1910-10-08 — Page 3

NOTBS BY 188 WAY,

CRITICE OF THE GOVERNMENT.

The unofficial members of the Legislatie Council contians "to amure, themselves by directing stray shafts at the contents of that little billed * wx of anticipated uprises known

THE HONGKONG TELEGRAPH SATURDAY OCTOBER 8 fora

We have also had the advantage of the cousi- dered views of en siderman of the London Council on” this, complicatad, matter. He blames to some extent the direction In which the Wall murs, saying: “The Mall runs nearly cast-porth-east, and the palice must face along it. The result of this is, that af or ren o'clock in the morning there can be za play of light and shada upon its fide; mailaths bright

ST108HPH'S COLLEGE.

ANUNTANT QUATIC SPORTS.AG

St. Joseph's College Swimming Club held their static sports this year at Stonecutters on Farurday. The timer in the different evanis of the day war the 150 Yards Championship of were poor owing to the choppy sea. The event

MALACON RUBBER PLANTA TIONS:

ANNUAL REPORT."

scarcely capable of, explanation, unless:It ba upon

the ground that the high values previously obtaining were largely the result of manipola tion, and of this there is no suficient evidence, Three or four months ago no doubt was enter tained as to a maintenance of high values for this year and bixt year. Sales of soil and even 1912 crops ware easily negotiable, and a bails fit the Valuation of the shares of producing comprales was provided upon which foll

of their disap & MOTE VIN straight and

The directors Were As an those of kay com

pany in the world. not take any notice of pri only the result, to disappolated

He then at such people should spallinglihout gevier & tongue. move a hearty, vore of thanks to the Mr Frank Jones said he would (Mr. A. Copeland) of chairman.

The ordiatry general meeting of the Malicca Robbir Plantations, Limited was held on 6th Mr. G. B. Dodwell (chairman of the Septic at Winchester Homer, Old Stree', E.G.,

Real Hongkong's budget, The Estimates: Biller the sommer day, the more gorgeous the the College which, osly thras competed for and presiding, PA Modulapeculation; rested, o Without any warsleg, vote, and they ought to be fully satisfied

While it in underg sing its usual ordeal, it in.io must it appear as a dead dark screen blokleg Beresting to obserra the views of the unofficial out the sky and closing she viste, Sopards to spare from the second boy. On the members of Hongkong's" législative bodys At he ruggests the cutting out of the

whole the day's enting was very successful and the last-mteting of Council on Thurid craire, to let as bave a look through

the St. Jouphlon njoyed themselves in afternoon, the hon. member representing the Ent if the derman a yearning for a good musely. The officials Presiden Chamber of Commerce waxed indigonot over viste the complete removal of the palace would cells, and Aus Starter!) RIVE DIOL the Rev. Bro. Directors fudg's Rey, Bros. the shabby treatment meted out to the Colonyby the Rosperial Goveremant with regard to theel his views balte If shit caot be dont, Paul and Disilbers; Timekeeper Rev. Bry,

ast suppose le is not possible evas for a wild oplam gession. The subs'antial contribu

aldermau of (be London County Council to tion" of which so much way mate now appears at er the course of the sup, or to twist the saith

The results are as follows :—— SO YARDS FOR TOYS UNDER 12 YEARS OF to be the sum of ab ́u a lakli of dollars. That may appear equitable in the eyes of the Ime some manner, more convenient for Back

A. Baumann perial authorities but the latter's attitude of ingham Palace,, we had better leave matters AGE. baughty indifference does not exicily coincids alone. Indeed, so foog sa the present front with the views of the official members of remains the less that the sun shices on it the better, for the building resembles Giltart's Council by raaton of the fact that the losses attorney's elderly ugly daughter, who could incurred la respect of revesne derivable only pass vory wall for foity-three when sbo from the opium traffic era much greater was in the dusk with the light babind hur, (ft. that the amount of compenstion" voted by will be readily seun that the remedial measures the House of Commons, which ran iberzina auggested here are not so simple as in the case scarcely be considered adequate for the Col of the "feest site) All this is very instructive ong's crying needs. However, it is not likely reading in Landon, they even try to alter the that our voices will reich the distant, walls of

course of the sun, pal Wasiminster, Time alone will demonstrate the fallacy or oberwise of a policy which has bren aptly described in the words "O:h'r people's ve morala and our money.”

A MUCH MALIGNED BODY The Policy Force of the Calosy n so came lo for a good all of cʻiticism at the hands of some of the sobicial inamburs during the Budget dis. Cussion, The statement by one of the members that Europian ladies could hardly walk on the sraers owing to frequent caves of assault was too far-fetched to merit much consideration," "Apparently, it was too sweeping a declaration, to bear the impresi of truth on the; İRÇO of it and was probably founded on incor- rect information. Ris true that the stato of affairs complained of does obttim to

■ certain extent but the trouble his cer- tainly not reached those dimensions as are suggested by the words of the hon. member la question. Apropos of this, the fact that the Police bavi received do, reports as lo the alleged strange doings of an am"rous band of Indians at Kowloon sheds an interesting light on the ramuks which appeared in the im noriat columes of one of the jouronls pab- lished to the Colony. The insolence of chair- bearers and rickjka puller, however, is an ancient and glaring nuisance, and their coa duct, as one of the unofficial members put it. truls sbowed a contempt for autherly, if that authority la indeed aver exercised. But the matter is essentially one to which the gené1a! public should, move, the body of the

Police being practically helpless to abxto sho Buliance to any appreciable degree. The pro› seat Police Force would ind red vegnire to be doubled or trebled before all the fittle, dé Tioquencies committed every day in the year by- this incorrigible class of people could possibly come under their notice. If every local ro sident took the trouble of bringing before a local Magistrate, but once a member of this Insubordinate s clios of the commusity, the change would be automatic, as it were, and would surprise 2036 10 greatly' as the unke- liavers themselves. Tutin Hongkong, I most once again repeat, at the risk of being accused of redundancy, everybody's business seems to ba nobody's business

THE KOWLOON FERRY FIZZ.

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Casual CritIC-

THE DAIRY BARM CO., LTD.

-ANNUAL REPORT,

The report for presentation to shareholders at the fiu teenth ordinary yearly meeting, to be held at the Company's Depot, 1, Lower Albert Road, on Saturday, 8th just, at 17.30 pm,, is as follows :—- ..

The directors hare with present to the share. holders a wa'ement of the Company's' accounts for the year ended 3:51 July, 1910.

The profit for the year, after writiög off $3,387 97 for depreciation and bad and doubt, ful debis, and providing for directors and auditor's fees, amounts to 56,31064, from which it is proposed to pay a dividend of pan dollar and twenty cents pir shira, absorbing $18,0 0; ti jan.fer to catili seierva fürd Ste,coa; to fire and typhoon iptorance fond $4,000 ; and to carry forward $3500ą.

Dlectors-Dr. J. W. Noble and the Hon. Mr Edward Osborne retire by rotation but are eligible for re-election.

Auditor bo andaxed accounts have been andited by Mr, E: J. Chapman, FA.., in the absence of Mr.W. Hutten Poils, who offers himsall for co-ejection at this meeting..

J. W. NOBLE, Chairman,

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST JULY, 1970)

Dr. July 31st.

To Directors' ad'l auditor's fees......5 - 2.707.00 Repairs and ra swa'lam... 5,813 05 Land coltivation & improvement 1,417.16 Loss on subsidiary colus..... Written off:-

ון

"

Bad and doubtful dubia $1,651.98

- Sharo investmeDIE

594.00

Bollding! .............. ping s

3,800.73

Furniture, machinery

7:7.32

nod itorts...oni 2:173.36

8,387.97 ...................63 350.64

Cr.

C. Cerone A PREMA)ALARI The winner won mailly with over 5 yards to spare from the second boy.

100, YARDS FOR Boys ander. 15 years of age.

J. Huakmanikirača ispevajo, METAL pult, Baumann renneman 12

Nina boys started for this event, Li Dabro was second, but he was disqualified for fouling and Biumion was awarded the place

DIVING Largest RecovERY, AF Remedios

1. Dabro

ศ

The entries for this event were large and is proved exciting. The winner stayed under water for 35 seconds,

150 YARDS (Open to'all'ages)

R. Baumann

Li Dabiozko Baumann won easily.

|

the actics couvening the

ef four modibs from 121 to 712 per by Burcombe, Mr. Ri Lan, and M. ditors reposthe meeting and the an- plantalion rubber has fallen in the congre Answering querdoes put by

D. Theo tin thì h The Chairman sald: Ladles and Gentlemen, and in the meanwhile there has been so up The report and accounts will, with your per expected increase is production. It is at least that when the cleaningy of the sets you will have observed that the net profit for months ago you were all guessing how much more than recent to the mission, be taken as read. From the toport worthy of remark, that; whereas three or four Gaished the present labour force would the last year amonoted to £71,860 1687 that rubbis & motor tyre contained, and how many of tipkeep and tapping? The directors the output of rubber was 136,969 lbs realising tyres a car used in a year, that now from the certainly not bend over the mai an average prica of 61'61 parib, and that the subdued feeling, which pravails-the fashion: company to any committes, and total ares planted with rubber now exceeds able pose, as it were, of the market intellectuals ich obliged for the angry 15,000 acres Happy Bad de plas one might losed infer that the employment thould be a vote of conf keith ute was a time when the affairs of the of mater-cars had entirely censed (Hear, He did not think the shareho Malacca Company ware of importance only to hear I speak in this way, because it has this board had done for the com our own shareholders, To-day and the fact never been questioned that by far the granter although he disliked meatloning is not without its significance-1 fid, accord part of the increased demand for rubber during he thought, ander the circumstan ing to accounts which have spre red in the the last two years has been caused by the shareholders should be informed. Press, that the whole market is very defuitely rapid expansion of the motor industry. From acquired for the company the Kasing "Rim interested in our results, and our progress all that one hears the Eutropian, manufacturers Estate of 3,700 sresor nothing. (Applaces.) These results are not immediately responded of motor cars are extremaly busy, but lathe The planned for and bough” in anticipation to our declared expectations, and bave conse United States a pened of apprecedented and the mariest rise iên now estates, and tempor. qoratly aroused criticism. So much of that feverish activity in the automobile trade has stily financed that operation at this own b criticism has been of yo generous a nature been followed by a reaction is there any (Applaass) They arranged the financing bf expressive rather of regret them of censure body in this room who doubts that that reaction 100,000 of debentures on terms walch that your directors are conscious of an added will be followed by a recovery? In the United thought the shareholders would all admit were alive to continued effort. Stalas there can be no such thing at a par fatisiactory. (Hear, hear) Threofthe directors You will not correctly appreciate the present manent sol-back in any trade hear, hear had visited states for the purpose of gaining Information They had started a "banevolent position unless you understand and realise in and so far as the motor fadastry there la con is tres proportion the work that has been done carded it would appear to be capable of great ford, at no expanse to the company but at some 'expense to themselves, Moraoran they had shes work that bad its commencement in the extensions on pomad Give yours work, some of which had mot transfer to your company, free of valve, of the PRICE OF PLANTATION RUBBER bese child's pity, and up to the presun, with Kisang Rim Estate." This, you will remem bar, was fabad to be necessary, in order to ad Agala, there is a point in connection with the the exception of a small sum, which was Pala Jast an original deficiency in the number of Piscat value of plantation rubber, as compared for travelling expenses in one case, the cutics your trees and if was the case, the comple-with the price of hard fiae Para, which is soms tors and not received penny from the codes. what perplexing. When hard fige Para unid pany. (Applause.) They were all latgaly tion of that transaction imposed a formidable at 12s, par 1b, this price created, so little su interested and wanted to see the company task upon one of your directors, he has the picion to the mind of the buyer that he willingly brought to a success. They believed it could satisfze'ion of knowing that this estate is now

pald a premium for plantation rubber, because be. And they were going to try (Applause) one of your most valuable and promising as of its greater purity, hard fine Para containing It is, however, to the work of last year to about 15 per cent of water or impurities. To day, when the price of hard fias Para is 8s. the which I wish to refer. In October if last years buyer is so convinced that this price is unreal, after all our options bad bean secured, we fictitious, nominal, and the mere consequence cabled out to the effect that we would be res of wicked manipslation, that he will not, con possible for the payment of further properties to the exisal of 100,000, provided good value alder it to be a true value, and proceeds way of red With the exception of a small to take a shilling off that price in order to arrive at the real value of plantation rubber," planted res, which we acquirad, the local (Absurd.) Now, whatever the price of rub. management reported that there was nothing ber in the more immediate future is to be, it is further available in ore district the parchatU Of which they could recommend, At that time obvious that the price of the shares of a producing company cannot remain unaffected ladies and gentlemen, there was no such thing while the commodity which they sell falls as the general koom in iubber; which has exer cised no disburblog an influence a sco the by nearly 50 per cent, in the course of a few

months, and in so mysterions a fashion, G Reich mitt

ginning of this year, and you have the satis 250 Ynts Obampionship of the School.

faction of knowing that by a system of colici, ation-ans might even venture J. Taphragm keri.. T

intelligent anticipation-all our new estates F. Bunjevan

were acquired last year before the vendors suspected anything in the nature of an impend There were only three entrante for the race which resulted in an eas, wig for Tab withing boom. In May of last year you had twe estates; in October of last year you had twelve 40 varda 10 spare from the seclod boy,

estater. It was a bald policy, toldly carried CONSOLATION RACK.

oot, You have gained enormously, but you bave suffered a few casualties.

".. NEAT DIVING,

200 YARTS (Open) R. Baumsan.

1 *

This creat resulted in an easy win for Ban" mann again,

TUG OF WAR 18 WATER-16Bolted draw between Haas' and Rayes' teams,

£WIMMING IN PAIRS.

A. Haumino

L. Dabas...

F. Silva...

J. Thynne...***

fo YARDS (Opin to beginners),

༄

C. Ceron.amoa napita

1

F. Remedios YORK TEARSALAR FANSKID 2 BLINDFOLD Race.

F. Booji................varam.me

Q. Eyris.

* 3

I

C. Eslavaputz (maavampirmajamų 1 At the conclusion of the sports the Rey, Bro Director presented the prizes to the successful winners, after which 'bo'spoke a few encour aging wordt to the bays, and the meeting and ed with the usual cheers,

"BULLION.

Meters, Samuel Mostaga nad Core Circular $51,386.74 dated Londos, september 8, containi tbs fol

lowing:-

Auros! 1st. By Balance from last year .........$1,850 01

Interest.......

By Scrip led

July 31st.

I'd debts recovered.

$1

-་

Balance of working accoust......

io

It was with a sigh of relief that I received the welcome news that the new pu chaver of the Kowloos Ferry pier rights intends to siect a decent structure in place of the present melan choly mashed, which has, dose duty from lime Immemoral. Every year, on the advent of the typhoon demos, large crowds of visitors as well as residents have been wool to congregate la front of the frail structure mad at the psycho- logical moment, the roof has been in the habit of collapsing--with a thousand crashes, carry ng

before it, the accompaniment of resounding "Hi-Yahs from hundreds of Chinesa threa'n. The fact that year is and seir out the owners of the plor should base primlted the tragic perform BACO be repealed seems somewhat Incongruoua la el, Nor is the Kow. loon Ferry pier the only frail structure ja the Colony. Only the other day a few of the Colony's worthy citizsus escaped an unre. hearsed Immersion" into the water balow Mar- rey Piet by a kind Providenca If the persoas concerned had been less fortunate than they were, it would have afforded bus sredi of Inter ested spectators an opportoul'y to lowardly no- athematice a callous P.W.D. but seeing thu that body, like a corporation has neither a soul to be dimead nor a b dy to be kicked their efforts would probably not have proved of much avail,

HONGKONG ỪA LONDON AESTHETICS, Hare in Hongkong the "qaustion of the * Baest dita" is sometimes discussed but the ansthetic art is evidently not confited to Hongkong. L'aly, a great controversy has

GELD-About £800,000 in bar gold arrived from abroad. £150,000 was reserved for India, 3,019.58 the remainder is expected to by all taken for

the Continent. The price remained at 77,91 55,00

p.cz, Std, 209.87 The following amounts were received by the 77,741-78 Bank of England:

Sept. 1, 9,000 lo bar gold' -$11,326 14

11 7,130,000 11

BALANCE SHEET 31ST JULY, 1910,

t: «L'abilities, Capital- 40,000 Shares at $7.50

DAC.........$ $300,000 Dear $10 per share not

called up..........

60,000

Cattle reserva

Asuta.

5. 133,000 # # # Withdrawals were made as under: Sept. 1, 102,000 in sovereigns for Egypt

200,000ju sovereigns for Constantinople. Sept. 2, 50,000 in sovereigns for Egypt.. Sept. 3. 405,000 in sovereigns for Egypt. Sept 7, 11,000 in sovereigns for Bolivia. During the week there has been a bet

$240,000.00 of £513,000;

20200 10,000,00

Catlin ..........................$64.774.85 Buildings and propertyS133,869 73 Lew written off a ......... 3.8f9.737 Furniture, macbluery and Less written off...........

stares....$ 20,17 1.36 2,172.36

been raging 'lo: Löiden avge the appearance of a certain section of Bucklogham Palaco, as An lodirect result of which a certain architect Share Investments and called fohn Nash who has long baen de d has mortgages............$ 62,815.00 bien placed in the unhappy position of having Less written off jade se m

$91.00

his memory generally reviled fer be ng the Sicam launch....... muna maminer'! author of what is considered au ugly mou- strosity. A writer in an esteemed London Accounts receivable........... journal was lod to carry out certain lovettiga Stocks on hand níu is an au

tions with regard to the matter and has mude

the interesting discovery that John Nath was

not alive, at the time of the perpetra'i in

of the architectural notrage and therefore

*30,000.00

18,100.00

67,231.00 3,000.00 *44.437.36 54.99464

tiva larms,

-DIFFICULTIES OF EXPANSION

tay.

MALACCA COMPANY'S EXCEPTIONAL STRENGTH,

For the fall la rubber, which must inevitably occur in the course of time, as a legitimate consequence of larger production, no company is better prepared than the Malacca Company. (Heat, bear.) Balf a million of your trees in fall bearier should give excellent results after allowing for a considerahia fall in the price of rabber frɔm the existing level. You hare further two million trees in various stages of development. There is the exceptional strength The difficulties Inseparable from such rapid of our position, (Applause.) There is another expansion were unavoidable. It would not

matter to which with to make a passing ro fernace. You all know that the marketability have been expected that such a large addition to your properties, involving so great an ins

of a abate is as element la iis value, Recognis crease of responsibility upon our local mange-ing this, the board decided last year to introduce ment, could have been manda without severely imposing upon their energy and capacity, Owing to the absence of proper supervision, due to the fact that so many members of the staff were engaged in taking over the new

estates, a considerable number of your oldest trees on the Bukit Asaban Estato were not tapped with sufficient care, and the immediata influence upon subsequent production has

cewed an effect quits out of proportion to tha actual esmae dine,

Malacca,

your shares on the Parid market, and you aro probably aware that the stock and shares of the compsay are now quoted on the Paris Gourse. Prolonged negotiations preceded the conclusion of these arrangements, but it is satisfac ios to your directors to know that leading backing firma in Parls have taken and retain su interest in your company, and that their car filence remains unaffected by recent events, tear bear.) I observed that the Go verge of the Straits Settlements, who has very courteously acknowledged the importance of this comp ny's interests in Malacca by giving our encal manner a seat on the Legislative Council-fhear, bear)-expressed the opinion that planters should now ratharscontinue their attention towards bringing their planted arens, into bearing, than in acquiring more land, and this view is one in which your directors entire

pro-

The chairman's ratolution will carried with? one dissentient and Mastra, J. Malcolm Lyon: and Wm. O. Panchard wad re-elected directors. Mr. B. Marton Gill was re-appolated mud! or, and a vote of thanks to the churman and directors, on the motion of Mr. Zadoks, closed the proceedings. Trul

CIVIL SERVICE CRICKET CLUB,

ANNUAL SPORTS MEETIKA,

The Cvil Service Cricket Club weld their annual sports meeting on Saturday afternoon at Happy Valley. The grounds and the Club- bons were tastefully decorated with flags and thanks are due to Messrs. West and Parkinson for the pains they took in completing the pretty and effictive arrangement. The Band of the Baff, nader. Bandmaster Hewitt played selec- ions of music during the afternoon. The most interesting avent was the "Throwlog at Cocos This event caused a good deal Nata." of marriment to the spectators. The, Indies had to stand at a given polat and alm at cocon nuts some distance away. – Mrs. Duncan and Mrs. Woolley had to throw four times, befers the former won the prize. The following were the Sports Committee

Refreshments: Mesim.. F. Fisket, T Macaulay and W. H. Woolley, Prizni Magers, F. Howell, 1. A. Waual and U, Bond. Decora tionst Messrs. S. West and O. H, Parkinson. Startars: Massrs. J. Quinn and J. M. Irving, Judges; Mesra, Withers and M. Baker, Ganare al Committee: Messrs. A. G.. Pils, A. Bloway, J McEwen, W. Gut, E. Wỗ. Dawson, W. Higby, H. Ellis,, McLood, W. Fincher, Thorn bill and L. K. Bratt. Secretarian : Mendy).

Mackay and F. Howalliard

The results of the different events are; ki follows headqua

BOYS FEAT RACE(Handicap, over 9 yarn); 1, (L. B. Blake ; 7, W, R. Wilkinson ; 5.. W. Woolley, B

GIRLS' FLAT -Kace. (faudicap,, over 9. years): 1, Mabel Colon; 3, Sarah Colton 1:31 Gladys Woolley,

M

LADIES EGG and SPO IN RACE: File 2, Mes, Woolley; si Mrs. McLeod, 2

· Ladies' Nomination Race. (130, yards)1 , Mr. Duncan, dominated by Mom, Brott | F Mr. Pila nominated by Mrs. Dawson; Mr. Ellu, nominated by Mrs. McLeod, m

THREE-LEGGED RACE 1, Bond and Bur detty, Duncan and Gibson; 5) Mackay and Millington.

BOYS' FLAT FACE. (Handicap, under years), Ted Fincher; 2, Jos Cation; 5, W. acLeod,

GIRLS' SKIFTING RACE: 1, Mabel Cotton 7, Gladys Woolley; 3. Edith McLeod przysta VETERANS FLAT, Hack (40 years of age and over, Handicap); i, 0, H. Parkinson s'a,

* THROWING AT Cocoa-HUTS.: (Ladies only)). 1. Whaal 5, W. Finchers

Mrs Dancan 2, Mrs. Woolley 3, 35: Min CHILDREN'S RACE. (Handicap, under Man Fung yours): 1, Tem Pilas 3, Margar Woolley's 3 fosle Tharabill

EGG AND STOOM RACE, (Marded v. Blogle teams): 1. The married me JUBORS AND STARTERS RACE, 5 M Bakers, Mr. Irving 13. Mr. Wilhar

At the beginning of this year-1_took the opportunity, while on my way to Chin ol spet ding three weeks in and there- trees were then being tested it was thought that comparatively short test would have been sufficient, and that even if the estimate of production for the year word not to be entirely realised, that the deficiency would not have been very large concar. And now, ladies and gentlemen, 120 YARDS FLAT Rage:1, Mr. Bacon; 2, In fact, a longer period of test has been consi. I will conclude. The success which attended Mr. Gibsons 3. Mr. Borden. Time=45+1/3 BOCK // dered to be advisable, but you will be glad to'

our line last year of convertible debentura GIRLS' FLAT RACE (Handicap, under gʻ fluxera that, according to our latest cable advices stock has distely established and consolidat-years); 1, May Fincher; a, Eddie Mackay : 3.

these trees ara rapidly recovering. A mali

ed the position of your company. The original Eva Woolley, MARS Unclaimed dividends

Silver-The price continues to derive snp. number of them have during the past month

the convertible debenture stock-smounting to port from its proximity to the parity of the become eglin available for tapping, and the Capital of bis company was £300,000. When Fire and typhoon ingararet food... 10,000.00 China exchange. On reveral days silver was remainder are expected to gradually come lo 500,000-bis been exchanged into shares, 44.475. bought for this quarter on others although by the end of this year. It is, however, to be the capital will have bean increased by only Accounts payable by Balance of profit and loss account 62,11064 actual orders failed to arrive, the probability of carefully noted that these trees have been to £50,000. The steady increase in output which can now be expected will ramova all chose for such a contingency deterred sellers from pir qairing rest not because they have been $,77 027.95 lng with their silver at lower rates, and dealing over tapped, but because they have been notasxiety, and your directors having retained your confidence through a period of difficulty, w're consequently on a small scale. So long sufficiently carefully tapped, and you must as the speculators, whose baldings are so huge clearly distinguish between that which occurs

will have received a soficient recompense for refrain from selling any considerable portion of a consequence of insufficient supstvision the services which it has been their privilege and the result of a policy which might alm at their stocks, the market seems inclined to

to render (Applause) I beg to propose that acuering the largest possible amount of rubber the directors report and acconats, as circulated, present a steady appearance.

The establishment of +1, premium on for at the risk of jeopardising the vitality of the be adopted, and that the to per cent, dividend ward silver is to be accounted for, in the follow tiers. (Haar, heat.) No such policy has be paid on January on the ordinary .add- ing manner. Obviously the proportion actually adopted, or even contemplated, by your direc corried by these speculators themselves canton, and therefore the trouble which has arisen fronts Gros be confirmed, date

Mr. H. Gompertz said he was an old plaater, represent but as extremely small fraction of under the circumstances which I have stated and had had forty years' experience in the their holding and the London market, in view is not likely to ageia cecor. (Hear, hear.) · 1

stody of rubber for four years. The first thing of the barib treatment which it received in most add that it is undoubtedly the fact that as He had bean making a pretty clore July, is not disposed to facilitate the prolonge we as taking longer time then we had that occurred to him in this matter was with tion of their commitments except ca remunera pected in training the tappers, but as efficient regard to the very large extensions made in

tapping

is so essential, it must always be our their properties, and the Chairman said it was There is no saws of any material change lo. first consideration. You CAD, however, now owing to these large extensions that they had the Stocks in Bombay and Shanghai. The rely upon stardily increasing outputs. (Bear, not bad sufficient supervision. It seemed to daily off take at the former place, is only 65 eur.) Twohundred thousand tipsbout him that, at their mistican cousins would bars a day;

thir:etask ́af our total number...ara si present

they had bitten off rather, more than they The customs revenus of India is coming in being tapped. The fabour force is alista could chew. But it appeared to him that it very satisfacionly, and the returns show that toy, and everything is being done to make it was the business of the board, bafore they 'made these large éxtensiças, to see that they three fourths of the revenues budgeted from efficient and contented, K

CONDITION OF THE ESTATES. had the necessary staff to deal with them. Or A shipment of £85,000 his bién made from

The next question to which I wish to refer conne, bo was aware there were difficulties, cends to make further remarks on the subject,

San Francisco to Hongkong.........

is the condition of your estates A large but they should be foreseen. The chairman He lays - Qảo gentleman who is for leaving things alone remarks that what was good

est inst. Mester. Hocelta and Go'dsmid's Circular amount of work has already been done towards said they bad 200,000 trees tapping bat: It getting all your estates into perfect order and asemed to him they should have three-quarters enough for Edward VII, should be good Yesterday évoulag, the annual mesting of dated London, Septembar 9, says:

a considerable amont all females to be done of a million, and that they should, hava, bad Enough for Georga V. This is rather an-10- - members of the Royal Hongkong Yacht Clob

The silver market has continued remarkably. By the end of the year, however, you may ex three-quarters of a million lbs of subber. The following persons have declared them. genious remark, for it suggests that those who was held at the offices of the Union Insurance study and the fluctuations in the piles have pect by far the greater part of your planted area the same lime, the position was's strong one.

so'ves willing to be formed Into a Volunteer are for improving or replicing the palace are Society of Canton. Mr. A. Denison presided. bass very small until to-day when there has to bave been brought into a thoroughly eff: Even if rubber fell to 30 per lb, they would Reserve ander the Volunteer Reserve Oralse not loyal to the memory of the late King. But The report nad stálsment of accounts WITH bies a recovery to zajd, for spot kidd forward,cient stain. I spent the whole of my time visit still be on the road to excellent, dividends, auce, 1010, and His Excellency, the Officer Ad Dos may ask was the priscs good enough for approved. Hop, Mr. Keswick was appointed Holidays in Bombay have restricted the Edward VII). And apart from, that the sog. Commodore, and the sailing committes was orders from there, but the firmness of the Chiesing your properties, and it is difficult to con. (Hear, hear)

to accept their services MOR guestiqu er misined in the romark I buen quoted composed of the Commodore, Commodore exchange has tended to harden the markel and way to yon an adequate idea of the magnituds Mr. Frank Abrahams suggested a committe ministering the Government has bort spasid

of this undertaking. You are aware that the of shareholders, bot (he su geslich was re- E. Abraham, Dr. J. M. Aikini would bave stopped all improvements in the Hyres, Metis. Davison, Rouse, Wedd, W. H, thers has benn « fair amount of buying for the

Baker, C. K. H. Beryl LAG past bad it been acted upon. For instance, || Hiid, and Tasker, Meins, Shields, Caldwell, Far East. These bas also been some Com trees on all our plantations are free from dis- colved with laughter, är

Branch, G,W.R: Brett, Klok Aured: is very generally revered-bat Carpenter, Chia-hep, Maitin and Pollock were finental baying and the offerings from atarica case-bear, hear) and that the quailty of the The Chairman said that as to be field of would it do to say that what was good enough appointed members of the rowing commities, have been readily absorbed.

And latex is surpassed. (Hear, hear) At the rubber they had tried to be very conservative Bed, C. Band W. D. Be

agricultural show held only a few days ago in with their trees, No doubt they could have

A. Calvärt, J. Dalziel;; for King Alfred should be good enough for .Mr. Wedd, R. 2, wanappointed offical meLOUNGE). The difference in the quotation between spot Elogapore your company obtained the first tapped a few more hat they had tried not to

\W, B. EIWON W/]+) King George V.721 think not, but in holding and Meyers, Jameson and Jabton were elected and forward has widened to 1, and in view of print for unsmoked sheet rubber, (Heir, bear, tap the trees to the most asten At presentable GAG prop that the present King should have a better deputy measurers, Mr. Suibetlard suggested the large stocks bald by speculators, mady I came into persons contact with starly all as he had said, they were tapping 240 ang bat hogan than. Alfred had I do not show any lothat regatta be held in Tole harbour on the silver stems likely to continue at a discount. tentional disrespect to the memory of Alfred opening day and pointed ant that the Protector Gold has bess la demand both for the Cop the members of your staff in Malacca, thereby the end of the yest

are about fifty Europeans in your service out be tapping 395 non 11 189 sappers were s HENGA AVUT RANGE OBJECTION.

could take the yachts round on her deck, while cut and elsewhere, and the Bank of England Thore, and a better set of men you will not clantly experienced to say them, The abuys if interesting but it is not all,. We the tests for a rowing race could be taken by bat only received £163,con in Barn which ten and With splendid energy, and determina. not going to try any experiments with their are told that there is prospect of dieptin not rail. The opinion of the mesting was favour mained over from last week. Da the other tion; they are rapidly orarcoming our few re tappars. If they did, por have a big yield it only as to wast material should be used for a able to the scheme provided that it did not band Savereigns to the value of C66.com have maining, dificultas. The installation of car would be because they are trying to get thei new front, but the experts cannot egree as to levalve the yachts being towed. Au asurance been withdraw form the Bank, chiefy for owe te ophone system, plicing all the estates tappers lato a better state offeficiency,

io communicationy with the head office in yould this year would be very much the stone of which the existing front is formed, to this effect was given by Mr. Sutherland. Mr. Egypte

E Malacca, is nearly completed The company's it was last yone but foran future Boma ay ibe front portion of the Palace, Huge stated that the Protector could take five alth is geeridly admitted to be the worst opp design boats and seven others Open

freshold properuss, sitosted in the centre of any figures againga (Laughter and the town of Malacco, hays inciassed consider, My, Molf said his countorçë lu feature of the Royal massige, is constracted races for yachts and for rowing boats ware

Guddably in yalas since they were purchased. (Hest of the company wAFLO TERAS) of Hath stone, while others chalend that it is also suggested.

saraha

2 It could easily be understood that na stobal Think lua delicate PAUL

#And.sow/ ladies and gentlemen, 1 with to, jadustry some mistakes was. "direct godt attenti se to the remarkable change: ton sama time any, esirman ubber: (rapidly byartákadag TDS Are

$377,027.75

scarcely deserved the inkind sbal's of his | ROYAL HUNGKONG FÄCHT.CLUB. the silver duty has already been realizıda critics

The writer in quastida also grai

ANRUAL MEETING.

and to 18 hard not the tamerily to A THIRTEEN YEAR OLD youth was awarded Frywhoisright or who is wrong. But the „twalva strokes of the birch and 43 hours' datode DASON IN EN WIYA, for thelus, gal is how the ton sisha Magistracy last Saturday for snatch-

Scandleder kit memarks — ing a gold est pick from a Chinees woman

RETURN of visitors to the City Hall Library and Musound for the wank ending the and Celober, 19101 ára

"Non-Chinese".

14 Chlause in

Library Monum

At the conclusion of the sports „Mrs. J. Me atkinson presanted the prizes to the successful winners, and she mcelleg ended with ike wawal cheers,jakan.

R

VOLUNTEER RESERVE.

'ST OF. MEN BERE