THE CHINA MAIL, MAY 14, 1940.
BLACK-OUT OFFENCES
Stating that he switched on a spot light for two seconds during the Black- out to avoid a possible accident when a. Chinese woman suddenly ran across his car in Hankow Road, R. J. V. Everest, Jr., of the Government Elec- trical Works, Chatham Road, was cautioned by Mr. Q. A. A. Macfadyen ut Kowloon this morning,
Pleading guilty by letter to failing to screen her car lights properly in Salisbury Road during the Exercise; Miss W. Wicket, of Pratt Building, was fired $10.
Mrs. V. C. Labrum, of Ye Olde Printers, was fined $5 for leaving "parking" lights while parked in Nathan Road that night.
on
A similar fine was imposed Frank Burrell, of Butterfield and Swire, for failing to screen all lights near the Peninsula Hotel. He said he had not intended to use the car as he was leaving for Australia with the car that day,
A STRANGE CONCOCTION
was before
Fong Ping-leung, 23, Mr. T. J. Houston this morning, charged with stealing a box contain- ing a concoction of elephants' hearts, and two rhinoceros horns, valued at $346, from No. 384, Queen's Road West.
Au Sum, 36, described as a shop ac- countant, was, charged with receiving the rhinoceros horns.
Defendant sold the horns to the sec- and defendant for $20, and Au re-sold one of them for $97.
Fong who had three previous con- victions for larceny, was sentenced to three months' hard labour. Second defendant was fined $250.
Det. Sergt. R. Mcvey conducted the prosecution.
OLD RACKET FAILS
A view from a destroyer showing a Coastal Command Sunderland flying boat keeping close look out for enemy submarines.
Fox).
ANNUAL MEETING OF CHINA
4
(Copyright,
UNDERWRITERS
and Exchange Reserve is made to make up The transfer of $80,000 to the Investment
the difference between the Market and Book Values of Stock Exchange Securities.
13
The annual meeting of China Un-frine Account. Transfers have then been derwriters, Ltd., was held at noon to-made of $60,000 to the Investment and Ex- day. The chair was taken by Mr. A.change Reserve and $125,000 to the Lito Before Mr. H. G. Sheldon, K. C., J. W. Anderson, Mohamed Nemazee,
L. Shields, who was supported by Dr. Account already referred to. this morning, Luk Kan-yuen, 27, Li Tse Fong and G. A. Pentreath, di- canvasser, was charged with obtaining [rectors; Mr. H. R. Sturt, managing di- money by means of a forged document, rectors; and Mr. E, R. Childe, secre- and possession of forged documents. tary. The chairman said:
Det.-Sergt. Bentley said that on
In the Life Assurance Department New Business Premiums Sunday, defendant went to the Kong
at $118,605 compare with New Business Ming tea house in Ewo Street and last year. Renewal Income has increased, Premiumns of $126.471
produced a bill, purporting to be and the total Premiums at. $669,784 show an issued by the "Star Evening News," increase compared with the figure of $861, for $12 for advertising fees.
417 in 1938. Death Claims at $117,899 show an increase over the figure of $87,852 last owner had already paid he detained year, but the Claim Rate is not unduly high. defendant. Six other forged bills were Claims by Maturity, which can of course found in defendant's possession.
be estimated in advance, amount to $112.- 230, as compared with $43,967 in 1938, a He was sentenced to three months'
hard labour.
As the
ABSCONDENCE ALLEGED
A foki, employed in the Tak Shing Moneychangers' Shop at No. 130, Connaught Road Central, was alleged to have absconded with $1,892, ac- cording to a report made to the Po- lice to-day by the proprietor.
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cuts,
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The Balance Sheet reflects the fall in the value of securities as at 31st December 1939. The actual depreciation was estim. ated to be $179,012. This depreciation
at the end of the year, the lower rate mainly accounted for by the low values of British and Colonial Government Securities of the depreciation in value of local Stock Ex- exchange of the Chinese Silver Dollar and change Securities. There has been a con- siderable recovery in the value of securities amounting to about $150,000 since the end of the year.
The Stock Exchange Investments have
corresponding liability having been releas been written down to cost where not al ed, Surrenders have increased from. $137.-ready below cost, and the balance of the 413 to $152,169. Expresses, excluding com- depreciation is provided for by the Invest- mission, show a decrease from $281,446 to.
ment and Exchange Reserve. of $89,697. $214,147.
The value of the Stock Exchange Invest. ments, after taking into account the In. The Life Assurance Fund increased nor vestment and Exchange Reserve, standa mally from $824,438 to $871,379, and has been further increased, as will be ex-crued interest and dividends) at 31st De this below the aggregate market value (less ac plained later, by the transfer of $350,000 cember 1939. A transfer of $225,000 Has from Profit and Loss Account and General been made from General Reserve to the Reserve, bringing the figure at the end of Life Assurance Fund. the year to $1,221,379.
In the Fire Insurance Department. Pre- mlúms at $101,623 compare with the figure of $102,859 in 1938. Claims at $45,207 are about the same as last year. Expresses, exoluding commission, have been again reduced from $20,350 to $19,331.
The Fire Insurance Fund, before making any transfer, increased from $83,148 to $107, 873.
A transfer of $20,000 has been made from this account to the credit of Profit and Loss, and the Fund is carried forward at $87,873 which is more, than adequate to cover unexpired risks.
De-
and £11.
Premiums in the Marine Insurance partment at $130,414 compare with the figuro of $122,942 in the 1938 account. Claima show an increase from $48.140 to $80,470 Expenses have been slightly reduced, the Marine Insurance Fund shows an crease, before making any transfer, $187,892 to $192,153. A sum of $90,000. credit of Profit been transferred from this account to the figure at the end of the year to $102,153
and Loss, bringing which is more than adequate to cover un expired risks.
from hos
There has been an increase in Mortgages from $100,432 to $443,127, and also an in- crease in Policy Loans,
2
The total assets stand at $3,304,661 against $2,919,987 at 31st December 1938.
Kong
Generally speaking your Directors are sa- tisfied with the trading progress of the Company which has in the past, been some. what show owing to a number of unfore seen events, particularly the Hong General Strike in 1925 just after we com- menced business, the world trade depression between 1029 and 1993 which seriously at- fected our business in the Southern agen- cles, the Sino-Japanese hostilities which closed Canton and all China to business and tional Dollar, and, lastly, the World War. resulted in the disastrous slump in the Na-
son why the Fire, Marine and Accident De At the present time there seems no rea partments, though small, should not con- tinue to be profitable unless anything ca. tastrophic happens.
re
some
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EUROPEAN GIRL BITTEN BY DOG
A European child, Mary Wheeler, of No. 277, Prince Edward Road, was
father Mr. G. Fowler, at the above bitten by a dog, owned by her grand-
address yesterday The animal waB sent to Mataukok for observation. The girl was treated privately.
As regards the Life Department the ac Miss A. M. Laxe, No.. 7, Hillwood blishment of this branch of the business, pital after she had been bitten by a tuarial lossen (after setting up full the
have been steadily decreasing for serves) representing the cost of the esta Road, was treated at Kowloon Hos-
years, and at the present time are que dog owned by Mrs. Ribeiro, of the fact. less than the profit which small, the actuarial loss this year being. In same address. made from other departments.
we have
・WEATHER REPORT
In the Accidant Premiumns at $49,301 show an increase, over Insurance Department last year's figure of 844,178. Claims at 125,504 compare with $32,538 last year. The Accident Insurance Fund stands at $20,381 compared with: $20,613, at the end of 1938.
In the Proit and Loss Account the inters est credited amounted to 187,691 as com pared with $33,626. in 1038.To this account| we have, as stated, transferred $20,000 from the Fire Account and" 890,000 from the Ma
** The report and accounts,'-seconded by Mr. N. VA. Croucher, were passed unanim ously. Mr.A. L Shields. Mr. M. Nemazee, Mr. G. A Pentreath and Dr. J. W. Ander the anticyclone has moved eastward The Royal Observatory reports that son were re-elected directors. and Lowe to south Japan, and the depression is Bingham; and Matthews and Percy Smith. Seth and Fleming were re-appointed audi- now situated in the vicinity of Hok-
kaido.
tors for the year at $1,250 each.
ן -
TATE MANI, MANGA
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