1938-03-29 — Page 16

Pare 16

GoEMPRESS to limerica. Europe

Hong Kong

•·Leave

Japan Apr. 1 Apt. 3

Arrive Leave

Leave

Apr. 15 Apr 17 Apr. 19 Ganada Apr. 29 May 1

Leave

Apt. 6 Apr. 8. Apr. 14 Apr. 21 Apr. 23 May 4 May 6 May 13

Honolulu

Leave

Apr. 19 May 2 May 18

17 Days HONG KONG to VANCOUVER By DIRECT EXPRESS ROUTE FROM YOKOHAMA 18 DAYS VIA HONOLULU, PARADISE OF THE PACIFIC

Air-conditioned equipment on C.P.R. Trans-Continental Trams. Frequent Canadian Pacific Atlantic sailings to European ports.

TO MANILA

Empress of Asia on Thursday, April 7th.

Canadian Pacific

Union Building

Lloyd

SPANS THE WORLD

Priestina

Telephone 20752

FORTNIGHTLY EXPRES

SERVICES

INDIA

ITALY

FAR EAST Hong Kong. London 23 day Hong Kong

Italy 21 days

SCHEDULE OF SAILING FROM HONG KONG.

TO SINGAPORE, COLOMBO, BOMBAY, EGYPT & ITALY

TO SHANGHAI

“Conte Bous.

Conta Rosa

M.Y. “Victoria”

sz. “Conta Verde”

17th Apr

8th May

Conte Rosso

Verde":

LLOYD TRIESTINO

P.O. Box 143. Tel. Addr. "Lloydiano"-Telephone

THE CHINA MAT

H. K. FIRE INSURANCE

COMPANY'S STALE IN SHANGHAI

A

But

moderately satisfactory ght last ye that our Investments year, heavy sterling losses being in Shanghai, some of which we have the canse of the less prosperous to be giving as cause for

held for many years past, showing than in 1937, was the we know to-day, it was chairman's description of the parent, that the proper

ar 1938 at the annual ordinary us has surviv meeting of the Hong Kong Firee and that Insurance Company held this the same shape morning in the Board Room of I trust you Company

The Hon. Mr. J. J. Paterson have worked we said-

Living

with which we

grant of

of 15% on

The outturn of the Company's oper thre ations for the year 1936 can only be what to say described as moderately satisfactory.

Your when compared with its immediate well selected predecessor, the reason for the less not done as prosperous showing being the heavy two years Sterling Losses that we suffered dar- conditions ing that period. Premium shows and there is mo increase over that for 1935 of just on continue on $90,000, but Losses are up by $155, prosperity. As 000. The result of our working in must necessarily Local Currency, from Hong Kong and income by reaso China sources, was almost identical North, for much with that of the previous year, the Shanghai and North difference against 1936 being one of been destroyed. $1,500.

Mr. M. H. Turner- ports and accomm OTHER

LOSSES HIGHER:

now

cted

In making the customary compari- son of ratios between the year under · Sir Robert Ho Tun review and 1935 we find Losses at Bernard Brown, A. H. Compton, 5327 as against 47.56% Charges at A. Joseph, TE Pearce 39.34% as against 40.06%, leaving a and S. T. Williamson were re-e balance of 739%%% as compared with to the Consulting Commitee on the 12.38%.

motion of Mr. E. M. Raymond, second- Interest is $483,215 as against $47,-ed by Mr. John Fleming, while Messrs. 257, a. satisfactory increase when the Lowe, Bingham's and Matthews and many conversions that have been made Messrs. Percy Smith, Seth and Flem in respect of gilt-edged securities are ing were re elected auditors on the posal of Me M Lo, seconded by

The Hom

taken into account

The balance of $716,512.54 at credit. J. Fullerton of Working Account for 1937 is also a The following disappointment, revealing as it does. Mr. J. J. Paterson

Bernard Bro

fall of close on $150,000 when com- pared with that for the year 1936 at E Pearce, the same date. Here again we have hamson (Co had to face heavy Sterling Losses and F. C. Hall

Ifollowing Local Currency Claims rose" by neatly $70,000, the major part of this, sum be K. Lo, Jess ing due to the Typhoon of the 1st/2nd Ing. A. R. F. September last year. It is early yet Raymond, J. H to talk about this Account but we are strong and Hampden hopeful that the ultimate result will

not be unsatisfactory; after all, to pay

Losses is our raison

and the

M

lem-

measure of our success depends on the LORD ST. DAVIDS

severity of these.

DIVIDEND OF $12

The surplus to be dealt with at this Meeting is $829,189.48, the balance of Account for 1936, and we recommend the payment of $12 per share, absorb- ing $480,000 and the transfer of the balance of $149,139.43 to Bein Fund

ace

The position of our EesEIVES - IE- Imains much as it was last year except for the Investment and Exchange Fluctuation Account which is reduced [by some £17,700 owing to the writing down of Sterling and Hong Kong Gur- rency Investments to the values ruling on the 31st December fest.

You will have read the note that ap- pears in the Report with reference ti the Company's Investments in Shang- hai and which not only has the appro- vel but was suggested by our Auditors.

As these-Investme

nsidered that.

confined to first, class debentures and mortgages, the whole ing within the 27th May interest to the

been received, it Loch June in the circumstant

tations being avail we have adopted able one. The pos ly diffenlt and the futur

NO EAST,

G. FALCONER & CO (HONG KONG LTD.) WATCHMAKERS & JEWELLERS, DIAMOND MERCHANTS

UNION BUILDING (opposite GP.O.)

ents for: ADMIRALTY CHARTS.

NOCULARS”

The investme

times. – Wi

IMGA

ONE

RINER

200H 200 UM20)

INI KMO

K BOZ Z MON U

thod

PASSES

London, To-day.

The death has occurred Lord St. Davids, brother - of Lord Kylsant, at the age of 78

Lord St. Davids was called to the Bar in 1886. He was MP for Mid-Lanarkshire (1888-94) and for Pembrokeshire (1898- 1908). From 1930 to 1992 he was Chairman of the Unemployment Grants Committer

Lord St Davids heir. Hon Jestyn Philipps

ye

DR. SCHACHT VISITING

BELGIUM

Brussels, To-day.

“It is semi-oficially learned that

No easy. the

Ittle

LUTION

M MUN

O

MND

NO MES DOD OF

DIMDA

ONIO DE

HEIMERDE MOXNA)

GIGA UMBUA DE

FUELUGOG |

retur Berlin

chsbank

Schach Brussels

he visit

gian National Bank,

LOCAL DOLLAR

demark rat on

Satur

9716.