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DERAL RESERV
ANK OF NEW YORK
15 NASEAFTER
STREET
FIVE DAVS,RETURN TO
1111
NEW YORK,N.Y.
The President
Javasche Bank
Batavia, Java, D. W. I.
FEDERAL RESERVE BANK
OF NEW YORK
March 9, 1.920.
S
i r
:
We take pleasure in introducing to you the
bearer of this lette-, Mr. Benjamin Strong, Governor
of the Federal Reserve Bank of New York, his son,
'Mr. Benjamin Strom, Junior, and Mr. Basil Miles,
formerly of our State Department.
Assuring you again of our deep appreciation
of any 3ourtesies which you may extend to Governor
Strong and his party, we beg to remain,
J. H. Case,
Acting Governor.
The President,
Javasche Bank,
Batavia, Java.
larch 9, 1920.
1107mci
PT.
ft,A,1
Rii3E(1.PV0
S i r
:
Mr. Benjamin Strom,
Governor of this bank,
expecte to leve in April of this ye r on t journey through
the East, and is lockinp fers,:rd Pith such plesure to the
op;,ortunity thus afforded him of visiting your institution.
His eon, Benje.min Strong, Junior, and kr. Baoll Wiles,
formerly of our State De.iartnent, will etc:company Governor
Stronq
find we Atli dee?ly appreciete any ccurte:Aee Khich
you may extend to Governor Strong and his otrty.
With renewed ex1 7ression of our esteez and regard,
we be
to rezein,
Red2eotf41y4
r
J. H. Ctse,
Acting Governor.
The President,
Jtvasche Bank,
Batavie., Java.
OLVVAillitUICIE
The Honble Benjamin strong.
likli
111K, OFAr.A.111 GitilILii 1421LIVI
OPGERICHT 1828
TELEGRAM ADRES
DELEGATIE
You would oblige us by disposing of our services, whenever
you may be able to do so.
Looking Forward to the pleasure of meeting you and with
kind oersonal regards from the second writer, we remain,
Yours very truly
PRESIDENT
D
DIRECTEUREN van
VASCHE BANK
fl
11111111,H
'461'
oaRicHT
1828
1112LIN1K
5
TELEGRAM ADRES
DELEGATIE
0
Batavia 8ti May 1920.
No 93/,,
tqk
),.?
04
-o
Sir,
We thank you for your letter of March 9th, bringing us the
welcome news of Governor Strong's intended visit to this country. i.e
highly appreciate the opportunity thus offered us to come into a
more personal contact with your esteemed institution.
Governor Strong and his party, we can assure you, will be
most welcome visitors here and we shall be pleased to do anything
we can to make their stay in the Dutch East Indies as agreeable for
them as possible.
Having been advised about his Eastern trip by Dr.G.Vissering
of the Netherlands Bank, we took the liberty to address Governor
Strong: care of the American Embassy at Tokio, offering him our services for anything he might require in connection with his visit.
Expressing our satisfaction at having this opportunity of
being of some assistance to your institution we remain with renewed
regards
Yours respectfully
PRESIDENT VDIRECTSUREN van
VASCBE BANK.
The ACTING GOVERNOR
Federal Reserve Bank of New York
NEW YORK.
THE BOMBAY JAVA TRADING G? 12°,
BATAVIA.
()tgCo-t4
a,/,r
ez,,x
y
a%-ki
'rt
a
A 1-2e_e)ai
4?
4
THE KERTASARIE TEA COMPANY LIMITED
REPORT AND STATEMENT OF ACCOUNTS
as at 31st December 1919
THE BOMBAY JAVA TRADING Co. Ltd.
Printed by Albrecht & Co.
Weltevreden.
8
BATAVIA 26th. May 1920.
To the shareholders of
45
THE KERTASARTE TEA COMPANY LIMITED.
Gentlemen,
We beg to submit herewith the audited Accounts as at
31st. December 1919.
Buildings. Small additions and the usual repairs were
carried out. Two coolie houses with one room were built.
The stable was pulled down.
Small repairs and the usual upkeep were
Factory.
attended to and the factory and contributory buildings are
in good condition.
Machinery. The distribution of power in the factory
was found not to be entirely satisfactory and to obviate
expenditure on minor repairs to the shafting a set of flexible couplings have been ordered. An auxilliary engine
will be installed to run the sawing plant as a separate
unit. This will equalize the distribution of power and
provide a reserve against possible mechanical breakdowns
in the future.
The expenditure involved under this heading is taken
up in the paragraph of this report which deals with the
Estimate for 1920.
New Tea Clearings. The expenditure on the 1917 clear
ing of 105 bouws has been included with that on the
areas in production although this area is not as yet producing tea.
5.16 bouws known as the 1919 clearings, have been
planted up.
19 bouws known as the 1920 clearings, have been felled,
cleared and burnt.
4
An extra piece, unmeasured at the close of the year
has been felled for ultimate use as a nursery.
Plsnted area. is now 721 bouws.
a.
ws a satisfactory increase
ess of 132.254 half-kilos on
might have been somewhat
n November and December,
more favourable. The average
86 t ouws in bearing amoun-
1016 in 1918 and 1383 in 1917.
hows the returns from the
EQUIVALENT TO
DRY TEA
Remarks
ja.
ca.
1700 9711 11 Bs. pruned
769 439 July/Aug.
34
Sept,
ec.
6
Less :
Brought forward ... f 141.302.76
Debenture Interest & Charges f 5.940. Depreciation of Buildings (10 0/0. 7.044.59
Machinery
10.010.94 (15
Motor
500.
Cars
tate Furniture
e Tax 1919
95,53
07.23
ale of
timappear
wever
e pose one
state
y.
11
10
THE KERTASARIE TEA CO: LTD.
ANALYSIS OF CROP.
Total
made Tea
in
Half-Kos:
AREA OF GRANTS.
Bws. R. R.
Kertasarie I (Tegal Padoeng) 536.) 22.273
.
II (
III (Tanah Goha ) 2- '.252
.
-18 090
.
.
IV (
op.
of
BLOCK STATEMENT as at 31st. DECEMBER 1919.
Jan./Dec. I.July/Dec,
1
Bouws.
Tea planted, Season
01
111
11
It
OS
V (Tegal Padoeng) 126.VI (Tamil Goha ) 9.431
.
135.330
18.2
47.5
352.952
11.5 ,,
272
994
6.6
AREA DEVELOPED.
Seed Garden "
Season
17.3 c'm
01
5.8
3.1
3.2
2.2
1912/13,
1913114,
1915,
11.4
65
2.3
1908,9
1909/10,
1910/11,
1911/12,
,.
11
01
105.4
5.16
720.96
6.45
1920.
Total area
PERMANENT BUILDINGS as at 31st. DECEMBER 1919.
1
Manager's House with outbuildings and Motor Garage.
Assistants' Houses with outbuildings and one Garage.
Double storied Tea Factory and Sawing Room.
1
Masigit.
1
Passar.
1
the year.
1
1
los:
4
1
1
Bandstand.
Waroengs
3 Mandoors` houses.
1
5
los:
and sold as Fannings No. 2.
Godown for spare stores.
Fo;ge.
Bath-houses.
Pay, Rice and Tool-shed combined.
Bioscope Projection-room and Hall (Latter unfinished).
114
15
Coolie houses with 1 room.
2 rooms.
1
.
2
12
1
1
Firewood shed.
Carpenter's shed.
3
..
1.-
1617118,
1919,
Buildings
4
5.-
47.3
31.1
18.-
"
Forest & Grass land
)
935.046
156.5
21.5
1916,17,
Nurseries
Cleared for
100 %
190.140.-
19.-
188 59
935.-
12
MACHINERY as at 31st. December 1919.
60 H. P. Marshall's Steam Engine.
80 H. P. Hornsby Suction Gas Engine with Generating plant
1
Pump, belt driven.
2 Davidson Tea Driers.
1
Empire. Tea Drier.
1
Jackson Square Roller.
6 Double Action Metallic Rollers
4 Sirocco Tea Cutters and Sorters.
1
Colombo Tea-sifter.
1
Jackson Rotary Ball-breaker,
2 Colombo Ball breakers.
1 Davidson Double Packer.
Pairs Sirocco Withering fans.
Pair Blackman
Withering Machine.
Blackman Dust Fan.
Dynamo 226 Amperes with switchboard.
Circular
Saw (large).
(small).
Is
Planing Machine.
Tongue and Grooving Machine.
ANALYSIS
OF COST.
Main-Shaft with transmissions
and extension
to sawing Room
EXPENDITURE
ONwith
ESTATE
AStransmission.
PER
Southbend Lathe
21 inch X 12 feet
overhead
Lengths each 5 metresWORKING
Iron Rails. ACCOUNT.
Iron Truck, for moving steam engine
3 inch Shaft, Dynamo Transmission.
1
1
2
1
1
1
1
1
1
1
1
1
1
1
1
.
Production for the year 743,086 half-kilos : dry Tea.
Salaries & Wages
General
Expenditure
28,266.27
3.84
,,
3,462.56
-.46
Machinery
5,581.78 -.75
acture
39.80 13.23
006.44
95.54
-.40
-.05
f
Cost per 1/, kilo.
27,557.07
3.71 cents
14
THE KERTASARIE TEA
BALANCE SHEET
LIABIL1 TIES
es of f 120.- each fully paid165.000
100.
,,
-/7
f f 500,- each ....
18.000
150.000
62,000
g Fund f 48000. -)
not presented for payment..
est
88000
110.000
6500
---
465
43 20
48410
Sheet
3234 19
3024 32
Sheet
e Sheet ....
al Meeting June 17th 1919
ebentures
100 000
60,000
61:58 51
40,0( )0
10.0(
19117 27
Sheet
rve Fund 1917 ..
.
..
rve for Income ..
vidend (overwinst)
f 3024,32
A/C 5%
" shares
,, 9900. 1
5 80
0 53
1 86
8 67
20'-
8 67
4
4
9
3
183,000
25
42
73
08
74307 23
f 590924
71
y Linreed
oks and other docuBatavia, and hav
ncorporated therein
awn up so as to « xy's affairs as shonw
my information and
3986 33
60.000
63986 33
3500
60.486 33
ture
The Kertasarie Tea Co Ltd.
WORKING ACCOUNT for year ended 31st. December 1919.
1919.
1919.
f27657 07
General31
Expenditure
27
December.
To. Salaries and28266
Wages
Upkeep of Buildings
3462 56
Upkeep of Machinery
5581 78
34486 61
Tea Cultivation
98339 80 Seed Gardens
It
f
Seed Sales
December.
31 By. Tea sales
in Stock on Estate
-
339520 18
925
17
6068 H. Ks Dust
395 54
Shade and Forest Trees
IS01580
3006 44
Advances to Natives
Amount written
off,
396 02
Estate Shop aic.
Amount written
off.
(theft)
1919.
December. 31 To Reserve for Income Tax f 10000
To Debentures Interest
and Charges.... . ......
.I
5940
-
-
To Depreciation of Buil7044 59
dings .... .... ......
To
,.
Machinery.. 10010 94
.
KONINKLIJKE
PAKETVAART MAATSCHAPPIJ
WELTEVREDEN.
September
>yea Str
Mr.4th
Benjamin
.NFD SECRETARIE
Governor of t
rear C ir,
Herewit
following arrang
your voyage to t
On or a
and your party f
arrive the next
:Aost p
at any rate not
On 22nd
to bring you and
1111 be early e
Cingapore on Sep
I instr
for you and your
apply on arrival
We here
passage for your
I am
Bersama-sama tiap-tiap permintaAn
akan keterangan dari perkara soerat
itoe maka formulier itoe misti
dioendjoekkan djoega.
L
MODEL T 1.
Bij
breontrale
4'-Ontv. onder 1
lokaalnr.
den
Nicontrale
paraaf.
toe;telnr.
en paTaaf.
_
elk verzoek om inlichting betref-
GOUVERNEMENTS POST-, TELEGRAAF- EN TELEFOONDIENST. fende dit telegram moet dit formullier
worden overgelecr
Doc4,
ondf,
v.m.
ten
De Staat of de bijzondere telegraafonder
Telegram uit
ten
M.-V.M.
11.M.
ingen zijn niet verantwoordelijk voor het goed overkomen van tel grammen in het algeineen of binnen den bepaalden tijd.
Soort. 1Nummer. Woordental.
Datum.
Woordentelling.
19_
door
Katitoor to SEMARANG.
door
,den
Collationnement door de expeditie of to scheuren.
I
Tijd van aanbieding.
I
http://fraser.stlouisfed.org/
cfc
.1.
Federal Reserve Bank
5 of St. Louis
fie
Jun den ('')..ten 3egootteda9
Jan
X1
D:-,dojo dans (Genr:inz 3inem)
Uitsevoerd door 0 bedojols zewanend net nistclen.Dene dans is :zit
http://fraser.stlouisfed.org/
gevenden door
Federal Reserve Bank of St. Louis
SeHoden Ceeso3halnan de tZde.
HOLLAND (NETHERLANDO) EXCHANGE.
Lioney of Holland:
Conversion:
Unit, 1 Gulden or Florin = 100 Cents
Dollars into Gulden.
.That amount in gulden and cents will .;101.08 buy at rate of 40.35 per
gulden?
Operation:
.4035) 101.0800
)
250.50 gulden - Answer
8070
20380
20175
20500
20175
3250
Explanation:
Divide amount in dollars and cents by rate per single gulden.
(Another method of figuring Holland Exchange)
In the larger cities it is the practice to quote the rate for Holland excnrnge
in cents and fractions of a cent, thus: 40 3-16 cents per gulden - and when
the business they
such rates are not considered sufficiently
will be supplemented with fractional rates as in French and German exchange,
thus: 40 3-16 minus 1-32 of 1 per cent, expressed 40 3-16-1-32.
Conversion:Dollars into Gulden.
What amount in gulden and cents will 2,008.75 buy at rate of 40 3-16-1-32 of
4998.44 gulden
.401875) 2008.750000
Operation:
1607500
1.56
4012500
5000.00 gulden
3616875,
- Answer
3956250
3616875
3393750
3215000
1787500
1607500
1-32 of 1% of
1800000
5000 gulden = gulden 1.56
607500
192500
Explanation: Divide the amount in dollars and cents by regular rate (40 3-16)
Find 1-32 of 1 per cent of amount in gulden and
not using the fraction 1-32.
cents, adding same to total. Bear in mind that where fractions such cs -a-32 or
+ 1-32 are used and you are converting dollars into gulden, the equivalell; of the
fraction in United states money converted into gulden must be added if MINUS and
(
deducted if PLUS.
Note: Addition, subtraction, multiplication and percentage are computed in Dutch
money as in United States money.
CHINESE EXCEUNGE.
Loney of China:
Unit, 1 dollar = 100 Cents
Money of Hong Kong: unit, 1 dollar = 100 cents
0
S-20
N. V. HOTEL SLIER"
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COPY
Dear Case,-
N.V. Hotel Slier
Solo - Java
A thousand thanks for
Sept. 12th 1920
news, which made me feel quite
a few comments on what you writ
The China trip was imp
of information of some interest
Mr. Williams is a good
his election. All the changes i
good wishes to each. Also the
What was done regardin
to the interest of both institu
affairs, -a book I an bringing
is the financial backbone of th
both the business and Governmen
There
able and safely managed.
war influences have been felt h
unfavourable comment about the
unchanged at 3 1/2% for 11 year
Their gold holdings, bill
low.
largely, and the living cost ha
Price of the Bombay Java Tradin
know (he is a director in the B
calculation made from the enclo
family expense a/c. and as_he
thousands of cooleys, I regard
expansion they tell me has only
exports, and it seems to be the
dog chasing his tail. There is
it disappeared, and the Colonia
small demon-s, and here again h
One of the best eviden
was told me by a number of Dutc
foreign exchange market was com
difficulty at once for pay roll
disorganized the whole producti
Mr.-e
arisen with the natives.
+ planters and ifnformed them t
those repponsible for pdoducing
requirements. No w*ser action
I truly think he saved the colo
great inducement fur all the ma
to draw on their credit out her
in London, Holland etc. and the
to carry. They run on 4o % met
I am greatly impr
20% minimum.
country and of the many evidenc
organization, development and g
Palace, and having some long ta
government officials, I am amaz
in the Colonial Service. To su
requirements. They have always
years and are well known at the
-2 -
0
op
The cable regarding gold held in London reached me o.k. and I hope my reply
was clear. The B. of E. have shown is every consideration in the matter, - and as
there might be a remote possibility some day of their needing some gold "help", and
as we are the ones to grant it, I am sure they will appreciate our inquiring their
views before ordering it all shipped.
Don't worry about the situation this fall. The strain, if one arises, will likely
be in Deer + early Jany, possibly sooner, and it must be met, with discrimination. We
must never forget that the test of the credit situation in the country, will be the
"inventory" accounts of our manufacturers + merchants. I hope our credit department
is studying that feature of our statements, and getting the data in readily understandable form.
I was much impressed by the system at San Francisco, which we should
study.
What you write regarding the C/I situation is most gratifying.
friends in Washington appreciate your good work.
I hope our
Many thanks again for all the news, and the fine data with it.
I often
feel guilty, loafing and travelling while you are all so busy, - but soon now I
shall be back at the task with you. Our experiences would fill a book, and I shall
reserve their recounting until my return.
The climate here is gorgeous. It is warm, and often a hot sun, at midday, but
nights usually comfortable, and in the interior, where it is high, one always needs
covers at night, sometimes two blankets. White clothes, a sun helmet, two baths a day,
and a nap after lungh, keeps one in prime condition, and I am feeling fit and fine,
as do all the party.
My beet regards to all at the Bank and to you.
Sincerely
[signed! Benj. Strong
@FedFRASER