1933-05-25 — Page 20

SWAN, CULBERTSON & FRITZ.

THE HONGKONG TELEGRAPH. THURSDAY, MAY 25, 1933.

Investment bankers and brokera in accuvitica and commodities

Daily New York and London Stock Exchange Service Commodity Futures on the principal American marketa

Members of New York Cotton Exchange.

Members of National Raw Silk Exchango Inc., New York, Members of The Rubber Exchange of New York, Inc.

Members of The National Metal Exchange, Inc., New York.

Members of Chienge Board of Frade.

Correspondents for Hayden, Stone & Co. Telephone 2725).

Cable Address: Swanstock. Asia Life Building, 14, Queen's Road,

Hongkong.

BRITISH EMPIRE FAIR.

DO NOT MISS

"THE BIG THREE" "WARDONIA" "DECARBO“ & "SALCA"

Each 100%

H. CONNELL & CO., LTD.

China Building.

Phone 24828.

KING'S RESTAURANT

WELLMAN & CO.

HIRING DEPT.

TABLES

CHAIRS.

CUTLERY

PLATE

CHINA

GLASS

TABLE LINEN.

May be Hired at

Moderate Rates.

For Rates Call or Ring 24948.

THE SMARTEST PEN

EVER SHOWN. -

EVERSHARP DORIC

See these now beautiful pens now on display at Sincere's

the new Doric Eversharps are the finest writing instruments ever made.

TWELVE SIDED. GEM BRIGHT. GRACEFUL.

BETTER TO WRITE FEATHERWEIGHT.

PERFECTLY BALANCED.

DISTINCTIVE INLAID FILIGREE BANDINGS & CLIPS.

Usual Eversharp Exclusive" Offer of Choice of 14 Points.

THE SINCERE CO., LTD.

SOLE AGENTS.

CHINA UNDERWRITERS MEETING

Heavy Death Claims

EXCHANGE RATES

Paris..

Geneva. Berlin..

Helsingfors, Olap... Athem. Milan

The annual meeting of the Chinn Underwriters, Limited, was held at the Company's offices in Buenos Aires Hongkong Bank Building this Shanghai... niorning, Mr. A. L. Shields, chair- New York.. man of directors presiding.

Amsterdun. Present were Mr. A. L. Shields, | Vienna ....... chairman; Messrs. Allan Cameron, Pengus Li Tae-fong, Mek Ching-kong and

Madril .P. V. Botelho, directors; Mr. II. R.

Bucharent. Sturt, Managing

Hongkong director: Mr. Brussels..

May 23, .86.15/10

17.5134 (1445)

CRUELTY CHARGE

FAILS

SOLICITOR'S REMEDY FOR PROBLEM

Mr. G. K. Hall Brutton, appear- 05.1/16 ing before Mr. Schofteld, at the Central Magistracy this morning. 1/2 obtained the acquittal of a man. 3.02% Wong Chi-ching, charged with 8.404 cruelty to fowls by overcrowding

them in crates,

May 21 80 17.5-16 14.16/32

.227 -

217

.19.70

695

19.70 [i

.00

1/3

.3.01

.8110

31

.11354

113

.30%

39

670

1/4% .24.2845

10.18/32 (7) 22.45

E. R. Childe, secretary: and Stockholm. Messrs. Allan Keith, 11. Copenhagen. Figueiredo, Mok. Ying-kie. II. Lisbon...

118 Dreyer, A, L. Alven, Wang Man-to | Bombay

.1/6.5/04

1/2.11/10 and Wong Chung-he, shareholders. Yokohama,

CHAIRMAN'S SPEECH.

Montevideo. .34

4474 After the notice convening the Montreal

250 Belgrade meeting had been read by the

.18.7/8 Silver(spot) secretary, Mr. A. L. Shields, ad-Silver (forward). 18.7/8 dressing the meeting anid:

War Loan.......90 Gentlemen:--We have now the pleasure to lay before you our report and the Accounts for the year ending 1st December, 1982. EXCHANGE ADJUSTMENT.

In the accounts rupees and

CNN PA

19.10

An Indian constable said that: 570 he took two coolies and several 1/4.8/18

24.00 crates to the West Point Station.

The coolios were unloading the, 22.46 crates from a junk by the Praya. 110 The chickens were overcrowded. 1/6.5/01) and four or five nearly dead. The 1/21 defendant turned up at the station 34 later, and clained ownership of 44874

| the chickens and crates. 250 18.13/16

In reply to Mr. Hall Brutton, 18.7/8 witness said that the crates were 09.13/16

not being unloaded from a steam- er. Ho did not know whether they were brought on the u.8. Shewan, Chingking. The defendant was of the not present when the crates were

--British Wireless.

annual report that Mr. who has been chaleman Consulting Committee and after being unloaded, nor was he had-

Mr.

IL

ling the crates.

Inspector Hourihan said that} seven of the crates were not over- crowded, but one was, and chicken had its neck nearly cut

off.

one

words of the Board of Directora since the commencement of the

retired. has Company, Shewan's retiremont was neces sitated by ill health and I am sure that I am voicing your views when 1 express our regrets at the loss of his services and wish him

Mr. Hall Brution said that the speedy restoration to health. owners of the chickens were in In conclusion I should like to Wuchow, and they did the packing. place on record our appreciation The people in Hongkong, who were of the co-operation of the Branch poultry dealers, went on board the and I have now the pleasure to thing whatever to do with the ac- Managers, Secretaries and

staff ship to buy the chickens, had no- tual loading of the chickens. In this case, the defendant had al-

Straits doors have been convert ed to sterling throughout at the parities: Silver currencies have been converted to Hongkong dol- currencies to lars and other sterling at the current monthly rates for Revenue purposes and at the market rates on 31st December, 1932, for balance sheet purposes.

For the purpose of showing the accounts in Hongkong dollars the sterling Ogures arrivent at as above have been converted at the rate of Hongkong $1-1/3d,

The difference between the ex-propose the adoption of the Report change used last year 1/6d, and and Accounts for the year ending that used on the present occasion 31st December, 1932 and when that 1/3d. has the effect of somewhat has been seconded I shall be pleas increasing all the Revenne items on both sides of the account in respect of the sterling portion of cach item.

ready transferred ten crates to to answer any questions which his store, and was transferring shareholders may wish to ask. the remaining seven when the In- The motion was acconded by Mr.dian constable came on the scene A. L. Alves,

and took the coolles and the crates The exchange adjustments ne

The election of Mr. P. V.to the station on a motor lorry.

Mr. Schofield-The only remedy applied to the funds brought for Botelho ag an additional director ward at the beginning of the year

was propókejt by- Mr. H. Figueire-is for the Hongkong people to pro- are shown in the published aedo, seconded by Mr. Mok Ying-kie vide sufficient crates on taking de-

livery. counts in the various departments and carried unanimously. and speak for themselves,

Messrs. Allan Cameron and LA Mr. Brutton.-Thia le not allow The Chairman's remarks last Tue-fong were re-elected directorsed. It sounds aimple, but I have year and the year before with res

on the motion of Mr. P. V. Botelho, defended several people for caus- ing obstruction. The easiest way gard to the Life Assurance busi-seconded by Mr. H. Dreyor. ness still apply as the year under The re-election of Messrs. Lowe, is for the poultry dealer to trans- review has been marked by a con-

Bingham and Matthews, chartered for the crates immediately to his finantion and in fact accentuation accountants, and Messrs. Percy store and there effect the transfer of the Banelal depression with Smith, Seth and Fleming, incor- of the chickens to other crates. which you are all familiar.

porated accountanta, as auditors provided with matting.

Premiums at $646,032 show แ small increnae' over Inst year's figure.

HEAVY DEATH CLAIMS. Claims by death have been ex- ceedingly heavy but this item in- cludes certain amounts reserved for claims not yet admitted and which may not in fact become pay- able..

The surrenders have again been extremely heavy which lins been a characteristle of Life Assurance Accounts during the last few years all over the world.

Expenses show a small reduc tion and the Life Assurance Fund nt the end of the year at $179,331 shows a small increase over the amounts brought forward at the beginning of the year,

Fire Insurance premiumis at $121,506 show an increase over the previous year. The claims UX- perienco has again bern satis- factory and the reserves at the end of the year show an increase from $58,563 to $83,629.

In the Accident Departurent pregtiums show a small increase at $71,296 and the claim ratio have ing been satisfactory, the reserves in this account have been in- creased from $83,124 to $72.914. There has been a falling off in our necident business in Ceylon which has been made up by an increase in the business in other agencies, MARINE INSURANCE.

Marine Insurance premiums at $136,014 show a small increase lover last year's figure. Claims at $70,560 show a satisfactory ratio particularly as this figure includes elains in respect of certain busi- ness which was discontinued two years ago and which is running ot. The Marine Insurance Fund has increased from $162,942 to $193,560.

It will be seen in the Five. Ac- Leident and Marine Accounts that the ratio of reserves to premium income has increased in all cases,

The balance of interest has been carried to profit and loss Ac- count and after setting aside $5,223 against bad debts the dobit balance in thia Account is reduced from $78,007 to $63,121.

In the balance sheet, securities have been taken at cost price or market value on 31st December, 1932 whichever was less, although there is an appreciable margin of profit between the actual values on 31st Decembor, 1932 and the values taken in the Balance Sheet. The Exchange and Investment Fluctuation Account 'which in- cludes a certain amount of realis- jed profit has been increased from $137,876 to $203,564. The amount In band is ample to protect tho Account against any likely riso in oxchango which might take place. There has been a further Increase in the itom "Loans on Company's policlos."

MR. SHEWAN'S RETIREMENT.

You will have noticed from the

It was

For the current year at a fee of ease really for the master of the $1,200 each was proposed by Mr. ship to refuse to take the crates. Wong Chung-ho and seconded by at Wuchow, if he considered that Mr. Allan Keith.

they were overcrowded.

AT THE

BRITISH

EMPIRE

FAIR

NOW OPEN

The following New Territory products will

be on sale:~~~~

50 different kinds of fresh Vegetables

and Fruits.

FRESH Mushrooms, Eggs, Tomatoes, Crabs and Oysters.

ALL products will be packed in small

lots for the convenience of

purchasers.

SEE THESE IN THE

PAVILION.

Issued by the Empire Fair Committee.

EMPIRE WEEK

AT

Whiteaways

EN HERRGALMAOO FLYAND LAWESIGOLTINA

SPECIAL DISPLAYS

OF

BRITISH EMPIRE GOODS IN ALL DEPARTMENTS

AT

SPECIAL VALUE PRICES

HOUSEHOLD LINEN DEPT.

We have just received some wonderful values in a Household linen dept. British Empire manufacture. and are the best value we have ever been able to offer to the public in these lings.

TURKISH BATH TOWELS.

Heavy quality white Turkish Bath Towel. Hommed borders. Very absorbent and closely woven. stand the hardest wear.

Size 30 by 56 inches

Size 34 by 68 inches

$2.50

each.

Will

bach, $2.95

COTTON TABLE NAPKINS.

A heavy Cotton Napkin. Nice Pattern, Hemmed ready for use. Specially suitable for hotels, restaurants, boarding houses, etc. 22 inches square.

der.

SPECIAL VALUE PRICE:

$3.95 dozen.

PILLOW CASES.

Heavy white Cotton Pillow Cases. Hemstitched bor-

Will stand hard wear and washing, 30 inches.

SPECIAL VALUE PRICE:

$2.25 each.

CURTAIN NET.

Size 20 by

Artificial Silk and Cotton Curtain Not. Absolutely Fadeless. Can be supplied in Cold, Blue, Maroon Pink

42 inches wido,

and Green.

SPECIAL VALUE PRICE:

$1.95 yard.

COLOURED TURKISH TOWELS.

Coloured Striped Turkish Towel specially suitable for use on Bathing Beaches, Launch Picnics, etc. by 50 inches.

SPECIAL VALUE PRICE:

$1.50 each.

Size 22

In Our Ladios & Childrens' Dept. SUMMER VESTS.

Fine ribbed Cotton Vests with and without Sleeves. Opera top or V, Neck. Cool, absorbent and hard wearing

Childrens' Sizes SPECIAL VALUE PRICE:

50 CTS.

cách.

Ladies' Sizes

SPECIAL VALUE PRICE:

$1.00 each.

LISLE COTTON HOSE.

. Fine English made Lisle Cotton Hose. Cuban Heal. Wash and wear-well. Black, White, Beach Ton and

Oman.

All sizes.

SPECIAL VALUE PRICE:

$1.25 pair.

DO NOT FAIL

To Visit Our Store This Week.

WHITEAWAY. FAIDLAW & CO.,

LTD.

Lực tapped to all ang 119 461 qe dh

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