SATISFACTORY YEAR REPORTED
Annual Meeting Of China Underwriters
INCREASE IN PREMIUM
Satisfactory working for the year was reported by Mr. C. A. da Roza (acting Chairman) when he presid. ed at the 12th annual general meeting of shareholders in China Underwriters, Limited, yesterday.
Mi. da Roza reported increases in premiums and re- marked that despite "violent fluctuations all over the world. the Company bad not suffered loss from deprecia- tion in securities.
BUILDING RESERVES
Mr. da Roza sald:-
N
by the Chinese
[1
*
#
30
?
Notwithstand ng the steps taken!
and
Hongkung
„Governments last year in the direction of stabilisation of ex change, we thought it advisable, in w V
INVESTMENTS
Ductual o
ac-
HONG KONG DAILY PRESS TUESDAY, MAY 26, 1936.
MANY ACCIDENTS REPORTED
Que Drowning Fatality
TWO MOTOR INCIDENTS
Y
Two trafic accidents. one in- volving a well known local barris
were reported, to the Police authorities.
ter
GUESTS STAYING AT PENINSULA HOTEL
Mr. and Mrs. Rafael R. Alunan and family, Capt. R. Alliason, Mr. and Mrs. Manuel A. Alzate and family. Major and Mrs. L L. A Alston, Mr. and Mrs. Ramon 8. Araneta and family. Mr. and Mrs T. W. Archer, Miss Archer.
Mr. C. A. Blum, Miss P. W. Brown, | Mrs, N. N. Blum, Mr. W. M. Brown, Mr. and Mrs. J. M. Bayot and family, Mr. R. W. Beall, Mrs. R. H. Bulgent, Leut.-Cal, J. C. Brewer, Col. V. R. Burkhardt, Mr. J. Brier- ley.
OBITUARY
MRS. A. N. NOEL
It is with deep regret that we have to record the death of Mrs. A. N. Noel, wife of Company Quar- ter Master Sergeant E Noel, of the Royal Ulster Rifles, who died at the Victoria Hospital on Saturday night, after a very short Ulness.
The late Mrs. Noel, who lived at the Kennedy Road Married Quar- ters, arrived in the Colony with the Regiment just about five months ago."
The deceased who had no chil-
her death, and to whom the deep- drer, leaves her husband to mourn
est sympathy is extended.
THE FUNERAL
The funeral took place at the Colonial Cemetery and the Rev. Bateman conducted the burial ser- Mrs. H. Rvices at the grave-side.
Mr. R. C. H. Lim. driving car Mrs. D. Cavender. Mr. Andre No. 2264 reports that whilst driv-Cholsat, Capt. and Mrs. E. J. ing in Queen's Road Central at 5 Courthope, Miss A. Camahort, Mr. pm. on Sunday he accidentally and Mrs. A. Corrighan, Miss M. knocked down a woman, who was Corrighan, Mr. B. K. Carpenter, rushed to the Government Civil Lieut.-Comdr. and Hospital. The woman. Wong Yau, Conway. 67 years of age, was stated to be not in a serious condition, accord- ing to information elicited from the hospital authorities,
il
A report from Kowloom states that a 14 year-old-bor. Ng So, was knocked down by bus No. 780 In Lal Chi Kok Road. The injured
BOY DROWNED
Mrs. Martha Davey, Major and Mrs. H. A. Davies, Miss P, Dimond, Capt. and Mrs. W, E,Duckworth
Mr. and Mrs. G. W. Ells, Captain ang Mrs. C. E Eccles, Mr. F. &. M. Elliott, Mr. W. F Edge.
Among the large gathering of friends and relatives, who assemb- led together at the grave-side to pay their last respects were Lt.- Cól, and Mrs. R. M. Rodwell, Major and Mrs, Morrison, Capt. and Mrs. P. F. A. Crookshank, Capt. and Mrs. Campbell, Capt. and Mrs. C. D. Hamon, Capt. and Mrs, McGavin, Q.S.M. Carryer, R.S.M. Henniker, Mr. W. C Gomersall. Mr. N. A CS.M Burden,
Q.S.M Laws Gorman, Mr T. M. Gregory, Mr.C.Q.M.S J. Wallace, S.Q.M.E. Fidoe, "and Mrs. R. Ganz, Major and Mrs. G.S.M. Harrison, Bergts. Danda, end-E. S. C. Grune. Lieut. C. H. George, Smyth and Atbridge, Messrs. Man- Mr. and Mrs: W. K. Grove, Col. Fders, G. Bond. M. A. Cairns. Ain- £ Gowan, Mr. W. T. Goodwin,
It will be seen that the exchange lad received medical attention at and investment
he Kowloon Hospital. count stands at 242.957. which includes the amount aiceady re- ferred to of $197 648 transferred from the life revenue account: ments, to keep our business in the and that the general reserve fund currencies of China and Hongkong stands at $120,000 eluding the separate from our business in transfer from proft and ass ac- cther currencies related goid coun: referred to later.
to and/or sterling. I will as pre- A word or two is called for re- People in the vicinity at once viously, refer to our Chaese and
garding the Company's
invest-rushed to the unfortunate a boy's Hongkong dollar business
ments...
assistance, and a.though rescued
silver business.
3.5
Revenue items have been con- verted to Hongkong dollars or sering at monthly rates of ex- change, and balance sheet Items at rates ruling on December 31 as previously.
The Agures have then been com-
bined at 1s. 3.5/8d. compared with
1, 84d. at December 31, 1934. ́.
In the life assurance depară- ment premiums at $606.771 show an increase of 381,040 over last year's very low figure, but 12 claim rate is stil very moderate:
д
Surrencers show some increase "as compared with last year,
large part of the apparen in- crease in the combined figure being, however, due to exchange.
EXPENSES CUT.
11
The expenses excluding com- missions are reduced in both god and stiver, being £8.876 as com- pared with £8,729 n 1834 and £11.504 n 1933. Silver expenses
at
108.945 compare with #122.803
in 1934 and #134,245 in 1933. Fur- ther reductions in expenses will be operative during the current year.
An exchange profit arises from conversion of the gold port.on of the life assurance fund at the be- ginning of the year at the new rate of exchange: bup the whole of this, amounting to" $197,848 has been carried to the exchange and investment Aucization ac- count n the balance sheet. The life assurance fund shows an in- .crease after carrying this exchange proti to reserve from 3200 596 to $336.427, which is the largest in- crease in the lie assurance fund wh.ch we have yet shown.
In the fire Insurance depart- "ment
premiums received at $106,376 show an Increase over last year due to the conversion of gold premiums. at the lower ex- change rate.
Claims paid were also higher for the same reason. but show a very reasonable clam rate.
Expenses appear slightly higher owing to exchange but have 'ac- tusily been reduced..
The reserve has increased from 866.469 to 986 478, of which in- erease $9.035 is due to exchange.
MARINE DECREASE
In the mariae insurance depart- ment prem.ums show a decrease mainly due to the falling off in
A fishing expedition which ed in a drowning fatality occurred on Sunday, when Sham Fuk Pal, a 13 year old boy, of No. 4 Smith- field, tell in to the harbour off the Prays Walt at Kennedy Town.
Miss A C. Friedrick, Mr. and Mrs. W. N. Fleming, Mrs. W. Field-Hook. Mr. B. E. Faber.
Mr. and Mrs. C. M. Hall, Mr. E. Hausamann. Mr. T. M. Hazelrigg. Mr. E. Hosle, Mrs, H. N. Hartley. Mr. E. R. Heather. Mr. and Mrs. T. G. Hands, Mr. Simon Harris, Mrs. W. H. Howard. "
Lieut.-Col. and Mrs. Crawford-
H. Joseph.
sworth and others.
FLORAL TRIBUTES Wreaths were sent by Her Sor- rowing Husband. Her Sorrowing Father and Son, Bill, and Reg and Tom.
Lt. Col. and Mrs. R. M. Rodwell,
Mortgages on property are, as the lad succumbed to the effects Jones, Mr. C. W. Johnson, Major H. Major and Mrs. Morrison, ist Bta. far as we can tell. adequately of his immersion, secured. Policy loans show a con-
MINOR ACCIDENTS siderable increase. The stock
Minor accidents were contained exchange securities have
been police reports issued yesterday valued for the most part at the Ling. Cee Ning. was rushed to the "market rates at December 31, Government Civil Hospital suffer-H. A. Lammert, Mrs. J. H. Lock,
1035. In a few cases
CoL E, "St. G. Kirke, Major and Mrs. D. H. W. Kirby, Mr. Laurence Kadeorte, Mr. and Mrs. Kennedy,
Mr. Llem Goan Kwel, Mr. and Mrs.
The Royal Ulster Rifles, Capt, and Mrs. R. F. A. Crookshank, ist Btn. The Royal Ulster Rifles, Capt. and Mrs. Campbell, Officers and Fam!- lies, "B" Coy. Capt. and Mrs. C. D. Hamon, Capt. and Mrs. McGavin,
price has been taken where this which resulted when a pane of zalez La G.
the costing from injuries to his head Mr. N. C. Lynevitche, Mrs. Gon-Q.M.8. and Mrs. Carryer, R.E
R.S.M. and Mrs. Henniker and Chil-
Q.M.S. and Mrs. Laws, C.Q.M.S. and Mrs. J. Wallace, S.Q.M.S. and Mrs.
s lower than the market price, so glass fell from" No. 333 Queen's Fl. Lt. and Mrs. A. J. R. Moss, Mr.dren, "CSM. and Mrs, Burden, hat without taking into account Road, West.
and Mrs. R. Calder Marshall, Lt. the exchange and investment fluc tuation account the securities in
Sin Yung Tal a female chita Col. H. L. Murrow. Miss P. Murrow. the aggregate fully of
che was
va ue stated.
are
1 may saf In this connection that in spite of the violent flue tuation which has taken place all over the world we have not dur-
ing the period of our operations suffered any loss from the depre- ciation of our securities whole. Ji
A
admitted
to the Kowloon, Hospital suffering
from scalds which she received when a pot of boiling water accidentally tipped over her at No. 160 Portland Street.
FERRY HITS WHARF
andard at the
Mr. and Mrs. C. W. N. McGowan. Miss Mary Manuk, Mr. H. G. Me- Meary, Mr. R. T. MacDonnell, Lt.-
Col. A C. Marsh, Miss E. Meadows, Mr. R. L. Moncrieff. Mr. John P. Murphy. Major and Mrs. H. McL Morrison, Mr. W. A. MacKinlay, Mr. D. Miller.
Mr. G, W. Naylor.
Mr. and Mrs. G. B. Ott. Mr. A. S. Peacock, Mr. J. H. Pen- nington, Mr. Richard Petri. Mr. W. G. Pirie, Mr. R. Pax, Mrs. A. Pax.
Fidoe, R.AO. Corps, and G.SM and Mrs. Harrison.
Family, Sergt. and Mrs.". Smyth,
and
Sergt. and Mrs. Danna and
Sergt.
Mrs. Atbridge and Family, Mr. and Mrs. Manders. Clements and Lindsay. Mr. Pond, Mr. M. A. Cairns, Mr. and Mrs. Ainsworth, RAS.C., Mr. and Mrs. Hole and Mr. L Chung.`
G
All Ranks of the No. 5 Platoon. All Ranks of the No. 7 Platoon, All Ranks. H.Q.W. 1st Btn. of the
The Star Ferry launch "North ern Star was caught by a strong cross-current at about 3.10 p.m. The cash current account on Sunday and the ferry was forc- sands in the accounts at rather aed to
crash headon "Into the large figure owing to the difficulty whart on the Hong Kong side. Mr. Edward Rubin, Mr. T. Ram-Royal Ulster Rifles, All Ranks, "3" of finding investments, but steps
The iron lamp
sey. Mr. and Mrs P. J. Rafferty. Coy., 1st Btn, of the Royal Ulster have been taken since to get a large part of this invested.
corner of the wharf was twisted. E. H. Reeder, Lieut. Col.. H. G.
Mr. J. F. Robinson, Capt, and Mrs. Rifles. Officers and Other Ranks. 1st Btn. of the Royal Uister Rifles. the glass being smashed. The up-Robertson. Lieut.-Col. and Mrs. L The Officers of "A" Coy., Officers. per deck of the ferry came in con- c. Reid, Mr. R. O. Reld.
1st Btri, of the Royal Ulster Rides. tact with the standard and the
And Officers, WO. and Other railings were slightly buckled. A life buoy grip was tom off and
Royal Ulster Riles. Ranks of "B" Coy., 1st Btn. of the the buoy fell to the harbour but
STAFF THANKED
The profit and loss account, which went into credit last year for the first time. receives the excesa interest not carried to other accounts. The credit balance was retrieved. carried forward is increased to $7,757 after carrying $20.000 to general reserve fund.
In conclusion I should like to place, on record our appreciation of the valued co-operation of the managing director,
One of the lower deck stanch- ions was bent and the vesse.'s bow was chipped.
About four vertical beams and a diagonal beam were dislodged and a fifth beam was loosened. the
branch
Mr. E. G. Smith. Dr. and Mrs A. Mrs. E. L. Stainfield, Mr. and Mrs. J. Skinn, Miss Rosemary Skinn.
J. A. Shaw, Major and Mrs, E. C. B. Shannon, Mr. E. Syder, Mr, and Mrs. E. N. Sanguinetti.
Mr. J. Thomson, Mrs. A. G. Trillo. | Mrs. A. C. Thomas,
Mr. and Mrs. O. Vagnone. Mr. J. Winter. Mr. W. J. Wilson. Mr. A, C. Wilcox, Mr. Wm. Wright, Mr. and Mrs. W. R. Watkins, Miss
managers, secretaries and staff, The Impact gave the passengers. Bigg Wither. and. I have now the pleasure to on board a bad shaking. propose the adoption of the report
and accounts for the year ending December 31, 1935. When that has been
seconded
4:
MAD HATTER'S TEA I shall be pleased to answer any question
PARTY wh.ch shareholders may wish 23k."
to
In seconding the proposa: Mr. W. J. Carroll said:"I am sure I am volcing the sentiments of all the shareholders when I say that we are pleased with the report just presented and that we offer congratulations to the staf
Can
Britain Can't Afford To Be The Dormouse, Says Minister
4
Band, President and Members of the Band. Club, Married Families, 1st Btn. of the Royal Ulster Rifles. N.C.Os and Men of No, 6 Platoon. "B" Cay.. 1st Btn, of the Royal Ulster Rifles, C.A.M. Sergeants Staff, N.C.Os and Men, of No. 8. Platoon, "B" Coy., 1st Btn. of the Royal Ulster Rifles, The Staff of the Detention Barracks. Married Familles," "A", "B" and "Block, Kennedy Road, N.C,O.s and Mén of No. 6 Platoon, "B" Coy, ist Btn. of the Royal Ulster Rifles. The Men of "A" Coy., Band, President and Members of the Band Club, Mar- ried Families of the East Lancs- Sergeants Mess, 1st Btn. of the zhire Regiment, Members of the
Royal Ulster Rides, A.O.D." Fore- CHINESE COMPANY
men, "D" Coy, 1st Btn. of the Training Course (Part II): All Royal Ulster Rifles, The Bugle recruits of the Chinese Company Section, H.Q.W 1st Btn. of the of Training Course will attend at Men of No. 8 Platoon. "B" Coy, 16t who have not yet passed Part II. Royal Ulster Rides, N.C.O and
H. K. POLICE RESERVES
Orders by the Hon. Mr. T. H. King, Inspector General of Police
London, May 6 Captain Euan Wallace, Secretary and all concerned. I hope that to the Department of Overseas the Chinese Company Headquarters! Bt. of the Royal. Ulster Rifles,
Trade, speaking yesterday at a lun- very soon we shall be in a post-cheon in London of the Association on Tuesday, May 26 at 17.30 hours Members of the Corporal Mess, 1st tion, to pay a dividend.”
your remarks and am are appreciated.
of British Chambers of Commerce, Mr da Roza: I thank you for said that the world. to-day bore a sure they sinister resemblance to the Mad Hatter's tea party, in which we The proposal was carried un-
could not afford to play the part of the Dormouse.
coastal trade. The Claims have animously. Beer, very light and the expenses are about the same as last year. The reserve shows An increase
NEW DIRECTORS
On the proposal of Mr. from 8121.187 to 8187,880 of which Dreyer, seconded by Mr. E. LB. 18 due to Leitao, Messrs. RA. Dastur and
Increase $12.381
They would remember that the Dormouse paid the penalty of this indifference to the events around him by having his head immersed
for instructión,
Bin of the Royal Ulster Rifles, Training Course (Part I)The Married Families, of the Royal will attend, at the Kennedy Road Regimentsi Police, 1st Btn, of the Members of the Chinese Company Ulster Rides, Kowloon and The Range on Wednesday, May 27 at Royal Ulster Rides, Murray Bar- 17.00 hours to fire the Part III. Re-rackt, volver Course under Sub-Inspector Hopkins. Only those detailed will The "TV" Lodge, The "Queen of The Ulster Ladies Hockey Team, attend.
the Fairies" Lodge, The Prince Inspection Parade:All ranks of George" Lodge, The "Sir Jame's the Chinese Company will parade Oxberry Lodge, The "Wellesley J. W. Shewan were elected direc-in the teapot.
at Central Police Station on Thurs II Lodge, The Provincial Grand Evidence was already accumulat-day, May 28 at 17.30 hours under Lodge. The Jubilee Knights Chap Mr. C H. Basto proposed and ing that enlightened public opinion Sub-Inspector R. J. Hunt for ater and others, Mr. Chan Nai-pan seconded that would regard the additional bur general inspection of equipment, Messrs. Li Tse-fong and C. A. da dens which the Chancellor of the etc.. by the Company Commander, Roza be re-elected directors. This Exchequer had imposed as a wise Dress-White Uniform, Cap with
measure of insurance against ex- White Cover, Belt with Brace, the Flying Equad will take place on general Truncheon, "Pocket Policeman" Friday. May 29, 1936. Members will Proposed by Mr. H J. M de ternal threats Turning to the balance sheet Figueiredo. seconded by Mr. Yat stability which was the best con- and note-book to be carried. The parade at Contral Police Station at
Ngok-lee, Messrs. Lowe, Bingham tribution
T:
exchange.
As regards accident business premiums are higher, at $53.037 mainly due to exchange.
Claims have been heavy but the reserve has increased from $44,047 to $53,356, this also being mainly due to exchange.
the first item which calls for com- ment is the recent call, on the Company's share in which it will
ors,
was agreed to.
vi
to that
that arry Government Equipment "Officer will make
and Matthews and Messrs. Percy could make to commercial expan-point of being present. be seen that out of $256,000- Smith, Beth and Fieming were re-ston and prosperity.
appointed auditors $1,250)
at a
fee of
A
17.15 hours. Drass: White Uniform, and Cap with White Cover. INDIAN COMPANY
EMERGENCY" UNIT RESERVE Training Course (Part 1): Meeting:All members of the Members who are detalled will at- | Emergency Unit Reserve will at- tend Indian Company, Headquar-tend No. 2 Police Station on Fri- tera on Wednesday: May 21 at 17,30 | day, May 29/nt 17.30 hours for an
for Training Course-Part L
$72,425 remained in arrear at The calls paid up December 31.
The following were present: Figueiredo H Dreyer. F. G. Bar. to the present date, amount to $250,350 leaving a small balanca Mr. C. A da Roza (chairman); ros, H. A de Figueiredo, C. E of $5,650 still outstanding, ar- Messrs. I The-fong, L. W. Shewan, Basto, E. I. R. Leitao, Chan Shut-bours rangements for the payment of RA Dastur and HR Sturt tsun, Chan Nai-pan, Wong Tat- which have for the most part (directors), E. R. Childe (secre- choy and at Ngok-lee (share-
tary), W. J. Carroll, H. J. ML de holders). been already made.
·PLYING SQUAD Instructional Patrol The In- structional patrol för members of"
important meeting:
(Bgd.) C. CHAMPKIN, DSP (R)? Hong Kong, May 25, 1936.
TENNIS
Before selecting your new racket, visit our Sport's Department. We have the largest range of Tennis Rackets in the colony.
RACKETS
FULCRUM.
WM. SYKES
SPALDING
SLAZENGER.
PROSS ER
Sport's Dept.
LANE, CRAWFORD, LTD.
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-THEN HE STARTED
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