Pare 16
GoEMPRESS to limerica. Europe
Hong Kong
•·Leave
Japan Apr. 1 Apt. 3
Arrive Leave
Leave
Apr. 15 Apr 17 Apr. 19 Ganada Apr. 29 May 1
Leave
Apt. 6 Apr. 8. Apr. 14 Apr. 21 Apr. 23 May 4 May 6 May 13
Honolulu
Leave
Apr. 19 May 2 May 18
17 Days HONG KONG to VANCOUVER By DIRECT EXPRESS ROUTE FROM YOKOHAMA 18 DAYS VIA HONOLULU, PARADISE OF THE PACIFIC
Air-conditioned equipment on C.P.R. Trans-Continental Trams. Frequent Canadian Pacific Atlantic sailings to European ports.
TO MANILA
Empress of Asia on Thursday, April 7th.
Canadian Pacific
Union Building
Lloyd
SPANS THE WORLD
Priestina
Telephone 20752
FORTNIGHTLY EXPRES
SERVICES
INDIA
ITALY
FAR EAST Hong Kong. London 23 day Hong Kong
Italy 21 days
SCHEDULE OF SAILING FROM HONG KONG.
TO SINGAPORE, COLOMBO, BOMBAY, EGYPT & ITALY
TO SHANGHAI
“Conte Bous.
Conta Rosa
M.Y. “Victoria”
sz. “Conta Verde”
17th Apr
8th May
Conte Rosso
Verde":
LLOYD TRIESTINO
P.O. Box 143. Tel. Addr. "Lloydiano"-Telephone
THE CHINA MAT
H. K. FIRE INSURANCE
COMPANY'S STALE IN SHANGHAI
A
But
moderately satisfactory ght last ye that our Investments year, heavy sterling losses being in Shanghai, some of which we have the canse of the less prosperous to be giving as cause for
held for many years past, showing than in 1937, was the we know to-day, it was chairman's description of the parent, that the proper
ar 1938 at the annual ordinary us has surviv meeting of the Hong Kong Firee and that Insurance Company held this the same shape morning in the Board Room of I trust you Company
The Hon. Mr. J. J. Paterson have worked we said-
Living
with which we
grant of
of 15% on
The outturn of the Company's oper thre ations for the year 1936 can only be what to say described as moderately satisfactory.
Your when compared with its immediate well selected predecessor, the reason for the less not done as prosperous showing being the heavy two years Sterling Losses that we suffered dar- conditions ing that period. Premium shows and there is mo increase over that for 1935 of just on continue on $90,000, but Losses are up by $155, prosperity. As 000. The result of our working in must necessarily Local Currency, from Hong Kong and income by reaso China sources, was almost identical North, for much with that of the previous year, the Shanghai and North difference against 1936 being one of been destroyed. $1,500.
Mr. M. H. Turner- ports and accomm OTHER
LOSSES HIGHER:
now
cted
In making the customary compari- son of ratios between the year under · Sir Robert Ho Tun review and 1935 we find Losses at Bernard Brown, A. H. Compton, 5327 as against 47.56% Charges at A. Joseph, TE Pearce 39.34% as against 40.06%, leaving a and S. T. Williamson were re-e balance of 739%%% as compared with to the Consulting Commitee on the 12.38%.
motion of Mr. E. M. Raymond, second- Interest is $483,215 as against $47,-ed by Mr. John Fleming, while Messrs. 257, a. satisfactory increase when the Lowe, Bingham's and Matthews and many conversions that have been made Messrs. Percy Smith, Seth and Flem in respect of gilt-edged securities are ing were re elected auditors on the posal of Me M Lo, seconded by
The Hom
taken into account
The balance of $716,512.54 at credit. J. Fullerton of Working Account for 1937 is also a The following disappointment, revealing as it does. Mr. J. J. Paterson
Bernard Bro
fall of close on $150,000 when com- pared with that for the year 1936 at E Pearce, the same date. Here again we have hamson (Co had to face heavy Sterling Losses and F. C. Hall
Ifollowing Local Currency Claims rose" by neatly $70,000, the major part of this, sum be K. Lo, Jess ing due to the Typhoon of the 1st/2nd Ing. A. R. F. September last year. It is early yet Raymond, J. H to talk about this Account but we are strong and Hampden hopeful that the ultimate result will
not be unsatisfactory; after all, to pay
Losses is our raison
and the
M
lem-
measure of our success depends on the LORD ST. DAVIDS
severity of these.
DIVIDEND OF $12
The surplus to be dealt with at this Meeting is $829,189.48, the balance of Account for 1936, and we recommend the payment of $12 per share, absorb- ing $480,000 and the transfer of the balance of $149,139.43 to Bein Fund
ace
The position of our EesEIVES - IE- Imains much as it was last year except for the Investment and Exchange Fluctuation Account which is reduced [by some £17,700 owing to the writing down of Sterling and Hong Kong Gur- rency Investments to the values ruling on the 31st December fest.
You will have read the note that ap- pears in the Report with reference ti the Company's Investments in Shang- hai and which not only has the appro- vel but was suggested by our Auditors.
As these-Investme
nsidered that.
confined to first, class debentures and mortgages, the whole ing within the 27th May interest to the
been received, it Loch June in the circumstant
tations being avail we have adopted able one. The pos ly diffenlt and the futur
NO EAST,
G. FALCONER & CO (HONG KONG LTD.) WATCHMAKERS & JEWELLERS, DIAMOND MERCHANTS
UNION BUILDING (opposite GP.O.)
ents for: ADMIRALTY CHARTS.
NOCULARS”
The investme
times. – Wi
IMGA
ONE
RINER
200H 200 UM20)
INI KMO
K BOZ Z MON U
thod
PASSES
London, To-day.
The death has occurred Lord St. Davids, brother - of Lord Kylsant, at the age of 78
Lord St. Davids was called to the Bar in 1886. He was MP for Mid-Lanarkshire (1888-94) and for Pembrokeshire (1898- 1908). From 1930 to 1992 he was Chairman of the Unemployment Grants Committer
Lord St Davids heir. Hon Jestyn Philipps
ye
DR. SCHACHT VISITING
BELGIUM
Brussels, To-day.
“It is semi-oficially learned that
No easy. the
Ittle
LUTION
M MUN
O
MND
NO MES DOD OF
DIMDA
ONIO DE
HEIMERDE MOXNA)
GIGA UMBUA DE
FUELUGOG |
retur Berlin
chsbank
Schach Brussels
he visit
gian National Bank,
LOCAL DOLLAR
demark rat on
Satur
9716.