1930-05-16 — Page 9

FRIDAY, MAY 16, 1930.

LAWN BOWLS.

Prospects for the Games To-morrow,

SOME STIFF HURDLES,

[By "Short Bend") Having reviewed last Saturday's gunes in detalis in Tuesday's issue of the China Mail all that remains for to-thuy is to attempt to write of the prospects for to-morrow, when Ús series of stiff hurdles are on the

programme in both Divisions.

tion Club.

son, but they will find some stern | stuff in yachting circles to-morrow.

Taikoo v. Club de Recreio. When these teams met last season the Talkoo' Club won by the hand- some score of 74-38, and there sems no reason why they should not secure both points to-morrow. They did not go‘under, very bailly a week [ago against the Civil Service, against whom the Club de Recreio rude a bad show even at King's Park. Still, if the latter can tie down the Talkoo to ones and twos they may make a better display than what appears likely on paper.

Electric Co. v. K.C.C.

|

THE CHINA MAFL.

CANTON INSURANCE

OFFICE.

MEDIOCRE YEAR IN 1928.

It would

*

DIVIDENDS SATISFACTORY

At the annual general meeting of the Canton Insurance Office, Limited, held in the officca. of the Company this morning, the Chair- man, Mr. J. J. Paterson, stated that the statement of accounts for the First on the official card is the

year 1928 fully bore out the Kilme between the Civil Service

The Electric Co. so far do not ap-mediocrity foretold by his prede- Cricket Club and the Palice Recren-pear to have settled down to that cessor at the same time last year. not be possible, he This game was won by form that created so much enthus- the former last season by 5818. insm in their ranks toward the end added, to give any sort of hopeful This season the Civil Service have of last season, as they have already. forecast as to the future of marine senred 39 and 56 shots, respectively. lost both of their fixturea. The insurance.

Commerce" generally whilst the Police aggregates, are 46 | K.C.C., on the other hand, have bent- was at a low ebb throughout the and 38, respectively. On these en Craigengower away and gone world, the only bright spot being Agures the Civil Service ought to down to the Bowling Green Club at the hull market in London, which wih, particularly as they are sticking home. When the Kowloon C.C. had more than held its own.

The surplus to be to the sante rinks, with the exception visited East Point Inst season they

dealt with of an unavoidable change in Brawn's lost by 65-18. To-morrow they

was $926,019.40, out of which an rink. They would be well advised, will be without one of their regular interim dividend of $18 per share however, not to take their near skips who has been placed No. 3 in had been paid. It was now pro- posed to pay a final dividend of neighbours lightly, as the latter have one of the First Division rinks. A been known to win even at Taikoo close game may be prophesied here. $27 per share, transferring in a season when few other Clubs

balance of 8476,019.40 to Under- could boast of this feat.

writing Suspense Account. The balance at credit of 1929 Account would allow of the payment of the usual interim

K.C.C. v. Kowloon Dock R.C. Having defeated the Bowling Green on their own ground the K.C.C. should be hopeful of the out- Come of their masting with the Kow loon Dock R.C., especially as the lat ler have already lost two hatches. Much will hinge on how the rinks are drawn out of the hat, for it arena a game in which match ten perament will enter into it a great deal.

The K.C.C. have lost Gibson. and Lionel Lammert will come back us skip, whilst Clark Atkinson is to skip-que of the Dock rinks. On paper the teams seem well matched. Last season the Dock won by 72- 49, but they will have to improve on this season's aggregates of 44 and 19, respectively, to expect to repeat the dose.

K.B.G.C. v. Craigengower,

As

TO-MORROW'S TEAMS.

Division I.

Talkoo RC-J. C. Chalmera, J. Poison, J. -Russell and W. Wotherspoon (Skip).

J. E. Chapman, T. Grimes, G. acLeod and N. Drummond (Skip). J. Sloan (Sen.), A. Stalker, J. Laing and R. Wallace (Skip)..

K.C.C.-F. Goodwin, H. Overy, (Skip). J. C. Lyal and L E. Lammert H. Gittins, C. J. Tacchi, A. Hyde Lay and J. Fraser (Skip).

A. C. Burford, J. Howe, B. E. Petherara and A. E. Silkstone

(Skip).

for that year.

ย

Chairman's Speech. The Chairman, in moving the adoption of the Report and counts, said—

Ac-

Humphreys, T. E. Pearce, and A. H. White, be re-elected. together with the Chairman, to form the Consult- ing Committee. This was carried unanimously.

Looking ahead, I wish it were possible for me to give you some sort of hopeful forecast as to the future of marine insurance, but that is out of the question. As you are well aware, Commerce The retiring auditors, Messrs. generally is at a low ebb in every Lowe, Bingham and Matthews, and part of the World and such a post- Percy Smith Seth and Fleming, were tion is speedily felt in insurance re-elected on the proposal of Mr. Lo circles; not only is there less bust-Cheung-siu, seconded by Mr H neas to ge.round but such shortage Leung. increases the scramble for busi- ness with the result that rates yo from bad to worse.

י,

Ho

were

HONG KONG STOCK EXCHANGE.

9

Opening Daily Official Quotations 16th May, 1930.

Buy Sell

STOCK

Banka.

Sates Not Pia,

ers ON

|0

Last dividend and when palj

Hong Kong Bank .....31425 Chartered Ban Mercantile k., Asi

.C.

Thase Present, Supporting the Chairman Sir Robert Ho-tung, Messrs. A. II. Compton, H. Humphreys, A. H. White, and F. C. Hall (Secretary). | Bank of Asia £16

Shareholders present were Messrs. J. H. Taggart, J. H. Seth, L. S. Greenhill, M. H. Turner, A. H Rumjahn, P. 'S. "Cassidy, M. H. Lo, Ho Kom-tong, Lo Cheung-siu and Ho Leung.

A Bright Spot. The only bright spot, at the mo- ment, is the hull market in London which, thanks to a capable guiding hund, has more than held its own. An underwriter's lat, in these days, is not a happy one he has either to retain his business by cutting rates to a level which, he knows full well, must prove to be unpro- fitable or see constituents go past him, never to return. As advised from the Chair last May, steps

Tai Hang Village acethed with ex- were to be taken to reduce sub-citement this morning, when a shout stantially the account written by of "are, fire" went the round at the Company in London; this has 11.30 o'clock. now been done and, Judging by the showing after 12 months, the result Is likely to prove satisfactory.

of

TAI HANG FIRE.

An alarm was sent to the Cen- tral Fire Station, and when the ap pliances arrived on the scene, the usual crowd of Chinese had gather-

Working Account. Working Account for the yeared. The fire was in the cook house on the second floor of a Chinese 1929, after twelve months, shows a

Only one hydrant fall in premium of approximately tenement, house. dividend of $18

$100,000 but the balance

was used, and the fire was soon ex- $1,012,581.53 carried forward is tinguished. nearly $75,000 more than that for the year 1928 at the same period. This increase in balance has re- The statement of accounts for sulted in spite of the heavy cur- the year 1928, which we now pre-tailment effected in London and, if sent to you, fully bears out the only for this reason, we are in- mediocrity foretold by my predeclined to be optimistic as to the ceasor at this time last year. Com- ultimate outturn of this Account, the 1927 Account, the following paring the figures with those for as at December 31, next.

approximate differences are found:

cent. as

The surplus of $926,019.40 is $160,000 less; the Premium Income is $330,000 higher; the Loss Ratio cs.cc.-E. w. Simmonds, H. stands at 71.96 per Westlake. J. Hollidge and A. W. against 66.73 per cent.; the Ex- Grimmitt (Skip).

Jus. T. Dobbie, L. E. Long-pense Ratio is 20.80 per cent. as bottom, G. C. Moss and J. compared with 19.57 per cent., and Gregory (Skip).

the Underwriting Balance is 1.24 per cent, as against 13.70 per cent.

F. J. Jones. S. . E. Alderman, E. L. Holland, and A. O. Brawn (Skip).

Reserve: Willmott.

(Skip).

F. C. Goodman, G. Henderson, J. McKelvic. and C. Atkinson (Skip).

Division II.

So far the Bowling Green Club have last one match and won one; whilst the Craigengower C.C. have won both their fixtures. A year ago the Bowling Green went down on their own ground by 68-42. neither Club's Bowls Convener has Kowloon Dock RC-W. Greig, been "educated" into bending in his A. M. Calman, F. Collen, and teams for publication before the W. M. Johnston (Skip). tive rinks can only be a matter of W. P. Hedley and R. Lapsley teh, the personnel of, the respec- fl. G. Cooper, E. Docherty, conjecture. Taking a line between the matches against the Kowloon Dock B. C., which both the Bowling Green Club and the Cralgengower C.C. won the latter away) there ought not to be many shots differ. ence at the close of play to-morrow. Club de Recreio v. Taikoo R.C.

Both these Clubs have won a match and lost one, so that they are or level terms on the League table so far as points are concerned. year ago the Club de Recreio won by the handsome margin of 71-61. Taking a line through their respec- tive games this season with the Civil Service the Talko Club should be six points better-thus, the Civil Service defeated Taikoo by three shots and Rerreto by nine shots. The theory may sound well on pape:' but-theories are so often knocked on the head netual play that they are dangerous things at the beat on which to rely.

A

Second Division. The Craigengowor second atring are at home to the Bowling Green Club, whom they defeated last sen- son by 62-53. They have already been defeated this season on their own ground by the K.C.C., whilst the Bowling Green Club have won both their fixtures so far. Here again I know nothing of the selected teams owing to the silence of the respec tive, Bowls Conveners, so nothing is to be gained by taking a leap in the dark and "tipping" either one or the other to win.

K.C.C.-J. Smith, J. S. Dinnen, T. Carr and L. J. Blackburn (Skip).

W. Borrowman, L. A. Jeeves, W. W. Hirst and V. C. Labrum (Skip).

O. B. Raven, F. E. Lawrence, D. A. Purves and J. M. Jack (Skip).

Electric Co. RC.-S. J. Clarke, D. S. H; J. F. Lunny and W. H. B. Muskett (Skip).

W. Stoker, G. T. Padgett, F. F. Duckworth and H. Hatch (Skip). A. Tarbuck, E. Thompson, L. de Rome and A. F. Paul (Skip).

Reserves: V. Sorby and H. S. Jones.

Talkoo RC-C. Summers, T. Stainton, W. Bell and R. K. Duncan. (Skip).

W. Cunningham, W. Brown, S. Amery and J. J. Whyte (Skip).

J. Sloan (jun.), T. Swan, G. H. Stewart and D. Walmsley (Skip). Civil Service C.C.-F. H. Hold- man, R. R. Wood, J. W. Denkin, and F. H. W. Haynes (Skip).

H. Strange, Luck, R. E. Davies, and W. E. Hollanda (Skip).

L. R. Whant, W. J. Bickford, A. E. Murphy and R. Taylor (Skip).

Reserves:-Dobson and Knight.

LEAGUE TABLES.

Exchange Reactions.

I would also call your attention to the fact that income from in- terest stands at $611,726.89, as against $537,695.09 for the year 1927; an increase of $74,031.80 which is wholly due to the fall in that the higher figure will be main exchange. It is unlikely, however,

tained in Its entirety owing to the; present difficulty of Anding em- ployment for our Silver Assets on the previous lucrative scale.

the usual tale of disasters of ship The year 1929, beyond bringing

ping, was unproductive of any thing sufficiently outstanding to call for special comment by me.

Balance Sheet Items. An analysis of the balance sheet shows that while the total of our

CO.

GOODYEAR

President on Canadian Earnings.

Mr. C. H. Carlisle, president and general manager of the Goodyear Tyre and Rubber Company of Canada, discussing conditions in the half-year ended March 31, says: "The company earned the entire year's preferred dividend and 70 për

cent. of the common." He anti- cipates an improved final balf-year.

Insurances.

Caston Ins......$1000 Union Ins. $4483 China Underwriters...5 1.80 China Fire in......$955

H. K. Fire 025

Shipping.

Dougiaics

(Def,...$

ཕླ::

H. K. Steamboats ...$ 234 Indo-China (Pref.) ...$'

Shell Transports....}~ Union Waterhot....$39

Mising, Benguela..........

Kailan Mining Ad. sf- Langkat (Comb.)...Th. (Single...Th.

S'hai Exploration...Th. Loans..... .Th.

19

Raubs

Tronah Mines .........

Docks, Wharvos, Godowns, &c.

་་་

!!!

1430

(17)

: 583;

Doc.] Fuad 441/0 1992) Decimal bus f

*ex. 1/74-11.2)} | Feb. 24, 30. Tres Tax ale 19. Apr. 2. 3.

(Plr. 99/-)

Deo. #s for 1039,.

22 lome UTax... Apr, - B

Feb. 19, 30

7 for 19981

interkul 19. May 10, 30 interlin 24p aje ivai} -4a ... Pending

Dec, Kim, W. for 1928;

Doc. None

(Plz 36]

Dec. fus 10.

(Talestin gil n/a 1990)

-ais... Pending

Dec. 47 fur 1928.3far. 28, 80

Deo.

+24

*489/425) 1.65/80)

***

24+

***

A

.

+

+

Dee, #1-50 for 12

$3

10

Dec.!! for 12 and 1925

மமுன்

Lant Hekimtell for 1087,

+

06/0

147

*

*

ויח

-M

Mar. 4,30

June 19, 20

Jan. 8, 80

Mar. 10, 80

(ser, Lank slividend for 104)........

101. 2 on preferred

Dec. Int. Coupon No, 18 tesaj

1 TB/C Wal

Dec. 8-30 for 10

Dec. Inter 14 centaron af 1999... Apr. 30

41/8Jimenal 3- from Ta

1Coupon No. 25 year 300-| | Dec. 17, 20

[1.16 Dec. None

13.10

... 7

Oct.. Ir year i

++

5.65 Dec. Tant diridon for 103,

|21|

+M

FAL

... 21-Dec. Entetica eft, las

H. K. & K. Whervon..$ 184

Pending

Mar. SecondIn, Tr51-3-Mar. 25,90

(188/18-11185) Dec, far 19.

39/40

H. K. & W. Dock...$ 59} China Pravicients... 6.20 0.20 0/8.08 Hosgkews...Th. 260

N. Engineerings...TI. 8 Shanghai Docks ...Th.

Cattan Mill..

Ewo Cators...... S'hai Coton (old)..Il. 26

די

Deo.hu dirilem for 1920pt the Dec.Lant difiziert für 1924......

Dec. Pinal T, 12 / 1929

Apr. 2.5,61 for year 4

Mur, 81,90

Mar. 18, 80'

1

***

***

Dro. T. 0.51 for 1920,

189

Mar. 81, 80 +mume. Føb. 25,30 July 2, 29

14.30

A

Der. Final T. ale 19 Mar. 17, 50-

(Apr.

Oct.

anda

1-95 now

for half year

31-1

Nur, 28, 29

*

io

***

Jane T. 101 for zwas A&M,

Oct. 11, 29

(new)..Th. as *

Zoong Sings Th Lands, Hotels & Bailding..

Commenting on the general con- ditions, he points out that the six months' motor production fa down 31 per cent, and domestic fyre pro- duction is down 28% per cent. The pay-rolls of 15 leading Canadian in- dustries are all down as compared H.K. & S. Hostela ...$ with January, 1929.

H. K. Lands..........$ 184

assets, as expressed in sterling, has fallen by £134,000, as compar- ed with that for the previous year, in Hong Kong dollars they show an increase of over $1,100,000; these fluctuations being due to the fall in exchange from 2/-4, the rate ruling on December 31, 1928, to that of 1/72 as on December 31, 1929. The Investment & Ex-

resulting from the fall in the dian products valued at $75,000,000 H. K. Realties 10.00 change Fluctuation Account shows He refers to the increase In the Shanghai Lands ....Tis, 1972 a shrinkage of $425,000, this United States-tariff affecting Cana-Humphreys 3 14.90 market value of our

sterling annually and the high duties placed Chinese Estates........ securities on December 31 last, as on wheat by several European coun compared with quotations ruling tries. He concludes: "Taking this at the end of 1928; It will interest fact into consideration, our market- you to know that a very large part ing problem is one not easy of solu of this sum has since been regain- tion. Other countries are enacting ed owing to a recovery in prices.

measures for, protecting their people Reinsurance Fund is up by and Industries. Canada must look $550,000 also Underwriting Sua

to the development of her pense Account by approximately domestic trade." of $320,000.

0

Shots For and Against.

For Aget Up Dr.

01 Crnigengower C.C. 121 30 Taikoo R.C. .127 37 Clab de Reercio

30 0 ..131 102

ច 20 Civil Service C.C. 115 103 12 Kowloon C.C......119 120 0 1 Kowloan B.G.C...116 121 ด 6 Kowloon D.I.C.

0 93 117 Police R.C.

84 155

0

Division II.

Kowloon B.G.C. Civil Service C.C. Yacht Club Kowloon C.C..... Cralgengewer C.C. Taikoo R.C...... Giub do Recreio Electric R.C.....

24

71

P. W. D. L. Ft.

0

0

0

0

Shols For and Against..

For Agst. Up Kowloon B.G.C....149 .88 61 Civil Service C.C. 147 111 63 60 Yacht Club Taikoo R.C. Kowloon C.C.

02 71 116 127 Craigengowar C.C. 109 126 Club de Recreio ..109 139 Electric R.C...... 98 131

WHIST DRIVES.

A Big Surplus. The surplus to be dealt with is $926.619.40, out of which has been pald

an Interim dividend of $18

per share. We now recommend the payment of a final. 4 dividend at the increased figure of 27 per share and the transfer of the balance amounting to $476- 019.40 to Underwriting Suspense Account, to close 1928 and previous years. The balance of $1,912,581.53 at credit of 1929 Account, allows of the payment of the ususal interim dividend of $18 for that year.

I'do not think there is anything further that calls for special réfer-

more

EXCHANGES

TO-DAY'S QUOTATIONS

On London-

Bank, wire

1/5 7/16 Bank, on demand... 1/5 2 Bank, 30 day's sight. Bank, 4 months' sight 1/6 Credito.

aight Documentary, months sight

On Paris

4 months'

ence but I shall be pleased to answer On demand

to the best of my ability any ques-Credits, 17tions arising out of the Accounts which shareholders may wish to put after the accounts themselves have been duly seconded,

The weekly whist drive held at the Police Recreation Club last evening resulted in the prizes being won as under:

The positions in the League to Mre. date are:-

Division, I.

I now propose the following re- solution:-

"That the report and accounts, as presented, including the payment

of a final dividend in respect of Wire

the year 1928 of $27 per share and On demand

It

M

***

13.30

Dec. 20 ounlafur 1029,

Apr. 7, 80

80/85

Doc. Final al 1900.......

Feb, 13, 00

Vec. Final Tone 1920,

Mar. 12,80

May 7, 30

11

Hi

08 14

...

Public Utilities,

Peak Tram (old)....$ 11 H. K. Tramways ....3 201

(new)....$ 0.05 sur Fenies Chisa Light (uld) ... ast

......$190

(SCW)...$28 H. K. Electrics......$70 Macao

......$ Sandakan Lights ... H.K. Telephones ......$ 101 China Buses... (107 S'poreTractions(Ord.).

1P

Dec. cents for 1920,

lec. Faltomte ale 1999. Mar. 21, 80

Fob. for your 25-520 ..................... June 5, 29.

Dor. Plecontenfo 1923

150 ota on new 4

eso....... May 19, 60

Mar; 19, 80

201201

Mar. 18, 80

Apr.fel on

oldt for your

June, 7, 39

35/80 (28.80/2010)

70)

Dos. $ for 1222 Sept. Int. 25 etaje y Dec. 50 for 199

Feb. 14, 30

78

Dec.

FINLAND

18*

10-

(Frel.)s).

Sub

***

Industriale.

China Sugar....$ Malabon Sugars ............$ Calds Macg. Ord...Th.

IM

www

Fref...Th.

-

th

June None

Dec. Final reste 10 nr. 18,80 Doc. T. 6.6 fur

***...............Feb. 21, 20

19/6 Sent, on preference slate Feb. 6, 30

"Hubjort zu lacomTA ULE........

1.10

10.70

1: ''ཀིཾཉྩི ཝིཝིཌམྦཱཔི;

Canton Eces Cemena (comb.) kerać

(old).....511.10 (new).....}

H. K. Ropes $ 9.10

United Asbestos....$5

Stores, &c.

Dairy Farms ..........$ $28 Waste

Der & Wings

|16,60|110|800

201 (2013)

34

**

...

81

བྷིཡྻ། ཚེསྶ

די

Fa Liquidation.

Apr. 11, 99

Dec. Ps. 3 fur 1958

Dec. 1onths 1920. Apr. 80, 80

July Nose

.

Deo, coats on old for 1929 Mar. 19, 30

104 contana new)

Doc. Last dividend for 2924............

1:

--

Dec. $1,50 for 1000

---

Stand

Mar. 14, 80

12

Oct. To conte har year 31-10-29, Mar. 81, 80

....Fab. Last livideix for year 25-%-20

Feb.fr year -

HOM

2.66 Feb. 25 cents for year 28-2-29 June 10, 20

Dn.

38

A

a 0 0 11

0 90 0.03

1/6.7/16 4

1/6 9/16

90214

4 months' sight

On Berlin On demand

On New York-

977

Lane Crawfords

On demand

352

Mackinths.....

Crédits, 80

Bight

days'

87%

Sincere

On: Bumbay.

Wm. Powell

98

98

Miscellaneous.

an interim dividend in respect of On Calcutta-- the year 1929 of $18 per share and Wire the addition of $476,019.40 to Underwriting Suspense Account, be adopted and passed."

H.K. Amusement....$101

98

H. Consuuctions..$1.70

On demand

98.

On Singapore

B. Ind. G. Bonds...69% H. K. Gort, Loans...$%

***

On. demand

6234

Prom

Un Manilo

On demand ......

71

On Shanghai-

On demand ..

78

(per tael)

paper)................

On Yokoham----

71%

A. H. Compton, L. Dunbar, Henry Gold Leaf, 100 five

buying rate)

18.28 Silver (per os.) ... 19 Bar Silver in Hong

Kong

%%% prem.

BRINGING UP

FATHER

Ladies.Ist, Mrs. Bloor; 2nd, Glendinning; 3rd, Mrs. Alderman. Men-1st, Mr. Smith; 2nd, Mr. Thorpe; 3rd, Mr. Whelan. Hidden number, Mr. Gregg.

It is notified

Yacht Club v. Civil Service. The Yacht Club are favoured by being at home for the second Satur- day in succession, when. they will make a big bid to turn the tables on the Civil Service, who won last sen- son by 60-56. The Yacht Club did Craigengower C.C. a not impress too strongly a week ago Civil Service C.C. Z when they got home against the Taikoo R.C..... Club de Recreio by only three shots, Club de Recreio... but this fact ought to put the Civil Kowloon C.C. Service on their guard and make every wood a winning one right from the first head. The latter have already won two matches this sea- (Continued at foot of next Column.)ing at 3.80 p.m.

W. p. L. Pts.

0 2' 0

0

0

0

1

1

Kowloon D.R.C. Police R.C.

0

2

D

Kowloon R.G.G.

0

Other Business.

The resolution was seconded by that the whist Mr. J. H. Taggart, and carried un- drives arranged for the first animously. Tuesday of each month at the P.RC. in aid of the Ministering It was proposed by Mr. M. H.80 day's sight (private Children's League (Police Branch), Turner, and seconded by Mr. Ho will in future be held on the first Kom-tong, that the retiring mem- Wednesday of each month, start- bers, Sir Robert Ho-tung, Messrs. On demand

Sovereigns (Bank's

Mar

April 11,59

($2.50 an Preferred) for year 11.60 on Deferred) ri- July 8, 19 Dod. NODE

www.***

Interest half yearly

Nominal 8% premi

Copper. Cash Copper Conte

Rate of Native Inter-

est

5% p... Chinese Sub. Cola. 28% dia. Hong Kong Sub Coln 4% dis

DO YOU KNOW that by paying H.K.$150.00 down

and H.K.$27.00 per month for a limited period

you can become the proud owner of a

GENERAL ELECTRIC ALL STEEL REFRIGERATOR

on view at —

The Hong Kong Electric Co... The General Electric Co., Ltd.

Wm. C. Jark & Co. Ltd.

and;; Anderson Meyer & Co. Lid.

NOW LOOK AT THAT SAP THROWIN” DOUGH-NUTS

AMUSE HIMSELF

TO

• HOPE: DON'T HAVE TO BE INTRODUCED TO HIM- 1'0

HATE HIM EVEN IF Í

LIKED, HIM ·

·3:29

OH. IM

SORRY

SIR-

AN APOLOGY: AIN'T GONNA DO ME EYE ANY GOOD WAIT TILL › GIT ME HANDS ON,

YOU-

BUT. LISTEN-