Henrietta Rubber Estate Lid. "#00 Sungel Matang Rubber Est. Lia. 31.000
A. los of over £45000. inthe Hongkong, Apr. 18
working account was reported by Mr. J. J. Patterson, who presided at the annual meeting to-day of the Indo-'Chine Steam Navigation Ca., Ltd.
been unparalleled competi Mr. Patterson sited that there had coastal and river trade, while the: high price of silver had proved increasingly objectionable.
Roto ing to the question of smug. sling, he said that preventive mea: sures inaugurated by the company had arrested illicit shipping to some extent, "but, until the real culprits were punished instead of ships being. fined, smuggling would continue to be profitable.
Mr. Paiterson announced that the Indo. China Steam Navigation Ca. Lid, had ordered a new steamer from Messrs. Lithgows, Ltd, Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.