1936-07-29 — Page 4

·FLATS TO LET

"ODERN FLATS — “TICIA

HONG KONG DAILY PRESS, WEDNESDAY, JULY 29, 1936.

WANTED KNOWN. PUBLIC AUCTION.

TAMPLOYERS requiring the

Mansion. Hastoanal Road, attan services of an Amal or Offee EE Davierzigned have received

Quiet locality, Molepé conveniencar Telephone 21723 or 2318.

FOR SALE First through Flight Covers

via Imperial, Airways from Hong Kong To Calcutta, Manila, Puris, Swiss, Toronto, Boston, New York, Melbourne, etc. › with back postmarks of arrival.

GRACA & CO.

Postage Stamp Dealers

No. 10, WYNDHAM STREET, Established 1896.

HONG KONG.

direct by Phone to the undersigned when good servanta will be introduced. No service fee. Employment Ulice, TAK LME YUEN, Phone 390 Ng & Fife Street, MONGKOK.

ENSIGN AUTO-RANGE CAMERA

Focusses the image absolutely, "sharply and automatically. It is provided with a RANGE-FINDER coupled with the lens focussing mechanism, and operated from the nual radial focussing lever.

Ask for a demonstration

A. TACK & CO.

29, Des Voeux Road, Central

The Most Comprehensive Survey · Yet Compiled of Reconstructional Progress in Modern China.

11

CHINA'S

NEW CURRENCY

SYSTEM

By T'ANG LEANG-LI'

A survey of Chinese Currency and Banking System in Historical perspective and of the reactions of the World Slump upon Chinese Trade, Industry, and Finance, from the beginning of the depression to the Establishment of State-Control of Silver-with Statistical tables relating to movements of Gold, Silver and Prices in General.

ON SALE AT

THE HONG KONG DAILY PRESS OFFICE

Publishers:

MORNING

EDIGREEL

CHINA UNITED PRESS

·299, Szichuan Road, Shangha

IND

LIGHORNS

MORNING. SOUND LECHORN FARM TAI PO MARKET, NEW TERRITORIES LEGHORN EGGS-FRESH DAILY ́HATCHING EGGS LAYING PULLET

COCK

Sois Agents:-HUNG CHEONG|

68, NATHAN ROAD, KOWLOON. (Tel. 87106).

HE

instructiona

To 8XLL BT

PUBLIC AUCTION »

!

FRIDAY, JULY 31 1996,

COMMENCING at 5.15 P.M,

AT THIR BALES ROOM, DUDDELL STREET

A VALUABLE COLLECTION OF POSTAGE

STAMPS

Awwww.c

O - VIEW Tick THURSDAY,

THE 30TH JULY, 1986.

TERMS:-Cash on DelivEST.

LAMMERT BROS.,

AUCTIONEERS.

PUBLIC AUCTION.

THE Undersigned" are received

Instructions

TO SALL ET

PUBLIC AUCTION

ON

;,

MODERN LIFE INSURANCE

'다

Mr. Eric Mitchell Addresses

The Rotary Club

VERY FINE INVESTMENT

A bright sad instructive talk on "Modern\Life In surance" was delivered by Rotarian E. J. R. Mitchell, O. B. E., before members of the Hong Kong Rotary Club at their weekly tiffin held at the Hong Kong Hotel Roof Garden yesterday.

Rotarian Mitchell's address was punctuated with laughter, He told many amusing stories and also describ- ed the functions of an insurance agent, different types of policies and annuities and added that modern life insur• " ance was used very largely to protect business interests.

People in Great Britain, remarked the speaker, had in the past few years become very life insurance con. scious. Life insurance was a very fine investment, be- cause it was not subject to depreciation or any violent fluctuation of capital.

AGENTS PROPERLY

TRAINED

to the public as a fully qualined doctor. An unqualified man should

LAMMERTS AUCTIONS

PUBLIC AUCTION

THE

KE Underigued have received

instructions from

THE REGIST:AR, BUPREME COURT,

TO SELL BY.

PUBLIC AUCTION

ยย

not be allowed to practice in any WEDNESDAY, profession, particularly Life In- suzance, which after all in ninety- nine cases out of a hundred re- presents a man's only savings.

The best description I think that I have ever heard of Life In- Burance is "Money when it 15

needed most." because it actually provides this at death or retire

29, JULY 1936

AT 13 O'Crocs NOON'

AT THE SALES ROOM, ·

DUDDELL STREET

The Goods and Chattels at

ment, and in many cases in time: | No.35. - Nathan Road, Wed

of stress people have had to bor- row on their policies to tide them over to better days.

INSURANCE CONSCIOUS

People in Great Brita. have in the past few years become very Life Insurance conscious, and some of you may have read a number of recent articles on Life Insurance as an "investment. Life

Floor, Kowloon

TERMS ANTM CUSTOMART.

F

LAMMERT BROS.,

AUCTIONEERS"

Insurance is a very ane invest PUBLIC AUCTION.

ment, because it is not subject to depreciation or any violent auc tuation of capital. It is said,

Instructions

TO SELL BY

PUBLIC AUCTION

The President (Mr. W. N. things should exist is due to the Thomas Tam) said: "Before I go fact that Life Insurance agents on to the ordinary business of the have been too easily put off in safe and sure. There are no re- THE Undersigned, have received meeting I would like to tell mem- the past, (Laughter) Time and investment' worries 'connected with bers that the meeting next week agala I have heard the excuset, even when the policy matures will be ก business meeting-a "If you come and see me in Jana-or becomes a claim, as I shall closed meeting. Members are re-ary, I will give you a Polley." show you Uttle later on, In

that the man who is to be insur been numerous articles showing ed imagines that he is bestowing you how the return on a Life In- some great favour on the agent.surance premium can work out at and so he would be if he were to about 6 per cent. This, of course, make the agent his beneficiary is too good to be true. If, how- but not otherwise,

THURSDAY, JULY 30, 1936minded to turn up in full force which rather seems to indicate Great Britain to-day there have

.COMMENCING at 10.30 AM.

A TaxIR SALES ROOM DUDDELL STREET.

A Fine assortment' of Fancy Glass Ware and A quantity of Valuable Curios.

TEBYS-Cash of DELIVERY.

LAMMERT BROS.. AUCTIONEERS.

because Bl that meeting some fairly important business will be discussed. One; of the items on the agenda will concern our sub- scriptions for the year. Lart year we paid $35 plus $5 for com- munity service. It is recommend- ed by your Directors that the sub- scription might be reduced to $30 plus the regular $5 for community service. (Applause).

ed

Guests. including several, in- surance agents. were then intro- duced by members. They includ- Mr. M. J. Abbott (Assistant Crown Solicitor), Mr. W. E. Walsh, of the U.S. Immigration Service. San Francisco, Mr, 9. P. Rivas, of the US. Immigration Service Honolulu, Messrs. H. R. Sturt, E R. Childe, G. E.-R. Dirett. G. Bon-

and E. Wetton.

Introducing the speaker. Mr. Thomas Tam said

that besides Rotarian Mitchell's prowess the cricket field he was also well- known for his activities in the Hong Kong Volunteer Defence Corps in which he was an efficient officer. (Applause).

H

LOCAL MAPShow. Murich. JP. Whitham remuneration. A Life Insurance to-day, and you have the reotec-

Peak District,

Kowloon.

Victoria, New Territories.

HONGKONG DAILY PRESS.

HONGKONG WEEKLY PRESS

AND

CHINA OVERLAND TRADE

REPORT

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PRINTED IN GOOD -QUALITY PAPER OVER 40 PAGES

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THE WHOLE POINT

**

03

THURSDAY, JULY 30, 1996

COMMENCING AT 2,30 P.M.

AT THE SALES ROOM, No. 85. BANKOW ROAD,

KOWLOON

A QUANTITY OF VALUABLE HOUSEHOLD

FURNITURE

Comprising:--

Boom, Drawing Room and Bed Black Wood Ware, Teak Dining

Room Furniture, Ornaments, Glass & Porcelain Wars, Brass & E P. Ware, Gramophone and Records, Office Furniture, Linen, etc., etc.

Ox VIEW FROM WEDNESDAY, THE 29TH JULY, 1836.

LAMMERT BROS., AUCTIONEERS.

|PUBLIC AUCTION.

instructions

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ever, you take into account. the COMMISSION BASIS

saving in income tax and -deduct the actual cost of protection from Perhaps some of you are not the premium on an ordinary En- aware that an agent is remune- dowment Policy, it is quite con- rated on the commission basis-be ceivable that the return on, the gets no salary at all If he did, balance of the premium. after he would sit in the office all day making this allowance, will be and draw his pay at the end of somewhere in the region of 5 or 6 each month and all the Insurance per cent. If, however, you do not Companies would have to put uptake these conditions into ac their premiums to cover expenses count, the return is somewhere in not accounted for. The commis-the neighbourhood of 2 per cent. alon basis has been, found to be This, of course, you will see is not the most economical and acmuch good but it is quite as good tuarially the most sound basis of as any reputable bank can give

Company cannot afford to pay for tion.. Bome of you may, however. no business. It's premiums are argue that you can get 4 per cent. based on mortality statistics and in "Trust of Insurance" shares the interest rates and expense of and such like, and so you can, but writing business, and consequently once you start there can be no other method of shares you come into the category talking abour remuneration of its agents. The of auctuating capital and the very fact that this is the basis of ductuations of to-day are more TERMS: CASH ON DELITARY! remuneration has made it very like an ebb Hide than anything easy for Insurance Managers to else I have seen. That is why in- take on a poor type of agent, who terest rates on sych types of in- had probably failed in every other vestment are greater than rates line of business, then send him obtainable in a guaranteed type Addressing the meating, Rota- round with a Rate Book to beg for of investment. rian Mitchell said:--

business. Unfortunately for the Mr. President, Fellow Rotarians public and the business, this state and guests, before proceeding with of affairs still exists though in a When I first commenced selling ・・ this talk on Life Insurance I want very much smaller degree than in Insurance and went back for my to warn you that I have not come the past, and to this fact must be second Interview with my pros- here to-day with the idea of doing attributed the somewhat

sus-pective client, I was greeted time THE Underngned have received any business, (laughter) but vicious attitude of the publle to- and again with the reply "I can rather to give you a glimpse of wards. Insurance Agents.

[do better with my money" or "The what modern Life Insurance can While on the subject of agents' Interest is too low and this was do for you, and I can assure you commissions, I want to make it demonstrated to me by many

the that it will be quite as safe for clear that Life Insurance is not manipulations

acabus, you to remain seated in your the same as Fire Insurance, where Quite true. they could obtain a chairs as it is for those of you high rates are quoted so that high better rate of interest if they in- who are listening in at your radio rebates can be given. A Fire Invested it, but if they did not take sets. If my monologue becomes surance agent has a salary and out a policy they would not save invest it: they at ali monotonous, you can always can adord to give a return com- the money sleep and the others can switch mission to the Insured, but if aLife would spend it, so why argue Insurance agent gives away his about interest rates on a capital In the first place, what is Life commission, he is not only rob-of nothing. That is the whole Insurance, what does the word bing himself but helping to rob point, Gentlemen, about Life In- convey to you? The average mari his competitors as well, and insurance. It is money saved which thinks of it as an expense--a sort such a thing as rebating is dis-would never otherwise be saved. of unnecessary evil. imposed on covered in Canada or the United and further if you only got your one, and he buys Life Insurance States, a man is liable to hare his money back it would be a very with some vague idea of protec- licence cancelled. In Great Bri-much better investment than a tan. He wishes he had not got to tain the English Companies used good many which a number of my do it and he usually does it to to" rebate. This is poor sales- friends have been involved in

on the get rid of some agent who has manship. One should not have to laughter) particularly been pestering him (Laughter) bribe a map to do business with other side of the Pacific in the Having secured a Policy of about one, especially when the policy is past few years. (Laughter) I $1.000 on his life, he feels very for the Insured's benefit, or rather once had a man, wa'k into my

office and ask me to guarantee TERMS:-CASH ON DELIVERY. relieved and happy about it until the benefit of his family. the next premium falls due, and In the past few years some of that he would have £2000 at age when another agent comes to see the leading Companies of the 65, I said “Certainly, if you will him, he says "I'm already in-world have been doing a great guarantee to save this amount of sured," "up to the eyes, old boy" deal of educating of agents before premium untill you are age 55 or "you can't stick me for an- sending them out to see, prospec- and what is more, if you do not other Policy Gentlemen, I ask tive clients, so much so that in live to that age. I will cancel the you, how long it that £1,000 going Canada and the United States of remaining instalments and to last for the average family? I America to-day there is a degree the whole lot to anybody you like the average widow could invest it known as the CLU (Chartered to name, but why I asked him. at say 5.2 per cent, (which I doubt Life Underwriters) which has to "do you want "this guarantee?" very much it is only a matter of be sat for in examination, and the "Because," he said, "I have a simple calculation to see that this time appears to be not far distant friend who planned to retire from am would yield only £1 per when the respective Governments this Colony when he was aged 58 week How would you like to be will only grant licenses to those and he is already aged 85 but he left with a family to bring up on with CLU degrees After all, I cannot get out of this place be £1 per week Unfortunately the a doctor, a lawyer, an actuary, a cause his shares are worth balf of average Insurance per capita in chartered accountant for a priest what be gave for them and the Great Britain 1s less than £1,000, have to qualify before they can dollar is worth only 60 per cent therefore you can readily see that practice, why not a Life Under-of its value at the time he pur- the average man is very much un- writer A fully qualified Life In- der-insured. That such a state of surance agent is just as necessary (Continued on 1

07.

of

pay

TUESDAY,

1936

AUGUST

Commenting at 10.30 AM.

Ar No. 295, THE PEAK A QUANTITY OF VALUABLE HOUSEHOLD #FURNITURE

ON VIEW FROM MONDAY, THE SED AUGUST, 1986.

LAMMERT BROS,...,

AUCTIONEERS.

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