Foamite Firefoam
THE MOST EFFECTIVE FIRE
EXTINGUISHER.
SOLE AGENTS FOR HONGKONG AND SOUTH `CHINA:
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.
Tel Central 298.
THE HONGKONG DAILY PRESS, MONDAY, APRIL 271, 1995
2, Queen's Buildings,
60
QUEEN'S THEATRE.
TO-DAY, aut. 5.15 p.a & 9.15 pm,
A Full 2 Hours' Performance
CARTER,
The Magician
and
His Company of Talented Entertainers
Carter's Masterpieces :
"Cutting a Live Woman in Half."
The Lion's Bride."
SEH and HEAR
Miss EVELYN MAXWELL. She is blindfolded and tells your name, your business. answers questions on Love and Marriage and reads sealed letters opened.
PRICES:-83.00, $2.00, $1.00 &"50"Cts. Reservations for $3.00 and 82.00 at the Theatre.
Tel. C. 4836.
LAST CHANCE TO
SEE
A MAGNIFICENT DRAMA OF NORRIS FAMOUS NOVEL
"BUTTERFLY"
(A' UNIVERSAL SUPER JEWEL IN EIGHT RBELS)
WITH LAURA LA PLANTE, RUTH CLIFFORD, KENNETH
HARLAN AND NORMAN KERRY.
AN INTERESTING PHOTOPLAY OF RIG, THRILLING MOMENTS
YOU MUST NOT MISS.
ALSO
JACK DEMPSEY
"SO THIS IS PARIS"
(THE FOURTH OF THE "FIGHT & WIN" SERIES).
FINAL SHOW TO-DAY," 5.15 p.m. & 9.15 p.m.
COMMENCING TOMORROW. THE WORLD'S. FOREMOST CHARACTER ACTOR
GEORGE ARLISS 15
"THE GREEN GODDESS
11
IT PLAYED TO RECORD BUSINESS FOR TWO YEARS AS, A BROADWAY STAGE PLAY. IT TUURED THE WORLD AS ONE OF THE MOST SUCCESSFUL ROAD SHOWS IN THEATRICAL HISTORY. IT HAS BEEN MADE INTO A GIGANTIO SPECTACULAR PHOTOPLAY WITH A STRONG CAST..
TO-DAY TILL WEDNESDAY, at 2.30 p.m. & 7.15 p.m. HOOT GIBSON IN
""
"THE SAWDUST TRAIL Also "FUNERAL of Dr. SUN YAT SEN," WORLD THEATRE.
HONGKONG ENGINEERING & CONSTRUCTION CO., LTD.
CONTRACTORS FOR CIVIL ENGINEERING AND BUILDING WORK OF ALL DESCRIPTIONS.
Specialists in Reinforced Concrete Foundations and Structures for Factories, Godowns, Wharves, Bridges, Piers, &c.
Sole Licensees for Hongkong and China of the Franki" Patent Compressed Concrete Piling System.
Enquiries to HEAD OFFICE:
ST. GEORGE'S BUILDING QHATER ROAD, Telephone Central 4681 (Two Tings).
PIANOS FOR SALE OR HIRE.
TIL 4648-
TSANG FOOK PIANO CO.,
No. 8, Das Verz BOAD, CENTRAL(Entrance Ice House Street,)
73
COMPANY MEETING.
CHINA UNDERWRITERS, LIMITED.
The first ordinary yourly meeting of China Underwriters. shareholders in Limited, was held on Saturday morning at the offices of Messrs. Shewan. Tomes & Co., St. George's Building, Chater Road. Mr. R. 6. Shewan presided, und there were also present: Messrs. A Cameron, C. P. Marcel, Li Tse Fong. Hot Ching Kong. C. A. da Ruza" and Tsang Foo (Consulting Committee): Mr. R. Farrant Manager and Secretary); Mr. R. F. Mattingly (olicitor to the Cam pany); and Messrs. H. H. Tayler, W. J. Carroll Fung Tat Hang. D. W. Munton. F... Crawford" and John Fleming (Shareholders);
After the Secretary bad read the notice voavening the meeting.
The ChuEMAN said: Gentleman.--The Report nad Accounts for the year ending December 5 st. 121, having been" in your hunds for one days, I will, with your pomission dispense with reading them now This is her first year of business. hat it takes more than twelve minths to organise and get into full working order. a company such as this. We have had to choose and appoint agents in various
| parts of the world. and this part of the
work is by no means Rnished yet.
With regard to Fire and Marice busi nesa, në time was lost; as we were able) to commence business very soon after the! Company was registered. Mr. Boydou Enerant, whe had been in charge of Messrs. Shewan, Tomes & Co,'s Insur auce Department, was appointed Manager nad Saaretary of the Company and the good nucleus of business formerly very transacted by that department was taken over by us smoothly and without delay. With the Life Department, however, we had to start from the very beginning wi no prericus, good-will to fall back ou Fortunately, we were able to secure at oave the seiers, as Actuary of the Company of Mr. H. IL Sturt, LA, who Assur has had a long experience in Life
Our ance Business in the Far East. Actuary arriveel in the Colony at the end of June, and by the middle of August psition to issue life policies. In view of the very short "time covered by the aevounts the new husi- ness figures, are,, in. fis opinion, very satisfactory and moreover the premium incorte in this branch the more than double since the date of the recount.
·we were
The expense of procuring Life Business falls mainly in the first year and in addi tion, in the case of new Company, the cost of establishing a Head Office, or-1 ganisation and agencies has to be borne productive. It is before they become
probable, therefore, that the expenses in this Branch will exered the revenue for at least another twelve months, and it is undkely that an actuarial profit will be shown for some few years,
ACTUARY IS. SATISFIED.
The Actuary assures us that he is quite satished with the organisation so far, anth
is of opinion that the rest of establish. ment has beer light, effective rrauze ments having been made for writing Lite Assurance Business in Hongkong and District and Agencies having been estab
Tientsia. Straits! lished Shanghai, Settlements, Ceylon and Burina- In Shanghai, where there is feld for Lite Assurance Business, the following gentlemen have agreed to form Local Advisory Board :-Messrs. A. D. Ball. C. M. G. Burnie, A. C Clear, and S. Fessenden.
#
* good
The figures for Fire and Marine busi- ness speak for themselves, and they show the position so far as we can estimate it at the date of the accounts, after hold ing back 60 per cent of the Marine pre- mium income and 40 per cent. of the Fire premian income to meet possible losges By oa risks which have not yet run out. doing this we show an estimated shortage soc far, but on the other fiant we hope
a liberal allow that $71,34.32 will
for remaining claims (if any). adce
You will observe that our Fire goi Marine expenses for the year, as com pared with our premium income, have beer, considerable, and although a large portion of the athounts appearing could be treated as organisation expenses, Te prefer to put them all against revenue. and trust you will agree to this.
A part of the expenditure we had to meet during the year under review could fairly have been spread over a period of say three years, if it had been thought advisable,
Our expense ratio will, in future, undoubtedly decrease in proper. tion with the revenue, I now have plea- aare in proposing the adoption of the Report and Accounts as presented, and after this has been seconded I shall be pleased to answer any questions.
F. M. CRAWFORD secunded, and the and accounts were carried un report
animausly,
Mr. W. J. CARHOL proposed and, Mr. FUNO TAT HANG seconded that Messrs. A. Cameron, C. P. Marcel, C. A. da Roza, Li Tse Fong, Mok Ching Kong and Tsang Foo be elected to the Consulting Com- This was mittee for the ensuing year. carried unanimously.
Mr. D. W. MUNTON proposed and Mr. TONO Hoa Tixo seconded that Messrs. Lowe, Bingham & Matthews and Percy Smith, Seth & Fleming be appointed to Bet Auditors for the Company for the ensuing year, at a remuneration to be fixed at the next ordinary yearly meet ing. This was carried unanimously.
HONGKONG'S FINANCES.! COMPARATIVE STATEMENT FOR LAST YEAR,
in the current issue of the Gaernment Gurelle is a detailed comparative state- west of revenue and expenditure for 1924, which shows that during that year the lafter exceeded the former by $2,516,788.72. The period, however, end- ed with a credit balance of $13,107.549.99. Land sales were considerably less than in the previous year, the figure for 1924 be- ing $1,900,215.86 a« ngainat $3,188,797.17 for-1923.
(Continued at foot of next Uplumn.)
A happy good nature
If everyone did a bit towards making condi- tions better for others less fortunate, there would be more happy people, sir.
I could have kept my discovery of Kensitas to myself, sir, but I wouldn't have been happy.
I simply have to tell you that Kensitas is the only cigarette to satisfy a gentleman of your discriminating taste, sir.
Kensitas
Manufacturery;
the preferred cigarette
J. WIX & SONS LTD PICCADILLY · LONDON +W. L-ENG. Wholesale only: DOHNELLY & WETTE. Dirblbators (or Hongkong sad, South China, IQUERITS BUILDINGS. Telesbose: Central SM."
Another Fine Film at
Ottainable at Lane, Crawford,. Lid.
Tabacker Fliedma, Gru
arsal all high-glass Tadacsonyta
At 95 cents
per tin of 50
THE CORONET
BABBITT
Author of
"MAIN STREET
SINCLAIR LEWIS
The High Cost of Romance
WARNER BROS
Classics of the Scree
HONGKONG SHARE MARKET.
CLOSING QUOTATIONS.
APRIL 2T, 1925. Hongkong and Shanghai
$1,230 nom. Banks Canton InsurancOS
BOT. Union Insurances ....................... Hongkong Fire Insurances Douglas Steamship
$665 Dom.
HE O. & L. Steamboats...838 b."
*B Ferries
Sugar Langkala (combined)...
Kolo Dock... Jona Wharto Whampos Shanghai Dooks Rongkow Wharres...
How Engineerings.. Hosyong Hotels Hongkong Humphreys Fatator.
Cotton Mills. Shanghai Cotime Orientaln Dementa
Hongkong Ropes Ch
Dairy
Providents (combin
Waterboats
Wronger your
Hongkong Electrica
$894.
TU 264.
8192
$120 ix Ts, 127 nom. 11. 203.b „Ta. Si noi.
3,90 b.
27 b.
21/944 Chins Lightillum
$86) nom. Hongkong Trams. $45/45) Poak Tramways.
buyers, sellers; 10—sales.
la expenditure, the total for the year was $23,728,428.44, the figure for 1921 being 821,571,504.72. Over twelve million dollars were spent on public works,
-by:
BABBITT SINCLAIR LEWIS featuring
WILLARD LOUIS
CARMEL MAYERS MARY ALDEN
Dale Fuller
Casy Fitzgerald-Raymond McKee
Directed by
BARRY BEAUMON
Scenario by Dorothy
Fernum
CAMMELL LAIRD & Co., LTD. Controlling "THE LEwa FORGE CO, KEHLAT VERRE CO., EL Birkenhead, Sheffield, Nottingham. Birmingham, Loods. Penistone and London. RAILS, SPRINGS, TYRES, AXLES, FILES.
High Speed Tool
Alloy
Mining Drill
Spring
Best Cast Tool
To specification
STEELS for special
13. PEKING BOAD, SHANGHAL
M. Y. SAN &
purposes.
CO., LTD.
MANUFACTURERS
STEN BINGER SIDE IN METAR GARI ¿SAN & 1
BEST PRESERVED
HOSE ZONG
STEM GINGER.
HEAD OFFICE: Ho..98 to 100 Queen's Road Central FACTORY: Canton Road, Kowloon.
BRänestan Ari Maalia, Singapore, Bhanghai, Canton Chia