Page
HONGKONG DAILY PRESS
Insurance Premiums Increases Reported By China Underwriters
Increases in Life, Accident, Marine and Fire insurance premiumus, were reported by the Chairman, Hon. Mr. A. L. Shields, at the annual meeting of China Underwriters, Ltd.. held yesterday:
Death claims have increased by $36,781 but surrenders have decreased by over $20,000. Fire claims were up by $22,000," while Marine claims were lower by over $14,000, There were also fewer Accident claims.
Hon. Mr. A. L. Shields was in the Chair, and other Directors present were Dr. J. W. Anderson. Hon. Mr. Li Tse-fong, Mr. Mo- hamed Nemasee, Mr. G. A Pentreath, Mr. H. R. Sturt (Managing Director), and Mr. E. R. "Childe (Secretary).
Shareholders present were the year was. $186.615 showing Messrs. I W. Shewan, J. Dick, profit during the year in these ac. Wong Sum-yee, H. Dreyer, Wong counts of $1 14,827, The whole of Ngoi-tong, H. J. M. de Figueiredo, the increases in the funds of these Wong Tat-choy and Loseby departments have, however, been representing the Estate of the left in reserve as the incidence of late Mr. J. P, Ulderup),
claims, particularly. 23 regards risks in the Marine account, can- In the course of his speech, the not be satisfactorily dealt with on Chairman sald:--
a year to year basis
CHAIRMAN'S REPORT
In the Life Assurance Depart-
The General Reserve fund which
ntent new business premiums at stood at $25,000 has been brought $127,055 show an increase over up to $100,000 by the transfer of the corresponding. Agure bf. $118,- $75,000 from Profit and Loss. 605 i 1939.
Renewal premiums at $588,533 also show an increase over last ycar's figure of 3551,179,
OTHER BUSINESS
The Report' and Statement of Accounts were unanimously adopt ed on the proposal of the Chair The total premium income has man and seconded by Mr. H. J. M. increased from $669,785 to $715.de Figueiredo, 638.
Mr. J. Dick proposed, and Mr. Death claims have increased Wong Sum yee seconded, that Hon from $117,899 to $154,880-
Mr. Li Tse-fong and Mr. G. A. Claims maturing were $144,200 Pentreath be re-elected Directors compared with 8112 236 last year. for the current year. Surrenders have decreased satis-
Messrs. Lowe. Bingham and factorily from 5152:160 to $132.137. Matthews, and Messrs.. Percy Expenses excluding commission Smith, Seth and Fleming were re are about the same as last year appointed Auditors on the proposal and the fe Assurance Fund of Mr. H. Dreyer, seconded by Mr. shows an increase from $1,221,379 Wong Ngol-tong. to $1,283,000,
In the Fire Insurance Depart- ment
premiums have increased TWO WEDDINGS
from $101,624 to $123,912 excluding an amount of $25,132 representing. the premium received for unex- pired risks under a increased proportion of a Treaty Account.
AT REGISTRY
ALLEGED UTTERANCE BY ACCUSED
Murder Hearing At Central
"Kong Wong was very unfair to me. He drove me to such extremity
GENERAL
Govt. House Collapse Started
The expected has happened! GOVERNMENT HOUSE has begun to fall down. ·
True, what only two columns and two pillars did collapse were
and a crossplece over the steps
tunnelling scheme.
that I had not even space to walk, It he dies,the most I can do is to leading from the balcony onto the garden. But they might well be pay with my life,"
These words were alleged to have only the first caused by the A.MP. been uttered by CHAN MUK, allas Tai Lak Muk, 44, wood sawer, According to Capt. 8. H. Batty- charged before Major A. N. Mac-Smith, ADC.. the first warning of fadyen at the Central Magistracy impending disaster was given at yesterday with the murder of Kong 8.15 pm when the plaster on one at the Tung Yee Hing boat build of the columns began to fr of ing yard, Ah Kung Ngam, Shauki-This was immediately followed by wan, on Apr. 25. to Police Con- the plaster on the column on the stable C11, Lam Chi-ming, after other side of the steps falling he was arrested by the latter.
down, followed by the collapse of Committal proceedings were con- that column. ducted by Mr. J. P. Murphy, Assis- tant Crown Solicit, assisted by A few minutes later the first
'Det.-Insp.' L. R. whant.
וי
PILLAR DOWN
column also collapsed, bringing Lam Chi-ming, in evidence, sald down with it an adjoining pillar. after the alleged incident, he found This was quickly followed by the accused hidden in a pig sty about tumbling down of the pillar ad- 65 paces from the boat building joining the other column, Within yard He was walking with ac, another ten minutes, the cross- plece above the steps fell, and cused addressed him in the words with it another large slab on the reported above,
outside.
cused towards the yard when ac-
On arrival at the yard, an axe was seen on the ground lying hear the tool box. Accused was alleged to have pointed it out to witness and said: "I used that axe to strike him."
The whole incident was over by
8.45 p.m. Luckily there was no one about at that time..
.
Evacuation was advised, and His Excellency the Governor was fin- ally persuaded to leave Govern ment House on Tuesday night. His Excellency spent the night at Flagstaff House where his Assis tant Private Secretary, Mr. G. T Rowe. also took up temporary re- idence.
STILL AWAKE Earlier, a 14-year-old apprentice, Lau Cheuk-hin, who slept on the same bed as deceased, testified that on the night in question wher he went to bed deceased had been already lying there but was still Shoring operations were began awake. Witness fell asleep, and immediately, and workers wêre was still busy putting up heavy solid-
was not awaken until he
stepped on by another toki, who looking supports when & Hongkong came to the scene after the alleged Daily Press reporter called yester- incident. In his sleep, witness day afternoon. said that he was never disturbed
Two Chinese couples were mar-' by any noise, ried by Mr. J. Reynolds. Deputy Lo Tam, 51, deposed that he ran
CRACKS WIDENED
The cracks on the other pillars
Registrar, at the Registry, an oplum divan at an unnumbered and on the celing of the balcony
. MORE FIRE CLAIMS Claims at $57,032 show" an in- crease over last year's figure of Supreme Court. yesterday. $45,207 and the Fire Insurace parties were:→→→
Fund has increased from $87,873 to $132,103,
In the Accident Insurance Ac- count premiums at $88,507 show :30 increase compared with the figure of $49,301, last year.
Claims were lower having de- creased from $25,594 to $18,741, 'The Accident Insurance Fund has Increased from $20,381 to $40.323.
In the Marine Insurance Ac- count premiums at $256,233 show a large increase over the figure of $130,414 last year.
Claims at $55,190 show a de- crease compared with the figure of $69,480 and the Marine Insurance Fund has increased from $102,163 to $214.890.
The
interest credited to the Profit and Loss 4C- count was
$78,145 Compared-
with $67,691 and $75,000 has been transferred to the General Reserve Fund leaving a balance in
Profit and Loss of $8,254
cipal items calling for comment
Mr. Mar Po, merchant, of No. 55 Electric Road, and Miss Ng Pu- tong, teacher, of No. 500 Nathan Road,
have widened considerably, while that partion between the two fal- len columns looked in danger of coming down any time.
THURSDAY, JUNE 5, 1941. -PAGE 5
357252525252525252525252525252525252525TJAST25252525252520
QUALITY OFFERS FROM OUR
LINEN
DEPARTMENT
FINELY WOVEN HARD WEARING COTTON SHEETS
SIZE 72 x 108. $24.00 PAIR
72" WHITE SHEETİNG @ GOOD QUALITY PILLOW CASES
$2.50 YARD
SIZE 20 x 30 @ $1.50 & $2.25
FINE
IRISH LINEN PILLOW CASES
20 x 30 FROM $7.50 each.
WASHABLE CANDLE-
WICK TUFIED BEDSPREADS
IN
GREEN
CREAM BLUE, PINK &
SIZE 72 x 104 $37.50 ea.
LANE CRAWFORD. LTD.
Furnishing
Department.
The House of Quality & Service
52525252525 152757525252575
The hut in Ab Kung Ngam near the yard. He knew accused because Mr. Wong Tong-leung. mer- the latter was a regular customer. chant, of No. 11 Shelley Street, and On the morning of Apr. 24, ac-
Mr. S. C. Feltham, A.R.I.B.A., Miss Ho Pik-chan, of the same cused went to witness and com- address:..
plained that he received only 20 Executive Engineer of the Public cents "lucky" money from deceased Works Department, with two other instead of 40. About 1 am. next officials of his department. were morning, accused came to smoke, still on the scene yesterday after- during which he said: "Wong noon, Tsai (deceased) was unfair to me Asked whether. His Excellency.) and because of this I had struck intends to evacuate Government The forthcoming marriage be him on the head with
Batty-Smith an axe. House, Capt.
chant, of No. 2 Sui Wa Terrace, into pleces. tween Mr. Lo Hung-hing, mer-The earthen ware pillow was broken that he did not think so as His
Whether he is dead! Excellency had notified his inten- ber of refugees and Miss Hu Lan-tsen, of No. 101 or alive, I do not know.".
tion to remain there as long as accommodated High Street, was announced yes- Hearing was adjourned to Satur- possible, terday.
day, at 11,15 a.m.
7
ANNOUNCEMENT
Firewood Dealers Fined $1,000 Each
The managers of seven firewood retail shops were each In the Balance Sheet the prin- fined $1,000 or one month's imprisonment by Mr. H. G. are an increase from $443,127 to Sheldon, K.C., at the Central Magistracy yesterday for $545,323 in mortgages, an increase selling firewood at prices higher than Government axed from $879,470 to $767,420 in policy rate, loans, and an increased sum in- Defendants
ernment sccurities.".
and Exchange
the Investment Reserve Of $29,697, Market Value of these ties has increased
were
Cheung
PLEA OF GUILTY «.
=
sata
Refugees In The Colony
An increase or 138 in the num
and destitutes
in Government camps, etc., in urban and rural areas is recorded in the Govern- ment returns for the week ending on May 31.
ACKNOWLEDGMENT Urban Areas:
The Hongkong Anti-Tuberculosis Association gratefully acknowledges the following donations and "subscrip- - tions:-
King's Park-1,387, against 1,297
on May 24.
Ma Tau Chung-1,988 against
1,936 on May 24. North Point-1,537 against 1,526
or. May 24. Morrison H
On May 24.
500 against, 510
Urban Areas (Squatters Camps):
Tai Hang 2,546 against 2,547,
on May 24.
Ngau Tau Kok--811 agair.st 808
on May 24.
Fanling Children's Camp 372
against 372 on May 24, Total-11,915 against 11,779 on
May
Sir Robert Ho l'ung. $2,00; Chinese Chamber of Commerce. 500: Bank of China 500; F, C. Hall 250: Bank of Canton, 200; Bank of East Asia. 200; Shanghai CommL and Savings Bank, 200; Bank of Communications, 200; Lam Chi Fung, 200, W. T. Stanton, 100; Provincial Bank of Fukien, China and Southsea Bank 50; Wing On Bank, 50; China State Bank, 50: 50; Kwangtung Provincial Bant, vested in Indian and Colonial Gov-wun-man, of the Yuen Loong
Manufacturers Bank of Chins, 60; Mr. Alfred Y. Hon, who appear- Overseas Chinese Banking Corp., 50; In reference to the Balance firm, No. 41, Cochrane Street; ed for the first four defendants, Ylen Yich Commercial Bank 50: Bank Bural Areas: Sheet as at Dec. 31, 1939 we stated Chau Ching-pok, of the Wing pleaded guilty and said. In mit-of Kwangsi, 60: Mrs. Marjorie Allin- that the Stock Exchange Invest- Fat Cheung firm, No. 40, not challenge the fact that fire China Emporium, 50; R. A. C. North.
gation, that the prosecution could son. 50; China Emporiuin, 50; Staff-- "Kam Tin 2,785 against 2,784
on May 24. ments were valued below market Graham Street; Chu Fong, of wood other than that bought from 26: J. Jowson 10: Dr. Lam Chi Wur value" after taking into account the Cheong Hing firm, No. 66, Government for sale had to be 5; J. Coa, 5;. Dr. Macleod. 5; Mrs. The Stanley Street; Lo Luk, of the obtained from wholesale dealers, N. Macleed, 5; Dr. Hargreaves, S; Dr. J. P. Fehily, 5; Dr. G. Ingram. Show who imported it from abroad. Shing firm, No. 28, securi Fuk
5; Dr. R. G. Janes, 5. Spilt frewood was, during the Possession Street; Kwok Lau,
no doubt, year and the Investment and Ex- of the Hop Yick firm, No. 23,Mr. Hon, but the firewood sold by Arst class firewood, according to change Reserve of $71,799 is now a Graham Street; Ko Lal, of his clients had been imported from
Reserve, after valuing the
was really first securities in the aggregate below the Man Lee firm, No. 17, Singapore and
Graham Street; and Ngan class firewood. It was harder and TOTAL ASSETS. INCREASED Tai, of the Sal Kong firm, No. could return more heat; therefore. It was more expensive and it was The Total Assets have increased 26, Hollywood Road.
Impossible for his clients to sell from $3,304,661 to $3,860,025 n- The summonses were taken out it at Government fixed rate with- euding an increase in Paid up as a result of detectives being sent out suffering losses. Capital of $175,825.
to the shops, to purchase firewood
It was only the wealthy class National Gallery trustees, at Looking at the account general-on May 24. Defendants were al- who purchased such kind of fire their annual meeting were told ly the New and Renewal Life Preleged to have given from seven to wood, the poorer classes being not miums have both increased and 12 cattles less for $1 instead of affected. increases in Premium Income are the Government price of 45 cattles shown in all other departments, per $1. particularly in the Marine Account
Mr. F. W. Shaftain, A.DIC.I., who which has been augmented by re- conducted the prosecution, assist ceipt of War Risk Premiums and
ed by Det. Sub-Insp. J. O'Donovan, Surcharges.
said that he was instructed to ask The funds in the Fire. Marine his Worship to take a serious view and Acadent Departments show of the case.
free
market value.
a total increase of $206,915,
FROM ELSEWHERE
Mr. Hon further stated that
Masterpiece Returns
Safely
The National Gallery's Madonna and Child, by Jan van Eyck, which was loaned to the New York World's Fair in 1939, and has been returned, is now worth £50,000 (sterling), compared with the purchased price of £31,000 by the Felton Bequest committee In 1922.
that the painting was insured for £50,000 by the World's Fair.com- mittee.
The painting was insured for £50,000 sterling by the World's Fair committee.
·
A letter from the Director of the Detroit Institute of Arts . (Dr. Valentiner), stated that the painting had been shown in the largest museums in the United States. It was one of the best and rarest master- pieces in the exhibition, It aroused great interest
After the exhibition it had been throughout America, and was re- shown in Detroit, San Francisco. turned in excellent condition ex- Pittsburgh, St. Louis, Minneapolis, Mr. Sheldon said that he could cept for a slight warping caused Los Angeles, Newark arid several not agree with Mr. Hon on that by climatic changes. The warping other cities. In each city visitors point. In his opinion, the Magis- will not be apparent trate added, they bad sold Are-
ranged from 80,000 to 100,000,
Mr. A. Norman suggested that
overtiment, had not much Are- wood to sell to his clients, and therefore, they had to obtain it from elsewhere.
:
The summonses, said Mr. Shaf Assuming reserves for unexpir- tain, were brought out under the ed risks of 60 per cent. of a year's heading of split firewood so as to premium in the Marine account avoid ambiguity in that there wood at their prices deliberately. and 40 per cent, of a year's pre- | eduld be no question of defendants The other defendants were un- firewond from wholesale dealers at a special exhibit be made of the mlum in the Fire and Accident LC-pleading that the wood which they defended, Afth defendant, Kwok 45 cattles per $1, the sum exclud-picture in the National Gallry. counts there was a surplus in sold was of a different grade. Lau, pleading gulity and the other ing transportation fees and coolles" "We should be able to get 90000 these accounts at the beginning of Split firewood covered all kinds two pleading not guilty.
wages, and, therefore, could not people to see it in Melbourne, as the year of $71,788. On the same and the rate fixed by Government
In each instance, the two test-sell it at Government price with-has been done in other parts of based "the surplus at the end of for it was 45 cattles per $1.
fed that they had bought their out loss,
the world." he said.
Malt
Tel. 28151.
from the British Commonwealth.
is the basis of this Beer
LABEL
BLUE
BRITISH
BREWED
Lager
BEER
KONGKONG BREWERIE
DISTILL
Mose people are drinking.
Blue Label
i