1933-05-26 — Page 10

10

CHINA UNDER- WRITERS, LTD.

Slight Increase in Prémiums

DEATH CLAIMS HEAVY

Presiding at the annual general meeting of the China Underwriters, 1. which was held yesterday, Mr. A. I.. Shields said that élains by death had been exceedingly heavy during the past, but the premiums for the various insurance had slight-

which you are all familiar,

Premiums at 8648,039 show A Bali increases over last year's figure.

Claims by Deaths. - Claims by death have been ex- ceedingly heavy but this item in- cludes certain amounts reserved for claims not yet admitted and which may not in fact becomes payable.

The Surrenders have again been extremely heavy which has been a characteristic of Life.

HONG KONG DAILY PRESS, FRIDAY, MAY 26, 1933

WM. POWELL, LTD.

Business in, 1932 Not Unsatisfactory

MOVE INTO NEW PREMISES

■

Assurance The 32nd ordinary general meet- was held at the Company's register- Accounts during the last few geaming of Meare. William Powell, Ltd. all over the world.

Expenses show a small reductioned office, 6, Des Voeux Road yester and the Life Assurance Fand at day, Mr. J. H. Seth being in the the end of the year at $179,331 chair. Those present were:-Mr. J. shown a small increase over the H. Seth and Mr. E. M. Raymond amounts brought forward at the (directors); Mr. H. Overy (manag. ing director), Mr. W. L. Alexander beginning of the year.

Fire Insurance Premiums" at (secretary), Mesare, Wong Ping

The Claims experi- do (shareholders). previous year. ̧ Chang Kong and P. V. Botelhoence has again been satisfactory (directors), Mr. H. R. Stura (Man and the Reserves at the end of the

show Aging director), Mr. E. R. Childe year

and Messi Allan 853,533 to 833,000. (cecretary), Keith, H. Figueiredo, Mok Ying Kie. . Dreger, A. L. Alves, Wong Man To and Wong Chung Ho fshareholders).

Those present

were:-Messrs.

ADVERTISEMENTS.

THE HONG KONG JOOKEY CLUB.

THE HONG KONG JOCKEY CLUB

NOTION,

.

May Half Yearly General

UNION INSURANCE SOCIETY OF CANTON, ‘LTD.. (Incorporated in Hong Kong.) NOTICE TO SHAREHOLDERS.

ADVERTISEMENTS.

.

PUBLIC AUCTION.

PARTION

MEETING will be held (Weather | Filing of Voting Members ["▼OTICE IS HEREBY GIVEN DAY of MAY, 1939, at

THE SEVENTH EXTRA RACE Permitting) at HAPPY VALLEY on SATURDAY, TH MAY, 1933, commanding it p.m.

emmanlagt 300 libo Hung Happy Valley on Monday, 29th May,

1993, at 5.80 p.m.

All Members are cordially invited to attend and participate in any discussion which may ensue. »

1.30 p.m

MEMBRES ENCLOSURE. Members are notified that they and their Ladies must wear their Badges prominently displayed.

No One without a Badge will be admitted to the Members Enclosure.

Badgee admitting Non-Members to the Members Enclosure and Club Rooms

Allan Cameron, IA Tso Fong, Mok8121,503 show an increase over the Fan, A. Nissim and H. A. Figueire Ladies (Both inslading Túx) are ob-

CHAIRMAN'S SPEECH Mr. Shields said: Gentlemen:-We have now the pleasure to lay before you our Re rt and the Accounts for the year ending 31st December, 1939 and as these have been in your hands for the required period, I will, with your consent, take them as read.

increase from

Premiums Increased. In the Accident Department Pre- miums show a small increase at $71,990 and the Claim ratio having been satisfactory, the Reserves in this Account have been increased from 843,124 to 872,914. There has been a falling off in our Accident Business in Ceylon which has been made up by an increase in the business in other agencies.

CHAIRMAN'S SPEECH

In moving for the adoption of the report and statement of accounts the Chairman said:~

The result of the year's trading cannot be regarded. as unsatisfac- tory when conditions of trade gen- erally are taken into consideration, in addition to which the rebuilding programmes carried out in Ice House Street during the year under review rendered thier thoroughfare almost imposable at times.

That the turnover would be lower Marine Insurance Premiums at than the previous year was only to in $130,014 show a small increase over be expected particularly na

figure. In the Accounts, Rupees and last year's

Claims at addition to the conditions referred Straits dollars have been convert-876,000 show a satisfactory ratio to above Mr. Overy, Managing ad to Sterling throughout at the particularly as this figure includes Director, was on leave, and his Silver Currencies have Claims in respect of certain basi absence was reflected in the larger parities. been converted to Hong Kong dolness which was discontinued two proportionate drop in outfitting lars and other Currencies to Steryears ago and which in running takings compared to Tailorings. ling at the current monthly rates off. The Marine Insurance Fund from $102,942, to for Revenue purposes and at the has increased warket rates on 3tat December, } 9183,530, 1032 for Balance Sheet purposes,

For the purposes of showing the Accounts in Hong Kong dollars the Sterling figures arrived at as above have been converted, at the rate of Hong Kong $1-1/3d.

The difference between the ex- change used last year 1/8ld. and that used on the present occasion 1/3d. has the effect of somewhat increasing all the Revenue items on both sides of the Account in respect of the Sterling portion of each item.

The exchange adjustments as ap- plied to the funds brought forward at the beginning of the year are shown in the published accounts in the various departments and speak for themselves..

The Chainian'a

remarks last "year and the year before with re gard to the Life Assurance bust ness still apply as the year under review has been marked by a con. tinuation and in fact accentuation of the financial depression with

gate Arants W, R LOXLEY &.00.

York Billing.

PALLADIUM

SAFETY RAZOR BLADES.

THE

It will be seen in the Fire, Acci dent and Marine Accounts that the ratio of Reserves to Premium In- come has increased in all cases.

The balance of interest has been carried to Profit and Loss Account $3,923 and after setting aside against bad debts the debts balance in this Account is reduced from 878,007 to 863,121.

In the Balance Sheet, Securities have been taken at cost price or market value on 31st December, 1932, whichever was less, although there is an appreciable margin of profit between the actual values on 31st December, 1932, and the va lues taken in the Balance Sheet.

Sales Maintained.

$

ARTICULARS & CONDITIONS of the Bale by Public Auction to be held on MONDAY, the 29ra P.M. at the Oon of the Public Works that the ORDINARY YEAR Department, will be held at the Club House,Y MEETING of the Society will be cHLANGY THE GOVERNO, of One

by Order held at the HEAD OFFICE, Union Lot of OROWN LAND at Wong Nei Building, Hong Kong, on FRIDAY, 20th MAY, 1933, at 11 o'clock A.My, in the Colony of Hong Kong

for a term of 75 years, with the " for the purpose at receiving, the option of azeral at a Grown Bent Report of the Directors and the State to be fired by the Barreror of His ments of Account to 31st December, Mary the King, for one further term K 1832, and of declating Dividends, ata.

of 75 years. The TRANSFER BOOKS of the Society will be CLOSED from 9th MAY to 20th MAY, Both Days inclusive.

By Order of the Board,

PAUL LAUDER, -

General Manager. Hong Kong, 1st May, 1933.

By Order of the Stewards

C. B. BROWN,

Fecretary.

at $5.00 for Gentlemen and $3.00 for Hong Kong, 15th May, 1988. tainable through the SECRETARY upon the personal application of s Member, each Member to be responsible for all visitors introduced by him, and for Payment of All Chits, etc.

The Secretary's Office, 3rd Floor, Gloucester Bailding, (Tel. 27784), will close at 1a O'Clock Noon.

Badges admitting to Members' Enclosure will NOT be on sale at the Race Course

On No Protest will Children be permitted in either Enclosure during the Meeting.

Tiffins are obtainable at the Clus House provided they are ordered from the No. 1 Boy in advance. Telephone

1820.

PUBLIC ENCLOSURE. The Price of Admission to the Publis Enclosure is $9.00 including Tax, for all Persons, including Ladies, and is payable at the Gate.

Boldiers and Sailors in uniform are admitted Hall Price.

Bookmakers, Tie Tac Men, eto.. will not be permitted to operate with in the Precincts of Tam HONG KONG JOCKEY OLos during the Race Meeting.

By Order,

U. B. BROWN,

Secretary.

I am glad to be able to report that our sales since March 1 last are being maintained and although we are below the figures for the Hong Kong, 22nd May, 1933, year ended February 29. 1939, the figures compare very avourably with last year.

You will see that profit and loss account has been charged with $4,420.60 for passenger. This re- presents the balance: paid alter. deducting $1,000, reserved for last year, for passages for Mr. and Mre Overy and

a portion of Mr. Mead's passage home, Mr. Mead having severed his connection with the Company on January 1 last.

Heavy Expenditure, The Exchange and Investment Fluctuation Account which includes

Turning to the balance sheet, I a certain amount of realised profit do not think the liability gide calls has been increased from $137,870 for particular comment. Under the to 8203,554. The amount in hand assets you will see that heavy ex- is ample to protect the Account penditure was incurred during the against any likely rise in exchange year for Fixtures and Fittings. which might take place. There has This was necessary on account of been a further increase in the item "Loans on Company's policies."

You will have noticed from the Annual Report that Mr. Shewan, who has been Chairman of the Consulting Committee and after wards of the Roard of Directors since the commencement of the Company, has retired. She

Mr. man's retirement was necessitated by ill health and I am sure that I aru voicing your views when I ax prras our regrets at the loss of his services and wish him a speedy restoration to health.

the Company being compelled to find new premises and the cost of alterations accounts for practical- ly the whole of the additions to this asset. As the Tease of the premises at present occupied by us expires on March 31 next, your Directors bave deemed it prudent to write off the whole of the cost of the al- terations before that date, and you will be asked to approve the appro- aura of $2,000 out of priation of the available balance of Profit and Loss. Stocks`on hand have been de- In conclusion I should like to preciated and stand in the books

•place on record our appreciation of at present replacement value with the co-operation of the Branch the exception of stock not easily Managers, Secretaries and staff and saleable which has been written I have now the pleasure to pro-down to a figure at which it can be pose the adoption of the Report readily disposed of

and Accounts for the year ending Payments in advance include the 31st December, 1932, and when that portion of Mr. Mead's salary and has been seconded I shall be pleas-passage chargeable to the current ed to answer any questions which year. shareholders may wish to ask.

The motion was seconded by Mr. (Cautioned at foot of next Column)

COLONY'S

FIRST and BEST WOMEN'S MAGAZINE

HONGKONG

LADIES' JOURNAL

SPECIAL WEEKLY FEATURES

Pric

TOPICAL COMMENT SHION NOTES SOCIETY:

or at the

Forbes Advertising & Printing Service

Tel.

Ice: Honge Streot.

After making due provision for debts, your bad and doubtful

satisfied that the Directors are

amount at the debit of sundry deb-

tors is recoverable.,

I have referred to the expiration of our present lease and negotia- tions are now: proceeding for new .and suitable. premisen It is the intention of your Directors, if suitable arrangements can be made, to enter into a long agreement.

I will now formally move that the report and balance sheet as pre- seated Ee adopted and that the balance standing at the credit of profit and loss account be dealt with as follows-Write off. Fixtures and Fittings 82,000; pay a dividerit of 10 cents per share to Shareholders on the Register absorbing $4,200; and carry forward $1,238.20.

Mr. H. Overy seconded and the motion was carried unanimously.

The re-election of Mr. J. H. Seth as director was proposed by Mr. H. Figueiredo, seconded by Mr. A Nissim and carried unanimously................ "Messrs. Linstead and Davis were re-elected auditors on the motion of Mr. Figueiredo second by Mr. Wong Ping Fan..

The election of Mr. P. V: Botelho as an additional director was pro- posed by Mr. H. Figueiredo, seconded by Mr. Mole Ying Kin and carrie unanimously,

Mesars Allen Cameron and Li Tre Fong were re-elected directors on the motion of Mr. P. V. Bote ho seconded by Mr. H. Dreyer.

The reolection of Moesra: Love, Bingham and Matthews, chartered

Wong Ching Ho and bonus [Mr.Allan (Kei)

Percy

Carnation

BEST

{

1

N

(815

HONG LONG & SHANGHAI BANKING CORPORATION. TOTICE IS HEREBY GIVEN

that the Provisional Certificate! No. 57/4909 dated. Hongkong, 14th January, 1918, for one share of this Bank numbered 65869 registered in the name of Mrs. Josephine Calista

Stolen Thom, has been Lost or

and should this certificate not be produced to the Bank before 27th May, 1933, a now certificate for the share will be issued, and the aforesaid Provisional Certificate No. 87/4909 will be there after treated by this Corporation as Null and Void.

By Order of the Board of Directors.

LN. MURPHY, Acting Chiet Manager.

[759

THE HONG. KONG JOCKEY CLUB,

885 DRAFT Programmes and Entry

LAR]]

SELLING

BRAND OF EVAPORATED

MILK IN

THE WORLD

CONNELL BROS, CO., LTD.

Role Agents:

HONG KONG à 8: CHINA

[713

THE CHINA FIRE INSURANCE CO., LTD. (INCORPORATED IN BOX Exo.) NOTICE TO SHAREHOLDERS.

TOTICE IS HEREBY GIVEN N

that the SIXTY-FOURTH ORDINARY YEARLY MEETING of the Company will be bold at ita HEAD OFFICE Union Building, Hong Kong, on FRIDAY, 28th MAY, 1933, at 11:15 AM, for the purpose of receiving the Report of the Directors and the Statements of Account to 31st December, 1932, and of declaring Dividends, etc.

PARTICULARS OF THE LOT.

Inland

Inland Lot No.

Loining

3510,

Yuen Ynan Street.

Register No.

1 No. of Bals.

Locality.

G.

Boundary Measure-

mente.

Et. E. ft. ft.

As per

sale plain

Contents

tony on bg

About

1,290

B.

PUBLIC AUCTION.

Arnusi

Bantal.

24

[:39

3,870

Upest Price.

ATthe Sale by Public Auction to

DARTIOULARS & CONDITIONS

The TRANSFER BOOKS of the Company will be CLOSED from the held on MONDAY, the 20TH DAY MAY to 26th MAY, Both Days of MAY, 1933, at 8 m., at the Offices inclusive.

of the Public Works Department, by Order of His EXOXLLAMOT TER GOTEL. NOR, of One Lot of CROWN LAND near Wanchai Gap, The Peak, in the Colony of Hong Kong, for a term of 75 yours, with the option of renewal at a Crown Bant to be fixed by the Surveyor of Hos Marnett K, for one

By Order of the Board,

PAUL LAUDER,

General Manager.

Forms for the Eighth Extra Hong Kong, 1st May 1933. Race Meeting to be held on MON- DAY, ST JUNE, 1033 (wonther permitting), may be obtained at the Becretary Office, the Club House, Happy Valley, the Hong Kong Club, the porta Club, and the Stables, Village Road..

Entries close at 19 o'clock NOON on MONDAY, 29TH MAY, 1933,

By Order.

J. B. BROWN,

Secretary,

880

THE MACAO JOCKEY CLUB.

1

PROGRAMMES and BNTRY Fifth Extra Race Meeting, to be held in Mad on Sunday, 13th June, 1933, may be abtained at The Sports Club, Hongkong

Jockey Club Stables, or at the Ofices of

Messrs. Peroy Smith, Seth & Flaming, 8, Des Voeux Road Central.

Entries OLO8E at 3 pm on Tuesday, 30th May, 1933.

. BRITISH TRADERS' INSUR-

ANCE CO., LTD. (INCORPORATED IN HONG KONG). NOTICE TO SHAREHOLDERS,

714

NOTICE 18 HEREBY GIVEN that the BIXTY-SEVENTA ORDINARY YEARLY MEETING of the Company will be held at its HEAD OFFICE, Union Building, Hong Kong, on FRIDAY, 26TH MAY:

1933, at 11.90 AM for the purpose of receiving the Report of the Directors

and the Statements of Account to 31st December, 1939, and of declaring Dividends, ele.

The TRANSFME BOOKS of the Company will be CLOSED from 928 MAY to 26TH MAY, Both Days inclu sive.

By Order of the Board.

FAUL LAUDER,

General Manager. [716

(845 Hong Kong 1st May, 1933,

ALL-BRITISH CIGARETTES &

RHODIA

CIGARETTES

Madi situela. Krom w PINNEST RHODESIAN VIRGINJA

EXTRA LARGE

RHODIAN Curly Cut Rough Cut

& Mixture

TOBACCOS

Extra Large

No. 2 Standard Sizes

Cigarettes

RHODIAN

CURLY CUT

RHODIAN

SERIES

MANUFACTURED BY LAMBERT & BUTLER

is issued by the British-American Tobacco Co., (China) Ltd.

furiker term of 75. years.

PARTIOULABS OF THE LOT.

Rural Building

Lot: No. $78,

Near Rural Building

Lot No. 149,

No. of anie,

Registry No.

Locality.

Wanohai asp.

Boundary

Mensure-

zneate.

As per

sale plan

wwwy

About

15,000-

Content in

· Square feet. |

--Rental

1,800. ipset Price.

PUBLIC AUCTION.

172

[840

PARTICULARS & CONDITIONS

of the Sale by Public Auation to... be held on MONDAY, the 597x Dat of MAY, 1933, at 3 px., at the Offices of the Public Works Departinent, by Order of H EXCELLERGY THE GOVER NOR, of One Lot of CROWN LAND at Lai Chi Kok, in the Colony of Hong Kong, for a term of 75 years, commencing from 1st July, 1693. with the option of renewal at a Crown Reat to be fixed by the Surveyor of His Mazzarr THB King, for ons further term of 24 years loss the last Chron days”-

thereof...

PARTICULARS OF THE LOT.

Lot No. 248.

„Now Kowinon Inland

Tai Chi Kok.

Registry No,

1 No. of Sale

Boundary

Mesiare

Data:

As par

Balo plan

Courtense

$0.000

414

pest Prios

THE RAUB AUSTRALIAN GOLD MINING CO., LTD. (INCORPORATED IN QUEBRÆFAND). NOTICE OF DECLARATION OF FIRST. INTERIM DIVIDEND NOTICE hereby given that a. First Interim Dividend of Sir Pence per share on account of the financial year ending Blat March, 1984 has been declared by the Directors of the Company is Brisbane, payable to Shareholders on the Registers at Brisbane and Singapore on Thursday, 15th June, 1988.

Notice is also horeby given that the Singapore Transfer Registers will be closed from Friday, 9th Jane to Thursday, 15th June, 1983 (both days inclusive) for the preparation Dividend. Warrante

By Order of the Board, ---⠀⠀ DERRICK &

Chartered Accounta

Local Becretaries.

Hongkong Bank Chamber, SINGAPORE, 15th May, 1993.

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