322 



THE INDIA RUBBER WORLD 



[June i, 1910. 



Some Rubber Interests in Europe. 



GOOD PROFITS OF MANDLEBERG. 



AT the annual meeting of shareholders of J. Mandleberg 

 & Co., Limited (Manchester, March 31) the reports 

 showed the largest profits for any year in thi 

 hist r\ —£49,519 3.$. 9</. [=$240,984.21]. While the 

 subject is not touched upon in the report, it maj be men- 

 tioned that whereas the business of the Mandleberg com- 

 pany was confined to waterproof goods, they now control 

 Lutein- in other branches of the industry, notably The 

 United Rubber Co., Limited, at Woodley, near Manchester. 

 The company ; con tituted in 1889 had a capital of £20,000 

 in 7 per cent, cumulative preference shares, £120.000 in ordi- 

 nary shares, and £70,000 in 4V2 debentures. Two points of 

 interest in the latest report are: (1) The debentures have 

 been reduced to £7,000, and the whole issue is to be retired 

 next year; (2) the ordinary capital has been increased to 

 £180,000 by the issue of 60,000 new shares, as a bonus to the 

 original holders, representing individual profits of the com- 

 pany. The following table shows the distribution of divi- 

 dends on the ordinary shares for the past fifteen business 

 years: 



1895 5 7o 1900 15 % 1905 10 % 



1806 IOOt l/'A% IOO6 12^2% 



1897 6 % 1002 l/ l A% 1907 12}/ 2 ?C 



1898 10 % 1903 20 % I908 i2y 2 % 



1899 I2j/<% 1904 I2j4% 1909 l2y 2 7o 



DUNLOP RUBBER CO.— INCREASE OF CAPITAX. 



A meeting of the Dunlop Rubber Co., Limited, was called for 

 April 12. for the purpose of considering a resolution for in- 

 creasing the capital of the company. It was proposed to transfer 

 £480,000 from the reserves, as a permanent addition to the capital, 

 which has stood at £240,000. The plan was to issue to share- 

 holders new fully paid up shares for an amount equal to double 

 their former holding, thus increasing the paid up capital 

 to £720,000. The proposal was approved. 



The directors of the Dunlop Rubber Co., Limited, declared an 

 interim dividend, at the rate of 100 per cent, per year, for the 

 half year ended February 28, 1910. 



LATEST NEWS REGARDING "VELVRIL." 



F. Reddaway & Co., Limited (Manchester) have purchased 

 from the liquidator the factories and business of The Velvril- 

 Bounand Co., Limited, in London. The basis of this latter busi- 

 ness was the manufacture of "Velvril," patented by Walter F. 

 Reid. [See The India Rubber World, June 1, 1908 — page 294.] 

 Tlie Messrs. Reddaway. according to The India-Rubbcr Journal, 

 mean to carry on the manufacture of the Velvril product, which 

 is a substitute for leather, on an important scale. 



COLONIAL RUBBER CO. IN GERMANY. 



Koln-Ehrenfelder Gummiwerke Aktiengesellschaft, at Co- 

 logne-Ehrenfeld, has gone into liquidation. This business orig- 

 inally was the German branch of Coloniale Caoutchouc Societe 

 Anonyme, of Brussels, and was devoted principally to working 

 in Germany the Cox ball patent. The company style above men- 

 tioned was adopted in the latter part of 1907. After various 

 changes in their business, the works were devoted to the manu- 

 facture of mechanical rubber goods, but at the end of last year 

 the decision was reached to go into liquidation. 



WASHING CRUDE RUBBER. 



The Crude Rubber Washing Co., Limited, registered in 

 London, March 31, 1910, with a stated capital of £250,000 

 [=$1,216,625], has been formed for the purpose of acquiring 



as a going concern the rubber washing business of the British 

 Murac Syndicate. Limited (London), together with the rights 

 for using the patent of Morland M. Dessau for purifying and 

 cleaning rubber, and also for the purpose of working in con- 

 junction therewith machinery invented and patented in 

 France and other countries by Leon Guignet, of Lyons, so 

 far as the same relates to the cleaning of rubber. A small 

 inaugural plant has been in operation at the works of the 

 British Murac Syndicate, Limited, since October, 1908, witli 

 results referred to as being very satisfactory. In view of 

 the important proportion of the world's rubber production 

 now coming to market containing impurities — often to a 

 very large per cent. — the proposition is to supply central 

 washing stations, so to speak, at which individual manufac- 

 turers will be able to buy in a clean condition any grade of 

 rubber which they may desire. The machine invented by 

 Leon Guignet [see The India Rubber World, March 1. 1910 

 — page 202] is in use already in the French Congo and ar- 

 rangements have been made for its use by the recently incor- 

 porated Madagascar Rubber Co., Limited. The board of the 

 Crude Rubber Washing Co., Limited, embraces Mr. Maldwin 

 Drummond, chairman of the British Murac Syndicate, Lim- 

 ited, and Mr. R. Phipps Hornby, a director in the Madagas- 

 car Rubber Co., Limited. The manager of the new company 

 is Mr. Morland M. Dessau, joint manager of the British 

 Murac Syndicate, Limited. 



BRITISH NOTES. 



Extensive damage was done, by fire, on April 6, to the large 

 works of P. Frankenstein & Sons, Limited — Victoria Mills, 

 Newton Heath — Manchester, England. The buildings remain 

 standing, but valuable machines and goods were destroyed. 



W. T. Henley's Telegraph Works Co., Limited, report a net 

 profit for 1909 in excess of 1908, although in some respects the 

 year had not been a good one for the trade. The best feature 

 of the year had been the extension of the company's foreign 

 and colonial trade. Dividends were as usual — 15 per cent, on 

 £200,000 of ordinary shares and i,V 2 per cent, on £350,000 of 

 preference shares. Counting as capital the £200,000 of reserves — 

 on which no dividend is paid — the return works out at an average 

 of 6 per cent, on the total capital. 



Liverpool Rubber Co., Limited. — Dividends of 5 per cent, on 

 the preference shares and 2 per cent, on the ordinary shares 

 for the business year 1909 have been declared. The ordinary 

 dividend is the same as for the preceding year. For four years 

 before that there was nothing for either class of shares. The 

 capital is £130,000 [=$632,635.] 



W. T. Glover & Co., Limited (Manchester). — At the last annual 

 meeting the payment was authorized of the usual dividend on 

 the 5 per cent, cumulative preference shares and 5 per cent, on 

 the ordinary shares. 



The Victoria Rubber Co., Limited (Edinburgh). — The dividend 

 for the business year ended December 31, 1909, is 10 per cent., 

 with a bonus of 2\/ 2 per cent. 



A ROYAL VISITOR IN A RUBBER WORKS. 



Prince Henry of Prussia visited Hanover a few days ago. 

 Shortly after his arrival he proceeded to the home of Direc- 

 tor Willy Tischbein, of the Continental-Caoutchouc- und 

 Guttapercha-Compagnie, where he breakfasted. The Prince 

 thereupon paid a visit to the Continental works, where he 

 inspected very thoroughly the various manufacturing depart- 

 ments, under the guidance of Kommerziernrat Seligmann and 

 other members of the board of managers. He appeared to 



