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THE HONG KONG DAILY PRESS, SATURDAY, MAY 26th, 1928.
INSURANCE BUSI- NESS.
UNION INSURANCE SOCIETY
OF CANTON, LTD.
BUSINESS IMPROVES IN 1987.
Mr. T. G. Waall presiding at the fifty-fifth ordinary meeting of share holders, held yesterday, said that the business was well spread and controlled "and if Trade and Under- writing conditions improved, as they showed signs of doing, the Society should be in a position to reap its full share of the resulting benefits. The marine account had not shown a favourable result for the year 1920 bat it promised better results in 1997 and the prospects were distinctly hopeful.
Our new building at Yokohama is Balanca At Credit 3981,164.44 Dearing completion and should be
In 1997. The opened in the near future..
The balance at credit of the 1997 formier building as you are perhaps account is 8961,164.44 which repre- aware was destroyed in the earth-sents a considerable improvement quake of 1023.
over the balance for the correspond. 'Death Of Mr. E, E, Finch, ing period of the previous year. It is with deep regret that I have Out of this balance your Directors to record the decease of Mr. E. H. recommend the payment of an Finch of The Borneo Co., Ltd., who interim dividend of 83 per share, was at the time of his death a mem- remainder be carried forward.
absorbing $40,000, and that the ber of the Society's London Com- mittee.
Payment Of An Interim Dividend.
Mr. Weall then formally proposed the adoption of the report and ac- counts.
one
The payment of an interim divi- dend is a departure from the usual procedure so far as this Company ia concerned. The effect to the 'shareholders is to increase the total amount now receivable by way of dividends and bonus by the sum of
per share which your Directors consider is justified both by the resuits and the strong position of the Company,
SECONDER'S SPEECH. Mr. W. A. Hannibal seconding the Proposal, said: When con- siders the difficult times through which we all have passed I think there is nothing but congratulation on the position in which we find our- selves at this fifty-fifth yearly meet-
The Directors' Report and State- out marine account for 1998 was the proposal of the Chairman (Mr. ing. Whilst w. may regret that ment of Accounts was adopted on not so favourable I understand that T. G. Weall), seconded by Mr. Supporting Mr. T. G. Weall (Chairman) were Messes. W. H.dianppointing, and although there is
underwriting generally was very Leigh GAB Bell and W. L. Pattenden, the Hon. Mr. J. Owen Hughes, Mr. C. G. S. Mackie (Directors), and Mr. Paul Lauder (General Manager).
CHAIRMAN'S SPEECH. WORKING ACCOUNT FOR 1920.
"Addressing the meeting Mr. Weall
said:-
manner.
The working account for the year 1926 after allowing for a bonus to contributors and an interim dividend of 24s, per share shows that the balance available for distribution is £190,533 17s, -id-and your Dires tors recommend that this balance be dealt with in the following "A final dividend of 10s.. per share and bonus dividend of 5s, per share on 135,000 shares be paid to shareholders, absorbing £141,750, and that the balance be carried forward to underwriting suspense account to close the account for the year 1926.
were not alone in this, but one of some satisfaction in knowing "wo many, I feel sure we had our share of what was going and we are glad to know that 1927 promised much better.
A Reminiscence.
here, I might mention that my deal If I may touch a personal note ings with the Society extend over very many years, since when as a youngster I used to visit the old office under the Royal Exchange in
connection
Other Business,
Mr. T. G. Weall and Mr. Arthur Macgowan were re-elected direc Worswick, seconded by. Mr. A. A. tors on the proposal of Mr. J. A.
Alves.
Messrs. Lowe, Bingham Mat Davis were re-elected auditors at thews and Messrs. Linstead
a remuneration of 8750 each on the
proposal of Mr. V. L. dos Remedios, seconded by Mr. M. 4. R. Souza.
. Those Present. with a settlement of Those present at the meeting some claim or other. And I can were: Messra. T. G-Wesll-(Chair only say that the courtesy and con- man), W. H. Bell, W, L. Palten- ideration shown then has been den, Hon Mr. J. Owen Hughes, carried on through subsequent years, Mr. C. G. S. Mackie (Directors), and so long as that feeling of Mr. Paul Lauder (General Man- settlements remain the policy of holders: Messrs. J. W. Alabaster, mutual confidence and amicable ager, and the following share. this Society we are bound to go. E. S. Alves, A. A. Alves. J. forward notwithstanding inevitablelentley, B. M. C. da Cunha. F. H. periods of depression.. (Applause.) Parae, W. F. Gardner. Leigh Gar-
er. E. A Lees, V. L. dos. Reme lios, V. R. V. Ribeiro, M. A, R. Sonzo, and J. A. Worswick,
Thanks Of Shareholders.
It is good to know that we are Working Account For 1977. now housed in Lloyd's premises The balance of the working ac- which is certainly being as near an count for the year 1927 stands at the spot as we can and should be £420,427 9s. 9d. and the Board reo very valuable assistance. It is commends that an interim dividend also pleasant to hear that our fire of 241. per share be paid to share-business has been transacted at a holders, absorbing £169,000, that a profit and I hope to hear next year; bonus of 20 per cent. be paid that our general business is also on to contributors, absorbing about the right side. £20,000, and the remainder be car- ried forward.
I think I am right in saying that our general manager and those as- sociated with him together with the Board of Directors have the sincere thanks of the shareholders for what has been done in the past and that we can look forward to the future of the Society with every confidence. With these few remarks I beg The underwriting conditions in to second the adoption of the re- the London market were particular-port and accounts.
The Marina Account. Reviewing now the operations for the past two years the Society has found that its marine Recount for the year 1920 has not shown a favourable result..
animously.
ly unfavourable but the "difficulties The resolution was carried un- we experienced there have been common to the majority of the Com- panies operating and indeed most Marine Companies' 1926 operations will leave diminished profits if not
actual loss.
Turning to the year 1027, I am happy to tell you that our marine account promises better results than the year 1928 at the same date, but it is, of course, difficult to make any very accurate gauge of the posi- tion as it all depends upon the settlements made during the second and subsequent years. The prus- pocts, however, are distinctly hope- ful.
OTHER BUSINESS.
Mr. T. G. Weall and Mr. Arthur Macgowan were re-elected directors en the proposal of Mr. D. V Steavenson, seconded by Mr. J. Ormiston:
Shareholders Present.
MRS. DE LEMOS RES- TORED TO HEALTH BY POO ON CHIN-
ESE HERBS.
Suffered from Complication of Disease--Several Doctors Fail to Give Relief-Poo On Chinese Herbs: Give Immediate Relief-Now Well and Strongly Recommends This Simple Treatment to Friends.
AT THE
VICTOR HUGO'S EPIC
AN IMMORTAL story produced as a
wonderful flm at a cost of mora than 12,000,000 francs!
LES MISERABLES
With
OVER 5,000 PLAYERS
France's Greatest
Film!
QUEEN'S
At 2.30
FINAL SHOWINGS TO-DAY
-Times & Prices
„$1.20, 80 ctx. 60 cts. & 40 ets. ∙AL 600 & 8.15 '............. .... $200, 31,20, 80 cts, & 50 cts.
Servicemen in uniform 60 eta to back stalls and 43 cts, to front stalls. at all performances.
1
The FRONTIERSMAN
AT THE
WORLD
Orchestra 5.15 & 9.20.
the Great flour, Western Star
TIM MCCOY
FINAL SHOWINGS TO-DAY
Internreter 280 & 7.15.
THE comical misadventures of a bashful youth
who tried to make love by a book!—"
THE BOY FRIEND
With
MARCELINE DAY, ZOHN HADRON GEORGE K. ARTHUR, GKATRUDE ASTOR
AT THE
Mrs. J. K. De Lemos, who resides at 518, Sixteenth-street, Modesto, California, U.S.A., suffered" for many years from a complication of she was suffering from heart and many diseases. Doctors told her lung trouble. After treating with several doctors she finally decided to try the Poo On Chinese Herbs. |
She says:-"I treated with several The re-election of Messrs. Lowe, doctora, but none seemed to give Bingham & Matthews and Messrs.me any permanent relief. I had Linstead & Davis as auditors gus been suffering for a long time with passed on the proposal of Mr. John catarrh of the head, indigestion, Arnold, seconded by Mr. LE N. gastritis, constipation, nervous Ryan,
headache and bronchial asthma; and also suffered severe pains in Shareholders present were my chest, my heart also giving me. Messrs. J. W. Alabaster, A. E. S. much trouble with pains and st Improvement In Fire Insurance.
Alven, John Bentley, John Arnold, times seemed to stop beating, which The results of the Society's are Frank Austin, H. Birkett, P. 8. seemed to give me fainting and business during 1927 shows marked Cassidy, N. V. A. Croucher, B. smothering spells. I could not eat improvement over the 1996 account M. C. da Cunha, L. G. 8. Dodwell, anything that would not give me and I am glad to say the business H. B. L. Dowbiggin, F. M. Ellis, distress, turning sour and forming has been transacted profitably. Leigh Garner, W. F. Gardner, W much gas. I started the Poo On General business, that is business A. Hannibal, M. D. G. Hoare, Ho Chinese Herb treatment just in ather than marine and fire, although Kom Tong, Kwok Hin Wang, E A. time to aave my life. I now con- still small is conducted over a wide Lets, Lo Chung Wan, W. R. Mana Bider myself well and am much ares and in many portions of the field, P. W. Massey, M. Manuk, am able to take care of my house- stronger and gaining every day. I territory covered it is making satis V. L. dos Remedios, H. CB. Way, hold work and can work around the MESSRS. BENJAMIN & POTTS factory progress. Unfortunately, V. R. V. Ribeiro, C. D. Wales, Ě.
REPORT.. ast year certain territories from D. Read, M. AR, Souza, Prof. Yard without the least discomfort. which we derive a large proportion C. A. Middleton Smith, D. V. This cure has been simply wonder- of our income proved unprofitable Steavenson, Sin Hoa Ting, E. Hmended the Poo On Chinese Herb ful in my case and I have recom- and the result as a whole was not Summers, J. Ormiston, FW Treatment to several of my friends satisfactory. Every effort, however, Stapleton, J. F. Wright, jar., W. J who are receiving the most excel- ia being made to effect a change Stokes, "O. F. Ribeiro, Dr. J. H.
lent results. for the better and we are hopeful Banders, JA, Worswick, L. EN. that improved results will be ob-. Ryan, B. L. Stewart, and A, H. M.. tained.
da Silva.
The Political situation,
Our business, Gentlemen, general- ly, is well spread and controlled and if trade and underwriting conditions improve the Society should be in a position to reap ita full share, of the resulting benefits. The Society has followed its usual practice and taken the whole of its investments at the market rates ruling on De cember 31st last,
As regards the political situation
"
CHINA FIRE INSURANCE co... LTD.
BIGGEST CREDIT BALANCE.
མི
POSITION.
COMPANY'S STRONG
in China it is not easy to estimate At the fifty-ninth ordinary meet the position correctly but I thinking of shareholders of the China we can safely say that the general Fire Insurance Co., Ltd, Mr. T. conditions in South China are very G. Weall (Chairman) announced slowly changing for the better that the balance at credit of the although the shadow of Civil War 1027 account was 8081,104.44 which still hangs heavily on the land, was a considerable improvement bringing with it, as indeed it must over the balance for the corre do, a continuance of depressed con- eponding period of the previous ditions in the country's trade and year. The payment of an interim total dividend increasing the industry.
amount now receivable by dividends and bonus by 82 per share' was justified by the, strong position of the Company.
Now Premises In London And
and Yokohama.
As you are aware Lloyd's Now Building in Leadenhall Street, Lan don, was opened last March and the Society's underwriting room has
If You Are Sick, Investigate And
STAR
LOCAL SHARE MARKET,
BUSINESS DULL AND PRINCES LOWER
share market, dated yesterday, In their report upon the "local Mesars. Benjamin & Potts state:
The market has remained very duk throughout the week and with ¤ few exceptions the general trend has been towards lower rates.
Hong Kong and Shanghai Banks, after having touched 81,295 zre slightly easier again with buyers
Learn The Trath. Thousands suffering from Catarrh, bronchial troubles, throat and lung trouble, cough, tuberculosis or asthma, hay fever, malaria, stomach 1,237) The London price has firmed up to £135.10.0 (Middle); trouble, indigestion, constipation, gastritis, piles, diarrhoea, fistula, Unions were dealt in at 8342), and female trouble, nervousness in more shares can be placed Under- somnia, obesity, kidney, bladder writers came to business at $2.40. trouble, Bright's Disease, diabetes, Cantons continue in request at rheumatism
neuralgia, dropsy, 8000,
FINAL SHOWINGS TO-DAY Continuous 2.80 to 11.15 p.m.
QUEEN'S
LAURA LA PLANTE
In
FINDERS KEEPERS
COMING NEXT WEEK.
CINEMA NEWS.
pyorrhea, épileptic fits, paralysis, Kowloon Wharves were negotint- dizziness, headaches and many other ed at 8131 and since at 81301, China chronic diseases, have been restored Providents are rather easier and to Health and happiness without sales have taken place down to 85. poisonous drugs or the knife by the Hong Kong and Shanghai Hotels A COMEDY ACTED AND WRIT Foo On Chinese Herbs.
THE POO ON CHINESE HERBS CO. In Foo Lux, Chinese Herbalist, Managing Director. Over Twenty five reses practical experience in America caring the sick with Chinese Herbs,
Main Office : "Modesto, California.
Hong Kong Office: 624, Queen's Road,
RMCHAIRMAN'S SPEECH.
Addressing the meeting Mr. T been removed from Union Building, G. Weall said: The working ac
"I Nos. 78-80, Cornbill, to suitable count for the year 1926 shows “A quarters in Lloyd's new premises balance of #388,120.34. Your Direc Many of the other Companies have tors recommend that a dividend of also, secured offices there. It was $0 per share and a bonus dividend felt that by taking this step the of 65 per share on 20,000 shares be Company Underwriters would be paid to shareholders, absorbing more in touch with the market. "The $280,000, and that the balance be
A. B. MOULDER & CO. Society's former underwriting rooms carried forward to underwriting
have-been-let to-a-leading. British suspense account to close-the-66- bank on satisfactory terms.
count for the year: 1928. s
dag: Central, 1st Floor,
bave advanced to: $8.90. Hum- phreys Estates have remained steady at 8141, Hong Kong Lande were booked early in the week at 844, and more can be placed at this figure site
TEN BY DENNY;
Reginald Donny's latest picture, "That's My Daddy," will be screen- ed at the Queen's Theatre to-mor TOW
Hong Kong Trams are on offer
The picture is an unnatial one, at 824. Hong Kong Electrics changed bands at 850 China being in many ways a departure Lights (Old) have receded to $11, from the subjects in which Denny Telephones have been in good de has made his fame and fortune. mand and the price has advanced Written by Denny himself, the mory, to 353, tells of the self through
hay adva
situations China Bugars are the turn higher in which he finda and were taken off the market, at having, told an untruth, in
avoiding 200/80. Dairy Farms have fur arrest for speeding, and of the ther declined and were sold down further complications which follow to 821) Watsons have buyers at when he is forced to introdues a 814.10 after transactions at this little five-year-old girl he has never Tate
seen before as his child. Barbara Ewos at. Tla, 31 and Shanghai Kent plays opposite the comedian, Cottons (Old) at Tia 501 ex the while Lillian Rich and little Jane dividued of Tim 1.80 just paid, con La Verne have important roles to
Hong pisy That's My Daddy" be placed at quotations - Kong Government 5 percent directed by Fred Newmayer, re- Loans are obtainable at 6 per bout|sponsible for many of Harold a 1 premium.
Lloyd's auccesses,
Entrance: 68, Queen's Road Central, Office Houre: Daily, 9 am to 12 pm.
1.30 p.m. to 5 pa Sundays, 10 am to 3pm. Telephone: C. 8009, Evening Bours: 8.30 pm, to 8 p.m. by appointment only Buropean Lady in ditendanes,
です
WIE