Need for Economy To the Editor of the $25; Mr. EA. Nelson $55: Mr. RE. W. Behrend $28; Mr." Hallett Abend #25: Mar. B. Kani National, Petroleum Ca. $16.00: Dr. Wong $10.00; Mr. Philip Ho $1000; Mr. Lee Yung ching $1000 "Dr. Walter "Neubauer {$8000 Mr. Chen Li-y! 1000: Anonymous $1060; Mr, Teal Ya-ku $10.00 Mr, Mrs, Paul, Schell'$1000; Mr.
Boissevain $1000: airs. 3."'P, Vella $10.00; Messrs. Kelly. & Walsh, Lid. $1000: Mr. He Fang $1000: Miss Davys $10.00; China "Rube Ca.
100: ate. R. A. Schweizer $10.00:
rebar $1000: Vu Hua Bank of Shenghai Branch $1000; Mr.
'Bojesen $1000: Mr. J. M. Sutollt $10.00; "Mrs. San Yuin' $1000; Mr. Sungetsien $1000; Mr." J.J." Pauvt $1000:" Mr. Clu Ko-ming $1000: "Mr Liu Chaoshwel$1000:" Messrs," Damslet £1000: Mr. Ed. Keith si MrA. Froulkes. $1000; Dr. D. A Fuicthan $1000; Str. Lee Niz Zee $8.0; Mrs Ju" Msaossan $8; Miss te Stops £0:" Kowal TY Society. $8: Me KD.
Miss Ha $8: Chinese Nurse, Sanitarium 6: Through Yuletsal $0: lite, King Sings teh $5; Be, Wang Tong-chen $5: INF. LIP. Vanden Berg $5: A Friend Li. omar. W. A. Eliot "Nonru-Ciano Dany' News"
'Smj—Referring to Mr, N. W. Hick tune's letter of October 31, published in your issue of November 1, the majority of Shanghai rubber companies are managed by two firms of agents, The work done is, it is be-Vieved, mainly routine clerical' work. It is reasonable to argue that if the: work were performed by a single handling all the thirty odd companies concerned, the cost should be considerably reduced.
In Malaya both firms work through a single company for sake of economy "The question of importance to shareb "why should not the Directors effect the same economy in Shanghai?"
The whole question of the effielency and expense of the management of Shanghai rubber companies one that needs looking into very urgently, As Mr. Hicxtine pointed out, the Agents representing these companies are not appointed in perpetuily. From time to time the agency agreements expire and sh: holders who wish to safeguard their own interests should see to it that the agreements are not renewed until they have been' consulted, In view of what has been said on this sub-Ject I think most Directors will agree that in their interests also, they should consult shareholders ' before renewing Agents' agreements, When the time comes to consider expiring agreements, " shareholders should insist that they are renewed on competitive terms, that is to say, on the same terms as the work is done by many competent and experienced firms in Singapore, is high time that the heavy charges imposed on the Shanghai rubber companies were reduced, A very necessary step is to enquire when the current agency agreements expire, and to join the Shar holders Protection Association 50 that concerted action may be taken to remedy the present situation Soon as possible.
Shanghai, Nov. 10, '$8: Me. George Henry' Shot $3; Mr. Wang Sun-helen $3: Tom Brown Restaurant $200: Mr. Hed. Teh slang $2) Me. issu. Kan-hou $2: Mr. Wong Yien-chang $2; Mr. Ho Yung-hang.
Text read from the printed page and cleaned; old type leaves the occasional error.