New-York tribune., 1919-07-22
Large Cain in
Profits of Royal
Dutch Petroleum
Net in 1913 Was $29,O2O,-
600. While Cash Holdings
Nearly Doubled; Russian
Properties as Liabilities

Net profits Of the Royal Dutch
Petroleum Company for 1918 were
$4,000, 900, contrasted with S17,S39,O0O
in 1917, according to advices received
here by Joseph Walker & Sons, Stock
Exchange house. The company last
year paid dividends Of 40 per cent on
S68, 900 capital stock, against 48 per
cent on s34,3S3,000 the preceding year.
In a summary Of the annual report
Walker & Sons add:
Cash on hand amounted to- $685.
600, against $14,547 900 in 1917. The
cash on hand of the Bataafsche has iu-
creased by $17,60O,OO and the liquid
assets Of this company from $4,000, 900
to S73,000,Oo0 The insurance fund of
the Bataafsche was increased from
Sl5,300000 to $19,7O0,000.
"Share holdings-The Bataafsche in
creased it's capital by so per cent and
the Royal Dutch received 60 per cent
Of this increase namely $16,884,000
stock. The Bataafsche paid on its in
creased capital a dividend of 43 per
/ NNi', HSdi oV /S per CtIlL III 1SI
The Shell Transport Company issued
bonus of shares, of which the Royal
Dutch received 362,799.
Increase in Common Stock
"Capitalization-Th common stock
authorized was increased during 1919
from $4S,240,000 to $8O,40O0 0OO Re-
serve and surplus now amount to $50
per cent, equal to SOL Is per share. The
feet stood on December 81, 1918, at
263,746 tons, as against 255,965 at the
beginning Of the war in spite of heavy
losses by submarines of $4,000 tons
"General-The chairman states in
his report that in consequence of the
great reduction in the production OF
coal, which it is estimated will amour,
to over 1oo,ooo.ooo tons in 1919, there
Is an enormous demand for liquid fuel
The prices of the same as we'll as
other oil products continue high and
considering that the visible supply of
the world is about 40 900 900 tons was
practically dcspoken before the coai
shortage, there is little possibility of
reduction in oil prices.
"In order to cope with this situation
the Royal Dutch Sheel group has pur-
Oil Company, which is the greatest
producer and second largest refner in
Mexico Plants are under contraction
and nearing completion for increasing
the refining capacity of this company
as we'll as the Royal Dutch's other
Mexican property at La Corona. Also,
the plants for the increase in refining
capacity in India and the Far East
generally, held up in consequence of
progress has already been made since
the armisticc.
Russian Output 1,250,0OO Barrels
"Thc same applies to Venezuela, In
which country drilling also has com
mcnced in new fields. The production
and refining in Rumania have recon-
menced and a certain amount of prod
uct has already been obtained Rus
sa remains considerably disturbed,
but still there has been a production
/ of ,250 900 barrels
"The Russian properties are stand
ing now on the books of the company
as a liability of $SSO,000. In the last
two years 900 has been written
off on account of Russian holdings,
which actually stood as an asset in the
neighborhood of s23,000,O00 only. On
the other hand, the production and re-
tining in Egypt have made cons derablc
strides and new topping plant and
large new storage have been completed
there"
The Equitable Trust Company has
received cable advice that the final
dividend for 1918 was paid by the
Royal Dutch Company in Holland, and
that this dividend will be distributed
to the holders of the New York" and
"American" shares as of record at the
close of business July 7, on August
next. The necessary income tu:t own
! crship certificate must be filed with
the Equitable Trust Company by the
shareholders before this dividend will
NO Maid to them