THE CHINA MAIL, WEDNESDAY, MAY 22. 1935
CANTON INSURANCE OFFICE LTD.
$245,520 DECREASE IN TURN-OVER
BUSINESS HAMPERED BY
RISING EXCHANGE -
The rising exchange and the dif- ficulty of maintaining premium in-
attributed by come were
the Chairman as responsible for the fall in profits for the year 1934 as compared to 1933 at the annual general meeting of the Canton Insurance Office Ltd, which
'
W***
held this morning in the Board Room of Messrs. Jardine Matheson and Co. Ltd.
The Hon. Mr. J. J. Paterson, Chairman of the Consulting Com- mittee, presided. and was supported by Mr. D. E. Clark, Mr. A. H. Camp- ton, Mr. L. Dunbar, Sir Robert Ho Tung. Mr. F. A. Joseph, Mr. I. E. Pearce, Mr. J. H. Taggart, and Mr. E. C. Hall (Secreary).
Shareholders were presented by Hon. Sir William Shenton, Mr. J. H.; Seth, Mr. M. K Lo. Mr. M. W. Lo. Mr. M E-Lo. Mr. C Bernard Brown, Mr. A. B. Stewart, Mr. G. A de Carvalho, Mr. Lo Cheung Ip and Mr. Ho Shai-cheong
CHAIRMAN'S SPEECH The chairman, the Hon. Mr. J. J.¦ Paterson, in his speech said:
"The statement of accounts for
the year 1933, which we now pre
sent to you, while satisfactory, does not compare with its four immediate predecessors and I think there is little doubt but that we have enter-į ed upon a lean period and must not expect too much from the immediate! fcture. Premium income is most difficult to maintain, not that we are losing constituents, but rather that:
Mlle. Nells Veverka aged 20. daughter of the Czechoslavakian Minister, at Washington, is the Queen chosen for the Shenandoah Apple Blossom Festival, which is held annually at Winchester.
HOUSE-BOY-THIEF -CONVICTED
Peak Resident Loses
Cigarette Case
OTHER GOODS DISAPPEAR
AT SAME TIME
ho, a house-boy formerly employed Described as an artist, Ku Slu-
by Mr. Lay of No. 514, The Peak. it is difficult for them to trade un was fined $50 with the alternative der the existing chaotic conditions of six weeks hard labour by Mr. of world finance; to illustrate what W. Schofield at the Central Police I say, it is necessary to go back Court this morning for the theft exactly 20 years to find as low of a cigarette case valued at $10! Egure of nett premia as is shown from Mr. Ley. by the account now under review.
that
rate of exchange; had this not been
so, we should have been dubious as
to the wisdom of making the dis tributions we now suggest.
97 $2.60 per share.
the same
stolen
re
"ACCOUNTANT LOSES
"To-day's Short Story.
TICKET
Yaumati Ferry Incident
LIFE
By Elinor Mordamt
Remarking that defendant had A garden. It was like the the fowls drowsed in the patch of HOT haze hung over the self, and drowsed in now, much as
were Fet round
gravel and the bungalow, inanely gabled and turreted
TO-MORROW'S STORY
To-morrow's story will be. The Well' by Rearden Conner.
acted very foolishly in not letting breath of the sleeping place, loose the ticket collector know when deadening and voluptuous.
earth they had made for he left the enclosure" after he the shutters of the bungalow bushes.
All themselves beneath the hibiscus had bought his ticket. Mr. Q. Awere closed, as if it, too. A. Macfadyen, at the Central Po-sleeping-
it all brooded the lice Court this morning, dis swung a little open, and showed sterious and silent in
Only one, which had primitive soul of the place, my- charged Lo Yu, an accountant slip of white curtain fluttering grove of the mango
the deep who was charged with trying to in the garden's breath, seemed hung like a curtain round the far- trees, which levade payment of his fare on to mock at the decorous drowsy ing the Faumati ferry. 2.4
Jair of the whole place. It was stated that the defendant.
It was like an eye furtively un- when asked by the ticket collector closed to wink at the outer world if he had a ticket, nodded his head over some secret, and not over-nice. and walked on to the pier. In understanding of all that went on the enclosure a European emin rooms which lay behind closed ployee of the company asked him shutters, or in the land of dreams, for the ticket, but defendant, after at the back of the drooping eyelids. searching his pockets, said he had
To the right of the house were lost it.
ihuddled les as of the servants, all Defendant, denying the charge silent and asleep. Even the devil said that he had bought a ticket flags at the ends of the long bam- jand that the counterfoil had been boo poles did not flutter, but just like
There is no green in the world! given up. He had to return here rose and fell with a soft breath; with leaves so gloomy and thick
the green to get some money which he had while beneath the hibiscus bushes that no ray of sun can penetrate of mango trees, left behind When he reached the the fowls gathered, bunched up in them. They resemble, indeed, a ferry he thought that the ticket was their feathers, drowsily wretched tapestry of such depth that the eye in his pocket, but he could not without sufficient. find it. It had probably been lost dream as a dog would do.
can never reach to the foundation when he took out his handkerchief to wipe his face.
of their woof and warp, or follow All about the bungalow and les the
windings s lay an open space of yellow boughs. What a curtain for the of f their gnarled Defendant's wife also gave evi- gravel, splashing with poinsettias Island world, with its palm-fringed Idence that
she remembered her sprawling wide open in adoration of shores, to hang between itself and husband leaving the house, saying the blazing sun which was set high he was going to the mainland. He!
in the hard blue sky--red, blue and colours and passions; for there was
that. abomination of returned some time later to get
primary
et.
mied even to
some money he had left in a draw/Fellow, all glaringly soulless. There something wicked about the house, was no shade anywhere, no hint of with its leering ere! Then what tenderness, of young delicate growth, no single blade of grassombre boughs of those trees with a delicate sarcasm to deck the ony the poinsettias, which, as other gold and crimson fruit, as to of thought, of love. appeared the tints when Nature flowers seem the outcome of prayer, show what can be done with such is left to her
am.
outcome of desire alone.
It was a borrible place that man
own devices! had scratched out there for him monkeys-small grey people who The mango trees were. fullt of
•
drowsed through the midday heat as if they, too, were woven into the curtain's fabric. When the even- ing came, they would be all alert, volatile and loud voiced, full of their
WOMEN ROBBED IN KOWLOON TONG Three Chinese Charged on concerns and scandals regard-
With Offence
·BORROWED GOODS
TO PAWN" Young Married Woman On Theft Charges
ALLOWED BAIL OF $200
Inspector McEwan stated that Rising Exchange
"I borrowed the goods to defendant left Mr. Lay's employ-pawn" pleaded "Another factor
a 27-year-old militatesment on March 6 After he had married woman, Fung Wun, when. against us is the constantly rising gone it was discovered, that
ing the house which opened wide, two she appeared before Mr. W.
bright eyes at sunset exchange of the last three years, cigarette cases and which has had the natural effect of were missing. As defendant was Court this morning on three in Canton on Monday in connection the gravel,
a gold watch Schofield at the Central Police
They would swing themselves The three men who were arrested down from the trees, and squat on reducing sterling income as express-suspected to be the culprit, a war-charges of theft. The case was with the armed robbery at No. I mystery which had brooded in their ed in Bong Kong Dollars, and in rant "was issued against him, and adjourned to Saturday at 11.30 Cornwall Street, Kowloon Tong on weary eyes at midday quite gone all the grief and turn the balance available for ap- he was arrested on Sunday last at propriation to essential reserves and Shaukiwan, where one of the ci
Detective-Sergeant Fitches, in Wynne Jones at the Kowloon Magis-human by their descent; would chat- May 12, appeared before, Mr. E. Lvulgarised into something almost division among shareholders. That garette cases was recovered.
outlining the case, stated that we are in a position to be able to Although the other two articles
defendant previously resided. to having taken part in an armed rob-shelter of the nearest trees, shriek- tracy this morning on charges of ter and squabble, racing to the maintain the dividend and bonus at were found missing at last year's figure is due to our bav-time the police had no evidence to Wong Kam-po. at No. 30, Yue for one week
gether with the first and secondbery, and at Inspector Chester ing and grimacing, when the dogs complainants, Ho Sze-mui and Wood's request formally remanded or the servants came running from iny made provision at an early date show that defendant had and so obtained an advantageous them.
Wah Street. . When she left on
the house to drive them of. January 6 the complainants dis-
The defendants are Tam Un-fong, A voice from the verandah would Не доп
covered numerous articles to be
ja 20-year-old unemployed, Kong Ho, bellow hoarsely: "Auez, gettez, zotef commend the payment of a final missing. They suspected de- 2 31-year-old znemployed, and gallopezjaldi!”- adding, "Vitement,
which, with
fendant and informed the police. Tsang Chi, a 23-year-old gardener. fools, idiots!" if it were bonus of $1. making in all $12 per who later located her at No. 28,
They are alleged to have robbed servants that it called, or share, will absorb $600,000:
Percival Street....
three Chinese women. Chan Kit dogs, good fellows, shoo-shoot if it
the monkeys knew whom to expect.
to the dogs. So that the
re-grey people. They had once thought It was all very interesting to the
that if they could only manage to look a very little more like men, and remember always to walk on their hind legs, life might prove to as against 14.53 for $3.60 for that year.
possess new possibilities. But that "I do not think there is anything "Taming to the working account further which calls for special mez-
before the coming of "the Man" to the long-deserted bung- for 1934, after 12 months, we find tion by me and to tell the story
alow; before they realised that balance of $1,503,654.32, against that of $1749,17496 for ably have plenty of your oWD, as of our difficulties to you, who prob-
dogs, who had four legs like them- selves, and could not even talk, ate 1933, at the same date; this fall is would be merely futile. entirely due to the rise in exchange Scient to say that competition has rived at Capetown last month
It is suf-
Lee-Cpl.-W. Ostroft, of the 1st the tit-bits from the table at which The Dutch submarine KIS from 1/5% to 1/8%, the balances degenerated into
2r-Battalion, the Lincolnshire Regiment, the men of a different colour mere- in gold and silver for the two at the much reduced volume of busi-Netherlands East Indies.
a scramble for her way to Australia and the to the Police, yesterday that some at as "dogs" and the
on stationed at Shamshuipo, reportedly waited, handing dishes:, shouted "sons of counts being almost identical. It is early yet to say what ill be the being mainly due to present day in Argentina, she had made the taining £10-10 in notes, was stolen himself. Besides, there were other] ness that is offering, such reduction last port of call was Mar del Plata, his wallet, valued at $2 and con- hind legs, as did le Grand Monsieur As her time between 9.30 and 10:30 am dogs,” though they walked on their!
re-langest port-to-port, voyage
ever from his seat in the club room at things even more puzzling and con- -made by a submarine-4,400 miles, the YMCA
tradictory, upsetting all the mon- keys" preconceived ideas. There! was the Mem Sahib, for instance, or la Grande Madame, 23 the
Reduction In Losses
dividend of $7.40
a
A comparison of income. losses further recommend the addition of At her present address, it was mui, Ho Ko-ying, and Tsui Yat-were
we and charges for the years 1932 and $100,000 to reinsurance fund and stated, defendant was practising wah, of jewellery and money to 1933-after 24 months-shows that the transfer of the balance, the same method while income for the year 1933 was amounting to $294,087.63, to under goods from fellow tenants, one of value of $350 has since been
of stealing value of $581. Property to the less by $363,000 than that for 1932, writing suspense account to close whom is Li Yat-ying, the third covered. this was somewhat offset by a r 1993 and previous years. duction in
The complainant, who had a bed-mat losses by $625,000 balance of $1,502,654.32 at credit and a clothes iron stolen. charges also were down by $185,500 of 1904 Account allows of the pay- The percentage of profit for 1933 ment of an
Defendant was allowed bail of was 17.32
interim dividend $200.
of
21
1932
result at the end of the current and world-wide "national" year but, if exchange remains at strictions. anywhere about where it now is, provement is to come from it is
Where exactly it is obvious that it will be out of hard to see, but we have weather- the question for us to maintain the,ed this times before and with the dividend and bonus as at present !help of our friends shall do soj
Sound Reserves.
'again.
All the reserves are in а "I now propose the following thoroughly sound. position and Resolutions:-
adopted and passed."
Directors Re-Elected
DUTCH SUBMARINE MAKES RECORD VOYAGE
"ALLEGED THEFT AT YM.C.A. Soldier Reports Loss Of Wallet
Repulse Bay Resident Fined For Not Muzzling Dog On Beach
was
to the "Good
resics called bet legs, and she was, white, like the
She, too, walked on her hind
man; yet be treated her even worse then be did the servants. There
though the disparity in exchange. "That the report and accounts, as between Hong Kong and Shanghai presented, including the payment of a gives serious food for thought, we al dividend in respect of the year Repulse Bay, appeared before dog for a swim. The beach was Oh yes, the monkeys knew all about M. Morris, of No. 3 Bungalow, but, in spite of that, he took the was the Protector of Immigrants feel that the investment and ex- $1 per share and an interim dividend Mr. Q. A. A. Macfadyen at the crowded at the time, as it was ait. The black fellows had told
1933 of $7.40, together with a bonus off change fluctuation account, stand-in. respect of the year 1934-f $3.60 ing as it does at a very substantial per share; an addition of 100,000 to Central Police Court this morn-
holiday. amount, should be ample, to bear reinsurance fund and of $294,087.63 to ing charged with allowing his informed that the dog's licence however much he shouted.
The Sergeant was afterwards not lift his hand to his Malabars, them, and le Grand Monsieur dare any reasonable strain that may be desiting suspense account, be dog on the Repulse Bay beach was in the name of Mr. Morris. placed Epon it
The Hon. Sir William Shenten without a muzzle or lead "Much of what I said in my seconded the motion which was Easter Monday. The case had $25, His Worship told him that Mem Sahib, though, for she was his on Before finding the defendant There was no one to protect the speech at the general meeting of carried unanimously,
previously been called four times, he, as owner, was responsble for Wife. This word the monkeys the sister company-The Hons Kong Fire Insurance Co., Ltd-p
but defendant had not appeared his dog and that the excuses for scarcely understood. It was not the Sergeant Grover said that on this non-appearance in court on same as a Mate, that was very cer- plies equally here, though certain Sir Robert Ho Tang, Messrs. D. Easter Monday he was with In the four occasions when his case taim. Then, though he patted the adverse factors have further deve E. Clark, A. E. Compton, L. Dun-spector Logan at the Repulse was called previously were not dogs softly, he patted the white loped since the March 29 last. Still bar, F. A. Joseph, T. E. Pearce, Bay beach, when he saw a white satisfactory. we must hope that the present post-H Taggart and S. T. Williamson, bull terrier unauzzled
woman hard-so hard that the tion is only temporary and that were re-elected to the Board of leashed in the company of Mr. Mr. B. H Wilde, of No. 177,matter of fact, so much water ran
and - Two Other Cases
water ran out of her eyes. As a things may swing back more to our Directors on the proposal of Mr. Winfield, a friend of the defen- The Peak, and Mr G S. Smith, out of her eyes. As a matter of Hiking in the not too distant C. Bernard Brown, seconded by Mr. dant. He asked him why the of No. 12, Kennedy Road, were fact, so much water ran out of her
[M. W. Lo
dog was amazed and not on a both fined $5 by Mr. QAA eyes, and so often, that the monkeys $7.40 Final Dividend
Mesars. Lowe, Bingham and lead, and was told that the dog acfadyen at the Central Police the wisest of them declared that i "The surplus now to be dealt Matthews and Percy Smith, Seth was about to be taken into the Court, this morning for allowing was how all the colour bad with is $994,087.62, out of which and Fleming were re-elected water. The Sergeant informed their dogs abroad without a mur washed from her has been paid an interim dividend auditors for the ensuing year at a Mr. Wimeld of the regulations, zle or lead on different dates.
remuneration of $1,600 each
future.
(Continued on Page 101
P
VITORIA
alace of Luck
lace of Pleasure
aradise of Entertainment
LOCATED IN
Avenida Almeida Ribeiro
MACAU
(A Minute from the Wharf)
YOU ARE WELCOME,
Spending the least-
Theatre
Dancing Bal
Tea Roc
MAGIC BOTTES
寳
For
幸運
Enjoying the most:
【通
Swimming Exvilian
-Flower Boat
OUR BEST WISHES FOR
YOUR GOOD LUCK
COLUMBIA
POPULAR RECORDS
J2067-CARAVAN
HA-CHA-CHA
J2074-WHEN LOVE COMES ALONG
SAY WHEN
J2068-DOWN BY THE OLD CHEERY ORCHARD
IN MY OLD HAWAIIAN HOME J2076-VERA
EL PICADUROS
J2070-SMOKE GETS IN YOUR EYES
LEARNING
THE ANDERSON MUSIC CO., LTD.
Ice House Street.
Perfect-
DRYCLEANING W &PRESSING
BY
The
同
Phone: 213
JUCIC MOVES
Valetaria
METHOD STERILIZES CLEANS &
Keeps Clothes
New
DON'T
-TAKE
A
CHANCE
WITH
YOUR
WINTER
CLOTHING
USE
OUR
MOTH
PROOF
BAGS
THE STEAM LAUNDRY CO.
"The Largest Sanitary, Laundrymaeu
Head Office & Works, Mongk
60. Queen's Road Central- 27, Nathan Road 336, Nathan Rond Peak Hotel Depot
Oyees and DIY
in the Far East
29071: