1939-04-12 — Page 20

'Page 20

WAY

6 DAYS

10 DAY

5 DAYS

GoEMPRESS to America, Europe

THE CHINA MAIL, APRIL 12, 1989–

FOREIGN PRESS MACAO LIGHT

REPORT TRUE!

Rome, To-day..

PROFITS

very satisfactory year's Foreign press reports that the working, during which a net pro- Italian

Government has conveyed fit of. $197,619.24 was made and direct assurances to the Govern-[the bank overdraft reduced by `al- ment in Athens-concerning-Italy's most-two-lakhs, was revealed at attitude towards Greece are stated the annual meeting of the Macao in informed political circles to be Electric Lighting Company this true.

morning.

It is added that in view of this attitude it would be folly for

Those present included Messrs.

Greece to perceive danger for her-F. J. Gellion, (chairman) Henrique self and other Balkan States in the Nolasco, and Wong Yu-chiu -(direc- "totors) Mr. M. M. Watson, represent- measures taken by Italy

and stabilise peace" by consolidating ing Messrs. Johnson, Stokes

Masters (secretaries) and Messrs. the Italian position in Albania.

A. B. Rayworth and A. Ritchie. May 3 Trans-Ocean.

(shareholders).

Hong Empress Kong

Shang- Naga-

Yoko

hai

of

:

Leave

Arrive

saki Kobe

Leave Leave

hama Honolulu

Leave

Leave

Van- couver Victoria Arrive

:

Canada Apr. 14 Apr, 16 Russia Apr. 28 Apr. 30 May 2 Japan May 12 May 14

Asia May 26 May 28 May 30 Canada June 9 June 11

Apr. 19 Apr. 21

Apr. 28

May 4 May 6

May 13

-May 19

May 17

May 19

May 25

May 30

Jano 1

June 3

June 10

June 14 June 16 June 23

ALL ABOVE SAILINGS VIA HONOLULU

June 16

June 28

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

TO MANILA

Empress of Russia on Thursday, April 20th:

・Canadian Paci

Pacific

Union Building

SPANS THE WORLD

Telephone

20762

G. FALCONER & CO. HONG KONG LTD.)

WATCHMAKERS & JEWELLERS, DIAMOND MERCHANTS, UNION BUILDING (opposite G.P.O.)

Agents for:-ADMIRALTY CHARTS, -- ROSS' BINOCULARS and TELESCOPES, KELVIN'S, NAUTICAL INSTRUMENTS, ENGLISH SILVERWARE Direct from Manufacturers, High Class. English Jewellery

INDO-CHINA

STEAM NAVIGATION COMPANY, LTD.

SWATOW, SHANGHAI

TO SANDAKAN..

CHEFOO & TIENTSIN, "Mausang” 28th Apr. 10 a.m. **Taisang" 12th Apr. 3 p.m. "Woolgar" 12th May Noon "Mingsang" 17th Apr. 4 p.m. To SINGAPORE, PENANG

AND CALCUTTA.

"Esang"

19th Apr. Noon

“Fausang" 21st Apr. 10 a.m. Suisang" 21st Apr. 2 p.m. "Chakrang” 23rd Apr. Noon ("Kutsang"

"Taksang" 26th Apr. 3 p.m. "Kwaisang" 28th Apr. Noon

To HAIPHONG.

13th May 2 p.m.

"Taksang".

“Wingsang"

18th Apr. 5 px 19th Apr. 5 pan.

28th Apr. 3 p.m. 29th Apr. 3 p.m.

To KOBE & OSAKA. “Kutsang" : 19th Apr. 9 a.m. "Yusang" 2nd May 7 a.m. "Wosang"

“Kumbang"!

JARDINE, MATHESON

& CO., LTD. GENERAL MANAGERS.“

TELEPHO

WEST

COAST

after

The Chairman said that providing for depreciation the sum of $95,415.20, there remained a net

LIFE'S GOOD YEAR profit for the year of $197,619-24

of

The last year proved another sucwhich, together with the sum cessful one for the West Coast Life $105.887.48 brought forward from Insurance Company, according to the last year, made a total of $303.506.- annual report. Briefly, it points out

that admitted assets total U.S.$24,899,-72 for appropriation. 850,67, an increase for the year of U.S.$1,013,622,72.

"With this, it is proposed to pay

The total of capital stock, surplus a dividend of $1.25 per share on and contingency reserve amounts to 90,000 shares, absorbing $112,500; U.S.$973,642.88, which is additional'

to pay to the Government of Macao protection for policyholders.

The insurance in force increased to 5 per cent, on the amount distri- U.S.$119,273,804.00. New premiums in-buted as dividend as per Clause 15 crease of 17.2 per cent. over the totalled of the Concessionary Contract,

U.S.$329,404.00, showing an previous

transfer to

amount of

year. Total premiums, new and reabsorbing $5,625; to newal, were U.S.$4,431,460,00, an in- General Reserve the crease of U.S.$260,638.72 or 6.2 per $50,000; and to carry forward for cent, over the previous year.

sum of

the

Favourite rate of mortality experien-next year's account the ced by the Company was low, being $135,381.72. 55 per cent. of the expected.

"I am very pleased to say that Disbursements to

company's policyholders during 1938, exclusive the year under review met with of policy loans, total U.S.$2,893,504,00. our expectations, when the total Since the organization of the company Kwh. sold increased by 15 per cent. in 1906 the amount of benefits distri-

buted in cash to policyholders and their and the number of consumers beneficiaries total U.S.$43,113,665.64.

10 per cent.

by

Requests for surrenders and policy loans have been the lowest for many The Company's Plant and Equip- years past, and substantially lower ment has given every satisfaction than the previous year, which is indi-and has been maintained in a high cative of continued general improve- ment in business condition.

Hong

LOCAL DOLLAR The demand rate on the Kong dollar to-day was 1/2-5/8.

"Spot" silver was quoted in London at 20 and forward at 19-11/16.

The London, on New York rate was quoted at -U.S.$4.6812. and the New York-London "rate at £--U.S.$4.68-1/8,

state of efficiency.

The accounts were approved.

Mr. N. G. Beale was unanimously re-elected a director, while Messrs. Lowe, Bingham and Matthews were re-elected auditors.

ROBBERY WITH VIOLENCE

Two clothmakers, Lok Sui-wah,

A sum of $300 was stolen from the Hong Kong Jockey Club ser- vant's quarters, between 6.20 and 30, and Lok Kwai-ming, 18, were

9 a.m. yesterday morning.

charged before Mr. R. A. D. For- rest at the Central Magistracy this morning, ́ ́.with robbery with violence. f

It was alleged that defendants- held up a Chinese, Wu To, at a path between the Hong Kong Jockey Club stables and Tai Hang Road, and escaped with the sum of $180 in Hong Kong currency, a silver pocket watch and a-wallet.

Defendants were remanded three days for further enquiries.

Detective-Sub-Inspector W. N Darking is in charge of the case.

ARMED ROBBERY

Three houses in Sheung Shiu district were raided by five robbers at about 1.80 a.m. this morning, who escaped with a haul of money and fewellery to the value of $861.-

It was stated that the men, arm- ed with revolvers and daggere, en- buses of To Yung, 65,- loyed, Kwok Lin-chi, 88, led woman and Lai- spinster.

The alleged robbers fled towards: Tai Po.