1931-05-22 — Page 7

DIFFICULT YEAR

RECORDED. ·

CHINA UNDERWRITERS.

MEETING.

EFFECTS OF FINANCIAL DEPRESSION.

BUT PROGRESS MADE.

THE HONGKONG

FINE WORK FOR THE RECKLESS LORRY-

SERVICES.

SAILORS' AND SOLDIERS'

HOME REPORT.

APPEAL TO PUBLIC.

DRIVER.

VEHICLE MOUNTS PAVEMENT IN QUEEN'S ROAD.

PEDESTRIAN HURT.

TELEGRAPH, FRIDAY, MAY 22, 1931.

CRIMINAL BREACH

OF TRUST.

EUROPEAN SENTENCED TO FIVE MONTHS.

PENANG FRAUDS.

Penang. May 16. The splendid work being done by

One of the worst cases of negli the Salior's and Soldiers' Home gent driving of a motor vehicle

Thomas Cheshire Shafto, the on behalf of Service men is amply to have been brought to the notice former accountant with Messrs. lustrated in the annual report, of the police occurred in Queen's The activities of the various just issued, There is, however, load East on May 9 last when the Mansfield and Co., was yesterday departments of the China Under-great need of public sympathy and driver of a motor lorry, who was

sentenced to five months' imple writers, Ltd., were reviewed by monetary support. It is hoped speeding past another vehicle on

imprisonment Lay the District Mr. R. G. Shewan when presid- that generous financial support will the wrong side of the road, mount- ing at the annual meeting of enable the Committee to carry oned the pavement outside Welling- Judge, Mr. H. A. Forrer, for cri the company this morning. It unfettered a work of such vital ton Barracks and knocked down minal breach of trust in $2,860 be- was stated that the financial importance to the life of our Ser-several people who were walking tween Jan. 1, 1930 and depression in many countries It should be realised at the out-tinis having his arm fractured.

vice men.

will

on the footpath, one of the vie

1930.

Dec. 31,

RADIO BROADCAST

A EUROPEAN STUDIO CONCERT.

To-day's radio programme to bo broadcast by Z. B. W, on a wavelength of 365 metros:

6.00-7.00p.m. Chinese Programme, 7.00-9.00 p.m. European Pro- gramme of Columbia Records kindly supplied by Messrs. Anderson Music Co.

DX105.

7.00 pan. Stock Quotations. 7.02-7.20 p.m. Orchestra). Crown Diamonds-Overture (Auber).

Sir Dan Godfrey and the Bourne- mouth Municipal Orchestra. DX77. Musical Jig-Saw (Arr. Aston); Regal Cinema Orchestra. 7.20-7.47 p.m. Octots. Invitation to the Valse (Weber), Chant Sann Paroles (Tschaikowsky). J. H. Squire Celeste Octet. 9008. Liebestraum (Liszt), Nocturne in E Flat (Chopin).

J. H. Squire Celeste Octet. D142, Valso Caprice (Rubenstein). Perpetuum Mobile (Weber).

J, H, Squire Celeste Octet 9287. 8.00 pm. (Local Time, Weather Report, etc.).

7.27-8.18 p.m.

where the company operates set, says the report, that the naval The incident had a sequel be-

It was stated for the prosecution made it very diflicult to main-bonts, practically the lome's only fore Mr. Schofield at the Central that Shafto joined the firm In 1923 tain revenue and had led to a source of regular income, leave for Police Court this morning when and went on leave in 1927. They marked Increase in the sur- their northern cruise about April his Worship imposed an examplary now knew that before he went on cach year and they do not return to penalty and also recommended the leave he misappropriated the firm's renders of life policies, but, on

the Colony until October or No-auspension of the driver's licence money. Soon after Shafts came to the whole, this department had vember, allowing us unly five or for the period of one year. Penang his debt of $1,485 was made reasonable progress in a six months of the year when wo The defendant, Au Wong, a transferred to the Penang branch. somewhat difficult year.

can hope for any margin of profit licensed driver in the employ of Shafto repaid the loan by endora- there-Wong Lin-kee, owner of a Chevro-ing, his was a false entry as on our trading. IL

a bill show as paid on June fore be reallaed that for the re-let lorry, residing at 18, Tal Wong 30," mainder of the year we have to Street, was summoned for driving the money was not paid at all. In Fare losses, and sometimes kenvy the vehicle in a manner which was addition, private bills were en- Tesars, month by month..

La Bohema (Puccini) dangerous to the public in Queen's dorsed by Shafto and paid by the cashier from the firm's money. The accused always puid enough money into the bank to pay one ac- count-his club account-by che> que. At no time was an untry made in the firm's books to show that these payments had been made.

An increased volume of busi- ness was reported in the Marine Department, the Accident Fund was making satisfactory progress. and the net premiums in the Fire Increase, Department showed na but the claim rates huel been henvy.

Chaleman's Speech.

Chairman.

year

We have had to face a further Rond East at 6.25 p.m. on May 9 embarrassment during the

According to the facts of the case which has passed--the depression as detailed by Sergeant Brown, the in the value of the dollar. We defendant was travelling towards have probably passed through the east and so passing Wellington addressing year unparalleled in the history of Barracks he endeavoured to pass The shareholders, said:4entlemen Hongkong with regard to its cura moving car on the left. He ac- We have now the pleasure to lay remy, and this fact has played no celerated to a speed of 35 miles an before you sur report and the small part in depleting our nett hour, but failed to maintain con- accounts for the year emling 1st profit and has caused the Commit-ete control of the lorry, which December, 1930, and us these have tee of the Home to very seriously uninted the pavement. After tra- Deca in your hands for the re-face ways and means of providing velling along the footpath for quired period I will with your fund for dealing with any repeti-

tiona of much a contingency. take them ns read. As consent on the last occasion, we have con-

ested all alter figures to Hong kong dollars and all gold figures The to sterling at the parities. gold Agares have then been con- verted to Ilangkong dollars at the rate ruling o 31st December, 1930, namely $1- 1/1%. For the sake of continuity we have shown the figures brought forward nt last year's rate and an exchange adjustment.

lower

in the Life Department the Premium Income has increased from $602,058 to $815, 132, this Increase being mainly due to the effect of converting gold premiums to Hongkong dollars at the

exchange. rate of Expenses at $341,119 show an increase of $61,340 over the figure last year.

This increase is due to the increased value of the gold , expenses expressed in allver at the lower exchange rate, as the nctual expenses both in gold and silver currencies have decreased, having notwithstanding charged the Life Account with a larger proportion than in previous years of the executive and get Pxpenses of the Company distri butable between the Departments.

our

Taking the work of the Home during the few monthe the men are with us it can be safely said that we have had a very busy time. 30.033 men slept in the Home dur ing 1930 which is an increase

5.128 over

[

the previous year.

Further, we have had the custody of 43-45 parcels belonging to the naval Datronise the Home friends who

which shows a considerable increase on the previous year when 2,601 parcels were stored.

Books Fallsfied.

Against this, a large number of;

Shafto's salary and bonus cheques were paid to the cashier. All these dłatance of 335 fit, it. transactions meant that the natural returned 10 the roadway Fansh balance was short, and it be- again causing the car, which be

for necessary

Shafto to had been about to overtake,

falsify the books to escape detec- swerve suddenly to the right.

tion.

There were people walking on the pavemuat at the time and when the defendant's larry mounted the kerb, it knocked down several pedestrians, one man receiving a fractured arm.

His Worship:-It is quite the worst ease of reckless driving have ever come across,

Inspector Alexander-t is, it

came

In

That was done in two wayя. the first place Shafto had to send in a monthly statement to Singa- pore prepared by the cashier under his direction. In order to make the apparent cash balance smaller than what it should be, short pay- ments were put into the cash booki as having been paid on the last day

лот

Our beds have been booked night is quite the worst case we have of the month which. In fact, were after night and to prevent men

ing without sleeping ne from commodation a system of shake- downs has been introduced. The vaine of this provision is realised when one glances at the gures con- cerning the number used.

In 1929, 1.812 shakedowns were reupied whilst for the year under consideration 5,153 men occupied accommodation. It this form of

is obvious that there is need for the provision of more beds, which would

entuil m enlargement of the pro- mists, and this fret is already justi- fied by the continued patronage of our Service men, but it can only become a reality in as much as we receive the financial support of the general public of Hongkong to place us in a position to carry out this very urgent need.

Increase in Surrenders. Claims at $153,799 show a con- siderable increase over last year's light claim rate, but this is very

OTI the Company's share largely due to exchange and the ratio may be considered satisfac- capilað making a total of $4.00 per

made

the

ever had, your Worship.

pald unti the succeeding In reply to his Worship, Inspec-month. In the same way payments tor Alexander said the defendant actually received were not entered had one previous conviction for in the book until the succeeding negligent driving and was fined on month. May 1 last for driving an

Mr. T. E. Cunoghan, for the ac- wrong side of Barker Road, where cused, pleaded lengthily in mitga early collided with another tion, pointing out that the accused was a married man with two child- vehicle.

His Worship remarked, after ren in England. In the present consulting the Traffic Regulations, case there were monies due to him that he apparently had no power for leave and passage still in the to order the forfeiture of the de-hands of Messrs. Mansfield, and these would be deducted from the; fendant's licence.

Inspector Alexander said his total. The decused also intended. Worship had no power to forfeit sacrificing some ..N.E.. scrip so the licence but could recommend that the firm might not lose any- suspension.

His Worship imposed a fine of $10 with the alternative of two months hard labour in default and recommended that the defon- dant's licence be suspended for a period of one year,

thing.

Wife and Children.

tory. The Life Assurance Fund share paid up and this is shown /$5 by his Worship for driving a fact that his career is ruined and has increased from $101,575 to in the balance sheet as on 31st De- Wongneichung Rond. Mr. Bor-e future of his wife and children i

maintain

our

cember 1930.

Auditors Fres

$319,948.

The financial depression exist- ing in many of the countries where we operate has made it

The Company's auditors, Messrs. and very dificult to

Lowe Bingham & Matthews rovenue figures and has led to Messrs. Percy Smith Seth {k} marked increase in the surrender of policies, but, on the whole, the Department may be said to have made reasonable progress in somewhat dificuli year.

the

Fleming, have requested an in- crease in their fees for their audit for the current year to $1,250 each aon account of the increased volume

work and of their heavier of

to the fall in ex- penses owing

Their fees have remained change.

The net premiums ih Marine Department amounted to

CX-

ן

"In view, therefore," Mr. Conag- han concluded, "of his past ser- vices to the community in Malaya A. B. Anderson, IN.. was fined and his keen and intense work of social proganda; in view of the mator car without A licence in

the is In

I ask your Honour joupardy andi, licensee of the vehicle and to deal leniently with the accused." the Chinese driver, were both Mr. Hum, for the prosecution, fined a similar sum for allowing drew the attention of the Court to an unlicensed driver to drive the the fact that Shafto drew the usual half-yearly bonus and salary which In August, 1929, was $900, He had been instructed by the D.P.P. (o take a serious view of the case, capecially as Shafto was a Euro- pean employed in a reponsible position at an adequate salary.

His Honour auid it was embarras-

to the Supreme

car.

counts before you, but also to some

of the figures for the past two years in appreciation of the sound progress which has been made by the local innior Company in the

$346,414, considerable increase at $750 for each firm since the in-field of insurance.

year.

effect.

of

income had

have been sent

over the Agure of the previous corporation of the Company and I Gentlemen, the total business sing to try the case which might This is partly due to the hope that you will confirm the new done by the Company for the year Court. It might be regarded as a

gold converting remiums to silver at the low fees when the re-election of the 11928 as reflected in the net premiahint of what sort of sentence was received by all departments was desired, nemething in excess of the 1 regret to have to inform you just a little under $7 lakha, a gear Police Court but not in excess of rate of exchange and partly due auditors is proposed.

the premiu to the increased yolume of busi- of the resignation during the year after

the District Court. ne3s. While the Marine Insur-under review of two of the mem-risen to a few dollars below

He sentenced 'Shafto to five ance Fund has been increased bers of the Board of Directors. million, and in the accounts for months simple imprisonment. from $162,-106 to $275,001 Mr. C. P. Marcel tendered his re- 1930, which we are considering to. nothing has been carried to or signation owing to his having left day, net premia receipts are shown from profit and loss,

at $1,363,495. A steady progress the Colony and Mr. Taung Foo Net. premiums in the Fire In- owing to ill-health. Since the end has been recorded in all depart-Manager. Branch Managers and surance Department at

of the year Mr. H. R. Sturt, the menis, but the outstanding

staff generally. I beg to show an increase, but the claim Company's Manager and Secretary is the great expension in the Life the rate has been heavy so that in order was invited to join the Board in Department, the net premia of second the proposition put by you to set up a reserve for unexpired addition to his executive duties, which rose from $425,161 in 1928 to the meeting. risks of $55,713 it has been neves-and his re-election in accordance to $602,058 in

The report and accounts 1929, reaching sary to transfer $16,223 from pro- with the Articles of Association $835,431 in 1930 or a little short adopted. fit and loss,

will come before you in due of 100% Increase in two years.

$139,282

Accident Fund Progress.

course.

1

feature

Whilst a good deal of the improve- mont represents the tower rate of

Business Matters.

of our

were

were

Operatic Selections played by the New Queen's Hall Light Orchestra.

Mignon (Thomas)

9308. 9307.

L

Maduma Butterfly (Puccini) 9300. 8.18-9.00 p.m. Scotch Selections. Song-My Ain Woo Joose (Men,

Wilson and D. Munro),

Nini Rae (Contralto). G7074, Song-The Star o' Robbie Burna "(Thomson and Booth). Tom Kianiburgh (Bass). G8150. Band-Aldershot Searchlight Tattoo-

Entry of Pipe Band. 9110, Song-Annie Laurie, Song-Kathleen Mavourneen

Crawford and Crouch). Dame Clara Butt (Contralto). PB3. Chorus-Loch Lomond (Vaughnte

Williams)

4060.

Chorus-The Rond To The Isles (Kennedy and Fraser). Greenock Male Voice Choir. Band-The Gathering Of The Clans

(Williams).

The Regimental Band of H. M. Grenndler Guards, 4615. Vocal Duet-When Ye Gang Awa'

Jamie.

P. S. Richardson (Tenor) and Maggle Robertson (Contralto). G6571. Song Duel-Green Graw The Rashes,

O (Burns). Maggie Robertson (Contralto). GA571.

9.00-10.20 p.m. From The Studio, 1. Song.

2.

(a) Selected.

(b) Selected,

by The Busy Bees Quartette. Planoforte Solo. (a) Rosemary (Frank Bridge). (b) Valac Capricieuse (Frank

Bridge) by Mrs. Shand.

3. Songs.

4.

(a) Pipes of Pan are Calling

(Lionel Monektan). (b) Bird Songs at Eventido

(Eric Contes). by Mrs. L. Sharpham (Mezzo Soprano). Violla Solo.

(n) Romance from Concerto in

Minor (Wieniawski).

(b) Tempo di Minuetto

5. Songs,

(Pugnari-Kreisler). by Mr. Jose Matias.

(n) Ay Ay Ay (Percz Freire). (b) Ahnent (Glen Metcalf).

by Mr. G. d'Aquino (Baritone).

0. Songs,

7.

(K) Selected.

(b) Selected.

by The Busy Bees Quartette..

Pinnoforte Solo,

Grieg Sonata On. 7.

(a) Allegro Moderato.

(h) Alla Menuetto.

8. Songs.

by Mrs. Shane. (a) Sing, Joyous Bird

(Montague Phillips). (b) Bird of Love Divine

(Haydn Wood). by Mrs. L. Sharpham (Mezzo Soprano).

9. Violin Solo.

(a) Nannah ku Irog?

(Filipino Love Song) (Abelardo and Matins). (b) Londonderry Air (Irish

Melody) Transcribed by

(F. Kreisfer).

by Mr. Jose Matias. 10. Songs,

(a) Vorrel Morire (Tosti), (b) Henr you Calling Me

(Harford and Marshall). Mr. G. d'Aquino (Baritone). 10.26 pm. Mid-day Rugby Press News.

10.30 p.m. Close Down.

LOCAL ESTATES.

PROBATE AND LETTERS OF ADMINISTRATION, Yeung Tak-ching, alias Ng Yeung-sh!, alias Young Ching, married woman, late of No. 18,

On the proposition of Mr. A. L. Nga Tein Wai Road, Kowloon City, In conclusion I should like to

who died intestate at the Kwong Not premiums in the Accident place on record our appreciation conv dolini gold premia into Alves, second lan Caron Wah Hospital, on or about October Department amounted to $42,278 of the loyal co-operation of the local dollars, it is satisfactory to pan, Messrs. Allan Cameron, a considerable increase over the branch managers, secretaries and note that new business not only in The Tong and I. R. Stur figure of $21,507 last year. This staff. I have now the pleasure to the Life Department, but also in re-elected to the Board of Direc-100 Increase is accentuated by the propose the adoption of the report Marine Insurance, has contributed tors, and Mesars. Lawa, Bingham and Matthewa, and Messrs. Porcy effect of exchange but it is mainly and accounts for the year ending towards this excellent result.

Smith, Seth and Fleming were re- due to increased volume of business. 31st December 1930, and when

appointed auditors, at a fee of The Accident Fund has increased that has been seconded I shall be

$1,260 each, following the motion that pleased to answer any questions In 1928 the Company was still of Mr. J. F. Wright, Jr., second- from $14,913 to $27,120, so this Department is showing satis- that shareholders may wish to factory progress.

ask,

commitments on contracts for fo The Proft and Loss dobit balance

hus increased from 880,284 to $89,560.

Seconder's Speech.

in

Steady Progress.

a nezative position as to its ed by Mr. H. J. M. de Figueiredo. Lung Hing Lane,

insurance; excess expenditure apether directors

14, 1030, left local estate worth: $8,- 100. Letters of administration have been granted to her husband, Ng Sun-yuet, who la living at the Kowloon City address.

Hongkong estate which has been valued at $7,000 was left by U rice merchant, late of Chung-wo

Hol, Tol Shan District, who died at that Mr. R. G. Shewan presided, the place on January 16, 1981. Pro- present boing bate. of the will has been granted

Тве to his Bon,

U Chut-lai, temporarily living at No. 97, Wing Lok Street.

Lobters of administration to the Hin-jeung, who died intestate at San Francisco, California, on February 20,

1080 have boon de granted to the widow, Fong Shiu- Chan

shi, who is temporarily living at No. 21 Connaught Road Central. Local estate amounts to: $1,800.

peared in an account analogous to Mr. N. V. A. Croucher, in goodwill in the Life Establishment Decora. Allan Cameron. Li It will be seen from the balance seconding the adoption of the re- Account which has now disap- fong, H. R. Sturt, C. A, da Roza, shoot that the Exchange and invesport sold: Mr. Chairman and poared and has been replaced by Mok Ching-kong. A. A. R. Botelho. ment Fluctuation Account has been Gentlemen,-I take much pleasure a tangible and substantial reserve and E. R. Child Assistant estate of Fong Bam, alias Fong increased from $78,189 to $183,068, in seconding the propcent from in the Life Insurance Fund of Secretary). Shareholders at the It will also be observed that there the chair, namely the adoption of $319,048., Bir. Chairman, I would meeting were:--Mesera. N. V. A.

Shields; J. has been considerable increase in the report and accounts for the like. to compliment you and the Crouchar, A. La the Loans on

H. J. M. the Company's year ended 31st Decomber, 1980. Directors on the sound and stondly Wright, Jr policies

Alves, In so doing I crave the indulgence progress of the Company, and also, Figueiredo, A. L During the early part of Trat of the meeting to refer not only on behalf of the shareholders, to Nai-pan, L W. Shewan, and J. year a call of $1 per share was to the dgures contained in this so- join you in your appreciation of Coulthart.

WHITE TENNIS

SOCKS.

Made from superior quality white cotton in new ribbed designs, heavy enough to withstand the hard usage, smart in appearance and GUARANTEED UNSHRINKABLE,

These are not only an ideal sock for tennis wear but they are also a comfortable sock for Day Wear during the warmer months. All sizes. Price $1.50 per pair. Lees 10% Discount for Cash.

"VIYELLA" Socks and Golf Hose in White

and Khaki.

Wm. Powell, Ltd.

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

Canadian Club Whisky

NEW

YOU CAN BUY

CANADIAN

CLUB

IN

HONGKONG

JUSTLY FAMOUS

Obtainable from all Wine Merchants.

Sole Agents: THE CENTRAL TRADING COMPANY,

NEW

NEWLY OPENED MAJESTIC STORE

Juntion of Jordon and Nathan Roads.

244 Nathan Road, Kowloon. KOWLOON RESIDENTS

Why carry a Parcel to a Movie Show! Especially in the Summer, when all you have to do is to Ring us and we will have your Requirements, Delivered to you within 20 Minutes of call anywhere in Kowloon. DEALING IN

Ladies' and Gentlemen's

TOILET REQUISITES.

Patent Medicines, Perfumery, Unbreakable Records and the latest novelty-Your Own Photo printed on your silk Handkerchief, Etc.

MIN

Under the Personal Supervision of

N. STRADMOOR ·

Late of the Colonial Dispensary,

Tel. 58461.

Hours o a.m. to 0 p.m.

SAFEGUARD YOURSELF

AGAINST

NEW

FINANCIAL LOSS

THROUGH

ACCIDENT & SICKNESS

BY. A POLICY

WITH

CHINA UNDERWRITERS, LTD.

Hongkong Bank Building, da Des Voux Road Central, HONGKONG,