Dearie:Russell Family History

The Straits Times, 4 January 1965, Page 14 Another bid for Collieries The Chartered Bank (Malaya) Trustee Ltd., Singapore, have announced that they have been requested to act for one of their clients in the submission of a bid for the shares of Malayan Collieries Ltd. at a figure above the one of 65 cents already offered by J. A. Russell & Co. Ltd. of Kuala Lumpur. It is expected that the terms of the new offer will be circulated to shareholders during the course of this week. The value put on the shares by the directors of Collieries is 59 cents.

The Straits Times, 20 January 1965, Page 17 NOTICE TO SHAREHOLDERS OF MALAYAN COLLIERIES LIMITED Hongkong and Shanghai Bank Kuala Lumpur Nominees Limited hereby announce that the date by which their offer made on behalf of J. A. Russell and Company, Limited, may be declared unconditional is extended to 27th February 1965. If, however, any better offer is declared unconditional before that date, the offer made on behalf of J. A. Russell and Company, Limited will be withdrawn and the scrip received returned in accordance with instructions given by shareholders.

The Straits Times, 22 January 1965, Page 20 COLLIERIES: J. A. Russell and Co. announce that their offer for 267,786 shares in Malayan Collieries Ltd. will be withdrawn immediately in the event of a better offer than theirs being declared unconditional. In order, however, that the interests of shareholders may not be prejudiced in any way such as would occur by the lapse of other offers they announce that the date by which their offer may be declared unconditional is extended to February 27. Acting on behalf of clients the Chartered Bank (Malaya) Trustee Ltd. has offered to purchase 343,340 shares in Collieries at 86 cents per share.

The Straits Times, 26 January 1965, Page 18  FORTHCOMING DIVIDENDS DIVIDENDS expected in February and March. Malayan Cement (final 3 2.64).

The Straits Times, 28 January 1965, Page 17 NOTICES OFFER TO PURCHASE SHARES OF MALAYAN COLLIERIES LIMITED NOTICE TO SHAREHOLDERS NOTICE IS HEREBY GIVEN THAT the offer dated 14th January, 1965, made by us on behalf of our clients to purchase shares in the Company is hereby declared unconditional. The offer will now remain open for acceptance for a further period of 30 days from date hereof. NOTICE IS ALSO HEREBY GIVEN THAT the offer price of 86 cents per share will now be increased to 90 cents per share and all acceptances will be paid at the increased price. 28th January 1965 The Chartered Bank (M) Trustee Ltd.

The Straits Times, 1 February 1965, Page 17 OFFERS FOR SHARES IN MALAYAN COLLIERIES LIMITED Hongkong and Shanghai Bank (Kuala Lumpur) Nominees Limited hereby announce that their offer of 65 cents per share made on behalf of J. A. Russell and Company, Limited will not be declared unconditional and may therefore be regarded as withdrawn. Acceptors of their offer are therefore free to accept an offer by another party. Scrip received will shortly be returned to shareholders or dealt with in accordance with their instructions.

The Straits Times, 9 February 1965, Page 12 PRICES SLIGHTLY EASIER ON STOCK EXCHANGE From Our Market Correspondent Malayan Collieries “shell” were dealt in at $1.

The Straits Times, 10 February 1965, Page 15 & The Straits Times, 27 February 1965, Page 19 MALAYAN CEMENT LIMITED LOST SHARE CERTIFICATE Application having been made to the Directors to issue a duplicate Share Certificate to replace the original Certificate stated to have been lost or destroyed, NOTICE IS HEREBY GIVEN that if within 7 days from the date hereof, no claim or representation is made to the Directors, they will proceed with the application for duplicate certificate and the lost certificates will be regarded as having been cancelled, viz: - Name of Shareholder Cert. No. Shares Dist. Nos: Tan Seng Phee Limited A.06763 375 18055512-18055886 By Order of the Board J. A. RUSSELL & CO., LTD. Secretaries Kuala Lumpur, 25th February, 1965

The Straits Times, 1 March 1965, Page 17 MALAYAN CABLES LIMITED NOTICE IS HEREBY GIVEN that the Eighth Ordinary General Meeting of the Members of the Company will be held at the Registered Office of the Company , Hongkong and Shanghai Bank Building, Kuala Lumpur, on Tuesday, 27th April 1965, at 2.15 p.m. The Directors are recommending payment of a final dividend of 11 ¼ % in respect of the period from 14th November 1963 to 31st December 1964. This dividend will be payable out of profits exempt from and without deduction of income tax. It will be free of Malayan income tax in the hands of shareholders under the provisions of the Pioneer Industries (Relief from Income Tax) Ordinance) 1958. The profit for the year ended 31st December 1964 was $1,040,410 (1963-$1,033,340). The Pioneer tax relief period ended on 31st May 1964, and provision is therefore being made out of the above profit for tax payable in 1965 insofar as it arises on taxable profits of the year under review in the sum of $409,517 (1963-$7,500). The transfer books will be closed from Wednesday,14th April 1965 to Tuesday, 27th April 1965 both days inclusive and the above dividend, if declared, will become payable to shareholders who names appear on the Company’s Register of Members on 14th April 1965. By Order of the Board J. A. RUSSELL & CO., LTD., Secretaries Kuala Lumpur, 26th February, 1965

The Straits Times, 5 March 1965, Page 6 No tigers, he said, till he met one on the road RAWANG, Thurs. A man who used not to believe in the presence of tigers in Templer Park met one early this morning. Mr. B. S. J. Davies, a works engineer with Malayan Cement Ltd. here, and his wife were returning to Rawang from Kuala Lumpur when they spotted the full-grown tiger padding slowly across the road. Mr. Davies said the tiger made no attempt to run but instead stared into the headlights of his car when it was halfway across the road. It then disappeared into the darkness. “All this time I have not believed stories about people seeing or meeting tigers in Templer Park but now I am quite convinced,” he said.

The Straits Times, 8 March 1965, Page 15 & The Straits Times, 9 March 1965, Page 16 ANNOUNCEMENT The Cement Producers of the States of Malaya are pleased to announce that they have reached agreement in establishing standard prices for cement on a regional basis throughout the country. The effect of this is to reduce the price for cement in areas furthest from the point of production while in the areas of close proximity to a works small upward adjustments have been made. The heavy freight element in cement distribution will thus be minimised for the outlying and rural areas in particular and this will be beneficial in achieving uniformity in building costs on a nationwide basis. The Cement producers feel strongly that the adoption of these new prices will provide a new price stability while allowing a healthy measure of competition in service and quality to continue. It is hoped that the new price list will have been circulated to all distributors and dealers by the 8th March. The list provides for a price of $3.70 a bag F.O.R. or F.O.L. Godown at points on the railway from Perlis to Johore Bahru, while from a point north of Gemas on the East Coast Railway inclusive to Kelantan the price of $4.00 per bag applies. The above are subject to small variations in respect of destinations not on the Railway Line, whilst ? four ex Works prices have been set at $3.65 per bag. MALAYAN CEMENT LIMITED TASEK CEMENT LIMITED MALAYA INDUSTRIAL & MINING CORPN. PAN-MALAYSIA CEMENT WORKS LTD.

The Straits Times, 23 April 1965, Page 16 ALL-ROUND IMPROVEMENT ON STOCK EXCHANGE It was announced yesterday that Malayan Collieries are making a capital issue of four-for-one on the 10 cents stock.

The Straits Times, 11 May 1965, Page 14 NO PARTICULAR FEATURE ON STOCK EXCHANGE From Our Market Correspondent MALAYAN COLLIERIES: The effect of resolutions passed at an extraordinary general meeting on Thursday is that the holders of the previous 10 cent shares have now become the holders of half the number of shares of $1 each fully paid, plus payment in respect of any fractions. For example, a holder of 1,355 shares of 10 cents each will receive 677 shares of $1 each and payment for the ½ share fraction which will be sold. Shareholders will shortly be requested to send in their share certificates for 10 cent shares to be exchanged for the new certificates for shares at $1 each. Transfer deeds in respect of the 10 cent shares are therefore no longer acceptable for registration. At the meeting the directors resigned and a new board was elected as follows: Messrs. Alun Ewart Llewellyn, Cecil Henry Gaskin and Inche Mohd. Raslan bin Dato Abdullah. Mr. Llewellyn was elected chairman.

The Straits Times, 21 May 1965, Page 9 A CEMENT PRICE WAR 'Over-production blamed for undercutting' 'One or more producers selling at prices below that agreed upon in March’ A PRICE war is raging among four major cement producers in Malaya. "One or more of the producers are selling cement at prices below that agreed upon by the four producers in March," the managing director of Malayan Cement Ltd., Mr. J. S. Duthie charged today. He declined to name them. It is believed that price undercutting started a fortnight ago. Then the cost of a bag of cement was $3.70. Today a bag costs as little as $2.80 – a drop of 90 cents. In March, the four producers Malayan Cement Ltd., Tasek Cement Ltd., Malaya Industrial & Mining Corp. Ltd. and Pan-Malaysia Cement Works Ltd - announced that they had agreed to establish "standard" prices for cement on a regional basis throughout Malaya. ‘Big four’ As a result of the breach of the agreement, Mr. Duthie said, the agreement was in “a state of suspension” at the moment. A meeting of the "big four" would be held on Saturday to try and resolve this problem. The main reason for the undercutting of prices was over-production, Mr. Duthie said. “The four companies are producing about 100,000 tons more than is needed in Malaya annually. "A feasible solution to the problem would be the exportation of the excess cement to Singapore. "Singapore is at present relying almost wholly on imported foreign cement for its needs. "Singapore imports about 100,000 tons of bag cement annually. If Singapore can absorb our 100,000 tons instead of importing them, then the pressure for undercutting would be a great deal less." The producers were discussing with the Singapore Government the possibility of control or restriction of foreign cement. The Singapore Government was still considering the matter. After meeting… Asked if the agreement would be abolished completely, he said: "Personally I don't think so, not if the producers want to get into the Singapore market." Mr. Duthie declined to give further details until after the meeting on Saturday "I don't want to jeopardise the outcome of our meeting," he said. The managing director of Pan-Malaysia Cement Works Ltd., Mr. Ng Hong Heng, agreed that there was undercutting in price but referred all details to Mr Duthie. The other producers were unavailable for comment.

The Straits Times, 25 May 1965, Page 9 Let us sell cement in S'pore, Govt urged KUALA LUMPUR, Monday. The four major cement producers in Malaya have asked the Central Government to seek the approval of the Singapore Government to allow their surplus cement to be sold there. "A formal request was sent to the Controller of Trade, Inche Abdul Ghani bin Mohammed Noor, after a meeting among the four producers on Saturday," Mr. J. S. Duthie, the managing director of Malayan Cement Ltd., said today. "All of us agreed to press the Central Government more firmly for early action to allow our surplus cement to be sold in Singapore. "This is the best way to stop the present price undercutting," he added. The main reason for the price war is over-production of cement by Malayan producers. Annually, there is a surplus of 100,000 tons which can easily be absorbed into the Singapore market if it ceases importation of foreign summit. The cost Before undercutting started a fortnight ago, the cost of a bag of cement was $3.70. Today it is $2.80 – a drop of 90 cents. Mr. Duthie said that until and unless Singapore was willing to buy Malayan-produced cement, the only solution to the problem would be to cut down production. "At our meeting on Saturday, we considered various formulae to cut down production. However, we failed to agree on a method which would satisfy everybody. "The main problem confronting us is to find the most economical method of reducing output with as little impact on labour as possible. "Reducing output will mean some retrenchment of workers. Thus the cheapest method may not be the best from the workers’ point of view. Fair "What we are trying to achieve is to agree on a method which strikes a fair balance – economical, but with as little retrenchment as possible." The four producers- Malayan Cement Ltd., Tasek Cement Ltd., Malaya Industrial and Mining Corp. Ltd. and Pan-Malaysia Cement Works Ltd,- are meeting again on Thursday to try to find an acceptable formula. However, if the Government meets their request quickly then it would be unnecessary to cut down production and retrench workers, Mr.Duthie said. The Controller of Trade, Inche Abdul Ghani, was not available for comment today.

The Straits Times, 25 May 1965, Page 13 ECONOMIC DEVELOPMENT BOARD PRODUCT & DESIGN CENTRE JOHN LITTLE BUILDING, RAFFLES PLACE, SINGAPORE-1. 1 FIRMS WITH PRODUCTS ON DISPLAY BOH PLANTATIONS LTD.

The Straits Times, 27 May 1965, Page 4 IMPORTANT NEWS FOR BUILDERS, CONTRACTORS, NOW AVAILABLE IMMEDIATE DELIVERY SERVICE TIGER CEMENT BAG OR BULK Malayan Cement limited's new mechanised packing plant at Brickfields, Kuala Lumpur, cuts delivery times, guarantees you fresh-pack supplies of Tiger Cement and Walcrete on the job, when you want it. 1. MCL’s new mechanised cement packing plant ensures you get fresh-pack Tiger Cement in perfect condition. Look for the Twin silos. 2. Bulk supplies or loaded bags. MCL’s new plant can meet your job requirements. Telephone your MCL distributor for immediate delivery. 3. Right in the heart of Kuala Lumpur-125, Brickfields Road. Open daily, Mondays to Saturdays inclusive, 7 a.m. to 5 p.m. MALAYAN CEMENT LIMITED A MEMBER OF THE BLUE CIRCLE GROUP OF COMPANIES

The Straits Times, •  27 May 1965, Page 5  • Malayan Cement Limited TIGER CEMENT CONSISTENT CONVENIENT COMPETITIVE MALAYAN CEMENT LIMITED. Manufacturers of Tiger Cement and Walcrete Masonry Cement.

The Straits Times, 21 August 1965, Page 15 BOH PLANTATIONS REQUIRE A SENIOR ASSISTANT for their Tea Estates at Cameron Highlands. A Minimum of 12 years agricultural experience is desirable of which at least half should be on first class tea plantations and include factory supervision. Applicant must either be citizens or possess unrestricted choice of employment in the States of Malaya. P.O. Box 245, Kuala Lumpur.

The Straits Times, 1 September 1965, Page 17  FORTHCOMING DIVIDENDS Malayan Cement (interim 28.9.64),

The Straits Times, 27 September 1965, Page 15 MALAYAN CEMENT LIMITED NOTICE IS HEREBY GIVEN that the Directors have declared an INTERIM DIVIDEND of 7 ½ %, less Income Tax at 40%, in respect of the year ending 30th November 1965, payable on 18th October 1965, to Members registered in the books of the Company on 9th October 1965. The Directors have decided to maintain the Interim Dividend at the same rate as in 1964 but consideration to the total distribution can only be given when the results for the full year are known. Compared with the equivalent period in 1964 there has been a reduction in sales of Tiger Cement and a narrowing of profit margins but not to such an extent as was at one time feared. Malayan production of cement has exceeded demand since the beginning of the year and this surplus of production is likely to persist until an acceptable basis for a common market can be worked out. The early achievement of this condition is considered vital to the well-being of the Cement Industry and it is hoped that the existing situation will not be aggravated by the entry of new manufacturers of cement. By Order of the Board J. A. RUSSELL & CO., LTD. Secretaries

The Straits Times, 19 October 1965, Page 15 NOTICES MALAYAN CEMENT LIMITED (Incorporated In the States of Malaya) NOTICE IS HEREBY GIVEN that an extraordinary general meeting of the members of the company will be held at the registered office, Hongkong and Shanghai Bank Building, Benteng, Kuala Lumpur at 2 15 o'clock in the afternoon of Tuesday, 26th October, 1965:- To consider and, if thought fit, to pass the following resolution as a ordinary resolution: - That the capital of the company be increased to $50,000,000 divided into 50,000,000 ordinary shares of $1.00 each, by the creation of 30,000,000 new ordinary shares of $1/- each ranking in all respects pari passu with existing ordinary shares in the capital of the company. BY ORDER OF THE BOARD J. A. RUSSELL & CO., LTD., SECRETARIES Dated the 18th day of October, 1965

The Straits Times, 22 November 1965, Page 5 Ulu Selangor tour KUALA LUMPUR Sun. The president of the Selangor Council of Regency, Tengku Azman Shah, will make an official tour of the Ulu Selangor district tomorrow. He will visit the district office, the Pertak Youth Training Centre, the Kuala Kubu Bahru Police College, the Serendah Boys’ Home and the Malayan Cement Works at Rawang.

The Straits Times, 4 December 1965, Page 20 UNCERTAIN STOCK MART WITH SMALL TURNOVER MALAYAN COLLIERIES: The directors of this company have received offers from the shareholders of Pan Electric Industries Ltd., Pan Electric Contracts Ltd., Metal Agencies Malaya Ltd. and Utility Finance Ltd. for the issued capital of these companies in exchange for shares in Malayan Collieries Ltd, The ration of Malayan Collieries shares to be issued against the capital of the four companies is: of Pan Electric one-for-one, Pan Electric Contracts one-for-one, Utility Finance 4.4-for-one and Metal Agencies six-for-one. The Malayan Collieries directors expect to receive from the newly acquired companies gross dividends of not less than $450,000 during the current calendar year and not less than $600,000 in 1966.

The Straits Times, 6 December 1965, Page 17 MALAYAN COLLIERIES LIMITED (Incorporated in the States of Malaya) NOTICE TO SHAREHOLDERS Your Directors have received offers from the Shareholders of Pan Electric Industries Limited, Pan Electric Contractors Limited, Metal Agencies (Malaya) Limited, and Utility Finance Limited, for the issued share capital of these Companies in exchange for shares of Malayan Collieries Limited in the following ratios:- Ratio of Nett Asset Malayan Issued and Value according Collieries Authorised Fully paid to last Shares to be Capital Capital Balance Sheet Issued against Company ($1 shares) ($1 shares) (Date) each $1 share Pan Electric Industries Limited 20,000,000 1,200,000 $1,200,487 (30.6.65) 1 for 1 Pan Electric Contracts Limited 5,000,000 300,002 $300,076 (30.6.65) 1 for 1 Utility Finance Limited 1,000,000 100,000 $404,649 (30.9.65) 4.4 for 1 Metal Agencies (M) Ltd. 2,000,000 150,000 $235,457 (31.3.65) 6 for 1 In addition it is proposed that the shareholders of Metal Agencies (Malaya) Limited be granted an option to acquire for cash a further 700,000 $1 shares in your Company on or before 31st October 1968 at $1.08 per $1.00 share on or before 31.10.66 $1.17 per $1.00 share during the period 1.11.66 and 31.10.67 $1.26 ½ per $1.00 share during the period 1.11.67 and 31.10.68 Pan Electric Industries Limited The Company was incorporated in Singapore on the 16th September 1960 with the principal object of manufacturing household refrigerators, room airconditioners and other domestic and industrial electrical equipment. The company is the holder of a Pioneer Certificate for the manufacture of household refrigerators, air-conditioners and electric and gas cookers. Your Directors are informed that the Company's plant at Tanjong Rhu, Singapore is the most modern of its type in South-East Asia and capable of turning out one refrigerator every six minutes. Production of refrigerators has commenced. Programming for the manufacture of other major domestic appliances during 1966/7 is in hand. Given a fair size home market for its products the Company should find interesting export possibilities. Pan Electric Contracts Limited. This company was incorporated in Singapore on the 22nd May 1963. It will in future act as the installation organisation for the other companies in the Group. The company is the holder of 300,000 shares in Pan Electric Industries Limited. A small contracting profit was made during the past financial year. Utility Finance Limited The Company was incorporated in Singapore on the 16th July 1959 and commenced business in 1962 as electrical contractors and engineers, and suppliers of capital electric and electro-mechanical equipment. The Company holds important are distributor agencies including those of the International General Electric Company, U.S.A., (heavy equipment for industry and public utilities): Laur Knudsen Manufacturing Company Limited, Copenhagen: S.A. Mague, Portugal, and others. Since 1963 the Company has completed the installation of two 11.25 Megawatt General Electric Gas Turbine Generators in Singapore, and the erection of a 125 ton capacity overhead travelling crane at Pasir Panjang “B” Power Station, Singapore. The Company was also concerned with the supply of all electric motors and control gear for the Birdsboro Mill at National Iron and Steel Mills, Jurong. Contracts remaining to be completed since the date of the last balance sheet, (30.9.65) are valued at over $4 million Metal Agencies (Malaya) Limited The Company was incorporated in Singapore on the 25th January 1954. There are two wholly owned subsidiary companies, Climate Engineering Limited and Climate Engineering (Malaya) Limited. The Company, together with its subsidiaries, carry on business as air-conditioning and electrical engineers and contractors, building materials suppliers and importers of domestic electrical appliances, as well as commercial catering and industrial laundry engineers. A number of agencies are held including the Compagnie Generale d’Electricite, France: Westinghouse Electric International, New York (room air-conditioners): S.A. Eternit Belgium: and South Wales Switchgear Limited, while the Climate Companies also act as sole distributors in Singapore and Malaya for Pan Electric Industries Limited. During the respective current financial years since the date of the last balance sheets, the Companies have completed major electrical and engineering contracts to the value of $15,450,000. Other works and orders on hand or in the process of execution are valued at nearly $15 million mostly in the field of high tension distribution systems and equipment in Singapore, Malaysia and Brunei. Conclusion After seeking the advice of the Company’s Auditors and giving careful consideration to the offers put forward, your Directors have accepted them and have invited six gentlemen to join the Board of Directors which would then consist of: – Mr. A. E. Llewellyn (Chairman) ) Mr. C. H. Gaskin ) Present Inche Mohd., Raslan bin Dato Abdullah ) Directors Mr. Oci Tjeng Ie Mr. Ho Chak Mr. E. E. Kahlenberg Mr T. Y. Tsong Mr. P. H. Meadows Mr. F. K. Cockcroft Your directors expect to receive from the newly acquired companies grosser dividends of not less than $450,000 during the current calendar year and not less than $900,000 June 1966. Such dividends will not be available for distribution to shareholders in view of an accumulated tax-loss amounting to over $1 million but thereafter it will be possible to make distributions from Franked earnings. On the other hand your directors expect that tax-free dividends from the Pioneer company can be passed on free of tax by your company as dividends to shareholders. By Order Of the Board J. A. RUSSELL & CO., LTD., Secretaries 30th November, 1965

The Straits Times, 6 December 1965, Page 17 MALAYAN COLLIERIES, LIMITED. (Incorporated in the States of Malaya) NOTICE IS HEREBY GIVEN that the Fortyseventh General Meeting of the Members of the Company will be held at the Registered Office of the on Thursday, 30th December, 1965, at noon for the following purposes:- To receive and consider the Balance Sheet as at 30th June, 1965, and the Reports of the Directors and Auditors. To appoint Auditors to hold office for the ensuing year. To transact any other business of an Annual General Meeting. By Order of the Board. J. A. Russell & Co., Ltd., Secretaries Dated 3rd December, 1965. Hongkong & Shanghai Bank Building, Kuala Lumpur.

The Straits Times, 8 December 1965, Page 17 M. CEMENT SETS UP ADVISORY SERVICE MALAYAN Cement Ltd. has set up a Cement Technical Advisory Service, the first or its kind in Malaysia. Its technical adviser, is Mr. Saw Ewe Seng, a civil engineer who recently returned from London after an intensive training in concrete technology with the parent company, the Associated Portland Cement Manufacturers Ltd. Mr. Saw said that it was the policy of the company to assist the consumers of their products to use them properly and economically. The company is offering: • Free testing of concrete cubes. • Assistance in concrete mix design • Advice on the uses and performance of their Tiger and Walcrete cement and • Supply leaflets and information on concrete technology, besides issuing technical memos at regular intervals. Mr. Saw said that the technical advisory service was gaining popularity among the users of it cement.

The Straits Times, 30 December 1965, Page 17 Malayan Cement ( final 9.2.65)