1939-05-19 — Page 11

41

HONGKONG DAILY PRESS

CHEKIANG'S

WARTIME

POLITICAL PROGRAMME

CHUNGKING, May. 18 (Central), -The maintenance of political 3dministration and the establish- ment of schools in the 14 counties under enemy occupation are in-

Canton Insurance Office Annual Meeting: Chairman's Review Of Year's Working

A final dividend of $8 per share in respect of 1937 'work- ing account and an interim dividend of 55 in respect of 1938 were approved at the 88th" annual meeting of shareholders of the Canton Insurance Office, Ltd. which was held in the Board Room of Messrs. Jardine, Matheson and Co., Ltd. yes- - terday.

of

cluded In the wartime political Mr. D. F. Landale, Chairman of, have hopes that as the result programme of Cheklang, accord-the ing to Gen. Huang Shao-hslung. sided, supported by the following a marked improvement.

Consulting Committee, pre-some drastic pruning there will be Chairman of the Provincial Gov-members of the Committee:-the Hon. Mr. M. K. Lo, the Hon. Mr.

ernment. "

were

Shareholders

present Messrs. W. L. Mackenzie, Ho Kom-

BALANCE SHEET Scrutiny of the Balance Sheet will reveal that the total of Assets has fallen by HK $1.137.319, or £70,490 as expressed in sterling.

On the other side.. it will be. found that Reinsurance Fund is

The functioning of politicalT E. Pearce, Mr. A. H. Compton. organs in the occupied areas is Mr. S. T. Williamson and Mr. F. necessary in order to counteract the C. Hall, secretary, enemy's influence in the political. cultural and economile fields. General Huang explained.

Many schools in the occupied shlu, N. V. A. Croucher, M. W. Lo. areas have already been reopened M. H. Lo, J. H. Danby, H. W. very necessary transfer of £50,- and over 3,000 students are under- Dalley.. D. Hung. Ho Sai-cheung. 1000 to the Underwriting Account going training for wartime sers. Hampden Ross and D. V. Stea- to meet the delayed losses already

vices.

FINANCE & SERVICES.

CABLE & WIRELESS LTD. MEETING

£1,203,671

Profit

For Last Year

Lord Pender, Governor of Cable and Wireless, (Holding) Limited. presided at the annual meeting of the company at Holding on May 17."

1939.

Addressing the meeting, His Lordship said, inter alia;

We meet to-day under the sha- dow of the grave international tension and unrest which has un- fortunately become almost charac-ST SCOTCH WHIS

teristic of the past few months.

tong, H. J. Armstrong, Lo Cheung-down by $804362 as the result of had an adverse effect both on bus.

verison.

CHAIRMAN'S SPEECH

Robert writing Suspense Account shows to-day. an increase of $388.132, result

since in from the transfer of £50,000 Com-that I have already mentioned.

The surplus to be dealt with

the subsidiary Companies for 1938

The dividends receivable from amount to £1.217.000 which may be compared with £1.231.000 in

1937.

In addition to these dividends the sum of £63,080 has been re- ceived on account of a special divi-

The conditions have naturally

ness generally and on the dnancial results of all Companies for as it has recently been pointed out the referred to,

aggregate profits of Companies Investment and Ex- Outside the occupied areas, the

change Fluctuation Account

issuing their accounts during the bas political programme of the Pro-

fallen by $383,289 and the shrink-first quarter of 1539 are some ff- vince lays special emphasis on the The Chairman said, in pastage would have been greater had

teen per cent. less than for pre- following main items:

vious year. 'I wish to preface the few remarks not this Reserve received support The adjustment of political ad-I am about to make with an ex-from cther directions. Under- ministration with the ultimate aimpression of regret that Sir of making Cheklang, a truly de- Ha Tung is not with us mocratic province; the strength-It is well over twenty years ening of people's self-defence he joined the Consulting units so as to make them a poten-mittee of this Company, and dur tal fighting force: the improve-ing that period the benefit of his for the 1937 Account is 5911.762. ment of the conscription system; sound advice was constantly at out of which has been paid an the adjustment of the financial pur disposal: advancing

Interim Dividend of $5 per share. years. administration; the control of the however, brought with them We now recommend a final pay-dend from the Marconi Company.

the wish for relief from the cares or ment of $8 per share making in increase in the productive power business and, in expressing our all $13 per share which will vestment Trust is unchanged at of the Province, and the opening most sincere thanks for his many absorb $650,000 and the of new schools as well as the valued services, we wish him long of the balance of $261.762 to Un-is particularly noteworthy in view training of young men for services tire and all happiness in his re- derwriting Suspense Account to in various fields. The programme tirement. I am pleased to be able close 1937 and previous years. The

of the difficult nature of the year is based on the Principles Govern- to inform you that the Hon. Mr. balance of $2,174.828.54 at credit ing Resistance and National Re-M. K. Lo has accepted our invita- of 1938 Account allows of the pay construction as announced by the tion to all the vacancy. caused by ment of an interim dividend of Central Government,

the resignation of Bir Robert.

It is with regret that I have also to advise the resignation of Mr. Felix A. Joseph from the Con- bulting Committee. Mr. Joseph KUNMING, May 17 (Int) left for England early last month The report that Haiphong is to and to him likewise we tender become a free port, like Hongkong.our best thanks and all "Is said to be without foundation, wishes for the future..

Province's communications;

DUTY FREE GOODS

FOR CHINA

4.

good

transfer

$5 per share for that year, leaving

an amount of $1,924.826 to be carried forward.

The dividend from Cables In-

£50,000 and this accomplishment

for all investment trusts.

PROFIT FOR YEAR

The profit for the year is £1,- 203,671 which is only £5,000 lower than last year to which is added the balance of £199,000 brought forward from 1937:

UNREST AND UNCERTAINTY

There is little more to say and it is hardly necessary for me to

Your Directors have paid the dividend on the 5 per cent. cumu- point out the present difficulties. that attend marine" Insurance in absorbs £922,000 and they now lative preference stock which common with all other forms but it is reported that the French

of recommend the payment of a divi- OUTTURN FOR 1937

commerce In the Far colcntal authorities will permit the

East.derd, of four per cent, on the or Genuine trade cannot The outturn of the account for entrance of Chinese goods" duty 1937, though rather better than we

flourish under the existing conditions

dinary stock which requires £275,- free if they are, designated for

of 000 and leaves £205,000 to be car- unrest and uncertainty and I fear ried to 1939. This latter dividend China.

had at one time. anticipated, 15

we must anticipate Π Many goods

poor in comparison, with its IoT China

further is at the same rate as that paid pre-

drop in Income during the shipped via Indo-China for Yuri-decessors of recent years, the con-

cur-in respect of 1937, nan en route to the interior,tributing factor to this being the rent year. Still, we are carrying trouble our sterling along quietly. avoiding Under existing conditions. goods adverse result of to China via Haiphong are

sub-operations more particularly in and looking for the better times that will surely come. We face ject to French emport tariff and respect to London

the future with the knowledge agz.n Chinese duty.

The balance at credit of Work that we have a strong and solid Sind-French relations will be ing Account 1938, as at the 31st

Balance Sheet. further improved If this exemp- December last, "stood at $2.174.-

en-828 and though this sum is $188. tion is made to facilitate the trance of Chinese goods, It is pre-139 less than the carry forward tor 1937, at the same stage, we

dicted here.

THE

are

SERVICES

ROYAL NAVY

SENIOR OFFICERS' COURSE

of

year

I now propose the following resolution:That the report and. acconts, as presented, including the payment. of a final Dividend in respect. of, the year 1937 $8 per share and an Interim Di vidend in respect of the 1938 of $5 per share and the ad- dition of $281,782.43 to Under- writing Suspense. "Account. adopted and passed."

Mr. Ho Kom-tong seconded and the resolution was passed un animously,

OTHER BUSINESS

be

their essays This prize, which "com- memorates the late Lieutenant H. L. Caralake, RN, a pioneer naval obser- ver of the Ficet Air Arm, who was killed in an acroplane crash off Malta in 1926. is awarded annually to the naval observer who submits the best

Mr. D. V. Steavenson proposed essay on a subject set by the Ad- and Mr. M. W. Lo seconded the miralty and dealing with the work re-election of the Consulting Com- Among the students are Rear and development of the Fleet Air Admiral W. J. Whitworth, late Naval | Arm.

mittee. Secretary to the First Lord, who will afterwards assume

A new term at the Senior Officers Tactical Course, held at Portsmouth, opened retently and will last t July 21,

command of

the

Battle-Cruiser Squadron: and Cap

- of -- the-Wildfre

ment at Sheerness: J. W Dura-

Staff Omcer. Malta: E. G. N. Rush-

NAVAL APPOINTMENTS

Messrs. Matthews

White Label

OF GREAT ASE

Fin Dewar & Sons

Mr Howard Harding.

The Willows.

Telephey

were

Mp

Lowe, Bingham and and Messrs. Percy tains J. Piggins, from the command made by the Admiralty:-

The following appointmenta are Smith, Seth and Fleming

re-elected auditors, being-pro- dare training-catablish

Lt.Cdr.-J., Bostock, to Pembroke posed by Mr. J. H. Danby and ford, on his return from duty as Chief

ma | Oray 6).

Lt.Cdr. (E).-B. 8.

seconded by Mr. M. H. Lo, Magee, to

This concluded the business of China Station; and B. A. W. Warbur- RN.C. Dartmouth: F. W. Hale, to announced that dividend warrants Lts.-H. T. Harrel, to Britannia for the meeting, and the chairman ton-Lee, from the command of the Vernon: B. J. C. Wise, to Glorious Effingham and Chief of Staff, Reserve (day 8); v. C. Grenfell, to Victory

were ready: Pleet.

(May 3), and to Edinburgh (on commg); M. B. F. Franckiln, D. C. E Gibson, to Pembroke for No. 1 PT.8., Netheravon (May 8.

brooke. late

Captain on the star 8th May 5),

NEW ZEALAND SQUADRON HMS. Achillea, Captain W. E. Parry, has arrived at Auckland on her "return, to duty in the New Zealand Squadron after being recommissioned at Portsmouth. Her sistership the Lean- der, flying the broad pendant of Com. modore J.-W. Rivets-Camac, com manding the squadron, returned from a cruise to Australia.

Lt. (Retd.).-J. T. Pollock, to Tamar May 12).

LL (RNR)-A. A. Pettigrew enter- ed as Lt. (zeny. July 6, 1934), and appt. to Couragemus (May 1),

Lts. (ERO. Lockley, to Prince of Wales (May 12); V. E. H. Vanstone, to Bonaventure (May 5); R. M. Pal- mer, to Drake (May 11).

THE ARMY

NEW MAJOR-GENERALS The following appointment have been approved by the King

Brigadier T. O. G. Heywood, OBE.

as Divisional Commander, with the rank of major-general, with effect

COMMAND OF THE JAVELIN

Tel Lt. H. Rowsell; to Victory from July Commander A. F. Pugsley, from the Natal Equipment Department. Afor Sig. Sch. (April 11). miralty, will assortie command of the

Fleet

Commander, with the rank

Brigadier T

C. Newton, Major-General, General Staff, with effect from this month.

DIDY

Sub-Lts-G. F. Russell, R. W. Ben-Der P. a. Hyland, M.C., 26 destroyer Javelin, completing at the son-Dare, I B. Russell, G. R. Calling of major-general, with effect from Clydebank shipyard of John Brown ham, J. D. M. Briscoe, R. EL Jurdam, this month and Co. for service in the Hordezie, to Pembroke for No. 1.

J.L.

L. W. M. Allison, H. Muir-Macken- Netheravon

P.1.8.

[O.BE COMPLETION OF THE JERVIS

(May 8). Act. Sub-Lts. (A) E. David, L. L. The flotilla leader Jervis is now P. Lowe, A. 8. D. Macaulay, W. de G. Major-General Heywood has been ready for her acceptance trial at the Martin. J. E. H. Myers, E. Borge of the arilllery work at Hebburn shipyard of Hawthorn, Leslie pure. J. C. Thompson, M. F. 8. P. the Militia, in 1005 and has held

Bor Aldershot since 1936. He joined from and Co. She will be commissioned Willcocks. J. O, B. Young, J. P.

Olsen, by Captain P. J. Mack, Iste Naval At W. 8. Butterworth, A. 8. Campbell. to the Orient and Turkey, on the RA. posts. He was with the Mission tache in Bouth America, who will be F., F. Legh, W. Fedlow, D. F. Johnson, staff at Versailles, and with came Captain ) in command of one M. Baderi, to Pembroke for No. 1 Shanghai Defence Force. of the Home Fleet dotillas. Specialist FT8 Netheravon (May 8); T. 3. A officers already appointed to the Jer-King-Joyce, to Victory (May 3), and ing the 31st (North Midiand) AA vis include Engineer Commander 3, Ato Edinburgh (on commg.). Huddy, and Lieutenants V. D. Ravens- Mids (A)-B. H. St. A. H Hurleis Commandant of the School of A.A. Brigade; and Major-General Newton croft (anti-submarine), C. R. L. Argles Hobbs, C. J. E. Junes, R. M. M. Hees,

Defenc (torpedo), J. Cochrane (navigation), O. W. Tattersall, J.M. W Thom, D. F. and H. H. H. Mulleneux (gunnery), Wellings, J. 8. Bailey, R. E. Bartlett, M.-T. M. Brooke, J. C. Casey, P. A. H Harley, to Fembroke for. No. 1 PTA. Nethersvon: (May-8), «?

to

: LEIGH CARSLAKE PRIZE The Henry Leigh - Cardiske Prize for 1939-40 "hás, - béezi : - awarded Lieutenant J. E. Smallwood, RN, of HMB, Achilles, New Zealand Station, Lieutenant Coromander G. A. Rother- ham, of the ELN. Staff College, Lien- tenant J. C. B.. Boucher, of HMH Orion, and Lieutenant, H. J. C. Wiac, H18. Argtis, men commended for

Ca Engr G. H. Trend, to Escort May 5

the

Major-General Hyland is command-

ROYAL AIR FORCE

∙WING · COMMANDER DICK Wing

Commander, M. C. Dick,

Wh. Engr N. 9. H Marlin, to APC who has been second-in-com- Caledon (May 5).

mand of No. 1 Air Armament School since its transfer from Eastchurch to Manby last year, has been placed on Bub-LA. D. H. Milne-Home, to the retired list from May 1 because of rank of L. (any. April 16)

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Marina House, 3rd Floor, 15-19, Queen's Road Central.

|LAMMERTS' AUCTIONS

PUBLIC AUCTION.

¡HE Undersigned have received THE

Instructions

to sell by

PUBLIC AUCTION

од

FRIDAY, the 19th MAY, 1939

Commencing at 11 am.

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