1925-05-29 — Page 2

Page

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The

China Mail

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

No. 19,507

LISE

HONGKONG, FRIDAY, MAY 29, 1925.

PRINCE AT TENNIS.

QUIET

GAME BEFORE SAILING. YESTERDAY'S OUTINGS.

Busy Round of Sport and Pleasure. Delermined 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 tefinis early this morning and got on Board about Afteen minutes before the s.s. Malwa, cast off.

"

1

CORRESPONDENCE.

Bathing Beach Mystery,

(To the Editor of the China Mail).

|

THE DOLLAR

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

"KICE, $3.00 Per Month.

INSURANCE RATES.

THE AUSTIN SEVEN.

Catalogues & specifications from Solo Agents':

ALEX ROSS&CO. (CHINA), LTD.

REDUCTIONS FORCED BY UNDERCUTTING.

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.

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 relases landing to any person on, that stretch. of about four hundred

The Hon. Mr. P: H. Holyoak yards of clear beach Between His Royal Highness certainly Mr. S. O, Hill, Mr. and Mrs. W this portion of the beach and the presided over the meeting and obtained both relaxation and Ironside, Mr. W. Grease, Mr 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 come over for Mr. D. O. Russell. Mr. T. G. Weall the "Victoria" he was on the go Luigi Banebio, Miss B. A. Girling fear of being, driven back which and Mr. G. M. Young. M.B.E. practically the whole time, the M. 3. Forthin (French Consul is obvious seeing that lading is (Directors), Mr. Paul Lauder only interval being during the AU Mr. and Mrs. H. Green, he denied unless one goes west. Home at Government House Rishop of Victoria and Mr.

It is up to the people responsible yesterday afternoon and aboutmy, Mr. and Mrs. J. S. for running the beach-I believe it seven hours sleep.

Gillingham, Mr. Walter Brown is the P. W. D. In this case--to tell Major C. Willsons Mr. Corveis de the public why they are debarred Albuquerque-Consul for Portugal), from landing at the pince indicated Mr. and Mrs. W. Jambert, If they do not know the reason, why Miss Duvis, bien. Col and Mrs. then let them ascertain it from the PP Jhayley Bell, Mr. and Mrs. military people with whom they Walter 6. Josiph. Miss R. D. are supposed to have some arrange [Sayer, Mr. 3. Quns Prier, Drment. Surely it would not need Land Mrs. H. P. Minett, Mr. A. many yards of red tape to do this. Ernest F. Kill. Mr. and Mrs. Having personally had a glimpse W. He Newman, Cap G. F. of that haughty naval picket, I for Oxspring, M. Henri du Courthial, one am inclined to question his Ely, and Mrs. W. B. A. Moore, authority. [Mr. A.-1. Tollingsworth and "

Miss Jerce Hollingsworth, Miss E. M. Paterson, Sr. and Mora. N.Madison, Mr. and Mrs. X. R. Fenton-Raven, Mr. and Mrs. Inaus Heid. Mr. E. Handley Dovy, Mr. . S. Carier, Miss 11. Jaces, Mr. F., Rome,

Mr. and Misc T. S. Whyte-Smith Mr. and Mrs. G. Kenneth Oliver. Mr. F. Jackman, Mr. and He did not rest even after his Mrs. R. Wooth Engineer Capt, bathe at Repulse Bay, and tiffin. C. Puku. Ne. J. Wedtake with the Legislative Council mem-Bigier Comdr. TT. B. Sears, bers as

was generally thought, Engineer Paplain and Mrs. E. G. but played golf with the Hon. Mr. A. G. M. Fletcher at Deep Water Bay, The reception and dinner (internal) over, he witnessed some of the boxing at Murray Barracks and motored to Repulse Bay again where he danced until late, returning to Government House shortly after I a.nl.

In spite of the lateness of the hour of retiring His Royal High- ness was up and on the tennis court at Governine it House, by 7-45 where he played for bout half an hour with his équerry, Lient. 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 coat, flannel trousers-and grey felt hat walked to the pier and greeted Sir Claud Severn, Colonial Secre- tary, who had been waiting-s002 little time. They chatted for a few moments, and the Prince graciously posed for a

"China Mai!" 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 Excellency the Governer. "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.

restriction

The

Yours, etc.,

LOTUS.

Rongkong, May 29.

Blind Sport..

To the Editor of the China Mail.)

Sir, Is it not a fact that all this blind following of athletics and athletes, is blinding many to the problems of the age: that whilst thought and time are taken to the following of games, there is

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

(General Manager), Dr. J. H. Sanders, Messrs. He cung. Chau Siu-ki, A. H. Manzie: Chau Tsun-nin, R W. Paulden, E. H. Summers, D. II. Cameron, J. W. Alabaster, V R. V. Ribeiro, M. A. Figueiredo. F. P. Silva, W. F. Gardner, F. P. de V. Soares. Loire commitments. Cheung-shiu, A. H. M. de Silva, B. M. C. da Cunha, V. L. dos Remedios. A. C. Bay. M. A. R, Souza, F. R. Smyth, H. Ruttonjee, G. S. Archbutt, A, W. Hughes, J. Ormiston. Ho. Kom-tong, J. A. Worswick. Leung Yan-Po, J. Arnold, U. C. Galluzzi. R. A. Dastur, Paul Hodgson, A. E. S. Alves, Ho Ki, J. M. Alves, W. J. Hawker, E. A. Lees,

The working account balance for the year 1924 shows a de- crease compared with that of the preceding year. This is primari ly due to the fact that consider- able re-insurance has been effect- ed in respect of our American)

The Chairman said:- "Gentlemen, -The report and accounts were issued on May 8 and you will have had time to scrutinize our figures. I propose therefore to follow the usual pro- cedure and take them as well as the auditors' report as read.

The working account for the year 1923 after allowing for a

HINDENBURG AND THE MAN HE SUCCEEDED.

PRESIDENT EBERT

MARSHAL VON HINDENBERG FE

Field Marshal Van 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 posed in his study.

Largely as a result of this re- insurance the premium income for the year 1924 has decreased by £213,225 12s. 8d., but in conse quence our liability has been very considerably reduced and we are of opinion that the ultimate result of our underwriting ac- count for the year 1924 will leave Further a satisfactory profit. adjustments on the American Continent are, being effected und we have every reason to anticipate that this portion of our business will give the Society an improved. return.

You will notice that the sterling

ENGLISH FOULARD NECKTIES

We constantly receive new stocks of these Erglish twill ailk bow and wide-end lles. The designs and colourings represent the latest from London, whilst the dyes are quite fast. Foulard ties are thin yet strong and slip round the collar easily, making them the ideal ties for hot weather,

Call and see them.

Silk Handkerchiefs in "beautiful colourings are

also being shown. -

MACKINTOSH

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

fund show, a slight decrease as equivalent of our silver reserve ith last year. This is compared due to a fa in exchange, the rate this year

eing 2. 31d.. as against 28. d. last year. You will realize that exchange con- tinues to play its part in the ster- ng equivalent shown in our balance sheet. For example, atj December 31, 1923, the Yen ex-XXXX, change was 29, 2d. and the Gold Dollar Rate 4.33 and on December 2 81, 1924, they were 1s. Tad, and 4.73 respectively.

You will notice that

A

our

I

Agenty commissions for the year 1924 show a decrease of approxi- mit £90,000 and charges show

a satisfactory decline.

trade

The conditions of throughout the world during the past year are too well known to you to necessitate lengthy com- ment from me but you will appre- clate 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- cipated that an improvement 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- 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 Hoeken, Mr. Wm. F. things of life-the problems con- interim dividend of 248, per share ance, in particular, has been the ment House yesterday was far Simmons; Mr. and Mrs. A. W. nected with the work of finan- shows that the balance available subject of intense competition, Rely attended in spite of the Van Andel, Capt. and Mrs. J: 0. ciers, speculators, and all those for distribution is £368,741 1s. 5d. and in common wiht other under- weather which necessitated the Carpenter, Mr. J. T. Bagram whose game is money first and and, your Directors recommend writers of experience, the Society, sary to allow business to pass of the function` 1 (Acting Consul-General for Siam), last? I am not decrying games; that this balance be dealt with on occasions, has found it neces Indoors, although an atempt was MissM. Sloan, Miss North but I am decrying this pursuit of in the following manner,

rather than continue at ites. made before the rain actually Wentworth, Professor L. Forster, muscle. There is a greater work A final dividend of 168 per known to be unprofitable. 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 H.R. H. the Prince was introduced Norman I. H. Railton, and Messrs. spirit in sporting crowds which, per share to the old shareholders reduction but has extended to the to some of the guests and chatted A, W. Tm, Li Tse-fong, Li Shun-in one direction, is purely one of the Society and to those share-acceptance of liabilities under in- for a time with them. Owing to fan.. Ho Kwong, Mok Kon-sang, sided and not devoted to thought. holders of The Yangtazo Insursurance policies that were never the use of the grounds not being. M. Wong. Li Sing-ku, Lá Po of hoping the best side will win. A ance Association, Limited who contemplated in the pre-war days possible the function was kwai, Chan Harr. Ro Wab-sang, visit to Happy Valley during any accepted the Society's offer in of sound underwriting. miuated before the time adth Mok Man-chee, B. Wong Tape, football season will explain what respect of the new shares in the cipated, the National Anthem Liang Shih-heu, Fung Pingahan. I bringing it to a close about 6 20.

Amongst those present at the re Ho Kom-tong, Lo Chungkue, Ma ception were:-The Hon. Colonial Chai-chur, Chan Tin-shan, Au Lim- Secretary (Sir Claud Severn), Sirtsun, Chau Sui-ki To Sze-tuen; Eric and Lady Stuart Taylor, Sir Tasang Too, Wong Ping-san, Chan Henry and Lady Pollock, Sir Tung-shang, Li Yik-mut. Simon Henry Gollan, the Hon. Mr. Mol. Tae Yan, Au Long-hin, . K. Mok, Messer, the Hon. Mr. D. W. B. A. Li You-taan, Mok Ching."BRILLIANT CHANG LESS Tratman, the Hon. Mr. and Mrs. and Li Koon-chan.

P. H. Holyoak, the Hon. Mr. and Mrs. H. T. Creasy, the Hon. Mr. and Mrs. E. W. Bird the Hon: Dr. J. B. Addison, the Hon. Mr. and Mrs. Chow Shou-son, Mr. R. H. Kotewall, Mr. and Mrs. Arthur Piercy, Dr. and Mrs. John R. Craig, Dr. and Mrs. Newton, Mr.. Oswald C. Womack,

MOVING LAUNCHES

FERRY COMPANY'S WARNING.

mean.

Yours, etc...

MEDICINE.

Hongkong, May 28.

BEHIND BARS

BRILLIANT.

A

SOUND ORGANI`ATION.

*

R

Des Voeux Road.

HOT WEATHER

NEED NOT WORRY

ONE

WHEN YOU CAN

OBTAIN

ICE COLD

DRINKS

AND

DELICIOUS

The

ICE CREAM

I am pleased to able to tell Society allotted to them. The balance together with

the you that our rganization 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 £262,972.

business. LO

An important person behind. 1 The balance of the working I would emphasize that, the hars at the present time is Chan account for the year 1924 stands efforts of our staff will be mater Psh-Idong, better known as Brilliant Change who was brought £2506,724 168, 10d, and the Boardially asslated by the direct aup recommends that an interim divi- port of shareholders and your to the Colony this werdend of 248 per share be paid to directors confidently appeal to

deporten following the completion

OFF FOR THE SUMMER

VACATION:N Tirst in the AVENT "bott) of Christ,#16"*" Colle:

of a term of imprisonment in old and new shareholders and the you to give the Society your per England for possession of cocaine, balance carried forward. This sonal assistance in this direction. (Continued on page 9.). (1 Mr. and Mrs. L, H.. Hopkins, In an advertisement elsewhere, The owner of a Chinese balance is estimated at £820,924. 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 a transfer from the re-insurance Jowson, Mr. T. Wallin, Mr. the public. to a by-law which illicit dope traffic with an outward fund of $27,000 to the credit of and Mrs J Morris, Mr. W readers a person liable to pro-abow of sumptuous Hying until his the Sterling Reserve Fund which Jackson Red Panell Diecution for either the cor deeds came to light after his will increase this fund from

visor with the Freds Kenp: 2198,000 tis £222,000 and decrease" "Darhoea Resély ——— TRAIEMEN AG. M. Severn, Rev GM attempt to enter or slight from 1991 Spada MA ME I I. their Lennches while they are ton McPherson, Mr. WK. Reynolds, moving and the use of attempt MEA H. Hollingsworth Mr. Luse other than the proper GD R. Black Mrs. H or exits provided bolb co launc Traland Mr A. BAD Grusland, and wharve

theft-re-insurance cafund.

798. Is: 1d to $1,901,798,

and

bthink you will agres that:

cratiopy" and disrzhou.. PERKY ZÍ, AHÍGine.” Coats

“has: come to strengthen imod (taiprion for a single dose-

MORINAGA'S

SODA FOUNTAIN

Asiatic Bldg. Tel. C. 4702