1920-05-04 — Page 8

Juxite

Hosiery

SMART SUMMER SOCKS.

Low shoe time calls for just such sung fitting socks as these. They are thin at the ankles, but reinforced where the wear comes

and heels.

tops, toes,

All the new Summer Shades $1.00,

$1.25,

$1.50

per pair.

MACKINTOSH

& CO., LTD.

MEN'S WEAR SPECIALISTS.

18. Des Voeux Road.

THE FAR EASTERN INSUR- ANCE COMPANY.

The

ANNUAL MEETING,

Telephone 29.

250 M P. H. BY AIR.

TRAVELLING IN 1925.

M. Michelin, the new President of the Aero Club of France, believes that in a few years-ay, in 1925 the normal speed of,aeroplanes will be 250 miles per hour.

COMPANY REPORTS"

BANK OF CANTON, LTD.

THE CHINA MAIL.

The report of the Bank of Canton,

FIRE ON THE KHIVA.

FURTHER DETAILS.

In continuation of the information

Ltd. for 1919 has now been issued-cabled to the China Mail by its Including a balance of $60,026,78

brought forward from the previous Singapore correspondent," the follow account, the net profit for the perioding is taken from the Singapore Free under review, after paying all Press of April 24. charges, amounts to $525,736.84. After deducting $33.279.71 for bonus of not a little excitement on Thurs The P. and O. wharf was the scene a sum of $493,45713 remains, which with $400,000, transferred from reserve fund, and $40,000 from in vestment reserve fund, gives a total of $833,457.13. After writing off sume for fixtures, etc., the following sums. have been appropriated Bonus to be paid in shares to holders of silver shares of $50 paid up $600,000: additional bonus to be paid in shares to holders of silver shares of $50 paid up-$82,787.64.

LIEUT. MASIERO LEAVES CANTON.

·WILL USE NEW MACHINE FLIGHT TO M KE UP LISTANCE LOST.

Lieutenant Masiero of the Rome Tokyo Flight left Canton for Shang- hai last Saturday afternoon.

quite recovered from his indisposition, Although Lieut. Masiero had for

the departure of the two aeroplanes was decided to take place on April 28.

day night and throughout the early hours of yesterday morning, when fire broke out in hold No. 3 of the "Khiva," which but, for the difficulty experienced at first in locating i

Early in the morning the motors would have been subdued very quickly. It was about a quarter to were heard of the Two S. V. A. No. eleven that cries of fire were raised 9 aeroplanes piloted by Lieut. by the coolies at work in the Masiero and Lieut. Ferrarin from hold and became general in

Fongtauen to the North Parade very short time. Hold No. 3

Ground. It is explained that the item of being immediately under the arst

The aeroplanes bearing the Italian $52,367.64 is appropriated as addi-class saloons in the fore part of tional bonus for the purpose of the ship, passengers who had just tricolors were dying over the city for making up the difference between retired for the night, or were about several minutes causing the admira the value of £200,000 in respect of

to do so, began to feel rather un- 40,000 shares of £5 each at the rate of exchange fixed by the board and

comfortably hot, but we are told that tion of the population of Canton City. it was not before a lady had rushed. They arrived at the North Parade

About 9 o'clock, Administrative

the bonus dividend of $15 each out to find the cause that they realis. Ground and were met by a large respect of 40,000 silver shares deed that they were being subjected to crowd. clared and converted into sterling a slow baking process from below. in pursuance of the extraordinary resolutions passed on October 27 1919 which the directors trust will fourth ordinary general

be confirmed by the shareholders. meeting of shareholders in the Far

After making these transfers there Eastern Insurance Co., Ed., was

remains for appropriation the sum of held at Shanghat on April 26. Mr. M. Michelin was no doubt Influen$243,990.98 out of which the directore Edward Ezra presided. supported ced in his statements by the recent recommend payment of a dividend of by Count, Jezierski, and Messrs.inventions of N. Ratean, a well-known 6 per cent. on the subscribed capital, H. E. Arhhold. E. T. Byrne, J. H. scientist who has evolved a turbine and a bonus of $3 per silver share of Dollar, and H. M. Tibbey, directors, which permits flight at a very $50 paid up. These will absorb and Mr. W. 5. Jackson, General great height by compressing the $241,802.17, leaving a balance of Manager. The attendance repre- air necessary for the working of the $2,185.81 to be carried to new profit sented 21,581 shares.

motor, and, of course, incidentally. and loss: account. for the lungs of the pilot and passengers.

The notice convening the meeting, and the auditors' report having been read.

The Chairman said:

Gentlemen: I would refer you to the report and accounts to December

Another distinguished, engineer hopes shortly to be able to construct a machine fitted with motors totalling"

a force of 50,000 h.p. When the

31, 1919 showing the second com-schemes are realised it will be possible

YANGTSZE INSURANCE

ASSOCIATION.

As a result there was a general rush to the promenade deck, especially of Director Teen Chun-hsuan, accom ladies and children, ready with their panied by the leaders of the Military luggage to make an exodus if and Civil authorities arrived at the necessary, but being assured by the camp. He showed much interest in ship's authorities that such an even- tuality was not necessary, some got the inspection of the machines. on to the wharf to watch the opera tions of the fire extinguishers and others remained on board.

was It appears that the hold stacked with general cargo for Lon- don and Marseilles, lard for Penang, and Chinese samsu for Singapore, of which last mentioned article the greater number of casks had been removed, there being only fifteen casks in the hold at the time of the fire.

In all probability the fire originated In-with the samsu receptacles, either by the spontaneous combustion of one

On the same morning Marchese Paulucci Italian Ambassador at To kyo, accompanied by his wife and the same Barone Russo, Secretary, embassy, with wife, arrived at the camp

Dieut. Masiero and Lieut. Ferrarin were presented by his Excellency the Military Governor of Kwan- tung, with two silver bowls and two gold Medals with his best wishes for the success of the glorious fight,

After all preparations Lieut. Fer- rarin started on his journey at 9.30 and few minutes later Lieut. Masiero

to leave Paris after breakfast, lunchsurance Association, Ed. to be preof them, or by the lighted stump of and the motorist Maretto tried to fy

plete year's work of the Company, a copy of which you will find on your at Naples, and dine in Caire.

seats and as a copy of same was forwarded to each shareholder several days ago I will, with your approval, take them as read. ̈

I would first draw your attention to working account 1918 which shows a balance at credit of Tls. 158,268.74, and after allowing for all estimated pending claims on this account, the result should show a satisfactory profit when the working account of 1918 is finally closed.

Competition for both Fire and Marine Insurance has been very rife of late, largely in consequence of the slackness of business generally caused by the high rate of Exchange ruling at the present time, but in spite of this competition, I feel con fident that our Far Eastern Company will be able to hold its own. We are going ahead and extending our fields of operation carefully and gradually. I would remind shareholders that the Far Eastern is a local Company with a large proportion of its shares held in China, and as every shareholder

The reppert of the Yangisze

sented to the annual meeting of shareholders co May 14 states that the working account for 1918 and former years shows a balance at credit of $2,821,025.02, and the dire ters recommend the payment of a dividend to shareholders of 20 per cent. out of this account. and the transfer of $413,720.50 to the credit of the reinsurance reserve fund. The account will then stand as follows: Dividend of 20 per cent.

(20 per Share).$ To Reinsurance reserve

fund Balance to be carried

forward

Total

240,000.00

363,720:50

2.217.304.22.

$2.521,025.02 The directors recommend that the

With reference to working account for the twelve months ending Decem- ber 31, 1919, you will no doubt notice a satisfactory increase in the amount of Premia earned, namely Tis. 560,821.42 as compared with has something to insure, either his Tis. 289.986.25 during 1918. We household effects, his residence, his have again shown the amount of private effects when travelling or sum of £1,000 should be again donat Reinsurance Premia on the other his motor car, I hope he will noted to the Sailors' War Orphans' side of the account in crder that you overlook the Far Eastern when he Fund, being a fund which they con may see that we have carried on our places his insurances, as small consider should continue to receive the policy of proceeding with caution tributors often become large contri- and running small limits and have, butorg. I can assure you that in consequence, had to expend this however small the business a share Marge sum in reinsuring. Now, holder may bring to this office, he however, that the business is will receive the same attention and rcreasing and extending, we shall consideration as one bringing a risk be in a position to increase our limits somewhat..

The foregoing and following re solutions were formally carried:

support of this Association, also that a sum of £1,000 be donated to the King's Fund for Disabled.

Working Account, 1919.-The net premia earned during 1919, after deducting return premia, R. insurance

the coolies. a cigarette-thrown down by one of The Central Fire and the S. H. B. brigades were summoned, Owing to the delay in communication with them through the telephone, it was not till a quarter to twelve that both the staffs turned out with three engines. About the same time the two S: H. B. firefioats Varuna and Sunda also hill, came alongside and despite their joint The aeroplane had a terrible smash, efforts in playing water through the and it was only due to the skilful nearest hatchway, no great effectness of the pilot and the strongly could be brought or the fre, as it built aeroplane that the pilot, after was about thirty or forty yards away, the motor was thrown out and the Visibility was nullifed by the mass propeller destroyed, was able to of smoke that shot forth through the direct his aeroplane to a rice field hatchway and no one could be per saving his life and the life of the suaded to climb down with a hose, motorist. Both were quite unhurt to Under the circumstances, the hatch the surprise of all the spectators who way was closed with heavy planks saw them walking out of the damaged and tarpaulins to render it air tight machine. and hoses played through, apertures. It was soon evident that this was not going to avert the danger, and the services of an engineer in the employ of the United Engineers were re quisitioned about 3 a.m. for opening up a port hole on the side of the ship adjacent to the wharf. leiding

by the opposite direction to the first aeroplane as it was noticed that Lieut. Ferrarin had some difficulties in getting escaping some obstacles met at the end of the camp. After leaving the ground with full speed and taking regular flying position Lieut. Masiero unfortunately struck a tree that he did not notice at the sharp turn of a

Lieut. Masiero is an experienced pilot who, during the war, shot down 16 enemy aeroplanes and one draken- baloon. He has been decorated with three military Italian Silver medals, one bronze medal, the Italian and French war cross and the highest American Military decoration.

Lieut. Ferrarin of the Royal Italian centred. This was done by oxy Aviation Corps of the Rome Tokyo acetyline burner and the cut piece Flight landed at Foochow at 6 was beaten down into the hold with o'clock, afternoon of April 23, after its steel plugs. This was about four a very bad time met during the flight o'clock, and then the work of getting and he is waiting better weather to the fames under by bringing hoses proceed on the journey to Shanghai. into play through this aperture took Lieut. Masiero will go to Shanghai balf an hour. Two hoses were by steamer to get another aeroplane introduced by the fire brigade from with the intention to make, before the wharf, and the other brought from leaving Shanghai, a record flight the firefloat round the bow of the Shanghal-Foochow Shanghai in one ship and on to the wharf.

day.-Canton Times.

DENNISTON · PLAYERS.-

FURTHER LAURELS WON.

for many, thousands of Taele. By premia, etc. amount to $2,936,774.80, to the place where the fire was bringing your own business, and that and, after debiting this account with The balance at credit of this of your friends, to the Company in the depreciation in the market value account, namely. Tls.

209.716.13 which you are a shareholder, you of investments and loss in exchange would have been very much more will be helping to build up and amounting to $379,433.64, there re substantial but for the fact that strengthen it.

mains a balance of $1,718,821.75. we have charged Working Account

I will now propose the first re-which the directors recommend should 1919 with the depreciation in the solution, namely, that the report of be carried forward. market value of local Investments the Directors and statement of The directors are of the opinion and loss in Exchange, amounting to accounts for the twelve months that it will meet the wishes of the $148,774.15, but this depreciation ending December 31, 1919, as pre-majority of the shareholders if and loss in Exchange, are, of course, sented, be accepted and passed, instead of following the usual cus cally only book entries, and I hope This resolution is seconded by Mr. tom at declaring a special dividend

the end of this year there will be H. E. Arnhold, but before putting it out of interest earned during the Messrs. Wilson and Cresson and appreciation in the market value to the meeting, I shall be pleased past year, they declare an interim their respective men stood to their f our local Investments, instead of to answer any questions shareholders dividend later on in the year, should work unswervingly and played in- epreciation.

may wish to ask.

they consider the estimated result of cessant streams of water till the 1919 underwriting justifies it.

tongues of flame were checked. Building Reserve Fund. This The men remained at their posts Proposed by the Chairman, second fund, having served the purpose for till 11 am. yesterday when the ed by Mr. H. E. Arnhold. That a which it was opened, is no longer smouldering flames were completely dividend at the rate of six per cent required and the directors recommend extinguished and the deluge in the Love and revenge were the pre- being One Tael & 20 cents per share, transferring the sum of $116,279.20, hold in which the cargo was floating, dominating passions in "The Woman. on the paid up Capual of the Com-standing to its credit, to the rein was pumped out.

in Room 13," the complicated drama: pany, Le declared payable on and surance reserve fund.

About 500 tons of cargo, whose of modern American life submitted after April 27, 1920, at the Hongkong Reinsurance Reserve Fund-After value has not yet been made cut by by the Denniston Players in the & Shanghai Banking Corporation or withdrawing from this fund, in Lloyds local representatives, but Theatre Royal last night to ar the Russo-Asiatic Bank, Shanghai, to July of last year, the sum of which should reach five-figures, is said audience whose manifest apprecia shareholders of record on April 19, $480,000; for the payment of a bonus to be the total damage done through tion was the best testimony to the 1920.

of $40 per share to shareholders, the action

ne fire and water. success of the production and its Proposed, by Mr. John Prentice, there remains a balance of $770 000, Fortunately the camphor which was able presentation. The piece abound. seconded by Mr. H J. Clark: Thai to the credit of this fund, and after stored just behind the samsu and ed in dramatic incident and held the Messra Edward I. Ezra, H. E. transferring $363,720.80, from work part of the general cargo which were interest of the audience until the In the balance sheet there is very Arnhold, E. T. Byrne, Earolding account 1918 and former years, actually burnt was untouched, other denouement in the thrilling Court tle for me to comment upon. You Dollar, V. Meyer, H. M. Tibbey and and transferring $116,279.20, from wise the damage would have been scene. The bistrionic talent displayed

notice that the Assets rotal the Count L. Jezierski be re-elected building reserve fund to the credit more serious.

was generally good, and considerable aflsfactory sum of Tis. 1,057,984 87. Directors to serve until the next of this fund as recommended above, We understand that "the cargo praise is due to Miss Warda Howard With the exception of the value of | Ordinary General Meeting of the fund will stand at $1,250,000, which had been variously shipped for the brilliant manner in which she ur permanent Gold Investments, Shareholders.

The ordinary general meeting of in Shanghai, Hongkong, Kobe and portrayed the over-wrought feelings hich with the approval of our Proposed by Mr. W. J. N. Dyer the shareholders takes place at 4 p.m. Yokohama, is covered by insurance of the clever and courageous woman aditors have been again valued at seconded by Mr. T. Orton: That and will be followed by an extraordic Capt. Potter, master of the "Khiva," whose desperate fight against hate Taels cost price. Sterling Ex-Messrs. G H. & N. Thomson beary meeting. Resolutions will be his officers and men, as well as Mr. | and duplicity resulted in the acquittal hange has been taken at 7/10 and re-elected Auditors to serve until proposed to effect a subdivision of A. R. Wijeykoon, acting wharf of her husband on a charge of relative value, between Gold the next Ordinary General Meeting capital, an Increase of capital and manager and his subordinates, ren- murder which he had brokenly ollars and Taeis at 149, these being of Shareholders and that their re, changes in the Association's articles. dered valuable assistance. Captain admitted under the GT. T. rátes on December 31, 1919, muneration be Tls, 300 per annum.

Your Directors were inclined to larry forward the whole of the bat nce standing at the credit of work- og account 1919, but considering be large sum earned for interest nd dividends on the Company's In estments, namely, T. 57,229.43 uring the last year, and also the act that shareholders who invested beir money in this Company over wo years ago were entitled to re cive a portion of this interest in ame, they decided to declare a ividend of 6 per cent-out of interest fred, and this I trust will meet ith your entire approval.

d the consequent loss in Exchange, ounting to Tis. 126,418.15, has ta debited to working account

This was all the business, and the

Chairman announced that dividend Two new Launches are being built warrants would be, posted that : for the "WALLA-WALLA. evening.

Acet. 'Phon No. 3516: 7

HOWE

Edwards of the S. H. B. represent | Law." atives of the agents and other officials were also on the scene. The departure of the vessel has been postponed till Morday at 4 p.m.

Lowritten

To-night the Company is repeating Up in Mabel's Room," the play with which they gained their initial success in Hongkong.

THE STANDARD OF EXCELLENCE

A LARGE VARIETY IN STICK

MUSTARD & CON

No. 1186,

TUESDAY MAY 4, 1920

NOTICES.

DAIRY FARM NEWS.

COLD STORAGE.

Store your Winter clothes, furs, rugs, carpets

&c., in our cold stores. The only safe method

of keeping them during the Summer months.

For full particulars apply to the Secretary.

THE DAIRY FARM, IOE & COLD STORAGE Co., Ltd.

"Keepkool" Underwear

FOR

MEN.

THE NEW IDEA IN SUMMER UNDERWEAR,

"The Only Elastic Ribbed Porous Underwear.",

WIT

ITH the advance of civilization the question of dress. ever becomes a matter of greater importance. Particularly in tropical climates any article of dress that tende to mitigate the suffering osused by extreme heat is sure to find a cordial reception.

Discriminating people everywhere have been educated to know. that underwear is the article of apparel that really requires the greatest care in its selection. The ideal underwear for hot weather- must be light in weight, durable, absorbent and elastic. For these remions the porous principle in underwear is the solution of the bot-weather problem. The pores in the fabric are in reality little cells that permit the air to circulate between the outer clothing and the skin. These little chambers allow the heat from the body to evaporats: before it bas a chance to condense, and forta perspiration, thus keeping the body dry and cool.

Underwear however, must be more than porcus to be comfort- able; it must be elastic. Elasticity is of prime importance as it allows the garment to give full play to the movements of the body and prevents it from chaing and, binding. Keepkool anderwear is the only brand bat fulfils all of these necessary conditions. It is porous for coolness, elastic for comfort, lock stitched for durability, and absorbent for health. No other and sailing at popular prices contains all of these necessary festores.

VESTS with Short Sleeve

$2.50 each

Fize 32 to 44 inch

KNEE DRAWERS

$2.50 each

Size 34 to 44 inch.

The NEW STYLE one Button Combination

Size 32 to 42 inch.

$4.76 each.

CALL IN AND EXAMINE THE GOODS..

WHITEAWAY, LAIDLAW & CO., LTD.

20. Des Vœux Road Central, Hongkong.

TO APPEAR WELL BY

DRESSING WELL IS

A LADY'S NECESSITY

OUR

LADIES' TAILORING DEP'T,

HELPS you well in MEETING IT.

THE SINCERE CO., LTD.

SCALES