40 



THE INDIA RUBBER WORLD 



[November i, 1903. 



and the equivalent rate ad valorem, is as stated in the table : 



Per 100 kilos. Ad Valorem. 



In Germany 60 marks 10 per cent. 



In Russia 222 marks 35 per cent. 



In Sweden 135 marks 22 per cent. 



In the United States 30 per cent. 



We hope and expect that in making the new trade agree- 

 ments with these countries, they will receive such consideration 

 as not to compel us to curtail the manufacture of such neces- 

 sities as rubber shoes, or, eventually, to cease manufacturing 

 them altogether ; and we also hope that the export of other ar- 

 ticles to foreign countries will be maintained for us. 



Passing to our balance, we have to report, that in our three 

 factories, Harburg, Linden, and Wimpassing, the amount of M 

 533305.96 had to be expended for new appliances; for new 

 buildings, M 207,347.41 ; for new articles (machinery account), 

 M 271,290.04; for new utensils and furniture account, M 54,- 

 66851; for liquidations, M 144.01 1.35. The expenses for re- 

 pairs were M 458,415.37 against M 479.031.87 in the former 

 year. 



The inventory of goods and raw material on hand has been 

 made carefully, in compliance with the provisions prescribed 

 by law, and amounts to M 636650.11 less than in the former 

 year. The patent account has been debited Af 294,000 for pat- 

 ents on Galalith already obtained, of which during this year 

 M. 132,104 50 have been written off, so that this account ap- 

 pears in the balance only with M 161,895.50. 



The supreme court having decided that the premiums re- 

 ceived on the issue of new stocks are nonassessable, the amount 

 of M 96,615, paid during the years 1900 to 1903, has been re- 

 turned, and this, with the amount of M 80,859.25, which was 

 held in reserve on that account and has now become free — al- 

 together M 177.474.25— has been placed to the credit of the 

 regular legal reserve fund, which now amounts to M. 3.279,- 

 339.25, or about 54.6 per cent, of the stock capital. 



The doubtful collections account has been written off M 10,- 

 076.57 less than in the former year, we having been free from 

 any great losses. 



The social politic and voluntary contributions were M. 116,- 

 858.68, of which the widows and orphan pension fund of the 

 officers and master workmen received M 34.368.80. From the 

 interest on the aid fund of M 400,000, pensions and aid were 

 received by 79 persons. 



The gross profits of the goods account amount to M. 3.374,- 

 100.67 [— $803,035 96]. against A/ 4,015,875.07 of the former 

 year, being less by Af 641,774.4.0. 



The net profit for the thirty-first business year of the com- 

 pany amounted to M. 1,460,070.45 [=$347,496.77], and was dis- 

 posed of as follows : 



Net Profit for the year M 1,460,070.45 



Less addition to Reserve Fund No. 2 24,749. 56 



M 1,435,320.89 

 Dividend 5 per cent, on the entire Capital 300,000.00 



M 1,135.320,89 

 Less 10 per cent. Commission to the Directors 113,532.08 



M 1,021,788.81 

 Add Balance from profits of 1901-02 142,418 25 



M 1,164,207.06 

 Dividend 15 per cent, on the entire Capital 900,000.00 



.1/ 264.207.06 

 Officers' and Workingmen's Jubilees SI 10,000 

 Officers' Pension Funds 50,000 60,000.00 



Balance to 190304 M 204,207.06 



The total dividend on last year's business is 20 per cent 



Following is a comparative statement of the company's net 

 profits for five years past, and the rate of dividends: 



Years. Net Profits. Capital. Dividends. 



1898-49 M. 866,644.67 M. 6,000,000 12 % 



1899-00 1,336,631.99 6,000,000 ll'A% 



IQOO-OI L489.53705 6,000,000 20 % 



1901-02 1)775.032 57 6.000,000 24 <& 



1902-03 1,460,070.45 6,000,000 20 % 



RUBBER INTERESTS IN EUROPE. 



ADVANCE IN RUBBER GOODS. 



ON October 10 an advance in rubber goods prices took ef- 

 fect in Germany as a result of a meeting of rubber man- 

 ufacturers held at Hanover, the occasion for which is expressed 

 in the following terms in a circular issued after the meeting : 



The continuous advance of crude rubber prices, which, within the 

 year, have reached, according to quality, a rise of from 50 to 90 per 

 cent., the rubber factories are compelled, in order to secure to their 

 customers the present standard quality, to advance their selling prices a 

 further to per cent, on all articles of soft rubber for technical and surgi- 

 cal purposes. 



The Gummi-Zeitung asserts that this action by the manufac- 

 turers is justified by existing conditions in the trade, besides 

 which it points out the probability of a further advance in the 

 near future owing to the limited supply of crude rubber as 

 compared with the demand. 



The India-Rubber Manufacturers' Association of Great 

 Britain, in a circular issued from the office of their secretary at 

 Manchester, on September 24. announced that " in consequence 

 of the continued serious advance in the price of raw rubber, 

 the prices of all manufactured rubber goods are advanced 10 

 per cent., with effect from this date, with the following excep- 

 tions—namely, thread, fine cut sheet, proofing, shoes, and as- 

 bestos goods, which are being separately dealt with." 



The India- Rubber Journal points out that the preceding ad- 

 vance on the price of mechanical rubber goods had been far 

 better maintained than any previous combined advance by the 

 British manufacturers. It trusts that the course of the manu- 

 facturers' association will be followed by such other firms as 

 are not embraced in its membership. 



GERMANY. 



The Asbest- und Gummiwerke Alfred Calmon, A.-G. (Ham- 

 burg), already mentioned in this Journal as having taken on 

 the manufacture of rubber shoes, are now marketing their pro- 

 ducts in this line. 



= The Vereinigte Hanfschlauch- und Gummiwaaren-Fab- 

 riken, A.-G., of Gotha, were awarded a silver medal for their 

 display at the German Cities Exposition at Dresden. A bronze 

 medal was awarded to H. Schweider, Sachsische Gummi- und 

 Guttaperchawaaren-Fabnk, of Dresden. 



FRANCE. 

 R. de la Debutrie, at Lille, impotter of British and Amer- 

 ican waterproof goods and sporting goods, has removed from 

 3, place de Rehour, to larger premises at 62, rue Esquermoise. 



GREAT BRITAIN. 



The Liberian Rubber Syndicate, Limited, an English com- 

 pany holding a rubber trading monopoly in Liberia, exported 

 from that republic 85.303 pounds of rubber during the year 

 ended September 30, 1902. 



= At Preston (England) two prisoners convicted of steal- 

 ing 162 pounds of India-rubber and 262 pounds of Kowrie 

 gum, were sentenced to three and nine months' imprison- 

 ment, respectively. 



