The report of the directors for the year ended September 30, 1911, states that satisfactory progress has been ade in the development of to 116 acres have been added to tie planted area, making the total planted aren 681 actes, There is " total of 84,000 trees on the estate, of which 6,000 wore planted la 1907, 18,000 io 1908 and 15,000 in 1908. ' The shares are now folly paid.
The report of the period ended Jane 30, 1911, states while the revenue covers a period of only fourteen months the period under over 113,037 trees, two to three years 123,361 trees and blented in 1910-11, 149,277 trees. Very little tapping was: done, only about 1,900 Ib. of rabber haviog been obtained daring the period. About 1,800 pionle of coffee were harvested, of which 1,200 piculs were sold for f. 49,088.47. Of pepper 88,50 piculs were prodaced and realized 2,017.24. Labour was ample, The accounts of the N. V. Bapjoemas Lan-deo,—the Datch Company—shows to the credit of the profit and lose account f. 25 896.14, alter deducting the interest dae to the Shanghsi Company on the working capital supplied. Of this amount, after writing off for depreciation and bad debts, f. 16,943.12 is carried forward to the new accounts of Writiog about silver the circular says that the difference between the specalative value set on cash aod the parity with India and China the trae bases of the market is not lees theo 1} per cent, This shows the ease with which the cash price can fall the: moment that the force of the spec The idea in India three weeks ago was that the bears would be caught. short of about £700,000. The totoly mill doubtless prove to be less ed in the total of il the Indian Treasary Reserves; the holding of gold and gold secaritien is jast about doable that held @ year ago.
The total arock in Shang!
jphed on November 29 as 283} 31} lace or about. £390,000 leas than on November 7.
Mesire, Mocatta and Goldem weekly circular dated T.ondon, December 1 states that the difference between the quotation for spot aod forward which has of late been of unnsus] t, has flactoated considerably, varying between id. and 34. per or. bat the iodination been for it to narrow, sapphos being more plentiful tad the "Bear" covering orders being lan premiog. Formard baying, orders too from China have helped to di the difference, the Shanghai Exiunge being nearer in touch with silver thoo al very ancertain, fanaa as the basi on which the large Ball specalatore have haile their hopes, remains obscure, and the question as to what is to become of the huge stocks held by them is always before os. For the moment however the market seems steady and it China cantiones to bay silver moderately, 00 decided change need be looked for present.
The Chinese Eogincering and Mining Ca., Ld, informs us that the total ontpat of the Vompany's three mines for the week ending Drcember 9, 1911, amounted to 32,488.79 tons and the sales daring the period, to 29 350.07 tons.
Text read from the printed page and cleaned; old type leaves the occasional error.