so that the heal h of your

whole mass of Indigestibla nigghtiness 1,672.11 amounting at the time when we closed cur stales that they did without an expert when wild rabber propositions, there still remains you have your bungalows, your hospitals, he gets, to realise that the curry is merely 444,27" | bosks to £131,000. (Applause.) la reg rå, të they baught their extate, and a jolly good estate | the substantial sum of $10,000,000.. But wa And all buildings and comforts, and then, the hot portion of the dish, the rest in prii this amount of appreciation, Imay say that we it is, don't you see? He added that exprits might go even a litle further, As some of the if your astain is will managed, you get good and sambols and prawa, or other varieties. $137,623.25|| have taken nothing whatever for options, be contradict each other-one will do this and trusts formed were oil and robber companies,turas. Bat supposing that this estate bad The encyclopaedias are strangely, allant on Cause we did not pay caab for them, yet they bother will do that. However, the general we might dedoct as a fair amount a funher head allowed to be evergrown for thitly the fact of cesty, most of them contenting 31ST will be of considerable valno when we exercisa concensus of opinion in that expert advice is | £1,000,000, but that would still "teava.

or so with jang'e, sopposing your themselves with toma vague remarks to the them later on...I might for her say that while very useful, and you should have it in a trust, £18,000,000, which, when all issues are paid manager's burgatow was situated 500 miles effect that curty or curry powder is composed 144.94 this app eciation of 4134,000 was the apprecia Wall, bow does our trust fare le that respect? up, would be available for rubber companies from the estate, and separated from it by im of termeric, ginger, pepper, chilles and other 150.00 tion at that time, and his not mate islly faten Most of the members of your board are concoming cut this year. I think it no wonder, penetrable Jungle, supposing you had no condiments. As a matter of fact you may have since-in some instarcel they have risen, and arcted more or less closely with the subber therefore, that the publ'e have had a little ft of houses to live in on the estate, and supposing a mild curry if you like, but the chief als aud 1,653 60 in others they bave co-it' does not, our. Indray Most of them have been abroad in of indigestion, from which it has a some you had to drink water from swamps and bad and in life of curry is to be hot, and tuiry is opinion, repierent the valas of our hold the East and have gone over the plantations, time to tec ver. Still, that shows the importa mortality of so per cent, per annum, as cally the ethereal idea of heated spiciaess luga. Some of these abates, of wich we and soms of them several times. The ance of the rubte: industry, and shows that cording to official figures, has been the case in S1P,359.27 hold a substantial amount, are, we think,members of your board are presented on the there is money available for sound enterprises: Brazil-if you suppose all these things then you have dined not wisely but too wall on tha rather than the actual dish itself. When you worth many times more than the figures whi b boards of at least 40 diffe eat well-koown I do dot say that all that money is going out suppose a wild inbber proposition, and that aftros tinted variety of rice, with various other 341.54 biva been put upon them. I misht further say rabber plantation companies and, therefore, I Do not imagine for oza mament that it is going does not attract me in any way. Gentleman, in:acemant to commit iba sia olindulgence, you 4.00 that, owing of the closing of our fascial year think you will see that we are fairly well in the out to start new plantations A large amount think that the prospects of rubber, scd of sound would be surprised if when complaining of the 15, 13.43 at that time, we were rather unfortunate know; that we have the advantage of belog of it is bring used to buying up shares in returns from it, are so bright, that any man who consequent unhappy feelings, you were told.it in this way, that we received no very large able to ju 'ge of the basines which is offered companies previously issued, and which the allows himself to be frightened out of his invest was not really the curry that was to blame, but 510,359 97 | divider ds from our holdings, and the amount to us, and to value it on fair and conservative holders parted with doubtless at a substantial ment at the presatt, or at any other time, in

Is practically irrespective of dividends on shares lines. (Heat, hear)* Further than that, wa pre fit, In other cases, be money goes in buy very foolish indeed. I do not think that the would be so surprised because he naturally in- the rice and other solids,, At least the griffin which we hold since the books were closed bare opportunities which no private investor log plantsions long held, perhaps, in private Stock Exclangs has dens very much for clades in the term carty the whole dish. But. may tell you that we are receiving to-day a fair could very well hops to have. We have offered hands, but for which the owners are willing to rubber. But for the assistance gly by the as a maller of fact the curry does not harm, ba dividend from one company in which we have to us lians of shares; we gst preferential allot accept a reasonable or ao pressosable, price Stock Exchange many of these wiry wild good sickling op any modely sensitive parts of an interest, and we look forward to receiving meats, and the underwriting of good business, as the case may be. Well, all this money rubber concessions existent, or non-existent the swallowing apparatus on its way down I very substantial dividard indeed later on from both here and on the Continent, and altogether || icvested in rubber means, and will mean, thất In whole or part, would never h vo been basica which lies heavy on the chest, lika: Booth's company, in which we have a large wa manage to do in that way what you will, i a golden stream is pourleg into this cousity Hosted. The Stock Exchange lives to deal the memory of love's first quartal or the extra hold.ag so that you will see that things are daressy. considor fairly profitable builders. as it is so pre-emlusutlý a British industry, fro account to account, and although the place of Chester cake of one's youth. The even in that respect, considerably better than Now, I do not know wäether you have though! Even, gepitemen, when the output of rubber prit and futurs prospects of subber are 10 they look. I have board a good deal of satis- what a short life, so far the rubber ledustry has rises, as it will for some years to come, and zoo and the industry is placed upon a sound cate and it was with apprehensions that I en

other day I saw a small child 'quiing Chaster faction expressed in some papers with regard had. It is a matter really of any 65 year. It purhips set in the far distant faire, today foundation, it has no special attractions for the quired haw it did next morning. When told to the dividend of 20 par cent, and a good deff is true that there were various curiosities made 100 con toss per annum, it will all be readily Stock Exchange. They like to dail le mac of dissatisfaction is absis I have had a very of rubber in the early years, and that in taken op of that 1. have not the slightest count, but, of course, they know their own busi thank you" I recalled memories of our awa with evident surprise that' it, was quite well; voluminous correspondence on the matter. 1701 Mr. Samael eel, by means of a turpentine doubt. When the output rises to schets, and we should know oar. As I say, no youth when with two pieces of Gaster cake, Some people do zo appear to be pleased. Just solution, managed to make a sort of waterproof figuro sa that, and giving, say, a fit of te osa should be frightened out of their invest pickup of Argal's food and two large bottles of before coming to the meeting à letter came bat the usethed was á raugh one, and the goods - od per lb nat, that would mean a profit of Whatever my sriend has mentioned into my hands, in which a gentleman-Scots had a sort of forget-me-not amell-something £15,600,000 a year which would come into this ket. Rabber is sta fairly bigh price. We may whole of a long Saturday in Highgate:woods, mtats by any of the ups and downs of the maratons ginger beer, we were prepared to play the to the condition of these re-called emi man-said that he had bought his shares at like Limberger cheese and therefore were not constry. I do not know whether the Chancellor well admit it that it is at high price, and that being is tura Jack the Ripper and all victimti grants, how they realise their passage moaGY 24 prem, and thereier, he did sat sbisk in any way populer with the public. There of the Exchequer is present on the back this will not endur: for ever, but I have shown Alay what happy days does childhood Opcod and how they dropihemselves into the bands that 20 per cent, was good enough, Well, I ware other methods used for making a few benches, bot, anyway. I have no doubt be will you that if's huary fall in the price of rebber Bot to retors to cosy The Igreed books of their fellow sharks, the brokers, it is abso- did not get him to buy shares. He buys them articles from rubber, but, as a matter of fact, be glad to hear if such a good thing, wh should bring it down to lass than one third of fall us that the people of the Fast display the Intaly time that all those emi racis ate from

at any figum beʻlikes in the market, no doubt, it was not until 18,4-5—which is some 65 yrâti I bave sometimes beau asked, "How is it its prasant price, it would give subs an:ial divide preatest wisdom la eating hot things in a hot the poorer cirises of India and thus they bare he will do very well Bot I think in per cent ago that patents were taken out for various then, if subber in such a good thior, that the ends such as you can secure from nothing also, climate. There same learned people ar an other means of making up £10 for the is a very spbitantial dividend indeed to pay la processes of vulcanising rubber. Thee rubber choran rice have not got bold of it do and, therefore, no-one seed be neu vous in this mingine of the opinion that the Eastrear by passage, except that they rigolear to sell their the Brst year of the company's working. (Hear, became a commercial industry, bet att until

Bot what to tread on anybidy's crat, but matter. The fatore of rubber is st sound as instine! choses just the apparently mist ing leads or houses to iter wel «ff neighbours, hear,) erionally I would not mind paying then. It was in rifg that the bicycle appeared I think that that is founded on an entire mitcever, and treaty years from new I have to appropriate things. But that is a silly error inta They one and all are ignorant of any kind of less, because I think that some of the money with rubber tyres, and I daresay many of you ooception My idea of the chosen race is doubt that the demand will still tax the supply. which the learned are often likely to fal, for the knowledge and from this, it could easily be ould go to for her building up the reserver will remember the experience, such as had that race which usually supplies the Leaders no matter how large the supply is, and I hope pisin truth of the matter is that the Easteteer judged as to how much idea of the F,SA, or As a trust company, in my op pirn, we should myself, of having to fix on the rubber tyid when of the Gorerament and Opposition, the Arch that twenty years after this your trust will still fakes his carry for the very excellent reason 18 at tbe territory beyond they can be expected to keep a certain amount of the men'y in band, it became detached by melting the cement bishops of Canterbury and York and och be earning large and substantial dividends for the European takes his O. T. M. or O. TOfor -pomors. Their number is incra sing day by for what we shou'd look forward to rea in with a red-hot poker is whatever local ty you well-known robber people as Fatherford, Kyou. I now have to propose That the any of those other admixtures of volatile opfris

day and every steamer of the Indian lice brings tus company is that it should grow year afar happened to be at the time de more varying from few teas to two or three year in strength. So far as I am concerned was in 1888 that the Dunlop Pneumatic of others whose names you will find at the the directors and auditors' reports for the paried here and elsewhere in the Eat In plaa

Arbalboot, Wilton, Wood, Fraser, and a host statement of accounts and balance sheet, and and water sa dear to the supporters of the hundred into the Colony learn from the and I am a considerable holder of shares-pent was takes ont No ons dreamt of the forefront and head of most rubber enterprises, safed fase 30th, 1910, be adopted, and that words cuny bolus bot and spicy, akcin passengers arrived yesterday by the seam would have been quite content to have received success that that would become. It was merely Contiemes, I am sometimes asked, "What of dividend at the rate of 70 per casti ar per when prope dy bittered Himentofron that there were more than a hundred more modest dividend, say, & per cent or an adjunct to another business, which they in the fatora of rubber? What will happen 10 share, ha pud on the origial liste of 250,000 petival faculties and an inducement the stoma men landed in Hongkong, and that about 300, something of that sont, and to have used the tended to fall back upon if it failed, bat it grew, rubber, and what is going to happen to our shares. Also that a dividend at the like rate to bellers it really wanis "bat taibme scorn after hearing the condition of emigration going money for the purpose of earning still bigger and it has become, under skilful, handling, the dividends fa 1015-16-17 and in year after or the 50,977 abares issued in exchange for not but really does Aut muler af fast the on in Hongkong have returned back to india dividendsy from Singapore and Penang. Of those who Yeu will remember that after this. French kusw what the demand for it will stop it will rubber may fall to sa per lb it might even fall dates o payment be made in ponry of the fag of digasing Entitl gigantic industry that it is now. We do not wards? Well I ray, What of it? Well, but options exercised calculated from the Various stomach really deas want it but him ative here not more than 1% pass the Doctor's as was made somn prople grombled and grow and grow, and will grow. Almost every 10 20 68 What then? Dividends suntly Mr. Percy K.Read seconded iba mation, Inder itself into the idea that it does not really examination, and even out of theso 10%, 30/ asked why our shareholders should not have. Wahiela that you see in the streete now is run-") should be safe then... ;) notica that the chales Gan bardly be expected to land in the United, got the opputasily of tubscribing for it here. ning on rubber, excepting in the case of the man of another timt said that rep'e werp Mr. H. Gomper's asked whether it would sat need any stoking to stand thestrils (the day Stalde, and the rest about ye%% hava to be *Why wix it not divided amongst them heaviest traction, but the day of thist, I have no to forget that there warn otter thin, besides: ba passible to call up the uncalled amount dee work. Carry, it will thus be saro, nitiE A VENONS brought bick to the shores of this Colony again. Wall, I have taken the ptins to teira h my deabl, will soon coms. Well, this enormous robber suitable for investmentantes, for exam on the shares which were held by English shares- able role in the drama of Asiatic life had libera Ani haval raid they are quite Ignorant, and memory, and to see ex cily at what price our and ever-increasing demand for subber had to ples. Well, we should not lose sight of say. Bolders, so as to make all mbares, fully believs it is contended, it tends to produce the very little blame can be attached to skum, bus shares stood when we took in band the bar. be met." It was inertible, that to meat this thing) bope we shall not—which is saliable paid. As it Mood now the Paris shares cofonoaste siste of Inisinal organis from the point of humanity I beg you to rogaining, for this lace, and 1.6ind that at that domani fresh supplies, bad to be got from for the investment of the fonds ef nitrust like would get a dividend on the 20s to prevents people bittier, the maily! sider their cata when they are brought bich to time they stood at 55 premium: That being so, some source or other, and by one of curs. Bet jet us compare for a moment ira the whirea, the "English": abúreholders ihan on the head or legs, for fear the thpies of Hongkong and bara felt nothing we thought at that time we were dilew a good these strange coincidences, of history, which and inbbar. Let as compara iea under its best would only set'il on sas 6.5 which was a matter odetale, and painfully sudden decr of the cash they had procured by a very pitiable thing for this company when we got premiums you sometimes read of, events were moving to conditions and in the very bast younwithabber that ought to be avoided. He was with the cover balazs jelegni pult of mans: Most of them are deprived of their of 74 td and 103, in 7ddition to the fact that we ment arch other. It was in 1776 that the first "adder its worst condition and in the worst years, board fn refusing to disclose the list in loveste of melore our beras There are the houses ard lands where they used to liva and had to pay so interest no tha moday for in year sends of the Ilavas Brasilianuis were seat from and let us att how the comparison standing in mints, but he had no doubt individual shara" who take to culty really sere got a living, for sentrations, but can have no which money wa were able in use to the advane Kew to Carlon and Singapore and planted regard 16 tea, you are doleg well if you ret baldars could obtain Infomation, regarding many of us goira ons llose more scress to it now.. la this not far worse tage of the company. I think that what I have there, and it was a few years later when those sa prr 16, meat, and you are doing magnife their levasimasts if they applied at the cots, considerably lecnevenliac "skin"bat wa call "cruelly "20d said petty well disposas of shat criticism Atareda, had grown to treas, and the trees bed, candy If you are getting sa par lb pr. ft., Wely pany's officat, With inference to what the even take to it each day, b anting the above matter le view the Com- any rate the board thought it was is: The Inborgs stad, that, the sted was distributed to bar weld in get from rubber if it fair to chai, man had said regarding tea, howe wis like mich enthusiasm after a miitse of the Indian Temple, Hongkong, haa Terests of this compin that the issue should | faron ed plantors. In various dir'ricts, when at 64 per 1) 1.5. With the cost of production at 10 was as an old plitter thast li was per

dp there are few of us who ed dressed the General Manager of the Pacific" be made in "Frases * We further, anticipated. Diplop was taking out his patent for painimas 10 per 1b, that leaves 11 63 per to sat profez. iron that a pechy of så pår. tb

without galting, bein Mail Steamship Company that more care shit wo wruld get considerable" support for tic tyres, i think that was a ver; strange cola. six times as much for rubber fa a bid year, as be made, but the higher tha

devertheless :wonderfoldn shou d be exricited by the company's officers armurf our schemes on the Continent, and we cidance, I may say to this connection that you would get for fer under the best copallions. The quality of the taxisIEWA

Wlik plenty or pk world in socepting these PASSEDZET/I and whenever have had very izraŭ support ba the Contis ent, when one siñicts upon the amount of monry in a good year. Ob, but somia will sYA

Teas on which to large s prot

Birect (here is a caso of returning of any of the pab. I think that partly wall covers the principal which has beau made out of the rubber planla hups, that is not a fair comparison bacapre

1a1sia through some dissbility, the officer who points in regard to the accounts. Imightaita tlom ladustry by an many companies and by D you get so many los of tes from

less than on bility foranch a passene that we biva done very good business sin #themany.privme inditiduals, it does appeara little my experlance of texnod

le by the Com accrusts were cloud, and we look forward to, strange to me that nu tangible lestimonial has of general kooriad gu

doing very well in the fature. - 1 my ny that wvar bren given to Mr. Wickham, who braught, im re teal plan

To Interact......................is

Auditor's fee

1. Depreciation for year ending gist

MAY

Balance

By Balance from last accoon!

Profis on trading.

Transfer fees ..................ONALEIÐ

CORRESPONDENCE.

8,411 41

We do not necessarily endorse the opinions expressed

by Correspondenta by this coltann. } INDIAN EMIGRANTS>'«"

TO THE EDITOR as the "Hongkong TelrokaPH," "

SIR,-lü substantiation of the statements of Four corresp ndeat" An Exile" under the head ing of "Ladian Emigration" in your paper of the gib inst., & respectfully beg you for a space in yeur fame possessing paper, in order to insert

the following factiam

Sp

11 was not began o'l was in'aBY WAY}

garding the ability of the compan

picfits, and to be l

|

thean winds from Brei] 10 Kaw, and why was an ACET

the menus of gulobishing this industry, 1iblük", resul

There the wind

Fassi sapce to many abarekoldeis

were the Jainations of abs calling tipsiusmount will das ady olíkem #rud.BAYA Lo

where Aber a

[und to!