"I Never Forget
That's why I'm always bright wil cheerful, Every now and then-
Pinketten”
Pinkettes, the dainty little liver and laxative pills, are an essential safeguard to your well-being. An censional dune rently but thor- aughty elenmes the fond tract, tones up the digestive and eliminat ing organa nnd prevents continued retention of waste matter in the system. Avold constipation, bilious attacks, liverinhness, disordered stomach, sick headaches,, depres sion and that general out-of-sorts feeling by this file attention to your internal needs,
LIVER & LAXATIVE INKETTE PERFECTION
DON'T FORGET
LOOK!
WHAT
HAPPENED HERE
(The original letter From Mis 0, B., New Croma. B.KH, may be seen at our offers).
"Before velog your Electria Comb my hair was very thic, straight,
and doll
After 7 days therm wax remarkable dif- terence. The bald patch/
entirely catered
with new young hair. The test took DIL ត
colour
1 tentant
and wha much thicker.
****I'd used your Elng-
tre Comb for 4 weeks when I had chile
photo taken. My hair healthy, thick, full Tight and colour, and has taken on natural wEY)
used it twice a week,
3
1 only
grows we quickly.
1st DAY
7th DAY
30th DAY
POSITIVE PROOF'
ARE YOU
STILL DOUBTFUL? 820,000 people who now use and talk in glowing terms about White's Electric Comb were-
doubtful too!
WHITE'S
ORIGINAL
ELECTRIC COMB.
AT ALL HIGH-CLASS STORES.
W. R. LOXLEY & CO. Sole Agents.
UNION INSURANCE MEETING
BAD EFFECT OF HIGH
TARIFFS
THE
of
HONGKONG
TELEGRAPH. FRIDAY, MAY 27, 1932.
Turning to world conditions In Chinn, the abnormal flooding
LESSER INCOME
High Customs tariffs were referred to at the annual general meeting of the Union Insurance Society of Canton, Ltd. by the Chairman (Hon. Mr. W. H. Bell), as a hindrance to trade own. and as having detrimental effects on the business of insur- ance companies. He expressed
many are A
THE IDEAL.
into
STAFF'S GOOD WORK.
very.
generally, it is unneccessary for mo│of the Yangtze River in July and to elatrate for I am sure the Press August enused widespread loss. for the excellent work done by the I think our figuros apenk well tend your own experience will have Much of the damage was kept you
how Society's staff in all parts of the informed upoz this ever to property of an uninsurable world and I would like on your he- difficult subject.
antare and the Society was not half to tender our congratulations In order to support possibly involved in losses to any extent.
Turning to the figures appear Manager and his staff for such and hearty thanks to the General efficient but very expensive sys- Um Governments are continuing ing in the balance sheet, I think good results. Our senior members to build up an elaborate system of taking into account the conditions are doing good work in a customs tariffs. It is to be hoped existing last year these will be dieult period in maintaining the that the various Governments will considered to be satisfactory. Society's business and I am pleased order their funneos, in such a way The Society has followed its gun to be able to tell you that we have As to enable them to abandon practice of writing the whole of several young men who are ra
reduce Many of them fits
investments and the invest-dually being worked into the more gh tariffs which in the opinionents of its aliated Companies important posts and who I am cur
hindrance to the market values ruling na atfident will ably carry on the very trade and act detrimentally upon the 31st December or less and fine traditions of the Company. the business of Societies like our these have been translated intu
sterling at the rate ruling on that on our invented funds for the year You will notice that the interest dinte. For example, investments, in 1930 amounts to £248,397.3.10 and gold dollars are converted
the Society's present dividend sterling at exchange 3.40 It seems to us that the free and investments in Australian pounds terested to learn that our affiliated and costs £270,000. You will be in- the view that free and un- unrestrleted movements of cargo, al
exchange 12511⁄2 and New such restricted movement of cargo if
thing wersZealand pounds at exchange 110 usual practice in not paying away companies have followed their. would go a long way to re- possible, would go a long way to
INVESTMENT VALUES.. more than their interest earnings susicate the fortunes of the resuscitate the fortunes of the
in dividend and in some cases they will appreciate that our world, but said it was impossible world and I hope that steps may
be taken at n no distant date to Exchange and Investmont Fluctua-are paying away rather less. The for one country alone to main-
mitigate the present position. It tion Account is not only influenced compared with the dividend id interest earnings of the Society as tain a Free Trade system.
Is however not possible for one by exchange but by the value of are i think upon a The meeting was held this country alone to maintain a free our investments at the close of the bass.
Batisfactory morning, and in his speech MP-trade Bystem when all other year. The market values of the Since we last met you will have of countries are building up tariff Society and its affiliated com- learned with regret of the death world depression, stating that barriers against her, and Great panies investments as at the 31st of Mr. Arthur Macgowan, a Direc- heavy depreciation in premium Britain last year was forced to December last as compared with tor of Messrs. Bradley & Company, income was reported from all the abandon her free trade practice, the previous year at the same date which took place in England last
How long Society's branches.
We have all been disturbed at in almost all parts of the world month. The late Mr. Macgowan state of affairs continued the unfortunate Sino-Japanese showed A marked decline but largely depended upon how soon conflict in Shanghai and we are these values when converted into of the Society and had served on trade revival would take place. relieved that the two great people sterling gave an appreciation in its Board and on the Boards of
BALANCE SHEET FORM.
concerned are taking steps
to that currency and you will notice ame of its affiliated companies. We their conpose
Exchange The four
and Investment were all very sorry to learn of his shareholders Addressing the
Mr. W.
acar geographical proximity of Fluctuation Account shows Hrn.
An denth. Bell 11.
the one country to the other and increase of £136,538.15.10. Whilst | fanid:--Before commenting
I inve now such pleasure in pru- up the consequent close trade rela-exchange played an important part posing the adoption of the report tionship make it particularly in this appreciation, nevertheless and accounts as presented and desirable that they should be the Society's sound investment when this has been seconded able to live upon terms of amity policy has also contributed to It. shall be pleased to
Turning to the Working Ac questions you may care to ask. and goodwill. We earnestly hope. that all differences between them counts, you will be planted' will soon be removed entirely. learn that the 1930 Account is
SECONDER'S SPEECH. running off favourably and there'
Hell referred to the effects
thin
the
differences.
MARINE DISASTERS.
Jusses.
On
the
You
FALL. IN INCOME.
to
was a most valued business friend
shower any
[12]
OUR BRITISH CROSSWORDS,
22
76
**** 126
Wh
Across
1 Spirits may do this, though it seems very trivial, but there's nothing trivial about the one at a railway terminus.
A sign of disapproval, or per- haps of a cold,
H Cut short-like
tail.
A
mongrel's
In And yet n spirit still, and bright light" with something of Wordsworth, "She was a Phan- 11 A suitable means of transit for
tom of Delight").
tooth-paate,
12 One
it would seem.
not feel very empty
after this fant.
4 From whence does the manatee
arlse?
6 There are no sights in this city
to sing about.
Both Jersey and Guernsey, are,
7 It's funny, but in this word all. the vowels are arranged in their proper order,
This little animal is in the end supporting heraldte gold.
14 Cut all of it and
hear
16 Establish by argument.
10 Mercury, for example,
only
18 Here we see a king of fiction in
bed, though rather must admit.
dimly,
A vile crime--and not without reason.
13 Just one, please.
10
10 Those made on earth are much
17
dearer than in pre-Wor days.
the snaro has been
it makes money.
trade barriers (hidden).
re
20 Goes well in a sandwich, don't forget the mustard.
but
21 Ensign of Royalty.
can well do without (anag).
Down
1 I am enveloped by nice discern- ment, that is, of course, under- stomi.
knack.
2 Just the thing for 21
The artist joins the sapper aver in bil.
3 This Shakespenrenn dog per
mitted to remain undisturbed on many a ten-table.
on the conditions existing last your and as to how these affected the particular business in which We are interested or on the figures which appear in our necounts I would like to say a few words con- cerning the form in which the Society Issues Its balance sheel, a
Mr. A. Stevenson, in seconding, is little doubt that it will leave a said: It is with much plonaure I form which, I may add, has been | For the last two years my pre- good profil, It is too early to second the proposal that the re- followed for many years past. decessors in the chair have re-judge the 1931 Account, but on a
By the Companies Act 1929, Com-ferred to the heavy toll on Marine percentage basis it is not show. Purt and accounts as presented be 18 There will be a struggle about panies incorporated in Great Bri-Underwriting Accounts caused by ing quite so favourably as
adopted. The Society appears as the usual to be in a very sound posi 20 Over In the thicket you'll find tain owning more than 300, of the fire and last year was share capital of a Company ortion to this ruže, Very pnsider-fall in the premium fncome whieb dividend besides making all nee
no excep-jyear 1930 at the some date; the tion being able to pay the usual ng many a small 18.
22 Not at all wild. Companies are required in show the ably sums of money have been was of course inevitable has had cessary provisions in the matter Times,
2 In no degrer, more than ever. aggregate arount of their holdings paid away by underwriters to the effect of increasing the charge of reserves. I feel sure that all 28 Those that may still be seen in jin these sillaskdiaries as a separate meet claims caused by this peril, ratio.
shareholders will join me in an Vauxhall are not those for which neset and in consequence of this Two outstanding examples of this
expression of appreciation to our
Vauxhall was famous. |Act Her Companies, in addition toj may 'be given. The s.a. Segovin
General Manager and staff for 20, Slander, the bad-tempered insufig a combined balodro sheet whilst building at New Orleaus As regards income, I do not the ability and loyal services alla-
man made the remark... which includes the gross assets and for the United Fruit Company at think you need be induls disturbed played in these herd and trying in which any of us
30 Cattle gathering. liabilition of their subsidingy com-j4 cost of U.S.$3,500,000 was Durati 1 fall in e pre times. The past year has again pantes, issue a statutory balance to the water's edge. The vessel miom fer it was quite impos- been under a cloud of troubles short which shows as a separate was nearing completion.
sible to maintain it this yeaf at such as the unsettled state of item. The Value at which they carry The motor vessei Bermuda its
previous figure. You-fwill trade and, the money market in their holdings in the subsidiary | 19,000 gross, owned by the realise that with large quantities general, the Indian unrest and companies on their booka.
Bermuda and West indies Steam of tonnage laid up in almost every fast but perhaps not least, the Sino- It will interest you to know that ship Company, gave rise to two important country in the world and Japanese conflict so close to nur the Society's practice has bery to separate
16th with the heavy fall in commodity doora; with regard to the latter, show its balance sheet in total fol-June. 1931, after unloading its prices there was considerably less it would appear that peace is not lowing the statutory basis in that cargo at liamilton Dock, Bermuda, nisirs offering and value to in-far distant. il only brings into its figures its the vessel caught fire and as a sure and it was not possible for
It in a fact that a Society such holding of shares in its subsidiary result her passenger accommoda- the Society to maintain its income. companies on the basis of their netition was completely destroyed heavy depreciation in premium as ours is very dependent on trade value and does not show in its The vessel Inter proceeded to branches. How long this state of very earnestly hope for peaceful income is reported from all our conditions and in consequence we balance sheet the gross assets and Belfast for repairs and in Nove affairs will continue largely de-and more prosperous times with Dabilities of these subsidiary comber, when these repairs were
a free movement of all classes of panies.
nearing completion, another fire pends upon how soon trade re- His a matter of study as to broke out, the vessel being a total vival will take place. At the goods and produce. Our Chair-
loss.
moment the financial state of the man refers to the customs tariffs whether it would not be desirable.
whole
world is so obscure and as apply in most countries with a in fahtre to draw up mir balance
With regard to tire insurance labouring under such immerte dif- Sheet in form as well as in total business, world wide trade de-, ficulties that it would be idle to
tons of regret. Free trade is the ileal if all countries would almi- tron the basis laid down in the Act ression combined with low values make any prophesy. You will un- larly open their doors but that, I referred to and, following the usual of commodities bus had the natural derstand that at present the fear, is too much to expect. practice in Great Britain, in addi-effect of diminishing premium Society does not bring into its Last year Mr. Grayburn stated. tion, to issue a combined balance
I am glad to be able to recounts the premium income of "To a mere banker, an Insurance shoot bringing in the Society's peerns the United Kingdom and premium income of the Society and analyse." If a banker finds it so, say however that so far as con- its afliated companies. The nett Company's account is difficult to portion of the gross assets and Finbilities of the subsidiary comfire loss record was better than amounted last year to £1,988,274,- turist? The suggested prospective
the United States of America the of
the group controlled by it what must it be to a mere agricul Inj This question is under in 1930, consideration and I only mention il
In Canada while a te 19.11. eline in losses
change in the formula òf the now as it is possible the form of
accompanied 3 You will appreciate that the balance sheet appears to be a good decrease in our balance sheet within the next nevertheless the average loss ratio affiliated companies is dependent a more rendily understandable na- premium income success of the Society and its one since it will provide details of year or two may be changed and if a change is mile the sharehold-was slightly higher. Losses were upon the support it receives from ture to. the layman.
somewhat lower in Australia dur-the merchants, and we earnestly Fers will understand the penson for ing 1931 as compared with recent, hope that business will soon be-
: years and no outbreaks of outcome less difficult for them. GOLD STANDARD CHANGE
It It is distinctly bad luck that our standing Importare occurred, does not seem possible that a trade Chairman has to report a third The outstanding event last year in New Zealand, fire losses con-revival and the consequent in year in succession a heavy toll by was the departure of Great Britain tinued on a high leyel in
com-crease in commodity prices can be Sre loas on Marine Underwriting from the gold "standard and it isparison with other countries. a rapid one as a great deal of re- Accounts including such examples not yet possible necurately to gauge
OTHER CALAMITIES.
construction work has yet to be as the loss of the s.s. Segovia and the Tect this momentous decision
dode. We can only continue to do the motor vessel Bermuda, the faay have upon Underwriting Ac An outstanding disaster in New our best under the difficult condi-total value of which ran into hun- counts last year.. Yon will realiae Zealand was the earthquake in the tione existing, In the meantime dreds that the fall in the value of sterling Hawkes Bay District of the North I think the shareholders have rea-Anent the fire insurance business, has added to the cost in sterling Island in February last year.son to be satisfied with the figures we should be pleased to note that of claims which have to be paid in The actual material loss was before them and they may rest the fire'losa record was better than foreign currencies and there is no large but the amount recoverable nasured that no effort is being that of 1930, but with regrettable doubt that damage to vessels, the from underwriters relatively spared on the part of the General incidents In New Zealand, repairs of which have to be carried antall, the Society's interest being Manager and the staff in doing Philippine Islanda and Japan. The out abroad will in many instances unimportant. Nearer at hand there their utmost to keep the Society figures in the accounts appear to Cost British Underwriters a good were important individual losses in a position that will enable it be very antisfactory and the con deal more money when translated both in Japan and the Philippine to benefit from the revival when servatism as is shown in the con into pounds sterling.
Islands,
this once takes place.
(Continued on Page 9.!`
it.
income.
FRECKLES AND HIS FRIENDS
CONSERVATIVE POLICY.
.
of thousands of dollars.
-Assessments!
the.
25 Slide (anag).
20 Decidedly cold.
27 The relationship of the sprat to
the mackerel.
I -
Yesterday's Solution.
RHONE DI STEMPER VE VRUGUGREDELMA STEPSON PANTAIL
IMAM; DOWRY: ITCH CWANN SABALLE AMEDICI: TUMBRIL
EXAMPLEE JACOBB OPIC YET. A K* KaY CUTE AGING, FAIR
RECE
FORTOLAN
ONE QULOOK. TEETH
FOOTWEAR
FOR
LADIES
BROWN & WHITE
BLACK & WHITE
JUST RECEIVED
By
GORDON'S LTD.
22. Queen's Road Central.
By Blosser
Your need these for the
Summer.
PHARMACY'S
SUNBURN LOTION
PRICKLY HEAT LOTION
MOSQUITOL
AND
COCKROACH, POWDER
THE PHARMACY.
Phono 20345.
GEE....I
DIDN'T DO ANYTHING.... YOU CAN
SEG I
DIDNT!!
D'YOU CALL UPSETTIN TONY'S FRUIT CART, DOIN NUTHIN? WELL, COME:
ALONG!
WE DIDN'T DO THAT...TH. DOG DID THAT=" ANT WE CAN'T HELP-VIHAT: HE DOES!!
HEVER MIND... "TONY'S GOT A CLAIM AND YOU KIDS GOTTA SETTLE IT!!
LOOK HERE' WHILST ARE YOU GOING TO DO ABOUT THAT FRUIT CART MU JUST WRECKED, WH THAT FLYING SHANTY?
VHHY! WHAT ARE WE SUPPOSGO TO DO?
DON THE
MEANTIME, THE OTHER
MEMBERS
OF THE OODLE
CLUB PICK
UP THE
TRAIL OF
FRECKLES
AND OSCAR, JUST IN
TIME..
LYOU GOT
TO PAY TONY FOR
HIS FRUIT
OH SURE... WELL PAY ALL THE COOLES' WILE
CHIP IN AN' PAY FOR
EVERYTHING!