1925-05-14 — Page 7

INSURANCE OUTLOOK.

LOCAL COMPANY MEETING.

That the insuranco position is still a difficult one was the opinion exprossed by Mr. B. D. F. Bolth at the annual müsting of the Canton Insurance Office, Limited, hold this morning,

Mr. B.D.F. Belth presided and thore wore also present Mr. | A. H. Compton, Mr. A. S. Gubbay, Mr. H. Humphreys, Mr." T. E. Poarce (consulting committee), Mr. F. C. Hall (Secretary), and Mosers. Chau Sai-kl, J. Arnold, Chos Po-min, F. M. Ellis, Lo Cheung-Shin, Lo Cheung-in, R. L. Bridgor, A. F. M. da Silva, Ho Loung, G, H. Piercay, A. J. Edgar, Ho Shai-kit and R. A Lastur (shareholders),

CHAIRMAN'S SPEECH. The Secretary having read the aotico covering the meeting.

The Chairman said: The statement of accounts for the year 1923, which we now prosent to you, has proved to be fairly satisfactory, the more so when the difficult times, through which we are now passing, are takon into consideration. The

surplus shown, of roughly one million and fifty thousand dollars, compares quite favourably with all previous cues and is, in fact, only surpassed by those for the years 1917, 1918, 1921 and 1922, all of which were considerably in excess of that amount. - Such years as the last four mentioned are I foar things of the past, as

THE HONGKONG TELEGRAPH. THURSDAY MAY 14, 1925.

THE LATE LORD MILNER,

This is a recent portrait of Viscount Milner, one of the greatest Imperialists of our times.. whose, death is an- nounced by Router.

AMOY WEDDING.

WELL-KNOWN CHINESE

WED.

far as can be seen at the moment last year and the sound position and your General Agents of our various roserves has been and Committee will be more than fully maintained, gratified if they can maintain tho

Tho surplus to be dealt with i presont leval until such time as $1,048,795.36, out of which ha an Improvement in conditions sete boen paid an interim dividend of in; it is obvious, however, that $18 per share. We now recom nothing can be hoped for till trade mand the payment of a fina The wedding of Mr Ting Tong itself revives. On every hand ono dividend of $22, the addition of (Eric Wong), third son of Mr and hears that business is dull, if noth- $200,000 to the Reinsurance Fund Mrs Uy Siu-liong; of Amoy, and ing worse, and it is only reason and the carrying of the balance Miss Yoan Ting, daughter of Mr. able to expoot that insurance Com- of $448,795.36 to. Underwriting and Mrs Yu Say, of Manila, was panies must share in the general Suspende Account to close the celebrated in the modern Chinese depression.

year 1023. The balance of fashion, at. Kulangau, Amoy, on Our premium income for the $1,907,039.33 at credit of 1924 Sunday last. At a dinner récep- year now under review is $2,981,- Account allows of the payment on hold subsequently, over, 687.43, or $321,737.38 less than of the usual interim dividend of three hundred guests assembled that for 1922, and in this respect $18 for that year.. I do not think to tender their best wishes to the we are almost back to a pre-war that there is anything else that newly married couple. Among level. As I said last year. calls for special roforonce, but I those present wero: Mr and Mrs promium of a kind is easily shall be pleased to answer, to Le Roy Webber, (Consul for obtained but the difficulty the host of my ability, any USA.), Mr and Mrs F. L. Bossol

Į

which

is to obtain premium of a remas-questions arising out of the (Rovenue Commissioner), Dr. and orative obaracter. Competition accounts is still most acute and reductions may wish

shareholders Mrs E. J. Strick, Mrs Hubbel, Mr to put, after the and Mrs F. H. Steelo, Mr. and in ratos follow one another at accounts themselves have been Mrs Bowman Mr and Mrs such close intervals that it is im-duly seconded. I now proposo Elliott, Mr and Mrs R. M. Worley, possible to foresee when we are to the following resolution "That Mrs Pepper, and Messrs Roy Teach rook bottom..

the report and accounts, as pre- Allgood, M. M. Bowen, J. W. Our reports from London are to sented, including the payment Vermullen, G. Strong, Oie Tjee, the offact that conditions are still of a final dividend in respect of Kotsui Liew (Commissioner of very difficult. The capacity of the year 1923 of $22 per share, Foreign Affairs), and many Chin- the insurance market there is and

ap interim dividend in esa officials. Mr Le Roy, Webber undoubtedly too great for the rospect of the year 1924 of $18 proposed the toast of the bride volume of business moving, with per share; the addition of $200,- and bridgroom, to which tho the result that in order to main-000 to Reinsurance Fund and lattor suitably replied. On behalf tain income rates are accepted $448,795.36 to Underwriting Sus of the guests, Mr Roy Allgood which are altogether out of keep penso Account be adopted and congratulated the happy couple Ing with the risks undertaken. I passed."

and their parents. Only a short while back we were

Owing to Mr. Chau Sui-ki seconded and the indisposition of the bride- advised of a quite unjustifiable the report and accounts were groom's father, Mr Uy Ting-yiu, out in the rata for a fleet adopted.

assisted by Mr, Webbar, acted as bost, and replied on behalf of his father.

of steamers, approximating 50%,

and

BUSINESS MATTERS.

A8 our Correspondents humourously put it, "meanwhile The re-election to the Consult the directors of the Steamshiping Committee of the Hon. Sir Company view the position with Paul Cnater, Sir Robert Ho Tung, profitable amusement. We, in Messrs. A H-Compton, A. S. Smith, Seth and Fleming wore re- the Far East, who are in personal Gubbay, H. Humphreys, T. E. elected auditors for the ensuing | touch with many of the insurance Pearce and H. P. White was pro-year on the proposition of Mr. Ho riske apportaining to this part of posed by Mr. J. Arnold, seconded Leung, seconded by Mr. R. A. the world, cannot but feel that by Mr A. H. M. da Silva, and car-Dastur. were underwriters to see some ofried. the risks for which they so

The Chairman announced that Moasrs. Lowe Bingham and dividend warrants wore ready and readily quote they would speedi-Matthews and Messrs. Percy could be had upon application.

ly recognise how totally in-

"adequate, as well as ill-advised, many of their quotations really

-01

by

are. The unsatisfactory porte recently published several of our oldest and most respected marine insurance Companies show only too plainly the trend of things and, at the moment, the outlook for the future cannot be considored as any too bright. It is to be hoped, however, that a pull will soon be taken and matters placed on a more satisfactory basis.

I

Losses for the year. 1923, were $36,447.78 more than those for

the year 1922, the ratio working out at 62.15 per cont, as against 55.99 per cont. for the previous account. Working Account for the year 1924, after 12 months'

"Picture to yourself your misery if, like the legendary King Tantalus, you were gripped with a perpetual hunger and thirst, whilst before you was spread a table laden with the most delicious foods and wines which you were quite unable to roach.

Many people are daily the prey to similar torture, for they aro never able adequately to satisfy Nature's craving for nourish mont

working, shows a slight increase because to do so menus that at once they will suffer the

TORMENTS OF INDIGESTION.

in

premium but a

decreaso

in balance of $213,884.30 as com pared with the year 1913. This Every meal, however small or simple, is followed by acuto abdominal decrease is mainly due to the pains, acidity, flatulence, bolching, heartburn, bilious headaches and exceptionally heavy losses sus other distressing symptoms. The victim to chronic dyspepsia lives a tained during the early months life of perpetual misory and gloom.

of last year, the total as at 31st: For over a third of a contury Dr. Williams' Pink Pills have boon. December 1924 exceeding that for world-renowned for their value as

1923, after the same period of ons

'TONIC REMEDY FOR DIGESTIVE TROUBLES,

year, by $188,GG0.79, This Ac-They quickly impart now strength to the stomach, promote the flow count has yet another twelve of the digestive fluids, stimulate the appetite, build up the whole months to run, however, and injaystom by their direst revitalizing action on the blood and nervos. If view of the way things have been you are a sufferer from indigestion or norvous dyspepsia give Dr. going from the end of last year Williams' Pink Pills a trial without delay; they will surely do you to date, we think we may anti-good. Of chemists everywhore, also direct and post free, $1.50 por "olpate all moderately satisfactory bottle, $8. for 6 bottles, from the Dr. Williams' Medicine Co., 60 outturn. Our assote expressed in Klangee Road, Shanghai. But remember nothing else is just as both sterling and local currency good as are approximately the same as

WILLIAMS PINK PILLS.

JEWELLERY

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LANE, CRAWFORD, LTD.

JEWELLERS AND SILVERSMITHS

Hongkong Hotel Building. Queen's Road,

HONGKONG,

DON'T RISK RUIN

The recent Fire on the Poak is yet another reminder that the devastating hand of fire may awoop down at any moment and snatch away your "possessions unloss you are adequately safeguarded. Especially on the Peak should precaution be taken, because should the demon Fire visit you, the inacos usability of your home prevents aid reaching you in time. You will not have cause to worry, however if you wisely install-

FOAMITE---FIREFOAM

Full Particulars from- THE UNITED.

ASBESTOS

ORIENTAL

AGENCY LTD. Queen's Bldgs. Tol. C. 236.

LET'S GO TO THE STAR!

"Renenved Health and Vigour

›anjait you at

HARROGATE

BRITAIN'S FAMOUS SPA

HARROGATE is one of England's Fashionable Centres, and, what is perhaps more important to people who have resided long years in tropical climates, the foremost Spa in the world, where every known Spa treatment is administered under the supervision of skilled doctors who specialise in tropical ailments,

The social amenities are of the highest order, the shops equal to Londosa

The Educational and Residential advantages are manifold, particu larly by the Public Official, Officer or Business Man about to retire, and te, the Parent looking for a good school for his children. Pullman and Fast Restaurant Car Trains daily from King's Cross Station, London A BOOKLET giving full particulars about Harrogate will be sent free on application to MESSUS, THOS, COOK & SON's offices, os F.1.C. BROOME, General Manager, The Royal Baths, Harrogate.

Hotel MAJESTIC Harrogate

Stimudiéén its own grounds of ten

ACT '23

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THE WORLD

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Telephone C. 3146. 2

Lrd

"Now that Summer has Come"

Now that the weathor has proved that Summer: has "definitely arrived", thoro comos, the necessity for lightor and brighter woar. The opportunity of the season is provided Powoll's. Hore you can ro plenish from the latest stook at prices which bear comparison.

What could be nicer for your Summer Frock than Cotton Volle, either ready made, or chosen from a range of up-to-date patterns in The Cotton Dress Material Department.

RAYMOND CONCRETE PILES.

10

REASONS

FOR

USING

"RAYMOND

CONCRETE

PILES.

REASON

No. 2.

(FOR REASON

No 3 SEE,.. TELEGRAPH NEXT WEEK)

THE SHELL, LEFT IN THE GROUND,

AND OPEN TO MOST RIGID INSPECTION, ENABLES YOU TO KNOW THAT. THE CONCRETE "WILL NOT BE MIXED WITH MUD, OR 17S. STRENGTH LOST THROUGH. WASHING AWAY OF CEMENT BY GROUND WATER,

THE

HONGKONG EXCAVATION, PILE DRIVING & CONSTRUCTION CO., LTD.

TEL. C. 3749,

2ND FLOOR, POWELL'S BUILDING,

GAS & LIGHTING

We carry large stocks,

of gas apparatus of

FOR

every description and invite you to inspect,

FOR

them at Lane, Craw-

<N IW<==ZU

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at our West Point

Show Roima"

HONGKONG AND CHINA GAS

COMPANY, LIMITED,

<U÷UOOX-ZU