The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1906-12-05
NEW RUBBER
CORPORATION
A Pahang Company Is
Being Organized
Here.


for articles in rubber and the adoption
of that commodity for purposes I'M
known a quarter of a century ago is
RAPIDLY exhausting the worlds supply
| of that article Old areas adapted to
the growth and cultivation of the rub
Ter tree are being extended and new
ones explored and planted in order that
the supply may be brought up to
quantity necessary for the commerce in
that line.
Ceylon has long been known as a
productive spot for Para rubber, but it
has not been many years that the
care and attention necessary to the
trees to insure the best results, and the
treatment of the wild rubber trees by
the native gatherers has been detri-
mental to that industry.
A comparatively new and desirable
field is the Malay States. The condi-
tions as to soil and climate are CAPT.
tally adapted to rubber and during the
past ten years a number of planta-
tons have been started throughout the
states. few months ago a rubber
planter from that section, Davidson,
who is also a heavy grower in Ceylon.
said while here that the conditions in
Malay are even better than in Ceylon.
that the class and quality of laborers
available and the means of transporta-
ton all tended to benefit the planter
in Malay to great extent. That gen.
tleman had a small holding in Malay,
near the lands leased to the Pahang
Rubber Co., and he had refused a
cable offer of two hundred thousand
dollars for his holding in that partic-
ular plantation.
In Ceylon and Malay there is grow
ing tendency to cultivate in the main
the Hevea, considered the best for all
purposes. This Mr.. Davidson is a large
holder of shares in several of the big
rubber companies in Malay and was
one of the early buyers in the Selangor
Company at a pound a share and sold
recently at four pounds a share. Since
he sold, the shares have gone to double
that figure. The Sandycroft, which adj
oins the Selangor, recently made it's
first StrippingS, and the result was
nearly a pound of rubber per tree. In
the last two years the company has
paid twenty-five per cent dividend on
the capital stock of $4,000, and it
hopes to pay fifty per cent. next year.
This gives an idea of the profit in
cultivating rubber trees. AS to labor,
Mr.. Davidson says there is plenty Of
it throughout India and the Malay
States. for the reason that the British
government prefers to keep their
coolies at home, and the government
keeps watchful eye on them even
after they enter into contract with the
rubber companies at a small wage rate.
The Pahang Rubber Co., which was
incorporated yesterday, will be OPP
Grated by local capital. The lands
under lease to it are admirably situated
and were selected by DR.. E. c. Wa
terhouse last year during his visit
there. He travelled extensively through
out the states with Mr.. Harding and
visited localities where they obtained
information without his intention be-
ing known. In the matter of acessi-
bility, Mr. Davidson remarked while
here that the locality could not well be
surpassed, being on a splendidly-ma-
cadamiZed road over which an auto
mobile and OK service were operated.
According to him the opportunities
for large profit in the cultivation of
rubber are near at hand for 1t is of
record that one of the companies in
| Malay, near the Pahang lands, paid a
dividend Of 12O per cent. the second
year Of tapping. The leases owned by
the Pahang Co. are from the govern
Inent and are for period long enough
to warrant the improvements that will
be made. There is already 100 acres of
land cleared and will be planted in
Hevea as soon as the young trees may
be moved
three acres comprise the nursery and
the land is full OF young Hevea trees
In preparing the soil for a nursery all
of the old roots are taken out and the
soil pulverized by hand Then the
holes are dug and the cuttings or seeds
planted and nourished until they are
old and strong enough to be removed
and transplanted.
The capital stock of the Pahang Co.
Is $150.o00 and Is assessable only up to
its par value of ten dollars a share
and the assessments are to be made
quarterly in small amounts. The com
pany will be controlled locally and It
Is believed the stock will all be held
here. That it will meet with ready de-
mand is evident from the names of
the men who will be at the head of
the company. The officers are: E c.
Warehouse. president; D. P. r. Isen-
berg. vice president: Fred. T. P Wa
terhouse. secretary and treasurer; E
A knudsen. A. w. Carter and c. B.
Hemenway. directors.
The property consists Of a leasehold
Of 1000 acres in the State of Pahang and
runs for s99 years. The rental for the
first six years is fifty cents. Straits
coin. per acre for the first six years
and 81 per acre for the balance of the
term. The rate of exchange is estimat-
ed at so cents for a doliarat at present
but this varies and is often as low as
~ cents Mr.. Harding. who went to