1919-05-15 — Page 8

COMPANY REPORTS.

UNION INSURANOF 800IETY OF CANTON, LTD.

The report for presentation to the shareholders at the forty-sixth ordinary meeting of the Union Insurance Society of Canton Ltd., to be held at noon on Thursday, 22nd May, 1919, states:

The Board has new to lay before the Shareholders a Balance Sheet | containing a summary of the property and liabilities of the Society on the 31st December, 1918, and a statement of Working. Accounts together with sterling equivalents.

1917 Account-After payment of the interim dividend of $30 per share and the bonus of 20% to Contributors passed at the last annual meeting there remains a balance of $3,315,645.96 as per annexed statement.

The Board recommends that this sum be appropriated as follows A final dividend to shareholders of $20 per share

1

on 16,000 shares arcania

A bonus dividend to shareholders of $20 per

share on 16,000 shares ..............................

$ 320,000.00,

320,000.00

An addition to the Reinsurance Fund of £150,000

@Exchange 3/4 7/16.

890,262.75

An addition to the Building Reserve Fund of

£30,000 Exchange 3/4 7/16-

178,052.55

296,754.25

.

1,310,576.41

To Equalization of Dividend Fund £50,000 @

3/47/15

To be carried forward to Underwriting Suspense

Account to close the account for the year 1917.

$3,315,645.96

1918 Account. The Balance of Working Account on the 31st Decem- ber, 1918, was $6,239,222.94 as per annexed statement.

The Board recommends that an interim dividend of $30 per share be paid to shareholders, absorbing $450,000.00 and that a bonus of 20% be paid to contributors, absorbing about $250,000.00, and that the remainder be, carried forward.

Directors. Since the last General Meeting Mr. G. T. Edkins “has resigned his seat on leaving the Colony and Mr. R. Ross: Thomson of Mesars. Butterfield & Swire has joined the Board. In accordance with Clause 80 of the Articles of Association Mr. A. O. Lang and Mr. J. A Plummer retire, but offer themselves for re-election.

Auditors.-Messrs. A. R. Lowe and C. Bernard Brown retire, but offer

themselves for re-election.

Hongkong, 22nd April, 1919.

To Nett Premium

Interest

རྩྭ་

P. HL HOLYOAK,

Chairman,

•

THE CHINA MAIL.

The Net Profits of the Company for the twelve monthe under review, after providing for all bad and doubtful debts, and donations to charities of $1,260, amount to................. To which has to be added the balance brought forward from last.

Leaving available for appropriation

$43,353,80

4,975.48

- me messzemenem. $48,329.29

$36,000.00

We propose to pay a dividend of 4 per cent.

which will absorb...... Write off Bullding Improvements, Furniture, Fittings, Utensils of Trade...LOVENSKRIEK Write off Aerated Water and other Plant and

Machinery

And carry forward to 1919 account.

ཡི---མ་

CONSULTING COMMITTEE.

-8,000,00

4,000.00 329.28

The existing Committee consists of Hon. Sir C. P. Chater, C.M.G., Mr. J. Scott Harston, and Mr. H. P. White..

AUDITORS.

The Company's Accounts have been audited by Mr. F. Maitland and Mr. C. Bernard Brown, A.CA, who offer themselves for re-election.

JOHN D. HUMPHREYS & SON,

General Managers. HONGKONG, 12th May, 1919.

BALANCE SHEET, 31st DECEMBER, 1918.

'Capital Account..........

Reserve Fund....

LIABILITIES.

Local and General Liabilities in the East and in Local and General Liabilities in London

America

Advance against Mortgage (up to $125,000) on Marine Lot No. 293 and the Buildings thereon. and Kowloon Inland Lot No. 1208 and the Buildings thereco

Bills Payable

Security Deposits from Staff........ Unclaimed Dividends

Security Deposits from Customers,

Profit and Loss.

Forward from 1917 Account

Net Profit 1918

..$79,528.48 25,660.39

$22,000.00 13,700.00

$ 4,975.48 43,353.80

WORKING ACCOUNT, 1917.

ASSETS.

£

...................... 1,446,458 15 154,145 17

£1,600,604 13 1

9 4

$ c. 8,584,855 85

Land and Buildings-

h

914,868 82

Section E. of Inland Lot, No. 19 and the Buildings

thereon

$60,000.00

$9,499,724 67.

Kowloon Inland Lot No. 1208 and the Buildings

thereon.....

27,500.00

Marine Lot No. 293 and the Buildings thereon

161,245.18

Sa

d.

$

11

30,853 10 10

c. 163,118 39

*2

Head Ofce, Branches and Agency

Charges ****ET

103,801 17

7

4,346 9 797,212 11

4,731,522 75

Remaining portion of Section D of Inland Lot No.

1026 and the Buildings thereon Shameen Lot No. 74 and the Buildings thereon, Canton 616,072 97 Extra Concession Lot No. 78 and the Buildings

thereon Canton, .... 25,796 70 Inland Lot No. 1780 and the Buildings thereon, Hongkong, as per last Ac-

20,767.21

62,000.00

9,066.00

countrie

936,214 3 10.

5,556,510 81

$67,979.60 34,123.70

151137 90

92,103,00

By Agency Commissions

H

6

Remuneration to Directors, Com-

mittees and Auditors...............

Losses and Claims paid

Bonus of 20% paid to Contributors Interim Dividend of $30 per Share Balance......

25,465 3 3 80,273 9 10

To Nett Premium

Interest

476,430 00

Additions during 1918..........

3,315,645 96 Building Improvements, Furniture Fit- tings and Trade Utensils at Hongkong, Canton and at Native Branches - As per last Account

Written off for depreciation 4th, May, 1918

Added during 1918...................

558,651 16 2

£1,600,604 13

1 $9,499,724 67

WORKING ACCOUNT, 1918.

8.

له

$19,990.11 7,835.51

C.

9,101,886 883,153

83

$12,154.50 39,553.07

31

$51,707.67

14

Aerated Water and Other Plant and Ma- chinery at Hongkong. Canton and Amoy :-

.3,533,573 2 5 148,802 2. &

£1,682,375- 5 1 $9,985,040

$ c. As per last Accounti

$78,993.54 385,222 67 Written off for depreciation 4th May,1918 15,164,49

712,363 02:

25,693 72 Disposed of by sale of Amoy Ice and 2,622,537 59 6,239,222 94

$9,985,040 14

By Agency Commissions

Head Office, Branches and Agency

Charges .....

$900,000.00

EARLIER TELEGRAMS.

__(Router's Serolce to the China Mail.).

BUDAPEST IS BUDAPEST.

Hungary

LaNDas, April 87th. Delayed.

pected the German Best at Flow

од

Scapa

THURSDAY, MAY 15, 1918,

YOKUHAMA.

PASSENGERS ARRIVED,

May 15.

The decline at foreign rus in Per ss. Shinye Mars, for Hongkong; Yokohanes not checked by the Mr. D. de Aboitiz Mrs. D. 8. Aboiti prospects of pesco in the near future, sad infact, Dr. T. C. Arvinu, Mr. Aug The number of big buildings for sade Mrs. C. S. Bernabe and daughter, Mr. Tek By Mr I. Joh. Mr. O S. Bernabe, or unoccupied is gradually increas- and Mrs. W. L. Bramwell and 3 children. Mrs. E. Bourne, Mr G. Baldwin, Mr.

tug time.

"

A telegram from Berlin reported, from ing; and of the larger premises for Budapest, shat the Communists have sale 90 per cent are bought by J. A. Baer. Mrs. W. E. Blyth and child, arrested hundreds of bourgeoia and pre- minent people, ho will be assassinated Japanese and the unoccupied bulld daughter. Mr. P. Beattis, Mrs. F. Bostum Mr. H. Bowrey, Mrs. E. Rowllings and if Humanian of Allied troops occupyings are also repaired with Japanese Mrs. E. Van Bergen, Lady Chater, capital. In this way, Japanese are Mr. and Mrs. D. W. Campbell, Mr. LA ALLIES TO RESTORE ORDER. Isteadily replacing foreign merchants Carter, Mr. Otus Liong Seng. Mr. D. General Berthelot bae arrived at Herrin the business quarters of Dobbie Mm. Dun Tak. Mr. H. J. Eddo,

Olements. Mr. R. "impos, Mr. J. mannstadt and issued a proclamation Settlement. For instance, says the Mrs. J. W. Ford, M. R. A. Green, Mr. J. A. $48,329.28 that the Allied Army will occupy Hunij, the Yokohama branch of the LE. Guterres, Mr. J. E. R. Green, Mr.

gary and restore order.

Osaka Shosen Kaisha recently bought B. E. Gregory, Mr. S. Hotvedt, Mr. G. and removed to the four-storey build Hashizume, Mr. and Mrs. A. M. Hicks THE WORKS OF JOSEPHUS.

ing at the corner of No. 58. Al and child, bir. L. Hansen and daughter, Mr. and Mrs. C. L Iverson, Mr. B LONDON, April 7th..

though it is somewhat old news, the Javier, Mr. T. Jorgensen, Mr. B. Tovo Kisen Kaisha bought, the Club Jennings Mr. W. Kawa'e. Mr. and Delayed. The Secretary of the American Hotel on the Bund, while the Mori Mrs. T. Kundts, Jr, Mr. J. Rarings, Navy, Mr. Josephus Daniels, in nura Shoji Kaisha and the Yano Mrs. T. Miyoshi and child. Mr. and Mrs. Joko & Co. have entrenched them Maki, Mrs. La B. Matson, Mr. H. J. A. J. Matzel, Mr. E. Meyersohn, M. H. Saturday. Speaking of selves in the Settlement for some

Mozingo, Mr F. 3fakamura, Mr. E. Tunch given on the Admiralty,

The Yokohama Ironworks, Molteberg, Mr. and Mrs. H. L. Niebch Mr. Daniels emphasised that American naval men brought back into America formerly under foreign rasgemens. Me. N. M. Nilson. Mr. W F. Priestler the spirit of friendship and fellowship has become a branch workshop of the Mr. E. R. Port, Mr. C. E. Quimby Mr of their brothers in the British Navy. Uebida Dockyard. The ice-manufac D. G. Robertson. Mr. J. Ramany, Mr. E. He was greatly impressed at seeing the tory on the canal side has kewise child, Mr. and Mrs. J. R. Reis and Master Bayes, Mr. and Mrs. N. F. Romanolfand powerful German Fleet at Sears Flow passed under Japanese management. Rais, Mr. D. da Foz, Mr and Mrs. D. quarded by a few drifters. Germany The warehouses near Kagucho Police Boss, Mr. and Mrs. J. Schwartz, Mrs La would never again have a navy, because Station, ate mostly alled with goods Seqpers. Miss M. W. Sproull, Mr. W. M. it lacked courage,

owned by Japanese merchants.

Smith. Mr. G. E. Sibbatt. Mrs. F. C. But what is particularly note-P. W. Stansfield, Mr. R. H. Sinley. Mr. Spencer and 2 children. Mr. and Mrs. worthy is the reveres of German C. Tietig, Mr. R. Temple, Mr. G ms. The buildings af Eities & Co. Tayin. Mr. Te Pao, M. 17 Cho, Comdr. and of Otto Reimers & Co. have been and Mrs. F. W. Vining, R.N.. Mr. F. P. or sale at 1.800,000 each since the Water Surg. Capt. and Mrs. C.. F. beginning of this year. The great Miss E. F. Ward, Mrs. Yap,

Woodwright, RN Mr. W. F. Wenyou, buildings of H. Alrers & Co. and Mr. Yap Hoe and family. Master Yap Uy Kay, Curl Rohde & Co. are simply desert. Chen Feng, Master YRD. Kay Song. ed, as they are unmanageably big. Master Tap Ling Seng, Master Yap Taa but it is settled that imenediately on Xiques, Mr. and Mrs. S. G. Zuelling and Seng, Mrs. H. 0. Youngberg, Mr. E, A. the restoration of peace they will be a children. taken over by certain Japanese busi These nien. Smaller buildings are also being engerly bought by Jupan

In fact, with the ese merchante.. sole exception of such international concerns as the Standard Oil Co. and Samuel Samuel & Co., it has become

200,000.00

104,188,87

HOLLAND.

THE HAGUE, April 27th 65,000.00

Detayed. It is officially announced that all 42,020.99

2,220.00 restrictions into Holland of oversea goods have been rescinded Therefore the Netherlands Oversen Trust is authorised to grant licences for unlimited supplies 35,700.00 of all goods, except wa:-material.

Great Britain has thanked Holland for the valuable assistance rendered in the repatriation of British war-prisoners.

48,329.28

THE BOLSHEVIST WAR..

· HÆSINGFORS, April 37th.

Delayed, It is reported that a Finnish force captured the town of Letinanpolte on the White Sea coast, an important strategic junction of roads, and of the Petrograd-difficult for foreign firms to cope with Murman_railway,

Japanese merhangs, and, in con- sequence, they are being driven to tenement houses." The Interna-

The

HONGKONG TIDES,

The tide table visen helme has been compiled at the National Alcanse Office of observations taken by means of a in London from the reelt of the nonlysis untomatic tide-resording machine in the Water Police Baain at Taim Sha Tsui inring the years 1905-6,

The zon of the table corresponds with the zero of thesounding in the Admiralty

Further Finnish detachments are ad- tional Building, which is the oldest Chart, which has been found to be 4 Tesl

Bolshevik torpedo-boat Botilla stationed bere will not be able to escape and will doabtless be captured.. vancing upon Petroskoi, the capital of the Province of Olonetz,

LONDON, April 26th.

Delayed.

A telegram from Berne states that the Ukrainian Government reports that the Ukrainians captured Kieff The whole peasantry are revolting against the Bol- $432,68169iheviks in Western Ukraine.

E

64,906 0 10.

120,025 14 11.

Remuneration to Directors, Com-

$63,829.05

mittees and Auditors

Losses and Claims paid

19

Balance.

4,329 2 6 441 870 5 4 1,051,244 1 6

£1,682,375 5 1

Aerated Water Factory.......

14,021.02

Added during 1918.........

$ 49,808.03 421.25

BALANCE SHEET, DECEMBER 31, 1918.

Disposed of during 1918

$ 50,229.28 423.81

£

s. d.

$

M

269,583.6 8 1,600,000 00

To Authorised Capital 16,000 Shares of

$250 each

....$4,000,000.00

Subscribed Capital 16,000 Shares

of $250 each upon which $100 per Share called and paid up-

To Reserve Fund:

师

Silver

$3,000,000.00

Sterling £195,000... 1,157,341.58

Building Reserve Fund" £20,000, 0..0 Reinsurance #Fund £1,127,373, 16. 7 Underwriting Suspense Account

£131,571. 6. 1

Exchange Fluctuation Account ......

Investment Fluctuation' Account

.. Working Account 1918 Balance

21

Sundry Creditors.

131.571 6 1 780,886 89 Mortgage by W. J. Haynes, en Shanghai Aerated Water Plant 102,763 19 1 609,912 81

and Machinery

49,805:47

Steam Launch, Steam Lighter and Motor

Junk:-

As per last Account ....

Written off for depreciation 4th May, 1918

$ 18,400.00 2,000.00

16,400.00

Н

505,468 15 0 3,000,000 00 Total Stocks in Trade 195,000 0 0 1,157,341 58 Fire Insurance Premia and Licences unexpired

20.000 0 0 118,701 70 Good Debts due from Customers....... 1,127,373 16 7 6,691,059 49 Sundry Debtors

117,91314 $65,059,07 4,903.16

......$110,674.21

38,830.29

149,504.50

29,000,00

$ 13,150.59 7,254.99

||

20,406.58

$1,419,467.14

LEAGUE. NOW HAS SECRETARY.

LONDON, April 29th.

Delayed Sir James Eric Drummond" has been appointed firat Secretary-General of the League of Nations,

NAVAL AFFAIRS..

!

SIMA, April 29th. Delayed It is understood that Admiral Lord Jellicoe has handed H.E. the Viceroy report on naval airs in Indian water for submission to the Admiralty.

erection designed for offices, has long heer full. To meet the increasing demand for offices, the old building at No. 75 has been repaired and christened Board of Trade Building. The Anglo-American Building is now really ready. These are all build. ings whose rooms are let exclusively for offices,

inches below mewn Mes-level

To obtain the denth of water on the de sange at the Victoris Naval Tard add 3 feet 4 inches, and on the ard st Lamont: Dock, Aberdeen, add 10 feet inches to the height given to the toot

ستید

May 18 to 99, 1919.

JAK. BATEN

Вас

110 m. 11

1791

M. E. Booth, who left Shanghed for A British subject. named Miss

Kobe by the a.x. Takathima Maru, P is believed to have committed sui- cide on the voyage by jumping over. 18 m board. She was missing when the vessel arrived at Robe, and the Japanese authorities returned her personal effects to the British authorities in Shanghai.

tuer

Wed

རཏྐས gcice

DODGE BROTHERS

MOTOR CAR

Low WATER

Homes

སྦྲ ཟ ཟ 3 སྠཽ ཎྞཱ སྠཽ

700.00 1,500.00 2,281.77 43,353.80

WE HAVE CONCENTRATED ON ONE CAR AND ONE CAR ONLY, IN A DETERMINA- TION TO MAKE IT AS GOOD AS A CAR CAN BE MADE FOR EVERY PART AND EVERY PROUESS THAT ENTERS INTO IT WE HAVE PERSONALLY ESTAB- LISHED A STANDARD, THE WORK DONE AND TER MATERIALS ́USED IN EACH PART AND EACH PROCESS, IN EVERY CAR, MUST CONFORM TO THAT STAND- ARD. DODGE BROTHERS, WILL ALWAYS: GIVE TO THEIR CAR THAT OVER CARE WHICH THE PUBLIC EXPECTS OF THEM

PEOPLE HAVE IMPLICIT FAITH · IN

OF THE INTEGRITY

DODGE BRO- THERS' MANUFACTURING METHODS. BECAUSE OF THE NAME IT BEARS. YOU MAY BE SURE THAT THE PRINCIPLE BEHIND THE CAR - WILL NEVER BE CHANGED A HAIR'S BREADTH + DODGE BROTHERS HAVE ONLY ONE IDEA IN THE UPBUILDING OF THEIR BUSINESS. THAT IS TO BUILD “IT 80_SOUNDLY AND 30 WELL THAT THE GOODWILL WHICH THEY HAVE WON WILL GROW AND ENDURE- FOREVER

Working Account 1917 Balance.........

242,798 17 1 1,441,031 83 Cash in hand, Hongkong and Branches....... 558,661. 16 2 3,315,645 96 Cash at Bank, Hongkong and Branches............ 1,051,244 1 € 6,239,222 94

£

530,629 1

£4,835,064 19 6 $28,696,640 34

s. d.

4 3,742,837 14

Silvera

Gold............£679,473 1.11 ...

By Cash with Bankers, on Current

and Deposit Accounts:-

Investments in Silver Securities 1,313,946 14 10

446,073 11 @ $ 679.473 1 11

2,547,484 44 To Auditors' Pecs......... 4,032,730 53 7,798,385 61

#

Investment in Gold Securities

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED

· 31ST DECEMBER, 1918. DEBIT

To Consulting Committee's Fees!..... To General Managers' Commiseion. To Net Front for the year.

British......$1,088,602. 3 9.

A

1,454,083 2 1

8,630,106 82

Foreign............£365,480.18. 4

By Balance from Working Account

#

Sundry Debtors including

Branch and Agency Balances - Silver *****

?J

Gold £554,861.16.10.....

Mortgages Silver.....

228'504 10 6 1,356,193 78 554,861 16 10 3,293,152 19

C. P. CHATIDER

1. SCOTT HAIRSTONÍ

CREDIT.

$ 47,835.57 $47,835.57

Consulting Committee.

$ 47,235.57

£2,688,418.0.10

JA

Leasehold Property

111,152 16 7 659,701 48 46,989 5 9 278,885 44

£4,835,084 19 6 $28,696,540 34

-J. 'A. TÁRRANT, Secretary.

Th

Sterling Exchange taken at 3/4 7/16.

P. H. HOLYOAK,.

STANLEY H. DODWELL,

Directore.

C.-MONTAGUE EDE,

General Manager.

S. WATSON, & ‚COMPANY, LIMITED.

"HELLO, HAWAII {"

:

The Banvard American Musical Comedy Co., had another "crowded house at the Theatre Royal last night! when they presented for the second

JOHN D. HUMPHREYS & SON, General Managers.

In the summer months, make one

shrink from theatre going.

That those present were satisfied with last night's fare is only putting it ruildly.

| ⠀⠀ "Oh, Papa,” will be presented at the 4.30 p.m. matinee and at the 9.30

time the musical absurdity "Helló, show to-day..." Off to the Front" is

Hawail!" of which so much was written in yesterday's China Mir'il Last night's audience, was WAY appreciative and promptly gave

advertised for Friday and Saturday nights.

credit where it was due. One grat GOOD RULE FOR THE HOME

night's attendance was the fact

1918, for, presentation to the Shareholders at the Thirty-fourth Annual at everybody got into Malways keep on hand a bottle of

The Report of the General Managera for the year ending 31st December,fying thing to note about last Ordinary General Meeting of the Company to be held at the Hongkong Hotel on Erly, May, 23 gaya:

GENTLEMEN,

We beg to lay before you a statement of the Company's business with Balance Sheet for the year ending the 31st December, 1918.

rule of your home to Yankee Way and turned up it is as a safeguard against bowel Chamberlain's Collo and Diarrhes whatever garb they thought most com complaints. It always curds promptly fortable and shut up coats and lounge and no heasohold in sale without suits were more in evidence than the Fore by all Chemists and Stro hard fronted shirts and clothes which, koepe

ITS STABILITY IS BUT A REFLECTION OF THE INSTITUTION ITSELF.

SHEWAN, TOMES & CO.

SOLE AGENTS—

TELEPHONE No. 781..

St. George's Buildings, HONGKONG,