1920-05-18 — Page 2

NOTICES.

THE HONGKONG TELEGRAPH.

THE RED HAND COMPOSITIONS LIMITED, LONDON.

Contracters to the Admiralty, India Office, War Office Crown Agents for the Colonies, &c..

"THE RED HAND BRAND."

Aalifouling Compositions for Ships' Bottoms. Antisive Paints, Ready mixed, for all purposes.

Supplies available from:

COMPANY REPORT.

CANTON INSURANCE OFFICE.

The report for presentation, tɔ the shareholders at the thirty- ninth `ordinary meeting of the Canton Insurance Ofice, Ltd, to le held at the offices of the Com Fany on Tuesday, ~ 23th,' May,

states:-

The General Agents and Con- sulting Committee have pleasure) Jin submitting a statement of the

affairs of the Office made up to 51st December, 1919, in Sterling) and Hongkong currency.

Capital-The call of $50 per share directed by the Consulting Committee at a Meeting held on 21st May, 1919, has been paid in full and the paid up Capital of the Company is thus increased to

$1,000,000, DODWELL & CO. LTD.

SOLE AGENTS.

THE STANDARD LIFE ASSURANCE CO.

New Scheme for Children's Early Endowment –

Principal festures: Small Premium, Liberal Surrender Valus, No Medical Examination, Return of Premium in the Event of -

Death, and Numerous Options at the Age of 25. WRITE FOR PAMPHLET AND FULL PARTICULARS TO

DODWELL & CO. LTD. Agents.

THE HONGKONG ROPE MANUFACTURING E

ESTABLISHED 1883.

MANUFACTURERS OF

PURE MANILA ROPE

3 STRAND

Já to 15"

CIRCUMFERENCE

CABLE LAID

5" to 15" CIRCUMFERENCE

4. STRAND 3" to 10" CIRCUMFERENCE

Od Drilling Cables of any size up to 3,000 feet in length. Prices, Sandman Fulltant in lårs will be fo warded on appataratare :

SHEWAN TOMES & CO.,

General abuses.

E. HING & CO.

BHIPBUILDING MATERIALS, SHIPCHANDLERS AND

HARDWARE MERCHANTS.

'PHONE NO. 1116.

New Consignment of

KODAKS"

Just uppacked-to-day Inspection Cordially Invited.

A. TACK & Co.

26. Des Voeux Road, Central.

GREEN ISLAND CEMENT COMPANY, LIMITED.

PORTLAND BAKEST.

In Caaks of ST$ Iho, zat., In Bags of 350 Ibu, met.

SHEWAN, TOMES & CO.

General Managers. Hongkong, 15th August 1916.

HONGKONG JAPANESE MASSAGE ASSOCIATION.

Mr. U. SUGA EP. A SUGA

·B÷Queen's - Road Central - Hongkong.

METALS

of all kinds, especially for ship- building and engineering works. Largest and best assorted stock, in the Colony.

SINGON & CO.,

(Established A. D. 1880.) HINO LUNG ST. - Phone 515

THE BEST PHOTOGRAPHER

MEE CHEUNG

ICE HOUSE ST.

SPECIAL DEPARTMENT FOR DEVELOPING & PRINTING FOR AMATEURS.

THE NEW FRENCH REHEA

HERAPION NI THERAPION NⱭ2 THERAPION NO

So, for Bilder Caseris. "74 3 før 100% à 1998 Disease 7 ¿lfa. 2 tar vtrokis Wankz

ZMIKAON MAREEM WORD * YULIAN

NE RIVE. PLATE LEVELEN TEGENUINE mbali

25, WING WOO ST.

CENTRAL

THE CHINA PROVIDENT LOAN AND MORTOAGE CO., LTD.

(Capital Paid up..$1,250,000,1

Hidaanan Mosiqaga mi Horner jó mozgaya, fr

Good red on Starugu

3 Avenue mag in Meriani w Loana made so the Promidext $. de

TRUSTEE, EXLCUTOR DE WHIS ATTORNEY, da. EnJeriatra and Kimu**]

Blason and Perta alenavn appliamsunna

SHEWAN, TOMES & CO.. General Managers,

NORTH BRITISH

AND

MERCANTILE INSURANCE CO.,

in which are vested the shares of THE CCFAN MARINE INSURANCE CO., LTD.

AND

__THE_RAILWAY PASSENGERS ASSURANCE CO.

The Undersigned AGENTS for the above Company are prepared | to ACCEP.

TUESDAY, MAY 18, 1920.

STOCKS ON HAND OF MARINE MOTORS

From 4 to 60 H. P.

REPRESENTING THE REST OF THE

BRITISH AND AMERICAN MARKET.

ALEX ROSS &Q

ES-BES VOEUX FON-C CARDGE KOWICON,

TEX:#7

DEAFNESS

Reserve Fund. The special dividend, authorised by the Con- AND Notes In Tun HRAD, sulting Committee at their Meet-Scures of apparently “hopeless” case ing above-mentioned. to be paid bare teen completely cured by the leut of the Reserve Fund, amourt- well known ** French Orlena." fed, at exchange 86%, to £88311. | SOTHING EQUALS TUIS SIMPLE 133, 44. This Fund is thus reduced REMEDY. Price jer Box

to 1195,312.10,0.

Booklet Free.

THE RUBBER POSITION.

INVESTMENT PROSPECTS.

The financial editor of a Home paper writes: The outstanding fact about the present state of the rubber market is that rubber is probably the only important cam-

The proposed appropriation of Orlene' Co., Station Rd Croydon. Eng-modity which has not risen in 254,657.10.0 to the credit of this| Kny good class Druggist can obtain price since the war. Both the Fund out of the profits of the year this remedy to your order, or it can be 1918 will bring the Reserve Fund obtained direct from us upon receipt up to £250.000.-

1918 Account. -After paying ar |interim dividend of $18 per share Jon 21si. May. 1919. the amount standing to the credit of this Ac- count is $1,296,175,85,

This it is resolved to deal with

in the following maaser:--

To pay a final dividend

of $12 per share ..$ 120,5@N00 To add to Sterling

Reserve 554.687.10.0

Fund

To add to Reinsurance

Fund

To add to Underwrit

ing Suspense Ac- count to close the "Year" 1975

224358.97

100,000 5

TS16.ST

$1,296.175.88

uf coal

PROHIBITION

" PUPPETS."

VICAR SUGGESTS GUM. CHEWING CRUSADE

Para and plantation varieties stand in the neighbourhood of 29. 6d. per lh, which is alightly less than the price current in 1914. and of course very much less than the high figures reached in) the foam year 1910. The reasons | for this failure on the part of rubber to share in the general appreciation of all other commo- dities are not far to seek.

.trees

On the side of supply the out- put has been increasing with "Every speaker spoke on the eat rapidity during the last fe assumption that we are a nation years. A rubber tree can, in of drunkards," says the Rev. B. G. Beneral, be tapped five years Bourchier, Vicar of St. Jude's after planting, and it comes into Hampstead Garden City, in an full bearing eight or nine years

Τάμε after planting. article in his parish magazine dealing with a prohibition meet-planted in 1911 ing beld recently at the Garden Dow in full bearing and trees planted between 1912 and Suburb Free Church......”

[1910 in partial bearing YOR More specibus arguments very heary plantings Look and more fallarious reasoning." place in 1910, the year of the be preceeds, "Į bave never boom which saw the lotation of beard. Such

latel is a probably half the companies now

or earlier are

NOTICES

WILLIAM C. JACK

A 00., LTD

WHATEVER IS WORTH DOING IS ...

WORTH DOING WELL

Is the motts of our Wanchal Workshops They are equipped for :—

General Engineering and Electrical Work Klostro silver and nickle Plating

Tinning, laequering and Bronzing

Repair work of any description

And above all wor prious'aro right and wa nan give prompt delivery

HEALTH against SICKNESS

TRADE MARK

By taking on “ BOGOTER BRAND" MACARONI, PASTE ASTANA, EGG-MOUDLES, VERRICKLLI, or what kinda at, Swap Sinks RIVELABLY you will have na sampinist së say link at tickname, as all our Products, being manufacture trs Flour of the Best Cheaty and väder the moet Sanitary Method, can be suatu dizustni kad give you GOOD HEALT VATRENGTIE

Laygu quästilien harp deur raporteă la variada pazie Yent rejected Cedere will erreise zut prompt nad Šareluš Terme --derate, vijmerally for Apemore.

ATTENT CAN

THE HING WAH PASTE MANUFACTURING CO., LTD.

HEAD OFFICE : Hongkong. Hoa 47 & 48 Consbegie Ross Central. Tel Ma, 2230. BRANCH OFFICE: Shanghai, Nos. 450 à 431, Kanking Roa FACTORIES: Monghang. Wing Hing Street. Canseuty Bay, and Shanghai, No. 7%,

Norm Sacher Road,

IN ALL MATTERS CONNECTED WITH

HOUSE & OFFICE FURNISHING,

"HOP CHEONG" Service symbolises with Sterling Quality, ultimate Economy and Guaranteed Satisfaç- tion. Try it to prove it

ACEALS PAINTS FOR SALE

Telephons No. HOP CHEONG

05-

55, Queen's Road Central Manufacturers & Expo.ters of High Grade Furniture.

FRENCH LESSONS.

G. MOUSSION,

15, Morrison Hill Road.

1919 Account. The punt libel. and the man who can sit in existence, and in the following | ENGLISH BATHING CAPS.

standing at credit of this Account down and tolerate a slander of three years 1911-13: During the

ția $1,315,763.52. . Out of this the this kind is a worm.

succeeding years in consequence General Agents and Consulting | Committee have declared an in-Christianity. Lock away every light

Prohibition is the negation of of the slump in the price of the commodity plantings were very terim dividend of $18 per share. thing which, if misused, may be-twocheioas deductions-first, that From these farts follow absorbing $130,000.00. The ba. lance of $1.65.161.52 will be tar-duced God's children to the level years the rate of increase of pro- Tel.

come harmful, and you have re during the past two

or three of puppets, ton naughty and tooduction has been exceedingly “Consulting Committee. - Mr. weak to be trusted."

high and secondly, that the rate White resigned his seat on aerount

"With equal propriety an Eng-jef increase may be expected to of his departure from the Colonishman should go to the United fall off rapidly after, say, next and Mr. 6. W. Barton was invited States and lead a crusade Imach year.

ried forward.

to fill the vacanty.

The C.M.G

needed)against the habit of gum-} Coater.chewing and spitting.

Hon. Sir Paul

Sir Robert Ho Tang. Messrs. Barton, Compton, Gubbay,j

Maitland and Pearce lire be being eligible, fer themselves for Reserve Fundi re-election.

Reinsurane Fuqd.. Auditor. The Accounts have Investment and Ex- beep audited by Mr. H. Percy

range Fluctuation |Smith, F.C.A, and The Hon. Mr.j Account

A E. Lowe. F.C.A., whɔ, being Enderwriting eligible, offer themselves for re election.

JARDINE, MATHESON & CO.LD.

General Agents. Working Account 1918. Losses and Clairns

Paid

$1,500,355,341| Charges

38.314.02

פ*

War

Donation

Charities RISKS against Commissions FIRE at Current Rates,

Balance, as per Ba- SHEWAN, TOMES & CO. lance sheet

Azenia.

MASSAGE HALL

13. FLOWER STREET.

MR. T. TAKAYE, MRS. MOHITA. CERTIFICATED MASSEURS. Patus Terated in Truch Own Bonu

DzIA

PUBLIZED ANNUALLY.

THE

LONDON DIRECTORY

with Provincisi &"Turcig» Sectone, di, konālie kračera to vrulmanícater dir set WILD KURUPACTURERS & DEALERST

in London and is the Provincia? Towns «NĀ Industrial Centres miške. United Kingdres and the Continental Europe. The me actress and other detalo kru niamitied under more than 1,000-trade bondings, fratrading EXPORT MERCHANTE

with detailed particulars of the Duoda sitippel And a Colonial and Foreign Markata scypled : {

STEAMSHIP LINES amaged ander the Porte to which they mi?, had indicadizze the appropionate, Bellinge

Due be BUSINESS CARDS of Firms desiring in extend trait contestlers, or Trade Carde di DEALTRE BEEKING AGENCIES

· can be printed als erat-cf £1,10,0 for each trada bir ding under which they are inversed. Larger advermemente frogs 23 to MIS

A sopy of the directory will be meat by parcel polar, halt coal with order.

THE LONDON DIRECTORY, CO, LTN

29. Alchurch Lane. Lorées, E.C24, England.

BUSINESS ESTANLIKHED 106 TEARS.

Spa-

DNI

pease Account Uncollected dends Accounts payable Working

Acccart 1918, as per State- meet-$1676;175:35- Less Interim Divid- end at $18.00 per Share paid 31st May, 1919. $130,009.00

10,000,00 #503.327.99){

Working Account 1.476.175.85

1910 -per States. ment -32,423,647,87

Set Premia Received..

less Returns and

Re-insurancea $3,192.474.49

Interest Transfer Fees

Assets.

292,12640 Cash in hand and in

67.00

$3,484,567.83

Working Account 1919. Losses and Claims

paid tharges

Commissions Balance, as per Ba-

lance Sheet

Net Premia Received, Jess Returns and

$ 587.236.29 32.623.10 227.509.80

1,815,763,52

$2,713,187.71

transit and on Car- rent Account and Fixed Depositawith Banks Gold Investments:-

British, Indian and Colonial Govern- ment Bonds and Stacks Foreign Government

Loans British, Colonial & Foreign Railway, & Port Trust Bonds and Stocks....... Silver Investments:--

Re-insurances....$2.409,456.63 Hongkong Govern

Interest... 7797. Transfer Fees

303.036.03 95,00

$2,713,137.31.

Kalance Sheet. Liabilities. Capital: 10,000 Shares

of $250 each. $2,500,000 of which $100 per share has been paid up

ment 6 per cent War Loan of 1016.. Mortgages, Loans &

Debentures Other Investments.. Agency Balances Accounts Receivable

ACCUMULATION OF STOCKS.

A NEW STOCK OF THE ABOVE IN VARIOUS COLOURS IS JUST TO HAND.

345.

THE PHARMACY

(Fletcher & Co., Lul) 22. Queen's Road Central.

Tel,

345-

On the demand side the position a particular share for investment the prospective net profit per bas, of course, during the last five the advice of a first-rate broker acre at matorily. Capitalising years been governed entirely by who specialises in the rubber this at 10 per cent, we get a 301,232.05

war conditions. The blockade market is almost indispensable, maturity value per acre of £150. 1,178.223.27 cut off the Central European and the following remarks upon

marker altogether, and while over some of the considerations to be Thus in the case of the Nor- the rest of the world the military taken into account must not be danal estate the present value 413,036.00 i demand was exceedingly, heavy it regarded as rendering expert of the shares does not allow much

I was to a large extent satisfied at advice panecessary. The first scope for capital appreciation 310,280.00 the expense of the civilian depoint to be considered is the while the present low price of the | mand." The net result has beer" market valuation" of the estate commodity continues.

But an 29,666,99 a considerable accumulation of per acre. This is simply the increase of only 3d. in the net 106,010,09 stocks, amounting at the present value at present market price of profit per pound woold raise the time, it has been estimated, to the share capital of the company maturity value to £200, and a about 100,000 tons, while the pro-divided by the number of acres) profit of 29. per pound would faction for 1919 of about 350,000 in the estate. To take an ex- mean a maturity valuation of | tuns is likely to beincreased during ample at random, the capital of £400 per acre. It is apparent.

the present year by some 50,000 Mordana) (Johore) Rubber therefore, that in the case of tone. Thus the total quantity Estates. Limited, consists of many of the younger companies available this wear may be some-280,000 shares of £1 each, szand-¦ whose shares stand at levels thing like half a million toos. ing at about 365. at the present¦ giving a market capitalisation per 1.295.175.83; The consumption demand last time. This gives a total market; acre of £100 to £150 per acre, a

year was about 330,000 tatts, so capitalisation of £364,000. The very moderate increase in the that the supply available this gear acreaga planted is 2676 acres i prize of mobber would afford the........... 1,315,763.52 | will be sufficient to meet a des grying a market valuation par prospect of a considerable 37- mand increased to the extent of acre of about 195. Now, in order | preciation in capital value. about 50 per cent.

to gauge the chance of capital | Many of the older estates, on the appreciation it is, of course, other hand, already stand · sa That the actual demand will bei necessary to estimate the net high as £150 or more per acre. greatly in excess of last year's profits of the estate when all the (on the basis of 9d. per pound is almost certain in view of the trees bare reached maturity. rapid developmen: of motor trans-

37,011,471.80

3 1,273,194.69

profit), and in their case the pro bability of capital appreciation is

port all over the world, and of the To make such an estimate. we not so good, though, on the fact that in Central Europe rubber have certain data which are other hand, the advantages of

WAR HADE MEN HEAVIER

is virtually non-existent to-day. more or less reliable, namely, the greater present retu›n and greater On the other hand, it is unlikely acreage ander trees and the prosecurity are not to be despised. that the effective demand this pective yield per acre when in year will be sufficient to keep full bearing. This latter figure pace with the increased supply varies a good deal according to It is premature, therefore, to look the locality of the estate, but -2,595 627.03 1

for any sensational-rise in the may be taken up an urürage" "at price of the article, while it may about 400lb. per acre on a well- 310,971.56 be regarded as almost certain managed estate which is free

that in the course of the next few from disease. The other factors Service in the army during the Washington, March 30.--- years a substantial recovery will in the calculation. namely, the take place. For these reasons the market price of the commodity World War gave an average 156,058,87 rubber market is not without when the estate reaches matur in weight and 23 inches in height. increase per-man of 3.35 pounds attractions for

the judiciousity, and the costs of production according to compilation of the investor who is content to wait the "all-in" costs.--are of course and will not look for more than more a matter of speculation, physical measurements of 873.159 100,000.00 modest results for some little At present prices an average of

The average weight of time. For it may well be that more than 2. a pound should not 54 pounds and the average height. men on being indocted was 141.– when the inevitable slump follow-be allowed, as all estates pro 67.49 inches, which were increas in induce a proportion of inferiored at the time of discharge to ing the present boom dustrials comes the rubber rubber.

Albin co-is vary market will not share in it, just from about Is, to is. 6d. A decrease of one-tenth of an inch 144.89 pounds and 67.72 inches. as it bas not so far participated pound, so that as matters stand a in the boom.

1,678,812.56 407.241.02 302.165.70 137,098.47

$7,011,471.80

VALUE AT KATURITY,

men.

net price of GJ. per pound would in height was lost by American be a good result, Reckoning a men between the Civil War and ffaturity yield of 4001 per acre the World War. The average -$1,000,000.00 Sterling exchange taken at 410%. tion to-day. In the selection of we arrive at a figure of £15 89/mas 67,6 inches.

So much for the general poeia net price of 9d. per-pound, height at the time of the former.