1938-05-07 — Page 7

HONG KONG DAILY PRESS

INVESTMENT DIFFICULTY TOLD SHAREHOLDERS

Canton Insurance Office

Annual Meeting

Payment of a final dividend in respect of the year 1936 of $8 per share and an interim dividend in respect of the year 1937 of $5 per share was decided at the annual meeting of the Canton Insurance Office Lid, yesterday.

The Hon. Mr. J. J. Paterson presided and the following members of the Consulting Committee were present:-Mesra. A R. Compton, T. E. Pearce, J. H. Taggart and FC. Hall. Shareholders present" "were:-Hon. Mr. M. K. Lo, Messra M. H. Lo. Ho Kom-tong, J. Plez- Ing, Lo Cheung-ip. H. W. Dulley, Ho Shal-cheung. D. Hung. C. B. Brown. S. Hampdon Ross anc. A. R. Fullerton (attorney for J. E and F. A Joseph).

The Chairman sold- The statement of accounts for the year 1936, which we now pre- sent to you, is definitely lean when compared with that for 1935 and, In view of what looked to b. an excellent carry forward at this time last year, the outturn is most disappointing to us.

Premium Income exceeded that

tory

BIRTHDAY OF KING GEORGE

Governor To Review Troops At The Valley

GENERAL

GERMAN ENVOY TO TOKYO COMING HERE

Herr E. Ott Due On Thursday

In accordance with usual cui-

K distinguished visitor to the of tom, local celebration

the

Colony next week is Horr E. VIL, birthday of His Majesty King German Ambassador to Tokyo, who George VI on June 9 will include is arriving from Japan on Thurs-

review of the Garrison at Happy day by the as. Felix Roussel, Valley, at which His Excellency the Governor, Sir Geoffry North-Attache at the Embassy at Tokyo Herr Ott was formerly Military cote, will take the Salute during and was recently elevated to am- the March Past.

bassadorial rank following the ap- Below is a summary of arrange-pointment of Dr. Herbert von ments and form of ceremonial Dircksen as German Ambassador issued by the China Command to London. yesterday:---

On Thursday evening, Herr OF The Review will commence at will dine with His Excellency the the circumstances—no 8 àm, on June 8th, 1938, at which | Governor and Lady Northcote at market quotations being available hour His Excellency the Governor Government House. He leaves for the method we have adopted was and Commander-in-Chief arrives Europe by Imperial Airways plane

only reasonable one. The at the main entrance to the Race the following day. position, is undoubtedly most dif- ficult and the future obscure

11

|terest to the end of last year had been received. It was considered that in

the

INVESTMENTS

All other Investments and Mort-

for 1935 by Just on $294,000, E-gage Loans have been included, as penses fell from 29.28 per cent to customarily, at or under market 28.93 per cent,, but these satisfac- or face value respectively and,

features were entirely

after the necessary writing down nullified by the rise in the per- has been

done, our “Investment centage of Losses from 55.80 per and Exchange Fluctuation Account cent, to 64.64 per cent, leaving an stands at the substantial gure of Underwriting surplus of but 6.43 $2,389.61, or £148,838. 14. 6 as ex- per cent as against 14.92 per cent..pressed in Sterling.

for 1935.

The figure of income from In- terest fell by approximately $30.000. this being due to the number of conversions and repayments that were made in respect of gilt edged stocks during the period under

review. We feel that we are for.

tunate to have kept it where it 15 seeing how many difficulties ap pertain to the investment of funds in these days.

BALANCE SHKET

The surplus to be dealt with is $972.385.41 out of which has been

paid an interim dividend of $5 per share, We now recommend a final | payment of 38 per share, making in all $13 per share. which will absorb $850,000, and the transfer

of

Course.

..

ACKNOWLEDGMENT

Beating accommodation for those desirous of witnessing the parade will be provided in the various

The Hong Kong International closure A, B, D, and È will be by ledges with thanks the following enclosures. Admission to E- Medical Rehef Committee acknow- ticket obtainable only from the donations: Deputy Assistant Adjutant Gen eral, Headquarters China Com- mand, to whom application should be made by those requiring ac

commodation,

Officers and other ranks of HM. Forces, In uniform, do not require tickets.

No application need be made for admission to Enclosure. 'C'.

Enclosures will be provided as under

25252525

SATURDAY, MAY 7. 1938. -PAGE 7

FURNITURE OF QUALITY AND DISTINCTION

38.50

Made

Proceeds of a concert...... E. Joseph Evans, Call- foma (for the man- tenance of a Red Cross Unit for one month) ... 1,200.00 Miss E. G. Kemp (for

medical supplies) 10 gns. 109.30 Miss Bella Tartton (per

Leland Wang. Esc.) $2 6.34 Anonymous

Enclosure "A". — Reserved for) Henry Grimes. General Secretary International

the balance of $322,385.41 to special invitations. Underwriting Suspense Account, to close 1938 and previous years.

• MARINE INSURANCE

from

well seasoned and selected Teakwood, under direct

10,00

F. D. Tracy. Esq. Uunion Church, Kowloon An American, Friend ......

25.00

European supervision. Furniture supplied by us, guaranteed for 2

14.00

50.00

years.

い

Y's Men's Clubs, Law- rence, Mass .GES

18:10

240.00

30.34

32.13

25.00

100.00

From German Friends (per

Dr. L. H. Mai) Dr. G: H. Edwards C. Cheal, Esq.

The Bellios School

Messrs. L. Dunbar & Co".... The Rev. H. W. Baines

Total

PASSENGERS ARRIVED

5.00

LANE • CRAWFORD

LTD.

The House of Quality & Service

$2.011.71

Schoolchildren from the Garrison Schools.

The following passengers arrived "G"-Schoolchildren from the the Colony by the Empress of Colonial Schools,

Russia on Thursday: "H".-Press.

. Mr. L J. Biron. Mr. 3. Huga.

"B".-Omcers of the Royal Navy, Army and Royal Air Force, Hong The balance of $2,363,985.87 at Kong Naval "Volunteer Force, credit of 1937 Account allows of Hong Kong Volunteer Defence the payment of an interim divi-Corps, their familles and friends The balance at credit of Warking dend or $5 per share for that year, and members of the QAIM.NS.

leaving an amount of $2,113.965.87 "C".-General Public, Account 1937, as at the 31st

to be carried forward.

"D"-Chlef Petty Officers and December last, stands at $2,363.

Petty

Officers, Royal Navy. War- 965.87, an increase of $151,933.95 on

rant Officers, Staff-Sgts. and that, for 1938 at the same stage.

I do not propose to inflict on Bergeants of the Army and Royal With a vivid recollection of how you a lengthy dissertation on the Air Force. Families and friends. sadly 1936 let us down in this shortcomings of Marine Insurance, "E"-Ratings Royal Navy. Other respect, we refräin from making about which so much has been Ranks Army and Royal Air Force. any prophecy as to the final out-written. suffice it to say that the Families and friends. turn but judging by our statistics year 1936 was most unsatisfactory, "F-Boy Scouts, Girl Guides and, granted no repetition of the more particularly with regard to and 1938 debacle, we feel that it shouk London Underwriting where the give no cause for complaint.

hopes engendered by results from A review of the Balance Sheet 1929 onwards though dennitely will show that the total of Assets❘ waning in 1933/1935-crashed very is down by $386,095.84 and £23, | badly. The main reasons for this Ticket Holders for Enclosures A 600. 6. 4, sa expressed in Hongwere undoubtedly excessive com-to H inclusive, can reach these Kong Currency and Sterling. The petition, the high cost of repairs enclosures through the main en- Reinsurance Fund up by 3201, and the unusually bad weather trance and by a specially."con- Mr. W. D. Denham, Mr. A. E 324.00 and £12,608. 17. 8, respec- that was experienced in Europe structed bridge over the race Fenton. Mr. J. G. S. Horn, Mr. W. tively, the Underwriting Buspense during the winter of 1938/1937. course, The entrance to the race) J. Kelly. Mr. H. J. Kaerger, Mr. Account by $9,483.02 and £588.

We are glad to be able to inform course through the saddling en- W. C. Rent, Mr. W, S. Murray, Mrs 10. 2, while the Investment and you, "however, that our London closure will not be open to the. Rathje. Mr. Cuhr, Kai, Mr. and Exchange Fluctuation Account re-friends are now more optimistic as Public.

Mrs. R. Z. Levi. veals decreases of $186,434.95 and to what lies ahead, owing to The only entrances to the en- £29,962. 17. 11, these last being drastic changes that have been closures and face course stands to the fall In prices of made in rates and conditions are by the main entrances, all of securities, both Sterling and Local There can be no doubt that Lon-which will be closed at 7.55 .m. Crrency, as quoted on the 31st don Underwriters, have received His Excellency The Governor December last.

some very shrewd blows during the and Commander-in-Chief arrive at The care of funds is a difficult past two years and are most the Parade Ground escorted by a problem under present world con-anxious to put their house in Motor Cycle Detachment of the ditions and you will have read the order.

H.E.V.D.C., and, Immediately after receiving the appropriate honours, inspects the Parado.

duc

Base and takes the Balute when

Mr. T. D. Khona. Mr. B. Lind, Mr. G. R. Ross, Mr. L Warner, Mr. W. D. Barker, Mr. and Mrs. H. Bridges,

Mrs. M. & Chow. Miss H Y. Chow. Mrs. G. W. Hsu, Master Hau, Master" F. C. Hau, Master C. Hsu. Mr. T. Y. Lee, Mr. C. H. Liu, Dr. and Mrs. Mei Lan Fong, Mr. C. a. Shen, Mr. Z. Tao, Mr. G. T. Yuan, Mr. H. G. Abdoola, Mr. and Mrs.

R D. Ashar, Master Ashar Miss D. Aahar. Mr. and Mrs. P. J. Gobel note that appears in the Report The Report and Accounts were

Master & Gobel, Master V. Gobel, relative to the Company's Invest-adopted on the Chairman'a mo-

Miss M. B. Gobel, Mr. F. A ments in Shanghal and which not tion, seconded by Mr. Ho Kom- Excellency return to the Saluting Miss Loo, Mr. R. S. Mowawalla, After inspecting the Parade Hs Lawyer, Mr. R. Lakhani, Mrs. Loo, only has the approval but was in-tong... serted at the Instigation of our

str Robert Ho Tung. Messrs Dthe Parade marches past.

Mr. M. G. Madsen, Mr. B. Narain- Auditors. As these Investments

das, Mr. J. J. Shah, Mr. H. B. are entirely confined to Erst-class E. Clark, A. H. Compton, F. A

Joseph, T. E. Pearce, J. H. Tag-to

The following will be in pos- Sakhrani, Rev. Sister St. Phillip, debentures and mortgages, the

on the platform in atten- Mr. 6. T. Vyas, whole of the latter being within art and 8. T. Williamson

were dance on His Excellency during Mr. and Mrs. A. Ward. Mr. "R. the defence. areas, and as all in-re-elected to the Consulting Com-the March Past:-The Comma Franial, Mr. U. T. Thadani, Mr. T.

mittee on being proposed by Mr. dere, Hong Kong. J. B. Brown and seconded by Mr.

Commodore Beck, Mr. A. K. Grondahl, Rt. Rev. E.B.C. Dicken, O.B.E.. J. Fleming.

DS.C. Bishop R. C. Hall, Mr. E. L. Kil- Royal Navy, the Officer Command bourne, Mrs. M. McKay, Mrs. A. Mesars Lowe, Bingham and Mat-ing The Royal Air Force, Group McClaufiin, Miss N. W, Thompson, thews and Percy Smith, Seth and Captain, A. H. Peck. D.8.0. and Rev. Fr. T. H. Donovan, Mr. 7. A. Fleming were re-elected auditors. the Commandant E.K.V.D.C. Thom,

NEW OFFICERS

FOR CHINA COMMAND

Posts Of G.S.O.(2)

And Staff

Captain

..

JOAN D'ARC DAY

OBSERVANCE· ·

11

Lieut.-Colonel R.C.B. Anderson, Col. and Mrs. W: H. Allen, 'Mr. MC. Daring the March Past the C. P. Grandgerard. Mr. R L. Parade Commander.

Urban, Mr. F. S. Elias, Mr. K. Brigadier FWL Bissett D.B.O., M.C. w also join His Excellency,

After Marching Past the Parade

On the occasion of Joan d'Arc will reform line. Day tomorrow, a salute of. 21 guns

い

His Excellency then leaves the

Kopelman, Mr. F. B. Kunstein, Mr.

Ling Kunstein. Mr. L. Raphaely.

Et. and Mrs. R. F. Akers, Master Akers, Mrs. D. Bratton, Miss J. Bratton Miss D. Dowell, Mrs. F.

will be fred by all; M. ships in platform accompanied by the Ellott, Miss P. Elliott, Miss M the stream at 8 am, at noon, and Bervices and takes up a position The positions of 0.5.0.(2) and at sunset, Saluting ships will fly in front of the Flagstaff, Staff Captain, China Command, the French Ensign.

which have been temporarily vacant, will be re-occupied with the arrival in Hong Kong shortly of Major A. C. French, Buffolk Re- giment, and Captain R. E. Moody, Inniskilling Fusiliers.

WLS

.promoted to

M

add

Elliott. Colonel F. M. Fitta, Migs

Kneedler. Mr

Mrs.

The form of Ceremonial will

Haklage, Mr. and Mrs. F.B. All naval ships except those re-fellow that laid down for Parades Lorett. Master C. Lovett, Mr. tting will be dressed overall from held in sam till sunset.-

honour of the King's and Mrs. E Mendoza, Major and Miss........ A. C. Birthday when the Sovereign la Mrs. D. O'Keefe,

O'Keefe, Master D. O'Keefe, Jr.,

Mr. A. Rice, Miss M. Rubin. Miss J. Reyes. Major R. V, Rickard.

11

+

not present.

The Union Jack flown during, |the March Past will be hauled

LOCAL FILM AGENT down and the Royal Standard Rey. Sister St. Mathieu, Mr. Tan

TO WED. SOON

Born in 1896, Major French was gazetted Second Lieutenant in

Klan Boe. Mrs. Gallegos, MT, R. A (furled) run up to the masthead. 1915 and

The Commmander of the Parade Findlay. Miss W. Hunton, Mr. E. Lieutenant in 1917. From 1921 Mr. Berry Greenburg, Jr., mana orders, the Farade to give the

W. Remington, Mrs. W. E. Reming- to 1925 he was assistant Inter of Metro-Goldwyn-Mayer of Royal Salute and the Royal ton. Mr. and Mrs. J. W. Stewart. structor at the Machine Gun China, and Miss Leonora Clara Standard will be broken at the Miss J. Petrie.. School and from 1933 to 1935 Wohlgemuth, of No. 216 Pokfulam, masthead representing the arrival was GAO. 3 for Physical Train-House No. 1, have announced their of His Majesty the King,A Ing, Western Command. Prom forthcoming marriage.

then till 1937 he was Brigade

Major, Aldershot : Command.

Captain Moody was born in 1901,

AT THE

IN THE

Department

Jurnishing

̈“GRIPPS”

Tel. 28151.

HONGKONG HOTEL

FAREWELL DINNER DANCE

TONIGHT SATURDAY 7th MAY

·WITH -

EXTENSION TILL 2 A.M.

RESERVATIONS ***

PHONE 30281

SYLVIA and CHRISTIAN

FAMOUS CONTINENTAL ARTISTES

DINNER $5.00 PER FERSON

NO EXTRA COVER CHARGE

THE HONGKONG & SHANGHAI HOTELS, LTD.

TOO GOOD TO MISS

"WHAT'S YOURS"

DLO. KAN SAME AGAIN?

ERE APPOGNENDE.

"FRAID, NOT – CAN'T

BE LATE FOR SUPPER

TONIGHT

SPECIAL GUESTS,EM?

NO! SPECIAL FOOD- WALL'S SAUHIGEL. I WOULDN'Y MIKS ‘EN FOR ANYTHING"="

YOU, SOME ALONG YOU

WALLS SAUSAGES

VIMALS & DONS LIRITAO, THE JREAY, ALTON

Domestic exports of fresh fruits) from: Canada in January of this year were valued at $1,016,507, as compared with $997,298 in January.

The Troops on Parade will then His Excellency The Governor 1937, The United Kingdom" was ¿dvance In Review Order and the land Commander-in-Chief then | the chief, market with a total of Royal Salute will again be given leaves the Parade. Ground, after $940,058 Fresh apples accounted followed by three cheers for the receiving the appropriate honours, for the bulk of the January, ex- King

accompanied by the Escort of the ports amounting to 269491 barrels As the Royal Standard is hauled HXVDC

valued at $1,007,134, as compared. down, signifying the departure or Tramic Control. Including the with 270,057 at #997,185 En January. and has served for a time with Percy Noble, leaves for the North His Majesty, the Royal Balute will provision of car parks is in the 1937. The United Kingdom "took the 2nd Northumberland Fusiliers.today.

once more be given by the Troops, hands of the civil Police.

$250,429 and Germany: 249,096,"

zained his commission in 1921 and

was gazetted Lieutenant in 1823.

C-IN-C, LEAVES

The Commander-in-Chief of the

He was appointed Captain in 1935 China Station, Vice-Admiral Bir

AN, DELICIOUS

·NO' WONDER” YOU REFUSED

·AMOTKER ORİNIC-

FOR SALE --

NEW LAID LEGHORN EGGS From The Barly Bound Leghorn Farm Tai Po Market, New Territory

HUNG CHEONG

(Tel. 57108)

68, Nathan Road,

KOWLOON.