1914-04-18 — Page 3

Page

UNION INSURANCE SOCIETY OF

CANTON, LTD.

COMPANY, MEETING,

THE HONGKONG DAILY PRESS. SATURDAY, APRIL 18TH, 1914.

BRITISH NATIONALITY BILL. In moving the second reading of the British Nationality and Status of Aliens

HONGKONG SHARE MARKET

Mesars

Vernon Smyth in their

The dist ordinary meeting of the above THE CHINA TRADERS INSURANO weekly share, report dated 17th April Bill, in the House of Lords last month,

COMPANY, LIMITED.

Society was held at the offices, 2, Queen's Buildings, yesterday. Mr. W L.

The 18th ordinary yearly meeting of Paltenden presided, and those also present the above Company was held at the head were:-Messrs. J. W. G. Bonnar, E. H. office, 2, Queen's Buildings, yesterday Dodwell, H. A. Siebs, J. A. Plummer, and Mr. W. L. Pattenden presided, and those 1. H. Holyoak (directors), and Messrs. also present were:-Messrs. J. W. C. C. H. P. Hay (acting secretary), W. G. Bonnar, S. H. Dodwell, H. A. Siebs, J. Darby, W. Dunbar, Ho Fook. A VA Plummer, and P. H, Holyoak (Dirce Apons, C. D. Wilkinson, C. Pemberton,tors), along with Messrs. H. C. Gray T. F. Hough, F. Maitland, C. B. Brown, F. Hall R. H. Whittal, V. L. Remedies and C. C. F. Curiningham.

A. E. 8. Alsen, M. E. Souza, and B. The Acting Secretary read the notice. Cunha, with Mr. C, H, P. Hay (acting convening the meeting, after which the

The CHAIRMAN said: Gentlemen, --- Before proceeding with the business of the mecting, I will first refer with deep regret to the death of Mr. G. Friesland, who but for his untimely decease would have coupier this chair at this meeting. He ockeen interest in the affairs of the Society, and his memory will be retained by your directors with high regard. The pore having been before you for some time, I will, with your permission, take it, as well as the auditors' report, as read, The premium income for 1912 shows a

secretary).

The Acting Secretary read the notice convening the meeting, after which

The CHAIRMAN said: Gentlemen. Before proceeding with the business of the meeting I wish, on behalf of the directors, to express the sorrow that we feel that Mr. G. Friesland is no longer with us. He took a great interest in the Company's affairs, and but for his untimely decease would have presiden at this meeting. With your permission, 1 will take the report and accounts and auditors' report as read. A comparison

stal-

The Earl of Halsbury thought it would A not be possible to exaggerate the import- ace of this Bill, but it required careful study and he would be very sorry if it passed without any amendment at all. In a cursory glance he had seen one or two

The Bill was read a second time, things which raised important principles.

GROWTH OF GOLF FOR WOMEN.

Lord Emmott said the Bill provided, Naturalization on a uniom and definite for the first time, for a system of Imperial basis throughout the whole Empire. Al present, an alien naturalized in the United Kingdom carried with him, either world practically the same privileges sa by right or by courtesy, over the whole a antaral born British subject, subject, of upon him by the country of Bis original mentary on the progress of ladies' golf course, to any claims that might be made citizenship when they conflicted with his than is supplied by a glance in the index newly-acquired nationality. That did of the first edition of the Badwirton not apply, however, to aliens naturalized volume, published in 1890. There are but been dificult to find a right remedy. The of the foundation of the Ladies Club at in other parts of the Empire It had thres allusions to be found, one to the date

MEMORIES OF YESTERDAY.

There is no nioré instructive cou

considerabin increase over that for 1911. of the years 1911 and 1912 shows an at $330. North Chinas have been a que privileg's inconsistent with the dis-edition, published twelve years later,

Part of this is fine to the sterling figures increase in the net premium of the latter, beng converted into dollare at a lower part of which is due to the fall in exchange. There is little alteration in the rate of exchange, and part to the better divisible balanos which we propose to state of trade generally throughout the

Ideal with as follows: To pay a

final The year 1912 was a memor dividend of $6 per share, making $10 for year. able

-for. Marine Insurance

the year; to add £10,000 to reinsurance it Companiés, for had to meet

number of ner losses, the most fund, and to carry forward the balance with no business to report. Indo-Chinas Those wers the difficulties that had to golf as an do; they play the game with notable of which was the Titanic, and to underwriting suspense account.

us t

INTIMATIONS

BEAUTY OF

Skin and Hair

V

Enhanced by

CUTICURA Soap and Ointment

No other emollients do so much for the complexion, hair and hands, nor do it so quickly and economi cally. Their use tends to prevent pore-clogging, pimples, blackheads, redness, roughness and other un- wholesome conditions of the skin.

· Calleute Soap and QENIEGON 6 sold everywhere. Ram- pie of each with 32-p. book free frax Lenront depot: Newbery, 27, Charterha:290 Hq., Londing. I. Tawan & Co, Sydney, N.ß, W.; Lennon, Luf, Cape Towas Anker, Madcat & Co., Calutinn bay: F

Deng & Cham, Cari, sole projw.. Natan, Vilà. Tinder-Tuned men chave in comfort with Cul- Cara Saab Shaving Stick. Liberal samtals free.

The local market has ruled firm generally during the past week, with a tendency to expand, but Langkats" still continue to attract considerable attention, and have Austuated to a con- siderable extent during the period under review and now close with a nominal quotation of Tis. 45. "Rubbers" still remain a quiet market, and the "Tin" Mmarket according to our latest Home advices in quiet, with prices slightly easier. Fine Hard Pora is advised as

chief difficulties arost, first, from the fact Pau, another to the existence of putting having improved to /111 per b., and that the conditions of naturalization in courses for ladies, and the third couched plantation sheet to 2/11 per lb. The the United Kingdom differed from those in these rather ominous terms Ladies, open market rate of discount is gnoted in the Dominions, and the conditions in effcet, of their presence at golf.""

every Dominion differed from those in

This last reference is to the pleasantly at 23-18 per cent, and the Bank of Eng other Dominions. In the second place, discursive chapter by Lord Moncriefi, in land rate stands at per cent, Bar the tests with regard to residence in this which be treated the subject in a tone of Silver is quoted at 26 13-15 for ready, and country were more stringent than those friendly bauter, welcoming the existence 10131 for forward. Sterling TT at in most of the Dominious, and we could of laulies courses as a kind of Jews 1/11 Shanghai T.T. at 74 and Singa- not possibly relax the tests in this quarter doubting the expediency of pore T7 at 835 Consols have a quota country, because we could not afford to ladies playing the full courses

on two tion of 784,

---contemplate a very large immigration grounds-first, that if they played in been placed at 9910, and are advised from of such relaxation. In the third place, secondly, that if you played with them BANKS.Hongkong and Shanghais have from the Continent of Europe on account front of you they got in your way; London as having selfers at £83,

MARINE INSURANCES-Unions have had there was a good deal of fear on the part in a foursome, gallantry would break sales at 8840, and Cantons close on offer of the Dominions that a system of through and disturb the ideally-con

Imperial naturalization might give centrated frame of mind. In the seventh market, as have also Yangiszes, and have now a nominal quotation of Tls. 345 and crimination already exercised in some of there is a solitary allusion to the Ladies Che Dominions between different classes of Championship and a list of the winners $210 respectively

FIRE INSURANCES.-China Fires remain British subjects. In the fourth place, of it, but Lord Moncrieff's remarke stay unchanged with a nominal quotation of there was some fear that an undesirable unchanged and seem to have grown more 8148, and Hongkong Fires have buyers at might receive Imperial naturalization in flippant in the keeping. Now, whor $356,

one portion of the Empire and use that another twelve years have gone by it SHIPPING Hongkong. Canton and naturalization for entering another would be impossible to imagine the subject Macaos have been the medium of business portion of the Empire where he would not so cursorily or so irreverently dismised at $281, and Douglases are on offer at 935 have been able to obtain naturalization. Ladies weite almost as many books about As close with sellers at 889, and are advised ba met. A Just as much enthusiasm, and organiz from London as having a middle quota IMPERIAL SOULEMENT UPON THE BILL themselves for that purpose, in it closed with a series of storms which regards 1913, the figures, as far as they tion of 147/6. Star Ferries have sellers The matter was considered by a Depart finfinitely more business-like manners

The old Jews' quarter caused considerable dainage. The main-go, compare favourably with preceding at $481, and China and Manilas are mental Committee in 1901, and as the

has either tenance of our divisible balance, may years, and we have no hesitation in i wanted at *s, with no shares obtainable as Fresult of negotiations with the Dominious disappeared altogether or has been rei

aires that date an agreement was unani formed out of knowledge, for it would therefore be looked upon as quite satis.recommending the payment of an interim

ence of 1811 The Bill amended the com ** containing some short putting holes, factory. Turning to the balance sheet, dividend of 34 per share, and bonus of fairly steady with the exception of Shellyely reached at the Imperial Confer indeed be dificult to find a course to-das You will notice a commendable increase in 20 per cent, on contributory premium, which have failed to maintain their last mon and Statute law of this country some longer holes, admitting of a drivs prices have been received from Hou to effect of the Bill was to put a naturalized few suitable hazards. The question of suspense account. The figures at which you is very satisfactory, and if any share day, viz. Shells 105/7), Gral Caspians alien in the same position as a natural the exped escy of ladies playing the full

53/9, and Mexican Eagles 40/4

REFINERIES-China, Sugars have been born British subject, save in the case round still exists on Saturdays and sold at $82) and close with buyers in where two nations laid claim to him, as a Sundays; and at one golf club blessed evidence at $82. Lizans are unchanged national. The Dominion Government with two courses the ladies are by with sellers at $28.

were given the same power to grant delicious irony compelled to play at the WATCHMAKERS MINING-Raubs are now un offer at certificates of naturalization as was given week-end or a course which is probably 83.10 without leading to business, and to the Secretary of State in this coun-in its present condition longer and more. Mr HAY seconded, and this was un- Heawoods still retain a nominal quota try. In the case of other Colonies, the sever than any other in the three animously carried.

tion of 2/6. Kailans are inquired for Governor was given a like power anbject kingdoms The whole attitude of mind. at 39/- and are advised from Home as to the approval of the Secretary of State, however, of the male golfer who finds two having a middle price of 40 Tronohs This part of the Bill would have no effect ladies playing in front of him is greatly are on offer locally at 5, and according in a Dominion until it had bren adopted changed from what is one was. They to London advices, stand at 36/10 middle by the Dominion Legislature. The con play if hot actually faster than men, at

DOCKS, WHARVES AND GODOWNS.-Hougditions of naturalization in sections any rate proportionately faster. Having SURVEYING kong and Whampoa Docks have beers a enforced five years residence and the either a tenderer conscience or a more quier market and close on offer at: 300 last year of residence must be in neute self-consciousness than a man, a Kowloon Wharves are again easier, and that part of the Empire where the appli lady will cover the ground between her THEODOLITES AND LEVELS. can be obtained at 991 New Amoy cant had been living. He must be a man strokes at an astonishing pace; as com Docks again close with a nominal quota of good character, speak the English pared with far too frequently encountered tion of 851. Shanghai Docks are wanted language or in the case of any part of old gentlemen, she is as an express train at Tis. 57, and Shanghai and Hongkow the Empire where another language was to an ebstinate donkey that nibbles the Wharves retain a nominal quotation of on an equality that other language. He hedges as it goes. These remarks refer TIs 04

PINS, Muje state he intended to reside in his marcover only to the rank and file of lady LINDS, HOTELS AND BUILDINGS.-Hong. Majesty's Dominions and take the oath golfers, or to those who coruscate in club kong Hotels have buyers at 8123, with no of allegiance. shares obtainable. Hongkong Lands have been sold at $110, and now close with on offer at 88, with no business to report, buyers offering 8111. Humphreys remain Kowloon Lands and West Points remain as previously advised, viz., 844 and 400 nominal.

reinsurance Fund,

and underwriting

our investments stand are the market values at the 31st December last. First- class sterling securities were then, as you nre aware, greatly, depreciated, and elthuagh we have a comfortable suma in investment fluctuation account to enable them to be written down oven further, the

holder has any questions to ask, I shall be pleased to answer them.

There were no questions, and the CHAIRMAN thereupon moved the adoption of the report and accounts.

Mr. GRAY proposed the re-election of

Messrs. 8. H. Dodwell and J. A. Plummer

as directors.

Was

This was all the business, and the CHAIRMAN announced that the dividend. warrants were now ready and could be had on application."

THE SEAPLANE CARRIER.

the rate.

*

· Orts.—The "'Oil ” market: has remained.

...an

and county matches, and would not retard the youngest and most deshing of men.

recent upward movement leads us to hope that the account will be more likely to Κουτ recover itself than otherwise.

Mr. HALL seconded, and this was un- directors are pleased to be able to recomanimously agreed to. mind payment of a final dividend of $20

Mr. WHITTAL proposed the re-appoint per share, making a total of 350 for 1912;nent of Messrs. A. R. Lowe and Bernard the transfer of £25,000 to sterling reserve, Brown as auditors to the Company. and the carrying forward of the balance Mr. CUNHA seconded, and this of $400,077.89 to underwriting suspense approved. account. Turning to 1913, the figures show an inerased in the balance carried forward, and we feel that we can safely

NATURALIZATION BY FALSE REPRESENTATION

In section 7 new power of "great im- A SEPARATS AND INDEPENDENT GAME, recommend the payment of an interim

Ladies' golf has grown in a wonderful dividend of $30 per share and a bonus

there had been cases of abuse owing to way in the last ten years, and the vigour portance was given. Under the old Act of 20 per cent on contributory premiums. wid

aliens obtaining British nationality and of its sprouting is not more notable than I am sure, gentlemen, that you

then going abroad for objectionable pur- the independence of it. It was nothing agree that the statements of accounts are

poses. In many cases they obtained their to male golf; it has nothing to do with it very satisfactory, and cadorso our action

certificates owing to false representations, there are two separate worlds of golf, and and this section would give power to une is man's and the other is Woman's in voting w bonus of 18 per cent of a years salary to the provident fund of

Among the details of “further new con-

revoke a certificate obtained in this way. This is not to say that the two never play each member of our staff who is in the struction in the Navy Estimates for

The Bill gave power to grant Imperial together; at seaside resorts there are to Society's service at the end of this month. 1914-15 are two novelties. For the arst

naturalization throughout the Empire or be seen mixed eightsomes in which fathers, Before proposing the adoption of the time there appears after the usual hist of

the same terms as it was granted in the mothers, sisters and brothers will simul report, I shall be glad to know if any ships of the new programme the entry

United Kingdom. It was clear that we taneously deploy along a range of sand- shareholder wishes to ask any questions, ** aircraft, which may, and probably

should not be justified in relaxing the hill, to the fury of those behind and the There being no questions, the CHAIRMAN does, mean both airships and seaplanes. MISCELLANEOUS - Hongkong Electries present conditions, as we were close to consternation of the secretary, who has proposed the adoption of the report and For beginning these aircraft the House have been placed at $45 and 846, and close the thickly populated countries of Europe, allowed them all to play for one inclusive of Commons will be asked to vote with buyers at the latter rate. China where wages were lower and conditions family green-fee. But as far as the gume. sconding Mr. DENAR gaid-In £167,008. The seroud and even more in Borneos have buyers at $10 (ex div), not so satisfactory, and as old-age pen played in a solemn and competitive spirit,

abip for carrying Dairy Farms at 837, Lees at 918a, Hongkong sions and national insurance had given is concerned, the sexes are far apart. sixouding the adoption of the accounts teresting novelty is a

Very ccasionally some une presents & for the past year, I do so with considerable seaplanes, and for this vessel's construc Reps at 1 Steam Laundries at 4. an additional inducement to aliens to pleasure. The balance sheet shows clearly tion the first instalment of cost is £60,072, and Watsons at 88 China Lights are on come to Eugland. The Dominions had cigarette case and an aigrette, and thea the ability and foresight, with which this ar more than the aggregate sum wanted offer at $1.10, Providence at $81, Hong-appreciated this, and after long negotia there is a mixed foursome tournament, for beginning the three light armored Kong Trams at 8/6, Peak Traps (new) tion the matter had been settled by com- but it is more in the nature of a conces Company has been managed in years

mon.consent. Imperial naturalization sion to sociability and' an excuse for cake

attints.

A. NEW FACTOR IN NAVAL WARFARE.

COTTON MILLS.--Hongkong Cortons te main on offer at 8, without any busi ness to report, Ewus close on offer at Tls. 132, and Kung Yike at Tis. 11. Lsou Kung Mows have a nominal quotation of Tls, 68, and Shanghai Cottons have buyers at Tis. 110.

Chinese Engineerings. 307* - Hongkong Electric Trams 8/6 Tronoh Mines, Ltd. 38/10

53/0 Ural Caspians

40/- Alexican Eagles... Shells TransportBearer 105/72 British Burmah Petroleum: 5/ Maikop Pre. Oil Syndicats 15/4) United Serdangy

10/2

Venture Trust, Ltd.

CHS. J. GAUPP

&

CO.,

AND

JEWELLERS.

INSTRUMENTS

BY

W. F. STANLEY & CO., LTD.,

E. R. WATTS & SON,

LONDON.

CARL ZEISS. JENA.

Representatives MAPPIN & WEBB LTD..

LONDON.

ALEXANDRA

BUILDINGS.

CHATER ROAD

CALDBECK,

gone by. The building up of the reserves cruisers which are to be built by contract. at 93 cents, and Waterboats at $20. The old be given in the Dominions subject | than a serious game; there has been one i enables the management now, when rates Manifestly this is a vessel the completion following close with a nominal quotation. of premium are lower, to cover a much of which it is desired to accelerate.

There is nothing in its way more note viz., Green Islanda 86.25, and Powells 86 larger field, and thus krep up the earning worthy about the naval shipbuilding of Peak Trame (old) have been placed at powers of the Company. The statement late years than the steady growth of the 10.40. of accounts shows with a paid up capital auxiliary. It is just upon 10 years ago

LONDON QUOTATIONS.-The following of 1,240,000, the Company has now that the conversion of some obsolescent quotations (middle price) were received accumulated fands of over $11,000,000, or fighting ships into oilfuel vessels began from our London Agents by wire this equal to nine times the paid up capital, and was followed by the construction of morning :-- and this after treating their shareholders a ship to carry petrol to submarines, a Indo-Chinas (Combined)...14716.

To distilling vessel, and a repair ship. Now with liberal dividends every year, my mind it shows the Company is, and in addition to older war vessels which has been, managed in the interests of the have been converted inte mine-layers and so on there are nearly 50 vessels which shareholders. The interest account is now about equal to the dividends being paid, have been built or purchased to be en leaving the underwriting pronts to ploved as seagoing auxiliaries to the feet: farther build up the reserves, which is or the flotillas, of torpedo craft. But

The Company seaplane carrier as a new construction is certainly sound business.

us a new construction has gained this enviable position, and a novelty. may now be regarded as one of the. The function of this vessel is to increase Rubber Plant. Inv. Trast;, 13/6 premier marine insurance companies of the range of action of the seaplane. She the world, by the prompt adjustment of will probably also act as a mother ship claims and the broad lines on which it to submarines. For successful submarine Is managed In locking back over the warfare we must have the mastery of the work of 13 years, He sus ecretary and finds is difficult to locate its prey. A brother of Mr. Maurice Hewlett (turned to the country of their origin in There are any matches, both amaging

43 we still find the names air. The submarine has no eyes, and thus underwriter. May their good manage wider range of vision is what the sea well-known novelist), has decided to go to at org. continue. The dividend of plane can give it, but for this purpose Kumamoto, on the west coast of the island 250 per share is, I think, liberal, and the aircraft must accompany the sub- should meet the approval of the shar- marines to sea Hene the plane carrier of Kyushu, Japan, to spead the remain holders, and the placing of 15 per cent. from which the airman will rise, and byder of his life on the leper station there. "wireless to the mother ship will direct of the staff's yearly salaries to the pro- the submarine to its quarry. During vident fund is a wise provision. With the muntures of last year an attempt. these few remarks, Mr. Chairman, I beg was made to utilize for this purpose an to second the adoption of the accounts. old cruiser; something was learnt, but the

The proposition was then put and unanimously carried.

to precisely the same terms and conditions set match between the sexes at Stoke Pages, and there was the historie encoun- as in the Mother Country.

The Earl of Belhorne said frem his ex- ter between Miss Leitch and Mr. Hilton, perience of servies outside the United but these two were wholly extraordinary Kingdom he regarded the Dill as one of events. In their workaday golfing ives great importance, and he congratulated the en toil at their monthly bogeys the the noble lord that it had fallen to his lot women at their team matches and ap- to, take a large share in bringing a very proaching and putting competitions, and complicated and dificult negotiation to neither party knows nor cares very much MACGREGOR & C a successful end. Those had not what the other is about. It is an entirely travelled into other parts of the Empire different state of affairs to that in lawn could scarcely imagine the chaos that tennis, wherein there is a championship- prevailed in this matter, particularly in for mixed doubles. To the golfer the South Africa. Several gentlemen of mixed foursome championship is unthink German extraction came to him in able, and that not only to the man the Johannes to them seemed perisctly it as frivolous and vexatious, The four- and Pretoria with a real woman would be equally ready to contemn grievance, inexplicable. They had been resident in some is not of course an integral part of South Africa for many years, and were the game as the double is in lawn tennis, naturalized in Cape Colony. They found they were not British subjects in the and as for serious singles men and women Transvaal, in Natal, or the Orange Free ever meet in them at all.

It is rather hard to say what is at the LENDERS IN THE EAST. State, nor if they went abroad could they back of this clear-cut division. Perhaps their nationality recognized. 16their is the never about use of handicap.

M. WILKINSON proposed the re-election of Messrs. S. H. Dodwell and J. A. Plummer as directors,

Mr. MAITLAND Conded, and this was unanimously agreed to..

Mr. HOUGH proposed the re-appoint ment of Messrs. A. B. Lowe and Bernard- Brown as auditors to the Society, at remuneration of $1,000 per annum each.

Mr. Dansy seconded, and this was approved.

There was more business, and the CHAIRMAN announced that the dividend Warrants were now ready and could be had on application at the office.”

trial was not entirely satisfactory. The new vessel is a further experiment, and, if successful, will soon have sisters. In the submarine, piloted by the seaplane, lies the unknown factor which may be decisive in the naval warfare of the fature.

Manila papers report that P2,000,000 has been subcribed by capitalists of Idaho, and corporation has been organized to develop the natural resources of the province of Surigao, Mindanao, The organizer of this corporation is General D. A. Utter, of Boise, Idaho. He had made investigations in the islands and will return to Manila in May.

1/3

The Rev. Alfred Stephen Hewlett,

TAFSCHMAR

70]

(ESTABLISHED 1864).

THE OLDEST FIRM OF WHISKY

cass of need they were indignantly re- and exciting, in which strokes are given V.O.S. pudiated because, although they were not or received, but it is impossible to get except Cape Colony, they had ceased to gives rise to the genuine strain anì th British subjects in was part of the Empire away from the faith, the able to get be German subjects.

PERTUSSIN.

bas been

Is a harmless and efficient remedy against all dizesses of the respiratory organs, especially WHOOPING COUGH, CATAREH OF LARYNX, ACUTE AND CHRONIC BRONCHIAL

which CATARRH, ASTHMA, &fu

recognised unequalled by the highest authorities Alas tho AFFECTIONS OF THE LUNGS will be grantly relieved by the use of it

TO BE HAD AT-

THE MEDICAL HALL.

HONGKONG.

WHISKY

AND

CALDBECK'S

LIQUEUR

WHISKY

genuine triumph or misery, is that ini which the players meet on level terms, and in matches between men and women this is, in any real sense of the words. impossible. It is true that a lady who is "scratch" may play against a man who is handicapped at six or so, but that is but a poor thing in the way of matches and gives cause for uneasiness to both Parties On the

one hand it is not very entertaining for the lady to play against and.. possibly be beaten by one who is essentially her interior and only makes up for lack of skill by brutal and ignorant violence; on the other the man who does not mind being beaten by z woman on level terms uncommonly-CONSUMED IN THE EAST.- rare. Among his male fellow-foolers i man may be humble enough, bub as soon as it comes to encountering Jadies then.. as Miss Pole said when cho was annoyed with Mr. Higgins, "Every mother's son of them wishes to be considered Samson and Solomon rolled into one. The Timex.

ARE TWO OF THE BEST KNOWN

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