MEETING, Total If to this total the mobilization expenses of Rumania, Holland. Sweden, Bulgaria, Italy and Swit zetland are included, asa'so expen-{ses incurred by Japan and in the theatres of war in Africa, the total may roughly be put at £7,500,000 a day or £52,500,000 a week.
M. Paul Leroy Beaulieu, the jemment French economist and di-itor of the "Beonmiste Francais" expects that the war is not likely, to last more than seven months, although he add here is no economic or physical impossibility in a prolonged duration of the war. If there are no decisive military events, one may very well look forward to a war lasting six months, perhaps longer."
Compared with the cost of present war, the cost of the orevious struggles in history have been almost small. The Boer war cost Great Britain about £200,000 'a day, while the Spanish-Anerican war cost each belligerent " similar sum, The Franco-Prussian war cost. each party about £600,000 daily, while the Russo-Japanese war cost only a similar sum, although a larger number of were engaged on both sides.
The effect of the war on the different countries engaged in the present struggle, as also on neutral countries cannot but be harmful, especially if war is prolonged. Besides the outlays involved for -he actual military campaign, damage to private property, trade and shipping would mount up to large sums. No country can escape indirect Joss, but some will suffer tess than others. England stands to suffer least, so long as she able to carry on her foreign trade with-cut molestation. Belgium, on the The adjourned fourth annual general meeting of the See Keo Rubber Estates, Ld., was held on, November 30 at the offices of the Company, a 8 Kiang: se Road. Mr. O. White presided, and the other directors present were Messrs. F.s' Jacob, L. Walker, W. Martin and J. Hays, the legal The notice convening the meeting having been read, the Chairman said:
As there is a quorum present I will ask the Secretary to read the notice convening the adjourned fourth annual general meeting of shareholders of this Company.
When this had been read, the Chairman said:—The following, gentlemen, is the auditors' report on our accounts, When this had been read, the Chairman continued.
Gentlemen, since we met last vent for the presentation of the Direc tors' annual report and statement of accounts, we have had the mie-fortune to lose one of our colleagues on the Board, in the death of Mr. J. M. Robb. He had been sociated with the Company since its inception, and the Directors take this opportunity of testifying to the valuable services rendered by him.
Our report and statement of accounts covering the period of our financial year July, 1913, to June, 1914, have been in your hands for some time, and with your kind permission I will take them as read. I regret to say that the price of rubber during the year under review fell below all anticipat tions, as evidence our average selling price for rubber of all grades, being 1/0} per pound, approximately, against 2/54 per pound for the previous year,
Text read from the printed page and cleaned; old type leaves the occasional error.