1926-05-28 — Page 5

A

OF PARAMOUNT IMPORTANCE! PENDING OUR ARRANGEMENTS FOR THE OPEN- ING OF OUR

PROVISION DEPARTMENT

WE BEC TO INFORM THE PUBLIC THAT THE FOLLOWING GOODS CAN BE OBTAINED. FROM THE 1st. FLOOR, PEDDER BUILDING OPPOSITE HONGKONG HOTEL ENTRANCE-'".

DOM ...

Ch. Pontet Canét (1919 & 19181...

SPIRITS,

half btle, H.K. $ 2,40

RUM SAINT-JAMES......

PEPPERMINT GET ...

GRAND MARNIER (red) I

FRENCH VERMOUTH one

1.75 1.80 5.40 1.95

CHAMPAGNES & SPARKLING WINES.

«VVE CLICQUOT ..

... ono btle. HIK, S 5.80

VVE AMIOT ...

3,00

"DUC FAREMONT

DUC BAREMONT

half

9.70 1.70

WINES

SAINT EMILION *}..

one

bile. I.K. $ 1.45 2.25

1.75

1.50 1.50 1.60

1.75

1.95

1.70

1.75

1,60

1.85

1.50

1.85

4.80 1.40

litre

1.15

1.25

0.95

NUITS

ROMANEE

CLOS VOUGEOT.

BEAUNE.....

POMMARD

CORTON...

MERCUREY ...

CHAMBERTIN

CHABLIS

BARSAC...

HERES ORAVES ·

SAUTERNES.....

CHATEAU YQUEM

DUBONNET .....

Table wine.

Lantrille frud)...

OLIVE OIL...

"MUSHROOMS

„ESCULENT BOLETES

HEART. ARTICHOKE

KIDNEY BEANS

ASPARAGUS Graded

"

THE HONGKONG TELEGRAPH.

RIVAL AS AUDITOR"

A

FRIDAY, MAY 28 1926.

VISIT TO U.S.A.

Provident Fund Agreemonts. The Your General Manager visited position gentlemen not only re- the United States of Ainerien lustflects the greatest credit"upon, our year in connection with our fire staff, who have given devoted and. and general business there and unutinted service, but alad upon. during his visit considerable, re- our general manager Mr. Paul insurances were effected on the Laude for the extremely able automobile account.

manner. In which he has conducted the Society's business during period of unusual difficulty (Applause).

(Continued from Page 1). our issued capital has been incrans ed by 24,000 now shares, which were issued and allotted in accord- ance with the resolution passed at

The nett premium income for the Extraordinary General Meet the year hus, as I have already ing held on the 19th March 1926 pointed out, heen reduced in conse in respect of the exchange of quence of these re-insurances, but shares in connection with them pleased to be able to state amalgamation with The Yang-tsze that no final outcome for the year Insurance Association, Limited. showed that a considerable saving £1 per share a paid up on the had resulted from the ge Society's shares and our paid-up ments made. The Society's busi- capital has therefore been hicrens- ed by £96,000.

"The sterling equivalent of the Society's silver reserve of $3,000, 000 is £354,687. 10.0 as compared with £46,875 inst year, Exchange at the 31st December 1925 being taken at 2/4. 3/8 as compared with 2/3, 3/4 at the 31st December

1921.

ac-

The large, increase in our Re- insurance Fund which stands in our balance sheet at $2,118,070.12 10 is partly represented by the premium on the new shares issued. Our Investments have been taken at the market prices ruling on the 31st December last.

Turning to the working enants you will note that the Interest for the year 1924 amount. od £283,074, 18. 7 and the interest shown for the year 1926 amounts to £22,921. 18 G only. I would explain however that there still several additions to be made to the 1925 Interest such as divi- dends from affiliated companies, ctcetera.

AMERICA BUSINESS CURTAILED

are i

ness United States of Ameri-

tion.

15

During the year Mr. G. S. Arch- butt, who has had long service with the Society and its affiliated Company, the China Fire Insur ance Company Limited; was pro- moted to the position of Fire Mana-

ca is receiving dur élose considerner and we feel sure you will be pleased to louin of the appointment would refer with sorrow to the Before concluding my remarks I death of the late Mr. C. W. Dar-. bishing of the firm of Messrs. Paterson. Simons & Company, who was a Member of our London Com- mittee. The news of his death

Fire, and general business writ- ten by the Society and its affiliated Companies in other fields showed that the income was well maintain ed...

A recent lous of local interest was the Hongkong Hotel Fire which eurred on the 1st January

was received throughout the East, with deep regret.

A, and in connection therewith I would like to refer to the ex- I now propose the adoption of cellert assistance rendered by the report and acounts and when Majesty's Naval and Military this has been seconded I shall be Forces in supplementing the Fire glad to answer to the best of my Department af. Hongkong. (Apability any questions you may wish plause). It was with deep regret to ask that your Directors learned of the death of Able Scamin Bachelor, in the course of these operations.

SECONDER'S SPEECH.

Mr. G. M. Young,before second- ing, said:-It is with a particular" sense of personal sorrow that I as- sovinte myself with what has been said by Air. Plummer in reference to the great loss suffered by the community in the deaths of Sir Paul Chater and Mr. I'. H. Holyonk.

BOYCOTT DEPLOKED, We all deplore the boycott against British trade in Canton but 3 cannot bellove that the people of Kwangtung will continue to sub- it for any length of time to the illegal activities of a small section. of their community. This Society has had honourable and friendly Proceeding, he said

It is a interesarse with the Castenase for great pleasure to see so many fel- very many years, being first es-low shareholders present, and 'I tablished in their ancient city in feel sure that we are all delighted the year 1835, some years before at the report we have just listen- ongkong passed to the, British Ep. To produce such a ne Crown. 1924

balance sheet when the busines no in-between the traders neted with Ching-has been so In my opinion, gentlemen, there of the world--especially that con- o Canton and shose of this Colony harassed: denotes sound judgment

The premium income for the year 3925 as compared with the premium income of the previous year as at 21st leconther

has decreased by approximately 2200,000. This diminution in pre- Emium is primarily dud ta tartail-

ment of American Fire and Aund that the as well as we derison the part of our General Mana-

Įtanobije všimitníents, no

15

(white)

Rolland tred...

MINERAL

PERRIER WATER VICHY CELESTIN

WATER.

half, bile." H.K. $ 0.25.

ane

CANNED

GOODS.

one bile. H.K. S 135

tin

0.50 0.20

0,27

2,58

118

'GREEN' PEAS: A

0,10

SOUR KROUT A

DWARF KIDNEY DEANS

0,35

KIDNEY BEANS Daidat)

0.35

SARDINES los Dominadles?

(10

TUNNY-MISH.......

1.43

GOOSE-LIVERPIE

0.95

CARROTS Amicus).

CASSOULIT.....

0.75

-0.40

JUGGED HARE.....

0.68

SANDWICH CREAM

9.60

GREEN PEAS

0.7%

GOOSE-LIVER-PIE

0.37

years.

TRIBES PARAMONT

0.50

CAPER MORGANTI

flacon

0,40

0.63

kgr

fin

Pack

finer

1.82 1.00 0.18 0.18 3.67...

CELERY

MAGGI SAUCER

GRUYERE CHEESE..

EYSSEN CHEESE

MAČARONIA..

VERMICELLI ....

GALANTINE DE VOLAILLE

WE RECEIVE A FRESH SUPPLY OF THE BEST FRENCH CHEESES SAVOIE PETIT-GERVAIS, CAMEMBERT) FRESH BUTTER AND FRESH FRUITS

. BY EVERY MAIL.. ·

NOTIČE OUR BRANDS. AND. THEN COMPARE PRICES! · THE EUROPE-ASIA TRADING CO

19

NY CARLSBERG BEER.

THE FINEST DANISH BEER.

Price per dozen pints $3.00 duty paid.

Sole Distributors.

CALDBECK, MACGREGOR & Co., Ltd.

the resumption of peaceful business

gr and the managers at all the

latinship and the restablish cities where the Society is repré- ment of the of trute funditions.

NEW OFFICES.

You will be pleased to lean that the Shigapo.e offices were opened

Mies sa

sented.

NOTHING TO WORRY ABOUT. '. The increase of capital in con-

The itens of commission pas per the, nechunts also Shows a narked deerensy and this is simi larly explained by the curtail- ment of our American business,

The Jalance of the working ac-

ba Saturday the 28th September abction with the amalgamation mang for the year 1925 amonoling. Mr. J. Lonie. Manager, of, with the Yangtze Association, te C610,247, 15, 8 may be considereforming the opening ceremony by figures in the balance sheet, Boustend & Company, Lad., has justified itself, as proven eumatisfactory.

tur marine business has bein, This 'building is constructed of and in my opinion there is not conducted during 1925 under thero-concrete throughout, covers anything to worry about in the 5nie what difficult, conditions an area of 26.552 square feet and decreased premium income, for which have characterised this consists of 7. Agora elpepped our Chairman's remarks would ap- Plus of dusurance during recente most modern manner, Griis pear to denote that this has left

credit is due to Messrs. Swan & in increased, profit. MaeLafen, the architects. för de With regard to what has Sitning such a fine strpcture and been said about our long-standing to the United Enginears, who friendly intercourse with the Can- carried out the work of construc tonese, we doubtless all regret the tion to its present satisfactory present misunderstandings that completion.

have risen between us and look for Handsome offices have also been wurd to a revival of the friendship rected in Bond Street, Sydney, and a renewal of business. Australia. The building is a fine example of steel structure work In these days it is no use hiding and was exteted by Melses, Kellone's tight under a bushel, and the & Bigby ander the supervision of policy of expressing the Society's Messrs. Ernest A. Scott & Green business in fine substantial build-

DOWNWARD TENDENCY.

FORM ON PROPAGANADA,

The market is still large and 1h amount of business restricted with the result that competition is severe andrites in consejuence congiune, lo show a downward ten- alenest Anuther matter which Fatt ermes concern th. under writers, and which my predgees G in the eluir referred to last year, is the latroduction, largely as the result of competition, of Pisks of a nature altogether but ride the usual scope of marine insurance and for which in many enses' inadequate' rales are paid..

Individual marine lossèn of magnitude and total losses have been lëss # feature by many of the leading members. I feel confident that we can look than the many smaller, but of the community. The prosperity forward to a continued increase nevertheless serious losses which of the Society was proposed by in the results of the working of the often {+va}} public notice Mr. Dunlop. President of the Society, and I heartily endorse or agon fade from memory. Among Chamber of Commerce, supported everything that has been said by the latter I would mention the un- by Sir Alfred Mecks and others. the Chairman with reference to the usal number of serious fires in!

ubility and discrimination of the which valuable, cargoes have been) Turning again to the balance General Manager and staff in con-

sheet. I feel sure you will agree ducting the business.

involved.

chitects. It is faced wii Hawings such as have been opened at kesbary stone and brick and con- Singapore and Sydney is. I von- talos a basement, ground and eigut sure to say, one of the best formas upper floors. The official opening af propaganda aml advertisement ceremony took place on the 18th which can be made use of -(ap- November last and was attended plause)..

..."

FINE POSITION.

I am glad to say. However, that with me that we have reason to

I have much pleasure in second-

in some directions there are signs be proud of the fine positioning the report and accounts.

MR. ALVES SPEECH.

Y

Mr. J. M. Alves said:-Mr.

of underwriters themselves en- these figures indicate, and they deavouring, by co-operation, to will no doubt be viewed by you place the business on a profitable with the utmost satisfaction.- basis, particularly in the Hull mar (Applause). I am sure you will. ket, in which improvements have heartily approve our following the Chairman. I have listened to your been brought about which may usual custori of voting a bonus of speech with great, interest and later bear fruit.

15% on salaries to the credit of generally wish to support the the members of our staff holding statements made by Mr. Young in

(Continued on Page 12),

RECKLES AND HIS FRIENDS

A Chicken Would Be Belter, Oscar

ASAHI BEER

BREWED BY

が

DAI NIPPON BREWERY Co., Ltd

TOKYO JAPAN

Y

Specialla Brewed for Export.

Solé · Agents —

Mitsui Bussan Kaisha, Ltd. HONGKONG,

A Practical Gift to your Boy or Girl

`AN EDUCATIONAL ENDOWMENT

If you are interested in giving your Child

a sound education, ask about this Policy.

:

The earlier you effect the Policy, the lower the Premium. Plan your child's future

NOW

full particulars from LIFE ASSURANCE DEPARTMENT CHINA UNDERWRITERS, LTD. Telephone C.1122. St. George's Bldg.

FEMINA

1st. Floor China Building Opposite Hongkong Hotel JUST RECEIVED Fine Selection of

DRESSES, GOWN & HATS

The latest smart Parisienne models selected by our Paris Buyers.

THE RITZ

CATERDERS

F

Mepts at all hours from 8 a.m. to 12:00 midnight. Now serving

Special $1.00 Tiffins

Morning and Afternoon Teas. Good Assortment of Fancy Cakes.

Wedding and Christening Cakes to order. Only the best food and winos served.

Telephone:-C 2386.

NOWELL B. WHITE, Proprietor.

SCULPTURAL. SPECIALISTS.

in Italian Marble, Hongkong Granite etc, etc.

Statue Work, Busts etc. in Bronze and Marble,

""

MONUMENTAL SHOWROOM 216, Warichaï 'Road

C. E WARREN & CO. LTD.

CHINA BUILDING Opposite Queen's Theatro

13

Tel. C. 269

By Blosser

NESTLE'S

THE RIGHT ROAD TO HEALTH AND STRENGTH

TOGEM

The Natural Milk Food

WHAT'S ON OUR MIND,

OSCAR ?

OM. I'M.. JUST

THINKIN'-

JUST

THINKIN

"DUNKIN'

OF WHAT. E

·ON, I CAN'T

DECIDE WHETHER

"I WANNA BE A ELEPHONY OR

'A'LION!

WHY I SHOULD THINK YOU'D RATHER

BE A LION THAN AN " ELEPHANT!

I DON'T KNOW --- I TAJĀM Y'D LIKE 70 BEJA ELEPIKUNT WOULDN'T YOU? WOULDAIT

· YOU?

GOSH,NO! WHO WANTS A TOOTHACHE TWO FEET

-LONG ??

Page 5Page 6