COMPANY REPORTS.
CHINA FIRE INSURANCE COMPANY, LIMITED.
The report for presentation to the shareholders at the fiftieth ordinary meeting to be held on May 22-
The Directors have now the pleasure to submit their Annual Report and Statement of the Company's Account made up to the December 31, 11st.
1917 Account:-This account shows a net profit on working of $452,600.13 which sum it is proposed to apportion as follows Dividend of $7.00 and Bonus of $2.00 per Share on
20,000 shares.................
To add to Reinsurance Fund $130,000.00...
To write off Furniture Account ..........
To carry forward to Underwriting Suspense Ac
DIRECTORS:
AUDITORS.
$180,000,00
130,000,00
*1,425,00
141,175.13
$452,600,13
$1,ps3,677,09
THE
AUDITORS.
CHINA MAIL.
Mesars. A. R. Lowe and. C.. Bernard Brown retire, but offer themselves for
re-election.
HONGKONG, 22nd April, 1919.
P. HL HOLYOAK,
Chairman.
I
To Nett Premium Interest.....
WORKING ACCOUNT, 1917. ON DECEMBER 31, 1918. DEDIT.
£ 723,229
48,289 18
વ
8 2.
9
*6
.$ 4,292,428 01 286,604 90
£771,519. 6 11 $4,579,032 91
02 16
C
CREDIT."
£
5. d. 15,426 15 S
A 51,900 -18 8
2,173 4 399,606
9
2
P
» Interim Dividend of $6 per Share.......
Balance.
468,107 1 4 12,732 11 9 24262 9 10 266,417 A 0
£771,519 6 11
WORKING ACCOUNT, 1918. ON DECEMBER, 31,1918.
£
To Nett Premium
Interest..
d. 766,786 11 S 52,243 3 1
5.
4,550,943. 57 310,067 56
2
EARLIER TELEGRAMS.
Router's Sarelos to the China: Mali.)
LEAGUE OF NATIONS.
BRITISH, AND ESPECIALLY SMUTS, AS MUCH CREDIT AS WILSON.
IN FIXING PEACE TERMS, BRITISH
MORE THAN PULLED THEDH
WEIGHT: "*
FRIDAY, MAY 16, 1919.
MANCHESTER WEEKLY
MARKET REPORT.
HONGKONG POLICE RESERVE,,
Orders isited by Mr. J. W. Franky: D.S.P.R.
LEAVE
WEATHER REPORT
Messrs. James F. Hutton and Co., | Ltd., 'Manchester, repor: on April 25— Cotron values, are now keeping fairly steady and during the past Orchestra Conductor Gonzales has month prices have not moved very been granted three months' leave to far from the average. This steadiness date from 21st May His duties will has not however had much effect on be undertaken during his absence," business which is still very quiet. by Assistant Bandmaster Rodrigues. The outlook as regards the next crop. which it is hoped. will be a large one as in the years 1913-15, is not too encouraging as planters are being urged to reduce their cotton 91,559 19
PARIS, April 30th..
May 16 13 17m.-No returns, from A prominens authority bas mentioned acreage leat the crop should be Japan and continental stations north of the fact that although it is not generally unprofitable owing to the present Foochow Pressure has decreased 308,036 44
realised Britain's part in the work of heavy. cost .of raising it. slightly over the Philippines and in- the Peace Conference has been almost. Whether they will accept such creased slightly elsewhere. The Tongking 12,898,36 preponderating.
advice is open to question, but in any depression bas partly fillet UP 2,365,761 23 He instances the League of Nations and
the Labour Convention, pointing out case, the weather is the most in Hongkong Rainfall for the 14 hours We heard of big ending at 10a.m. to-day, 0.1 inch. that the latter was practically wholly a portant factor. 2,778,255 22
British achievement, whereas Britain reductions of acreage when foodstuffs Total since January 1st 19.12 inebee, Claims at least an equal share with Presi were needed so badly a couple of of 15.56 inches.
Foment for the 2 hours ending at dent Wilson in the preparation of the years ago, but growers were not soon co the 17th. League, as the discussions of the League easily turned off growing cotton.
1.- Broekonk at Nations Commission have been based
Cap Rock. E The feature of the cloth market this winds, fresh; fair... on General Smuts draft, and it was
-Formors Channel N. wiada, doubtless, the recognition of Britain's week is that there has at last been
strong
moderating. part that a British officia? has bean ap-some business done for India. A few pointed the frat Secretary of the League. lines of Dhooties have been booked ongkong and Lamser. The same as
The naval terms and air clauses of thefer Calcutta and other markets in No. 1. Ponto Treaty were substantially as draft- India
4-South exrt of Chins between are telegraphing enquiries ed by the British authorities.
Dyed Goods,Hongkong and Hainsa.
The same as Moreover, the proposal to abolish Ger-fer Printed and
No. 1. what wil be the man conscription, one of the most im- but
pasi- portant clauses, emanated from Britain, tion when they receive the reply while the British view that thee Kaiser 2819,029 14 10 $4,861,011 13 should be tried and those responsible for telegrams three weeks after they
$
the atrocities punished ultimately pre- C.
railed. 192,611 55
356,131 43
12,846 84 1,311,268 90 2 503,464
2,988,102 41
£819,029 14 10- 84,861,011 13
1918 Account.The Balance at Credit of this
Account is ..
Mr. A. b. Lang. and Mr. J. A. Plummer retire by rotation and being eligible offer themselves for re-election. ****
The annexed accounts. havs been audited by Messrs. A. R. Lowe and C. Bernard Brown who offer themselves for re-election.
WORKING ACCOUNT, 1917. ON DECEMBER 31, 1918 DR.
Net Premia Received. Less Returns and Reinsurances Interest and Dividends .................
By Agency Commissions......
Head Office. Branches and Agency
Charges...
Remuneration to Directors, Com-.
mittees and Auditors......
.. Losses and Claims paid
Bonus of 20% paid to Contributors
$1,431,709:51 By Agency Commissions.
CR
Losses and Claims
Charges
Directors' and Auditors" Fees
Commission
Balance
Net Premia Received, Less Returns and Reinsurances
Interest and Dividends..
Losses and Claire.....
Charges
Directors' and Auditors' Fees
Commissions
Balance
P. H. HOLTOAK, Chairman.
1,255,373.00
176,336,51
$745,172.05 107,793.49 8,000.00
118,143.84
£
S
d.
.. Head Office, Branches and Agency
Charges.......
32,453 0
60,012 17,
9
3
2164 11 2 I 7
3
גון
Remuneration to Directors. Com-
mittees and Auditors. ...Losses and Claims paid................... 220,935
Balance
$75,568 97 144,000 00 1,581,208 72
$4,579,032 91
*
C
600,000 00
943,377 12 1,149,929 14
wired, one cannot say, and the thought which is uppermost is the The authority adds that Britain, in disgust that such delays in business other matters, like compensation for sub-telegrams should be possible. We marinismo, bás more than pulled her mentioned some time ago that the weight.
WHAT GERMANY LOSES As regards what Germany loses by the war, apart from human life, the follow ing is noteworthy: Germany losee 70 per cent. of her iron ore, 33 per cent. of her coal, 20 per cent. of her potash, between 7,00,000 and 8,000,000 of her form- er inhabitants, large proportion of whom are noa-German; also her Colonies zcalised Britain's part in the work of and ships.
RUSSIANS TIRED OF BOLSHEVISM.
Lostos, April 30th..
Delayed. Reuter learns authoritatively that the Russian peasants are increasingly revolt ing against the Bolshevist Government, especially in the districts near the Valga
390,446 18: 44,444 47 217,559 13d in Central Russia. 1,581,208 72 2,983,102 41.
· 166,587 14
452,600.13
$1,431,709.51
WORKING ACCOUNT, 1918.
ON DECEMBER, 31, 1918.
BALANCE SHEET. DECEMBER, 31, 1918.
£
.$1,681,188.48
184,656.36.
$1,865,844.84
To Capital 24,000, Shares of $83.33)
each $2,000,000 upon which
B.
101,093 15
d.
0
$449,319.63 158,364,50 $,000,00 166,483.62 1,083,677.09
$1,865,844.84
$25 per share called and paid up. Reserve Fund £159,791, 13, 4 ... 159,791 13 · 4 Reinsurance Fund £193,751.1.8... 193,751 I -8 Underwriting Suspense Account
£65,786.2.4
65.786 2 4
Sundry Creditors
Exchange Fluctuation Account.............. Investment Fluctuation Account... 36,556 Working Account 1917 Balance ... 266,417
1918
... 503,464 28,068
7,488 87
8 11
4 0 2 7
10.
3 10
0 ·3 $ 8,086,654 31
BALANCE SHEET, December 31, 1918.
LIABILITIES:
Capital Account.-
20,000 Shares of $100 each, $20 per share paid up.........
$400,000.00
Silver
Reserve Fund.........
1,000,000.00
Gold.
Extra Reserve Fund £25,000
148.377.12
Investments in Silver Securities...
Reinsurance Fund Account
835,357.59
Underwriting Suspense Account
343,052.82
Exchange and Investment Fluctuation Account
292,351,75
Sundry Creditors.........
196,856.58
"
Working Account 1917 Balance
452,600.13
Working Account 1918 Balance
1,083,677.09
$4,752,273.08
Assets.
£1,362,517
£
By Cash with Bankers on Current
and Deposit Accounts:--
£204,908. 89. 6.
Investments in Gold Securities
British ... £324,204, 5. 52 Foreign £364,351. 4.11 688,555 10
Sundry Debtors including Branch
& Agency Balances:-
Silver
Gold
5,
C.
49,852 19 204,9081 8
Q
56,289 - 0
€ 0
295,881 50 1,216,148 90 334,080 00
B
4,086,535 52
£42,058.17.10
12,873 18 0 42,058 17 10
75,407 72 249,623 10
*£935,522.16 8
Leasehold Property
$1,168,879.03
..£ 45,065
1
0
£ 75,199 12 6
267,464.90
1,275,179.84 446,316.17
307.976 6.
£1,382,517 0 3
£120,264 13 6
$656,250.00
149,253.73"
805,503.73
1,425.00
Cash at Bankers on Current and Deposit A. c-
Silver
Sterling
Investments-
In Silver Securities
In Sterling Securities--
Loans on Mortgages :—
On Properties in Hongkong.
On Properties in Shanghai
Furniture Account
Office Furniture, &c.
Sundry Debtors-..
Sterling Exchange taken at 3/4 7/16.
P. H. HOLYOAK)
S. H. DODWELL)
11
Sterling Exchange taken at 3/4 7/16. P. H. HOLYOAK, STANLEY H. DODWELL, S
1,827,877 57
8,086,654 31
-Directors.
C. MONTAGUE EDE
General Manager.
Auditors' Report. We report that we have examined the Accounts of the Company at the Head Office with the Books and Vouchers in Hong- kong, and Returns received from the various Branches and Agencies for the year ending 31st December, 1918. We have also satisfied ourselves as to the existence and value of the Securities for Investment, the Cash at 787,504.41 Bankers to the amounts specified We have obtained all, the information and explanations we have required, and in our opinion the above Balance Sheet is properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs according to the best of our information, and the explanations given to us, and as shown by the Books of the Company.
$4,752,273.08
Directors.
C. MONTAGUE EDE,
General Manager.
BRITISH TRADERS" INSURANCE COMPANY, LIMITED.
The report to the shareholders at the fifty-third ordinary meeting to be held at the Company's Offices at 12.45 p.m. on Thursday May 22, 1919. The Board has now to lay before the Shareholders a Balance Sheet containing a summary of the property and liabilities of the Company on December 31 1918, and a statement of Accounts, together with the sterling equivalents, to the same date.
1917 Account. After payment of the interim dividend of $6 per share and the bonus of 20% to contributors passed at the last annual meeting, there remains a balance of $1,581,208.72 as per annexed statement. The Board recommends that this sum be appropriated as follows;-
A final dividend to shareholders of $8 per share on
24,000 shares.....
--------
An addition to Reserve Fund of £5,208.6.8 @ exchange 3/4 7/16 in order to bring the Fund, after conver. sion of the Silver Reserve Fund into Sterling @ Exchange 3/4 7/16, up to £165,000................
An addition to the Reinsurance Fund of £120,000 @
Exchange 3/4 7/16........
To write off Leasehold Property Account £5,000 @ Er
change 3/4 7/16
To be carried forward to Underwriting Suspense "Ac count to close the account for the year 1917...
192,000,00
30,911.90
A. R. LOWE,
C. BERNARD BROWN, Í
Hongkong, 12th May, 1919.
ALLEGED FORGING OF A DEED.
WEALTHY CHINESE WOMAN CHARGED.
· Chartered Accountants
Auditors.
TENNIS.
***
No. 33 CO. R.G.A. Y. R.A.0.0.
This Garrison League match was played at Lyernur on Wednesday 3rd Company by five games. and after a cose contest, won by the
Secres
.
of interest among the wealthier class A case wiridh created a great deal Chinese, was heard by Mr. R. E. Lindsell, at the Magistracy, yester- Bdr. Green and Gar. Perkins, 83rd day, when Leung Wai Ching, a Co., lost to L-Col. Coles and Rev. woan of saat appearance, was Bundle, 4-5; lost to Sub-Cou. olaged with: (1) abetting and pro- Harding and S.Sgt. Prior, 3-6; beat curing some person unknown to forge Capt. Munn and S.Sgt. Gibbons, an indenture of mortgage, dated out."
Treut. Mann und Bdr. Nicholls, June 10, 1918, purporting to be made, between one Ip Sze To Shi, the com- beat Coles and Bundio, 6-4; beat 712,210.20 pluinart, Chinese wornan, and Shui Harding and Prix, 6-8; lost to Tat Hing, and disposing of sume Maun and Gibbons, 4-5. 29,675.42 knowing it to be forged; and (2) abet. ting, counselling, und procuring some 616,411:20 person unknown to forge a deed poll, duted June 13, purporting it to be a $1,581,208.72 Power of Attorney from one IpSze To Shi, to the defendant, and trying
forgel, contrary to Sections 22
1918 Account. The Balance of Working Account on the 31st December to dispose of the same knowing it to
1918, was $2,983,102.41 as per annexed statement.
DIRECTORS.
Capt. Lucy and Sgt. Athome, beut Harding and Prior, 8-1; beat Mann sad Gibbons, 54; lost to Coles and Bundle, 3-6.
Totels: No. 83 Co. R.G.A., 48 gunes; R.A.0.C.. 88 gumes.
.
The Board recommends that an interim dividend of $6 per share be paid Land 49 of Ordinance No. 4 of 1804., plainant, is alleged to have persuaded
to shareholders, absorbing $144,000 and that a bonus of 20 % be Mr. E. EX Davidson prosecuted in the woman to iuipemonnte com paid to contributors, absorbing about $125,000 and that the remainder and Mr. W. E. L. Shenton appeared † plochu, and by this means to have be carried forward. :
for the defence.
executed unobber mortgags on the A Davidson made a long state. supe property for $8,500. It is said Since the last General Meeting Mr. G. T. Edidins has resigned his seat on mere to the effect that complains that defendant represented to the leaving the Colony and Mr. R. Ross Thomson of Messrs. Butterfield bought a property for $10,000, these mortgages that she beid a & Swire has joined the Board.
money being let her by her husband, Power of Attorney from complain- and subsequently mortgaged it to aunt.
In accordance with Clause 79 of the Articles of Association Mr. A. O Lang
2
2
and Mr. J. A. Plummer retire, but offer themselves for refr. Soares for $6,000. The defen The case was adjourned till this election.
dent, who is relative of the coun- | afternoon.
proTM
The Soviet Government bis claimed martin law in 2 districts. A large number of Soviet agents have been Lilled in Saratoff and Smolensk.
to
outh cosas of Chins between
C. J. JEPYRIs, Chiet Assistant.. Hongkong Observatory, May 16, 1919
HONGKONG TIDES.
The zern of the table corresponda with the rero of the sounding in the Admiralty Chart, which has been found to be 4 feet 1 inches below mean "a-level
The tide-tehle viven below has been. question of a reduction in the hours compiled at the National Almanac Offes the cotton trade in London from the rest of the analysis of working in would be coming forward, and of observations taken by means of so that it was a certainty that some Fater Police Basin at Tsim Sha Traf automatic tice-recording maching in the considerable reduction would be turing the years 1918- agreed upon and so add to the cost of production This matter is being negotiated, but at the moment such negotiations seem almost an absur- dity. The trouble at present is not excessive hours of labour, but exces sive short time with the shadow of an absolute stoppage owing to lack of business. However, so far as the question of working hours, when there is work to do, is concerned, the present position is that the oper- atives are asking for a 44 hour week
To obtain the depth of water on the ide gange at the Victoria Naval Yard add 3 feet 4 inches, and on the gangs at Lariost Dock, Aberries, add 10 feat leches to the height given in the table.
May 17 to 23, 1919.
they worked in pre-war days a 554 hour week; the employers have offered to reduce working hours to 494 hours, but since then a com- The Soviet Government at Moscow is mittee of the Industrial Council hassan. seriously alarmed and is frantically unanimously recommended a 48 hours appealing to the General Koltchak's advance,
proletariat
week in practically all trades, and Strikes in Petrograd during March this will probably be the basis of the Were very acute. They were suppressed ultimate settlement. in the most brutal fashion, in one case boiling water being turned on the con- gregated workmen.
to resist
The Taikoo Dock Company is issuing invitations to the launching of the .s. Wer Driver which has been built by the company to the order o the Shipping Controller. The Munching takes place at 10 a.mi, on May, 20.
NOW IS THE TIME.
OR rheumatism you will find nothing better than Chamberlain's Pain Balm. Now is the time to get rid of it. Try this liniment and see how quickly it will relieve the pain and soreness. For ale By All Chemists and. Store. keepers.
BANVARD'S COMPANY GIVES UNALLOYED PLEASURE.
YALT ma.
17.
13:01
20 m
Wed 1
Thur,
#
לות
Love Wi Angross
Ratra
HONGKONG REGISTER..
The "Banyard's Musical Comedy Barometer... Company continued their run of full femperature houses last night. They presented Humidity ...... Oh Papa" for the first time and it Direction of
Wind proved an instantaneous, hit. All the Force girls were if anything in better form Weatherw last night, and extremely vivacious. | Rain... The "play" obtrudes itself occasion. ally and gives the charming chorus girls time to robe in another set of original and delightful dresses.
Unalloyed pleasure of the audience. was obvious.
Allen
11
O data at Da data, at
6. B
Previous
At $p..
3 p
29,78 29.76
29.70
78
71
73
20
67
75
E
צאB
4
0.08
0.00 0.01
Highest open ar Tamperature on the 18th-73 Lowast opas six Temperames on the 10th-7L
T. F. CLATION, Drector. Hongkong Ubservatory, May 18, 1919,
THE UTILITY CAR Today's demands demand more of a motor car. Study this Allen New Series 41.
It is big enough and powerful enough and fast enough to meet the pace of any vigorous family.
It is exceptionally comfortable. And it is truly economical-in fuel, and also because it stands up under the hardest kind of service.
GERIN, DREVARD & 00.
Téléphone 114.
Now Al
Series