THE CHINA MAIL, FRIDAY, MARCH 27, 1936.
HONG KONG FIRE LOCAL NEWS BREVITIES CHINA PROVIDENT
INSURANCE CO. LTD.
Mr. J. A. Dean, the well-known The discovery in Sheung Shui,
2 District, New Territories, of a dog Singapore merchant, is also
the 3.3.
Satisfactory Account suffering from rabies has prompt through passenger on
ed the Urban Council to stop Hakusan Maru for Kobe. For Past Year
issuing permits for removing dogs: DIVIDEND OF $11 PER SHARE to or from Kowloon and the New
DECLARED
Territories.
Among the passengers who A satisfactory account for the rived in the Colony this morning was placed before from Singapore en route to Yoko- year 1934 shareholders of the Hong Kongama was Sir David Galloway, Kt.. Fire Insurance Co., Ltd., by the]
Physician Extraordinary to Consulting Committee at the
the
Among the passengers who dis- embarked from the ss. Hakusan Maru this morning were Mr. P. Amberti, Mr. and Mrs. L. Boalenc, and Masters A., G. and F. Bouletc.
LOAN & MORTGAGE
CO
LTD.
Encouraging Year's Work
PUBLIC QUICK TO REALISE ADVANTAGES OFFERED
EXHIBITION TENNIS TO-MORROW
Chinese Davis Cup Team In Action At H.K.C.C.
Weather permitting, # tennis exhibition by China's Davia Cup representatives will be given on the Hong Kong Cricket Club courts to-morrow commencing at Presiding at the annual meet-11.30 am when Gordon Lum and Among the prominent passen-ing of the China Provident Loan Kho Sin-kie will oppose W. C
67th annual general meeting, Sultan of Johore and a Member Sers on board the RMS. Empress and Mortgage Co., Ltd.,, which Choy and Tsui Wai-pui (Hong held this morning at the Board of the Executive and State Cour./of Canada bound for Manila is was held in the Jacobean Room, Kong) in a doubles match
He
is
travelling
was in the Chair and was sup- Hakusan Maru.
ported by Mr. C.
Bernard
Brown, Mr. L. Dunbar, Mr. Felix A. Joseph, Mr. T. E. Pearce.. Mr.
on
the
6.3.
ASSISTANCE FOR BRITISH FILMS
Government Appoints Committee
be
This match will be followed Mrs. M. C. Alshie, of Boise, Hong Kong Hotel, this morning, is an cile of Johore. Sir David Room of Messrs. Jardine.
Idaho Statesman. She is accom the Board of Directors, said kie and W. C. Choy and, if time Matheson and Co., Ltd. and a authority on Malaria and has had Idaho, who is the owner of the Mr. C. A. da Roza, chairman of a singles match between one by that although the profit for the permits, Gordon Lum may meet. dividend of $11 per share, ab- several papers published, one of
year was small, some satisfac-Tsui Wai-pui. A charge of $1
and 50 cents will sorbing $440.000, was declared.hem being "On Splenic Abscess panied by Miss Kathleen Regat.
Miss B. Blackmore and Miss S.tion was derived from that fact (Stand) The Hon. Mr. J. J. Paterson of Malarial Origin, B.M.J., 190s.”
Bostwick, of New York, who are that it was a definite improve made.
the previous year, making a trip round the world, ment over arrived in the Colony this morning when a loss of some $39,000 was by the RMS. Empress of Canada. reported.
Supporting the Chairman J. H. Taggart, and Mr. S. T. carry forward for its predecessor.
Among the prominent passen were the Hon. Mr. J. P. Braga, Williamson, (Consulting Com-also after twelve months' work-
who disem Messrs. S. M Churn, P. M gers from Shanghai mittee) and Mr. F. C. Hall (Se-ing, of $124,902.75. It would be
Mr. A. H. Compton premature for me to say anything barked from the RMS. Empress Hodgson and N. V. A. Croucher cretary). and Sir Robert Ho Tung were about the final result, but we are of Canada this morning were Mr. (directors), D. L. King (Secre hopeful this account will run off D. F. Landale and Mr. R. Masson, tary and manager) and J. Tam absentees.
leaving a balance that will allow both of Messrs. Jardine Matheson Hung (shareholder).
A committee presided over by following shareholders of the same, or perhaps an in-and Co. Ltd., who are on a busi- Addressing the meeting Mr.
da Roza said:-
Lord Moyne has been appointed were also present: Sir William creased, distribution to
ness trip to the Colony.
“Although the nett profit re- by the Board of Trade to 'con- Shenton. K. Mr. J. Fleming holders.
G. M. Sinclair. of corded for the past year is small, sider the position of British films, Professor Mr. E. M. Raymond. Mr. M. W.
Honolulu. Director of the Oriental some satisfaction is to be gained having in mind the approaching Lo, Mr. M. H. Lo. Mr. H. J.
а comparison with the expiry of the Cinematograph Armstrong and Mr. S. H. Rass.
"The surplus to be dealt with Institute. University of Hawaii, from now is $662,910.82, the balance of is also a passenger on the RMS. figures which were presented to Films Act 1927, In his speech the Chairman Account 1934, and we recommend Empress of Canada. He is mak-iyou for the year 1934, when a loss whether any and if
of some $39,000 was shown.
measured are sta required in the payment of a dividend of $11 ing a trip round the world.
"The year now under review has the public interest to promote "Gentlemen-K is with much per share absorbing $440,000; the
Mr. James Tyson, a Director of seen a further decrease in the their production and exhibition.- pleasure that
The
said:--
Chairman's Speech
$662,910 Surplus
Share
London. To-day.
and to advise 30 what
General appropriation of $100,000 in Invest- your Managers and Consulting Com- meat and Exchange Fluctuation the Dollar Steamship Lines; Inc.. volume of cargo received for stor British Wirelesss Service. mittee are able once again to Account and the balance of $122.- Ltd. of San Francisco, arrived in age — the improvement in work- place before you what they feel 910.82 to Reinsurance Fund. You the Colony this morning, accom-ling results being due to the strin must be considered a satisfac- will notice that we have eliminat panied by his wife, in the course gent economics in administration tory account for the year 1934, ed the bonus of $1 per share and of a trip round the world on the costs which were effected by your!
so that at one time included it in the figure of divi- as President Harrison.. the more
dend. during the past year, with ex-: change at over 2'6d. and every;
"It may be thought that some
The
a
Rev.
Mother.
has
ex-
LOCAL ESTATE
Retired Merchant Leaves $17,400
Local estate, valued at $17,400
granted.
Lerng
Board towards the close of 1934, the full benefit of which was ob In connection with the Cabaret tained during the year under re- Dinner Dance in the Peninsula view. prospect of its going even high-increase might have been made in Hotel to-night, a late Ferry will "The volume of business er, we had very grave misgiv-respect of this year's distribution, ings as to what sort of showing but your Board feel that it would run from Kowloon at 2.15 am. The not improved and the continuance was left by the late Mr. John Pau, fare is 20 cents per passenger. of the low level of storage rates alie Pau Chung-tai, alias Fan our figures would make when ex-be well to wait and see how things:
on charge offering, together with Shia, retired merchant, who died pressed in Hong Kong Dollars. go in 1929 our Revenue from In-
There will be no Dinner Dance severe competition, have proved at No. 25, Canal Road, on Decem- and
were faced with the cer-terest was over $530,000 and yet to-morrow at Repulse Bay Hotel to be the outstanding features of ber 5, 1934. The petition by Tong [Oi Liin, widow, for the grant of tainty that, unless a fall set in, in 1933 it fell to under four lakhs. but the usual Tea Dance will be the year's work. the dividend could not be main We do not want to recommend any held on Sunday at 4.30 p.m.
"Whereas în previous periods Probate of the Will, has been tained at its present level. It increase that cannot be maintain-
low exchanges rates, an improved
Leung Hon Yan, alias Superior is of no consolation to the hold-ed.
trading situation developed al
Chee Chuen, alias Leang Wing Ip er of a "dollar" share to know
lowing a strengthening of storage Tong, who died at No. 12, Kam "The Reserves continue in (Canossian Institute) regrets to that his dividend is worth more sound position, the only one call-announce that the play which was rates, the recent decline of
Wah Street on September 6, 1934, in sterling but that would haveling for mention being the Invest intended for next Monday at 11
left local estate SWORD under been the only comfort we should ment and Exchange Fluctuation m. will not take place at that change to the present basis bas
not yet produced the improvement $10,400. Letters of Administra- have had to offer.
Account which shows falls of hour, but at 2 pm instead.
which was confidently anticipated tion have been granted to Leung This Company, and its sister £50,950. 14. 10 and $561,038.72 re-
H.M.S. Falmouth, fying the flag in some quarters, nor are there Lishin, alias Li Lan, the widow. concern, The Canton Insurance spectively. This shrinkage Office, Ltd., are two of the few due partly to normal causes, but of His Excellency the Commander any indications of greater confi- dence amongst our merchant of the China Station, local companies which. while still more to our drastic writing in-Chief trading very largely in sterling down of all investments of which Vice-Admiral Sir Charles Little friends in the early restoration of and there are indications that ul- and sterling equivalent coun- we are in any
doubtful: will visit Canton on March 30 and conditions of trading, particular-timately a profit on the book value tries, show their figures and pay much may be considered as mere- will leave for Macao on April 2y in volume, which have been will be realised. their dividends in Hong Kong is precautionary and we are more She will return to Hong Kong on enjoyed in the past. dollars and we have had many than hopeful that, sooner or later, April 4. This trip is in the nature shrewd blows over the last 20
the bulk. if not the whole, will of a goodwill visit to the centres
mentioned. years, during which period our
come back to us. accounts have been shown at
of "I trust you will approve а exchanges varying between high of 4/10d. in 1920, and a the usual bonus of 15 per cent, on! low of 1/1d. in 1931. We are their salaries being granted hopeful, however, with our local Members of the Staff, who have currency now more or less peg-worked well during the year. ged, that we can proceed more equably and be better able to foresee what lies ahead of us.
WAY
Difficult Period
is
in lean times such as the present
unfortunately, there is no re-
highest we have had, with the come back.
#That
+
Traders Inactive
"At the last annual meeting, the Company's auditors were re- elected at a fee to be decided "Marketing difficulties and pro- the present accounts their fees upan; and you will note that in ferential treatment in the matter)
OW
The Hong Kong Benevolent Soof duties accorded to a large pro-are stated as $1,800, a reduction Their to ciety are holding a Jumble Sale portion of the imports into South of $700 on the old rate.
combined to depress action in associating themselves to-morrow at 10.30 am. at 11 Ice China have House Street (the Hong Kong traders into a state of compara- with the general, desire to econo
İtive inactivity.
mise, by agreeing to this reduc- Daily Press Building):
"Our Working Account has tion, is greatly appreciated.
Saving Outgoing Interest Pupile of Miss Lily P. Y. Lambeen substantially assisted by in- "I do not think there is any will give a concert of pianoforte proved profits from both the
"Before closing my remarks, I calls for "In reviewing the accounts,thing further that
pieces, assisted by Mr. James C. Shipping and Motor Transport De- would like to refer to the matter Business so much turns on exchange that special mention by me.
M. Su, baritone, at the Hop Yat partments, which, apart from of our Mortgage and Overdraft comparisons are of little or no is no less difficult with us than in Church on Sunday at 8-p.m.
It has been sug their contributions to our Storage indebtedness. when value though this will not be other lines of commerce;
business, have shown a satisfac-gested by certain shareholders Insured do not so in future, if our local dollar times are good
The Oxford and Cambridge So-tory development during the past that the Company should call up remains round about its present worry too much about rates, but ciety's annual dinner will be held y year. The public has been quick the balance of its issued capital: sterling value.
jon April 4, in the Gloucester to realise the advantages of deal-with a view to reducing this in- everything is cut to the bone and,Hotel, at 8 pm for 8.15. This ing with a Transport Service debtedness and ́ saving outgoing| Highest Premia Income
a complete or-interest "The premium income for the surrection in respect of insurance is the date of the Boat Race, and which maintains
it is hoped that the running comganisation of its
"In the opinion of your Board, fully year now under review, is the rates, which if once down, never mentary on the Race will be equipped and giving efficient and however, such a course is not to courteous service, offering unique be recommended at the present exception. of that for 1929 when "I now propose the following broadcast at the dinner.
facilities for packing and ship time, in view of the existing de- our sterling Was converted at Resolution:-
The Hong Kong Branch of the ment to all parts of the world, pression and also in view of the 1/14. The improvement is
the Report and AC- English Association will hold its and embracing Customs clearance fact that, even were" such capital entirely due to our sterling opera- counts, as presented, including sixth and last meeting for the and delivery at destination. called up, the resultaat benefit by tions, as income from China and the payment of a Dividend of Session 1935-36 on Tuesday, April "With regard to the balance saving in interest would be insuf- local sources shows a serious de
$11 per share, an addition of 7, in the Helena May Institute af sheet, gentlemen, the main items ficient to enable the Company to cline and one which we are un- $100,000 to Investment and Ex-5.30 p.m. Sir Thomas Southora of interest remain unchanged - pay a dividend without an fm- able to check under present con- change Fluctuation Account, who has been President for this the exception being Bank Over-provement in the general revenue ditions of trade in this part of the transfer of $122,910.82 to Session, will take the chair, and draft, which is some $27,300 low- of the Company from its ordinary the world.
the credit of Reinsurance Fund, Father Ryan S. will speak 00er than at the close of 1934. The business undertakings. and the payment to the Staf of Gilbert of the Savoy,”
"I do not think that there, are jamount involved in Loans on De- 15 per cent. upon their salaries
cember 31, last totalled $16,262, any further items in the accounts be adopted and passed."
According to a Police report, but these are of a transitory na-which call for comment, and I Sir William Shenton seconded two men of the Royal Ulster ture and have been substantially therefore propose:—— to 40.44 per cent, the percentage the resolution for the adoption of Rifles have been missing from reduced since the close of the ac "That the Report and Accounts of Profit resulting being 10.18 as the Report and accounts, which Murray Barracks since, March 20.
for the year ended December 31, compared with 14.94. While a was unanimously carried:-
They are Rifleman William "Contingency Reserve Account 1935 as presented, be adopted; profit of just over 10 per cent. is The Chairman thanked Sir Wü- Kilean, aged 22, and Rifleman has received a transfer of $2,300, and that the sum of $68,814,26 be satisfactory in these hard times, liam for seconding the motion and Thomas Nelson, also, 22, both which was provided in the first carried forward to 1986 Account.” it does not represent a huge sum said that it was probably the last Lives of Co. Antrim, Ireland. It instance for a contingency under The report and accounts were on our income and it is the pro-occasion on which Sir William is alleged they are absent without Loana Reserve which no longer seconded by Mr. J. Tam Hung and blem of increasing this last, on would perform a similar act.
exista. Sundry Debtors Accounts carried unanimously. sound lines, that is our ever ent-
amounting to about $43,000 have
Other Business stant problem.
3 S. Savi, of St. John's Hall, since been reduced to approxim The Hon. Mr. J. P. Braga, and The figure of Interest has Sir Robert Ho Tung, Mesara. C. Hong Kong University, was this ately $6,000 at this date Mr. C. A. ds Eaza were re-elected torisen from $399;571.74"to" "7477,-Bernard Brown, A. H. Compton, morning fined $20 by Mr. W
With
regard to Investment directors, on the proposed of Mr. 826.87, this being due almost en-L Dunbar, Felix A. Joseph, T. E. Schofield at the Central Magis-
Account, it will be noted that the J. Tam Hung, seconded by Mr. D. tirely to our sterling investments, Pearce, J. H. Taggart and S. T. tracy for driving car No. 225 estimated market value at De-L: King. income from local securities, hav-Williamson were re-elected to the without due care and cantion in fcember 31, 1935, of our invest- Br. C. A. da Roza proposed, and ing improved by only $21,760.32, Consulting Committee on the pro- Upper Albert Road on March 6.
ments, was $53,184, compared with Mr.. P. M. Hodgan seconded, the though, I suppose, we should be posal of Mr. J. Fleming and thankful that it has risen at all seconded by Mr. S. EL Ross tors" for the "ensuing year at book value of $129,670, but with re-election of Messrs. Linstead "The balance at credit of Work-! Messrs. Lowe, Bingham and remuneration of $1,500 each pa an improvement in quotations and Davis and Messrs. Percy ing Account for 1935 is $753-Matthews and Percy Smith, Seth the proposal of Mr. M. H. Lo and since the date of the accounts, Smith, Seth and Fleming as audi- 116.75, an improvement over the and Fleming were re-elected andi- esconded by Mr. H. J. Armstrong. this difference no longer exist, tora.
"When compared with the year 1933, Losses work out at 49.28 per cent as against 41.42 per cent. Charges fell from 43.64 per cent
Consulting Committee
leave.
counts.
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CHINA YEAR
. 1935 EDITION
BOOK
The 25 Chapters of the 17th issue of the CHINA YEAR BOOK, edited by E. G.-W: Woodhead, CBE, have as usual been revised or rewritten with the assistance of many experts; Chinese and foreign, and every effort has been made to bring information and statistics up to date.
The Chapter on the Knomintang covers the political his- tory of China in 1934. The Chapter on the Chinese Govern- ment contains the Text of the Provisional Constitution, the Organic Law, and the Draft of the Permanent Constitution.
The Chapter on International Isrues gives the text of the Agreement and Exchange of Notes of the sale of the Chinese- Eastern Railway, besides the latest documents relating to Sino-Japanese issues.
China's Communications - Railways, Roads, Post Office, Telegraphs, Wireless, Telephones and Aviation--are very fully dealt with.
Father D'Elia, in the Chapter on. Religions, contributes an interesting. Chronological Review of Catholic Missions in China
Mr. E. Kann is again responsible for the Chapter on Carncency and Banking, and the Loan Tables.
A new feature is a Chapter on China's Modern Industries
Price: $18 (Postage in China 30 cents exi
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