Notes for 1900-1910

Interesting Things

1)	S.C Farnham (1900-21C) and Boyd  & Co., Limited (1900-19C) does not exist instead in 1901.
	Instead we have in 1901, S.C. Farnham, Boyd & Co., Ld (1901-20C). So it seems that the
	2 companies have merged, and the new company issued more shares.

	1900: S.C.Farnham - No of shares 8000 (21H), Value 100T (21I), and Paid-up 100T (21L)
	     
 	     Boyd  & Co., Limited (ordinary) No of shares: 7800 (19H), Value 100T (19I), Paid-up
	     100T (19L)
 
 	     Boyd  & Co., Limited (founders') No of shares: 200 (20H), Value 100T (20I). Paid-up
	     100T (20L)

	1901: S.C. Farnham, Boyd & Co., Ld - No of shares 55700 (20H), Value 100T(20I), and 
	      Paid-up 100T (20L)
		
2)	Again the huge changes in the quotation seen in last doc. was also seen in this period.
	Soy Chee Cotton Spin. Co. Ld - price quotation dropped from 375T (1900-65F) in 1900 to
	150T (61F) in 1901.
	
	H'kong Cotton S.W. & D.Co., Ld. - price quotation increased from $5 (67D) in 1900 to	
	$15 (63D) in 1901, even though the company is making a loss. Interesting is that in the previous
	year, the company has just experienced a large drop in the quotations and now its price 
	quote rebounded back.

	CF the last doc: For H'kong Cotton S.W. & D.Co., Ld, cash quotations dropped drastically
	from $56 (1899-68D) to $5 (1900-67D)

	Shanghai Pulp and paper Co., Ld - price quotation increased from 25T (1900-72F) to 102.5T (67F)
	
	Maatschappij Co., in Langkat's bid price increase from 362.5T in 1907 (59G) to 860T in 1908
	(1908-58G). Its ask prices also almost tripled too

	Hongkong & W'pao Dock Co. Ld's quote dropped from $91 in 1908 (20D)to $50 in 1909 (1909-20D)

	Perak Sugar Cultivation Co., Ld's quote increased from 90Taels in 1908 (37G) to
	350 Taels (1909-37H)



	
3)	Evident from this period of report, futures markets are actually very common in Shaanghai
	then. The report in the papers have columns for ask, bid, sales, and forward price beginning
	from 1907 to 1909. (The format of the report keeps changing during this period. In 1910,
	we have only columns for last quotation and the Decemebr quotation. Even the 1909 paper
	has only columns for forward and last quotations. No bid/ask quotes.


4)	The bid price for Central Stores, Ld (founders') is $400 (1907-72G), even though the value of shares
	is $15 (1907-72S). Intersting that the founder shares can be sold for so much more.

5)	Not only in quotations can there be a large change, so do company's reserves too,especially
	a large increase in the reserves. (After all, it's easier to have a large drop in reserves
	than a large increase)

	Shanghai-Sumatra Tobacco Co., Ld's reserves increase from 24820T (1907-60Y) to 
	99820.28T (1908-59Y)

6)	In this period, it can also be seen clearly that some companies paid their dividends by
	coupons. Eg:
	
	Chinese Engineering & Mining Co., Ld - coupon 13, (1909-35AB), coupon 14 for the interim
	and 15 for the final dividend in 1910 (1910-37AA). 
	Shell Transport & Trading Co. Ld (ordinary) - coupon 14 (1910-14AA)

7)	Many changes in capitalization takes place during this period, even within the companies,
	like Shanghai Mutual Telephone Company. See the section below for more details

8)	In 1910, alot of plantation companies are being listed.



	      
	



Changes in the capitalization structure

1) 	China Shippers' Mutual S.N.Co. (ordinary shares 1)
	1901: No of shares: 8160 (16H), Value 10pounds (16I), Paid-up 5 pounds (16L)
	1900: No of shares: 1231 (16H), Value 10pounds (16I), Paid-up 10 pounds (16L)

	China Shippers' Mutual S.N.Co. (ordinary shares 2)
	1901: No of shares: 33472 (17H), Value 7.5pounds (17I), Paid-up 7.5 pounds (17L)
	1900: No of shares: 15505 (17H), Value 10pounds (17I), Paid-up 5 pounds (17L)

2)	Hongkong & W'pao Dock Co. Ld
	1901: No of shares: 50000 (21H), Value $50 (21I), Paid-up $50 (21L)
	1900: No of shares: 12500(22H), Value $125 (22I), Paid-up $125 (22L)

3)	Shanghai Cargo Boat Co.
	1902: No of shares: 4000 (40H), Value 100T (40I), Paid-up 100T (40L)
	1901: No of shares: 6000 (43H), Value 100T (43I), Paid-up 100T (43L)
	1900: No of shares: 2000 (47H), Value 100T (47I), Paid-up 100T (47L)

4)	Co-operative Cargo Boat Co.
	1902: No of shares: 2000 (41H), Value 100T (41I), Paid-up 100T (41L)
	1901: No of shares: 3000 (44H), Value 100T (44I), Paid-up 100T (44L)
	1900: No of shares: 1000 (48H), Value 100T (48I), Paid-up 100T (48L)

5)	Shanghai Gas Co.
	1905: No of shares: 16000 (51I), Value 50T (51J), Paid-up 50T (51M)
	1903: No of shares: 11000 (55I), Value 50T (55J), Paid-up 50T (55M)
	1901: No of shares: 4000 (56H), Value 50T (56I), Paid-up 50T (56L)
	1900: No of shares: 4000 (60H), Value 100T (60I), Paid-up 100T (60L)

6)	Laou-kung-mow Cotton Spinning and Weaving Co., Ld
	1908: No of shares: 8000 (49R), Value 100T (49S), Paid-up 100T (49V)
	1901: No of shares: 7158 (60H), Value 100T (60I), Paid-up 100T (60L)
	1900: No of shares: 8000 (64H), Value 100T (64I), Paid-up 100T (64L)

7)	Yah Loong Cotton Spin Co. Ld
	1901: No of shares: 5716 (62H), Value 100T (62I), Paid-up 100T (62L)
	1900: No of shares: 7500 (66H), Value 100T (66I), Paid-up 100T (66L)

8)	Shanghai-Lankat Tobacco Co., Ld
	1901: No of shares: 15000 (75H), Value 100T (75I), Paid-up 100T (75L)
	1900: No of shares: 9950 (80H), Value 100T (80I), Paid-up 100T (80L)

9)	National Bank of China, Ld. A
	1905: No of shares: 99925 (6I), Value 7pounds (6J), Paid-up 5 pounds (6M)
	1902: No of shares: 41925 (8H), Value 1Opounds (8I), Paid-up 8 pounds (8L)
	1901: No of shares: 40453 (8H), Value 1Opounds (8I), Paid-up 8 pounds (8L)

10)	Shanghai & H'kew Wharf Co.
	1907: No of shares: 36000 (21R), Value 100T (21S), Paid-up 100T (21V)
	1906: No of shares: 32000 (18I), Value 100T (18J), Paid-up 100T (18M)
	1902: No of shares: 20000 (19H), Value 100T (19I), Paid-up 100T (19L)
	1901: No of shares: 15100 (22H), Value 100T (22I), Paid-up 100T (22L)

11)	Jelebu Mining & Trading Co ld
	1902: No of shares: 53375 (34H), Value $5 (34I), Paid-up $5 (34L)
	1901: No of shares: 60000 (37H), Value $5 (37I), Paid-up $5 (37L)

12)	Taku Tug and Lighter Co
	1909: No of shares: 30000 (16M), Value 50T.Taels (16N), Paid-up 50T.Taels (16Q)
	1902: No of shares: 25800 (39H), Value 50T.Taels (39I), Paid-up 50T.Taels (39L)
	1901: No of shares: 8600 (42H), Value 50T.Taels (42I), Paid-up 50T.Taels (42L)

13)	Wei-hai-wei Land & B.Co., Ld
	1909: No of shares: 3674 (43M), Value 20T (43N), Paid-up 20T (43Q)
	1905: No of shares: 3674 (35I), Value 25T (35J), Paid-up 25T (35M)
	1903: No of shares: 3000 (47I), Value 25T (47J), Paid-up 25T (47M)
	1902: No of shares: 3674 (51H), Value 25T (51I), Paid-up 25T (51L)
	1901:  No of shares: 3000 (54H), Value 25T (54I), Paid-up 25T (54L)

14)	International Cotton Man. Co. Ld
	1902: No of shares: 8384 (56H), Value 75T (56I), Paid-up 75T (56L)
	1901:  No of shares: 8384 (59H), Value 100T (59I), Paid-up 100T (59L)

15)	H'kong Cotton S.W. & D.Co., Ld.
	1902: No of shares: 120000 (59H), Value $10 (59I), Paid-up $10 (59L)
	1901:  No of shares: 9000 (63H), Value $10 (63I), Paid-up $10 (63L)

16)	Tienstin Waterworks Co., Ld
	1902: No of shares: 795 (67H), Value 100T (67I), Paid-up 100T (67L)
	1901:  No of shares: 650 (73H), Value 100T (73I), Paid-up 100T (73L)

17)	Hall & Holtz Ld 
	1909: No of shares: 21000 (82M), Value $20 (82N), Paid-up $20 (82Q)
	1905: No of shares: 20000 (63I), Value $20 (63J), Paid-up $20 (63M)
	1903: No of shares: 20601 (66I), Value $20 (66J), Paid-up $20 (66M)
	1902: No of shares: 21,000 (72H), Value $20 (72I), Paid-up $20 (72L)
	1901: No of shares: 14000 (78H), Value $20 (78I), Paid-up $20 (78L)

18)	Shanghai Mutual Telephone Co., Ld
	1909: No of shares: 20000 (98M), Value 50T (98N), Paid-up 50T (98Q)
	1906: No of shares: 16000 (85I), Value 50T (85J), Paid-up 50T (85M)
	1904: No of shares: 5500 (81I), Value 50T (81J), Paid-up 50T (81M)
	1903: No of shares: 4737 (81I), Value 50T (81J), Paid-up 50T (81M)
	1902: No of shares: 4000 (80H), Value 50T (80I), Paid-up 50T (80L)
	1901:  No of shares: 1500 (86H), Value 50T (86I), Paid-up 50T (86L)

19)	Chinese Provident Loan & Mortgage Co., Ld
	1903: No of shares: 100000 (78I), Value $20 (78J), Paid-up $10 (78M)
	1902: No of shares: 72200 (82H), Value $20 (82I), Paid-up $10 (82L)
	1901: No of shares: 100000 (88H), Value $20 (88I), Paid-up $10 (88L)

20)	Astor House Hotel Co.
	1906: No of shares: 25520 (75I), Value $25 (75J), Paid-up $25 (75M)
	1903: No of shares: 22400 (73I), Value $25 (73J), Paid-up $25 (73M)
	1902: No of shares: 21612 (83H), Value $25 (83I), Paid-up $25 (83L)
	1901: No of shares: 4500 (89H), Value $100 (89I), Paid-up $100 (89L)

21)	Union In. Society of Canton Limited
	1910: No of shares: 12400(27H), Value $250 (27I), Paid-up $100 (27L)
	1909: No of shares: 12400(25M), Value $100 (25N), Paid-up $100 (25Q)
	1903: No of shares: 10000 (23I), Value $250 (23J), Paid-up $100 (23M)
	1902: No of shares: 10000 (23H), Value $250 (23I), Paid-up $50 (23L)

22)	Punjom Mining & Trading Co. Ld
	1903: No of shares: 60000 (32I), Value $10 (32J), Paid-up $10 (32M)
	1902: No of shares: 59650 (32H), Value $10 (32I), Paid-up $10 (32L)

23)	Ewo Cotton Sp. & W. Co., Ld
	1903: No of shares: 15000 (50I), Value 50 Taels (50J), Paid-up 50 Taels (50M)
	1902: No of shares: 15000 (55H), Value 100 Taels (55I), Paid-up 100 Taels (55L)

24)	Shanghai Ice, Cold Storage & Refrigeration Co., Ltd
	1903: No of shares: 8000 (57I), Value 25 Taels (57J), Paid-up 25 Taels (57M)
	1902: No of shares: 7620 (60H), Value 25 Taels (60I), Paid-up 25 Taels (60L)

25)	Maatschappij Co., in Langkat
	1903: No of shares: 25000 (61I), Value 100 Glds (61J), Paid-up 100 Glds (61M)
	1902: No of shares: 30000 (69H), Value 100 Glds (69I), Paid-up 100 Glds (69L)

26)	J. Llewellyn & Co., Ld
	1903: No of shares: 1200 (67I), Value $60 (67J), Paid-up $60 (67M)
	1902: No of shares: 1200 (71H), Value $100 (71I), Paid-up $100 (71L)

27)	Central Stores, Ld
	1908: No of shares: 31617 (71R), Value $15 (71S), Paid-up $15 (71V)
	1903: No of shares: 6000 (69I), Value $12 (69J), Paid-up $12 (69M)
	1902: No of shares: 6000 (77H), Value $15 (77I), Paid-up $12 (77L)

28)	North-China Ins. Co., Ld
	1904: No of shares: 10000 (26I), Value 10pounds (26J), Paid-up 5pounds (26M)
	1903: No of shares: 5000 (25I), Value 100pounds (25J), Paid-up 25pounds (25M)

29)	Raub A'lian Gold Min. Co. Ld (A)
	1904: No of shares: 50000 (33I), Value 1pounds (33J), Paid-up 1pounds (33M)
	1903: No of shares: 150000 (34I), Value 1pounds (34J), Paid-up 1pounds (34M)

30)	Raub A'lian Gold Min. Co. Ld (B)
	1904: No of shares: 150000 (34I), Value 1pounds (34J), Paid-up 0.18.0pounds (34M)
	1903: No of shares: 50000 (35I), Value 1pounds (35J), Paid-up 0.18.0pounds (35M)
	
31)	China Flour Mill
	1909: No of shares: 4000 (70M), Value 50Taels (70N), Paid-up 50Taels (70Q)
	1904: No of shares: 6000 (56I), Value 50Taels (56J), Paid-up 50Taels (56M)
	1903: No of shares: 3937 (58I), Value 50Taels (58J), Paid-up 50Taels (58M)

32)	S. Moutrie & Co., Ld
	1909: No of shares: 10000 (87M), Value $50 (87N), Paid-up $50 (87Q)
	1904: No of shares: 5000 (70I), Value $50 (70J), Paid-up $50 (70M)
	1903: No of shares: 2500 (70I), Value $50 (70J), Paid-up $50 (70M)

33)	Weeks & Co., Ld 
	1909: No of shares: 200000 (88M), Value $20 (88N), Paid-up $20 (88Q) - a huge increase
	1904: No of shares: 20000 (71I), Value $20 (71J), Paid-up $20 (71M)
	1903: No of shares: 10000 (71I), Value $20 (71J), Paid-up $20 (71M)


34)	Shanghai & H'kew Wharf Co. (2nd issue)
	1905: No of shares: 11848 (19I), Value 100T (19J), Paid-up 100T (19M)
	1904: No of shares: 12000 (20I), Value 100T (20J), Paid-up 100T (20M)


35)	Hongkong & Kowloon Wharf and Godown Co., Limited
	1909: No of shares: 60000 (22M), Value $50 (22N), Paid-up $50 (22Q) 
	1905: No of shares: 40000 (20I), Value $50 (20J), Paid-up $50 (21M)
	1904: No of shares: 30000 (21I), Value $50 (21J), Paid-up $50 (21M)

36)	Shanghai Mercury
	1905: No of shares: 2100 (81I), Value 50T (81J), Paid-up 50T (81M)
	1904: No of shares: 1400 (80I), Value 50T (80J), Paid-up 50T (80M)

37)	China Import & Export Lumber Co., Ld
	1909: No of shares: 3565 (78M), Value 100T (78N), Paid-up 100T (78Q)
	1906: No of shares: 3500 (86I), Value 100T (86J), Paid-up 100T (86M)
	1905: No of shares: 2780 (83I), Value 100T (83J), Paid-up 100T (83M)
	1904: No of shares: 2510 (82I), Value 100T (82J), Paid-up 100T (82M)

38)	Shanghai Electric and Asbestos Co., Ld
	1905: No of shares: 5000 (84I), Value $25 (84J), Paid-up $25 (84M)
	1904: No of shares: 4000 (83I), Value $25 (83J), Paid-up $25 (83M)

39)	Major Brothers, Limited
	1909: No of shares: 6000 (68M), Value 50T (68N), Paid-up 50T (68Q)
	1906: No of shares: 5000 (53I), Value 50T (53J), Paid-up 50T (53M)
	1905: No of shares: 5500 (52I), Value 50T (52J), Paid-up 50T (52M)

40)	A.S. Watson & Co., Ld
	1906: No of shares: 90000 (68I), Value $10 (68J), Paid-up $10 (68M)
	1905: No of shares: 60000 (65I), Value $10 (65J), Paid-up $10 (65M)

41)	Shanghai House Bazzar Co., Ld
	1906: No of shares: 5400 (83I), Value 50T (83J), Paid-up 50T (83M)
	1905: No of shares: 4507 (80I), Value 50T (80J), Paid-up 50T (80M)

42)	Anglo-German Brewery Co., Ld
	1909: No of shares: 4000 (75M), Value $100 (75N), Paid-up $100 (75Q)
	1907: No of shares: 4441 (63R), Value $100 (63S), Paid-up $100 (63V)
	1906: No of shares: 4000 (62I), Value $100 (62J), Paid-up $100 (62M)

43)	Kalumpong Rubber Co.
	1907: No of shares: 14000 (65R), Value 50Taels (65S), Paid-up 50Taels (65V)
	1906: No of shares: 14000 (64I), Value 50Taels (64J), Paid-up 25Taels (64M)

44)	Indo-China Steam Nav. Co.(preference)
	1908: No of shares: 60000 (10R), Value 5pounds (10S), Paid-up 5pounds (10V)
	1907: Value 5pounds (11S), Paid-up 5pounds (11V)

	Indo-China Steam Nav. Co. (deferred)
	1908: No of shares: 60000 (11R), Value 5pounds (11S), Paid-up 5pounds (11V)
	1907: Value 5pounds (12S), Paid-up 5pounds (12V)

	P.S The total no of preference and deferred shares in 1907 is 49589

45)	Shanghai Dock & Engineering Co., Ld
	1909: No of shares: 55700 (19M), Value 100Taels (19N), Paid-up 100Taels (19Q)
	1908: No of shares: 55200 (19R), Value 100Taels (19S), Paid-up 100Taels (19V)

46) 	Shanghai-Sumatra Tobacco Co., Ld
	1910: No of shares: 13000 (89H), Value 20Taels (89I), Paid-up 20Taels (89L)
	1909: No of shares: 30000 (63M), Value 20Taels (63N), Paid-up 20Taels (63Q)
	1908: No of shares: 13000 (59R), Value 20Taels (59S), Paid-up 20Taels (59V)	

47)	Lane, Crawford & Co., Ld
	1909: No of shares: 2500 (89M), Value $100 (89N), Paid-up $100 (89Q)
	1908: No of shares: 2800 (79R), Value $100 (79S), Paid-up $100 (79V)	

48)	Shanghai Tug & Lighter Co., Ld (preference shares)
	1910: No of shares: 20000 (17H), Value 50Taels (17I), Paid-up 50Taels (17L)
	1909: No of shares: 10000 (15M), Value 50Taels (15N), Paid-up 50Taels (15Q)

49)	North China Insurance
	1910: No of shares: 10000 (28H), Value 5pounds (28I), Paid-up 5pounds (28L)
	1909: No of shares: 10000 (26M), Value 15pounds (26N), Paid-up 5pounds (26Q)
		
50)	Dominion Rubber Co., Ld
	1910: No of shares: 225000 (67H), Value 10Taels (67I), Paid-up 10Taels (67L)
	1909: No of shares: 225000 (62M), Value 10Taels (62N), Paid-up 7Taels (62Q)
	

51)	Senawang Rubber Estates Co., Ld 
	1910: No of shares: 53800 (86H), Value 5Taels (86I), Paid-up 5Taels (86L)
	
	1909: 2 different types of share
	Type A: No of shares: 2500 (59M), Value 100Taels (59N), Paid-up 100Taels (59Q)
	Type B:	No of shares: 312 (60M), Value 100Taels (60N), Paid-up 100Taels (60Q)

(do not know the difference for the 2 since both value and paid-up is the same)

52)	Maatschappij Co., in Langkat
	1910: No of shares: 250000 (110H), Value 10Glds (110I), Paid-up 10Glds (110L)
	1909: No of shares: 25000 (66M), Value 100Glds (66N), Paid-up 100Glds (66Q)

	
	



	
	

Things to Note:

1)	During this period, there are some companies whose reserves are not given notations
	i.e not categorised in the paper. Hence, all such reserves fall under the uncategorised
	column in the spreadsheet. 

	The main "problematic" companies are
	Douglas Steamship, Yangstze Insurance Association, "Hongkong, Canton & Macao S.B.Co",  
	"Hongkong & K'loon W.G.Co", Indo China S.N.Co. and Humphreys Estate & Finance Co

2)	Shanghai Gas, its reserves in 1902 are actually in depreciation acct (1902-53S). 

3)	In 1902, Shanghai-Sumatra Tobacco Co., Ld changes its denomintation of shares from $ (1901-74J)
	to Taels (1902-68J)

4)	The last figure of Hall & Holtz Ld's working acct is not clear in the paper (1902-72W)

5)	Quotation (1903- 7D) of National Bank of China (Founder's) is being stated as a steady 
	price.  The same case for Perak Sugar Cultivation (1904-38D).

6)	Taku Tug and Lighter (1903-15P, and 1903-15V), denomination of the working acct and reserves
	are not stated from 1903 onwards Assume that it is the same as previous years.(i.e T.Taels)
	
	(In fact, there are some companies where their denomination of accting not stated in the
	papers. So I assume that the denomination is the same as previous years. Another method
	for determining the denomination is to look at the denomination of the value and paid-up.
	The norm is that if the value and paid-up is in $, then can expect the accting denomination to be in $. If the value and paid-up is in 
	Taels, then can expect the accting denomination to be in Taels.

	Denomoination for Taku Tug and Ligher is not standardised across the years. In 1907,
	its denomination for value and paid-up as well as the quotes are all stated in Taels
	(1907-17D) but in 1903 for example, it was stated in T.Taels (1903-15D)

7)	Quotation of S.C. Farnham, Boyd & Co., Ld in 1903 (17D) excludes dividends. Same case
	for China Traders' Insurance Co.,Limited (1905-24D), as well as A.S Watson (1905-65D)
	
	Ewo Cotton Sp. & W. Co., Ld's quotes in 1907 also excludes dividends (1907-48D)

	Lane, Crawford & Co., LD's quotes in 1907 also excludes dividends (1907-80D)


8)	Chinese Engineering & Mining Co., Ld, it has actually 2 quotations in 1903. Stated in the 
	paper (1903-36D) that "T6.2 and T6.75 bearers scrip". 

9)	Previously, Laou-kung-mow Cotton Spinning and Weaving Co., Ld dividend was paid annual, 
	in 1903, it becomes an interim dividend (1903-52AE).

10)	The notation Glds represents Guilders (1903-61J)

11)	Dividends for North China Insurance stated in the papers is for the old shares (1904-26AC)
	For the new shares, dividends will be 10 shillings.

12)	For Canton Insurance, the report's ending date stated in the paper was 12/31/1904. But 
	this is not possible since the stock quotes are printed on 12/26/1904. (1904-28AB) Presume it 
	is a typo error and changes it to 12/31/1903. The same case for A.S Watson (1904-66AB)

13)	Dividends for Hongkong Hotel is for the 2nd half of 1904 (1904-74AC), and in 1905, its dividends is
	also for 2nd half of the year (1905-73AC), dividends in 1908 too for 2nd half of the year
	(1908-76AE). 

	Likewise, dividends of Hongkong & W'pao Dock Co. Ld is for 2nd half yr of 1905 (1905-18AC), dividends in 1906 (1906-17AC) is also for the
	2nd half of the year

	The same for Shanghai Waterworks Co.,Ld's dividends in 1910, which is for the 2nd half
	year of 1910 (1910-119AA)



14)	Shanghai Mercury, as seen from the report date, it is not from last year report, but its figures are exactly the same
	as previous year(1906-84V). This is the same case for Wei-hai-wei Land & B.Co., Ld (1905-43AB) too. (Note:
	in this year Wei-hai-wei Land & B.Co., Ld's ending date is 12/31/1905, does not
	seem possible because the stock quotes for 1905 are for week ending 12/29/1905)


15)	China Import & Export Lumber Co., Ld, in the paper stated the same report year (1904-83AB) as 
	last yr	report, but figures not the same. Believe should be 1904 report and not that of 
	1903 report as written in the paper)

16)	Shell Transport & Trading Co. Ld (ordinary) has its dividends for 1904, but it is paid in
	01/01/1903 (1903-11AG). Possibly a typo mistake in the paper.

17)	Interestingly, the dividends column in the paper under Wei-hai-wei Gold Mining Co., Ld stated as
	first year even though the company has existed since 1903.(1904-36AC)

18)	For Maatschappij Co., in Langkat in 1905, there are 4 interim dividends: (1905-57AC)
	1st 7.5 T payable at 03/15/1905, 2nd (5T- 06/15) 3RD (2.5T -09/15) 4th (7.5T -12/15, 
	and note there is another closing quotation for 222.5 for delivery in March)
	
	In 1906, there are 4 interim dividends which total to 30 Taels, though the breakdown is
	not given this time. (1906-58AC)
	
	In 1907, the dividends payout are as follows: 1st interim 7.5 Taels (03/15/1907), 
	2nd interim 7.5T (06/15/1907), 3rd interim 7.5T 09/15/1907, 4th interim 7.5T 12/16/1907, 
	and a bonus dividend of 2.5 T payable at 12/16/1907) (1907-59AE)

	In 1908, there are too 4 interim dividends of 10T (03/16/1908), 10T (06/16/1908), 
	10T (16/09/1908), 10T (12/15/1908)  and also a bonus dividends payable at (12/15/1908)
	(1908-58AE)

	In 1910, there are 40 Tls of dividends paid for 3 quarters end Sept 15,1910 (1910-110Y)



19)	Shanghai Mercury, its quotation in 1905 stated par cash (1905-81D)

20)	Shanghai Dock & Engineer Co., Ld (1906-16C)seems to be the previous S.C Farnham, as the 
	no, value and paid-up of shares is the same. 

21)	For Wei-hai-wei Land & B.Co., Ld (1906-43AB), report date the same as preivous yr (imply same report) but figures are
	not the same)  (Note:in the previous year Wei-hai-wei Land & B.Co., Ld's ending date is
	12/31/1905, does not seem possible because the stock quotes for 1905 are for week 
	ending 12/29/1905

22)	Dividends for Dunning & Co. Ltd in 1906 is only for 5 mths to 02/28/1906 (1906-82AC)

23)	Tsingtao Hotel Co., Ld in 1906 has a 2% dividend bonus as well (1906-78AC). Same in 1908.
	(1908-78AE)

	Union In. Society of Canton Limited dividends payable in 1908 also includes final dividends of 
	15 % in 1906 - total 45% (1908-25AG)

	There is also a special dividends of $3 for 1907 for Yangtsze Insurance Association in 
	1908 (1908-27AG)

	There is also a bonus dividend of 2% for Lane Crawford. (1908-79AG)



24)	Format of the report changes in 1907, such that there is no working acct column now. Also,
	there is now a forward price column, and they have notation "b" and "s". But the notaton
	"s" is ambigiuous since it can either mean sales or sellers. Am not assuming anything
	and type as it is.
 
25)	The total no of Indo-China Steam Nav. Co.preference and deferred shares is 49589 (1907-11R)

26)	For Union In. Society of Canton Limited, the 30% dividend (1907-25AE)is for 1906, 
	payable at this date also includes the final dividends of 12% (total 42%) in 1905)

27)	For Shanghai Land Investment Co., Ld. the dividends (1907-41AE) actually composed of 2 interim 
	dividends of 1907- one of 3 Taels, and the other of 2.25Taels)

28)	Humphreys Estate & F.Co.Ld (1906-42C) changes its name to Humphrey's Estate & F.Co.Ld 
	(1907-43C)

29)	Anglo-French Land Co., Ld (1906-44C) changes its name to Anglo-French Land Invest Co., Ld
	(1907-46C)

30)	H'kong Cotton S.W. & D.Co., Ld's dividends in 1907 report is for the year to 1906, (1907-52AE)
	but it said the payable date is 09/04/1905. Assume that it is wrong, and follows like 
	last year as 09/04/1906)

	The same problem for Lane Crawford. Its dividends is for year to 02/28/1907, but payable
	at 04/26/1906 (1907-80AE). Does not make sense since the previous report has quoted the
	same amt of dividends but for yr to 02/28/1906, payable at the same date I.e (04/26/1906).
	So me change it to 02/28/1906 for the dividends ending date

	Shanghai House Bazzar Co., Ld's dividends for 1905 is written in the paper that it is
	payable at 04/28/1905 but it is written in the 1907's report that the same dividend is
	payable on 04/28/1905 (1907-83AE), does not make sense and does not 
	coincide with last year's report, so choose to follow the previous year's report

	Same case for Kalumpung Rubber. Report stated that the dividends are due on 11/07/1908 
	but not possible since the dividends is to the months 08/31/1909. (1909-55AF)



31)	The total number of Shanghai Waterworks old and new shares is 16350 (1907-61R)

32)	No denomination for value and paid-up shares actually stated for the shares of A.Butler Cement, Tile Works, Limited,
	(1906-63J), (1907-64T), (1908-62T),Kalumpong Rubber Co. (1906-64J), (1907-65S), (1908-63S)
	and Eastern Fibre (1907-66T),(1908-65S). Assume it follows the same denomination as the
	closing quotes, but for A.Butler, in 1908, the closing quote is in $, but in 1909 and onwards,
	the closing quotes are in Taels. Given that there is no change in the capitalization structure
	during this time, I assume that the denomination of the value and paid-up of shares is that
	of Taels.

 
33)	Indo-China Steam Nav. Co.(preference)'s dividends in 1908 differs from that in 1907 but is
	paid on the same date (1908-10AE).

34)	Shanghai Gas in 1909 becomes Shanghai Gas Co., Ld (1909-67C)

35)	In 1909, quotations for the paper stated explictly whether the quote is a bid, ask, sales
	or nominal price.

36)	Hongkong & W'pao Dock Co. Ld in 1910 -in all other reports denomination of the closing 
	quotation was stated as $, only this said it is in Taels, believed to be a mistake (1910-23E)

37)	Chempedak Rubber & Gambier Estate, Ld (1910-64C) Was previously known as Chempedak

38)	Dominion Rubber Co., Ld was previously known as Dominion Rubbers (1910-67C)


39)	No of shares for Kamunting Rubber Co (1910-71H) not stated. Same case for Permatas Rubber
	Estates, Ld (1910-80H), as well as Repah Rubber & Tapoica Estates, Ld (1910-81H) and
	Taiping Estates, Ld (1910-98H)


40)	The par-value of Scharff's Oil & Bone Mills, Ld's shares is not stated (1910-113I)

41)	Denomination of the shares's quotes for Hall & Holtz changes in 1910 from Taels (1909-82D)
	to $ (1910-121D)

42)	We have G$ as denomination of value of shares for Philippine Exploration & Mining Co., Ld
	(1910-112J). G$ tands for New York Dollars.














	
