1937-03-23 — Page 4

Page

ROSE ROOM

PENINSULA HOTEL

SPECIAL DINNER DANCE

"Emp

In Honour Of The. Britain Round The World

WITH

CEDRIC and ARLINDA

DANGING VIRTUOSOS

AND

NORMAN BROOKS BAND

WEDNESDAY 24 MARCH

TILL 2 A.M.

Reservations 'phone 58081

THE HONG KONG & SHANGHAI HOTELS LTD.

FIRST CHURCH OF CHRIST, SCIENTIST, HONG KONG. ANNOUNCES

FREE LECTURE

ON

CHRISTIAN SCIENCE

BY

FRANK BELL, CSE

Member of the Board of Lectu

The First Church of Christ,

IN THE

Y.M.C.A. Kowloon

Ashley Road Entrance:

ON

her Chi

Thursday, 1st April, 1937, at 6 p.m.

The Public is cordially invited to attend.

IF YOU ARE WORRYING

WHAT TO WRITE HOME ABOUT,

JUST POST A COPY OF THE

DONT

Overland China Mail-

WHICH GIVES ALL THE LOCAL NEWS

AND LOCAL EVENTS IN PICT

PUBLISHED EVERY WEDNESDAY AT

DHAM ST

THE CHINA MAIL, MARCH 23, 1937.

UNION WATERBOAT

COMPANY

Shipping Strikes Effect On Sales

That March figures promise

LIFE INSURANCE PROGRESS

Manufacturers' Life. Annual Report

A substantial increase in Assets and

New, insurances

to

be the best on record for a number in insurance fil ford features" "the 50th of years was announced at the annual report of the Mamm annual meeting of shareholders, Life Insurance Company for 1936. amounting held this morning of the Union £11,599,177, were written bringing. Waterboat Company, Limited. the insurance in force to £109,425,967,

and increase of 52,585,571.

Payments to policyholders and bene- Of such

The

chairman said:

"The nett profit for the year, providing for depreciation, in accor-ficiaries totalled $2,303,704 dance with our schedale. is $33,874.14, Payments the sum of £1,947,325 was 385,393 in dividends, while #856,379

and is $8,576 19 less than the previous Faid to living policyholders, including

year.

The decrease is mainly due to the was paid beneficiaries in death claims. increased cost of running repairs. Our The assets increased by aver docking and paint bills, owing2,013,699 and announced to £29,524,- higher cost of materials, being some 422 Policy and annuity reserves-in- $5,300 more than the previous year reserve has been increased by £102,740 creased to #24,945,818. Contingency Licenses and survey fees show an in- crease of $800 due to increased Govern to £410,959. The Reserve for dividends. ment fees and the necessity for emto policyholders amounted to $940,068. ploying the services of an outside su situated on the 2nd Floor, Shell House The Head Office for South China is veyor during the absence of our Superintendent on leave..

Hong Kong, under the management of

"Office expenses are down some $800 Mr. E. J. E. Mitchell.

as a result of decreased rental, but the Company is also represented in the Discount and Gratuity figures Canton with a District Office under the $1,300 higher as a result of our prin- managership of Mr. R. K Batchelor, cipal

and Mr. V. E. Ferrier, agent supporters ⚫taking more -- Messrs." Carr Ramsey and Son, Swa- water and thereby qualifying for an increased rebate.

tow, are agents for the Company in that territory, while F. J. Noronha re- presents the Company in Macro.

THIS YEAR'S SALES.

Accredited agents for Hong Kong are as follows:-H A. Lammert, A. M. G. Philippens, J. C. M. Grenham, P. E Baskett, L. M. S. Lloyd, J. J. Guterres S. V. Gittas, A. W. E. Leong and Yip Bank Key.

"Actual water sales are proximately the same as the previous year, but in the "ordinary: course. events they would have shown material increase. The recent unfor- tunate strike on the Pacific Coast has affected us, as it has done many-an- other local enterprise dependent on shipping for its revenue, but in spite of the fact that the Pacific liners The Hong Kong Art Club held a only recently resumed calling here,

ART CLUB SHOW

sales this year are well up to average, very successful monthly meeting and the entirent month bids fair to be at the Helena May Institute yester the best on record for a number of day. There was a record number

years.

The figure it is proposed to transfer of pictures on view, 82 in all. The to General Repairs Fund may appear most striking were two exquisite heavy, but three of our vessels are due etchings by Mrs. Capher, two very for load line surveys in 1937, and the attractive flower studies in water increase in the cost of shipbuilding colour, in the modern manner, by materials makes it essential for addi

tional provision to be made. Our Lee Byng. An attractive water fleet has always been kept up in a colour of a Chinese hut by Mrs. high states of efficiency, and I am sure Franks, two shareholders will agree with the Contexts unsigned and

clever illuminateč sulting Committee that this policy

some very

must be continued if we are to give professional head studies by Miss our customers the high standard of Whitham

service they have come to expect from The best picture of the month "Adding to the net profit the sum was Miss Whithams large head

of $2,723,36 carried forward from last study (Charcoal)" of a account, there remains for appropria-beggar.

chinese

tion the sum of $36,597.50 with which A most unusual note was a pic- it is proposed to deal as follows:-- Transfer to Special Repairs

Fund

Transfer to Staff Leave and

Contingency Account

Pay a dividend of 45 cts. per share on 38,813 shares Carry forward to "next" "ac="

count

ture in the Chinese style by Mrs. $15,000,00 Macfadyen, who has been studying

Chinese painting.

2,000.000

17,465.85

2.131.65

"I now beg to propose the adoption of the Report and Accounts as pre- sented entrecht

H.K. Trust Mortgage Application

Mr. R. K. Valentine seconded and the time in which to register 4 mort- An application for extension of

report was manimonsly adopted god m

Hon. Mr. 8. H. Dodwell was in the gage made by Mr. H. C. Macnamara chair and was supported by Mr. M. (instructed by Mr. R. A. Wadeson), Johnson, K. Watanabe and A. on behalf of the Hong Kong Trust Shields (Consulting Committee) and Corporation, Limited, was granted Mr. LA C 1. Bowker, Secretary.

The following shareholders were also present: Messrs. R. K. Valentine, U. Sze-wing and J. S. Howell

“MUSCLING IN” ON THE "TIPPING RACKET”-

by the Chief Justice, Sir Atholl MacGregor, at the Supreme Court this morning.

The usual 14 days' period allowed.

Singapore Raw Rubber

Messrs B. Joseph & Co.,

of fceived the following quotations from

in Straits Currency

That he had no intention stealing the letters but hoped that by Si delivering them personally –– he would be able to get a few cents as tip was the excuse Pun Tang, -21, gave the Police when arrested stea three letters from; din? ent letter bore

Défe

Was Char fore Mr. W. Schofield was

or s

Defendant

BEL. 20022

ters Police ed.

delice five cents

ith the

Quiet.

Would Be Suicide

Chui Yue-fan, aged 20,

the Kowloon