Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1911-06-05
RUBBER COMPANY
HOLDS Meeting
Increase of Stock to Develop
Taniong 0lok Plantation
Considered.

The annual meeting of Taniong OlOk
rubber plantation, In the Malaysian Is
lands, Is being held this afternoon at
o'clock at the offices of the Water
house company, and the annual meet
ing Of Pahang the other Malay plnnta-
ton in which local capital Is largely
interested, win follow.
Facts and figures that point to n
bright and profitable future for these
plantations and substantial returns to
their stockholders are contained in the
reports Of Frank G.. Wallace the Tan
jong Olok manager; Andrew Grant the
district surEeon Fred r. T.. Water
house, treasurer. and the Waterhouse
company. agents. In his report Man
ager Wallace notes that tapping was
started year earlier than had been
expected ana all was reported In good
condition. In summarizing up the con-
ditiCns, the report Of the agents says.
The managers estimates during
past years have not been exceeded to
any extent, as you will find by refer
ring tn previous reports. 1t has how
ever, made 1t necessary for the COM
pany to raise more funds to complete
the development, and as favorable
terms can not be made through issuing
bonds or borrowing money. the direc-
tors have called an extraordinary gem
eral meeting Of the company for the
purpose of considering n resolution to
Increase the capital stock of the COM
pany
While there are some reasons
against the increasing Of the capital. It
win put tho company In Il position to
he ON a dividend paying basis, with
out and Indebtedness to provide for,
fully n year sooner than II would 9TH
erwise
we are ut the present time getting
enough rubber from the area that IL in
bearing Ia pay for the upkecp Of this
area and make q profit besides, so that
II funds are provided for taking care
of the unproducing area, we would
have an available cash profit at the
end of this year.
Tapping Many Trees.
ION December 81. 1910 we were tap
4
equivalent to tapping every tree on an
area Of 30 acres planted 200 trees per
acre, and by July Of 1911 we win be
tapping at least 10000 trees.
THE manager also estimated in his
1909 report that the trees should pro-
duce IL or. of dry rubber per month
for each tree tapped. During 1910. IL
4
been tapped every day, we should, un-
der this estimate, have produced 1860
lbs. of rubber. The actual production
was 1925 lbs, which, when we take
into consideration the difficulties that
arise in organizing tapping force from
green coolies and the number Of times
we consequently were unable to tap all
the trees, we would find that the esti-
mate of l2 Oh per tree per month,
instead OF falling short less than . 1-2
per cent, would have been exceeded.
"The total amount received from the
sale of the 1925 lbs. of rubber was
$1345 L. s gold, plus SlO9 or $l454, the
SlO9 being amount received, when the
rubber was sold in February, in ex-
Cess of the inventoricd value Of De-
cember 81, 1910, The cost Of tapping,
collecting, factory and shipping charges
was $497.
1911 Crop.
The output for tho first quarter of
1911 was 17lS lbs. of dry rubber. AZ
the manager has made no estimate In
his report, we will supply the follow
ing as a conservative estimate:
Second quarter-MlnImum, 1000 lbs;
maximum, 2050 lbs.
Third quarter-Minimum, 1912 lbs;
maximum, 5000 lbs.
Fourth quarter-Minimum, 71lO lbs:
maximum, 10000 lbs.
"Total-Minimum, 1880 lbs; max
imum, 1898 lbs"