1932-05-19 — Page 19

7

INSURANCE CO. MEETING

CANTON OFFICE GOOD REPORT

FUTURE HOPES

"It is with considerable plansure

as

5137

BUY BRITISH!

EMPIRE TRADE: MOVEMENT

GRATIFYING RISE

London, 18. May. Returns published by the Board

1024.

showed

D1

THE

HONGKONG

UNDERWRITERS” MEETING

SATISFACTORY YEAR REPORTED

TELEGRAPH THURSDAY, MAY 19, 1932.

gen.

THIEF'S FATAL JUMP

60-FEET FALL FROM

VERANDAH

RADIO BROADCAST

CHINESE CONCERT FROM THE STUDIO

358

Chased by one of the inaintes of the house, a thief who had gained entrance to No. 356, Hennessy

By Z. B. W. on a warelonsib pk Rond, top Boer, at about 4 o'clock

(848 K.C.). this morning, jumped over the meires.

6-8 p.m. European Programme of distance ก

| Victor and H.M.V. Records, verandah and fell of about sixty feet, receiving very aavere injuries, from which he Three Consered list Buite (De Falls) aubsequently succumbed,

ANNUAL MEETING

Presiding at the annual that your General Agents and Con-of Trade to-day revent that the pro-eral meeting of Chins Underwrit. sulting Committee are able to pre- portion of imports from British era, Ltd., this morning, Mr. R. G. sent to you what they feel must countries in the January-March Shawan was able to report that 11 marked although there had been decreasPS

New Light Bymphony Orchestra can-

ducted by Dr. Malcolm Bargent be viewed as a highly satisfactory quarter

increase as compared with the cor- under several headings, the Ac- The premises are occupied by

2721/2122. report and accounts, allowing,

6.14.6.40 p.m. responding periods of 1931 and efdent Department showed a con-M? M. Rumfahn, and hla

A Concert. Alderable Increase and revealed family. At about 4 o'clock, one lane Solo-Capriceto (Berlatt). British countries also took a satisfactory progress. of

of the members of the family was

Piano Bolo-Berenade for this Doll (Debunar) slightly

larger proportion

Vladimir Horowits 1163. The Company had experienced awakened by the presence of a long-Orpheve with 1 Lute (Galliven). United Kingdom exports than last

some depreciation in book values, thief, and raised an outery. It Bog The Wren (Uenedict)

Mayla Benneti (Soprano) 12J62. vestments had nearly equalled this were about four men in the Orxan Solo-A Brown Bird Binging leydn depreciation, the Company had building, three of them being in share than in 1924.

Reginald Foort been able to write down its securian adjoining vacant flat. The in- Hong-ird Bongs at Eventide (Conte). ties without seriously drawing on truder tried to steal a coat and Song-Little Tady of the Moun (Conles) the Exchange and

Sydner Caltham (Tenor) 112142. Fluctuation, some other clothing, but was Violin Salo-Love's Garden of Rose (Haydn

chased, and when he found escape

Renee Chemat 1329, Account

Addressing shareholders, the impossible he discarded the cont Chairman said: Gentlemen,-We, and jumped over the verandah. have now the pleasure to lay be-

The inmates, now thoroughly fore you our report and the ne

they do, not only of the distribution of the usual dividend and "exchange" bonus of $6, but very substantial appropriations to Hon. Mr J. J. reserve." said the meeting of the Canton Insurance Office, Limited, held in the office of Mesars. Jardine, Matheson Co., Ltd., this morning.

Paterson. addressing the annual Fear and a considerably' greater hut as the realised profits on in- was then discovered that thore Organ Solo-Rehen Rosmarin (Kreisler),

During the first quarter of the current year 34.34% of the United Kingdom Imports were consigned In the Continuing, Mr. Paterson said: from British countrica. The vagaries of exchange continue 11 and 1824 the proportions were 30.13% and 30.60% respectively. of the to make any comparison

In the same period, 43.83% of figures with those of former years almost worthless and the only true nited Kingdom exports, against estimates to be deduced are from 13.01 in the first quarter of last the English currency figures shown year and against 40.94 in the cor- counts for the year ending 31st aroused, proceeded to the ground

after all, by far the sirenter part absorbed by British countries.been in your hands for the requir¡ heap.

of the company's business is transacted.

British Wireless,

ROW

MORE TRADE MARK PROSECUTIONS.

at

SOME COMPARISONS Take as an Instance our dividemi and bonus of last year as compared with these we Now recommend. Then we paid away 3600,000 1/1% equalling £32,8 B-10-6, where as our present recommendation to is equal- pay $550,000, at 1/54 valent to £39,631-5-0.

Again, though the balance of 1929 work-

ing Account, after payment of the

interitu dividend; was $61,991,91 more than that for 1930 at the same stage, in English currency It was

£16.479-13-9 less; this last demon atrating very clearly that 1930 was much the Biore profitable year of

the two.

To

continue

the serutiny

of

IL

these two accounts, it will be seen that premium income sho shrinkage, as expressed in local cur- rency, of no less than $1,669,3-13.82,

to

Wood)

W

112664.

7 p.m. (Stock Quotations, Mal] Notice, etc).

8.49-7.25 pm, Varlety.

Jamorous Song-A Servant Girl

With Wynne. 132482.

Jesse Crawford 82870,

02080

A tie and collar, which, Grann Sole-Caban. Love Song been stolen, ed period I will, with your con-had

were found one Rongils It Beltish? sent, take them as rond.

on him. The ambulance was Humorous Bang-I Think of You

Norman Leng the In the accounts, silver curren- Immediately sent for and

Humorous Rong-I've Got "IL" the Humorous Song-My Man is on the Make cies have been converted to Hong injured man removed

Helen Kane 22478. and gold dollars, Government Civil Hospital, where Organ Boto-Call me Darilng kong dollars pesos and guilters and other gold, he expired some time later.

Jews Crawford 22001. Bong-My Lucky Star. standard currencies to sterling at

The thief gained entrance to Pang-You Wouldn't Food Mr. Would You? the current monthly rates for re- the flat, by scaling the

Jarry halon (Baritone) 13210. wall: venue purposes and at the market separating two flats. His com-

7.25-7.42 p.m. on 31st December for panions made their escape. balance sheet purposes Rupees) Following the prosecution of two and Straits dollar have been con- emmpradores at Wanchai nome weekeverted to sterling throughout at age, for selling soap on which had the parition. For the purposes of

|

beet

SHOP-KEEPERS FINED AT

KOWLOON

rates

$1170.

Giflert and Sullivans Bolectiona played by the as of 11.M. Culdstream Quarts.

Tenten of Pence Jolanthr

The interrer,

Trial by Jury

ВЕННЯ.

DIAGR.

01495.

7.42-8 p.m. Negro Spirituals,

Mammy is Gone (le Bylyn, Benwa and Hen-

deren)

Pro Rubein (Enta) Hall De Crown (arr. Robinson), Exhortation (Cook)

been applied marks remumbling the showing the necounts" in Hong-erense not only in amount, but registered trade marks of the well-kong dollars the sterling figures more particularly by comparison tigh Water Mellady and Brennnn), known "Palmolive" brand, two Chinese

income. In Hongkong view of the fact that last year we hop-keepers were smened before arrived at as above have been con- with the premium Mr. Fraser at the Kowloon Magistracyverted at the rate of

had to transfer $16,223 from the yesterday for the same offence.

The difference between the ex-Profit and Loss Account to make Mr. G. S. Hugh-Jones appeared on behalf of Mr. Lam Chan-kau, a mer- change used last year 1/1% and up the premium reserve, the re- chant of No. 26 Des Youex Rond that used on the present occasion sults this year show it marked Central, the local agent for the manu-1/51/ makes the comparison of improvement.

facturern.

figures difficult, but I will endea

In one ense, the defendunt Siu To- |vour to indicate their significance. rheung, master of the Kwok Mno Dru

With regard to the Life Assur

Accident Increase.

13005.

Paul Robeson (n) 118400.

Local Time and Weather

$ p.m. Report.

8.3-10.30 from the Studio,

but this is more than made good Store of No. 22 Shanghai Street, Lance business, in my remarks last Department show a considerable Newa

by a fall in the total of losses, charges and rommissions of $1,767,198.50.

The loss percentage for

was 50.48 per cent, as compared with 63.51 per cent. For 1929 and that for commission and charges 28.45 per cent, as against 24.07 per

cent.

FUTURE HOPES

said he did ant know that the soup

marked "Planslive" was different from your 1 dengribed the year 1930 as

The premiums in the Accident)

p.m. Chinese

Concert.

10.30 p.m. Rugby Mid-day Press

10.35 p.m.

All recorda

Close Down.

In the above European pro grammes are kindly supplied by Mesare. S.

the genuine kind. He was out when a dificult year. The year under, increase from $12,278 to $64,273, his fokis bought a consignment from review has been marked by finan-even after allowing for the ex- 1930 "broker" who had called at his shop. cial depression throughout the change adjustment. Actually the

He stated he had no intention of deworld of an unprecedented char-, premiums have practically doubl-Moutnie and Co. frending: if anything, he himself had acter. I need not elaborate this ed. The claim rates has been been cheated as he paid the same point, with which you are fami- Batisfactory and the reserves have price for "Planulive" song as would lave for the genuine article, liar, beyond saying that Malaya, increased considerably, both as Defendant further stated he was Ceylon, Dutch East Indies and In- regards the amount, Le. from $27,- a friend of Mr. Lam, who, he knew, a where the great majority of 120 to $43,125, and in relation to was the local agent for "Palmolive" our Life business has been writ- the premium income, from 64.1% map, and he would not think of

Turning to the Working Account for 1931, after twelve months, we find a balance of $1,904,754.11 against that for 1930, at the same fall of period, of $2,641,214.06, a

We would point out, $636,489.95. however, that as shown in English

Eng eurrency there is merely ference of £2,070 between them. It is early yet to say very much, but we are quite hopeful of being able to appear before you next year with an equally creditable outturn for 1931.

Comparison of the Working Ae- counts will clearly demonstrate how greatly our income from interest has been affected by the movements of exchange; that of 1929 amount- ing to $766,746.70, whereas 1930, at the higher exchange 1/84. it fell to $616,797.11.

I have nothing to say future prospects. The

for

of

to

hu

ing of "Planolive" for "Palmoliveen) have been also equally af-1 to 67.1% of one year's income.

Mr.

fected.

Ups and Downs,

GEORGES PHILLIPAR

DEATH-ROLL

liner.-

It will be noted that funds in

(Continued from Page 1) Hugh-Jones pointed out to

excess of requirements for out- his Worship that the boxes containing

The life premium income has standing commitments in the was abroad the ill-fated the two kinds of soap were almost the

Reuter. Ac- same in colouring and general make-decreased from $835,132 to $628,- Marine, Fire and Accident

Rescue ship crews state up. The letters were of course sight. 302, which is to a large extent counts have been kept in reserve. ly different, but an ordinary Chinese due to the conversion of gold and nothing has been transferred that the blazing Georges Philippar could easily be deceived.

figures to dollars at the new cx- to Profit and Loss. After alloca-lit up the decks of their own shipa change. Actually there has been ting $5,544 to provide for bad and and the cries of passengers could a fall of about 16,000 in gold in- doubtful debts, the Profi and be heard for a great distance. They come and an increase of $50,000 Loss debit is reduced from $89,- thought that there must have been in silver income.

660 to $78,007, a reduction of $11,- boats which stemmed a serious difficulty in lowering the ship's

3.

Mr. Hugh-Jones said he had been heavy instructed to press for a penalty as the market was Hooded with that type of soap.

His Worship imposed a fine of $25 and ordered the defendant $126 costs.

to pay

In the other case, in which Kwong Yuen, the manster of a shop in Port- Yu Street, was the defendant, the same penalty was inflicted, being also the same.

at 17. Queen's Road Central

costs

The annual general meeting of the Whole Hongkong Lodge, the Theosophical world is suffering from acute, Society, will be held to-day at 6 pm economic depression and for me to venture any forecast as to the ultimate outcome would be futile in the extreme. Suffice it to say that we are fully maintaining connexions and that our fortunes must follow theirs.

the

553,

Investment Profs.

ex-

panic.

Death claims have been Home- what heavy at $167,466. We are,

According to a telegram received however, probably averaging out

by the Messageries Maritimes, the on the light claim rate previously experienced and there is some evi-perience of life insurance com

It has been the general persons aboard tho Andro Lebon dence that we may hope for a

include Mr. E. Jordan, Mr. and panies all over the lighter rate in the current year.

world this Mrs. O'Neill and two children. There appears to be a consider-year to face a heavy depreciation The French journalist, M. Albert able decrease in the expenses, in securities which in many cases

Londres, and the Finance Minister excluding commission, but this is as involved drawing heavily on for Annam are apparently missing. the Companies' reserved. We mainly due to the exchange rate

The total of passengers and crew at which the gold expenses have have experienced some deprecia- is given as 767, of which 676 have been brought into account. Action in our book values, but, as the already been accounted for,--Reu-

on investments tor. tually there has been small de realised profits crease in the gold expenses and a

during the year nearly equalled small increase in the silver ex-

this depreciation, we have been able to write down our securitien without seriously drawing on the Exchange and Fluctuation count, which shows an increase from $133,063 to $137,876. There has also been a further increase

penses.

bonus, the General

Agents and Consulting Committee have taken our into consideration the difference in

We have during the year ex- exchange of over 4 between the perienced a heavy rate of surren- rates at which the 1930 and 1931 ders and discontinuances which They has been the general experience accounts have been shown. trust that shareholders will con- of life companies everywhere dur- tinue to take full cognizance of the ing the year. note appearing in the report with regard to this bonus,

The customary analysis of balance sheet shows that the total of our assola, 1 expressed in English currency, has increased by over £20,000 whereas hs shown in Hongkong dollars it has fallen by over $4,000,000.

A RECOVERY

of

Ac-

French Consul Safe.

Paris, May 18. British passengers rescued from the Georges Philippar include:

First-class-Mr. Sassoon, Mr. Varde, Mr. and Mrs. C. Renner and child, Mr. and Mrs. Jordan, Mr. K. Jordan, Mr. and Mrs. O'Nelli in the loans advanced on security and two children. of the Company's policies.

Second-clase:-Mr.

and Mrs.

The Life Assurance Fund $173,349 showa a decronso as cam- In conclusion, I should like to Boots and child, and a sailor named I now propose the following repared with last year's figure, but place on record our appreciation Young. solution: That the report and this is entirely due to the dif- of the co-operation of the Brunch Third-class:--Mr. Homes and accounts, as presented, including forent rate of exchange used in Managers, Secretaries and staff Mr. Gradchell,—Reuter. All reserves are in a very satis. the payment of a final dividend in converting the gold portion of the and I have now the pleasure to factory position as will be seen by respect of the year 1930 of $32. fund. At last year's rate of ex propose the adoption of the ac- a retrospect of the balance sheets of together, with an exchange bonus change the fund would have accounts for the year ending 31st

The Investment of $5 per share and an interim tually shown a small increase. previous years. and Exchange Fluctuation Account dividend in respect of the year 1931 reveals a shrinkage of £29,636-19-3 of $18 per share; an addition

£20,000 to sterling reserve,

of

Marine Decrease.

Decomber, 1931, and when that has been seconded I shall be pleas ed to answer any questions which shareholders may wish to ask.

dc- Mr. H. Figuereido seconded, and the report and accounts were adopted unanimously.

of The net promiums in the Marine from the figure of 1930, this being due to the fall in the prices of our 590.412.87 to reinsurance fund and Department show a considerable investments as valued on the 31st of $417,391.30 to underwriting sua- decrease at $129,381. This

is mainly due to the dis- December 1931; you will be pleas-pense account, be adopted and pass-crease

continuance of the premiums un ed to learn, however, that, as on

ed". the 31st March last, the recovery This was seconded and unani-der a Marine Treaty, which had proved to be unremunerativo; And, further to the conversion of gold premiums to silver at the now rate of exchange. Actually excluding the Treaty income re- ferred to, the premiums remained steady.

had been such as to show an ap preciation over the balance sheet figures of more than £60,000.

mously adopted.

OTHER BUSINESS

Marine claims at $158,667 show

FAREWELL TO MR. WODEHOUSE

EULOGISTIC REFERENCES TO LONG CAREER

An enthusiastic gathering at dinner at the Police Recreation Club at Happy Valley last night joined in a warm tribute to Mr. P. P. J. Wodehouse, popular Deputy Inspector General of Police, who is going home on Saturday on retiro- ment, after having been more than

OTHER BUSINESS.

Mr. C. A, da Roza and Mr. Mok Ching-kong were re-elected to Sir Robert Ho Tung, Messrs

the Board of Directors, on the The surplus to be dealt with is $1,836.005.04, out of which A. H. Compton, L. Dunbar, Henry

seconded by Mr. Chan Nai-pan, 30 years in the Force. been paid an interin dividend of Humphreys, T. E. Pearce and A. H.

proposition of Mr. J. Coulthart,

Speaking from an association Messrs. Lowe, Bingham & Mat- with Mr. Wodehouse for over 25 $32, the same as last year, together White were re-elected as members with an "exchange" bonus at the of the Consulting Committee. reduced Agure of $5 per share, The election of Mr. J. H. Tag- a deerenso as compared with the thews and Mesars. Percy Smith,years, Mr. King referred to Mr. making $55 per share in all, which gart to the Consulting Committee previous year and, although the Set & Fleming were reappointed Wodehouse's qualities as a sports- resorve appears less at $162,942, Auditora for the current year at man, stating that in all games he. will absorb 8550,000. We further was confirmed.

Messrs. Lowe, Bingham and it actually bears a higher ratio a foo of $1,250 each, on the pro- had been a keen player, and a recommend the addition of £20,000 to sterling reserve, of 300,412.87 to Matthews and Messrs. Percy Smith, to the premium income than last position of Mr. J. F. Wright, Jnr., genial partner, above all this a

account, although, seconded by Mr. C. H. Basto.

good loser, whose qualities could be reinsurance fund and the transfer Seth and Fleming were appolated your. This

There were present Mr. R. G. emulated. of the balance of $417,391.30 to nuditors for the ensuing year, at still very small, is, I think, 'in a

healthier condition than it has Showan (Chairman); Messrs. In replying, Mr. Wodehouse ex- underwriting suspense Recount to & remuneration of $1,250 each. clona 1980 and brevious years. The Those present at the meeting hitherto been.

A. A. R. Botelho, Allan Cameron, preased the regret he felt at parting balance of $1.904,754.11 at credit word Hon. Mr. J. J. Pater- Promlums in the Fire Insur-Li Tee-fang, Mok Ching-kong, with so many of his friends of the of 1991, allows of the payment of ann, Messrs. A. H. White, anco Department at $107,023 show C. A. da Roza, (Directors), II. R. Force. He spoke of his earlier the usual interim dividend of $18 Henry Humphreya and Duna decrease mainly due to the Sturt, F. I. A. (Managing Direc sporting activities, and connexion for that year.

(Secretary); with the Club, and in conclusion bar, (Directors), F. C. Hall operation of exchange. Claims tor), E. R. Childo (accretary), H. Leung, Ho, Kom-at $56,891 show a considerable and the following shareholders: said that he looked forward to tong, Man Hing-lo, P. S. Cassidy, decrease as compared with last Messrs. F. Khan, J. Coulthart, welcoming any of his friends on D. V. Steavenson and E. Abraham, year's figures of $114,050. The Chan Nal-pan, H. Figuereldo, their return to his new home in in ahareholders.

reserve, therefore, shows an in- · J. F. Wright and C. H. Basto

Brokenhurst In the New Forest,

DIFFERENCE OF 49.

In making this recommendation with regard to the reduction

•

"DON'T GET SHIRTY"

Wear a "STORANCO" Shirt.

That shirt-up-back experience is unknown to all Tennis players, who wear this shirt, as its position cannot change, even during tho most strenuous of sets.

worn

The "STORANCO" Shirt is by leading Tennis Players, Golfors & Cricketers in all parts of the world.

The 1930 Australian Cricket Team on its tour of England, expressed keen appreciation of the merits of the "STORANCO" super sports Shirt.

We have it in Cream Taffeta and White Cellular.

Prices $7.50 & $8.50.

LESS 10% DISCOUNT FOR CASH. Try a Sample Shirt, you will be more than satisfied with the result.

WM. POWELL, LTD.

10, ICE HOUSE STREET,

ARTS & CRAFTS, LTD.

AT THE

HOUSE FURNISHERS

PENINSULA

&

REPULSE BAY

HOTELS

and DECORATORS.

IMPORTERS OF FOREIGN CARPETS.

DECORATIVE

MATERIALS.

PICTURES.

ORNAMENTAL

MAY to SEPTEMBER,

1932.

OBJECTS.

SHOWROOMS.

4a, Des Voeux Road.

SPECIAL SUMMER RATES

QUOTATIONS ON-APPLICATION TO MANAGEMENTS,

THE HONGKONG & SHANGHAI HOTELS, LTD.

Ho thanked them for their gifts the members of the Club to Mr. and said they would always remind Somerset Fitzroy in token of ap- him of a pleasant association with preciation of his late association his friends of this Police Force. with them as Public Prosecutor, (Applause);RE CURRANSE and to Mr. C. Blundell, another clá In the courso of the evening, member of the Club, who is miro presentations were also, made by going Home...