1932-05-19 — Page 6

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FOR SALE

FOR SALE Hong Kong $ Directory Publishers, 8A, Wyndham Street.

"COASTWISE.”—An interesting book of cartoons depicting "Happening" on Price $1, on sale the Chins Coast st the "China Ma!" offices, ЯA, Wynd- Lam Street,

AN INTRODUCTORY HISTORY for schools by A. H. Crook. W. Kay and W. L. Handyside. Price $1, on sala at the publishers. Newspacer Enter- prise, Ltd., SA, Wyndham Street,

MISCELLANEOUS.

YOUR VISITING CARDS neatly and promptly printed."China Mail Once, No. 3A, Wyndham, St. Tele- phone 20022.

TUITION GIVEN.

NEW

ADVERTISEMENTS.

G.

R

PUBLIC AUCTION.

ARTICULARS & CONDITIONS Por the Sale by Publle Auction

to be held on MONDAY, the 23rd day of May, 1932,

at

3 p.m. at the Offices of the Public Works Department, by Order of His Excellency the Gov- ernor, of one Lot of Crown Land at Tai Hang Road, in the Colony of Hong Kong, for a term of 75 years, with the option of renewal

at a Crown Rent to be fixed by the Surveyor of His Majesty the King

for one further term of 75' years.) PARTICULARS OF THE LOT.

Adjoining Inland

No. ofgale.

Begistry

Locality.

konanny

*juste fore

Upest. Prico

we † handal Renta

THE

CHINA MAIL.

Yeung Wo Hospital's New Wing

Yesterday's Opening Ceremony By Mrs. Kotewall

SMALL

BEGINNING TEN YEARS AGO

Mrs. R. H. Kotewall yesterday afternoon per- formed the ceremony of declaring open the modern and well-appointed new wing of the Yeung Wo Hospital at Happy Valley. There was a large gathering present, the majority being Chinese. In consequence the speeches were in Chinese.

The function opened with a group photograph being taken of $ the prominent members of the gathering together with the Direc- tors and senior member of the par whie pisz. 30,num Staff of the Hospital.

2. ft. About

Speeches were then made by Dr. Li Shu-fan, Chairman of the Direc- tors of the Hospital, and the Hon. Dr. R. H. Kotewall, C.M.G., LL.D.. after which Mrs. Kotewall declar- ed the new wing opence The gathering then inspected the build- COMPANY MEETINGS ing and refreshments were later served in both the front garden and the roof garden.

UNION INSURANCE SOCIETY

OF CANTON, LTD. Incorporated in Hong Kong.)

NOTICE TO SHAREHOLDERS.

TOTICE IS HEREBY GIVEN

NOTICE

that the FIFTY-NINTH OR

оп

By Order of the Board.

PAUL LAUDER,

General Manager. Hong Kong, 30th April, 1932.

THE CHINA FIRE INSURANCE COMPANY, LTD. (Incorporated in Hong Kong.)

NOTICE TO SHAREHOLDERS.

NOTICE

CHAIRMAN'S SPEECH.

Dr. Li Shu-fan said:—

As Chairman of this hospital I am greatly moved by this ceremony which I regard as a red-letter day

in our history.

women

Original Directors.

to

sa ac-

ал

is to a large extent due to its ac- cessible and yet quiet location, I and its beautiful commanding views of Happy Valley and the Race Course. Perhaps to no leas extent is its popularity due to the fact that we study, and cater for, the needs of our patients to the very best of our ability.

-,

Unique Growth.

I think the growth of this in- stitution is unique. Whereas we commenced work with 28 beds and nursing sisters in 1922, we have. to-day 10 sisters and 17 nurses; with 67 beds besides 27 privata wards In the New Wing. This gives us a total of 94 beds.

In fact, to be exact, the life his- tory of this hospital is only 91⁄2 years, and the actual working period is even shorter by 16 months. The memorable heavy rains of June were responsible for the complete 1925 and the early part of 1926 shutting down of the hospital for

16 months, as the wards and other

rocka, debris, etc.. premises on the ground floor were washed down from the vicinity of

choked with

Stubbs Road. Even the garden

Nurses' Training School. In the Summer of 1927 we es-

SHARE MARKET.

Prices Gradually

Hardening.

The official summary issued by the Stock Exchange to-day states:

There is a steady stream of buy- ing orders coming into the market, and prices are gradually hardening in consequence.

ful.

THURSDAY, MAY 19, 1932,

CHINA UNDERWRITERS LIMITED.

Debit Balance Reduced

:

by $7,553.

HEAVY DEATH CLAIMS.

Mr. Robert Shewan presided at Supplies, are not any too plenti- the annual meeting of the China

Sales.

Union Insurances. $470. Hotels (Cum Righta).. $12.90. Hong Kong Lands, $77%. Hong Kong Electrics, $741⁄41⁄21⁄2. Lane, Crawforda (Old), $6.60.

Constructions (New), $14.

Buyers.

Bank of East Asia, $114. Canton Insurances, $1,250. China Fire Insurances, $590, Union Waterboats, $20. Benguets, $154. Raubs, $37.

Benguet Explorations, 31 cents. Wharves. $143 Docks, $182.

Providents (New), $2.20. Hotels (Cum Rights), $12.80. Hong Kong Lands, $77. Shanghai Lands, Tls. 274. Humphreys, $15.

Hong Kong Realtys, $11. Ewo Cottons, Tls. 13%. Hong Kong Trams, $21.40. Peak Trams (Old), $16. Star Ferries, $911⁄2 Yaumati Ferrios (Old). $322. Yaumati Ferries (New), 31%, China Lights (OM), $2014. China Lights (New), $20. Hong Kong Electrics. $74. Macao Telephones, $24. Telephones (P.P.), $23.80. Cantor Ices, $5.

Cements (Comb.), $18. Hong Kong Ropes, $13.70. Watsons (Old), $13. Watsons (New), $13.20. Mackintoshs, $192. Constructions (New), $1.70. Wallace Harpers, $12.

Sellers,

China Underwriters, $4. South China Motors "B", $12. Providents (Old), $6. Hong Kong Ropes, $14.

Underwriters, Ltd., at noon to-day,

and reported with regard to the marine, fire and general business of the Company that the balance to the debit side of the Proft and Loss account has been reduced from $89,660 to $78,007.

With regard to the life assurance business, applications were receiv- ed during the year amounting to | $3,734,906. Life policies were issued for $3,354,774 at annual pre- miums of $198,136, and applications for $195,294 were declined.

Chairman's Speech. The Chairman said:- Gentlemen,-We have now pleasure to lay before you our Report and the Accounts for the year ending December 81, 1931, and as these have been in your hands for the required period I will, with your consent, tako them as read.

the

UNITED STATES WANT BEER.

But Senate Has Other Opinions.

Washington, Yesterday. In spite of the great "pro- beer" demonstrations through- out the United States on May 14, the Senate to-day rejected a proposal to permit the manu- facture and sale of beer of 2.75 alcoholic strength: Reuter's Special Service.

remunerative; and, further, to the conversion of Gold premiums to Silver at the new rate of exchange. Actually excluding the Treaty in- come referred to, the premiums remained steady.

Marine Claims at $158,657 show a decrease as previous year and, although the compared with the

reserve appears, less at $162,942, it actually bears a higher ratio to the premium income than last year. This account, although still very small, is, I think, in a healthier. condition than it has hitherto been.

Fire Insurance Premiums. Premiums in the Fire Insurance Department at $107,023 show a de- erease mainly due to the operation, of exchange Claims at $56,891 show a considerable decrease BA compared with last year's figures of $114,950. The reserve, therefore,

In the Accounts Silver Currencies have been converted to Hong Kong dollars and Gold dollars, Pesos and Guilders and other Gold Standard shows Carrencies to Sterling at the car rent monthly rates for Revenue purposes and at the market rates on December 31 for Balance Sheet pur poses. Rupees and Straits dollars have been converted to Sterling throughout at the parities.

For the purposes of, showing the Accounts in Hong Kong dollars the Sterling figures arrived at as above have been converted at the rate of Hạng Kong $11/0

an increase not only in amount, but more particularly by comparison with the premium in- come. In view of the fact that last year we had to transfer $16,223 from the Profit and Loss Account to make up the premium reserve, the results this year show a marked improvement.

in the Accident

Accident Department. The premiums Department show a considerable increase from $42,278 to $64,273, even after allowing for the Ex-

The differences between the ex- change used last year 1/1% and that used on the present occasion change adjustment. Actually the premium have practically doubled. 1/54 makes the comparison of The Claim rate has been satisfac figures difficult, but I will endea- tory and the reserves have increased Your to indicate their significances. considerably, both as regards the

Financial Depression. With regard to the Life Assur- ance business, in my remarks last

was turned into an artificial hill of mud and rocks. This catas-

amount, Le. from $27,120 to $48,125, trophe almost sealed our fate at the time, because while on the one

and in relation to the premium income, from 64.1% to 67.1% of hand we had to close down, on the

year I described the year 1980 as a

one year's income. This account other hand we had to spend over

view has been marked by financial $10,000 in making good the dam.

It will be noted that Funds in depression throughout the world of excess of requirements for outstand- ages and clearing the debris. It

an unprecedented character. I needing commitments in the Marine, was about the end of 1926, on the Aprii this year on the appolat not elaborate this point, with which Fire and Accident Accounts have reopening of the hospital, that I ment of the present Matron Miss you are

familiar, beyond saying been kept in assumed full charge.

Agnes Chan, R.N., a capable and that Malaya, Ceylon, Dutch East has been transferred to Profit and reserve, and nothing experienced graduate of Toronto. Indies and India (where the great Loss. After allocating $5,544 to tablished a training school for ships of Miss Chau Luk Koo, Mrs. been written) have been also equal the Profits and Loss debit is reduced Under the successive matron-majority of our Life business has provide for bad and doubtful debts, nurses. The three nurses then en- C. C. Hickling, Mrs. E. W. Kirk ly affected. The Life Premium In from $89,660 to $78,007, a reduction rolled graduated in the Summer of and Miss Agnes Chan, the nursing come has decreased from $835,432 of $11,553. 1930. The number of proba- service has been brought to a to $628,002, which is to

a large tioner nurses to-day is 17.

high level, conferring thereby extent due to the conversion of During 1928 our beds were found great benefit on both the patients Gold figures to Dollars at the new to be insufficient, Work was and their attendants. therefore commenced in the build-

Operated at a Loes. ing of four privata wards on the Few people are aware that dur top of the operating room, with aling the past nine years the hos special duty room attached. The pital was operated at a loss: 'no work was completed in the follow-dividend or Intereat was paid for

South China Enterprises, $8%. difficult year. The year under re: shows a very satisfactory progress.

exchange. Actually there has been fall of about £6,000 in Gold in come and an increase of $59,000 in Silver income.

Heavy Death Claims. Death Claims have been somewhat

DINARY YEARLY MEETING of the Society will be held at the

We are highly honoured that HEAD OFFICE. Union Building, Hong Kong, FRIDAY, 27th Mrs. Kotewall should consent how on asle at the offices of the MAY, 1982, at 11 o'clock a.m., for perform the ceremony of opening the purpose of receiving the Re- the New Wing. Like her distin- port of the Directors and the guished husband, Mrs. Kotewall Statements of Account to 31st De-ing of the Chinese Community. It is keenly interested in the well-be- cember, 1981, and of declaring is a well-known fact that for many Dividends, ete.

years in spite of indifferent health The TRANSFER BOOKS of the she has taken an active interest Society will be CLOSED from in all affairs pertaining to the 9th MAY to 27th MAY, Both Days well-being of poor inclusive.

and children, and particularly to the care of the sick. Her sentiments and labours are always shared by her husband, the Hon. Dr. R. H. Kotewall, C.M.G., LL.D., knowledged leader of the Chinese Community and an indefatigable worker in the cause of the ame- lioration of human suffering. As a matter of fact this hospital owes him no small measure of gratitude

Depreciation in Securities. for the advice, guidance and agris-

of Life Insurance Companies all It has been the general experience tance, which he has at all times TOTICE IS HEREBY GIVEN | 80 willingly and unatintingly

over the world this year to face a that the SIXTY-THIRD OR-given to its Directors in the past.

heavy depreciation in securities which in many cases has involved DINARY YEARLY MEETING of As this is essentially a Chinese the Company will be held at its institution for the care of the sick,

drawing heavily on the Companies' HEAD OFFICE, Union Building, it is but fitting that the New Wing

reserves. We have experienced some depreciation in our book values, but, FRIVATE LESSONS English, Hong Kong, on FRIDAY, 27th should be opened by Mrs. Kote-ing year at a cost of $12,000. four continuous years: and for heavy at $167,466. We are, how us the realised profits on investments French, Music Shorthand and Type MAY, 1932, at 11.15 a.m., for wall.

In 1929 a new mortuary was four out of the five years which ever, probably averaging out on the during the year nearly equalled this writing. Tertia moderate, 6, Almal the purpose of receiving the Re-

built at a cost of appriximately were Vilas, Austin Road, Kowloon

considered prosperous, the light claim rate previously experi- depreciation, we have been able to port of the Directora and the

$5,000. Another $3,000 was spent Company paid only a dividend of enced and there is some evidence write down our securities without Statements of Account to 81st De-

AB SODA as the property wag

on improving the kitchen, to per-3 per cent. Only once-1924-wa cember. 1981, and of declaring acquired, the existing bulldings mit of European food being served a dividend of 6 per cent. de- that we may hope for a lighter rate seriously drawing on the Exchange Dividends, etc.

were converted

premises

as well as Chinese. Owing to the clared. As a matter of fact the In the current year.

and Fluctuation account, which The TRANSFER BOOKS of the suitable for the work of a nursing intention of our Doctors to sys- Company's Articles of Association There appears to be a consider shows an increase from $183,088 to WESTOVER-STEVENAGE Within Company will be CLOSED from home. It was in the early part of tematically and gradually extend do not permit the payment of mere able decrease in the expenses, ex- $187,876. There has he been a hour from London. In healthy 9th MAY to 27th MAY, Both Days November, 1922, that patients were the work and accommodation of than 6 per cent. per annum. cluding coramission, but this is further increase in the loans ad- Geighbourhood, SCHOOL for GIRLS

admitted for the first time for the institution, the former name of And SMALL FOYS. A few Boarders inclusive.

In spite of the demand for beds mainly due to the exchange rate at vanced on security of the Company's received in the House of the Principal

treatment. The first Board of Yeung Wo Nursing Home of Hong- and the apparent prosperity, we which the Gold expenses have been policies... Individual care and attention.

Directors consisted of Dr. Ho Ko kong Ltd. was changed to "Yeung were heavily indebted to our ban-brought into account. PAUL LAUDER,

Actually In conclusion I should like to place Tsun (Chairman), the late Dr. Wo Hospital Ltd." in May 1929 by her for quite a

there has been a small decrease in en record our appreciation of the co- Man-kai,

few years. Į the late Dr.

approval of the Governor in Coun- To-day you are good enough to the Gold expenses and a small in operation of the Branch Managers, Jeu Hawk, and Doctora K. L.

congratulate us on the completion crease in the Silver expenses. Secretaries and staff and I have Kwan, B.C. Wong, Ma Luk and

and opening of the new Wing; but We have during the year experi- now the pleasure to propose the adop- T. F. Woo Dr. Chau Wai Cheung

Governor's Visit

I do not know whether this is yet enced heavy rate of surrenders tion of the accounts for the year served as Chairman during the On January 25 of this year we time for congratulations, as three succeeding years, and since were honoured by a visit from His indebtedness has amounted to al- the general experience of Life that has been seconded I shall be and discontinuances, which has been ending December 31, 1931 and when then I have had the honour of act- Excellency the Governor Sir most $200,000, while our capital Companies ing in that capacity.

answer" any questions which shareholders may wish to ask. NOTICE TO SHAREHOLDERS. tence, I think that Yeung Wo has ton, D.M.S.S., and the four Chin is that we have the courage of

During the ten years of its exia-ed by the Hon. Dr. A. R. Welling ever, one thing I can say, and that Life Assurance Fund Decreased. Mr. H. Figueiredo seconded and The Life Assurance Fund of the report and accounts were un- abundantly proved its usefulness, ese members of Council. The in- our conviction that we are doing the $178,849 shows, a decrease as com- animously adopted. N

TOTICE IS HEREBY GIVEN and has fulfilled the expectations terest shown by File Excellency right thing, and we trust that Pro-pared with last year's figure, but

that the SIXTY-SIXTH OR- of its promoters. It has met an

Other Business. ARY YEARLY MEETING of urgent need of the Chinese at

was a great encouragement to us. vidence will ever guide as out of this is entirely due to the different Messrs. C. A da Roza and Mok

During the last two years the our difficulties. P

rate of exchange used in converting Ching-kong were re-elected Direc mpany will be held at its large. I believe that its popularity demand for beds was so great that

FFICE, Union Building,

In conclusion I desire to thank the Gold portion of the fund. At tors for the ensuing year, ba the we were unable to cope with the the architects Messrs. Little, Adams last year's rate of exchange the fund proposal of Mr. J. Coulthart, second- gon FRIDAY, 27th

situation. Often Times our corri & Wood, especially their Mr. Lealie would have actually shown a small ed by Mr. Chap Nai-pan, at 11.20 am for GENERAL NOTICES, dors, nay, even our tea-room was Boss who was largely responsible increase.

Mr. J. F. Wright, ir, proposed," occupied. It is well known to the for designing and supervising the The Net Premiums in the Marine and Mr. C.-H. Basto seconded the ents of Account to 81st Do THE HONG KONG RIFLE CLUB that even my own office here Mr. Ross a man of boundless crease at $129,881 This decrease ham and Matthews and Messrs." doctors working In this hospital work of the building. I found Department show a considerable de re-election of Messrs. Lowe, Bing- 1931, and of declaring

more often occupied by patients patience and high skill, besides is mainly due to the discontinuance Perry Smith, Seth and Fleming than otherwise, and so I was per being a very congenial friend. We of the premiums under a Marine Auditors for the ensuing year and foran to work with the ata are very fortunate in having secure Treaty, which had proved to be un motion was carried.

HOME TUITION.

Particulars apply to:

For

MISS RUTH CULLEY,

(Camb, Higher Local, Camb. Teachers' Diploma). MISS GERTRUDE TURNER,

(National Frodel Higher (Certificate).

OPEL

Job Pr

6's

PLASONABH

PRICES

LAMMERT BROS.

AUCTIONEERS, APPRAISERS "AND SURVEYORS,

Public Auctions

By Order of the Board,

General Manager. Wan Hong Kong, 30th April, 1982.

BRITISH TRADERS INSURANCE COMPANY, LTD. (Incorporated in Hong Kong.)

T

purpose of receiving the Re-

of the Directors - and the

The TRANSFER BOOKS of the Company will be CLOSED from 9th MAY to 27th MAY. Both Days Inclusive, ning P

**By Order of the Board,

"PAUL LAUDER,

General Managor. Hong Kong, 30th April, 1982.

⚫into

cll.

our

William Peel, who was accompaniis only $150,000. There is, how-year pere, during the pleased to

H.E. MAJOR GENERAL SANDILANUS, C.B. C.M.G.,the General Officer Commanding, will now understand the necessity for firmas Messe Little. Adams & general office. You may ed the services of such an eminent open the NEW RIFLE RANGE at this New Wing which after what Wood as our Architects. In cod Kowloon Tong on SATURDAY, the hat seemed an almost endless clusion I should like to thank you, 21st inst. at 4.80 p.m.

months, is now.com Mrs. Kotewall, for the honor

waitinge

Members and their friends and plete all Interested in Rifle Bhooting are cordially invited to attends To reach the Range Lake No

Bus from Star Ferry Wharf (Kow- Toon) to Terminus where Boy Mr Scoute will give further directions, did RATTEYVIC Treasurer, was

Akon 18th

have done us by performing the

ng ceremony, add you

nen, for your kind

•

BY SPECIAL EQUEST RESORE)

OF

FOR TWO DAYS ONLY

“SUNSHINE SUSIE

KING