1937-05-21 — Page 7

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LARGE INCREASE IN". CLAIMS REPORTED

China Underwriters Hold Annual Meeting

The thirteenth annual general meeting of China Underwriters Lid was held at 4A. Des Voeux Road Central, yesterday: Mr. A. L. Shields. Chairman of the Board of Directors, presided.

Claims at $62,243, said Mr. Shields, showed a very larze In- crease on those shown in the previous year owing to two compara- tively, large total losses.

The Chairman said:--

Before proceeding with the re- gular business of the Meeting. the Directors wish me to express their regret at the death of Mr. C. A. da Roza, who has been a Member of the Consulting Committee and the Board of Directors since the com- mencement of the Company, and has or. more than one occasion acted as Chakman.

We have now the pleasure to lay before you our report and accounts

for the year ending December 31. 1936, and, as these have been 'tn. your hands for the required period I will with your consent, take them as read

occasions. re-

As on previous venue items have been converted to Hong Kong dollars or sterling at month rates of exchange and balance sheet items at rates ruling on December 31, 1936.

The figures have then been com- bined at ls. 2.7/8d, as compared with 15.3.5/8d at December 31 1935.

In the Lite Assurance Depart ment annual premiums at $804,477 are about the same as last year. and we have in addition received consideration for annuities of $20.-

060.

Claims by death at $91.095 are heavier than the unusually light Agure of $57.139 in 1935.

year, but are ample to cover the unexpired risks under existing po- licies.

Ia the Marine Department pre- lums at 280,969 are very slightly lower than the figure shown In 1935.

ratlo over

CLAIMS SHOW INCREASE"

very Claims at 885,243 show a large Increase on those shown in The previous year owing to two comparatively large tots losses, the past 2 or 3 years. but show a reasonable

Expenses have been reduced and the fund has decreased from 8167,- 890 to $155.881. The present fund bears u very large entlo to the Premium Income and to the total is ample to take claims paid during the year, and care of any claims which may arise in respect of unexpired risks.

The main item in the proft and less account is the interest on in- vestments not carried to other ac- counts.. After transferring $45,000 from this Account to General Re- serve, there remains a balance to the credit of profit and loss of 810.- 237.

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HONG KONG DAILY PRESS. "

COURT MARTIAL

VERDICT

Gunner Banbury To

Be Sentenced

|

FRIDAY, MAY 21, 1937.

ROYAL NAVY

Schoolmaster Branch

The promotion is announced from May 1 of Headmaster Lieu- tenant-Commander A. D. Lewis, M.B.E., to the rank of headmaster commander. He is the first to be advanced to this rank on the ac- tive list consequent on the changes In the titles of the Schoolmaster Branch..announced in "The Times" of April 24.

The verdict of the District Court Martial on six charges preferred against Gunner R. R. H. Banbury, 24th Heavy Battery, R.A., was an- nounced at the anal sitting at Stonecutters Island yesterday:-

The verdict, was:

FLOTILLA LEADER CHANGE Housebreaking and larceny on

HMS. Kempenfelt has been re- the night of March 28/29, when commissioned with & Chathain with Gunner Edward Halley, he crew for service as the ship of the did' break and enter the Quarter | Captain (D), 4th Destroyer Flotilla Msater Sergeant's Stores and steal Home Fleet, Captain R. R. Mc- 60 rounds of blank ammunition | Grigor. In place of the Campbell. valued at 35. 64d; Gulity.

The latter ship has reduced to cara

An act to the prejudice of good) and maintenance status under the order and military discipline by administration of the Commander- pointing a rifle and bayonet- at in-Chief

the Nore pending Gunner R. Arnold; Guilty.

transfer to the Reserve after the Assault on a police officer in the Coronation Review. Lieutenant- execution of his duty, in' that he, at

Commander W. J. Fisher, late of Stonecutters Island during the the battlesip Resolution, has been night of. March 28/29, with Qun-appointed in command. ner Holllley, assaulted Indian Po- Lice Officer No. 114 Fazil Khalig. Royal Naval Yard, by striking him with his fist; Guilty.

R.N. BENEVOLENT SOCIETY Attention is drawn in Fleet Or- ders to the work of the Royal Naval Benevolent Society, which Offering violence to his superior was instituted in 1937 to afford re- officer, in that he, when spoken to Hef to distressed officers of the by L/Bdr. C. Gibson, presented a Navy and their dependents. It is bayonet at him: Not Guilty,

pointed out that although the Wilfully Injuring public pro-Admiralty has introduced a scheme perty, in that he, in company with of life assurance for naval officers, Gunner Halliley did wilfully break this does not make it any less 71 panes of glass and one sash bar, necessary to join the society. be- to a total value of $40.87; Guilty." cause its benefits are chiefly for emergencies which life assurarice does not cover. In 1938 the grants made in 98 cases amounted to £3,899 and in 8 other cases to £800. The office of the society is at 18. Adam Street. Adelphi, Lon- ›don, W.C.2.

Disorder to the prejudice of good order and military discipline, in, that he, in company with Gunner Halley did create disorder on Stonecutters Island. Guilty.

Sentence will be promulgated

later.

The Court comprised Major H. McL. Morrison, M.C., (Royal Ulster Rides) as Judge Advocate, Major

Turning to the balance sheet. the value placed on investments is within the market value on De- cember 31, 1936 without taking into account the Exchange and Inc. Barclay, M.B.E. vestment Fluctuation account Surrenders show a satisfactory stands at #250.054 while the Ge- "reduction from $152,520 to $101.234.neral Reserve account, arter trans- Expenses at $199,237 show a de- ferring the 945 000 referred to from crease from the figure of $214.553 the proft and loss account, stands In 1935. Agency Expenses have at $165,000. been reduced by 50 per cent since 1933.

LIFE ASSURANCE FUND INCREASE

The Life Assurance Fund, which, together with the paid up capital. "represents the Reserve against the Company's Actuarial Liabilities, shows an increase from $336,427 to $572,208. Of this increase $27,518 represents the exchange profit an the conversion of funds at the be-

-

The somewhat large amount vested shown as "Cash on Cur- rent Account. &c." has since been invested in suitable securities, and at the present, time our balances available for investment are small.

In conclusion, I should like to

place on record our appreciation

of the valued co-operation of the Managing Director. the Branch Managers, Secretaries and Staff, and I have now the pleasure to

12

ginning of the year. Excluding ex-propose the adoption of the report change the increase was $208,323

and accounts for the year ending as compared with the correspond- December 31, 1936.

gigure of $135,831 last year, and 13 by far the largest Increase yet shown in the Life Assurance Fund.

In the

Fire Insurance Depart. ment premiums at $107.379 are about the same as in 1935.

Claims at $75,897 show a con- siderable increase over the light Sgure in 1935,

Expenses show a small reduc- tion, and the Reserve. In this ac- count is reduced from $86.478 to $72.588. The expenses will be fur- ther reduced' by certain economies the departmental working which will take effect during the current year.

in

In the Accident Department net premiums at $44,762 show a reduc- tion from the gure of $53,637 in 1935.

Claims at $32,876. Have been hedvter owing to unsatisfactory re- sults in one agency.

The Accident Funds at 847.313 show a reduction from the figure of 855.358 at the beginning of the

Returned Banishees In Court

Banished from the Colony for life last November, Chan Yau, 62. unemployed, made his appearance before Mr. W. Schofield at the Central Magistracy yesterday. He was arrested on May 17. His Worship sentenced the defendant to a term of 12 months' hard Jabour.

Yuen Fu. 28, unemployed, another banlahee who' was banished for

five years in August 30, 1933 was sentenced to six months' geol for returning to the Colony before the expiration of his banishment.

Wong Loi alas Wong Yau was sentenced to twelve months' when he was convicted for returning to the Colony before the expiration of his banishment. He was sent away for life in November last year. The defendant was arrested "In Des Voeux Road on May, 18.

POISONING CASE

A married woman, Tsu Wun Lupg., aged 31, of 50, Feel street, second floor, was sent to the Gov. ernment Civil Hospital yesterday Buffering from lysol poisoning self- administered.

The chairman's proposal for the adoption of the Report and Ac- counts was seconded by Mr. N. V. A. Croucher and animously.

was carried ́un-

OTHER BUSINESS

On the proposal of Mr. H. J. M. Figueiredo, seconded by Mr. Lo Chung Wan, Messrs. A. L. Shields, and R. A. Dastur were re-elected to the Board of Directors.

"

Messrs. Lowe. Bingham and Matthews, And Messrs. Percy Smith Seth and Fleming were re- elected auditors at a remuneration of $1,250 each, on the proposal of Mr. E. L. R. Leitao, seconded by Mr. Lee Yak Ngok.

Present at the meeting were: Messrs. A. L. Shields (Chairman). R. A. Dastur, La Tse Fong (Direc- lors), H.. R. Sturt, Managing Dir- ector) E. R. Chlide (Secretary). Others present were Messrs:-Y. N. Lee, C. A. L. Rickett, F. G. Barros, and H. J. M. De Figueiredo. (Share- holders).

REGISTRY WEDDING.

At the Registry of Marriages Supreme Court, yesterday morning

RETURN OF THE HASTINGS

leave Malta to-day for home. She H.M.S. Hastings is expected to

(Seaforth has been repaired at a cost of Highlanders), Capt. R. F. A. Grook-about £46,000 after grounding on shank (Royal Ulster Rifles) and the Shabkutb reef, off Suakin, Lieut. W. Cotham.

while on passage to Port Sudan ini June, 1935, during service with the Red Sea Division. The Hastings should arrive at Plymouth on May 8 and will probably be recommis- stoned on May 10 for service as Senior Officer's ship in the Fishery Protection and Minesweeping Flotilla, Portland, in succession to the Harebell

The prosecutlrig officer was Capt. M. Yates (RA), and the defending offeer Capt. L. C. Marson (R.AD),

LOCAL ESTATES

!

George Bispham late of No. '60, The Drive, Hove, in the county of Sussex, England, who died on March 3, 1936 at Taj Mahal Hotel, Bombay, in India, left local estate to the value of $6,300. An ap plication by Ralph Archibald Wadeson, solicitor, the lawful "at- torney, for sealing certified copy of probate of the will and codicil of the deceased has been granted by the Supreme Court.

11

"ALL PARTIES

Local estate sworn under $3,600 was left by the late Mr. Loule Cheung, alias "Loule Jones, who died at Lin Wal Village. Fatahan,

The trouble was sald in the Province of Kwangtung, on September 18: 1936 having attain started through a pair of shoes ed the age of 46 years intestate: which, according to defendant,

to have.

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THREATENED. TO KILL NEPHEW

Fong Kan, aged 28, unemployed, BOUND OVER

appeared before Mr. K. Keen at There was a sequel, before Mr. K. the Central Magistracy yesterday on a charge of committing a M. A. Barnett at the Kowloon Ma. gistracy yesterday, to the assault breach of the peace at the Yee which took place on April 30, at Tak Sesame Seed factory on May the Fuk Sang shoe shop, at No. 18. In answer to the charge de- 434. Nathan Road, when Ng Yik- fendant stated that he only wh. nam was alleged to have strucked to obtain some money from his elder brother so as to be able to Fung Sal-man, twice on the same

go back to the country. day.

Sergeant H Danbrowsky said that the complainant, Fong Shi- cheun, aged 39, was the master of the seed factory and elder brother A petition by Loule Yeung-shi, had been made intentionally too

of the defendant. At 10.30 p.m. widow, of the same village, teth-large by complainant, who was as-

on May 18. defendant went to see porarily residing at No. 58 Con-signed to the work by his master,

brother of the defendant.

him and asked him for some naught Road West for grant of

Complainant, in his evidence, door of the house was chut against money but was refused." As the letters of administration to the

stated that when he returned to estate of the deceased has been granted.

the shop just before noon on the it down and threatened to kill his the defendant he started to kick day in question, he saw that his four-year-old nephew the belongings were all scattered on the floor. He was informed that defendant was responsible for the

sworn

The late Mr. John James 'Wool- len who died at Tientsin in the Republic of China on November 22, 1930 left local estate under 81 300, An application by Ralph Archibald Wadeson, solici tor, the lawful attorney, for seal- ing letters of administration with the will annexed to. the estate of the deceased has been granted.

THEFT ON VACANT FLOOR

mischief.

His Worship, after hearing the facts, said that there was not enough evidence to register a con- viction, Defendant was discharg- cd.

To prevent further disorder his Worship bound over both parties and also defendant's brother, who was the master of the shop, in the sum of $20 each to keep the peace for one year.

A

DOING THINGS IN STYLE!

next

plainant did not give him the time he saw him if the com- the money he wanted. The elder brother then called for the police and had the defendant arrested.

Defendant was commonly known" to be an annoyance in Shaukiwan A breach of the Deportation Or- defendant in a previous convic dinance was proved against the

alon in 1934. posed a fine of $25 or a month's His Worship im-

hard labour in default, and order- ed the defendant to be sent back to the country when his sentence expired.

SALE OF FOUR CHILDREN

Wang Hoi, aged 28, unemployed, the wedding took place between who appeared before Mr. K. Keen Mr. George Chu, aged 32, bachelor, at the Central Magistracy yeater- merchant, of, No. 46 Peel Street, day on a charge of stealing an top floor, son of Chu You; meriron grille from No. 86 Robinson chant, and Miss Helen Wu, aged Road on Tuesday, was sentenced Herlon divan, which Was 29. spinster, of No. 280 Queen's to two months' hard labour.

elaborately atted out, was dis Road Central, second floor, in the Lance Sergeant Dall stated that covered by Senior. Revenue Officer presence of Messrs. Wu Chung and No. 68 Pobinson Road was one of Grimmitt at No. 167. Des Voeux three men and one woman, who Through information, received, Luf Kwing-chung: Mr. T. 8. Whyte- two vacant floors and a number Road Central on May 12, when a were alleged to have been respon- Smith, Registrar of Marriages, off of articles had been stolen from raid was carried out. Chan Sze, sible for the transactions of four clated, in the ceremony.

the premises recently. While an the man in charge of the door, minors, between the ages of two Indian constable was patrolling appeared before Mr. K. Keen at and three years. were arrested the district the day before yester-the Central Magistracy, charged and charged before Mr. E. Hims- day, he heard noises fastde the with being in possession of heroin wörth at the Kowloon Magistracy building and on entering he saw pills.

yesterday with the sale of the two men, the defendant being one SR.O. Grimmitt stated that the children.

premises was a very large divan

L Kwan-cheung, aged 37, who and 22 pipes, together with 25 was alleged to have bought these lamps, were found on the door children from their parents, in- Electric bells were installed and tending to take them to Malaya beside every bed there were there where they were to be sold again mos flasks and maid servants were to families who wanted to adopt there to attend to the customers' children, was convicted and sen- wants. The floor was next door tenced to twelve months bard labour. It was disclosed that he was a returned bachée.

CHINA COMMAND

Examination Results

ACKNOWLEDGMENT

It is notified that the following of them. The other man ran away officers attached to units of the but the defendant was caught by China Command have passed their the Constable. The value of the recent "promotion examinations: grille was $25. Capt (Bt. Major) J. W. Stevens, R.ASC.. Lleut E.. R. E. Dayrell. RA, Lieut. J. M., Wood, RA, and Lieut. HE.C. Weldon, R.A., all of whom are stationed in Hong Kong: Capt. R. H. Green, Army, Dental Corps, Tientain, and Lieut. D. W. Rayner, 1st Bn The Lancashire Fusiliers, Tientsin, and. Capt. F. L. Fccles, 2nd Bn. The Loyal Regi- ment, Shanghai.

J

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The Hong Kong Travel Associato the Sincere Company, tien jcknowledges with thanks One years' hard labour was im- the receipt, of the following sub-posed on the defendant with a scriptions:

further fine of $2,500 or six P&O Steam Navigation Co. $500 months hard labour. All articles Eastern & Australian 8.8. Co. $250 found on the premises were or British India B.3. Co..

$250dered to be confiscated,

The three other defendants, Ho Wing, 30: Chau Ng, 44, married woman; and Lam Wan, 63; alleged to have acted as go-betweens, were discharged.

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