October 1, 1911.] 



THE INDIA RUBBER WORLD 



31 



it was down as low as 3 yen, 10 sen ($1.51), and afterward 

 gradually rose higher and, finally, by the end of October rose to 

 3 yen 80 sen ($1.84). From the beginning of November to the 

 end of the year, the price dropped down to 3 yen 30 sen ($1.60). 

 The market price of all other kinds of crude rubber at the end 

 of the year was as follows : 



Borneo rubber, first's, per 100 kin 



(133^ lbs.) yen 200.00 ($97.08) 



Borneo rubber, seconds, per 100 kin 



(133^ lbs.) yen 170.00 ($82.53) 



Plantation Para rubber, firsts, per 



lb yen 3.00 ($1.47) 



Plantation Para rubber, seconds, per 



lb yen 2.80—90 ($1.36-^1) 



Para rubber (from South America), 



common, 1 lb yen 3.50 ($1.69) 



Borneo rubber was classified as of three kinds (from firsts to 

 thirds) and the price of the thirds was IS yen ($7.27) cheaper 

 than the price of the seconds. Plantation Para rubber was 

 divided into five kinds, but plantation Para rubber imported into 

 Japan was only of two kinds, firsts and seconds. 



HOW THE JAPANESE INCORPORATE. 



CONDITIONS IN JAPAN. 



The general economic conditions in Japan for the year 1910 

 were quite satisfactory. Owing to the national trait of thrift the 

 savings of the people were large and material progress was made 

 in the redemption of national loans ; and available capital became 

 abundant. There was noticed also a greatly decreased tendency 

 to go into speculative ventures, a condition which prevailed after 

 the war with Russia. 



During the year there was an excellent volume of trade and 

 particularly an increase in the exportation of raw silk and cotton 

 yarn, in which the cost of production has been materially lessened 

 because of the ability to get cheap capital and owing further to 

 improved methods of manufacture. 



JAPANESE JINEIKISHAS AND RTTBBER TIRES. 



By a statement in the "Gomu Shimpo," it would seem that the 

 introduction of rubber tires for jinrikishas is giving rise to com- 

 plaints from the men who draw those vehicles. Instead of the 

 occupants feeling the effects of the quicker motion caused by 

 increased speed, they are practically saved from the results of 

 such greater agility, which they in consequence do not appreciate. 

 Moreover the jinrikisha men object to the higher cost of rubber 

 tires and to the increased tax which they involve. 



JAPANESE IMPORTS OF TIRES. 



The largest proportion of the tires imported by Japan comes 

 from the United Kingdom. During 1910 the imports represented 

 about 307,522 lbs. of the aggregate value of $358,385. Analysis 

 of the figures shows : 



Pounds. Value. 



United Kingdom 291,574 $340,467 



United States 8,037 12,032 



Germany 6,038 4,328 



France 1,872 1,558 



Total 307.521 $358,385 



THE CONGO AS AN OUTLET FOR RITBBER GOODS. 



Since the Belgian Government has been giving serious atten- 

 tion to the commercial re-organization of the Congo, that country 

 has become a center of interest for export trade. The business is 

 said to be chiefly in the hands of German and Portuguese firms, 

 who are in relation with the important local houses, from whom 

 the small native dealers get their supplies of wearing apparel. In 

 the last-named branch, rubber manufactures are said to be of 

 importance. 



CO MUCH interest has been shown by the trade recently in 

 '-^ Japanese rubber companies that we have made an abstract 

 of the articles of incorporation of one of the leading companies, 

 which we give below : 



PRELIMINARY. 



The object of this corporation is to manufacture and sell gen- 

 eral rubber goods. 



Notice of this incorporation shall appear in newspapers desig- 

 nated by the district court. 



CAPITAL AND STOCK. 



The capital of this corporation shall be 300,000 yen, divided 

 into 6,000 shares of 50 yen each. Each certificate shall represent 

 one share. 



The stock certificate of this corporation is to bear the name of 

 the holder. 



If the shareholder sells or transfers this certificate to another 

 person, the name shall be changed on the face of the certificate 

 by regularly signed application to this corporation; and a fee of 

 5 sen will be charged for each certificate so changed. 



If the stockholder should lose, tear or injure the certificate he 

 can get another by application on explaining the reason of his 

 request and having two or more sureties, who shall endorse his 

 application. 



In case the certificate is lost, a 30 days' public notice must be 

 given, cost of which will be charged to the applicant, and a fee 

 of 20 sen will be charged for each certificate so replaced. 



No stock will be transferred during the 30 days preceding the 

 stockholders' meeting. 



DIRECTORS AND INSPECTORS. 



Five directors and three inspectors shall be elected from among 

 the stockholders who have more than 100 shares of stock. 



The term of office shall be three years for directors and one 

 for inspectors, and both may be reelected. 



The directors shall elect, from among their own number, a 

 president and general manager. 



Each director shall deposit 100 shares of stock with the in- 

 spector during his term of ofiice. 



When there is any vacancy among the directors or inspectors, 

 provided there is the full number required by law, the vacancy 

 may remain until the next meeting of the stockholders if the 

 directors so desire. Any director and inspector elected to a 

 vacant seat simply fills out the term of the director or inspector 

 whose place he takes. 



MEETING OF STOCKHOLDERS. 



The stockholders' meeting shall be held twice a year — in Jan- 

 uary and July. 



The president of the company shall act as chairman and pre- 

 side at the stockholders' meeting. In case of his inability to pre- 

 side, a director shall act as chairman in his place, and if there is 

 no director to act as chairman, the chairman may be elected from 

 among the stockholders present. 



Whenever there is a tie vote at a stockholders' meeting, the 

 chairman has the deciding vote. 



The chairman has the right to adjourn a meeting or to change 

 the place of the meeting. 



SEMI-ANNUAL REPORTS. 



The company must make a statement of its business each June 

 and December, showing the net profits after subtracting all ex- 

 penses and salaries of the officers and all losses from the gross 

 profits of the preceding six months. 



The salaries of the officers shall not exceed 10 per cent, of the 

 net profit after subtracting all expenses. 



(The value of a yen is about SO cents gold, and that of a sen about 

 half a cent.) 



