1925-05-29 — Page 1

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The?

China Mail

Temperature 75, Barometer 29.81 'Rainfall 0.02 in Humidity. 77

No. 19,507

LISHED

HONGKONG, FRIDAY, MAY 29, 1925.

PRINCE AT TENNIS. QUIET GAME BEFORE "SAILING. YESTERDAY'S OUTINGS.

Busy Round of Sport and Pleasure. Determined to make the most of the twenty-four hours which! he was able to spend on terra firma in Hongkong. H.R.H. Prince George played a set or two at tennis eurly this morning and got on hoard about fifteen minutes before, the s.s. Malwa cast off.

Mrs.

CORRESPONDENCE.

Bathing Beach Mystery. (To the Editor of the Ching Mail).

THE DOLLAR.

To-day's closing rate 2/2/15/18 ny's opening rate 2/2-15/16

PRICE, $3.00 Per Month.

INSURANCE RATES.

THE AUSTIN BEVEN.

Catalogues & specifications from Bolu Agents :

ALEX ROSS & CO. (CHINA), LTD.

REDUCTIONS FORCED BY UNDERCUTTING ENGLISH

UNION CO.'S PROSPECTS.

Latest Combine

A

Material Strength.

That the Company was in a sound position and will be able to take advantage of opportunities for expansion when a revival in trade materialises was one of the facts reported,at the annual meeting this morning of the Union Insurance Society of Canton, Ltd.

Turning to the figures in the balance sheet, you will notice that the re-insurance fund, underwri ing suspense and the exchange! and Investment fluctuation ac counts all show satisfactory in- creases over, last year's figures.

Sir-Can you really do nothing.. Mr. Editor, to solve the mystery of the Stonecutter bathing beach. So far I have not seen any light thrown on the complaints made that a naval picket at the beach refuses landing to any person on that stretch of about four hundred

The Hon. Mr. P: H. Holyoak yards of clear beach, Beiween His Royal Highness certainly fr. 5. 6. Hill, Mr. and Mrs. W this portion of the beach and the presided over the meeting and obtained both relaxation and Ironside, Mr. P. W. Greene, Me space fenced off for bathing there was supported by:-The Hon. Mr. exercise during his brief stay here and Mrs. T. Dallin, Miss Mario is actually no barrier,, but people A. O. Lang. Mr. J. A. Plummer, From the moment he stepped off Lawrence the Ray Father would not like to cotas pr for Mr. D. O, Russell, Mr. T. G. Weal the Victoria" he was on the go augi Bunchio, Miss H. A. Girling fear of being 'driven back which and Mr G. M. Young, M.B.E. practically the whole time, the ... Cirthial (French Consulis obvious seeing that lacing is (Directors), Mr. Paul Lauder

The working account balance (General Manager), Dr. J. Ħ. only interval being during the AMr. and Mrs. H. Green the denied unless one goes est. Home at Government House Bishop of Victoria und

It is up to the people responsible yesterday afternoon and about Duppy, Mr. and Mrs. J. S. for running the beatch-1 believe it Sanders. Messrs. Ho Leung, Chan for the year 1924 shows a de- seven hours, sleep.

Gillingham. Mr. Walter Brown is the P. W. D, in this case to tell Siu-ki, A. H. Mackenzie, Chau erease compared with that of the Major C. Willson, Mr. Corvetta dethe public why they are debatred Tsun-nin, R. W. Paulden, E. I. proceding year. This is primari- Albuquerque Consul for Portugal), from landing at the place indicated Summers. D. H. Cameron, J. Wy due to the fact that consider Mr. and Mrs. W. . Tubert. If they do not know the reason, why Alabaster, V. E. V. Ribeiro, M. A. fable re-insurance has been effect. Miss Davis, Lieut.-Col, mund Mrs. then let them ascertain it from the Elgueiredo,. F. P. Silva W. F.ed in respect of our American Largely as a result of this ru- Hayley Bell, Mr. and Mrs. military people with whom they Gardner, F. P. de V. Soares, Lo fire commitments. Walter (ti, dosphy Miss H.D. "are supposed to have some arrange. Cheung-shiu, A.-H. M. de Silva, Savert Mr. A. Quint Pror," D ment. Surely it would not need B. M. C. da Cunha, V. L. dos insurance the premium income for and Mrs. E. P. Minet, Mr. A. many yards of red tape to do this. Remedios, A. C. Bay, M. A. R. the year 1924. has decreased by Ernest F. Rit, Mr. and Mrs. Hiving personally ted a glimpse Souza, F. R. Smyth, H. Ruttonjee, £213,225 12. 8d., but in conse W. H. Newman, Capt. G. F. of that haughty naval picker, 1 for G. S. Archbult, A, W. Hughes, J. quence our ability bas heen | Oxspring, N. Henri di Courthial, one am inclined to question his Ormiston, Ho Kom-tong, J. A, very considerably reduced and we Worswiek, Leung Yan-Po. J. are of opinion that the ultimate Dr. and Mrs. W. B. A. Moore, authority..

Yours, etc... aul

Arnold, U. C. Galluzzi, R, A. result of our underwriting ac Mrs. A. 1 Pollingsworth

Dastur, Paul Hodgson, A. E. S. count for the year 1924 will leave Further Miss Jorge Hollingsworths. Miss

Alves,, Ho Ki J. M. Alves, W. Ja satisfactory profits

the American E M. Paterson. Mr. and Mrs.

adjustments on Hawker, E. A. Lees, N. Mathieson, Mr. and Mrs. A. B.

Continent are being effected and Fenton-Raven, Mr. and Mrs. E. Rolicy

we have every reason to anticipate James Heil, Mr. Dovey, Mr. E. S. Carton Miss

will give the Society an improved 11. 4. Fagoy. Mr. P. J. de Rome.

that this portion of our business return. Mr. and Mrs. T. S. Whyte-Smithi Mr. and Mrs. G. Kendail Offver. Mr. and H. Jackman, M., and He did not rest even after bisirs, d. H. Wood, Engineer Fapt,

Wedinke bathe at Repulse Bay, and tiffie. 6. Pullok, Mr. E with the Legislative Council mem Engineer Conr. . 1. Sears, bers as was generally thought, Engineer Captain and Mrs. E. G.

but played golf with the Hon. Mr. A. G. M. Fletcher at Deep Waterf Bay. The reception and dinner (informal) over, he witnessed some of the boxing at Murray Barracks and motored to Repulse Bay again where he dunced until late, returning to Government House shortly after a.m.

In spite of the lateness of the hour of retiring His Royal High- ness was up and on the teatis. court at Governmet House by 7-45 where he played for bout half an his equerry, Lieut. hour with

Halsey.

Shortly after 10 45 the car "of His Excellency the Governor drove up to Murray pier and Prince' George, attired in a light grey cont, flannel trousers and gay felt hat walked to the pier and .ected Sir Claud Severn, Colonial Secre- tary, who had been waiting some ☀ little time. They chatted for a few moments and the Prince **China graciously posed for a Mail" photographer, shook hands with Sir Claud Severn and boarded the "Victoria" which was along. side. He was accompanied on board by Lieut Halsey and Capt. R. A. R. Neville, A, D C. to His The Excellency the Governor "Victoria" then left for the Malwa arriving, about a quarter of an hour The before the boat cast off.

Victoria" did not remain ‘until the Malwa, left and the Prince when he got on board immediately went below.

ሁኔ

Hongkong, May 29.

Blind Sport.

LOTUS.

(To the Editor of the China Mail)

The Chairman said:- Gentlemen,The report and and you will have had time to accounts were issued on May 8 scrutinize our figures. I propose Sir-Is it not "a fact that all this blind following of athletics therefore to follow the usual pro- and athletes, is blinding many to cedure and take them as well as the problems of the age; that the auditors' report as read.

The working account for the whilst thought and time are taken to the following of games, there is 1 year 1928 after allowing for a

HINDENBURG AND THE MAN HE SUCCEEDED.

PRESIDENT- EDERT.

MARSHAL VON HINDENBERG. WHE

Field Marshal Ven Hindenburg, the idol of the German people during the war, was elected President of the German Republic to succeed the late President Ebert... This is his latest photograph, especially, poned in his study,

T

FOULARD NECKTIES

We constantly receive new stacks of these English twill silk bow and wideend ties. The designs and colourings represent the latest from London, whilst the dyes are quite fast. Foulard ties are thin yet strong and alip round the collar easily, making them the ideal ties for hot weather.

Call and see them.

Silk Handkerchiefe tri beautiful colourings are

also being shown.

MACKINTOSH

a CO., LTD... Men's Wear Specialists. Alexandra Building.

Des Voeux Road.

You will notice that the sterling fund shows a slight decrease as equivalent of our silver reserve compared with last year. This is this year being 2s. 8d. as against 2s. 3d. last year. You due to a fall in exchange, the rate

will realize that exchange con- tinues to play its part in the ster ling equivalent shown in our |XXXXXXXXXXXXXXX balance sheet. For example, at December 31, 1923, the Yen ex- change was 28. 2d, and the Gold Dollar Rate 4.33 and on December 31. 1924, they were 1s. 714d. and 4.73 respectively.

our

You will notice that Agency commissions for the year, 1924 show a decrease of approxi- mit £90,000 and charges show

of

trade

a satisfactory decline. The conditions throughout the world during the past year are too well known to you to necessitate lengthy com ment from me but you will appre- ciate the fact that the Society's progress is largely dependent upon general commercial pros- perity and until more favourable circumstances prevail we must re- cognise that a large expansion of our business is not possible.

At the end of 1923 there were indications that rates had reached their lowest point and it was anti- improvement cipated that an

would set in. I am sorry to say that this has not materialized and competition in all branches of in- surance was even keener during 1924 than in previous years and this has forced a substantial re- duction in rates. Marine insur- ance, in particular, has been the subject of intense competition, and in common wiht other under- writers of experience, the Society. on occasions, has found it neces

Pallot, Engineer Lieut. Comdr. and no time left to think of the real bonus to contributors and an The At Home held at Govern- Mrs. Stanley Hocken, Mr. Wm. F. things of life--the problems con- interim dividend of 243. per share ment House yesterday was lar Simmons, Mir. and Mrs. A. W. nected with the work of finan- shows that the balance available gely attended in spite of the

Van Andel, Capt. and Mrs. J. O. ciers, speculators, and all those for distribution is £368,741 18. 5d. weather which necessitated the Carpenter, Mr.

T. Bagram whose game is money first and and your Directors recommend

sary to allow business to pass restriction of the

rather than continue at rates function to (Acting Consul-General for Siam), last? I am not decrying games; that this balance be dealt with indoors, although an attempt was | Miss M. Sloun Miss Noral but I am decrying this pursuit of in the following 'manner.

A final dividend of 168. per known to be unprofitable. The made before the rain actually Wentworth, Professor J. Forster, muscle. There is a greater work started to hold it in the grounds, Mrs. Alexander Mackenzie. Mrs. to be done. in inculcating a right share plus a bonus dividend of 58. competition does not cease at rate HR.H. the Prince was introduced Norman L. H. Railton, and Mesars. spirit in sporting crowds which, to some of the guests and chatted . W. Tan, Li Tee-fong, Li Shun- in one direction, is purely one for a time with them. Owing to fan, Ho Kwong, Mok Kon-sang, sided and not devoted to thought the use of the grounds not being Jr. Wong Li Sing-kui, La Po of hoping the best side will win. A possible the "function was kwai, Chan Harr, Ho Wah-ang, visit to Happy Valley during any minated before the time anti-

Mok Man-chee, B. Wong Tape, football season will

explain what Anthem cipated, the National

Liang Shib-hau, Fang Ping-shan, I mean.."

Yours, etc, bringing it to a close about € 20.

Amongst those present at the re- Ho Kom-tong, Lo Chung-kue, Ma

Hongkong, May 28. ception were:The Hon. Colonial Chui-chui, Chan Tin-shan, Au Lim Secretary (Sir Claud Bevern), Sir teun, Chan Bui-ki To Sze-tuen,

BEHIND BARS. Eric and Lady Stuart Taylor, Bir Trang Too, Wong Ping-sun, Chan Henry and Lady Pollock, Siz Tung-aliang, Li Yik-muf Simon Messer, the Hon. Mr. D. W. B. A.. Li Yon-tson, Mok Ching "BRILLIANT CHANG LESS Henry Gollan, the Hon. Mr. Lee Yan, Au Long-hin, 7. K. Mok, Tratan, the Hon. Mr. and Mrs. and Li Koon-chto

MEDICINE.

BRILLIANT.

our

per share to the old shareholders reduction but has extended to the of the Society and to those share acceptance of liabilities under in- holders of The Yangtate Insur-surance policies that were never ance Association, Limited who contemplated in the pre-war days accepted the Society's offer in of sound underwriting.

BOUND ORGANISATION. " respect of the new shares in the

The I am pleased to be able to tell Society allotted to them.

organization with

that the you together balance dividend received from The Yang- throughout the world is thorough- taze Insurance Association, Ltd. ly sound-and your directors are in respect of shares in that satisfied that when the hoped for Association taken in exchange by revival in trade materializes we the Society will be carried forward shall be in a position to take ad- to underwriting suspense account: vantage of opportunities which This balance is estimated at will then occur to extend our

business.) ***£262,972: P. H. Holyoak, the Hon. Mr. and

An Important person behind. The balance of the working I would emphasize that the Mrs. H. T. Creasy, the Hon. Mr.

hars at the present time is Chan account for the year 1924 stands efforts of our staff will be mater und Mrs. H. W. Bird, the' Hon.

Pih-loong, better known A £508,724 169, 10d, and the Board ally assisted by the direct sup Dr. J. B. Addison, the Hon. Mr.

Brilliant Chang, who was brought and Mrs. Chow Shou-son, Mr.

to the Colony this week to recommends that an interim divi- port of shareholders and your R. H. Kotewall, Mr. and Mrs.

deportee following the completion dend of 24s, per share be paid to directors confidently appeal to Arthur Piercy, Dr. and Mrs.

of a term of Imprisonment to old and new shareholders and the you to give the Society your per John R. Craig, Dr. and Mrs.

England for possession of cacalos, balance carried forward This Boual assistance in this direction. Newton, Mr. Oswald C. Womack,

The owner of a Chicere balance is estimated at £320,924 (Continued on page 9.), Mr. and Mrs. L. H. Hopkins, Major and Mrs. Hattersley Smith; The "Star" Ferry Company, restaurant in the West End of The Board further recommend Mr. and Mrs. F. G. de Rome, Mr. Limited draws the attention of London, Chang carried on his transfer from the re-insurance Jowson, Mr. T. Wallin, My, the public to a by-law which illicit dope traffle with an outward fund, of £27,000 to the credit of and Mrs J.Morris, Mr. W. rendeta, a person liable, the pro- / show of sumptuous living until bis the Sterling Reserve Fund which Jackson. Roy T. B. Powell, Dr. secution for either the actor deeds came to light ufter his will increase this fund from connection with the Freds Kemp- £198,000 to £2222,000 and decrease MONDO the re-insurance fund from AAA Seven Boy de Ale arrampt to enter or alight fa Brada, MA; MUFE the torches while they are ton ca10, 190

Chang Hsien-detained ponder 228,790. 1 34 441,901,798, McPherson, Mr. WK. Beppolda, moving and the use or

rances. Mt AE Hollingsworth, Mr. Luse other than the prop

launches for Chinese Affairs as to the IG: D. R. Blac Mrs. H U or exits provided both c

is to be released. Ireland, Mrs

Cousland, and wharves

MOVING LAUNCHES.

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