1933-05-26 — Page 4

BANKS

HONG KONG "AND SHANGHAI BANKING CORPORATION.

Antheraed Capital · «................. Jorved und. Fully Pailey .....

Moares Liability of Proprietors — 000,000,000

HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS 10.

2. X. Parts, Kay. Chairman

T. H. Shaw, Esq.

Depoks Chairman.

3.K. Bourfield, Eng.

6. Miskia, Esq.

8. H. Dodwell, Esq. Hon. Mr. J. J.

1. X. Complem, Xas-

Bont. C,G,8. Mackie.

AMOX

ΣΑΚΩΤΟΣ

MATATIR

BOKBIT

CALOUTTA

CLANTON

CHEMIC

COLOMBO

DAIRIN FOCCER RATEONG BAYBURG BANIOW HAIEN

ORGIEW

ILona

TE

JOBOLE

Kak

KOWLOON

7. A. Plummer, Hog.

L. N. Murphy, Esq.

Acting Chief Manager.

KUALA LUMPUS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1855.

--HEAD OFFICE1 LONDON,

Paid-up Capital Reserve Fund wi

Reserva Liability of Pro-

prietors

•£5,000,000 .63,000,000

.£3,000,000

Agencšow and 'Brancheur

ALOR STAR

AMRITSAR

BANGKOK MATANZA

GALOUTTA

QAKTOW GAWAPORE

DOLOIDEO DES

HAIPKOWS HAMBURG HARROW

BANKER

Trong 0

подо

ZAZLORA

N

LONDON

LTON

MALACCA

MAKIZA

MUAR (Zobor)

MOEDEN

NEW TOLK

KOM

PEITING

KUALA LUMPUR

BANGOOX

PENANG

SAIGON

JAN FRANCISCO

KAKOHAT

SINGAPORM

BOURABAYA

TIENTEN

SUNGHI PATAM

TOTTO

TEINGTAO

TOKOHAMA

Qurrat Amounts opened in Local Derwey

and Pizad Dupondia realved for une pour o serve periodo in Local Darromny MHE. DONOR on serie wicked will be quoted in applection

- Hong Kong, 22nd May, 1938.

HONG KONG SAVINGS BANK.

The Median of the shore Bank de anderled SMKONO KONG AND SHAKIBAT JATI. Fire CXPORATION, Balso may be dried

FOR THE HONGKONG AND DELIUTAT DASTING CORPORITION.

LS. MURPHY,

Acting Chief Manager. Hong Kong. 24th April, 1938,

THE OVERSEAS NATIONAL BANK, LTD.

National Bank Building, 8A, Des Voeux Road, Central.

Authorized Capital.... $5,000,000.00 Paid-up Capital...... 1,000,000.00 New York, London and

Paris Agents

KOORING

KADRAS

MANILA

KEDAM

TEW YORK

PESPIRO (Faking) TRIANG

LANDOOR

LLIGON

SEMARANG

UHAKORAT

BRENICIAN

SINGAPORI

SETIAWAN

SOURABAYA TAIPING

TIENTEN

TONGKAH (Burghot)

TRINGTAO TOKOHAMA.

JAMBOANGA

THE CHINA MAIL.

and

THE BRITISH TRADER INSURANCE CO., LTD.

£16,252 Profit On Marine

ommerce

Finance Account.

Premium Income Declines

Union Insurance Society Of Canton, Ltd.

SIR HENRY POLLOCK'S OPTIMISM FOR THE FUTURE

DIRECTORS RE-ELECTED

FRIDAY MAY 1933

THE CHINA FIRE INSURANCE CO.

$130,027 Profit On Marine Account.

ANNUAL MEETING HELD

Following the meeting of the At the ordinary annual meeting]: China: Fire Insurance Co., Lid, the of the China Fire Insurance Co. ordinary annual meeting of share Ltd, which followed that of the holders of the British Traders' In Union Insurance Society of Can- (surance Co., Ltd, was held,

ton, the Chairman said:

The 1931 Marine Account hás

The Chairman said.

The 1931 Marine Account has been closed and the profit of $16, been closed and the profit of 252.65 8d. carried to Profit and $130,027.94 carried to Profit and Loss Account. The Marine Fund Los Account. The Marine Fund at the end of the year including at the end of the year including the additional Reserve amounted the additional Reserve amounted

to $1,078,476.80.

to $134,184. “125, 4d,~~ ́

NEW ADVERTISEMENTS.

KOWLOON CRICKET CLUB.

FINAL DANCE

SATURDAY, 27th,

CHEERO BAND.

PUBLIC AUCTIONS. THE Undersigned have received instructions to sell by Publie

ON

Auction

Monday the 29th May, 1933, commencing at 5.15 p.m. at their Sales Room, VALUABLE COLLECTION OF Paddell Street,

POSTAGE STAMPS,

Foreign Exchange and General Premium incomes for the previous about the Marine side of the work similar manner to the Fire Account similar manner to the Fire Ac-On View from Friday the 27th.

· Banking, business transacted.

A. BREARLEY,

Manager.

May 1998. Terms: Cash on Delivery,

LAMMERT BROS,

Auctioneers Hong Kong, 26th May, 1983.

HE

The Fire Account has been clos- The Fire Account has been clos- ed by setting up a reserve of 40% led by setting up a reserve of 40) for unexpired risks and a profit of per cent. for. unexpired: risks and "There has been in all classes of] Sheet I would like to make a few $1,002, 128, od, cartled to the Pro- profit of $8,020.93 carried to the business a falling off in the "pre- remarks upon the general conditions at and Loss Account.

Proit and Loss Account. mium income. The consolidated of insurance business last year. The Accident, and General de-

The Accident and General AC-A First let me tell you something count has been dealt with in a count has been dealt with in a year amounted to $993,826, 14-Owing to the considerable amount and a profit of £4,779 12s. 6d. car-count and a profit of $38,237.07 Current Accounts opened and Fix-11d. in the case of Marine, $655, of tonnage that is laid up and which ried to the Profit and Loss Account carried to the Profit and Loss Ac- ed Deposits, received for one year or shorter periods at rates which will be 579, 10. 3d. Fire, and £230,835 has more than doubled itself since The adoption of the accounts hav-count.

1. Od. Accident and General," the year 1930, there has been some ing been proposed by the Chair- quoted on application.

The Chairman then proposed the curtallment in Hull premium. said Mr. S., H. Dodwell, presiding Cargo Insurance owing to lack Gray, was carried unanimously.

man, and seconded by Mr. B. Gadoption of the accounts, which Hong Kong, 17th November, 1982 over the ordinary annual general of trade and diminished values has

was seconded by Mr. Leigh Garner: Mr. J. W. Alabaster... proposed, meeting of shareholders of the Unnecessarily declined and the gen- and Mr B. M. C. da Cunha second and carried unanimously.

Mr. J. Owen Hughes and Mr. ion Insurance Society of Canton, eral dearth of business has brought ed, the re-election of Mr. J. Owen THE BANK OF CANTON, LTD. Ltd., held at the offices of the So-with it extreme competition.

Hughes, and Mr. T. A. Mitchell was directors on the proposal of Mr. J.

T. A. Mitchell were re-elected Auction ciety this morning.

directors. My predecessors in the Chair He continued, "Some diminution have referred upon

Messrs. Lowe, Bingham and Mat-Bentley, seconded by Mr. F. H.

Monday the 29th. May, 1933, in aur income was of course inevit-casions to the disastrous losses Davis were re-elected auditors at a

thews and 3fessrs. Linstead and Farne.

commencing at 16-30 am, On the proposal of Mr. B. M. C. at No. 9, Lock Road, (2nd Floor) Fable. Nevertheless m smaller in-caused by fire. Last year was no fee of $1,500 per annum cach, on da Cunha, seconded by Mr. A. A. come goes to emphasise expenses exception and included the loss of the proposal of Mr. Leigh Garner, Alves, Messrs. Lowe, Bingham and

Kowloon ratios, which we are making every the French liner "Georges Philip seconded by Mr. V, R. V. Ribeiro, Matthews, and Messrs. Linstead

A Quantity of VALUABLE HOUSEHOLD The following directors were and Davis were re-elected auditors The "L'Atlantique" steamer was present: also lost by fire at the beginning of (Chairman), Mr. C. Blaker, Hon.

Mr. Stanley H. Dodwell at a fee of $1,500 per annum; each.

The following directors were. this year but the bulk of the policies Mr. C. G. S. Mackie, Mr. T. A. Mit present: Mr. Stanley H. Dodwell were issued last year and so the chell, Mr. K. S. Morrison, and Mr. (Chairman), Mr. C. Blaker, Hon. casualty will fall most heavily upon Paul Lauder (General Manager). Mr. C. G. S. Mackie, Mr. T. A. the 1932 account.

Among the shareholders present Mitchell, Mr. K. S. Morrison and

Establlabed 1912.

Head Of-Hong Kong.

Anshorised Captial (ILL. Currenty) ---$11,098,908 Pulė-Ep Caplini www. Reserve Fund in

1,150,000

Canton, Bhoghal, Baskow, Zugkak,

Wod Ses Frusciant, LONDON BANKEES 1—

OUTRESPONDENTI

THE BANK OF EAST ASIA, LTD.

Head Office: Hong Kong. No. 10, Des Voeux Road Central. Established: 1918,

BANKERS TRUST COMPANY. Authorised Capital We offer facilities for the transac-Paid-up Capital tion of general banking business. Foreign Exchange transacted. Stocks Reserve and Undivided and bonds bought and sold. granted an approved securities.

Loans

LEE FANG, General Manager.

Frosta

Branches and Agencies:-

Amoy

Feiping

Batavia

Penang

Bombay

Calcutta

Rangoon Saigon

Canton

San Francisco

Seattle

effort to reduce."

The Chairman said: Before commencing the business of the meeting I would refer to the death of Mr. W. L. Pattenden, who was for many years a Director of a staunch the Society. He was friend to our Company and at all;

I propose with your permission to take the Report, Revenue Accounts and Balance Sheet as read.

1932 Business Problems.

·

par."

many

+30

luxurious

Marine Profita.

EXCHANGES.

Undersigned, have received Instructions to sell. by Public

ON

FURNITURE. On view from Sunday the 28th. May 1933. Terms: Cash on Delivery.

LAMMERT BROS,

Auctioneers. Hong Kong, 26th May, 1938.

ON. Tuesday, the 30th. May, 1933 commencing at 10,30 am,

at No. 87, Cumberland Road, Kowloon Tong

A Quantity of

VALUABLE HOUSEHOLD

FURNITURE.

On View from Monday the 29th. ...May, 1933-

Terms: Cash on Delivery,

LAMMERT BROS.,

Auctioneers, Hong Kong, 26th May, 1983.

T

THE Undersigned have received instructions to sell by Public

Auction

- ON

En all pelaajal mim të the Word, Frogs Etakings and banking bosses et every desculpidas transasiak.

Made Departs Basse (rations diane) at a poorly ronial of "bum BF in B6A.

LOOK POONG SHAN,

times gave its Board and Manage- Test for Fire-Worthiness. were: Messrs. J. W: Alabaster, J. Mr. Paul Lauder (General Mana- Chief Management unstinted assistance in mat

These losses seem to emphasize Bentley. B. M., L, da Cunha, Leigh ger).

TH THE_Undersigned have received ters that were placed before him. the possibilities of certain dangers Garner, H. C. Gray and V. R. V. Among the shareholders present instructions to sell by Public We all deeply regret his decrease. in very large and

Ribeiro.

Auction were: J. W. Alabaster, J. Bentley, steamers and it is to be hoped that Suspense Account to meet future A. A. Alves, B. M. C. da Cunha, serious consideration will be given claims.

F. H. Farne, Leigh Garner and to the question of adequate tests for fire-worthiness. I have read in the you to make comparisons with the

It is very dificult this year for H. C. Gray. The year 1932 has brought many press that movements in this direc-figures appearing in the previous and varied problems to business tion are being considered.

Report as in the Working Accounts [communities; over-production, the For various reasons there has published therein only a portion of

instability of exchange and the con- been a speeding up in Marine lose the business was included. $10,000,000.00 trol of exchange transactions, high settlements and it seems that Ac-}{\___*__

TO-DAY'S QUOTATIONS, 5,598,800.09

tariffs, and other difficulties, have county of the future may perhape The Marine profts shown in the On London militated against the movement and be liquidated more quickly. This Working 2,312,000.00

Account

"1/4 for the exchange of cargo, and this has had should be helpful in the conduct of year 1931 amounting to £77,474.- its natural effect upon insurance the business.

|6.2d, or 7,80 per cent,, may be business.

As regards Fire Insurance the considered satisfactory. I am not going to attempt to give contraction in premium income on

sight This profit, however, does not a dissertation upon the methods account of depressed trade ci-compare favourably with the previ On New York- which I think might be used to tions and lower values of commodious year, but it is to be remembered

On demand bring about better conditions in the ties was again a noticeable feature that the profit made upon

Credita 60 daya' our business and financial world for of the business in 1982. The un-Marine business in the year 1930

aight these subjects dre of course stable state of International ex-was considerable, that year being an widely talked about and the neccs-change and the decline in the value' exceptionally good one.. sity for reducing tariffs, increase in of the pound added to the difficul- Our Fire business has resulted commodity prices, curtailment of ties.

in a very small profit being carried expenses and of taxation which For example in the case of pay-to the Profit and Loss Account forms such a terrible burden on in-¡ments made in foreign currencies This is after having set up a reserve dustry, are everywhere being dis-there was a disturbance of the of 40 per cent, amounting to '£250,- cussed.

normal ratio of lncurred losses to 367.16.6d, to meet claims upon un-On Shanghai---- 1 think we can only look to those premium collected and more parti-expired risks.

On demand in high places to bring about quick cularly to premium reserves es- You will notice besides this re On Kobe ** ly some alleviation in the present tablished at the end of the preced- serve we have an additional reserve On demand position for conditions to-day crying year.

of £106,428.14.4d. Certain classes of On Manila out for some rapid adjustment to be

I am glad to be able to report our Fire business have not been

On demand made. We have great hopes of the that there were no outstanding Fire giving antiafactory results during On Bingapore- coming Economic Conference and insurance disasters during 1982, the last few years, but previous to On 'demand trust that the representatives of though there the nations engaged in these meat number of large individual fires.

were a considerable, this these particular sections made On Batavia---

good profits. This position is re-

Or demand Important deliberations will .......face Completition in China. ceiving our attention and we have On Balgon--- facts and realise the futility of try. In China great competition for every hope that a change for the On-demand ing fo Bolster up impossible post-the business contiues and it is better will take place:

On Bangkok- tions. The interdependence of na-extremely difficult to maintain a} AMERICAN EXPRESS COMPANY, tions upon each other I trust will be reasonable margin of profit." --

The Accident and General bust-On demand

INC.

ness for last year shows a profit of Seereigns bank buy- most prominently borne in mind. Fire Wastage in the United King-10.33 per cent. which I consider:

Marine Insurance Decline,

ing rate:

·∙1/4 dom was much higher than in 1931, very satisfactory. You will notice Bar Silver per oz. 18 11/16 Before commenting upon the Fire Statistics in the United States that we have set up a reserye of 40 Bar Silver in Hong figures appearing in our Balance of America and Canada show per cent of the premium income for Kong

Nom

THE BANK OF TAIWAN, LTD. Haiphong

(TAIWAN GINKO.)

Hankow

Honolulu

Kobe

HEAD OFFICE--Talpek, Farmma.

Incorporated by Special Imperial

Kowloon

London

Manila

Melbourne

Nagal

New York

Osaka

| Faris

Charter, 1899.

Otel Bank la Formoon. Bamk-Notes Jassell Average ancient Ïma. 16,000,000 BEANORES AND 40ENCIZAT

Semarang

Shanghai Singapore

Sourabaya

Swatow Bydney

Talhoku

Tientsin

Tokyo

Vancouver

Yokohama

Correspondente in all principal cities of the World

JAPAN 1-Tokyo. -Ľobodnos, Lobe, Omin *FORMOSA |—Gupe, Ka Karyakin, Kaslang. Malong. Macie, Sulbin Thicke, Tolan Tube, Tamaui, Tan, Helio, Child, OKINA (Šosaghi, Baslow, Ancy, Porchert, Every description of Banking and

_Bwelow, Carton. OTER Log, dingo, obeys, Exchange Business izzasacted. Loam

Amming, Bowra, Bouly, London, Kim | grated on approved securitiem.

LONDON BANIZES,

Baadaye 1985, Lady Leyla Bank, JAL Midland Bank, Lát. Watulasine Bink, Lás

The Work has Cortospendends in aŭ the principuć Dammarti) Daniem throughout the world.

HONG KONG BRANCH:

K. MAGURA

A Dee Your Bond Conciral.

Hang Long, Domacher 36, 3985.

Safe Deposit Boxes To Let

KANTONG PO

Chief - ManagW,

THE

THE YOKOHAMA SPECIE BANK,

Kază Oc$1,- Brundway, New York,

Capital Burplus

‚U.8.$4,000,000.00 ‚U.M.$1,852.2ILDE .U.S.$1,458,116,78

BRA

LIMITED.

Establishel 1826)

Capital (fully paid-äp) Ten 100,000,000: Reservs Fund

Hind Offes>--TOKOKANA

Brancher and

„Ven. 129,750,000

Nawckwang

Now Tork:

Bombay

Dafran (Dalny)

Tagilan (Muldoo). Rangnon.

Hankow

Harbin

Halaking

Robe

Manda

Interest allowed

Devorka received

Rio de Jazzire.

Seattle

SAFETY FIRST! Safeguard Your Valuable

and Jewelleries, Deposit them in a Vanli

that is really : Sul FIRE PROOF BURGLAR-PROOF

DAMP PROOF

TT: On demand 4 months' sight Credits 4-months*

1/4/2

1/4%

1/5/

26 Nom.

NOM

On demand Credits 4 months”-

Light

5822

622

On India-

10 Cases Copal Varnish.

10 Cases Enamel.

T.T.

.90

On demand

90

110

On Paris-

Wednesday the 31st. May 1938.

commencing at 11 am

at their Sales Boom,

4. Dudde!! Street.

9 Bales Underfelt (298 yds.)

Terms: Cash on Delivery,

———LAMMERT BEOS,

Auctioneers.

Hong Kong, 26th May, 1953.

53 Nominal COMPANY MEETINGS

58%

57%

58%

137.

[alight reduction. In the amount of unexpired risks amounting to Copper Cast -...)... Nominal

loss, but this was probably offset 269,788.2:104. and that we have an Copper Cesta 2015 - 19% prem. in each case by a reduced premium additional reserva of £48,2527.24. Rate of Native In income.

"Georges Philippar”. And:"

"L'Atlantique."

Bterest UREAZA

NEW ADVERTISEMENTS

PEAK TRAMWAYS COMPANY, LIMITED..

TOTICE IS HEREBY GIVEN

the ANNUAL ORDIN

ARY GENERAL MEETINGS, of Shareholders will be held it THE HONG KONG HOTEL, Hong Kong, on FRIDAY, the 2nd June, 1988, at 11.30 am. for the pure pose of receiving the Report of the Directors together with Statement of Accounts for the year ended 30th April, 192S,

The TRANSFER BOOKS of the Turning to the Report and Ac-

Chinese Sub Coin] 81% di Company will be CLOSED from counts before you, you will notice.

SATURDAY, 27th day of May, to The 1982 Marine Account, normal Hong Kong Brḥ, Coin par, that as forecast by the Chairman in in most respects, was unfortunate-

FRIDAY, the 2nd day of June, hia speech at the last Ordinary ly interested in several major]

1983, both days Inclusive Yearly Meeting of Shareholders, casualties, notably the "Goorges

JOHN D, HUMPHREYS & SON, the method in which our Balance Philipper" and "L/Atlantique"

General Manag Shoet la presented has been alterd steamers and though such losses

Hong Kong, 22nd Ma and your directors believe that the must be expected to have a material present form of issuing our Ac effect upon the final out-turn of the counts will commend itself to you. year's underwriting, they need not The old form of Balance Sheet unduly depress us as mocks of this TOONDEO which the Socfety used for a great located on the Merzanine Floor of number of years does not meet the ducting wo

cure are to be expected when cON- Our New building is Specially requirements of today and the con- much

arine... business

Our

SAFE DEPOSIT VAULT

a - Constructed to provide all of solidated Balance Sheet, will give,

United

these Important Qualities, you fuller information of our poul»

"Branches of

Americs and Ca

busseƐof Commercial Bankd

You may obtain a Safe Deposit Box in this most up-to-date

for your own use at very Moderate Rental.

Inspection Cordially. Invited.

THE NATIONAL COMMERCIAL & SAVINGS BANK LTD.

will understand that the

the one that t In the United King

ased income and the

athe 1982

CUSTOMS NOTIFICATIONS

EREBY

1938.

LANE CRAWFORD, LTD.

TOTICE IS HEREBY GIVEN: that the ELEVENTH ORDIN ARY YEARLY MEETIN OF SHAREHOLDERS will be held, In the Lounge adjoining the Com Ipany's Restaurant," "Tet, Floor,” Er- change:; Building,Hong Kong, on

URDAY, 10TH JUNE 1918, ■:

STRANSFER BODI Company_will "";be CLOSED THƆMAY, 11918, to 10TH

both days incl

By Order of La E

How Long, 11th March 12