Wm. POWELL, Ltd.
10, Ice House Street.
FOR
PYJAMAS
that will promote a Comfortable
and
Refreshing Sleep.
Made from fine quality Zephyrs in plain shades or stripes:
Cut on full free lines, with either short sleeves and Knee Length Drawers, or full Length Suits, they are ideal for the warm weather..
Prices from $5.75 per Suit.
TRY
less 10% cash discount.
INSPECTION INVITED,
"ASAHI"
THE BEST BEER ON THE MARKET
RENOWNED FOR FLAVOUR AND PURITY
1.
"ASAHI"!
IN DARK BOTTLES
"SUN" IN LIGHT BOTTLES
Obtainallah:-
Ty Shing Co.
Matsumoto & Co.
Gande, Price & Co. Lid.
Sole Agents
M.B.K., LTD.
Tel. 30272.
If only every
mocner knew
Tears cease and baby's pain is soon soothed away with a teaspoonful of Woodward's Gripe Water. Woodward's checks fermentation and ensures complete digestion. It removes the cause of discomfort in a natural way. Woodward's contains no opiates, and is safe to give babies of any age.
WOODWARDS
GRIPE WATER
KEEPS BABY
HONG KONG DAILY PRESS, WEDNESDAY, MAY 19, 1937.
CANTON INSURANCE HAVE PEACE AT COST
SATISFACTORY YEAR
OF EMPIRE
Position In London Market University Liberals'
Confused
A satisfactory account was laid before shareholders at the 56th ordinary meeting of the Canton Insurance Office Limited, 'held at the Board Room of Messrs. Jardine Matheson and Com- pany Limited yesterday. The Hon. Mr. J. J. Paterson (Chairman of the Consulting Committee) was in the chair.
Addressing the meeting, the Chairman said:-
It is very pleasing to your General Agents and Consulting Committee to be able again to lay before you such a satisfactory ac- count as that for the year 1935, which has run of with a credit balance of $1,276,101.38. Premium Income showed an increase Di $205.003.82 over that for the year 1934, while Losses were down by $4,060.49, A comparison of ratios between the two years reveals losses at 55.80 per cent for 1935 as agulist 59.48 per cent for 1934,
E
spanning the close of last year, were responsible for many more than the normal number of casualties, Individually not seri- ous but collectively very much 30, which are likely to leave their mark on underwriting accounts for 1935 and the current year in no uncertain manner.
- LONDON 'MARKET CONFUSED.
The position
on the London Market appears to be somewhat confused, though there are signs that underwriters, if given а strong lead, would welcome any
Panacea
FOR AND AGAINST. COLONIES RETURN
"
In a reference to the declining population of Western Europe, Mr. J. A. Williams (London University) presiding at the annual conference of the Union of University Liberal Societies at the National Liberal Club said it may be only a matter of time before a Russian sat on the throne of England, and there would be a Japanese Popa in Rome.
"The 'have nations must re- nounce their claims to a monopoly of material power so that all shall enjoy ownership and none shall have privileges," he said.
"When we consider how the de- velopment of transport has broken down the reasons for national sovereignity, and how the probable
Charges 29.28 per cent as against reasonable course likely to effect | decline in the population of Wes-
30.46 per cent and a balance of 14.92 per cent as against 10.08 per cent. The figure, of Interest is up by $54.441.91,
The balance at credit of work- 1936. as at Dec. 31. ing account last, stood at $2,212,091,92 an in- crease of $170.515.42 over that Tor the year 1935, at the same stage of working. It is impossible at pre- sent to make any estimate as to the final outturn but. provided no- thing untoward accurs, there is every probability of Its being some- where about the same as that for the year now under review,
REINSURANCE FUND
A study of the balance sheet shows that the total, of assets has been augmented by $1.389,434.13. as expressed in sterling the in- crease amounts to £32,224.0.64 The Reinsurance Fund is down by £4,973.19.7d, and up by $126,773.46 in Hong Kong currency, while the Investment and exchange fluctua- tlon "account shows increases of
29,060.16.5d and $583,298.89, in sterling and local currency res pectively.
an improvement in the present un- satisfactory state of affairs.
London is still very much the hub of "Marine” insurance and until Underwriters there call a halt, no material change can be looked for in other directions.
I now propose the following Re- solution:-
tern Europe will effect tremendous changes, we realise how 'footling' is the independent action of a Government, whether it be to en- sure that at all costs. a. valueless part of the world should be con- tinued to be printed a certain col- our on the map, or whether it be to misuse a country's resources in an endeavour to become self-suf-
The conference rejected a resolu- tion moved by the Cambridge Uni- versity Liberal Club "that Ger- many's former colonies should be returned to her on condition that she returns to the League, and that the colonies be subjected to the mandatory system.
"That the report and accounts, as presented, including the pay-ncient." ment of a finai dividend in res- pect of the year 1935 of $8 per share and an Interim Dividend in respect of the year 1936 of $5 per share; an addition of $200,000 to Reinsurance Fund and of $498,101 36 to Underwriting Suspense Ac- count. be adopted and passed."
Mr. H. Kom Tong seconded the adoption of the report and state ment of accounts.
OTHER BUSINESS
PLEASED BY BROKEN TREATY
Mr. Cowan (Glasgow) sald they had seen the various clauses of the Treaty of Versailles go with inward satisfaction because they were not right, If Germany had the, colonies back the last vestiges of an inqultous Treaty would go, and with it the stigma of defeat and national degradation.
It was unanimously agreed:- That Sir Robert Ho Tung, Messrs. D. E. Clark. A. H. Compton. Felix A. Joseph, T. E. Pearce, J. H. Tag- gart and S T. Willamson be re- elected to the Consulting Com- mittee on the proposal of Mr. J. D. Danby seconded by Mr. J. H. Seth; That Messrs. Lowe,, Bingham and Matthews, and Messrs. Percy Smith. Seth and Fleming, be re- elected auditors at a remuneration
Mr. L. Hercbergs (London) said: of $1,500 each, proposed by Mr. M. H. Lo, seconded by Mr. H. R."If you give back the colonies it would mean that the policy of de- manding, and of breaking treaties was the right policy.
The Funds have received, as al- ways, the mcst constant care and attention on the part of your Genéral Agents and Committee End are in as good shape as we know how to make them. Invest- ments, in addition to being written down wherever we felt it was ad-Forsyth. visable, are further reinforced by the
Investment and Exchange Fluctuation Account which at the end of last year, stood at a figure in excess of $2,800,000.
DIVIDEND OF $87.
The surplus to be dealt with 18 $1,276,101.38, out of which has been paid an Interim Dividend of $3.50 per share. We now re- commend a final payment of $3.00 per share, making in all $11.60 per share, which will absorb $580, 000; we further recommend the addition of "$200,000 to the Rein-
11
THOSE PRESENT Present at the meeting were:- The Hon. Mr. J. J. Paterson (Chalr- man), Messrs, D. E. Clark, A. H.
Compton, T. E. Pearce, J. H. Tag- gart, S, T. Williamson (Consulting Committee), H. W. Dulley (Acting Secretary), Han. Mr. M. K. Lo, Messrs. M. H. Lo, M. W. Lo. J. D. Danby. D. Hung, Ho Kom Tong, Ho Sai Cheung. Lo Cheung Ip. J. H. Seth, John Fleming, W. L McKenzie and H. R. Forsyth
surance Fund and the transfer of SPANISH PLANES
the balance, amounting to $496,-
101.38, to Underwriting Suspense Account to close 1935 and previous years. The balance of $2,212,031.92 at credit of 1938 Account allows of the
payment of an interim dividend of $5 per share for that year, leaving an amount of $1,962.
031.92 to be carried forward.
LOSE THEIR WAY
Pau, May 17.
A squadron of seventeen Spanish government aerolanes which left Santander at 5 a.m. to reconnoitre over the insurgent lines but lost
their way in the fog landed near You will notice a difference in
here at 8.30 a.m. Fifteen of the the proportions of the interim and
machines were armed with two final dividends, submitted for your machine guns each, The French approval. For many years past Air Minister has ordered them to the former has remained at $3.60 leave and they will take off, escort- per share, or the equivalent or $18ed by a French military aeroplane, on the old shares prior to sub-immediately the weather improves. división In 1935. We teel, however, --Reuter.
that it is more fitting that the Interim Dividend should represent a larger, proportion of the amount which eventually falls to be paid; with this idea in view, we now propose that the Interim on ac- count of 1936 be raised to $5 per share which, with a final dividend of 38 in respect of 1935, will give shareholders a return of $13, or $1 more than last year.
A READJUSTMENT
A total of the ment
Paris, May 17.
Germany was sincere in her de- mand, and if she got the colonies back we would lose something that was our possession only in name and get instead. real friendship with Germany.
Professor Gilbert Murray made a
plea for a higher standard of poli-
tics and of government.
"It will depend on the rather small bodies of people who can be true to the principles of Liberalism whether the world can be lifted out of the dangerous slough it is in. It is a great challenge to lift up civilisation which is in mortal danger," he said.
re-
A motion urging Great Britain to take the initiative in setting up effective machinery whereby ter- ritorial grievances could be "moved by arbitration, was adopted. The resolution also urged that Great Britain should initiate a world-free trade entente for the removal of economic inequalities.
NEW GOVERNMENT FORMED
Valencia, May 17. Senör Negrin, Socialist Minister of Finance in the last Cabinet, has succeeded in forming a new Gov- ernment. It includes Senor Jose Giral, Left Republican, as Minister of Foreign Affairs; Benor Indalecio Prieto, Minister of Nationhi De- fence. •
.:
of 10 aeroplanes The new Cabinet maintains the Red Spanish Govern- same Popular Front formation as landed in France yester- that under Senor Caballero, but day. All pilots said that they had consists of nine members instead got lost in the fog, and did not of Afteen. It includes three 80- realise that they were over French cialists and two Communists.--- soll. 15 of the 17 planes that landed Reuter.
SERIOUS CRISIS
Valencia, May 17. The Government crisis In this more serious
on an aerodrome in south France were armed with two machine- each, 12 being fighting I must impress on shareholders. uns however, that this increase in the planes of American origin, the city has become
rest pursuit planes of Spanish owing to the fact that Premier Interim dividend is merely a read,
Caballero cannot form a Govern- justment of the ratio between fa- manufacture.“).
The Police'
Chief of Pau um-ment because of Communist and terim and Final Dividends and
opposition Caballero should not be taken as any sort of ediately informed the Air Minis- Anarchist Indication that there will be a try, and the pilots were ordered returned his mandate to President turther increase in next year's dis- to take off as soon as the weather Asana yesterday night and the President has been conferring ever since with the President of the
tribution.
permitted.
I have little to say with regard The district's non-Intervention
to the position of "Marine" in-officer was also informed of the surance to-day: we, in Hong Kong, landing cannot keep in close touch with the Transocean News Bervice. current trend of affairs and it would be difficult for me to express any views of worth, considering;
WELL how quickly things change.
Sole Agents:-W/R. LOXLEY & CO. (CHINA), LTD
DIFFICULT YEAR
The past year has been a dif- ficult one and the outlook at the moment promises nothing in the way of improvement for the im- mediate future. The six months,
London, May 17.
Cortes, Barrio, former Premier Giral, Minister Prieto as well as with reprezentatives of the 80- cialist, Communist and Republi- can left wing parties. On Monday be offered the mandate to form & new Government to Foreign 'The Divine Wind has arrived in Minister del Vayo, who declined, Calcutta on its return journey, and also to the former Finance according to reports received here. Minister," Juan Negrin. The pilots have thus, covered, two Negotiations were still going this thirds of their homeward Jour- | evening with a few indications of ney-
success during the night-- Transocean News Service.
Transocear Nowos Service.
KAIPING COAL
HOME FACTORY
AND BUNKERS
FOR ALL PURPOSES
POWER
HOUSE,
TUGS &
LOCOS
THE KAILAN MINING ADMINISTRATION.
Head Office:-TIENTSIE.
DODWELL &.00.. LTD.. Agents, Hong Kong.
蜜
That's the SPIRIT
for all
FRIENDLY OCCASIONS
"Whether it be a social or business occasion, mellow, friendly old Beehive adds tone and sparkle to the conversation, helps a man to think more clearly and makes even the "pessimist admit that "it's not such a bad world after all " Keep a bottle handy-ask for it at the club.
BEEHIVE BRANDY
Sole Agents: GILMAN & CO., LTD. Gloucester Arcade.
Tel. 30986-
RADIANT LIVING
Free Public Lectures by HERBERT SUTCLIFFE D. Sc., Ph. D. of Australia.
Founder International Schools of Radiant Living TO-DAY 5.30 p.m. "PERSONAL INFERIORITY—A. CHRONIC DISISTER".
continning Thurs. & Fri. HELENA MAY INSTITUTE.
Sensitive Skins need this Comfort
Cuticura
iticura Talcum is more than a dusting powder-it is a cooling and refreshing treat- ment, besause of the special, medicated way. in which it is prepared.
It immediately cools and soothies those parts where chafing has occurred, it absorbs perspiration, relieves prickly heat and gives a feeling of well-being to the whole body, It is specially recommended by doctors for babies, invalids and for every member of the family because of its exceptional purity and its wonderfully soothing ellect,
FAND URITY
Cuticura
LAFCUM POWDER:
COMPORTS PURITIES AND BEAUTIFIES
The perfume of Cuticura Talcum is quite unique. Women say this is the reason why they first used it. Think of the fresh, sweet scent of the English countryside after rain--a fragrant, wholesome aroma-and you have an idea of it. It imparts a delightful feeling of dafatiness for hours after use:
Discover for yourself what an added joy this powder is to your daily toilet buy a tin to-day. Men also find Cuticura Talcum comforting after shaving...I takes away shine without giving a powdered look.
· Sold by all, Chemists and raveno
Cuticura
TALCUM POWDER
POT