ADVERTISEMENTS.
UNION INSURANCE SOCIETY OF CANTON, LTD. (INCORPORATED-in Howa Korë),
NOTICE TO SHAREHOLDERS.
N
M.
JOTICE: IS: HERBBY GIVEN that the FIFTY NINTE ORDINARY YEARLY MEETING. of the Society will be bald "at the READ OFFICE, Union Building Hong Kong, ou FRIDAY, 27th MAY 1932, at 11 O'clock A.M., for the purpose of receiving the Report of the Directors and the Statements of Account to Sist December, 1081, and of declaring Dividends, etc.
The TRANSFER, BOOKS of the Society will be CLOSED from 9th MAT to,27th MAT, Both Days- inclusive,
By Order of the Board,
PAUL LAUDER,:
"General Manager, Hong Kong, 80th April, 1932.
[2118
THE CHINA FIRE INSURANCE COMPANY, LTD, (INCORPORATED IN HONG KONG).
NOTICE TO SHAREHOLDERS.
No
TOTICE IS HEREBY GIVEN
that the SIXTY-THIRD ORDINARY YEARLY MEETING of the Company will be held at-its. HEAD OFFICE, Union Building, Hong Kong, on FRIDAY, 27th MAY, 1982, at 41.15 A.M, for the purpose of receiving the Report of the Directors and the Statements of Account to 31st Decembar, 1981, and ́of declaring Dividedda, eta.
**
The TRANSFER BOOKS of the Company will be CLOSED from 9th MAY to 27th MAY, Bolhage inclusive.
By Order of the Board,
PAUL LAUDER, .. General Manager. Hong Kong, 30th: April, 1982.
[2147
BRITISH TRADERS INSUR ANCE COMPANY, LTD. (INCORPORATED IN HONG KONG), NOTICE TO SHAREHOLDERS,
NOTION IS HEREBY GIVEN
wwwwwwwww.cc.com
that, too. SEXTY-SENTH ORDINARY YEARLY MEETING of the Company will be bold at its HEAD OFFICE, Union Building, Hong Kong, on FRIDAY, 27th MAY, 1992, at 11.20 A.M., for the purpose of receiving the Report of the Directors: and the Statements of Account to 31st December, 1931, and of declaring Dividenda, etc.
The TRANSFER BOOKS of the Company will be CLOSED from 9th MAY to 27th. MAY, Both Days nclusive.
By Order of the Board,
PAUL LAUDER,
General Manager.
Hong Kong, 30th April, 1982,
TO-MORROW.
AT THE
CENTRAL
(2148
AWORLD FAMOUS BRITISH COMEDY DRAMA
WILLIAM HUPTER
presents
PARK LANE
77
DENNIS NEILSON TERRY
BETTYS
STOCKFELD
MIRICTED BY ALBERT DE COURVILLE
|
ADVERTISEMENTS.
No
THE CHINA FIRE INSURANCE | COMPANY, LIMITED,
TOTICE 18 HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING OF THE CHINA FIRR INSURANCE COM- PANY, LIMITED will be held of the Registered Office of the Company; Union Building, Victoria, Hong Kong, immediately after the conclu- sion of the Annual General Meeting, which takes place on Friday, the 27th
HONG
LANDLORD SUES TENANT
ACTION TO RECOVER
PREMISES.
TENANT'S ARRANGEMENTS WITH FORMER OWNERS.
Judgment was delivered by Mr
20
INSURANCE COMPANY MEETINGS
THE CHINA
INCREASE IN ACCIDENT.
PREMIUM
dent
Death claims have bean some what heavy at 8167,400 We aro
The premiums UNDERWRITERS, however, probably averaging out
on the light clafai, inte previously Department experienced and there is some evi- increase from 249, denes that we may hope for vor after allowing for the ex lighton rate in the surrent year, 20
There appears to be a consider change adjustmast
lly the able decrease in the expenses, premiums have practically doubled excluding demmikmon, but this in The claff rates has been sath mainly us to the exchange rate factory and the reserves have in- at which the gold expenses havo tually there has been a mall de gards the amount, Le from 827,120 icon brought into account. Azaad considerably, both as crease in the gold expenses and a
to 843, 125, and, in relation to the
Decreases in the Life Amaranes and Marine Departments income and a conlíderable ingrense Accident Department income were reported at the annual general Etd, held yesterday.
CANTON INSURANCE OFFICE LTD.
HIGHLY SATISFACTORY REPORT
as the Chaton Insurance Office,
Prosiding at the annual meeting:
Ltd, hold in the Board Room of Mesare Jardine, Matheson & Co., able pleasure that your. General Ltd., yosterday, the Hon. Mr. J. J. Paterson said: It is with considur.
Agents and Consulting Committed
i feel must be viewed as a highly insatisfactory report and accounts. allowing as they do, not only of dividend and an exchange bonus the distribution of the aus of 5 bus of very substantial appro- Priations to reserve.
May, 1982, at 11.15, a.m. when the Justies Jzeks at the Summary maoting of the China Underwriters, small increase in the silver expremium income, from 34.1 per cent. are able to present to you what they
subjoined Resolution will be pro posed :----
of
That it is desirable to capitalise sum of $1,600,000 being part of the undivided profit of the Comf pany standing to the credit of the Extra Reserve Fund and for that Ригролет
(a) Should the Hong Kong Dollar
equivalent of
the Extra Reserve Fund on the 13th June, 1982 be not of the valine of $1,600,000 then there shall be transferred from the Re insuranos Fond to the Extra Reserve Fund such a um will with the amount now standing to the oredit of the Extra Reserve Fund make up the sum of $1,600,000. 1. (b) A call of $80 per shara is
hereby made on the bare holders of the Company appearing on the Register of shareholders on the 27th May, 1982 and such esl shall be payable on the 18th June, 1982 to the General Manager at the Registered Office of the Com-
pany.
(e) That for the purpose of pay
ing the aforesaid call of $80 per share a special dividend of $80 per share is hereby do otared payable on the 13th June, 1932, and that such special dividend be applied on behalf of the shareholders by the Directors in satisfaction of
the call of $80 per share... Dated this 11th day of May, 1932. By Order of the Board, PAUL LAUDER,
Q.
General Manager.
PUBLIC "AUCTION
f
.
pensos.
perienced a heavy rate of surran We have during the year ex ders and discontinuances which has been the general experience of life companies everywhere during the
year...
como. to 07.1 per cent of one year's
1
excess of requirements for outstand It will be noted that funds ing commitments in the Marine, Fire and Accident Accounts have has been transferred to Front and to make any comparison of the been kept in reserve, and nothing The vagaries of archange continue. Loas. After allocating 85,544 to Agurbs with those of former gears provide for bad and doubtful debts, almost worthless and the only true the Profit and Loss debit is reduced (estimates to be deduced are from from 889,660 to $78,007, a reduction the English qurrency figures shown
Court sterday afternoon in an action as between landlord and ten-¦ Addressing the shareholders the ant, his Lordship finding in favour Chairman Mr. R. G. Shewan) of the latter.
said: We have new the pleasure to lay before you our report and The plaintiff. William Foan, of the accounts for the year ending 10, Wong Chuk Stroos, Shamshui. December, 33, 1981, and as these have been in your handu for the po, sought in his action to recover required perind I will with your 3175,340 shown decrease as com The Life Assurance Fund of possession of his premises, 101, consent, take them as rend payed with last year's figure, but Boundary Street, Kowloon Tong, In the accounts, silver currencies this is entirely due to the different let to the defendant, Mr. V. Stri- allabean, converted to Hong Kong rate of exchange used in converting dollars gold dollars, pesos and evaky, by the former ownere, Tangguilders and other gold standard the gold portion of the fund. At Ping and Tang On. Plaintiff currencies to sterling at the current fund would have actually shown a
last year tate of exchange the of 811,558 claimed that the tenancy was a monthly rates for revenue purposes small increase. monthly one and that the defendant ber al for balance sheet purposes. and at the market rates on Decem
It has been the gonoral experience had failed to comply with a notice Rupees and Straits dollar have been
of life insurance companies all over to quit.
converted to sterling throughout at. The net premiums in the Ifarine, the world this you? to face a heavy bot the parities. For the purposes of Department show a considerable dopreciation, in securities which in Kong dollars the sterling figures is mainly due to the discontinuance showing the accounts in Hong decrease at 8109,391. This decrease arrived at an above have been con of the premiums under a Marine vorted at the rate of Hong Kong Treaty, which had proved to be | 81-1/34.
unremunerative; and, further to the conversion of gold premiums to silver at the new rate of exchange. Actusily excluding the Treaty on
one referred to, the premiums remained steady.
claimed that on verbal arrange Defendant, on the other hand, ments made when he took over the
house the tenancy was to be for one yoar with the option of renewal for a further year.
Mr. J. M. Hall appeared for the plaintiff and Mr. M. A da Silva was for the defendant.
Change of Ownership.
In his judgment Mr. Justice Jacks said that the point to be de- cided was whether the tenancy was a montely one or otherwise. Plain tif's story was that he agreed to buy the premises for his own use last January and that he informed the vendors of this fact when he wha assured that the existing ten- ancy was only a monthly one which could be
be terminated in a month [2204 and plaintiff could have ponerasion. Plaintiff promptly proceeded to give notice before completing the pur chase When the purchase, was coma pleted a few days later, another notice to the tenant was sent through a solicitor
PARTICULARS & CONDITIONS
Tang Ping and Tang On the of the Bale by Public Anation to former owners, had stated that they MAX, 1939, at 82, at the letting of the house to their agent, holl on MONDAY, the 2380 DAY left everything connected with the Office of the Public Works Department, Tang Sai On, and that they never by Order of HIS EXCELLATO! THE GOVERNOR, of One Lot of CHOWN was unfortunate, his Lordship.
saw the defendant in the matter. LAND at Tai Hang Road, in the said, that Tang Bni On was not Colony of Hong Kong, for a term of 75 available to give evidence. His years, with the option of renewal sa Lordship held that the agent was Crown Bent to be Bised by the Burveyor given wider powers as to the letting of Hu MAJESTI TER KINO, for one of the house than claimed by the farther term of 25 years.
former owners, who stated that the agent was instructed to let the house only on a monthly tenancy. Judgment for Defendant
PARTICULARS OF THE LOT.
No. of Bale.
Inland Lot
Registry No.
Adjoining Inland Lot No. 2402.
Locality.
No. 3454.
Tai Hang Bosd,
Latest
Boundary
Measure
ments,
As par
Abous
Contents in
30,000
Square feet.
Annual
Rent.
45,000* ** ** | Upses Pricel
060
(2208
BRUNSWICK
and
MELOTONE
His Lordship held that the de fendant had given his evidence in a straightforward way and that when he received the first notice ho made it quite clear on what) torns he had engaged the house... In eoncluding his finding, his Lordship said that after careful consideration he had come to the conclusion that plaintiff had not proved his case which was that the defendant was thonthly tenant and was in unlawful possess "on of the premises. Judgment would therefore bo for defendant with
costa.
POLICEMEN MOVE.
TRANSFER OF ANCHAI STATION,
Shopkeepers in the vicinity of the Wanchai Police Station gazed. with amazement yesterday morning when such things as furniture and
RECORDS boxes began their transfer from
-Obtainable-
from
THE
BRUNSWICK HOUSE
Arcade, Gloucester Blg.
What do
you want?
words $1.00 prepaid for 3 Insertions.
the building to waiting Vans Their feelings wore spinswhat. mixed with sorrow for they were losing the almost-at-hand police. protection to which they have been accustomed for many years. It was moving day for No. 9 Station to the new building in Gloucester Road, which is in a line with the old building Serosa two strpeti on the waterfront
The new building, which is of three storeys, is prominent sight to those passing on the ferries. The rear of the building, which contains an exercise ground, in walled-in on Lockhard Road, and across here is the new market building now nehr Ing completion. With its modası". arrangöments the Bulding provid ing considerable accommodation for staff, is perhaps the finest among the district Police Stations in the Colony
ELD CERTIFICATES. Of the Boolete Internationals: Piscements Bald (Local Bgenta
Mrs. Gooke & Co.
Wednesday" official Baald I
Fall in wonin tudome
The difference between the ex- change used last year 1/1 and that used on the present occasion 1/5 makes the comparison of figures difficult, but I will endeavour to indicate their significance.
Marine claims at $156,667 show With regard to the Life Assura decrease as compried with the anco business, in my remarks last previous year and although the year I described. the year 1930 as reserve appears Jess, at $102,042, 16 a difficult year. The year under actually bears a higher ratio to the reviews has been marked by finan premium income than last year: world of an unprecedented char small, is, I think, in a healthier sial depression throughout the Thie account, although still very acter. I need not elaborate this condition than it has hitherto been point, with which you are familiar, Premiums in the Fire Insurance beyond saying that Malaya, Ceylon Dutch East Indies and India (where the great majority of our been also equally affected Life business has been written) have
Investment Profita.
in the balance sheet and in which, after all, by far the greater part of the company's business is now. transacted.
Boruting of Accounts. Tako, as an instance our dividend heavily on the Companies reserves with those we now recommend many cases has involved drawing and bonus of last year as compared We have expericticed some depre Then we paid away 8600,000 at ciation in our book values, but, as 1/14" equalling 222,813-10-0, where-. the realised prolts on investments as our present recommandation to during the year nearly equalled pay $380,000, at 1/54 is equivalent this depreciation, we have been to £39,531-3-4. Agam, though the able to write down our securities balanes of 1920 working Account without seriously drawing on the after payment of the interim Exchange and Fluctuation Account, dividend, was Rs1,961. more than which shows an increase from that for 1930 at the same stage, in 183,063 to 8137,876. There has also English currency it was 216.479-13.0 on a further inercaso in the loans loss this last demonstrating very advanced on security of the
clearly that 1830 was much the more of the Com
profitable year of the two. Pay's policies.
In conclusion, I should like to
To continue the scrutiny of these
two accounts, it will be seen that as expressed in local ourrency, of premium income shows a shrinkage, no less than $1,608,343,82, but this is more than meds good by a fall in the total of losses, sharges and commissions of $1,787,198.50.
place on record our appreciation Managers, Secretaries and staff of the co-operation of the Branch and I have now, the pleasure to propose the adoption of the ne Department at 8107,023 show a counts for the year ending Decem decrease mainly due to the operaber 31, 183), and when that has tion of exchange Claims at 866,891 been seconded I shall be pleased to The loca percentage for 1080 was show & conarderable decrease as answer any questions which, hare60.48 per cent, as compared with compared with last year's figures holders may wish to ask Heavy Death Olefins.
of 8114,380 The reserve, therefore,
63al per cent. for 1020 and that for- shows an increase not only in
cent as against 24.07 per cant. commission, and charges 20.45 per The life premium income has amount, but more particularly by degreased from 8835,480 to 8096,000 comparison with the premium in Mesara C. Ada Rorn and Mok which is to a large extent due to come. In view of the fact that last! Ching Kong were re-elected Direo- the conversion of gold figures to year we had to transfer $16,223 tors. A motion for the re-election dollars at the new exchange from the Profit and Loss Account of Messrs. Lowe, Bingham & Mat Actually there has been a fall of to, mães up the premium reserve. I thows and Messrs. Percy Smith, about £8,000 in gold.income and an the results this year show a marked Seta and Fleming as Auditors for increase of 839,000 silver income. improvement
the ensuing year was carried,
Mr. H. Tigueiredo seconded and the report and accounts were, un animously adopted.
米
Future Prospects, Turning to the Working Account for 1831, after twelve months, wo- find a balance of 81,804,714.11. ns against that for 1860, at the same (Continued on Pape 12.)
EMPIRE PRODUCTS
PRODUCTS FAIR
To Be Held at the
PENINSULA HOTEL
KOWLOON
MAY 23rd AND 24th
To be Opened by His Excellency the Officer Administering the Governmen
(Hon. Mr. W. T. Southorn, C.M.G,)
AT 3.30 PM. MONDAY 23rd MAY.
PRODUCE AND PRODUCTS FROM THE EMPIRE.
SPECIAL DISPLAYS FROM HONG KONG AND THE NEW TERRITORIES.
EMPIRE MUSIC.
CONTINUOUS CINEMA PERFORMANCE DEPICTING CANADIAN SCENES
MANY NOVEL FEATURES
OPEN ALL DAY ON EMPIRE DAY 24th MAY.
ADMISSION FREE.