For the descendents of Richard Dearie and his son John Russell
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The Straits Times, 6 January 1966, Page 14 INDUSTRIAL SHARES ARE AGAIN VERY ACTIVE From Our Market Correspondent MALAYAN COLLIERIES The chairman Mr. A. E. Llewellyn has announced that the company has acquired the remaining 300,000 shares in Pan Electric Industries Ltd. He said no dividend will be proposed for the year ending June 30, 1966, but forecast a dividend of not less than 10 per cent, tax free, for 1967. All shares Mr. Llewellyn added that in the coming year the company intend to purchase for cash at par from Metal Agencies (M) Ltd. all the shares in that company’s wholly owned subsidiaries, Climate Engineering Ltd. ($90,020 $1 shares) and Climate Engineering (Malaya) Ltd. (100,005 $1 shares). The company will then hold directly all the issued shares in both of these companies. It is desirable that the financial year of all the companies in the Group shall end on a common date and this matter is receiving attention, says Mr Llewellyn. Metal Agencies (M) report estimated net earnings before tax for the year ending December 31 of over $700,000, these do not include earnings of that company's subsidiaries, Climate Engineering and Climate Engineering (M). The company has received gross dividends amounting to $60,000 from Metal Agencies (M) and $440,000 from Utility Finance Ltd., paid out of previous earnings. In the case of Pan Electric Industries the refrigerator factory has made a good start, production being up to the planned schedule with sales at an encouraging level.
The Straits Times, 15 January 1966, Page 20 MORE DEMAND IN EQUITIES: MALAYAN COLLIERIES: This is now a holding company having entirely ceased to be remotely connected with coal mining in any shape or form.
The Straits Times, 21 January 1966, Page 11 Fridges made here PAN -ELECTRIC Industries Ltd. factory now in full production at Tanjong Rhu, Singapore is shown above. The plant has a production capacity of 20.000 refrigerators per annum, which is capable of being extended to 40,000 units with the installation of little additional machinery. The whole of the capital at Pan Electric was recently acquired by Malayan Collieries, now a holding company. Three other subsidiaries acquired are Pan Electric Contracts Ltd., Metal Agencies (M) Ltd. and Utility Finance Ltd. A three year option has been granted in connection with the four-fold acquisition for 700,000 shares at $1.26 ½ per share. This when exercised will raise the issued capital and benefit the group cash position. Dividend A minimum tax free dividend of 10 per cent has been forecast by the chairman in 1967. It is stated that the group have completed $26 million of contract business. Six hundred thousand shares are being placed through two or three stockbrokers at $2 or 20 per cent of the capital increased to over $3 million. Statistics show Singaporeans purchased approximately 11,000 refrigerators during 1965.
The Straits Times, 29 January 1966, Page 10 Malaysia's own science research MANY people who are aware of the economic benefits which—even in the short term—can accrue from soundly based, well directed and co-ordinated research will welcome Mr. Anthony Santiago's timely appeal for organised action as reported in your issue of Jan. 25. It is to be hoped that Mr. Santiago’s informed and authoritative urgings will find support from enlightened industrialists as well as the academic world and the public at large. However I must take issue with Mr. Santiago on one point. According to your report he infers that nothing is being done to find a productive use for rice husks and this I must in all humility refute. Here are the facts for the record. Some 12 months ago now Malayan Cement Ltd. through its membership of the Blue Circle Group of Companies obtained access to the results of research work done overseas into the use of rice husks as an aggregate for lightweight concrete. Space forbids a full description of the enormous benefits to building techniques throughout the world that have resulted in recent years from the use of lightweight concrete. Mineral lightweight aggregates are often expensive and in Malaysia in particular are very scarce so that the significance to Malaysia of the rice husks discovery was quickly seen. Malayan Cement duly informed the Government ministries and departments mainly concerned but more importantly they reported the matter to the newly formed Cement – Concrete Association of Malaysia – a body founded and sponsored by the four cement producers of Malaya, with the aim of initiating and supporting research into the uses of cement and concrete in building technology. This association which finances its operations by means of a self-imposed levy on each ton of cement produced in Malaya has made provision for the expenditure of $100,000 in the pursuit of its aims in 1966 and included in the current program is a further investigation into the use of rice husks as a lightweight aggregate. Agreement in principle has been reached with the Engineering Faculty of the University of Malaysia to undertake this work, and it is to be hoped that early results to the ultimate benefit of both the building and agricultural industries will be forthcoming. Nothing in this letter seeks to mitigate the force of Mr. Santiago's appeal or to detract from its merit. The role of private industry in research must be limited in both scope and effort and may well in the absence of a national coordinating body lack direction. The association fully recognised this recognise this. But small as our present effort is it would be less than fair to allow Mr. Santiago’s otherwise welcome statement to go unchallenged. J. S. Duthie Chairman The Cement and Concrete Association of Malaysia. Kuala Lumpur
The Straits Times, 4 February 1966, Page 14 MALAYAN CEMENT LIMITED NOTICE IS HEREBY GIVEN that the sixteenth Ordinary General Meeting of the members of the company will be held at the registered office of the company, Bangunan Getah Asli, Jalan Ampang, Kuala Lumpur, on Friday, 25th March, 1966, at noon. The Directors are recommending payment of a final dividend of 10 % (less 40% income tax) making with the interim dividend of 7 ½ % (less 40% income tax) already paid a total of 17½ % (less 40% income tax) in respect of the year ended 30th November, 1965. The net profit for the year ended 30th November, 1965, amounted to $2,574,948 (after provision for income tax) (1964 $4,072,510). NOTICE IS ALSO GIVEN that the share register will be closed from Saturday 12th march, 1966 to Friday 25th march, 1966 both days inclusive, and the above dividend, if declared, will be paid to shareholders whose names appear on the company’s register of members on 12th March 1966. By Order of the Board D. A. Simpson Secretary. Kuala Lumpur, 3 Feb. 1966.
The Straits Times, 5 March 1966, Page 6 Malayan Cement resumes work KUALA LUMPLR. Fri. Malayan Cement Ltd., in Rawang, will resume production tomorrow after being closed for two weeks following a .strike by 230 of its workers on Feb. 18. Agreement to end the strike was reached yesterday.
The Straits Times, 15 March 1966, Page 7 Emergency one of the reasons cement firm didn't start work KUALA LUMPUR. Mon. The emergency in Sarawak was one of the reasons the Borneo Cement Manufacturing Corporation could not start operation even though it received its pioneer status two years ago. The other reason was that the company could not obtain a suitable site to set up a cement plant. This was stated here today by Mr. Ng Ek Teong, legal advisor to the company, at a special hearing of the Tariff Advisory Board which wanted to know the causes for the delay in operation. Appearing on behalf of the company, together with its director, Mr. Ng said it was proposed to start a quarry in the Bau district. But owing to the emergency, there was no guarantee that the machinery set up there might not be sabotaged by Indonesian infiltrators. A guarantee It would be difficult to get the workmen out there unless their safety was also guaranteed, he added. Mr. Ng told the board that the company will still waiting for the Sarawak Government to approve a block of land at the Pasir Puteh wharf to set up the plant. He agreed with the Board’s chairman, Mr. L. A. D. Williamson, that the delay was not entirely the fault of the State Government. The company had asked that the land be increased from 15 acres to 20 acres. Mr. Ng further disclosed that the company, which would have an authorised capital of $15 million, had spent $250,000 on preliminary investigations. The present consumption of cement in the Borneo States was about 100,000 tons annually he added. The plant, when in production, would produce about 150,000 tons a year. Pioneer status In his evidence today, the managing director of Malayan Cement Ltd., Mr. J. S. Duthie, suggested that the pioneer status granted to the Borneo Cement Manufacturing Corporation be suspended. His company, he said, should also be given the opportunity to conduct a survey and set up a plant there. Mr. Williamson was assisted by his two deputies, Inche Sujak bin Rahiman and Mr. D. Miller.
The Straits Times, 16 July 1966, Page 17 & The Straits Times, 18 July 1966, Page 18. MALAYAN CEMENT BERHAD Applications are invited from suitably qualified male candidates for positions with the Marketing/Sales Department in various parts of Malaya. Candidates should have the following qualifications: - Age: 25-40 Years Education: graduate but Senior Cambridge or equivalent holders will be considered. Experience: at least 3 years experience of sales promotion, preferably in Building Industry. Language: should be fluent in Malay, Hokkien, Cantonese and English. Be prepared to travel within Malaysia The Company offers good prospects for advancement. Applicants with the necessary qualifications should apply together with details of their present salaries to: The Secretary, Malayan Cement Berhad, P.O. Box 2139, K. Lumpur.
The Straits Times, 22 July 1966, Page 12 New cement now made locally MALAYAN Cement Ltd., a member of the Blue Circle Group and manufacturers of Tiger Ordinary Portland Cement and Walcrete Masonry Cement, are now manufacturing a rapid hardening cement called Ferrocrete. Until now Ferrocrete has been manufactured at the groups works in Britain and imported into Malaysia. Ferrocrete is a Portland cement which, although similar in its physical and chemical properties to ordinary Portland cement, is more finely ground and has a higher rate of early strength development. A company spokesman said despite its high early strength characteristics, Ferrocrete sets in the same time as Tiger brand ordinary Portland cement enabling mixing, placing and compaction to be carried out at a normal speed. Ferrocrete would be advantageous for many types of work—in situ structural concrete, pre-cast units, screeds, rendering, soil-cement roads, machinery beds and foundations to mention but a few. It completely eliminates the cost of additives, said the spokesman, ensures uniformity in the quality of the concrete, and is conducive to site supervision and control.
The Straits Times, 27 July 1966, Page 17 FORTHCOMING DIVIDENDS Malayan cement Interim (27.9.65)
The Straits Times, 5 August 1966, Page 11 Glut— so cement price war is on again By LEE FOO SAN: IPOH, Thursday Another cement price war is on resulting in a drop in price of 85 cents from $3.25 a bag to $2.40. In May, last year, a similar price war reduced the price of a bag of cement from $3.70 to $2.40. Spokesmen for the two major producers here said that to the present over-production situation developed as a result of Government’s indifference to their appeals for export of their products. "There is a serious glut in the market now as a result of increased production and a limited market," said Mr. Yeoh Kian Hin, an executive director of Tasek Cement Ltd. "A cement price war has started and prospects are that the price will go down further. No response "There is over-production with no unforeseeable outlet. If we cut down on production, the cost will soar. "Repeated attempts were made to the Government to throw open the Borneo market to the cement industry in mainland Malaysia, but so far there has been no response. "The cement industry wonders why so much is being done for other industries and so little for cement." M. Ng Hong Heng, managing director of Pan-Malaysia Cement Ltd., confirming the over-production, said "There is nowhere to go. We cannot sell in the Borneo territories. A breach “The Government is not prepared to help us, and therefore we have to dump our products on the market here and have a price war. “Representations have also been made to the Tariff Board, but to no avail so far." In March last year four producers-Malayan Cement Ltd., Tasek Cement Ltd., Malaya Industrial and 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. But, as a result of breaches of agreement, it has become non-operative.
The Straits Times, 22 August 1966, Page 15 & The Straits Times, 23 August 1966, Page 17 & The Straits Times, 24 August 1966, Page 17 NOTICE NOTICE IS HEREBY GIVEN that with effect from 27th June, 1966 Mr. Lani Wong Teng Tuan has ceased to be in the employment of Malayan Cement Berhad and is no longer authorized to transact business or to receive moneys on behalf of us. SHARIKAT MALAYAN CEMENT BERHAD, 150, Jalan Ampang, Kuala Lumpur.
The Straits Times, 10 September 1966, Page 4 Advert CONCRETE sets the pace for Malaysia’s progress In transport, flyovers bridges harbours In industry, offices dams In your personal life, homes schools PORTLAND CEMENT…..SOLD ALL OVER THE WORLD AND MADE IN MALAYSIA BY…..MALAYAN CEMENT LIMITED . TASEK CEMENT LIMITED . PAN MALAYSIAN CEMENT WORKS LIMITED . MALAYA INDUSTRIAL AND MINING CORP. LIMITED THE FOUNDATION OF MALAYSIAN INDUSTRY
The Straits Times, 29 September 1966, Page 17 MALAYAN CEMENT BERHAD NOTICE TO SHAREHOLDERS NOTICE IS HEREBY GIVEN that the Directors have declared an interim dividend of 5 %, less 40% Income Tax in respect of the Financial Year ending 30th November 196, payable on 21st October 1966, to members registered in the books of the Company on 8th October 1966. The Directors have felt obliged to reduce the interim dividend in the light of the reduction in both the level of sales and profit margins consequent on the severe over-production in the industry. The situation is unlikely to improve unless the level of production can be rationalized or additional outlets can be found. By Order of the Board, D. A. Simpson, Secretary. Bangunan Getah Asli, Jalan Ampang, Kuala Lumpur. 27th September, 1966
The Straits Times, 3 October 1966, Page 16 Stock Exchange lacks any real enthusiasm Two events in the equity section were not lost on investors. Malayan Cement, which has been forthright in its statements about local overproduction of the commodity, reduced its interim by 2 ½ per cent to 5 per cent and fell 4 cents on the week. Later in the week came the imposition of duty on cement imports into Singapore which will effect Malayan Cement and Tasek and also Pan-Malaysia cement (although this is a non-listed private company). Malayan Cement and Tasek will therefore be hit further unless alternative markets can be found.
The Straits Times, 5 October 1966, Page 12 Understudy for cement manager MR. K.L. Lim, Bsc. Eng. (London) (below) is now acting as understudy to the works manager of Sharikat Malayan Cement Berhard at Rawang. He will eventually take over as works engineer. This is evidence of the company's obligation in following strictly the policy of the Government to Malayanise industries, says a company statement. It is their hope that, eventually, a fair proportion of the various races of Malaysia will be given opportunities to take over responsible jobs in the higher income group. At the moment, the company is offering scholarships for further studies in the technical field. Mt. K. L. Lim is 25 years old and he is a mechanical engineering graduate of London University. Before returning to Malaysia he spent one year post graduate with Associated Portland Cement Manufacturers Ltd. in U.K. covering specialized jobs in plant maintenance, processes, organisation and labour etc. He was away for four years. (photo)
The Straits Times, 14 October 1966, Page 12 Malayan Cement ON this page on October 5 it was inadvertently stated that Mr. K. L. Lim BSc. had been appointed understudy to the works manager of Sharikat Malayan Cement Berhad. He has been appointed understudy to the works engineer at Rawang.
The Straits Times, 4 November 1966, Page 17 & The Straits Times, 5 November 1966, Page 18 A CAREER IN THE CEMENT INDUSTRY Malayan Cement Berhad have vacancies for young and energetic men as SALESMEN within a country wide network. The following are essential qualifications:- CITIZENSHIP - Malaysian AGE - 25-35 Years EDUCATION - Higher School Certificate or equivalent holders EXPERIENCE - 3 years experience of sales promotion, preferably in the Building Industry LANGUAGE - Fluency in Malay, Chinese dialects and English. TRANSPORT - Ownership of a car The Company offers good prospects for advancement and applicants must be prepared to travel and work within Malaysia. Applicants with necessary qualifications should apply together with details of present salaries to: The Sales Director, Malayan Cement Berhad, P.O. Box 2139, K. Lumpur.
The Straits Times, 18 December 1966, Page 6 Annual meeting KUALA LUMPUR Sat. The Malayan Collieries Ltd. will hold its annual general meeting at the Hongkong and Shanghai Bank Building here on Dec. 31.
The Straits Times, 24 December 1966, Page 16 MALAYAN COLLIERIES announce that their annual general meeting will be held on December 31. The board of directors say that, with the approval of the Registrar of Companies, no accounts and reports will be presented at this meeting. In line It is the board’s intention in view of the acquisition of a number of subsidiary companies since the date of the last accounts, to bring all accounting years into line at December 31, and that accordingly accounts and reports in respect of the company and its subsidiaries made up to that date should be presented at the general meeting to be called as early as practicable in 1967. The directors say that the company and its subsidiaries have operated satisfactorily to date. They see no reason to modify the indications regarding dividends in 1967 given in the chairman’s statement last year.
The Straits Times, 27 December 1966, Page 15 & The Straits Times, 29 December 1966, Page 15 & The Straits Times, 31 December 1966, Page 16 MALAYAN CEMENT LIMITED MALAYAN CEMENT BERHAD ANNOUNCES DIRECT SALES TO DEALERS AND CONTRACTORS With effect from 1st January 1967, Malayan Cement Berhad will be pleased to accept orders for TIGER CEMENT. WALCRETE and FERROCRETE direct from dealers and contractors. The Company's Sales Staff will be calling on you shortly. Meantime enquiries are cordially invited at offices and depots established throughout west Malaysia. Head Office: - BANGUNAN GETAH ASLI, 150 JALAN AMPANG, KUALA LUMPUR. TEL: 88306/7/8