1939-04-28 — Page 20

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Japan May 12 May 14 Asia May 26 May 28 May 30 Canada June 9 June 11 Russia June 23 . June 25 June 27

May 17 May 19 May 25 June 1 June 3 June 10

June 14 June 16. June 23 June 29 July

June 16

June 28 July 10

THE CHINA MAIL, APRIL 28, 1999,

CHINA UNDERWRITERS MEETING

business, but in the circumstances there has naturally been a considerable fall- ing off.

REDUCED CLAIMS

In the Fire Insurance Department Premiums at $102,859 compare with the figure of $102,996 · in 1987. Claims at $45,257 show a reduction from the figure of $55,556 last year. Expenses, excluding Commission, have been reduced from $22,530 to $20,356. The Hon. Mr. A. L. Shields pre-The Fire Insurance Fund has increased sided this afternoon at the annual from $78,077 to $98,148.

In the Marine Insurance Department meeting of shareholders of China Premiums at $122,942 show an increase Underwriters, when much improv-over the figure of $110,363 last year, Fed results were reported.

the increase being largely due to the

The Chairman said:-In the Life As-collection of War Risk premiums. surance Department New Business Claims, at $46,140 show a very consi premiums at $126,471 are about the derable reduction from the high figure same as last year's figure.

of $102,975 last year which, it will be the

Renewal Premiums have increased remembered, arose largely from and the total premium income at $661,- payment of Typhoon claims. The pre- 417 shows an increase over the figure sent figure is, moreover, considerably lower than the 1936 figure. The Fund of $648,182 last year.

Death Claims at $87,852 show a con-has increased from $127,920 to $167,- siderable decrease from the figure of 892

The results, in the Accident Depart- $131,533 last year. Claims by Matur- ity are reduced from $67,954 to $43, mont have not been satisfactory owing Surrenders show ап increase to a heavy claim experience in one sec- May 30907.

been from $124,738 to $137,413. Expenses tion of the business which has excluding commission amounted to discontinued.

3 The Premiums show reduction $218,446 which is very slightly in ex- cess of last year. The Life Assurance from $50,945 to $44,176, and the Fund Fund shows an increase from $591.815 shows a decrease from $82,386 to $20,- to $824,436.

613. Bearing in mind that the unex- Unfortunately the extension of the pired risk decreases with the decrease Sino-Japanese hostilities to South in business, this should be adequate to. China made it necessary for us to close cover unexpired risks under the polic- our Canton Office during the year. We lies without any transfer from Profit have had a fair measure of success in and Loss.

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

TO MANILA

Empress of Japan on Friday, May 5th

Canadian Pacific

Union Building

SPANS THE WORLD

Telephone 20752

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 Clam English Jewellery

INDO-CHINA

STEAM NAVIGATION COMPANY, LTD.

SWATOW, SHANGHAT CHEFOO TIENTSIN.

30th Apr, Noon 3rd May 4 p.m. 7th May Noon 9th May Noon 10th Bla

14th Ma 17th-

SANDAKAN.

Woolgar", Mausa

12th May Noon 26th May 10 a.m.

To SINGAPORE, FENANG

AND CALCUTTA

Noon "Kutsarig"

18th May 2p.m.

22nd May 2 p.m,

To HAIPHONG Wosang

29th Apr

18th

JARDINE MATHESON

Noon

| collecting renewal premiums from this

SECURITY VALUATION

In the Profit and Loss account the. main item is the interest not carried to other accounts amounting.to $58,626. After transferring $50,000 to General Reserve account there remains a ba lance in Profit and Loss Account. of $16,559.

The principal feature in the Balance Sheet calling for comment is the valu.

·ation of securities.

Excluding securities in Chinese Cur- rency represented by our holding in Shanghai Debentures, the fluctuations in the value of securities approximate-

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ly balanced out but the value of the Shanghai securities in Chinese Nation- al Dollars show a depreciation of near- ly HK$100,000, almost entirely due to the fall in the National Dollar - ex- change. This depreciation is given ef-

If You Feel Like This, fect to in the Balance Sheet as a reduc-

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tion in the Investment and Exchange Reserve which stands at $107,419 com- pared with $200,350 last year.

loans

There has been an increase in the $408,991 to $687,098.

on Company's policies from Mortgages show,

of

The news these days is often gloomy, but its effects will not be so depressing if you are feeling really well.

To enjoy good health it is essential the Company appear at $2,919,987 com

an increase, and the total assets to avoid constipation, sluggish liverpared with $2,781,218 at the end digestive disturbances, biliousness, and

SHARE-CALL

of

this can best be done with the aid of last year. It will be noticed that the Pinkettes,

uninvested Cash-stands at only $176,- These tiny laxative pills accelerate 279 as compared with the figure of digestion, tone up the liver-prevent and were more fully invested..

1247,967 at the end of 1937 ds. our bilious attacks and sick headaches; by their cleansing action on stomach and

1 bowels they purify the breath, clear: A call of $1 per share was made on the skin, induce cheerfulness and the Company's shares, on the 1st De efficiency. If you feel wretched, dis- cember 1938 payable on or before the heartened, gloomy, see what a bees or 15th March 1988. The response to Pinkettes will do to improve your out. this inay be considered to have been look on life. At all chemista.

the

largas, practically Wijoje: mmDetit has bead-resalved;

Ava noticed the recent re- Kin

Press to a Fire. claim which was

ted by the Com-

You

pany on grounds-of-

The Claim, was' in respect of total Insurances to the value of $150,000 of which this Company" among six, held the leading share.” By agreement the Action instituted by the Insured wES in the nature of a test action against us as the leading Company, and I am glad to say that the result was entire- ly in our favour, judgment with costs being awarded to us without our hay- ing to call any evidence.

The actual net amount at risk to us, allowing ⠀ fór reinsurance, was mall, and any balance of costs which "may" prove"irrecoverable is more than the reserve included

iding of Claims

#hould like to place

sejation of the valu- of the Mans Prizn

Secretaries and

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NOTICE