FRIDAY, MAY 28, 1926.
UNION INSURANCE.
(Continued from Page's)
Canton Revival.
With regard to what has been anld about our long-standing friend- ly Intercourse with the Cantonese, wo doubtless all rogret the prosent misunderstandings that have risen between us and look forward to- a rovival of the friendship and a renewal of business.
・ COAL CRISIS.
HOUSEHOLDERS SUPPLIES
"AXED
SERIOUS SITUATION.
(Reuter's Service.)
London, May 27.
“CHINA FIRE,”
THE CHINA MAIL.
COMPANY IN SUCH STRONG POSITION.
!!
THE ANNUAL MEETING,
The annual meeting of the China Fire Insurance Co., Ltd., was held to-day at Union Build- The seriousness of the coating, it being stated that the com altuation is emphasised by an an- pany was in "such a strong posi. nouncement by the Secretary of tion."
..j
In these days it is no wag hiding one's light under a bushel, and the State for Mixos that householders Mr. J. A. Plummer presided, policy of expressing the Society's will only be allowed a half cut. of supported by the Hon. Mr. A. O business in the substantial build-coal weekly from to-morrow. They Lang, Mr. T. G. Weall and Mr. ings such as have been opened at must fetch it themselves, and they W. L. Pattenden (directors) and Singapore and Sydney is, I ven- must have a written permit from Mr. Paul Lauder (general mana- Lure to any, one of the best forms the local authorities. This is ager). of propaganda" and advertisement quarter of the amount allowed in which can be made use of.
1 feel confident that we can look forward to a continued increase. in the results of the working of the Soetery, and I heartily endorse everything that has been said by the Chairman with reference to the ability and discrimination of the General Manager and staff in con- ducting the business.
I have much pleasure in second ing the Report and Accounts.
MR. ALVES SPEECH.
have listened
Mr. Chairman,—}
to your speech, with great interest
in
Chairman's Review.
the smallest houses in war time. The chairman's address, after one of many restrictions. the usual reference to accounts, imposed owing to dwindling supetc., WAS {m plies,
Business premises are cut down to hat their usual supplies. No luminated signs are allowed, and street lighting is reduced to a safety minimum.
A. Whitehall communique pub- | Ished under tho Emergency Powers Act in this connection adde that heavy penalties are provided, for non-compliange with the above orders.
Newspaper Settlement.
AFTER FIVE YEARS..
ABD-EL-KRIM'S, GUERILLA
WARFARE.
COMMENTS: ON DOWNFALL.
(Reuter's Service.)'
WU FOR PEKING.
«HIS COMING" MEETING WITH
CHANG TSO-LING,"
IMPORTANCE EMPHASISED.
(Reuter'a Service).
Hankow, May 28. Marshal Wa Pol-fu left for Pek- ing by special train at nine o'clock this morning,"
Commenting on his departure.
"London, May 27, Abd el Krimis surrender does not merely end the career of the world's most picturesque figure, whose five years guerilla warfare the vernacular papers state that alast two European Powers be-his forthcoming meeting with Mar gan by a crushing defeat of the shal Chang Tso-ling will dispel all Spaniards in 1921, but probably the rumoure of differences between terminates the secular quarrel be
them and anable them to arrive at tween the Moore and Spaniards,
a lasting understanding for the country's peace.
Abd el Krim, no ignorant moun- tainer, was the guest of the Govern-.
Gentlemen,The working acment of Madrid, for two years ba count for the year 1924 shows a balance of 3715,063.76 to be dealt with. Your directors recommend that this balance.be appropriated as follows:-
Dividend of $9 and bonus of $5 per share on 20,000 shares, $280,000.00,
To be carried forward to underwriting suspense account, $435,063.75.
4
fore he attacked them. As a res suit of his special course of study in Madrid, he engaged foreigners to teach the tribesmen méthods of modern warfare, and he controlled the Riffiari troops by means of an extensive telephone system,
Among the political conse- quences of the Rifan adventure| has been the establishment of a Dictatorship in Spain, and the re- cognition by France of the neces- alty of close Franco-Spanish co-operation in Morocco, while the downfall of Abd el-Krim will have repercussions in the whole of the Meslem world.
The local students are
most
active, collecting, funds" and other- wise encouraging
British Cigarette Company strika. The company is optimistic and hopes for a settlement in two or three days,
WHITE STAR LINE.
PROPOSED SALE TO BRITISH INTERESTS
The balance at credit of the
MEETING TO CONFIRM. The Federation of Master 1926 account is $904,610,30. and generally wish to support the Printers and the Newspaper It gives your directors much
(Router's American Servics.) statements made by Mr. Young in Society to-day agreed to a na-pleasure to be able to present to seconding the adoption of the rational settlement with the Printing you an annual report showing the
New York, May 27, port and accounts. I am in agree and Kindred Trades Federation Company to be in such a strong
The International Mercantile ment with most of his remarks, but providing for a continuance of the position.
The "Times," in an editorial, Marine Company will hold a meet- You will notice from the work- hopes Abd el Krim's correspondenceing on June 17 to confirm the pro- I desire to emphasize one particu- agreements existing prior to May 1, lar point which has not been suff-
It contains provisions for the pre-ing accounts that the actual nett will be published in order to reveal posed sale of the Oceanie Steam vention of lightning strikes, and premium shows a decrease in to the world the intrigues of the Navigation Company, otherwise no comparison with last year. This mining concessionaires and Anan-known as the White Star Line, to interference with the contents of was anticipated, however, and raciers who exploited Riff cupidity British interests headed by Farness, newspapers and periodicala. pub. presents the consequence of the and fanaticium.+
Withy and Company for about In the nature of things, under-lished by members of the cen curtailment of business, the re
$7,500,000. sults of which did not in the opin- takings large or smalt rise or fall plovers organisations.
It is understood in ion of our management justify the
connection with the sale that the liability incurred.
vendors agree to limit competition in the present White Star trade
ciently stressed upon, and that is
the prosperity
of the Society is, stipulates that there shall be
in my opinion, solely the result of
one guiding hand.
by the efforts of one person. and unorthodox as it may seem to you,
it.is my firm belief that the larger
the greater it.g
WILL IT RAIN?
It is anticipated that the balance of 1925 working account will show a satisfactory result.
Effect of Exchange..
Surrender Expected.
routes.
PREVIOUS NEWS."
Tanglers, May 27. The "aurrender of Abd e Krim was not surprising, as it was known the undertaking
he was in flight, if not hiding, fear- probability of success, where its South er variable winds,
ing nsenssination by his disappoint- ed followers, destinies and broad questions of moderate; generally overcast,
The French had policy are confined to the hands of showers-thus. the forecast until
I may' mention that the figures captured the greater part of Jebol are Hamma the mountain fastness
The following cables on the sub a capable single person and in this noon of to-morrow's sporting day throughout the accounts the Union Insurance Society of
Pressure is highest over the affected by exchange. The ster-which was Abdel Krim's lastject were published a month ago;
Itling rate taken at December 31, sanctuary. Canton has been fortunate in the eastern portion of the map.
London, Apríl. 24. " past, and if I may say so, in the has decreased moderately over 1925 being 2/4.8/8 as against a His owh
A sensation has been caused in present; and I hope even, to 5.W. Japan and sightly from the corresponding rate at Decem- Wariaghel, had submitted,
a.
shipping circles at Liverpool by the greater degree in the future if the Loochoos to the Philippines. It ber 31, 1924 of 2/3.3/4. This, of practically the whole Riff territory reported offer of British interests accounts, now before you are any
is nearly stationary over S. China course, means a drop in the dollar was in the hands of the French and to purchase the White Star line, in criterion. As a large single share and the Indo-China. Depressions equivalent of all sterling so far as Spanish.
which connection Baron Kylsant'a -helder and representative of a still fare shown. over Tongking, oyer this year's accounts are concern-
game is prominently mentioned, Jarger shareholder blosely related the Eastern Sea and near Amoy. ed.
to me, I feel that our interests are wury, ably looked after by the pre-. sent General Manager in the per son of Mr. Paul Lauder,
A "Further Bonus.” Whilst commending the policy of distributing only the income from investments which, I notice, as re- gards the working for the year 1924 was exceeded to the extent of some £20,000, I would urge the View that when the result of the work- ing for 1925 la better known at this time next year, the distribution to shareholders might be enlarged moderately a little further, say to the extent of further bonus of 5 per share, which would cost about £34.000 extra.
Auditors' Poultion.
I would suggest that, in future years, this information be given. in the face of the balance sheet,
As I have already stat- ed, the balance
sheet shows # very strong position and
Will nctice, Gentle men, the total assets are now over $8,450,000. .. '.
you.
The reinsurance fund and un- derwriting suspense accounts to enable shareholders to fully ap-show a satisfactory increase. preciate our fortunes after every working account is closed.
I am sure you will have noted with pleasure that the dividend Another point to my mind of and bonus this year have been in great importance is the question creased by the sum of $2 each. of auditors, one of whom is con- I now move that the directors' nected as a director of a company report and statement as presented strenuously competing with this be adopted and when this has company. I refer to Megers: been seconded. I shall be pleased Linstead and Davis, whose head, to answer any question that may Mr. Bernard Brown, is a director [be put.
the
"
tribe, the Beni and
The only two tribes intact, the Ghomara and Djebela, were. apparently unaware of Abd el Krim's collapse.
End Welcomed.
b
Wall Street'a View.
New York, April 24. Mr. J. P. Morgan and Mr. Charles Steels, members of J. P. Morgan Paris, May 27.
and Company, have both resigned France's great sigh of relief at their directorships of the Interna
tional Mercantile Marine Corpora- the surrender of Abd-el-Krim rus-tion and their action is interpreted. tles the pages of the newspapers in Wall Street as intimating that Which joyfully welcome the end of the negotiations for the purchase the Riff "venture, which, they em of the White Star line have practi- phaaise. there must be no repeti- tion. The Riff must henceforth be cally been completed. properly governed, in connection Pierpont Morgan founded this It is recalled that the late J.. with which the continuance of Franco-Spanish co-operation is corporation, which owns the con- underlined in order to exploit the trolling interest in the White Star wealth of Morocco,
It is suggested that Abd-el-Krim will not be permitted to reside in Moslem territory and may be com pelled to apologise to the Sultan of Morocco.
Bolshevist Dreams..
Le Matin describes Abd-el-Krim's
German and Bolshevist dream of
In connection with the divi- of the Hongkong Fire Insurance Mr. G. S. Archbutt seconded. dends, there is a point in the ac- Co., Ltd. Now, Gentlemen, I have No question was put and counts which no doubt is readily nothing against Mr. Brown, but mation was carried unanimously. explainable. If you will refer to it is surely not good policy that
Other Business. the working account for 1924 you our affairs should be intimatelyOther business passed by the will find the cost of the interim exposed to one of our auditors meeting comprised: dividend at the rate of 24/- at who is also actively in opposition. Re-election of Mr. J. A. Plum-aurrender as the dissipation of a $161.994: for 1925 the cost is to this company. The knowledge mer and Mr. T. G. Weall as direcFrance's rub in Marcus. It adds given in the report at $162,000 gained by Mr. Brown as an auditors proposed by Mr. A. which is certainly the correct tor may quite conceivably be Sommerfelt, seconded by Mr.For all her 1,700,000 dead France figure. I have not the Balance superior to the knowledge of the V, R. V. Ribeiro. Sheet at December 31, 1924 before directors themselves, and it is Re-election of Messrs. Lowe, me from which to ascertain the undesirable that he should have Bingham and Matthews and change in the issued capital which, this knowledge in view of his Messrs. Linstead and Davis, as na doubt, took place.
directorship in the Hongkong Fire auditors for the current year. at Insurance Co., although I feel $750 each-proposed by Mr. A. A certain that no information, ob- Alves, seconded by Mr. F. H. tained as auditor is made use of. Farne.
"Shareholders” Dark"
Without wishing to criticise the proposed adjustments as between
the Reserve Fund and the Re- I do not propose to vote against Dividend warrants are now. Insurance Fund, but only for en-Messrs. Linstead and Davis re-ready. lightment, I would ask the reason election "to-day, but will limit my- why the proposed transfer is self to the above opinion in the limited only to £78,000. May 1 certainty that the matter will be suggest that the transfer be in duly taken up by the Board.
has shown once again that she can defend herself Abd-el-Krim can rely on our clemency, but a pardon does not signify forgetfulneas. with the Belshevists and Panger We shall remember his dealings
mans,"
Good For Briand.
Paris, May 27. Tantamount to a vote of con fidence, the Chamber of Deputies by 320 votes in 209 agreed to the Government's demand for an ad-
LATE MR. HOLYOAK, journment of interpellations on the
FUNERAL AT HOME TO-DAY.
creased to £178,000 raising the
"I Have No Questions." Mr. Plummer pointed out that sterling Reserve Fund to £400,000, The Re-Insurance Fand will then Mr. Alves had only made general etand at about 22 lakhs of illusions. If there were specific pounds which should be ample questions, he would be pleased, to capital to finance, risks against answer them to the best of his A telegram has been received by that Fund: This appears to me ability. Otherwise, he would like Messrs Holyoak and Massey all the stronger when viewed from to thank Mr. Alves very much, on stating that the funeral of the the standpoint, that in whatever behalf of the general manager. late Hon. Mr. P. H. Holyoak will
Mr. Alves: I have no questions, take place to-day. manner risks may be regarded or allocated by the management, the Sir.
:
insurer will look to all the assets There being no other question, of the Society in satisfaction of the motion was put to the meeting claims. The fund is apparently and carried unanimously... (Ap- of a fipetuating nature, and plause).
whether or not it covers profits,
THREW INTO HARBOUIL
qn,
financial situation.
Undoubtedly the recovery of the frane, followed by the collapse of Abd el-Krim, has greatly streng thened M. Briand's position.'
WORLD'S COMMERCE.
KING GEORGE, ON VITAL POINTS:
[Routers Sereian)
London, May 27,
line.
The J. F. Morgan Company have resignations of Mr. J. P. Morgan ‚issued' a, statement saying that the
by the fact that their London part and Charles Steels were prompted
ner might be interested in the con- templated sale of some of the pro- perties of the International Mer cantile Marine Corporation. Cunard Steamship Campany and It is reported that both the Furness, Withy and Co., Ltd., have made bids for the White Star feet, and there is a prospect of the trans ference of the line to the Cunard Steamship Company for a price of Baron Kylaunt's Statement.. about $35,000,000...
London, April 24.
In reply to an enquiry with re- gard to the offer of the purchase of the White Star line Baron Kly cant stated that he knew nothing at all about it.
Considering the Offer: cash offer for the White Star
New York, April 23. Line received from certain British interests will be considered at a special meeting of the Directors of the
International Mercantile Marine Corporation to-day..
GUNS FOR HERE.
CHINESE SEAMAN HEAVILY
"FINEDA.
(Reuter's Sørvice:)
London, May 27
Other Business.
In addition to missing his
A Chinese seaman employed on the shareholders are now in the Sir Henry Pollock proposed and boat (the ss. "Elkridge")
the 98 Pembrokeshire" charged dark.
Prof. C. A Middleton Smith which he claimed to be employed..
at East Ham, with concealing 63 Another fund of a fluctuating seconded, the re-election of the re- 8. Anderson appeared at the His Majesty the King" granted automatic piatola, two walking nature which moves more or less tizing directora Mr à Plum police station this morning with an audience to the forty delegates sticks guns and 6,700 rounds of mysteriously unless analysed and mer and Mr. T. G. Weal-passed wet clothing and cuts over his of the International Parliament- ammunition, teld the Customs that compared with previous balance unanimously. eyes.
sary Commercial Conference. His the arms were given to him, at sheets is the Underwriting, Sus- Mr. G. Grimble: Notwithstand His complaint was that a num- Majesty recalling the 1918 Con- Antwerp by a Cantonese, pense Account to which balancering what Mr. Alves has said, I ber of men attacked him at 5 am ference, when only eight countries asked him to take them to Hor of Working Accounts are trans- have much pleasura in proposing and, that not being enough, they were represented, thought the kong, promising him 58 for ferred after the lapse of a com- the re-election of Messrs. Lowe, threw him into the harbour. He present encouraging increase in gun delivered. plete year, as with the case of the Bingham and Matthews and added that he got ashore with dicated a general desire to semist The seaman was fined £156 acounts for 1924 being considered Messrs. Linstead and Davis, as the greatest difficulty,
reparation, and the injuries the three months' imprisonment wi zo-day. Presumably claims, arís auditors, at a remuneration of
War"inflicted on the world's labour, ing out of the working for 1924 $2,000 per annum, each firm' (Mr. and prior years, will be debited to WA Hannibal seconded............. This
His Majesty picked this account and I would ke was also carried unanimously, Mr. some information as to the amount Alves and a few others abstaining debited during 1925 to the from voting/ Underwriting Suspense Account The chairman then announced for claims appertaining to 1928 that dividend warrants were allege and the years before that.
ready,
disput between
the Conferences + dy
which
from The body of a woman found U the floating in the harbour near
of Wing Lok Street wharf stonis
was brought ashore by
vitaly ese ilremen, Artificial rand doubt, brought the woman round and
HONGKONG HOTEL
ROOF GARDEN
KING'S BIRTHDAY
CELEBRATION
SPECIAL
DINNER DANCE
SATURDAY, 5th June, 1926
DINNER $4.00 per head.
DANCING 8 P.M. TO MIDNIGHT
`(FANCY OR EVENING DRESS OPTIONAL) Tables may now be reserved.
THE HONGKONG & SHANGHAI HOTELS, LTD.
Columbia News RECORDS process
Vaughan Williams' “LONDON SYMPHONY” Complete..
Sir DAN GODFREY
Conducting the
·21.
LONDON SYMPHONY ORCHESTRA
6 D/SIDED RECORDS - 12 PARTS
IN ART ALBUM.
The entire performance is vibrant with life and is a triumph for orchestra and conductor alike..
THE ANDERSON MUSIC CO., LTD.
2, QUEEN'S, BUILDINGS.
INSIST ON
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SOLE AGENTS.-
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