Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-05

of a total authorized capital OF $50
100000. Certainly a small capitali-
zation for a worldwide concern and
one that is doing business all over the
world.
! In addition 1t would seem that the
| Royal Dutch Petroleum company ts
| remarkably prosperous in these days
| az several OF its subsidiaries have
been paying handsome dividends
during the last year, as for instance.
! the Adsiatic Petroleum company.
capitalized for 100000 pounds. has
paid l25 per cent on It's nominal
capital.
Everyone here is fully aware Of
the remarkable luck the Roxana. one
Of the Royal Dutch Shell subsidiaries
has had in the mid continent field
but few items concerning the sctivi-
ties Of the second largest Oil concern
In the world may be OF interest.
IL paid last year As per cent divi-
dend. In American money the amount
was 37.66 per share
The company has a surplus Of
80, 900.
The nominal value OF the shares
owned is $7S,5SO,O00, which stands
| on the books OF the company as
i56,5S0, 900. IL is estimated that
there Is a hidden reserve OF Slg2 20
10000, accruing to the stockhold-
ers. In addition TO this while the
fleet OF tank ships has been reduced
since the beginning Of the war by
$4,000 tons OF ships torpcdoed, that
the loss has been made good by the
purchase OF ships formerly char
tered and the acquisition OF sailing
D -. Il
additional SO. 900 tons OF ships dam
aged by torpedoes and mines have
all been salvaged and repaired The
losses were fully covered by insur-
! ance.
The production OF the company
was 34,324.000 barrels against 35.-
| 10000 barrels, OF which e,767,O00
was produced in the United States
DUTCH EAST INDIES: The pro-
duction in North Sumatra was con-
siderably increased by new field
opened on May 5. 1917. and where
we'll started by a production Of
| $500 barrels per day. Up to De-
| cember 81 this well had produced
l,295,00O barrels OF oil. The total
production increased to some extent
and Would have been considera bly,
more II the company had been able
to finish it's increase OF storage ca
pacity. which is proceeding very
slowly in consequence OF want Of
material through the war.
EGYPT: The production has
more than doubled, and the eNtens-
ion of the refinery at Suez was OF
considerable benefit. There Is un-
der construction a further refinery
which commenced satisfactory work
In January OF this year and a fur
ther increase in tho production
should result therefrom.
RUSSIA: The production from the
Russian properties increased during
1917. The Grosny properties were
particularly successful. In eonse-
quence OF the lamentable state OF
affairs in Russia II has been i'm
possible as yet TO receive actual
figures and profits for the year 1917.
In general, the company states that
wages have Increased by 500 per
cent and the taxes taken by the gov
ernment amount in most cases to
about 90 per cent OF the net profits.
The foundations of the economic life
Of Russia have been totally destroyed
through the so-called "nationaliZa-
ton" OF all banks, industrial under
takings and shipping concerns. This
naturalization is nothing more or
less than "confiscation." During
1917 the price of crude oil was raised
from so to 50 kopeck per pound so
as to give some compensation for
the increasing costs.
The Netherlands State bank is act
| ing as representative OF all Dutch
undertakings in Russia and is look
| ing after the claims OF the Royal
| Dutch Petroleum company against
the Russian authorities.
| RUMANIA: Toward the end Of