1913-10-10 — Page 9

Commercial

RUBBER COSTS.

THE HONGKONG" TELEGRAPH,^ FRIDAY} \\OUTOBER 10, C-1913, 201

quantity on compared with the Public Companies

plantation tree of eight years and upwards. "Plantation rubber should therfore be graded into tivo qualities, and the manu- facturer would then know exactly

Mr. G. H. L. Wharton writes thus to the Financial News, what he was buying. At present, which introduces the letter with he does not know, as the latioes the following sentence :--

1

THE DAIRY FARM Co... Limited,

ΤΗ

M. MANUE,

Secretary.

Banks

INTERNATIONAL BANKING

CORPORATION.

It and Office, Wall Street, New York, London Dies: -36, Bishopsgate, B.C.

Cibo

Colo

Banks

Belling.

TION.

T/T Demand HONGKONG & SHANGHAI

BANKING CORPORA 50 de 60 dis 4 in/a

Paid-up Capital $15,000,00 T/T Shanghai

RESERVE FUNDS ;.

BRANCHES :-

Bombar

Calcutie

Can Lou

Kobu Мала Manckoo

Pen

Peking.

Jan Francisco

Shanghai

Sterling

£1,500,000 at 2/

$15,000,000

Hosgana

HEL. Capital and

Yokoga

3,060,cod (Gold) 61,450,000

EVERY DES, RI TION OF LANKINO BUSI

transa

CURRENT ALCOUNTS opened on the seast DEPOSITE RECEIVED, dad for one year al

as, or for shorter periode, at rains, which bead on applesised,

FILLE NEGOTIATED and COLLECTED. MITIL, MA,TELEGRAPHIC REMITTANCES

LETTERS OF CREDIT and DRAFTS ground

on all the principal in CHRDI' 221 avaliable all over the World,

100MMERCIAL LETTERS OF CREDIT PURCHASE and SALE of Stocks and Shures

alaclad.

TRAVELLERS CHECKS sold nad szabad.

GEORGE HOG0, Manager.

B. Queen's Road, Hongkong bogkong, 1st Nov., 1912

1919

are nearly always mixed in the NOTICE TO SHAREHOLDERS. Investors in rabber companies course of manufacture, and the and, in fact, all persons who are market price of plantation rubber

HE SEVENTEENTH OR- in any way connected with the suffera a cordingly. It is this

DINARY YEARLY great plantation rubber industry,nacertainty that militares ngaihet will find much to interest them plantation rubber more thany MEETING of Shareholdere in in the following letter, written by Pupposed inferiority to the Brezi the above Company wil be held NE

at the Company's Town Office, one who for the past eight years lian product. has been a detaobed, but very It is probab'e that only those 2 Lower Albert Road, Hongkong, on SATURDAY the 11th October directors of rubber companies 1913 at 12.30 p.m. for the purposs observant, an-looker.

Mr. Wharton's letter raps: who have been managers them-of presenting the Report of the have read with much interest the solves fully realise what a large Directors and Statement of Ac- ARKS CIRCULAR LETTERS OF views expressed by your writers parts the factory plays in the counts to 31st July 1913. and correspondents with regard plantation manager's life. The THE TRANSFER BOOKS of to the present position of planta-manager of an average-sized the Company will be CLOSED tion rubber, and, in spite of allenate to-day practically divides from 1st to 11th October 1013. that has been written, I still his time into three parts- onn to both days inclusive.

By Order, believe all is well in the rubber the factory, another to the office world, but things might be much and the last, and worst, third better. The mistake that is (because he is worn out by that being made is not so much in time) goes to his trees,r, rather the method of Bolling plantation to his subordinater, who are in rubber as in its preparation charge of the various fields. An Cannot estate suffers, and frequently for market, and I yet understand why it should be seriously, because the manager]

1OTICE is hereby given that necessary for plantation rubber to me not time to supervise the

a meeting of the ahare be made into the palert of crepe work of his assistants and to help No

By the elimination and the thinnest of biscuits to at them in it

holders of the HEADWATERY of the present elaborate factory. tract the attention of buyers. A certain amount of this window methods the manager would have MINING COMPANY (Inc.) will be held at the Hongkong Hotel dressing" may have been neces more time to devote to the planta on Wednesday, October 22nd, at sary in the early days of the in- tion, and there would be a cone-4.p.m., to consider the POSITION Antung-Hsion dustry when plantation rubber quent improvement in the upkeep of the Company and its FUTURE. Bombay

By order. was so little known; but it has and management of the ostale. proved itself: the world's den passing, I should like to say Hongkong, 8th October, 1913. mand cannot be met without the that the customary supply from the Middle East, and thanks to the staff in the East the market for plantation rubber should not be a matter of course is now assured.

"voto

of

Notice 3

NOTICE.

NOTICE.

SURANCE CORPORATION,

LIMITED.

THE"

YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880, Authorised Capital Yen 48,000,000 30,000,000 Paid-up Capital

18,550,000 Reserve Fund......

PR

1

Head Office.-YOKOHAMA.

Branches

Calcutta Changchun Dairen Fengtion Harbin Hankow

Kobe

I have not yet: a perfunctory one, because it LIVERPOOL VICTORIA IN- Honolulu been able to learn that it is pre-has been really splendid to see pared in its precent way, because the way in which the planter hna the manufacturers wish it, and it risen equa! to each and every call quite extraordinary how little of made upon him.) any direct personal communica- tion there has been between the producer and the manufacturer since the beginning.

"I have been nn'onlooker at rub- ber for eight years, lf of them spent in the Malay Peninsula. am not, or ever have been, a The manufacturer buys the planter or a director, though, of supposedly superior Fine Hard course, I have mixed freely with

Para and the confessedly inferior

both classes. Therefore I am s detached onlooker, and, as such,

Singapore Share Circular Messrs Fraser, und Co.'s cirular, dated Oc ober 1. state-

been appointed:

HAVING

Agents in this Colony of the above named Corporation, we ar prepared to accept usual fire risks on their behalf.

Dated, 6th October, 1913.

U. RUMJAHN & Co.

6, Des Voux Road Central::

Agencies at Nagasaki Newchwang New York Onaka Pekin

Ryojun Port

(Arthur)

San Francisco

Shanghai

Tientsin

.1k

Silver 17,450,000

$32.450,000

Reserve Liability of

Proprietors ..$15,000,000

COURT OF DIRECTORS.

TT Singaporo

Private 30 d/s sight 8'hai

T/T Japan

T/T India ......RELAND

T/ Bombay

Domand Bombay

T/T Calcutta Demand Calcutta Demand India .... Demand Manila

T/T. 8an Fou & New T/T. Java

Exchange

1/11 15/16 T/T. Francsengő:24234

................ 204

.pm

T/T, Marka

.2 | Un Haiphong

2/1/16 On Saigon

2/1/8 On Bangkok

2/-9/16

Buying

1111.7236 | 4 m/s. L/C

..85 1/4 4 m/s. DIP

...2/- 11/16 ·

2/5/4

734 6 m/s. L/C

................. 97: 8') dfs.S'ney & Melbourne

14816 30 ds. San 'co & New York. 4944 .1484 m/s. Marka

.148 3/4 m/s. Francs

......14846 m/s. do

148 3/4 | BarSilver. ready

..148 3/4

forward

...W1..98 | Gold Leaf per tael'... York 48 3/8 Bank of England rate

120 3/4 Sovereign

Subsidiary Coins..

C

*Discount per $100

Chinese 20 cta:pieces $8 1/8%

$83/8

$6 14 38

8. H. Dodwell, Esq.-Ohairman.Chinese...10 Hon. Mr. D. Landale-Deputy Hongkong.20

Chairman.

*

G. Frieeland, Esq.

0. 8. Gubbay, Esq.

P. H. Holyoak, Esq.

G. E. Laurenz, Esq. F. Lieb, Esq.

W. L. Pattonden, Esq. J. A. Plummer, Enq." Hop. Mr. E. Shellim." H.A. Siobe, Esq. CHIEF MANAGER: Hongkong N. J. Stabb.

MANAGER. Shanghai-A. G, Stephen. London Bankers-London County and Westminster

"Limited.

Hongkong-Interest Allowed

On Currant Account at the rate

of 2 per cent, par Annuin on the daily balance.

ON FIXED DEPOSITS.

专

For 3 months, 2 per cent per

Annum.

Tiobling

Tokyo

Los Angeles

For 6 months. 31 per cent

por

Annum."

Liao-Yang London Lyons

Interest Allowed on Current

Account.. Deposits received for fixed. periods at rates to be obtained on application.

·

EISHI ONO,

Manager.

For 12 months, 4 per cent per

Annum.

N.J. STABB, Chief Manager

|HONGKONG SAVINGS BANK

Hongkong.10

Opfum Quotation.

Malwa, New

Malwa, Old

Patna, Old..

1603*

Aug. 15, ..89,350 perpic

3,500

4,250

Patna, Now................ 4,305 perche

Bonaroa, New.... 4,200

Benares, Old......... 4,000.

SHARE REPORT.

B-SELLERS

Stocks & PAID OF. VALUE. BANKS.

KERALA LANE

Cupara VIONS

$788 ga.

£79

$50 (342) b

£5 T137 b.

Hongkong & Shai $125

MARINE INSURANCES, Cantons

North China

Unions

Yangtzes..

$100 $786 b.

FIRE INSURANCES China Fires Hongkong Fires

SHIPPING.

China & Manilas

£50 $192

$20 $152 b. $50 $370 b. $25 $8

Douglas Steamship" $50 $331 Steamboats

Indo-Chinas

$15 $2814 b.

}}

£5 $90,

198

(Preferred) (Deferred)

"Shell" Transports £1

ATT DIVIDEND AND FATE

*

"£2 at ex 1/156 equal to

$20.31 for 16 year. ending 30/6/13

$18 for 19!"

Final of 1" p.o, making

2p.o, for 1911 Final of $20 making $50 for 1911 and Interim of $30 for 1912 Final of $12 mak; $15 for} 1911 & Int, of$3 for 1912)

$10 for 1911

$27 for 1911

$1 for 1906

$2.50 for year end'g 30'6'13 Interim of $1 for half? year ending 30'6'13 (6 p.o. for year 1912 on

preferred shares

(Final of 4/- making ›6|- for year ending 31'12'12

Int. of 1/-a/c. 1913 #2 on 10,000 shares Ist fasue. $2 on 10,000 2nd

to

#1 on :10,000 i8rd

for year ending 30'4'13

"Star Ferry { $10 $57%

REFINERIES,

$100 $99 $100 $35

b.

43 for 1912

MINING.

Hongkong, 30th Sept., 1919. [18THE Business of the above China Sugara Bank is conducted by the Luzon Sugars HONGKONG AND SHANGHAI

CORPORATION. Chinese Engineerings £132/6 BANKING

Rulos may be obtained on ap- plication.

Tronche INTEREST on deposits in al-Raubs

THE CHARTERED BANK OF INDIA, AUSTRALIA" AND CHINA.

Incorporated by Royal Charter 1859.

NEM.

£1 50%.

£1 $34

650.891 ..

Ceara and Castillon in a rough I think I must have seen some- and ready condition, and it is

NOTICE. difficult to see why he must have thing of the game. plantation rubber alone in u

FOR SALE highly prepared state. Is it not

VALUABLE LEASEHOLD more probable that he wout

lowed on the minimum monthly DocuS, WHARVES, & O'DOWNE. Businesa continues on n

PRORERTY. prefer to have plantation rubber

balances at $3 Per Cent per an- Kowloon Wharfs in the same conditiva as Para and tremely restricted scale and

BRITISH CONCESSION,

H.K. & W'poa Docks 850 { 678 1. other rabbers, so that the same po direction has there been the

Shameen, Canton.

HEAD OFFICE-LONDON, Depositors may transfer at their

b. methods and machinery might be alightest animation about deal

£1,200,000 option balances of $100 or more Shanghai, Docks T. 100 55 £1,700,000 to the Hongkong and Shanghai Hongkaw WharfaT. 100 T.108 upsd for all? No one who has inge. The tendency to mark TWO LOT, Nos. 10 and 8. Paid-up Capital fronting on the Canal Road, Reserve Fund...

Bank to be placed on FIXED seen the many processes the time as regarda operations in each with a frontage of Ninety Reserve Liability of

Proprietors freshly tapped latex has to go Hubber Shares Atill prevail. Fest on the Road, and with a

......£1,200,000 DEPOSIT 4. Per Cent, per LANDS, HOTELS & BUILDING

Anglo French Lands T.100 T.94 through in the fee ory before it although there is less doapon- depth of 140 1/2 fest, together is considered fit for shipment but dency as to the future of the raw with the Buildings erected there- FOREIGN EXCHANGE and For the Hongkong and Shang-Hongkong Hotels $50 has had moments of doubt as to material and a lead is anxiously on. The Lots will be Sold either General Banking business trans-hai Banking Corporation,

**N.J. STARB, Chief Manager. Hongkong Lands $100 $113 This acted. the wisdom of it all. I, personally, awaited from London, which separately or together.

CURRENT ACCOUNTS open- was never without them. I need would be quickly reflected in the property will be put up for Sale not describe these proreses in local group of shares. In Min- at Public Auction on the Premises, ed and BIXED DEPOSITS re- detail; but they are so hurried ing Shares quotations are more commencing at 11.00 am, onceived for 1 year or shorter periods nnd drastio as to make me won-constantly asked but the actual THURSDAY, the 30th of Octo-at rates which will be quoted an

A. 8. HEWETT. der, not that plantation rubber business done is not extensive. ber. 1913, if not sold privately application.

The Under-|·

Acting Manager, fetches so poor.a price, but that The small fluctuations in Oils before that date.

Bigned reserve the right to reject it is worth anything at all at the have been watched with interest all bids if no acceptable bids are Hongkong, 11th April, 1912. [29 end of it. It seems to me that and moderate transactions can be offered. Parties interested may plantation ru ber fotches its price reported in Shells. Of the Local obtain particulars from

Society, Tung Shan, Canton, China.

not because of, but in spite of Industrial substanti investments The China Baptist Publication the treatment it receives at the were made in Straits, Traders. factory. If the rubber wero aim-with very few shares now offer. A few ply cured and left an adequate ing on the market. time to dry, it would have a Singapore Trame were taken at much better chance againeat its 4s 3d and Howarth Erskine 7 rival from Brazil.

As regards the financial aspect, I do not think it is fully ap preciated that: the full füctory costs represent about 40 per cent. of the cost of production. Near- ly all this proportion of the cost is spent in order to produce.u rubber which, hy reason of the treatment it has received (at such cost), sells at ls. and more per pound less than its almost un treated rival, and, too, it gres to produce a rubber admittedly 20 per cent. purer than its rival.

per cent Preferences were again bought leaving further sellers few points ander pir.

September. Rubber. Returns. Bekoh-8,544 lbą. Chimpul: 4,846 lbs. Batang Malako,-6,052 lbs. Lower Perak.-3,000 lbs. Haftor-6,484 lbs., - nine months 49,730 lbs.

Seletar-9117 lbs., tot 1 to date 25,894 thg

Rica (Malares)10,300 lbs.,

total to date 56,000 lbs.

Trafalgar.-1,457 lbs, to date 1,857 lbs., coconuts 28,000, to date 130,000.

Parit Bustar.-20,513 lbs., totul to into 118,880 Iha.

BANK HOLIDAY,

IN accordance with Ordinance

No. 5 of 1912 the EX |

CHANGE BANKS will be closed for the transaction of Public Business on Monday the 10th

Here, then, is the solution of our present troubles. Let us save practically all our factory costs (Para does not need them), and by so doing we shall also gave the 20 per cent. which, as com pared with our campotiturs, we lose on cash sale. The saving effected in this direction-would lbs.

Changkat Saluk-23,055 lbs., be enormous, and our.plantation companies would soon be increas- nine months 133,234 lbs.

Selangor Unitel. 5,285 lbs., ing their dividends instead of

Chempedak 5,400 lbs. Alor Gajab. -0,500 lbs. Bukit K. B-(August) 3,200

reducing them. I do not think six months 30,424 lbs.

I am overstating it when I put the United Temiang (FMS).- eaving equal to 6d. a pound as a 11,679 lbs., two monthe 22,807 minimum. As regarde selling, it lbs.

is necessary to standardite, our

Labu (F.M.9.)-43,052 lbs., rabber. There is no difference in nine months 293,334 lbs. the rubber produced from a plan- Kamuning (Perak).

48,618

t tion tree (I am writing of the ibs., three months 128,898 lbs. Hevea Brasiliensis) over eight Bakit Kajang.-27,380 lbs., years old and from the forest tree. three months 93 501 lbs.

મ

Latex from younger trees is of a Heawood.-7.403 Ibs, nine different condition, lesa mainre, months 51,253 lbs.

sad it requires some 50 per cent, Cheviot.-18,880 lb. nine

fore later, to produce an equal mouths 97,038 lbs.

instant. Hongkong, 8th Oct., 2913.

HONGKONG GYMKHANA

CLUB:

THE FIFTH GYMKHANA

MEETING of the Season

will be held at Happy Valley on Saturday, the 11th October, 1913, commencing at 3.15 p..

THE

Notices

CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD. (Capital Fald up...$1,250,000.) Loans on Mortgage of House Pro party, &c...

Goods received on Storage. Advances made on Merchandise Loans made on the Provident

System.

(Rates and Particulars on ap

plication).

*

OF

The Office of TRUSTER, EXECUTOR

WILLS, ATTORNEY, &c., Undertaken and Executed.

SHEWAN, TOMES & Co. General Managers. tongkong, 19th March, 1908

LIMITED.

The Charge of Admission will be $1.00 for others, tha Mombe PEAK TEAMWAY CO. of the Hongkong Jockey Club or Gymkhana Club.

Soldiers and Sailors in uniform Half Price.

The Committee, invite the Ladies of Hongkong to bo present. REGINALD F. C. MASTER, Hon. Becy, & Treasurer.

Hongkong, 8th Oct., 1913.

ין

WING KEE & CO.

47-49, Connaught Rd, SHIP CHANDLERS

PROVISION & COAL

MERCHANTS

Hongkong, ard October, 1913.

MIKE TABLE

7.00 A.M2 10

WEEK DAYS,

$.00 AM, Ever 15 Min.

To Ma

8.00 A.M. to 10.00 4.3.

10.00 AM. 10 11:00 AM.

$ 30 AM, to $.49 7.3.

19.45 PM to

1.15 F.N. LO 3.45... to 1.15,2.M. to 2004, to

2x3 PM.

1,43 P.M.

E.ES F.M.

15 MIN

15 MIN.

*

10 MIN.

13. Mr.

11 Ja Mix

75 341 15 MIN.

N 5.00 73, 1.40 7.1. NIGHT CARS. 3.5.9.Mandup 1.1., 9.30%... 10 12,0013:14; every half hour.

8.00 P045 8,H..

every quarter offantbour.

SUNDAYS.

100 .. to 10:30 AM. 'ETERy-35 Man.

10:30 AM. 18

15,45 AM, 10

NOOM 12.00 HOON 0,100 73,

10 M

TE MIN

1+

10 M

TO ME."

IN BEEN

15 Man:

5.00 1.1; 1.00 PM: to

5:00 PM 3.00 3.3. to 360 N. to

1.30 Fa

10 MD, 1.00 T., to

NIGHT CARS (as "on" Wack Days:

'SATURDAYS.'

Kxing Cars/Cain, midnight, SPECIAL CAJUL SA

fly Arrangement haˇthe Company'sKOffice,

"Alexanden » Buildings, `· Das Tree and

32

annum

"

$125

890

DEUTSCH ABIATISCHE Humphreys Estates $10 8914

Capital Fully

BANK.

Kowloon Lands $30 $45 Shanghai Lands T:30 T. 91

West Pointe

$50 972

Manila M'pole Hotel P.10 P. 8

COTTON MILLS

T. 50

Ewos Slianghai Cottons

4.

Pald-up...Sh. Taels 7,500,00 Head Office-Shanghai. Board of Directors-Berlin. Branches: Berlin Calcutta Canton

T. 145 b. Hamburg Hankow Kobe Peking Bingapore Tientsin

¡T, 123 b, Teinsafu Tsingtau Yokohama, LONDON BANKERS:

1106 Mesers. N. M. Rothschil & Sons. Laou Kung Mow.

(1434 Kung Yik The Union of London and Smith's

Hongkong Cottons #1039 Bank, Limited.

MISCELLANEOUS. Deutsche Bank (Berlin), London China-Borneos $12 $91

Agency.

Light and Powers $101 14

Do. (Spec. shares) $1 China Provideate $10 $9 Dairy Farmá

$6 $28. $10864 b.

Direction der Disconto Gasell

schaft.

Dresdner Bank."

INTEREST allowed on Current Islandes Account. DEPOSITS received Hagkong Electrios $10 $44. b. on terme which may be learned Hongkong Ices on application. Every description

of Banking and Exchange buai-kongkong Ropes ness transacted.

R. TIMMERSCHEIDT, Langkats

Manager,

[a Morning Post Hongkong, 9th Oct., 1911.

PAG-Tramway

THE MERCANTILE BANK OF

INDIA, LIMITED. Authorised Capital

Subscribed

Paid Up

Reserved Fund

BANKERS:

$25 $150.

$10 $23

g. 10 T32 b.

$25 822

$1010 8.

(Du. (new) $1 90

·cts. Hongkong Electric Trams9/3 8.

"} $10 $5 £1,500,000 Philippines

1,125,000 RL. Price & Co., Ld $10 $8

Pro 562,500 4

415,000 Spoleto de ferredy

Bank of England." London Joint Stook Bank, Limited.

Interest allowed on Current Ao- counts at 2. per ant per annum on Dally Balance and on Fixed Deposits at rates which may be ascertained on application.

AR LINTON

Maungat

THE ALEXANDRA CAFE Cannot be Beaten, if Equalled, For Brand, Cakes, Confectionery, mesla with Winos & Liquers,

du Tonkin

Puipeset050 $20

paid Pabiertoriou

up $50 Beneft $200 Shanghai-Sumatras T. 20T150 Steam Laundry $5/$4 United Asbestos)

Oriental Agency, $10 $916 LO

b.

United AsbestosĮ

$10 $300 Founders Shares Union Waterbost $10817 1/8 b. Weismann, Ltd. #10, 830 Watson

$10 0794 William Powell

$10 Corrected be legs you, de Viö?ips

$3 for 1897

1

•

Interim of 3hp.o. 8 2/5d per

share, Coupon No. 1 ac

count year 10.6.12...

1913 Int. of 2/6 a 1/2 for 1909

$4.50 for year 1912

$1 final dividend for}

yoar 1911

Tis. 3 for 1918.

Interim of Tls 3 for 1915

Tis. 6.29*2*10

$3 on old shares, $1.50)

on new shares for half year 311212 ?

$314 for 12 year ending 30.6.18

50 cents for 1912 $2.80 for 1912

Interim of 5 p.o. for. year ending 30°0′13. half

$2 for 3 year endin 30.6.13.

15 per cent, for 1910

7 p.o. for year ending

31′10′′12

Tls, 10 for year end-

ing 30'6'13

50 cents 31.7.08

85 cents for 1912

70 cents for 1912

$1.25 for year end'g 31***12 40 cents for 1911

81.60 per share for 1912

$2 interim for 1913

$1 interim for 1913

f Interim of Tia, 1 mak; Ling Tia. 28/0 1913 None

80 cents on fully paid)

shares and 8 cents on 81 paid shares for year ending 30.4.33

Final of 85 p.. making

7bp.c. for 1912,

None

$1.50 for 1910

None

No dividend this year 150 cts, for year end 'g 315.12

20. per cent, per ordinara share for year ended 31'5'1912

$1 per share for year?

ending 31*12'1918

25 per cent. for year? Betending 317LL

60 pents for 1918

40 ots, yearending 80'8'13" WRIGHT AND HORNBY: BANN and

Chantal brokára 3 De Vossie' Road Central Tele address Raciliud“, – The Telegraph does not hold Itesif responsible

'any of shy abovn quz katianai.