1939-04-12 — Page 3

THE CHINA MAIL, APRIL 12, 1989.

SHARP FALLS IN PRICES ON EUROPEAN MARKETS: PRESSURE ON GUILDER

a

y, Supr

London, To-day,;1991 The sharp declines on the principal European Bourses yesterday came as no surprise on the reopening of the markets after the holidays. The Paris Bourse was depressed owing to con- ...siderable volume of selling, with Rentes de-

clining from one to two points. At Amsterdam, leading stocks weakened up to 15 points, though fervousness was allayed some- what by the speech of the Premier, Dr. Colijn.

On the other hand, though prices On the other hand, keen bidding on the London Stock Exchange were for U.S. dollars was visible in Am- marked down, · hot much selling sterdam, whore the guilder rate was pressure was visible...

maintained only owing to large sales of U.S. dollars by the Dutch Equalisation Fund.--Renter.

British holders mostly refused to be stampeded, and further encour- agement was -- dérived from the smallness of Continental sales which, owing to the prevailing Europeza nervousness, had been expected to be larger.

BUYING OF DOLLARS

:

SCHOOL OVERWHELMED

BY AVALANCHE

Beine, To-day

A' children's – boarding school near Berne was, overwhelmed by an avalanche yesterday.

Five bodies have been recover.......

ed and it is understood 17 are

entombed.

Rescue parties are working ceaselessly but there is no hope of bringing out - alive - those buried. ----Reuter.

SPANISH AGAIN FIGHTA DA BULL

Page

Men Who

Will Be

Outlaws

A new weapon has been devised

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by the Government to deal with conscientious objectors and war, re

sisters. They will be outlawed.

The plan which has been worked out by Sir John Anderson's depart ment, is that conscientious objec- tors will not be put in prison.. In effect, they will be deprived of citizenship.

In unofficial conversations it has been stated, that they will not be allowed to take any job anywhere connected directly or indirectly with national service.

San Sebastian, To-day.

A well-known social worker who During the Easter holidays, concerned himself with the welfare of conscientious objectors during bull-fighting began again in Spain,

the last war has discussed the contests being held in Burgos, [scheme with a representative of the

SYRIA PROBLEM Zamora and Barcelona, attended Government.

Paris, To-day.

The High Commissioner in Syria has arrived in Paris to report to The London foreign exchange | the, Government. market was not much affected, the He saw the Foreign Minister, M. rates of leading currencies remain- George Bonnet, in the afternoon. ing comparatively steady.

Reuter

by immense crowds, and in the presence of representatives of the authorities.

"Willwar resisters be outlawed to starve?" he asked,

All the satisfaction he got was It had been thought that if Gen- the statement that the Government eral Franco won the war, bull-would not stop war resisters from fighting would no longer be per-applying to the Public Assistance mitted. Trans-Ocean.

Committees for relief.

WEST COAST LIFE

INSURANCE COMPANY.

SAN FRANCISCO, CALIFORNIA

SYNOPSIS OF 33rd ANNUAL STATEMENT, DECEMBER 31, 1938

RESOURCES

First Mortgage Loans on Real Estate First Mortgage Loans on Real Estate, Insured Under the US, National Housing Act (FHA) Loans to Policyholders, Secured by Legal

Reserves on Policies

Government, Public Utility and Other Bonds Stocks at Market Values

· Real Estate Owned and Sold Under Contract Home Office Building

Collateral Loans, Secured by First Mortgages

and Real Estate-

Premiums Outstanding and Deferred, Secured by

Legal Reserves

Interest and Rents, Due and Accrued .

Cash in Offices; in Banks and in Transit Other Resourcès

-TOTAL RESOURCES

LIABILITIES

U.S.$ 5,191,519.10 Reserve on All Outstanding Policies

Reserve for Policy Chaims and Losses Incurred 5,533,835.15 Premiums and Interest Paid in Advance

Reserve for Taxes Payable ̈în 1989) .. 5,367,017.57 Reserve for Dividends to Policyholders 3,140,109.21| Other Liabilities 1,237,058.56 Reserve for Contingencies in Real 1,589,734.91] Estate

U.S.$22,982,425.77 ·

271,365.38

304,309.57

46,858.17

188,380.11

132,368.49

$ 94,000.00

* 222,000.00

774,709.67 Reserve for Contingencies in

Mortgage Loans

}

78,438.45 Reserve for General Contingencies

Capital Stock

846,091,53|Unassigned Surplus

203,345.29

766,516.15

170,975.14 TOTAL SURPLUS RESOURCES

U.S.$24,899,350.67|

TOTAL - LIABILITIES

57,642:88

376,000.00. 225,000.00

U.S.$973,642.88

U.S.$24,899,350.67

In 1938 there was an increase

insurance in force and in assets.

U.S.S- 829,404.00 an increa received, new and renew total U.S.$4,431,450,00

Premiums zmounted

Farments to policyholders for the: car, 1938 equalled .

the previous year of 17.2%

$6.2%

U.S.$ 2,893,504.00

Paraments to policyholders and beneficiaries since the organization of the Company total U.S.$48,113,665.64 AST, LIFE SERVICE, IN ADDITION TO THE REGULAR BUSINESS, EMBRACES JUVENILE POLICIES, PENSION BONDS, RETIREMENT CANNUITIES: GROUP LIFE INSURANCE AND COMBINATION ACCIDENTAL

DEATH AND DISMEMBERMENT INSURANCE.

Agencies in Principal Cities Throughout China

Branch-Manager:

Hong Kong Branch Office

E. R. Divett

Floor Holland House,

81513.