November 1, 1913.] 



THE INDIA RUBBER WORLD 



63 



terests of the country. (Referred to Drs. Barroso Rebello, 

 Amando Mendcs, Pedro Boulhosa, Adolphe Goncalves and Fran- 

 cisco Coutinho, Jr. The replies were to be presented within 

 thirty days.) 



BRAZILIAN LOAMS. 



The American Consul General at Rio de Janeiro, in his report, 

 published in part by the Bureau of Foreign and Domestic Com- 

 merce on September 24, states that two emergency loans, both 

 for £2,000,000 ($9,733,000) have just been negotiated in Europe, 

 one by the Federal Government of Brazil to pay for material and 

 supplies contracted during the year, and the other by the Sao 

 Paulo government to assist the planters in that state to move 

 the coffee crop; and that both of these financial measures, it is 

 believed, will also afford relief to mcrcliants in Rio de Janeiro 

 and Sao Paulo, whose business recently has been paralyzed, owing 

 to the scarcity of money in Brazil and the difficulty of securing 

 advances from the banks at reasonable prices. 



DE. PINTO' S LABORATORY IN FAEA. 



According to the Official Bulletin of Brazil, the Minister of 

 Agriculture of the republic has entered into a contract with 

 Senhor Carlos de Cerqueira Pinto, inventor of a special process 

 for the preparation of india rubber without smoking and for 

 the conservation of the latex of seringa, according to which 

 the Senhor is to construct a laboratory at Para, within a period 

 of twelve months, for the preparation of the ingredients of his 

 process, called "liquid seringa." "lactina" and "cauchina." This 

 laboratory is under obligation to provide sufficent ingredients 

 for the manufacture of 1,000 tons of india rubber as a minimum. 

 These ingredients will be the property of the manufacturer, 

 but he cannot e.xport them without the consent of the Federal 

 government or sell them in Brazil at a higher price than 200 

 reis (11.1 cents) for a quantity sufficient for the manufacture 

 of 1 kilogram (2.2 lbs.) of india rubber. During the first three 

 years of his contract, Senhor de Pinto will furnish gratuitously 

 to the Minister of Agriculture, a sufficient quantity of his in- 

 gredients for the manufacture of 10,000 kilograms (22,046 lbs.) 

 of rubber per annum. In remuneration for his services Senhor 

 de Pinto will receive various sums, amounting to a total of 

 1,200 contos ($385,200) plus 100 reis (5.6 cents) per kilogram 

 of rubber produced without smoking, by means of his ingredients, 

 up to a maximum of 1.300 contos (say $417,300). He will also 

 receive the benefit of all exemptions from taxation permitted by 

 the law. 



In twenty years Senhor de Pinto's laboratory, with all its 

 belongings, machines, accessories, fittings, etc., will revert to the 

 Federal government. 



BEOROAMIZATIOir OF MESSRS. B. 0. AHLERS tc CO., PARA. AND 

 XESSES. AHLEBS & CO., HAN ADS. 



The partnership under which the business of the two above 

 houses has been conducted has recently been dissolved and new 

 firms have been established, in both of which Mr. Rudolph Otto 

 Ahlers and Mr. Arthur Friedrich Seligmann are interested, with 

 the co-operation in Manaos of Messrs. George Deffner and Paul 

 Fehre. The titles of the separate firms are : Seligmann & Co., 

 Para, and G. Deffner & Co., Manaos. 



FOBEION TRADE OPPGETirNITIES. 



A late September report of Consul General Julius G. Lay, sta- 

 tioned at Rio de Janeiro, contains the information that a contract 

 has been made by the Brazilian Government and the Sociedade 

 Anonyma Martinelle for the establishment of a rubber refinery at 

 Manaos, Brazil, and that American building materials, such as 

 cemetit, iron and steel structural material, roofing, lumber, build- 

 ers' hardware, etc., could be sold to this contractor. Offers to 

 supply material, prices, etc., will be forwarded by this consulate 

 general to the Sociedade Anonyma Martinelle. 



ANNUAL REPORT OF THE INTERCONTINENTAL 

 RUBBER CO. 



'X'HE annual report of the Intercontinental Rubber Co. was 

 ■*• issued on October 6 by Secretary Walter Dutton from the 

 company's office in Jersey City. The report includes a balance 

 sheet and a statement of profits (as shown below) for the year 

 ending July 31, 1913, and contains the following interesting para- 

 graph : "The conditions in Mexico during the past year have 

 been particularly trying. Interruptions to traffic, field and fac- 

 tory operations have been more frequent and more serious than 

 in previous years. Since June 26 our Torreon factory has been 

 entirely closed, and since 1st of June it has been impossible to 

 communicate with Torreon, except at rare intervals, when mes- 

 sengers were dispatched on horseback to some other city." 



The items of invested securities shown on the balance sheet 

 represent bonds and short-time notes purchased in the market 

 and taken at present market quotations. Regular dividends on 

 the preferred stock have been paid during the year. 

 Balance Sheet— July 31, 1913. 



ASSETS. 



Investments in Stock of Merged and Subsidiary Companies : 



By cash $2,115,321.59 



By stock issues 28,198,575.30 $30,313,896.89 



Patents (exclusive of subsidiary companies) 



Treasury stock (fractional shares resulting from 

 retirement of preferred stock 



Accounts and notes receivable, etc. : 

 Advances to subsidiary companies $677,434.85 

 Sundry accounts 23,659.22 



15,141.77 

 2,500.00 



701,094.07 



Investment securities (market value) 1,415,093.75 



Cash L30U36.88 



$33,748,863.36 



LIABILITIES. 



Capital stock : 



Common $29,031,000.00 



Preferred 1,250,000.00 $30,281,00a00 



Accounts payable, taxes accrued, etc.: 



Due subsidiary companies $138,233.54 



Sundry accounts 1,716.13 139,949.67 



Reserve accounts 1,130,103.58 



Surplus (as below) 2,197,810.11 



$33,748,863 36 



SURPLUS ACCOUNT. 



Surplus, August 1, 1912 $2,110.94012 



Gross profit on operations $199,322.09 



Net income from securities, interest, 

 etc. (after adjustment of invest- 

 ment securities to current market 

 value) 61,002.05 



$260,324.14 

 Less^Administration and general 

 expenses 54,95415 205,369.99 



Charges against surplus : 

 Reserve against investments in and 



loans to subsidiary companies.. $31,000.00 

 Dividends paid on preferred stock 87,500.00 



$2,316,310.11 



118,500.00 



Surplus, July 31, 1913 $2,197,810.11 



