1931-03-26 — Page 7

13

INSURANCE HAS BAD YEAR.

EASY MONEY FALLACY EXPLODED.

BETTER PROSPECTS FOR

1930 ACCOUNT.

THE HONGKONG TELEGRAPH, THURSDAY, MARCH 26, 1931.

DISCARDED ARMY.

CUTLERY.

COOLIE NUISANCE

ON PEAK.

CASE AGAINST TWO CHINESE HOTEL RESIDENT PROSECUTES

DISMISSED.

At the Kowloon Magistracy, this morning, Mr. Hamilton discharged Chan Fuk and Lau Mau against whom respective charges of larceny and receiving In Fospect of cutlery from the Shamahaipo Military Camp had been proferred.

to the

DISTURBERS,

CEASELESS CLAMOUR.

A

TARIFF UNION PROTEST.

(Continued from Page 1.)

SPEEDWAY FOR TRAFFIC.

BIG CHANGES FOR OXFORD-STREET.

Sweeping changes in the control of traffic in Oxford-stroot and ronda running Into it, including the prohibition in certain cir- cumstances of. horse-drawn vehicles, are to be brought into operation some time after May 1.

in

The new regulations unnounced by the Ministry of Transport have accure both greater safely and a quicker flow been designed to of traffic in the thoroughfare. Germn Attitude.

Traffle control by light signals what Is known as the flexible Berlin, Mar. 26.

progressive system," will be In- the British Ambasador, the Chau-Marble Arch and St. Giles-circum Replying to representations by troduced in Oxford-street between cellor, Dr. Bruening, declared that so as to enable a continuous flow. Austro-German agreement of traffic to take place at a pre- the WAR within the meaning of the determined speed. Geneva Protoes and there were no reasons why the League of Nations should discuss the matter. will be signs and white te

The Austrian, and German and for pedestrians signals of the Governments, he added, have no "three-way" type and parallel

He had expressed a strong hope that before they proceeded further in the negotiation of the proposed Customs Union, an opportunity would be given to the Council of the Lungue of Nations, under Mr. Frank Austin appeared be whose auspices the Protocol of fore Mr. Schofield at the Central 1922 was negotiated, to assure The case had been partly heard Police Court this morning in pro itself at ila May meeting that the before, and this morning the quar-readings against two chair-coolies proposals were not contrary to the HONGKONG FIRES.

termaster of the Camp gave evid who were charged with making a ence to the effect that the sweeping nolae calculated to disturb or in-engagements given by Austria in

that instrument. public tranquility The fallacy that insurance is arrangements in the Camp were terfere with

Chinese constuble, easy money under any circum-all under his control. The first de between 6 p.m. and i am.

was exploded by the fendant was one of the sweepers, stances

and had

at the Sun Wuievidence, said he proceeded to the had been away Hon. Mr. J. J. Paterson in the Cans from January until March Station 1 response to the receipt chair stand at the Upper Tram course of his speech when presid-14 when he had returned to

and ing at the annual shareholders Shamshuipe Camp The

The sweepers of a telephone message, meeting of the Hongkong Fire elected all the rubbish from the caught the two defendants about Insurance Co., Ltd., to-day when Camp and took it to the incinerator ing, "Lai, lai!"

Air. Austin said at about one or he pointed out that the margin where it was sorted out. of profit made by the Company clat instructions had been issued 10 this morning he telephoned to during 1929 was not three per with regard to the taking away of Mount Gough Station, and he knives and forks found in the rub thought his message was taken cent. He stated that 1929 would damp. These articles were down by the Bergeant in charge. be remembered as the worst, year in the history of present-day in-naually thrown aside when rusty "I told him that the coolies on the reason to fear on examination of "white lines across the road at

s the men, and there was no abjeeper Tram Station were making great deal of noise, and naked if anything could be done to stop A more hopeful noto was struck on to their being taken away.

them by the references to the 1930 Ae-1-

Mr. Austen added:-"My wife count, the credit balance showing

and I live at the Peak Hotel on the an increase of more than half a

top floor, very nearly opposite to million dollars over 1929,

Shareholders were warned that

the coolies quarters in the main the continuance of the exchange

bulking facing the Station.

surance.

Nn H

to increase the definitive dividend beyond a figure that could be main taled with comfort out of interest alone, even should exchange return

Parallel White Lines. For the guidance of traffic there

the legal aspect of the agreement, points controlled by the signals. but the German Gägernment ines) The Minister, it is announced, not consider that an examination proposes to make regulations not from the politieal viewpoint is earlier than May in regard to traffic in Oxford-street and neigh- admissible as the agreement

bouring thoroughfares with a view purely cennomie,

the

Dr. Bruening tated that

agreement gotiations for the

bonus will be togendent entirely on to a level of 2/1, here the surges bad complained twice before to the would take seine months to con-] the future doctuations of exchange, ton of ag "Exchange" bonity, They Mount tinngh Police Station aboleiude ewing to the technical de

Chairman's Speech.

Addressing the

by

shouting."

Mr. Austin alinded to the very late hour at which trans are nOW being run, remarking that a great many people had to get up on ac- count of the noise eccasioned by these colles, After 3 am.. said, it was not way to drop of to sleep again.

tails to be settled,

Restricting waiting vehicles. Prohibiting slow-moving traße in certain circumstances,

Prohibiting turning

street.

the

in

round

Converting certain streets into "one-way streets, and

no

Austria's Reply. To Britain..

Eliminating right-hand turns at Vienna, Mar. 26, certain road junctions. Herr Schober, replying to ro

During

the prescribed houra (12 presentations by the British noon and 7 p.m. on all week days Ambassador, declared that the except Saturdays and 12 noon and Austrian Government considers 3 p.m. on Saturdays)

horge- the agreement to fall entirely drawn or handdrawn vehicle or within the framework of

the any vehicle limited to a speed of Genova Protoral of 1922. The eight miles per hour will be allow- Austrian Government, therefore areas if it could get to its destina- dnes not object to the signatories tion otherwise.

Eu

he

Įteust, however, that shareholders the noise, and 1 understand that

will take full eognizance of the note they did their very

best to stop wherein the naige, These appearing in the report shareholders, it is stated that the continuance of make a much noise day and night that it is very troublesome to poor the Chairman said: Gentlemeu. Į the "Bonus," in the whole or

It is The report and areounte having part, will depend entirely on the ple living in that quarter.

of exchanESTAS. worse at night, especially say after now been in your handa for some fature fluctuations

We are hopeful that what has been 13 oeloek. Whenever, a krum comes your per days, I propose, with mission, to follow the mal cas done will meet with the approval of up, there is always a great deal of tom of taking them as read Theshureholders,

All the Reserves are in a highly result of mir operations for the f

as wil be year 1929, now under review, has sutisfactory condition

of the been lean indeed, with n margin een

a comparison sheet with That For of profit of under 357; this, how-balance

1929. year

The Assets. RA fever, will not find you unprepared | the

as It was predicted in my pre- expressed in sterling, show a fall of sumie £48,000, which was only to decessor's speech of last year and, when we view the reports of many be expected, whereas in local cur- other Commnies covering the rency the increase shown is one of period, we may consider ver three million dollars. It may interest shareholders to know that ourselves furtunate

Wo the Company's huldings in gold Baished up with anything at alleenrities, which are almost entirely the right side of the book gilt-edged, as on the 21st Doremier The year in question will long be1930 were valued at over £300,000- renwnbered us one of the worst in It is proposed to raise the audi- the history of present-day "Fire" tors' fees from $1,000 to $1,250 insurance and it is a gond one to for each firm and you will, I hope, leave behind us.

confirm this when the proposal for The re-election of auditors comes before the meeting. I trust also that you will approve of the usual

their bonus of 15 per cent. salaries being granted to the stuff. Fullncy Exploded.

4142434

(1)

that

on

- Exchange Effects. As with everything in Hong- kong, in these days, exchange has featured largely in our accounts and the rate of 1/1%, at which they are presented to you has had

very marked effect both oni I do not think there is anything balances and premium income;] further in the' accounts that calls Condi- the latter as shown at $2.260,711,5!| for special mention by me. is no less than 15,526.18 more tions are as difficult with us in these

1028 the year

days as with every other branch of though the fall in the sterling commerce: some people are wont value of the dollar has contributed to view insurance na easy under any very largely to this increase. I am instances. In that fallacy is hardly corroborated by the ratio of glad to be able to infurm

JOB

profit of 2.78 per cent, that we now that our income from both

gold and silver sources has been well disclose for the year 1929,

After the resolution. which I am depression and the acute competi- now about to propose. has been duly tion now prevailing, the latter the seconded, I shall be pleased to ans- more so in respect to your Con-wer, to the best of my ability, any pany's particular branch of insur-questions which shareholders may

wish to nak.

than for

maintained in spite of commercin!

ance.

The ratio of losses is appreci 1 now propose the following resu ally higher at 59.162 as com-lutions: "That the Report and Ac- pared with 43.53% for 1928, while counts, as presented, including the that for charges in somewhat less payment of a Dividend of $50 and at 38.06% as against 39.355. An of an "Exchange" Donus of $10, klition of the percentages of making in all $60 per share, the losses and charges, ut 97,29, leaves tranfer of £6,211.10.7$113,587.77 us with a figure of profit of but to the credit of Reinsurance Fund, 2.78%, which fa mengra enough as and the payment to the Staff of 15 I think you will agree.

per cent. upon their salaries, he adopted and pussed".

Congratulations.

The 1930 Figures.

The balance at eredit of the

trant

con-

ed in the streets in the scheduled

the Protocol examining the legal site of the agreement, hat in view of its economic character. | | there could be no examination from polilient standpoint.... |Renter and British Wireless.

Like Devils or Wolves, The noise was just as mach in

day-time. "I continued Mr. Austin, that my

so happens," wife has been sick since Saturday, FOUR and she tells me that the naine has been just as bad during the day as at night-time. These coalles like devils possessed, especially when tourists come up to the Peak. They did not come out of the Sta- tion in order-they gather round them like devils or wolves.

are

I have lived at the Peak Hotel for some years at odd times, and this noise has been going on for a long time, but I think it has never been so bad as lately."

The Magistrate fined defendants $5 each. His Worship said: "This sort of noise has got to stop, The next offenders who are brought up here and convicted will be fined There is no reason very heavily for all this noise."

His Worship suggested to In- spector S. Loan that a constable should be kept on duty at the Sta- tion to say that the coolies came out in order.

LANG SAVES SCULLIN GOVERNMENT.

STRANGE SITUATION IN AUSTRALIA.

Canberra, Mar. 25. The followers of Mr. Lang. the extremist Labour Premier of New South Wales, again saved the Commonwealth Government from defeat to-day when the Theodore Fiduciary Notes Bill gained

COUNTRIES IN ONE DAY.

AIRMAN'S AMBITION.

Mr. U.

E. Lewis, well-known as a racing motorist, secured s

double success recently in other forms of sporting activity.

NEW OUSTRIC TROUBLE.

REVIVAL OF HEARST SCANDAL.

Paris, Feb. 20. The Commission of Inquiry Into the Oustric scandals bas received a long statement from M. de Noblet d'Anglure, the 'official of the Press Bureau at the Quai d'Orsay, who was relieved of his functions as the result Horan-Hearst affair

of the

M. de Noblet declares that he was made a scapegont to conceal In the morning he won a Moth the malpractices of certain among aeroplane in a 10s sweepstake his superiors, in whose interest and then he joined Mr. C. A. moreovet force from him a false the police attempted, he Willamott and won the greensome alleges, competition of tho Middlesex confession that the copy of the document published ennic from his Golfing Alliance at Hadley Wood.

Lewis is an enthusiastic air department.

The name of M. Rauol Peret, man; and, inspired by winning a

formerly Aloth, he means to attempt some-

BGW inlogy of Justice and by the Commia- thing which he had long contem- sion of Inquiry to be tried for cor- plated-to play golf in England, rupt practices, occurs in the course Scotland,, Ireland, and Wales

in of the statement. one day.

The document, it will be re- Heitly obtained One day in the summer he pro-membered, was

Paris poses to start at Harlach, inby Mr. Horan, who was Wales, at about five o'clock in the Correspondent for a Hearst agency, morning. Having played a round and published by him with the there he will fly

object of torpedoing the embryo to Hoylake, Anglo-French Cheshire, for his second round, which he was successful. For this naval agreement, In and thence to Stranraer, in Scotr. Haran was-forced to fly from land. After the third round he will complete the day with a flight France, and later Mr. Hearst, who to one of the Belfast courses,

came here on a vialt, was expelled the country by order of M. Tardieu Mr. Lewis has been organising then Minister of the Interior.

The Bunque

que de France

haa party of golfers who own arcfitsed to sup

to supply the Oustrie Com- planes for a fight to the Prince's! links, at Sandwich, Keat, the mission with information asked of scheme being to land on the course it on the ground that it is a private institution and responsible to its and hold a competition.

shareholders.

Precedents are being examined of the Commission, other on behalf which maintains that on analogous accusions the banks have supplied information. The Com- mission may not improbably re- new its demand.

makes for a day crowded with i

DEATH OF MR. F. ASLETT.

He confesses that piloting on Working Account for 1990, after Mr. K. Stuart Smith; in second-second reading by the narrow arcoplane is not always a good twelve months. in $769.996.61 using the adoption of the report and margin of five votes, thirty-four preparation for a round of golf, compared with 11.112.36 for accounts, said Mr. Chairman, Koting in favour and twenty-nine but declares that the dual role

against 1929. at the same stage, an Before seconding the report and

The increase of $258,891.25 and this I accounts, I should like to

minority included Mr. Fen-joy. who acted as Labour Prime you will view as satisfac-gratulate the administration on

on ton.

Scullin's tory; 1 might mention also that the extraordinary fine, showing Minister during Mr. its $67.131.60 in excess of any made through a very difficult time. Imperial Conference.

absence in London For the Brst twelve month balance of

ance of The balance sheet itself in a Built-

Air. Fenton has withdrawn his previous years. It would be pre- clent tribute to the ability and mature on my part to hazard any foresight of all, and I have very support from the Government in sort of opinion as to the final out- much pleasure in seconding the consequence of resentment at the return of Mr. Theodore to the Lurn of this Account but, grunted | report and accounts as presented.

Cabinet. Reuter: that nothing unusually disastrous The resolution was carried an- occurs before the 31st December animously. next, we have every reason to look for a final showing that will bear Carourable comparison with the more prosperous, of its fore:

Business Matters.

On the proposition of Mr. Lo Cheung-ahui, seconded by Mr. J. P. Sherry, the following were ro- The surplus to be dealt with at elected to

form the Consulting this meeting is $593,587.77. the Committee-Sir Robert Ho Tong,

runners.

and A. II. White,

PASSES AWAY IN THE OLD COUNTRY.

|SIEGE WITH A HOME-| MADE CANNON.

IN BERLIN STREET, ·

Berlin, Feb, 19. Brown, A. IL A little old man of eccentric ap-

non through the atroots to a square on

LEAGUE FOOTBALL. ARGYLLS v. THE ROYAL ARTILLERY.

RAINCOATS

and UMBRELLAS.

...

We have received a new stock of Raincoats that are Guaranteed Waterproof,

Made expressly for us in Shades of Grey, Fawn and Navy in three different lengths, which enable us to fit the shortest or tallest figures,

Stocked in all sizes from 28′ to 48′′ chest with or without a belt.

Prices range from $19.75. Less 10% Discount for Cash,

Wm. Powell, Ltd.

The Gunners arrived

on the Chatham Road kround without Walker, Acir Dutaido loft, and Widespread regret will be felt throughout the match played ten at the death of Mr. Francis Aslett, men only. The result was a win for until recently a Sanitary Inspector the Argylls by three clear goals. The in the service of the Hongkong Argylls took up the attack from the Government, who passed away in kick or but the Gunners defence was sound, Comby in goal saving soveral London on February 27th.

shots. With four forwards the. Gun-

balance of Account for 1929, and Messera. C. Bernard E. Pearcepearance dragged a home-made can- 52 years of age, left, the Colony scored the only goal of the first half. The late Mr. Aslett, who was nere attack was weak and the Argylls defence had an easy time. Lamont We recommend the payment of a Compton. L. Dunbar, dividend at the increased figure of

With the wind in their favour the retirement in August last, $50 and of an "Exchango" bonus of The auditors, Mossra, Lowe, near Kurfurstendaman here to-day having been operated on for Argylls had plenty of shooting prac $10. making in all $60 per share Bingham and Matthews, and brought it into position and opened appendicitis just before his de tice but falled owing to wild shooting which will absorb $490,000, and the Mesara. Percy Smith, Seth and rapid fire on the surrounding transfer of the balance of $115,- Fleming were re-appointed on, the houses. Passers-by fled in torparture. No details are to hand and offside play. Comby was penalis- ed for carrying but the Gunners regarding the cause of death. 637.770,221.16.7, at exchange motion of Mr.

until

managed to get the ball away from the police Intervened in this 1/1, to Reinsurance Fund.

seconded by Mr. M. H. Lenson,

private civil war.

Deceased Joined the Government the free kick. A breakaway by the Han. Mr. J. J. Paterson The gunnor meekly surrendered, service in 1010 as Head Guard of Gunners right gave Allen a chance

to draw level but a fast shot' just; prosided-

and was supported by

he both and his cannon were the Kowloon-Canton Railway, be cleared the upright. Tho Argylla re- In making these recommenda- Mesars.

Bernard Brown, L. ignominiously dragged to the police coniing Traffic Inspector in 1912. turned to the attack and Ashlay fall. tions, your General Managers and Dunbar, T. E. Pearce, A. H. White station, to the chagrin of a host of In 1917, he joined the Sanitary ing to clear a pass from Christo let Consulting Committee have felt (Consulting Committed) and Mr. small boys who were pondering the Department Nđ Second-Class in Lamont and he gave Comby re that it is only reasonable that C. Hall (Sucratary), while the question: "How can shareholders should participate in shareholders

present

08- No one took any notice of the old interest that has resulted from the mund, K. Stuart Smith, P. follow while he was calmly pulling He leaves a widow, a sister of the very considemble accretion of Massrs. C. S. Reedlot were: un like this 7" make Inspector, attaining First-Class chance with a hander, Company's gold securities, owing to Sherry, Lo Cheung-ahul, M. H. Lo, the gun through the streats. The Mr. Osborne, of the Post Office; the present low exchange; they do D.V. Stevenson, Ho Loung, J. H. condition of his mind is to be ex as well as three children, for whom not consider it advisable, however, Seth and 8 11 Ross.

Bonus Dependent on Exchange.

themiluminedäm

rank in 1027..

Almost from the contre kick the ball was again in the net.. McTavish pushed the ball out to the right end Christie dropped over for Lamont to

relick, with

fast

cross hot with Comey at the other the deepest sympathy will be felt. vide of the goals anger.

Specialists in Gentlemen's Wear.. 10, Ice House Street.

ARTS & CRAFTS

FOR MODERN STYLE

INTERIOR DECORATIONS IN

ORNAMENTAL PLASTER,

DECORATIVE GLASS,

ELECTRO-PLATED CAST

& WROUGHT METALS.

Designs & Estimates Free:

SHOWROOMS:

4▲, DES VOEUX ROAD, CFNTBAL. TELEPHONE 24178,

CHINA UNDERWRITERS, LTD.

Invest your surplus silver

Phone: 28121

in

Life Assurance.

HONGKONG BANK BUILDING,

100% DEPENDABLE!

PROBAK

REGISTERED

TRADE MARK

MADE IN

ENGLAND

ENJOY YOUR SHAVE TO-MORROW

For all Safety Razors of the "WAFER" Blade type, excepting thorooont new type Gillotto.

·Made by

The AUTO-STROP SAFETY RAZO Co.,Ltd —London.

Bold THE PHARMACY