1936-05-14 — Page 7

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HONG KONG. DAILY PRESS, THURSDAY, MAY 14, 1936.

PROFITS SHOWN NO MONEY FOR | GOVERNOR'S

In Company Reports

UNION INSURANCE OF CANTON

The report of the directors of the Unton Insurance Society of Canton, Ltd. for 1935. declares that the directors recommend a div.dend

01 £1 10s ส share. payable on May 22, and a bonus of 20 per cent. to contributors of contributory premium. payable on the same date.

The report states:-

PIG PLAN Government's Replies To Mr. Braga's Questions

Because of economy the Gov- ernment was not prepared to proceed with the recommenda- tions of the Pig and Poultry Committee. declared the Co- Jonial Secretary (Mr. North) at yesterday's Legislative Council meeting.

Mr. North was replying to ques- Marine. The 1934 Account has tons by Mr. J. F. Braga, who ask- been closed and the profit ofed what steps had been taken £38 858 8 8 carried to Profit and Loss Account."

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The nett premiums for the year 1935 amounted to" £785,783-2 10 and claims and expenses to £445,109 19 3. The ba ance carried forward. including the

amounts

additional reserve.

since a reply to a similar question in May last year to implement the recommendations of the Committee which reported on September 19,

1934.

Mr. North replied that the re- commendations of the Pig and to Roultry Committee and those of Mr. C. F. Strickland, whose report had been prinied as a sessional paper in 1935, had not been over- looked, but as the proposals - volved an Increase in establishment, the Government was not prepared

£692 342 8 2.

Fire. The nett premiums amounted to £561,430 10 and claims 10 255.844 0 5. -After taking into account commission, expenses of management and hire brigade lees. and adjusng th resurve for unexpired disks there Is a credit balance of £41.149 19 ? which has been carried to Pront and Loss Account.

The · Fund as the end of the year, Including the additional re serve. amounts o £331.302 19. 11

Accident and General.-The, nett prem.uns amounted to £263 123 48 and cialms to £157.615 17 2 After taking into account com mission and expenses of "manage- ment, and adjusting the reserve

for unexpreď risks. there 15 ' debit balance of £11,071 0 5

which has been carried to Profit and Loss Account.

The Fund at the end of the year! including the addit.onal reserve, amounts, to £153.644 15 10.

Dividend.The Direttors recom- mend a dividend of £1 100 per share, payube on the 22nd May, 1936.

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Contributory Bonus.-The Direc› tors recommend a bonus of 20 per cent. to contributors of contribu- Lory premium. payable on the 22nd May, 1936.

Profit and Loss Account-The amount at the credit of the Proft and Loss Account after providing 1or the dividend. and contributory benus for the year 1935, €686.824 11 10.

Directors Since the last Gen- eral Meeting Mr. G. Miskin Mr. J. A Plummer resigned from the Board and Mr. C. Blaker and Mr. K. S. Morrison have joined the Board. in accordance with the Articles of Association. Hcn. Mr. S. H. Dodwell. and Mr. T. A. Mitchell retire but offer them- selves for re-eection.

The annual meeting is fixed for May 22,

CHINA FIRE

and

The Directors submit to the Shareholders the Report, Accounts and Balance Sheet of the Com-

pany for the year 1935.

Marine. The 1934 Account has

to proceed with the matter at pre-

sent in view of the pressing need for economy.

Surgeon and

Meanwhile, continued Mr. North, ja pamphlet compiled by the Co-

lonial Veterinary dealing with the housing, feeding and general care of pigs. had been printed by the Government and 600 copies distributed in the New Territories for the guidance of farmers,

TRIBUTE TO

SOUTHORNS

Legislative Council's Eulogies

Reference to the loss sustained by the Colony through the departure of Sir Thomas and Lady Southern was made by thie Governor

at yesterday's Legislative Council meet.

ing..

"It is again my misfortune,, sald the Governor, "to preface the pro- cectungs of this Council with the mention of a deep loss recently sustained.

Our last session followed the de-- parture or an unofficial polleague who had devoted to the public in- terest as much time and labour- as we demand of an official mem- ber: to-day we deplore the loss of our Colonial Secretary whose work, alded and supplemented by that of his wife achieved and maintained an influence with, and on, the peo-

ple of this Colony far beyond the ordinary confines of offelaldom.

**[ little thought, when Sir Thomas Southorn welcomed me on board ship last December or during the weeks that followed, woen he so generously gave to me not mere- of his personal counsel and friend- ly of his official collaboration but

ship. that I was so soon to be de- prived of my good fortune.

Replying to Mr. Braga's question whether, having regard

"I make nd excuse for introduc- to the economic position of the Colony,ng this personal note here, for at the Government would push for

none of the valedictory functions ward the matter with more speed, had I the opportunity of adding my Mr. North salg the reply was in- cluded in the reply to the Arst question. but the matter would again be considered in the 1937 budget.

Directors-Strite the las: Gen- eral Meeting Mr. G. Miskin and Mr. J. A. Plummer resigned from the Board, and Mr. C. Blaker and Mr. K. S. Morrson have joined the Board.

In accordance with the Articles of Association Hon. Mr. S. H. Dodwell and Mr. T. A. Mitchell retire but offer them seives for re-election.

The annual meeting is fixed for May 22.

BRITISH TRADERS'

the

individual tribute to the general chorus of gratitude and affection.

POPULAR COUPLE

"I supp use that seldom, if ever. have a man and his wife for i is impossible to speak or think of the one without the other, so signal and effective was the merging of their two personalities. in public and social service--received such an eloquent and inspiring send-off as Sir Thomas and Lady Southern,

"My words this afternoon must indeed be in the nature of an anti- climax, for the people of Hong Kong have spoken for themselves.. and aced neither orator nor inter- preter.

"Nevertheless our local Hansard must not be left without a con Arming record, however inadequate, Shareholders the Report, Accounts

The Directors submit to

of that great popular acclamation, Our warmest wishes go out to Sir and Balance Sheet of the Com-Thomas for the success and hap- piness of his administration of The pany for the year 1935.

Gambla, and I ask your permission to direct the Clerk of Council to forward him a copy of these pro- ̈ ceedings."

Marine. The 1934 Account has been closed and the Profit of £8.410 3 4 carried to Profit and Loss Account.

The nett premiums for the year 1935 amounted to 182,607 12 3 and claims and expenses to £91,713 7 10. The Baance carri- ed forward, including the tional reserve, amounts £120,954 4 5.

Fire.The nett premiums amounted to £118.223 10 7 and cialms to £52963 4 7. After

CHINESE TRIBUTE

In endorsing the Governor's re- marks on behalf of the Chinese members, Mr. B. W. Tso recalled add that before Sir Thomas and Lady

Southorn lett the Chinese com-. munity presented them with an address in which admiration and respect was expressed.

GO

Sir Henry Follock also spoke on

been closed and the Pront of taking into account commission, behalf of the unofficial members. $51.300.14 carried to Profi and expenses of management and fre brigade fees. and adjusting the reserve for unexpired risks, there

J

premiums

Loss Account

The nett premiums for the year 1935 amounted to $1.249,287.30 and cla.ms and expenses to $104.358:92 The Balance carried forward, in cluding the addlona! reserve. amounts to $928.928.38.

Fire: The

me.t amounted to $892.596.67 and cialms to $400,757.50. After taking into accoun's commission, expenses of management and fire brigade fees, and adjusting the reserve for unexpired risks, there is a credit balance of $85,422.35 which has been, carr.ed to Profit and Loss Account.

The Fund at the end of the year, including the additional re- serve, amounts to 8510,638.66.

Accident and General-The nett premiums amounted to $418,329.79 and claims to $250,587.58. After taking into account commission and expenses of management, and adjusting the, reserve for unex- pired risks there is, a debit balance $17,601.41 which has been carried to Profit and Loss, Account, The Fund at the end of the year, including the additiorial re- serve. amounts to $244.131.91.

Dividend.--The Directors recom- mend a Dvidend of 812 per share and a Bonus Dividend of 28 per share, payable on the 22nd May, 1930

is a credit balance of £8,518 11 11 which has been carred to Profit and Loss Account.

The Fund at the end of the year, including the additional re- serve, amounts to £66.483 8 3.

Accident and Generai.-The nett premiums amounted to £54.470 0 7 and claims to £32,628 11 9. After taking into account com- mission and expenses of manage- ment, and adjusting the re- serve for unexpired risks. there Is a debit balance of £2,291 16 10 which has been carried to Profit and Loss Account.

The Fund at the end of the year, including the additional re- serve, amounts to £31,788 0 3,

Dividend. The Directors recom- mend à Dividend of seven shil- lugs per share, payable on the '22nd May, 1936.

Contributory Bonus.-The Direc-

DOLLAR RATE REDUCED

Government Sterling Salaries

14

COUNCIL APPROVAL

Payment of civil service ster- ling salaries at a is. 5td, dollar for April, May and June was approved at yesterday's meet- ing of the Legislative Council. In moving a resolution to this effect the Colonial Treasurer (Mr. Taylor) said that as foreshadowed in the speech by the Attorney Gen-

HONG KONG WHOLESALE

PRICES

Figures For The First Quarter

ኔና

Index Numbers of Wholesale prices for the first quarter of 1936, as compared with the first quarter of 1935, and the years 1931, 1934 and 1935.

(Based on declarations of quantities and values fur- nished to the Statistical Office of the Imports and Ex- ports Department by Hong Kong importers and exporters),

Foodstuffs Textiles

"Metals and Minerals

Miscellaneous

Beans Beef Eggs

Average

Fruits, Fresh

Lard .........

Potatoes Poultry

Rice (Broken) Rice (White) Sugar (Raw)

Cotton Yam

1922-100

1st Qr. 1st QT.

1031 1934 1935 1935 144.3 91.3 85.4 85.4

1936

109.1

135.8 85.9 74.2 78.9

95.7

140.9

97.4 79.8 83.7

101.9

125.4

88.5 72.3 78.2

89.B

f... 138.8

91.5

77.0

81.5

93.0

INDIVIDUAL AVERAGES.

FOODSTUFFS

1st Qr. ist Qr.

Flour (Wheat) Salt Fish

Milk (Condensed) Mutton Onions Peanut Ou Pork

Vegetables (Dried, etc.) Vermicelli

61.3 120.2

99.0 60.5 45.4 66.0 63.3

1931 1934 1935 1935 130.9 83.9 78.7 87.0 218.0 121.3 128.0 113.0 131.1 86.0 73.6 72,0 99.3 114.0 75.8 66.3 65.0 92.4 125.9 137.1 113.9 131.7 103.3 308.7 233.0 201.5 165.4 198.1 138.0 78.5 82,7 87,8 185.2 137.9 111.4 108.2 173.9 143.2 118.7 121.2 141,1 63.8 43.8 54.9 117.1 73.1 84.7 92.5 133.A 87.3 77.3 75.8 109,0 71.8 60.4 ·59.3. 175.2 89.8 86.1 25.3 126.1 68.1 68.6 133.2 72.2 71.4 69.3

43.3 40.6 56.0

65.3

1936

106.9

181.5

101.4

114.9

162.1

114.8

313.8

95.0

93.2

96.2

69.9

88.7

98.5

43,1

78.5

56.1

81.3

TEXTILES

141.4 86.2 77.1 82.4

.............

104.1 94.8 80.3 $7.2 62.3 66.7 87.5 61.6 57.3 45.7 58.7 97.5 51,2 38.9 47.0 47.8 118,9 64.7 67.4 47.4 135.1 291.1 183.9 147.8 191.1

206.7

64.9 62.4 42.2 40.4 25.3 63.4 56.4 50.6. 60:6 45.1 30.0 19.8 25.6 20.1 156.5 94.7 78.1 74.8 105.8 252:4 175.2 203.6 217.3 241.7

96.0 91.5

47.5

44.3 53.8

53.5

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AND MINERALS

127.1. 86.8 67.2 71.3. 159.5 86.9 73.5

73.9 119.8 83.9 73.1 113.3 93,7 78,9 116.5 101.8 62.6

81.0

81.9 # 73.8

75.0 100.4 85.9 107.6

86.2

Oil Fuel Lubricating ou Petrol

Tin

191.9 142.6 112.4 110.5 150.8 83.0 76.5 65.0 103,7 33:7 29.7 29.1 212.0 145.3 126.5 137.9 131.8 81.0 69.4 76.1 87.5 28.9 19.8 22.2 177.4 203.3 185.0 181.7.

144.7

145.8

38.6

138.8 68.3 30.3 203.8

Cotton (Dyed Plain) Italians (Dyed Figured, Plain) .. Shirtings (White 40/43 yds.) Hemp (Manlia) Gunny Bags

Hessian Cloth Silk Piece Goods Silk Yarn (Artificial) Blankets (Wool and Union) Flannels

Suitings, and Tweeds (Woollen)...

METALS

Brass Sheets Yellow Metal Sheathing. Coal

.... Iron and Steel Bars Iron and Steel Nails Iron and Steel Plates Lead (Pig) Kerosene

Cement Charcoal

Feather (Duck)

"Firewood

Hardwoods 'Hides (Cow)

Hides (Buffalo) Leather (Sote) Paper (Chinese) Rattans

Saltpetre

Softwoods

Soda Ash

Sulphuric Acid

Sulphate of Ammonia

MISCELLANEOUS

said, and when the work was com- pleted their agreements, would terminate.

SEAPLANE SLIPWAY In asking Council's approval for the expenditure this year of a fur- ther $124,763.94 for airport and sea- plane alipway,

115.2

71.8

45.8 42.9 48.7 43.9 43.6 36.3 31.3 33.4 34.0 160.7 102.7 90.1 99.7 106.5 114.6 93.9 80.8 90.8 74.3 92.7 73.6 80.9 64.0 81.2 192.8 147.0 119.9 125.8 178.3 192.6 84.2 96.0 *92.1 135.7 09.2 73.5 83.8 83.1 98.3 52.2 64,0 67.8 50.4 130.2 113.0 85.7 105,2 110.1 154.0 99,3 76.8. 80.8 100.9 127.0 91.9 78.0 87.1 106.2 147.7 80.2 65.0.85.0 105.0 131.2.152.0 67.9 167.7 84.5 87.5 56.2 62.7 55.5 .58.8

MR. J. J. FERGUSON

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eral when introducing -the frat 1935, only $533,931.02 had been ex-master at King's College, and LETTER PAPER & ENVELOPE

$860,000 had been approved for the tue approaching marr.age of Mr.

MI. Taylor sald Notice was given yesterday total cos: but up to December 31, James Johnston. Ferguson, school- popular entertainer at Hong Kong concerts.

12

а

reading of the Salary Levy Bill, pended owing to the delay in the tors recommend a Bonus of 20 per the Government proposed reducing arrival of materials, although when cent, to contributors or contributhe arbitrary rate of exchange of the 1936 estimates were framed it. tory 'premum, payable

18. Bd. for the first quarter to. 18 had been thought that $708,685.86 on the

The bride is Miss Phyllis Louise 22nd May, 1938.

5id for the second quarter subjeca might have been expended..

Ogilvie Young, of "Marybank." 18, Profit and Loss Account. The tu the approval of the Secretary of The actual balance remaining on

Brook-street, Broughty Ferry, Dun- amount at the credit of the Profit State. This approval Dan now January 1, 1836, was therefore dee, who is expected to arrive in and Loss Account after providing been received, he said.

$270.083.08 against an estimated the Colony in August. for the Dividend and Contributory The Colonial Secretary. (Mr. balance of $151,304.14, he said, A Bonus for the year 1935, is North) seconded the resolutions resolution had already been taken 2135,064 13 11.

which was carried unanimously,

for the expenditure of the latter Directors Since the las: Gen-

SHING MUN WORKERS Contributory Bonus--The Direc-eral Meeting Mr. G. Miskin and

Laum and the present approval was A resolution was also

carried for the balance in order to com- tors recommend a Bonus of 20 per Mr. 3. A. Plummer resigned from exempting public officers at Shing plete the works this year. cent, to contributors of contribu- the Board, and Mr. C. Blaker and Mun, except those who, but for the Sir Henry Pollock: Why is this tory premium, payable on the Mr. B. Morrison have joined works, would be employed in the expenditure more than originally 22nd May 1936,

'the Board. In accordance with Government, from paying the levy. anticipated? the Articles of Association Hon. Mr. Taylor. said it would not be Mr. 8. H. Dodwell and Mr. T. A. proper to imposed a levy on the Mitchell retire but offer them-salaries of officers, engaged solely spent balance from last year to acives for re-election.

for such a specific purpose as the this. It is within the original es- The annual meeting is Axed for construction of a dain. These off-timate of $860,000. May 22,

Profit and Loss Account-The amount at the credit of the Front and Loss Account after providing for the Dividend and Contributory Bonus for the year. 1935, is $1,118,306.05.

cers were purely temporary, he

"

merely a carry forward or an un- Mr. Taylor: It is not more but

Council's approval was given.

A CORRECTION

In our report of yesterday in the case in which Lt. Ramus was sum- mone for "falling to drive with

caption, "Dangerous Driving" due care and caution" we had as

this we trust those who have read of, the report will not be misled by

it as Lt. Ramus was not charged

with "dangerous driving" at all.

AND A

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Letter Paper Envelopes

$1.50 per 100 Sheets $1.75 per 100

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