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ALHAMBRA
TO-DAY & TO-MORROW?
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for that! and she had to fam
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A Mecz Fleischer Ca
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Madeleine Carroll
E
(OHM)
(EWO
栽培:
THE CHINA MAIL, MARCH 25, 1937.
HONG KONG FIRE INSURANCE
Company Increases Dividend
MCC. PUT UP BIG TOTAL
NEW ZEALAND XI LOSE THREE FOR 108
Wellington (N.Z.), To-day. With seven wickets to fall, the New Zealand XI are 319 runs behind the M.C.C. in their first innings in the Test Match which started its second day of play here this morning.
An încrease in dividend and in- timation of excellent prospects for] the next year's account were noted at the annual meeting of share- holders to-day of the Hong Kong Fire Insurance Company, Limited. The Chairman (the Hon. Mr. JI Paterson) said:
of The result
Company's play yesterday, the last three working for the year 1935, which
present
has huglish wickets added 93 runs to you again been satisfateory the Ac-this morning, the innings closing count having run off with a credit at 427.
we
DOW
the
With their score at 334 for seven wickets at the close of
By tea the score had been taken to 108 for the loss of: three wickets.
Scores:
balance of $704,668.53, the fourth best Af lunch New Zealand had one in our history. Premiums showed a definite appreciation on 1934, this be run on the board with the open- ing due to an increase in income from ing batsmen unseparated. sterling, taken at a somewhat lower exchange, against which however had to be set off a fall in revenue from Hong Kong and China sources. This last unsatisfactory feature, which I mentioned in my speech last year, has continued to cause us "concern; trust it has now been checked but, with conditions as they are, we can-
ve
M.C.C. 427. New Zealand XI 108 for 3.
Reuter.
not look for any material improve Drizzle Or Light Rain
ment in the near future.“.
COMPARISON OF RATIOS
between
The Royal
Observatory reports.
A comparison of ratios as the year under review and its imme-that the anti-cyclone has increased diate predecessor is as follows:
very considerably in intensity pres- Losses 47.56% as against 49.38%, Charges 40.06% and 40.44%, leaving
sure being highest to the North of
a balance of 12.38% as compared with the Yangtze Valley. The depres- 10.18%.
sion is situated in the North part The rate of exchange taken for of the Sea of Japan, moving North- Account 1935 is 1/2 23 against eastward. Forecast:-N E winds, 1/35% for 1934, we are hopeful that cloudy; some drizzle or light rain. future differences may be even less and a greater measure of relativity between Accounts thus be possible.
a comparative sense, to wait and see The figure of Interest is down by what the future holds but we must be careful to keep within our depth, some $6,500 on that for 1934; premium income of a kind" is easy anticipate an early recovery, however to acquire but to operate at a profit and that for 1936 it will pass the is quite another proposition and one $480,000 mark.
that appears to become more difficult
The balance at credit of Working each year. Account 1936 is $865,835.29 an increase I now propose the following Resolu-
Cover $112,000 on that for the year tions:-"That the Report and . Ac-`
previous at the same period. I might also mention that it is nearly a lakh counts, as presented, including the better than any previous carry for payment of a Dividend of $12 per ward, after twelve months working, share, an addition of $100,000 to In- vestment and Exchange Fluctuation These are early days wherein to spect- late as to the final result of this Ac- Account, the transfer of $124,668.53 count but, granted normal conditions, the payment to the Staff of 15% upon to the credit of Reinsurance Fund, and it should be satisfactory to Share their salaries, be adopted and passed." holders.
The Hon. Mr M KLo seconded, RESERVES MAINTAINED and the report and accounts were The position of our Reserves has adopted. |been fully-maintained and all Invest-
OTHER BUSINESS ments, about which your General Man- Sir. Robert Ho Tong Messrs. C.. agers and Consulting Committee en-Bernard Brown, A. H. Compton, Felix tertain the least doubt, have been A. Joseph, T. E. Pearce, J. H. Taggart rigorously written down and there and S. T. Williamson were re-elected yet remains a balance at credit of In-to the Consulting Committee – and vestment and Exchange Fluctuation Messrs. Lowe, Bingham and Matthews Account of just under one million dol- and Messrs. Percy Smith, Seth and lars.
Fleming were re-elected anditors. I trust you will approve the usual, J. Paterson (Chairman), Messrs. C. The following attended:--Hon. Mr. grant of a bonus to Members of the Bernard Brown, A. H. Compton, Sir Staff of 15% on their salaries. They Robert Ho Tung, Messrs. Felix A have worked well during the past Joseph, T. E. Pearce, J. H.- Taggart year.
and S. T. Williamson (Consulting Com
I do not propose to say more about mittee) F. C. Hall (Secretary) and the the condition of insurance affairs than following shareholders: Mr. D. V. that it is difficult, rates continue to Steavenson, Hon. Mr. M. K. Lo, Messrs. fall and competition to be most scute. G. A. Carvalho, M. H. Lo and D. F. Your Company is well furnished," in Landale.
K. M. A.
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