1936-03-28 — Page 7

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HONG KONG VOLUNTEER DEFENCE CORPS

-ORDERS BY LIEUT-COLONEL H. B. L. DOWBIGGIN, O.B.E

COMMANDANT, H.K. VOLUNTEER DEFENCE CORPS) 1

for Classification on Sunday, March 29, 1938.

GENERAL

His Excellency the Governo has been pleased to approve the follow- ing promotion in the Hong Kong Volunteer Defence Corps wit effect from March 18, 1936:

Sergeant Daniel Marshall to the rank of Second Lieutenant.

Colonel H. C. Harrison, D3.0.. G.8.0.1, China Command, will talk on the récent Combined Operations at Corps Readquarters on Monday, March 30 at 5.40 p.m.

All ranks who took part in the Operations are invited to attend.

Motor Cars and Cycles No vehicles are to be parked in alde the Drill Hall or immediately in front of the entrance without special authority.

Cars may be parked at the west end of the Parade Ground clear of the road. (Repeated).

Box Respirators & Steel Helmets

O. C. Units will arrange to re- turn to the Quarter-Master by April 6, 1936 all Box Respirators and Steel Helmets issued, for Com bined Operators.

PARADE

Corps 1st Battery "A" Section: Commencing Thurs. day, April 9 and continuing on al- ternate Thursdays during Aprli. May and June "A" Section will un eergo further training under orders. to be issued direct as follows:-

B.C. Staff: Capt, T. Addis Martin. No. 1 Gun: L/Sergt. Cole." No. 2 Gun: Sergt. Webb. "L" Section: Parade at Corps Headquarters on Friday, April 3 atį $.30 p.m.

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Launch leaves Queen's Pier at 8.15 am, and Kowloon at 8.30 am.

Range Officer.-Lieut. J, H. Law rence.

TRANSFER

No. 1937, Gunner B. I. Bickford, 1st Battery, is transferred to Unit Reserve, 1st Battery, with effect from March 27, 1938.

No. 1795, A/Cpl, R. A. J. Simp- son. No. 1 (M.G.) Company transferred to Unit Reserve, No. 1 (M.G.) Company with effect from March 27, 1938.

LEAVE

Major J. C. Macgown, M.B., ets. Medical Section, granted leave as !from 8.4.35 to 8.437,

No. 2225, Signr. L. Alltree, Corps Signals," granted leave as from 15.3.36 to 15.4.36.

No. 1200, Cpl. C. R. Logan, No. 2 (Scottish) Company, granted leave as "from 21.3.36 to 21.10.38.

No. 1665, Sergt. K. C. Hamilton, M.M.G. Section, granted leave as

from 6.2.36 to 22.3.38..

No. 2292, Sergt. R. 5. Bevan, K. O. D. Cudre, granted leave as from 4.4.36 to 4.12,36.

STRUCK OFF THE STRENGTH Left the Colony

HONG KONG DAILY PRESS, SATURDAY MARCH 28, 1936.

AN IMPROVED POSITION

China Provident

Reports A Small

Profit

The Annual General Meeting of the China Provident Loan & Mort- gage Co., Ltd., was held yesterday at the Jacobean Room" of the Hong Kong Hotel,

Mr. C. A. dá Roza took the Chair supported by the following directors:-Messra. 9. M. Churn, P. M. Hodgson, N. V. A. Croucher, the Hon. Mr. J. P. Braga, and Mr. D. L. King (Secretary and Mana- ger).

Mr. J. Tam Hung wis the only shareno der, present,

The minutes of the meeting and the Auditors' report, were read by the Secretary, following which the Chairman in presenting the report for the year said:

+

Although the nett profit record ed for the past year is small, some satisfaca.ch is to be gained from a comparison with the figures which were presented to you for the year 1934, when a loss of some $39.000

was shown.

The year now under review has

seen a further decrease to the volume of cargo received for No. 2087, Gunner T. W. Duffield, storage the improvement in work-

1st Battery, as from 27.3.38,

Completed 3 Years Service No. 1860, Pte. A. C. Xayler, Corps Infantry, No. 11 Platoon, as from 21.3.38. "

STRENGTH

No. B/17, Pte., V. H. C. Jarrett. S.C.M. Post, Reserve, Section "B." 25.3.36.

No. 2588, Gunner G... S. Wub King's College, Battery "A" Section 24.3.38.

No. 2569, Signr. Singh, Randhir. Ellis Kadoorie St., Corps Signais.

Dress: Overalls, Blue Caps,

Corps Engineers Monday, March 30, 1936: Lecture on Operations.

Monday, April 6, 1936; Gas Mask 24.3.36. Drill.

Corps Signals Parade at Corps Headquarters at 3.30 p.m. on Tuesday, March 51. 1936. Switchboard operators un- der L/Cpl. Wadmore will parade as Instructed.

No. 2570, Signr. Singh, Schán, Ellis Kadoorie Sc. Corps Signals 24.3.38.

No, 2571, Tpr. F. F. MacCabe. Butterfield & Swire, Troop. 24.3.3. No. 2572, Tpr, W. E, Grieve, Mac- kinnst Mackenzie & Co., Troop.

All ranks must parade at Corpa | 24.3.36. Headquarters

5.30 at

p.m. On No, 2573, Pte. E. A. da Süva. Hat - Thursday, April 2 with Boxbour Office, No. 9 Platoon, Corps Respirators for Anti-Gas Instruc

Infantry, 26.3.36. tions.

No. 2574 Gunner R. G. Laurel. Perry Smith Seth and Fleming, 1st Battery," "L" Section, 27.3.36.

M.G. Troop

Parade at Corps Headquarters on, Tuesday, March 31 at 5.30 p.m. for M.G, Instruction.

All Gas Mask should be return en to Headquarters Store as early as possible.

Armoured Car Section Section will parade at Corps Headquarters on Tuesday, March 31 at 5.30 pm for Vickers Gun In- struction.

Motor Machine Gun Section All ranks are requested to attend lecture by Colonel H. C. Harri

sún, D.S.O., at Corps Headquarter: on Monday, March 30 at 5.30 p.m. No. 1 (MG) Company Parade at Corps Headquarters on Friday, April 3 at 4.30 p.m. Musketry instruction at Miniature Range.

Dress: Mufti,"

No. 2 (Scottish) Company.

E

(Sd.) R. C. B. ANDERSON, Captain, Adjutant, H.K.V.D.C.

AFFILIATED UNITS Nursing Detachment, "H.K.V.D.C.

Enrolment (27.3.36):-Mrs. M. Good, Mrs, M. K. Holmes, Miss G. 5. Lakeman, Mrs. M. Recs, Mrs. M. Guttinger, Mrs. J. F. Kayll, Miss J. M. Lakeman, and Mrs. F. M. Rim "mer.

Resignation

`Lowe.

(27.3.36)-Mrs. R.

(sd.) E DURRAN, Commandant, Nursing Detachment, H.K.V.D.C.

NOTICE

Annual Athletic Meeting The following preliminary events quarters as under:-

ta the

ng results being due stringen. economics In adm.niştra- tion costs which were effected by your Board towards the close of 1931-the full benefit of which was obtained during the year under review.

RECORD YEAR

REPORTED BY HONG KONG FIRE INSURANCE

Annual Meeting

Income from premiums during the year ended 1934 was the highest ou record, with the exception of 1929, declared Mr. J. J. Paterson yesterday when he presided at the 67th ordinary meeting of the Hong Kong Fire In- surance Company.

The Chairman sald:--

of Proft resuiting being 10.18 as The report and accounts having compared with 14.94. While a pro- now been in your hands for some at of just over 10% is satis.actory days and I propose, with your in these hard times, it does no

to low the permission, to

usual represent, a huge sum on our in- come and it is the problem of in- custom of taking them a read.

It is with much pleasura that creasing this last, on sound lines. con- that is our ever constant »pro- your general managers and

once blem. sulting committee are able

What you again to place before

be considered they feel must

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The gure of Interest has risen from $399,571.74 to $477.826.87. this satisfactory Account for the year being due almost entirely to our 1634, the more so that at one time stering investments, income from

every by only $21.780.32. though, I sup- change at over 2/6d. and during the past year. with ex- local securities having improved grave misgivings as to what sort pose, we should be thankful that of showing our figures would make to has risen at all. when expressed in Hong Kong dollars, and were faced with the certainty that, unless a fall set in the dividend could not be main tained at its present level. It of no consolation to the ho der af a "dollar" share to know that life dividend is worth more in sterling but that would have been the only comfort, we should have had 10 offer.

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This Company. and ils sister The volume of business has concern.. The Canton Insurance not improved, and continuance Office Ltd.. are two of the few of the bw level of storage rates | local companies which, wolle, trad- cargoes offering, together ing very Jurely in sterling and with severe competition have sterling equivalent countries, show proved to be the outstanding their figures and pay their divid- features of the year's work

on

THE CAUSES.

Whereas in previous periods of low exchange rates an improved trading situation developed al- lowing a strengthening of storage rates. the recent decline of exchange to the present basis has not yet produced the im- provement which was confidently anticipated in some quarters, nor

are

there any indications of greater confidence amongst our merchant friends in the early restoration of conditions trading, particularly in volume, which have been enjoyed in the part

<!

ends in Hong Kong dollars and we have had many shrewd blows over the last 20 years, during which period our accounts bave been shown at exchanges varying ber tween a high of 4/103d in 1920 and a low of 1/1jd. In 1931. We however. with Our are hopeful. local currency now more or Iegy pegged, that we can proceed more equaby and be Better able to foresee what lies ahead of us.

RECORD PREMIUMS

по

In reviewing the accounts, 50

un of much turns exchange that comparisons are of little dr value though this will not be so In future, if our local dollar re- mains round about its present Sterling value.

Marketing difficulties and pre- ferential treatment in the matter of duties accorded to a large pr portion of the Importa into South China have combined to depless traders into state of comparative nactivity.

Our Working Account has bear substantially assisted by improved profi from both Shipping and Motor Transport Departments, which, apart from their contribu- tions to our Storage business, have shown a satisfactory development during the past year. The public has been quick to realise the ad- vantages of dealing with a Trazas- port Service which maintains

a

The premium income for the year now under review, is the highest we have had, with the exception of that for 1925 when our sterling was converted ai 1/1.

The balance at credit of Working Account for 1935 is $753,116.76. an improvement over the carry

for- ward for its predecessor, also after twelve months' working, of $124,- 902.75. It would be premature for me to say anything about the final result but we are hopeful this ac- count will run off leaving a bal- nce that will allow of the same. or perhaps an increased, distribu- tion to Shareholders.

DIVIDEND OF $11

The surplus to be dealt with now is $662,910.82, the balance of Account 1934, and we recom mend the payment, of a dividend of $11 per share, absorbing $440,- 000; the appropriation of $100,000 to Investment and Exchange Fluctuation Account and the balance of $122,910.82 to Rein- surance Fund. You will notice the that we have elimidated bonus of $1 per share and in- ended it in the figure of divid- end.

It may be thought that some in- "crease might have been made ' respect of this year's distribution but your Board. feel that it would be well to wait and see how things go in 1929 aur Revenue from in- terest was over $530,000 and yet n our lakhs. 1933 it fell to under We dd not want to recommend any increase that cannot be maintain- ed.

The Reserves continue in a sound position the only one calling for mention being the Investment and Exchange

Fluctuation Account which shows falls of £60,950, 148. The improvement is en- fod, and $$61,038.72 respectively. tirely due to our sterling opera- This shrinkage is due partly to normal causes but still more to tions, as income from China and local sources shows a serious de-our drastic writing down of all in cine and one which we are un vestments of which we are in any check under present way doubtful: much may be con- able to conditions of trade in this part Įsidered as merely precautionary and we are more than hopeful of the world..

that sooner or later, the bulk, it 1933, Losses work out at 49.38% 88 not the whole, will come back to against 41.42%, Charges fel from us

When compared with the

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The Company will parade at will be decided at Corps Head- complete organisation of its own 13.84% to 40.14%, the percentage

Corps Headquarters on Thursday. April 2, 1936 at 5.30 p.m. for Gas- Drill Box Respirators must be carried.

All Kit Apron recently issue must be returned to the C.Q.M.S. on Thursday, April 2 for necessary alteration to pocket.

No. 3 (M.G.) Company "The Company will attend a lec ture by Colonel H. C. Harrison D.S.O.. at Corps Headquarters on Monday, March 30 at 5.30 p.m.

M.G.Bn.. Signal Section The OC. Section expresses his appreciation for the full turn-out and excellent work carried out during Combined Operations.

Sports.-The Section will parti cipate as part of "Static Machine Guns." Entries should be submit- ted at an early date.

Monday, March 30, 1935-It is hoped that all ranks will make an effort to attend the talk on "Com. bined Operations by Colonel H.-C Harrison, DS.0., at 5.40 p.m.

Wednesday, April 1, 1938-Sec-

tion will parade in subsections as detailed.

од

Tug of War: Semi-finals Tuesday. 7.4.36, at 5.30 p.m.

Putting the Shot:-Finals, on Thursday, 9.4.36,

High Jump and

at 5.30 p.m.

AN ILLEGAL DISTILLERY

Frank Admission

Of Charges

fully equipped and giving efficient and

offering courteous service,

ber totalled $16,282, but these are

(Cantinúed on pare 12)

A distillery for the purpose n manufacturing Chinese wine, at an unnumbered hut in Ngau O Village Kowloon Tong, was mentioned - hi

Luan Reserve which no fadyen at the Kowloon Magistracy a case heard by Mr. Q. -A, A. Mac-

exists.

Accounts Bundry Debtors, "yesterday, when two Chinese, one

youth of 15 years, were charged amounting to about $43,000 have

unique facilities for Packing and since been reduced to approximate- to pay a dividend without an im- provement in the general revenue Shipment to a parts of the world.ly 80.000 at this date.

With regard to Investment Ac- of the Company from its ordinary and embracing Customs clearance

count. it will be noted that the business undertakings. and delivery to destination.

estimated market value at Decem- I do not think that there are BANK OVERDRAFT LOWER ber 31st 1935, of our investments, I any further items in the accounts With regard to the Balance

was $53,184.00 compared with a which call for comment, and I Sheet, Centiemen, the main items book value of $129,670.00, but with therefore propose: "That the Re- for the year an improvement in quotations port and Accounts of interest remain unchanged-the exception being Bank Overdraft since the date of the accounts, ended December 31st, 1935; as this difference no longer exists, presented be adopted; and that which is some $27,300 lower than and there are, indications that the sum of $66.814.28 be carried ct the close of 1934. The amount ultimately a profton

the book forward to 1936 Account." Involved Loans at 31st Decem-

value will be realised.

I a shareholder will be good At the last Annual Meeting. the enough to second that resolution, of a transitory nature and have company's Auditors were re-elect- I shall be pleased to answer to the been substantially reduced since ed at a fee to be decided upon: best of my ability any questiona the close of the accounts.

Contingency Reserve Account has and you will note that in the pre- having relation to received 2 transfer of $2,900.00 Sent accounts their fees are stated which you may care to ask

As $1,200.00-a reduction of $700.00 The report and accounts were which was provided in the first on the old rate. Their action in seconded by Mr. Tar ind instance for a contingency under associating themselves with the passed.

longer genera desire to economise, by

RS ELECTION. OF agreeing to this reduction 18 greatly appreciated.

Mr. C. A đi Rome to the Hồn. Before closing my remarks, I Mr. J. P Braga, in accordance Would like to refer to the matter with the Company's articles, retire of our Mortgage and Overdraft from the Board, but being eligible, indebtedness,

offered themselves for re-election, and upon the proposal of Mr. Tam, which was seconded by Mr. D. L King, they were re-elected for the coming year.

before him on several counts re

Section Dinner. A meeting willating to the distillery.... be held after parade to discuss this matter.

Corps Infantry. ParadeThe parade for Tues- day, March 3 is transferred to Monday, March 30 for the lecture by Colonel Harrison on the last Combined Operations,

All ranks should make a special effort to attend this parade.

Stonecutters Range Small Arms Classification, Levis Gim

All Lewis Gun, Sections of "a". Company and all members of "B" Company except those who have not yet fired Lewis Gun will fire

It has been suggested by certain shareholders that the Company should call up the balance of is issued capital with a view to re- during this indebtedness and say ing outgoing interes..

the Accounta

were

Revenue Officer O'Neill who ap-ed hut in Kowloon Tong. He faimu peared for the prosecution asked B distillery working with a fre that the youth be discharged, as going and the brew on. He dis there was no case against him.

covered 6 gallons of hot spirit Au Sam, 23 years of age, unem- The accused admitted that he was

Proposed by the Chairman and ployed was charged with possession distilling. A youth was also found

seconded by Mr. P. M. Hodgson, i on the premises, but said that he of a still, or apparatus without a Fcence, distilling of spirits, posses was only helping there with carry- In the opinion of your Board, Messrs. Linstead and Davis, Char son of fermenting material, and ing water. In a big vat was 159 however, such a course is not to tered Accountants, and Messrs. with possession of dutlablé spirit.

gations of distillery spirits, which be recommended at the present Perry Smith, Beth and Meming The accused pleaded guilty to all corresponded roughly with the time, in view of the existing de- Inci potated Accountants, charges.

1,000 cattics defendant admitted pression and also in view of the re-eleted for the forthcoming ho had fermented

fact that, even were such capital year sa remuneration of 1, 8900 called up the resultant bent ergh, an Auditors.

THE RAID

R. O. O'Neill said that the night before last at about 12 o'clock hy engineered a raid at an unnumber

Fines totalling $250 or in default, four months imprisonment was imposed on the four charges.

were

by saving in interest, would be in- There are no further business sufficient to enable the Company the meeting was adjourned.

LANE,

CRAWFORD, LTD.

PHONE 28151

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