The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
DERAL RESERV ANK OF NEW YORK 15 NASE STREET AFTER 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 322.924 769 439 July/Aug. 34 735.931 ec. Sept, 6 Less : Brought forward ... f 141.302.76 Debenture Interest & Charges f 5.940. Depreciation of Buildings (10 0/0. 7.044.59 Machinery (15 10.010.94 Motor Cars 500. 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 OS 65 Season 5.8 3.1 3.2 2.2 1912/13, 1913114, 1915, ,. 11 01 935.046 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 4 1 1 4 1 1 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). Bandstand. Waroengs 3 Mandoors` houses. 1 5 los: 114 15 Coolie houses with 1 room. 2 rooms. 1 . 2 12 1 1 1.- 105.4 5.16 720.96 6.45 Buildings 352.629 los: 5.- 47.3 31.1 1617118, 1919, Nurseries Cleared for the year. 156.5 21.5 18.- " Forest & Grass land ) 100 % 190.140.- 1916,17, 23.050 6.6 01 2.3 1908,9 1909/10, 1910/11, 1911/12, Seed Garden " 17.3 c'm 11.4 11 It V (Tegal Padoeng) 126.VI (Tamil Goha ) 9.431 . 135.330 18.2 47.5 352.952 11.5 272 40.392 ,, 22.990 994 AREA DEVELOPED. Firewood shed. Carpenter's shed. 3 .. 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 ON ESTATE AS PER Southbend Lathe 21 inch X 12 feet with overhead transmission. Lengths each 5 metres Iron Rails. ACCOUNT. WORKING 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 5,581.78 -.75 Machinery acture 13.23 39.80 006.44 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 183,000 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) A/C 5% " shares f 3024,32 3986 33 60.000 63986 33 3500 60.486 33 ,, 9900. 1 5 80 0 53 1 86 8 67 20'- 8 67 4 25 4 42 9 73 3 08 f 590924 23 71 y Linreed oks and other docuBatavia, and hav ncorporated therein awn up so as to « xy's affairs as shonw my information and 74307 ture The Kertasarie Tea Co Ltd. WORKING ACCOUNT for year ended 31st. December 1919. 1919. 1919. f27657 07 General Expenditure 28266 27 December. 31 To. Salaries and Wages Upkeep of Buildings 3462 56 Upkeep of Machinery 5581 78 34486 Tea Cultivation Seed Gardens 61 98339 80 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 4th >yea Str Mr. 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, ,den ten v.m. ten De Staat of de bijzondere telegraafonder Telegram uit ingen zijn niet verantwoordelijk voor het goed overkomen van tel grammen in het algeineen of binnen den bepaalden tijd. Soort. 1Nummer. Woordental. Datum. Woordentelling. M.-V.M. 11.M. door Katitoor to SEMARANG. door 19_ Collationnement door de expeditie of to scheuren. I Tijd van aanbieding. I http://fraser.stlouisfed.org/ cfc .1. Federal Reserve Bank of St. Louis 5 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" SOLO-JAVA. Atvt baize nr kw? 620" icr Of- A-etab, aiet4 feA 4-0 ew tte kefrofe of tiver-7-na. 8<a.te Act teixY urte;Ae4 4-olociatwed, ettekey3;_ &yot_ 0/1,4 efor. ..Ty, ateA 444 titeoup--/4- ti al Grp i-C4 t9 ivIT '-fokeee >10-A itterJ t( 9.14/3 Agyvtak97, p) 1/ /4trAtc.effeci.) civetertce ett_4674 ZIYLYV Ceirat 1-1V 1/0 velcc? i. Atiecv; a-a.i ?fr_14a,f _ S .SOLO ZPIL- 19249- AV! mkt-*1E1') ét&t kice lam/ OteriEv7e. ei62, eat"? taticrefewcAek tktortyke-icyteft (:-/n/Yruntirs- 0-0-eiti- Ike r)Y- t6/0 Pca-to, (ittecit i att.( dw cd-ctrAlAt catatfetuveci- cut gor2- 57741,1/tAr tA- 19/cde 611-rke-c-f-it-eroltu-v-0, ,)1aittt -*Le lett) . 0;21At katlit -Ctt iettfil/o CtAzi 71cf- -c katteted e_teciWe, ate, CoRi- ka,o PC aka/ fawn el . Cu4:- (f % 47-eVi ltry--c.4 fit6 ectdcrit (c) eit/a fal-trzd aki-Cat-ef &i AV-IFAV) tit -ALAN, ct cettc;Pi.2- te." 4fait ~ct,L) Vail* Wit birt A/3' ettee-d atiatitoen71, 7re5zet nr,nt &cte4 (feta Cito frtfa-/WA Ic5fe . F4cAtitae twat_ (t irf ca/vrt Arattx oct (vevaare att.1 get Ate--i XriTocat_fe) did Ct yucitur iti.; &net& - D 0 laultS ',Mt& Cx) igii.)24514;71 Act, Po ka49- CCALiti /4 4"f 06f-tee 1174- at ginrar/4 c&C. G)% btt it)a Pn9-19t,te fain tralcU tfit*q To- 6-& 7tt cia/17 dere A2f eat-I CArte9a4 Zcir; CIA:eafahe7, oal . atucei) avilica_e_fi, 4u 4(cci. 7ute4 okieff tritt- hi a_ iiitt4- Ctit-c--7G- 6)) Cary-"Let atittAcc_4 th,;altAtivet..4 611714, lietoiciA s1-4-estmer dett4-7):iter at4,4-tca ctieut: 1Lto;trif (zazt-- V. HOTEL ,SLIER" SOLO-JAN-A. SOLO g/(1 4 ___ I92 tfte9"----Cardeecee-3 #91-&I atm et ke...4,b Oaf- affix e*ieuto-f groteAlit- el-Ate 6aiLic sev-a,(1_ 47(4) ?At -(517 4 eratila- rei-Ge-Kte2-4. 17(4 &VW/14414 of4r- IVALLt- Itt mat_ Item terc) - itf,rtegra.'- 8 xeRfai-iff,41 rin-A-42teWA /2eate, Amite/Li, thilece.efx4--- Gc ("itet (074- 4neufw4 emtycy a da4,0 zwtc_ s /90J2, cv-Q,43 ctelcol, tecitt i(atit dtmeTyarn,6-ci__) 61441-(t e&o--A el/04 e-Reat-e-/) CteAfire--(;4-ct 771444 44d-g. cva42:tit (el "a furre, cfiA7 3St t," 4.4 Jar . _ --iwitethAt 6cuuraco -77144.citatt& Y ArcailEilo Cut I tetirrt-mc_4 /9fit kcti aie Wfc;0-0 afekar-inl 8 (age,y 'reficer.tifuo fhi taktuir-nt ataituf;0;EA-itua Arig- Rut(' lave eoti? coca, .c/(3 corgil,t istek_ cer-etit , cm) A-0 war &IA xieptit'Af_ 014.11 . 441-Vlb 1. Yak- 'Otto et Vaal- it;i1a.a/1711.,LI) bY att_ '111C1411l,0 'OWL attl'arPoraftwat-I geetnievcci dram e7tzAtzt C-uka-Akatk Cti, t 0-14A- Ittv cut 444' frilo cirktk at-9711:111 /TOW ct&Gett9MT Acri cticr 0(ekt /ex, 0410-eettet.t) NittercLo ei(_e Auto terci kcce) et_ -ecirrP.J9lisindt.".1 62, 44,2-o- "elk_ /fel° 4,Cti 2tfo_viirt aaceecdc Lem) ,714iM/M14,)- r9ait tometutitte to Titi4(t Cefer-0 QO ,z i tlet:Va4aL0 6az. (tea at& re-eaL4--eff4 ettecoa=c -t.tae qe-1444,0 Natei 72itvitif ev-ccattel Katz4-- Atra 7&ct -6-rez/F1 Gatt&A/7 alk-1 btrfFIVII,nteinA aracp, acti-kavtL itv-c (63L 1 4inf to7u5 tiag,0 co-7/A-- Ike lity-9/~)r. dr7)14.)0_,, ct( eeEep a/k4.t. 9/--aw an-n dtetelficpi of , 1(4- 24(,t ice, ce. ed-Ca? t cal WIti-k_ -41 cue( ap /1 771(4/n.tf Le/1-fIcex ck--ev-cp-J /(C-a-t/a acci arm filLatt ditCctettccf. ea,06 (it-c alc-e ford Ateviti1,(c_ CIA44 oZAtslitze Itifteit-c41 7nt *2w( 5(14215, eva/o if f-& Lai* etI0Gc? - (eta- 449_ /Wt etk bti a 'iteete& kno`cnied( -ipnt,c46(9.1 ,Lite-44 ofpnve ee-C-1- APIA at" arzt 6t4.60 4-9 4-attAt 0Aell aa0-6 6-6-ti-ct)vb ,4)7/4 RINUCALIM L4i ifYY c-14 Cte4- creLo-a_ Ocul4 61- fitutit' Celn h 65Lec)- N. V. HOTEL SLIER" SOLO-JAVA. -S SOLO 192 1 Packzecte,Ala.J meocceA, icte` ct 02-alitee fues2v-iffrg tA44A: itceettzuvaL &du 971.4 fitliortc, crtiti 16,c( 4,3 Citt4 6f M4 4 Astf- 50-t-yeee. etAvaiti 4tAin, Cl t 7-ruldda.s, .442.akieb, Obinir/pCizei-er al-1-1 6A_ 714-tide)a4r-ir atliht Acj-k cr-Ax ar.zertf,0 ors ctAL 7114(Li-; Ef(aRcktu, Attett& kaa acym,v,, &Vat( 060in.e-Y-1 iteu 6_ -dam aui Ct 5 wt./3 afro, &melt, Recitur t1P-AL_--(;; CuL41 0 0 VILA ALI feattc:f ack4) 71%evt X9 eta_ _cur lir 44. r-S- Votteu . 7hi-6174:- etc) ef 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 cre 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 s 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