1924-05-16 — Page 5

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FRIDAY MAY 16 1924

YAT SEN

SEN DEAD?

IS SUN YAT

LATEST FROM CANTON.

THE CHINA MAIL.

His Activities.

CHINA FIRE INSURANCE.

COMPANY'S ANNUAL

MEETING.

H.

few years-emphasize the necessity. for charging rates which will allow Mr. Ede has particularly request- the setting aside of premium to ed me not to dwell on his resigna- provide for these heavy casualties. non, since you as well anderstand The dearth of trained assistants that serving the Company for which inevitably followed the the space of 40 years he feels the Great War is gradually being severance very keenly but it would be

At the Afty-fifth annual meet- overcome and the knowledge and ill fitting indeed if he were allowed experience gained by the younger to relize wishcut some reference by ing this morning, Mr. P. generation of Insurance men makes the Directors to the outstanding part Holyoak presided and there were for the smoother and more efficient he has played in the development of present the following directors, conduct of the business.

of the Sariety's business und Assets Messrs. P. H. Holyoak, Chairman, ---Turning-to-the-figures-in-the during the period he has controlled J. A. Plummer, J. O. Russell, JP REFUSAL TO PRODUCE THE DOCTOR. Report I would explain that weis Destinies. I need merely men- Warren, C. G. S. Mackie and the have followed our usual custom tion that in 1 when Mr. Ede as following shareholders: G. T. and taken the Investments at their smed clurge, the total assets we Franklin, W. R. Mansfield, P. Market value as at the 31st Decem- appositely a Million Sterling, and Lauder, A. C. Hay, E, A. Lees, ber. Exchange has again been the balance sheet now before you B. 11. C. de Cunha, V. L. doa a somewhat important factor in the plains them to be over five figures and the fall in the unes that sure, farts which speak Remedios, A. E S. Alves, A. A. American cross-rate lias increased for themselves and need no amplific. Alves, M. A. R. Souza, V. R. Y Ribeira, W. "F. Gardner, R.D. the Gold Dollars sterling equivalation.

During the save period, through Reed and D. M. Hodgson. You his foresight and personality amalga will notice that our Re-insurance mations were aged neces Fund has been increased by over ulls coneindent first besteen the £200,000 and the Report generallyline Firehand later the Nor is very encouraging.

Interest in Dr. Sun Yat-sen, dead or alive and in spite of assurances by his physician and Secretary that he is very muck alive, continue unabated. A large number still continue to believe that Dr. Sun Yat-sen is no more, basing their belief on rumours which continue to emanate from various sources; the tardiness in issuing assurances to the contrary, and the fact that no outside person exists who has seen Dr. Sun Yat-sen since rumours of his death began to be circulated. Below will be found the latest information on the matter including report from our speetal repre sentative.

A Refusal

Canton

Indisposed.

Dr. Sun Yat-sen, indisposed for a time last week, is now abic to receive a few friends on business.

1

On advice of the chief of staff to Dr. Sun Yat-sen, the Kiangsi mercenaries in Capton are, re- moving from the city, and the local authorities are putting up matsheds to house them,

The above are extracts from The Evening Star" Canton's newest paper. They are brief and taken from 2 column

lent in our Balance Sheet,

„Chin both of which have added considerably to the Soviety's power which fo-day tientiem, is world

A Conservative Policy. Notwithstanding the satisfactory Account presented it has been wide: thought wise considering the ride conditions of the World, that no increase in our Dividend shall be made, and your Directors deem it advisable to continue, for a further period, the conservative policy adopted last year.

.

Chairman's Speech.

The Chairman said: "The re-

port and accounts were issued on the 1st May and subject to your approval 1 will follow the usual' procedure and take it as well as the Auditor's report as read.

The working account for the year 1922 shows a balance, of $904,376.02 to be dealt with. Your Directors recommend that this balance be appropriated as Dividend of $7.00 and Bonus of $3.00 per share

on 20,000 shares

.$200,000.00

701,376:02

$904,376.02

16 his bown.my privileguasa Dir- In order finally to obtain optical

ertor of the Commany to be a winted with, Mr. Ede for many years. evidence of the presente in

now, throughout that inric I have the flesh of Dr. Sun Yat-sen.

been protendly impressed with his and in that way to convince

intense paso devotion to, the follows: the many who. consistently

Company and the manner in which claim that Dr. Sun is dead,

Japanese Earthquake.

he has built up its excellent system the China Mall dispatched a special representative to Canton with

The year 1923 was a troubled with a view to securing the continu

its of a Poliev which has amply specific instructions not necessari

one not only in this Colony but in proved itself in the past and with To carry forward to ly to obtain an interview with the

many parts of the World, and this offerted tientiemen, our feneral! Doctor, but to see him. "Seeing is

Underwriting Sus- would particularly refer to the Manager can safely take the rest terrible calamity which most which is both merited and needed. believing" and only in this way

pense Account can those in Canton who have

happily overtook Japan. In this. You will all be pleased to learn. - deliberately taken their own time

connection you will be pleased to that he will continue to reside in a matter that excites the interest

learn that no Member of the amongst us and although he will not of the world, hope to assure the

Society's Staff received injury dar-actively be engaged in business in

Turning to the balance sheet public that Sun Yat-sen is alive headed Local Brevities" Beyond ing the Earthquake. Our office in the future we fall still be able to you will notice that "Sterling Ex- Naturally the only man to go these references, there is nothing Yokohama was totally destroyed the charm of his very kindly change this year is 2s. '87ed. as to in

is Mr Eugene in the paper to indicate that Dr. but the Tokio Branch escaped nasites In secognition of the very against 25, 24d, last year. Chen and on him our repre- Sun Yat-Sen's existence or other-ny damage. A temporary valved services rendered to the Să- The balance at credit of the sentative has called. He wires that

Office has been erected inciety by Mr. Fide your Directors 1923 account is $1,366,779.04. Mr. Chen is emphatic thar Sunwise has been the worid's' concern.Yokohama on our old site and the have voted him sum of £20,000 | I feel certain, Gentlemen, that Yat-sen is perfectly well after his Obviously there have been "dark Branch was reopened for business and his set (mission on pre you will consider these figures indisposition which was not illness. doings." There has been a strict on the 1st February last. No doubt fits for three years and which I am satisfactory from all points of Further that Dr. Sun does not feel censorship of news and no inter-when many of our Shareholders confitient will meet with your ap-view. called upon to prove eview has been granted to anyone heard of the disaster they had un-proval

i now move that the Directors' body that he is note dead.

easy thoughts as to the possible I have now to announce that after report and statement as presented Our representative's message is as particularly to journalists.

effect it would have on the Society's very careful deliberation the Beard be adopted and when this has been follows:-

adopting this attitude those con- business. We transact in Japan are appointed Mr. Pent and seconded I shall be pleased to Mr. Eugene Chen at Head- cerned must be held directly larger Marine Account than any who has wide experience in many answer any questions that may be quarters made the following responsible for the conflicting news other Foreign Company, bút I am of the Society's principal Branches staternent:-"Sun Yat-sen does with which the world has been happy to state that the disaster has as well as at Head Office.—whom not feel called upon to prove to | treated. It has taken Mr. Eugene left as unshaken and for your in- we have tried and have full confid 3r. A. C. Hay seconded the re- Chen, who probably knows more formation car entire loss is estimat-ence in--to sueverd Mr. Ede and he port which was carried unani- than most people concerning con- ed at approximately £100,000. vill assume charge of the Society's mously, ditions in Canton and the state of Gentlemen, considering the nature business is from "July 1. nest, mind and bodily health of Dr. Sun and magnitude of the calamity, we (Applause). Yat-sen, to telegraph to a contem-have reason for thankfulness that porary:

have escaped, so lightly

Studying Chinese;"

In

Reports of Dr. Sun Yat-sen's death utterly untrue, Obviously an enemy fabrication."

"An enemy hath done this

T

AAL

ון

There now caly remains fer me to propose the adoption of the Re port and Accounts, nad when this hạs heen seconded I shall be glad to Last year your Chairman refert.nswer to the best of my ability any ed to the unsettled conditions in questions you may wish to ask.

were seriously

probably, but a friend hath taken China which

SHAREHOLDERS OPINION.

Mr. Harston: "I have

very

put.

.

Directors and Auditors..

LANE, CRAWFORD LTD.

ESTABLISHED 1850,

SOLE AGENTS

FOR

HARTMANN WARDROBE TRUNKS

藝廳

We have just received

a Consignment of

WARDROBE TRUNKS

in Taxi Bíze, Medium Size,

Three Quarter Size,

and Full Size:

INSPECTION INVITED.

ENGLISH RECORDS

LIGHT OPERA & MUSICAL COMEDIES

964 UTOPIA LTD

TWO PARTS

465 THE GEISHA

TWO PARTS

666 MAID OF THE MOUNTAINS

SELECTION

SELECTION-T

SELECTION

TWO PARTS

907

THE CABARET GIRL

TWO PARTS

SELECTION

397

PIRATES OF PENZANCE

..TWO PARTS

SELECTION

AT

ANDERSON'S

Messrs. J. A. Plummer and J. O. Russell were re-elected, directors on the proposition of Mr. V. L. HOHOHONCHONSIDONÓHÓIGNKOME dos Remedios seconded by Mr. A. A. Alves.

Messrs. Lowe, Bingham and" Matthews and Mr. C. Bernard Brown were re-elected auditors at a remuneration of $7.50 each on Alves, seconded by Mr. V. R. V. the proposition of Mr. A. E. S.

anybody that he is not dead. In view-of the fact of categorical statements issued by Mr. Eugene Chen under his own name he has sent to the Hongkong Telegraph the following:-Re- ported death of Sun Yat-sen is untrue. In your issue yes terday you stated: We have made every endeavour secure authentic news order keep public fully informed. I have an uncommonly long time to say hampering trade and I regret that not received any enquiry from the rumour was untrue, and is conditions during the past year you although you frequently taking a longer time to give have shown no sign of Improve leasure in seconding the commumcuted to me on Ices tangible proof of the continuedment: The Society's home field is important matters." Interview existence of the Doctor.

in this Country where we continue. Resolution for the adoption of the with Dr. Sun has been refused. His German physician-is this to make every effort to strengthen Report and Accounts as presented So that is that! The public an evidence of Germanic

Those are, qualities which com- must now use its own judgment sympathy or a tribute to the our position With this cad in to this Meeting, and in doing so, in the matter und draw its own medico's

view'encouragement is being given would remark that the financial ability? assures the conclusions.

to our Junior Officers to study position appearing therefrom is mand respect at all times, but in Mr. Engen Chen world that his patient is quite Chinese or other Eastern language eminently satisfactory and reflects Mr. Ede's case, we have to me the says Dr. Sun Yat-sen is alive, but well, just needing rest and re-as your Directors feel that the neces great credit not only upon the ber that he would be entitled to be refuses to produce him.

sity for speaking the language of the Company's Board of Directors and excused if they were on occasion Country of residence will become General Manager but also upon all missing, for as we all know, he has Increasingly necessary and be of the other members of the Com- for some ten years suffered from material assistance to our trade.pany's staff, for the worldwide ill-health of such a nature and to as to try him This step will enable our Officers nature of the Company's business such an extent

INSURANCE IN CHINA

UNSETTLED' CONDITIONS HAMPERING TRADE.

OTHERWISE OPTIMISTIC

freshment

Ribeiro.

Dividend and Bonus. The Working Account for the year 1922, after allowing for

to maintain a closer. connection makes its prosperity especially almost beyond endurance, and Bonus to Contributors and an with the Traders of the country in dependent upon the efforts of its yet he has day after day, month Interim Dividend of 245. per share, which they reside.

staff every quarter where that after month and year after year so borne himself as to entitle him to shows that the balance available You will be pleased to learn that business is carried on.

Speaking for myself, I consider the admiration of friend and for for distribution is £372.998; 16; 8 the Society entered into occupation and your Directors recommend of its new building in Cornhill, that the policy of refraining from alike. that this balance be dealt with in London, on March 25, and the one, and that the adoption of such would have given up the straggle Many a younger man than he increasing the dividend is a sound Union Insurance Society Annual A Final Dividend of the following manner,

excellent Office erectedt has given. entire satisfaction to all concemed. a course will.redound to the bene- long ago, but Mr. Ede is imbued Meeting.

16 per share on

Gentlemen, we have followed fit of the Company and con-with the same spirit as that which. 111,000 shares. £88,800 oo our usual custom and voted a sequently so that of its shareholders has made the British Empire what it

OUTLOOK.

To carry forward to

Underwriting Suspense Account

to close the Account

for the year 1922....284.198 16 8 The balance of the Working

terms.

Bonus of 15 per cent. on salaries to the credit of Members of the Staff holding Provident Fund Agreements which we feel süre will meet with your approval.

Mr. Ede's Retirement

in future years.

is to-day, and he has by his courage Unsettled conditions in China) leading to serious hampering of

In view of the appalling nature and determination set an example and extent of the unfortunate which will serve as a guiding trade were again referred to at the annual meeting this morning of

calamity which visited Japan last light to those connected with the the Union Insurance Society of

September, I consider that share Company in the years to come. holders may well yiew the fact that With regard to Mr. Ede's ability, Canton. Hon. Mr. P. H. Holyoak,

the Company's losses in connecI need only mention the fact that Chairman, said that the Society's Account for the year 1923 stands. I have now to make an announce- tion therewith are approximately under his management the busi- home field was China and they at £640,848 48 and out of this tent which I am sure will be re- $100,000 instead of a much larger ness of the Company has been were making every effort to balance your Directors recommend ceived by you all with feelings of sum, as not only a fortunate circum-quadrupled.

The the payment of an Interim Divid-profound regret and it is to inform stance but also a tribute to the You. Mr. Chairman, have in- strengthen their position. business of Marine Underwriting end of 24 a share absorbing you that our respected and deeply manner in which the Company's dicated in your speech the esteem in which your colleagues and and Insurance generally, in cam$133,200, and a Bonus of 20% to loved General Manager, owing to business is conducted. mon with all other trades had Contributors of business on Bonus continued indifferent health, has I now come to a matter with yourself hold Mr. Ede. and I will tendered his resignation as from which I'am very much more qualis only add that 1 know that such been passing through a difficult

As you have been told at every June 30 next which has been filed to deal than any of those which esteem is thoroughly well desery. period, but the general trend of

secent Annual Meeting, the busi- regretfully accepted by your have previously mentioned fed business warranted a more

ness of Marine Underwriting and Directors Mr. Ede's fine spirited refer of course to the forthcoming I am pleased to note from your optimistic view. Hon air. P.-H. Insurance generally, in common Public Work for many years in retirement of the Company's remarks, Mr. Chairman, that Mr. Holyoak presided and the follow with all other Trades, has been this Colony, in which he has General Manager, Mr. Ede." Ede will continue to reside among ing were present:-Messrs. J. A. passing through a difficult period beco 50 ably seconded by I have known Mr. Ede in-us, and I trust,that he may long be Plummer, J. Russell, J. P. and although that period of depres- his devoted wife, is so welltimately during the whole period spared to do so. He has more Warren, C. P. S. Mackie, G. Msion has not yet entirely possed I known to you all that I will not of his... legure of office as than earned the rest which his Young, directors, and the follow-am pleased to state that there are dwell upon it here save to say that General Manager, and I have relinquishment of the post of ang shareholders:Hon. Mr. H. E. not wanting indications that the we all hope it will soon meet with been honoured by his friendship General Manager will undoubtedly | Pollock, K.C.. Hon. Mr A. R.worst is over and that the general the recognition it so richly throughout that period. Lowe, Messrs. J. Scott Harston, trend of business warrants a more deserves.

For the past eleven years I have I would like to add a word of W. R. Mansfield, A. A. and A. E. S. optimistic view than has been

Mr. Ede joined the Society's also acted as his legal adviser in welcome to Mr. Lauder, who you, Eastern Staff in 1884, and after connection Alves, D. V. Stevenson, Ho Fook, possible daring recent years.

with Innumerable Mr. Chairman, have told us is..to Cut Throat Competition. H..B. L. Dowbiggin, W; L

serving in Hongkong. Shanghai, points wherewith he, as General succeed Mr. Ede as General The Market of Insurance has North China and Japan he ulti-Manager, has from time to time Manager on the 1st July next. Stevenson, W. L. Leask, never been larger in the history of mately became Branch Manager had to deal, and I don't mind con- I have not known Mr. Lauder so Dunbar, G. C. Franklin, Father the World than at present and the at Shanghai. In the year 1908 hefessing that his knowledge of the lone or so intimately, as I have Robert, L. E. Ryan, Chau Siu-ki, increased number of Companies assumed full charge of the Society Law relating to Insurance matters known. Mr. Ede, but I have been' J. A. Alabaster, G. G. Franklin, and Individuals seeking to make having just completed an Inspec is vastly superior to my own which brought into sufficient contact with B. M. C. da Cunha, M. A. R. Souza, profits from the business naturally tion Tour in Australia. I may here fact aptly serves to demonstrate him to be made aware that he le a V. L. Remediós, Sum Pak-ming, means increased competition, remark that the re-arrangement he that Mr. Ede must have atall times, gentleman possessed of the W. E. L. Shenton, C. B. Ribeiro, Nevertheless there appears to be made of our business in that field studled the subject of Insurance Attribute which Carlyle described H. Glanville, A. V. Apear, A. C. slowly gathering what may be has proved of lasting excellence deeply and .kept in son as "Gentes," namely, The infinite Hay, J. A. Worswick, Capt. R. D. termed an understanding amongst | During recent years he has stant touch with all matters capacity for taking pains,' Thomas, E. A. Lees, C. Bernard Underwriters that the rates now given considerable attention to likely to affect the conduct He has had a lengthy experi e në Brown W. L. Pattenden, W. F. current in the World's Markets the Jamese side of our business. of the Company's business and in the Company's service, and I Gardner, E. A. G. May, Yeung euire stiffening, and although No doubt the mess of his activi- affairs, a task which when coupled am sure well merts the confidance

great deal still remains to be done, Yan-po, P. M. Hodgson.

co-operation amongst the various in this Field was materially with that of his having, as it were, reposed in him by the Company's

The Chairman said:

give him.

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Companies is growing, and It Is rised by the high esteem in which to keep his finger upon the pulse Board of Directors; and I feel Tel Central No. 135.

of the Company's numerous certain that the future will show The Report and Accounts were evident that Underwriters sro Mr. Ede beds the People of that interests and operations, can have that such fonfidence has not been, issued on the May 1, which will beginning to realise the necessity Country, and, we believe, that he been no light one. have given you ample time to tor abandoning the extreme was held by them. As you are no scrutinize our figures and I propose competition which has proved doubt aware His Majesty the Em therefore to follow the usual; so detrimental tosound custom and take them as well as business The "Liner" losses Peer of Japan conferred upon him The Auditor's Report as read. that have occurred during the past the Order of the Sacred Tres

sure.!!

HONGKONG.

Lowe, Bingham and

misplaced:

* Directors and Auditoral) Messrs.. Two great qualilies in Mr. Ede'à 1 am sure you will all fola me in character have always appealed to wishing Mr. Larder a long and Mr. J. A Plummer, and rett. J. C. Matthews were re-elected auditors me, namely, his invariable courtesy prosperous career as the Com-Russell were re-elected directors of

pany's General Manager."

the proposition of the Hon Mr. H. E. at remuneration of $2,000 each on and is unfalling patience.

Follock KC seconded by Mr. the proposition of Mr L. Dunbar G. Grimble

seconded by Mr. L., E. N. Ryan,

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