1939-03-24 — Page 29

Friday,

HONGKONG TELEGRAPH

March 24, 1939.

DONALD DUCK

YE HAT SHOR

Sept 1hy Walk Day Eningels

ANNUAL MEETING

Insurance Has Quota Of Worries In Far East, Chairman Says

NOTE OF OPTIMISM on the future in spite of the poor results obtained in 1937 was struck by Mr. D. F. Landalo, Chairman, at the seventieth ordinary meeting of the Hongkong Fire Insurance Co., Ltd. hold in the board room of Messrs. Jardine, Matheson and Co., Ltd., this morning.

The surplus now to be dealt with

The Chairman reported that the 1937 account showed is 5495,809, the balance of account pay- credit balance of

1937, and we recommend the $495,860, which he described as lean, and $400,000 and the appropriation of the ment of $12 per share, absorbing said that insurance in these balance of $15,000 to Reinsurance times had, like everything else, Fund. its full quota of difficulties.

Had it not been for the satisfactory

The September typhoon caus-showing made by the account for ed substantial increases

in the 1938, we should have been chary of Company's toll of losses,

recommending the continuance of the dividend at the full figure of $12 but,

He said: Gentlemen, before com- with some hope of better things mencing the business of this meel-ahead, we feel that it would have ing. I wish to express the regret of been unfair to propose any cut until the General Managers and Consult the position appeared to render ing Committee that Sir Robert Ho definitely necessary, Tung is not with us to-day.

DIVIDEND ADJUSTMENT

After many years, during which

Japan's 'High' Wages

War Office And Munitions' Pay

A SUGGESTION in the Diet that military arsenals and similar Government extablish- ments were short of labour because wages were low brought!

War Office,

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By Walt Disney

GIMME A BOOK ON SALES RESISTANCE!

Trade talks strengthen hopes for peace in Europe

·BERLIN

WARSAW

SINGFORS

·MOSCOW ·

--RADIO-

**

the Company has had the beneft of It has been our constunt wish. in his valued advice, he has felt that ad- past years, to confine the amount of an indignant denial from a ZBW, 355 metres (845 k.c.) and 31.49 metres (9,520 k.c.) vancing age made it incumbent on our dividend to round about the spokesman of the him to relire from the Board. figure of income from Investments says a "Router" message from Commentary from Aintree Avenue (film 'On

not be Tokyo. We wish to record our sincere but this, in future, may thanks for all he has done and with possible and you will appreciate that him long life and happiness in his well earned retirement.

I am pleased to say that the Hon. Mr. M. K. Lo has accepted our in- vitation to All the vacancy made by the resignation of Sir

Trung

Hobert

DEPARTURE OF MR. JOSEPH

Bu

Another change in the personnel

we

than

it might be some years before

gain reach that happy state.

We trust that trading profits will be somewhat more plentiful they have been for the last two years and so allow of the continuance of the present dividend and further additions to Reserves.

It is the custom at this meeting

for the Chairman to comment on the Reserves to call

But, In the next breath, the spokes- man gives the wages as follows:

Maximum wage for males, 0.48 yen per day. 7s Gd.

Minimum wage for males, 54d.

On Grand National

NEW VARIETY --- Radio Programme Broadcast by Z. B. W. on a Frequency of 845 k.e's. and on Short Wave from 1-2.15 p.m. and 8-11.25 pm, on 9.52 m.c's, per

per day.

Maximum wage for females is second. 74d. per day.

Minimum for females, 44d, per

*day,

The average for men was la 01⁄4d.

Cy

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"Trans-Ocean" reports that the Under-Secretary for Overseas Trade, Mr. B. S, Hudson, called on M. Litvinoff yesterday for the first trade conversations with Soviet Russia.

New trado negotiations, either projected or concluded, which may Kolve ដចផង of Europe's pressing problems, are shown by arrows. In addition to Britain's great trade push. Italy

and Russia. Poland and Russia and Germany and Rumania, have Just signed pacts. Britain is also secking a Rumanian oil agrée-

ment.

Meanwhile the Balkan Entente Powers (Rumanla, Jugo-Slavia, Greece and Turkey) have met in Bucharest to discuss their pro- blems.

Hopes of bringing Bulgaria

into the Balkan entente have had to be deferred because of the political situation in Bulgaris itself.

Premier, Bulgarian Klosseivanoff, is reported to have

The

MI.

told the Turkish Foreign Minis fer, M. Sarajoglu, that 'Bulgaria would not be represented on the entente's permanent council.

Statesmen of Norway, Sweden. Dewmark and Fluland, met at Helsingfors to tackle common defence policy.

MEMEL, EUROPE'S NAGGING TOOTH

(Continued from Page 6.)

HUNGARY

INVADES SLOVAKIA

in

Vienna, Mar. 23. Political quarters

Bretislava reported that at 8 a.m. to-day Berlin, time regular Hungarian

troops crossed the frontier inta Slovakia Bear Sobrance and advanced in the direction of Michalovce, occupying several vilinges on the way. Shortly after 10.30 am; Berlin time, other Slovak frantier villages wero oc- cupied by regular Hungarlun troops advancing un Michalovce from various directions.

no resistance So far

has been offered to the Hungarian troops, but the Slovak Detence Minister an- nounced this forenoon that Hunka Guards have been mobilised and that | bombing planes will be used against the advancing Hungarian troops. In addition, all Czech troops still in garrison have been ordered to op-

the advance pose

of Hungarian Arnops-Trans-Ocean.

Army A.A. Guns For London

Units

the Avenue');

of Regular anti-aircraft This Year's Kissen (Alm 'On the

artillery are to supplement Terri- Avenue')....Allee Kaye with Feuer Orchestra.

Mr. Hore-Belisha, Secretary for 11.00 London Relay The Grand with the Reich. The elections will be torials in the protection of Londin.

a plebiscite."

War, speaking in London recently, Nallonal.

A commentary on the race by When the elections did come, the said:

"We have decided to bring two (assisted by a Germans practically swept the board

Regular regiments of anti-aircraft Thomas Woodrooffe

artillery, with their equipment, to race-reader), Richard North (assisted last December. by a race-reader), and Victor Smythe

Bertulcit sold in the same states take up their stations in London and from Aintree, Liverpool.

ment that after the elections Meme! H. K. T.

11,25 Close Down,

already arriving. 12.00-12.20 p.m. Relay of Service;

from St. of Intercession

John's Whistling Waltz (film 'Limelight'). would demand proofs of good wills neighbouring areas and they are

Placo-Accordeon

The purpose of this move is not Band from the Lithuanian Government. I ..London

only to give additional protection to of the consulting Committee that position of the Company's

Cathedral.

"Back to the Reich" could no longer London, but to form a liaison be regret to advise, is the resignation of and, consequently, I have

12.30 Rachmaninoff-Rhapsody On under the dircellon of Scott Wood. it did not get them, he said, the ery Mr. Felix A. Joseph as from March your attention to the heavy inroad dally and for women 114d, daily.

tween the. Regular and Territorial A Theme Of Paganini For Piano And With Vocal Chorus.

1.30 Reuter and Rugby Press, be suppressed. Tokyo's munition industry willOrchestra, Op. 43. 31. Mr. Joseph, is leaving for Eng-that has been made into our Invest-

When Hitler decided to join Mentel-formations who may be in close con- land early next month and to him ment and Exchange Fluctuation Ac- need another 20,000 boy workers,

Sergei Rachmaninoff (Piano) with Weather Forecast and Announce

land to East Prussia there couldn't tret in limo of emergency," also we tender our best thanks for count by reason of the fall in value even after it absorbs 25,000 graduates Leopold Stoltowski and the Phila-ments.

1.40 New Dance Musle.

bc much opposition. Certainly past services, together with all good of our Shanghai Investments and of primary schools in Tokyo and delphia Orchestra.

Fox-Trots There's A New Apple the Potes had no desire to help also to the lower Exchange at which 10,000 from the country next month.

12.53 Rachmaninoff at the Plano. wishes for the future,

Serenade, Op. 3, No. 5 (Rachma-Tree; Day After Day.... Jack Hylton Lithuania retain Memel, for in fact The out-turn

Company's we have been obliged to take them of the

and His Orchestra with Vocal Re- the land-hungry Poles wouldn't mind ninoff); Scherzo (Borodin).

frain; Fox-Trots-Heart And Soul in the least carving a piece of Lithu working for the year 1937, which we into our Balance Sheet. At the end

1.00-Local-Time-Signal and Wea now present to you and which shows of 1937-the rate was-180,-whereas at

(Alm A Song -ts-Born')-Mayfair anla for themselves. December 31 last year it had fallen a credit balance of $495,806.

ther Report.

Merry-Go-Round (film 'Kicking the to 180.

Moon

Around").....Billy only be described us lean, reflecting At the close of the year 1937, the as it does the unsatisfactory results of our operations in Sterling during Reserve in question amounted to $406,271 but after provision hod that year.

been made for these losses it stood reduced to the figure of $58,089.

can

TOLL OF LOSSES Our Income, both from Sterling and Hongkong and China Currencies, was up by over $56,000, but unfor- tunately the toll of Losses exceeded that for 1086 by just over two lakhs of Hongkong dollars,

This heavy increase was due to our Sterling Account to the $150,000, while the balance was very largely the result of the Typhoon that visited Hongkong on the night of the 1st/2nd September, 1937.

extent

of

Have You Lost A Dog?

As your General Managers, and Consulting Committee considered this last-named amount inadequate. they have transferred the sum of $300,000 from Reinsurance Fund, so do that the figure at credit of Invest- "It answers to any name so long ment and Exchange Fiuctuation Ac-as there's rice and meat in die count as at the end of last year-ong."

The dog has a metal tag with the stood at $558,684.

number 30-700. The are claim it at 814 King's Road, Quarry

STRONG POSITION

As readjusted, our Reserves still in a very strong position

with

Pilsudski showed them how to do css it.

Memel was bound to go the way of Casey Austria and Czecho-Slovakia some

Peninsula Hotel Dust-bin Mystery

1.03 London Plano-Accordeon Band and Sam Browne (Baritone).

(Piano)

Dorothy There'll Never Be Anollier You

(arr. Stoddon).....T

..Terance A gentleman visited the "Tele-(Hurry Woods); One Night in Monte (Vocal): Wallz graph" office this afternoon.

Carlo (Sherman and Lewis)... Lon- black Scotch Terrier.

He wants to find the owner of a don Plano-Accordeon Band under the Organ): Quickstep-Joseph! Joseph! time. Luckily, it went.

direction of Scott Wood. With vocal Tango So Blue The Skies....Max- Here is the description:

chorus; Talking Through My Heart Well Stewart's Ballroom Melody; Medley-Toy Land Medley....Anton The friendliest and most likeable (lm The Big Broadcast of 1837) and The Paramount Theatre Orches

I'd like to keep it.

Have You Forgotten So Soon (Glibert

2.15 Close Down. I've seen.

and Nicholis)....Sam Browne (Daritra with Reginald Foort at the Organ. 0.00 Relay of the Dance Orchestra tone) with Orchestra; Happy, I'm Happy (alm Caravan)...

London

from the Roof Garden of the long- the Plano-Accordeon Band

rection of Scott Wood. With vocal

kong Hotel. chorus; A Star Fell Out Of Heaven (Gordon and Revel); The One Rose (Lyon und McIntyre)..Sam Browne (d) Songs of India. (Baritone) with Orchestra; Maid Of Brazil (Le Roy and Marsden); The

8.03 A Recital by Eileen Joyce Accordeon and String Bass. (Piano) and Natan Bilisteln (Violin).

Etude De

F

and Point.

A comparison of ratios, as between more than adequate for the business the year under review and its im-We undertake; granted more favour- medinte predecessor, is as follows: able conditions, our first care will be

Lasses 61.74 per cent. as against

to rehabilitate the Relusurance Fund

to something Ilke Its previous

53.27 per cent. Charger 37.07 per position. cant, and 39.34 per cent, leaving a I trust you will approve the usual balance of .53 per cent. as against grant of a bonus to members of the

that the out-turn has been thin is no

same stage.

SHANGHAI EXCHANGE The balance at credit of Working Account 1938 is $702,452, an increase of approximately $40,000 on that for the year 1937 at the same period, and the third best we have had.

owner can

Lady Northcote Off To England.

(Liszt); Etude De Concert In A Flat

A coolie of the Peninsula Hotel (0) I Used to be Colour Blind (b) found 37 rounds of revolver ammuni- Some of these days; (c) Hawaii Calls; tion and a dagger in a dustbin of the Hotel. The weapon and ammunition 0.14 Record: Texas Dan (Robison); were taken to the Water Police

Happy Go Lucky (Robison)....Car Station yesterday," san Robison (Vocal) with Guitar,}

To-day.

Waddlin' 21 the Waldorf; (c) Light the Kowloon Magistracy to grant an

of 1937 we now place before you and own, very well indeed, but every monn at the Piano. that there IS justification for a reason-dollar we-earn is reduced by 75 per

8.33 Rossini-La Boutique Fan- (Tenor). able degree of optimism for the cent, when transferred into Hong-tasque. future is shown by the carry forward kong currency.

London Philharmonic Orchestra for 1933.

Bellero mo when I say that. Things change very quickly in Insurance in these times has its full conducted by Eugene Goossens. these days and although the measure quots of dificulties, ikke everything by which we could previously gauge clɛo.

Mr. Himsworth granted the order.

President's Visit Draws To Close

Det. - Sergeant H T. 6.21 (a) Where is the Sun; (b) Matches asked Mr. E. Himsworth at

order for the confiscation of the Major (Paul De Schlozer)....Elleen and Swingy; (d) China-Town.

6.35 Records: Frasquita Serenade dogger and ammunition. Lady Northcote, wife of His Joyce (Piano); Sonata In A Major that of 7.30 per cent for 1038 at the staff of 15 per cent, on their salaries Excellency the Governor, is denart-1 (Vivaldi-arr. David)....Naton Mis (Lachar); The Whistler And His Dog | The rules of Sterling Exchange fault of theirs and they have working for England by the P. & O. liner tein (Violin) with Leopold Mittmann (Prior). Rubinson Cleaver (OR at the Piano; Trois Danses Fantasti- gan); Somebody's Thinking Of You taken were identical at 172%, so thated well during the past twelve Canton os April 1.

To-night (Symes and Powell)........... Lady Northcote will be accom-ques (Shostakovich); Scherzo Op. 10 Eisie Carlisle (Vocal) with Orches- this factor does not enter into things months.

Mr. M. A. S. No. (D'Albert)... Elleen Joyce tra, Exchange between' Shanghai, and

until for me to say, intich with regard to Northcote, who has been visiting Major, Op. 4. (Wieniawsid); Romance Shine; (e) I Stil love to kits you

I do not think it would be helpful [panied by her son,

(Plana); Polonaise Erilliante In D 0.44 (a) Basin Street Blues (b) Hongkong remained steady after December 31, 1037 with the business conditions in so far as they longkong for several months.

(Second Movement from Concerto Goodnight; (d) Every Tub. result that Income from Investments relate to Insurance; that they have

No. 2'-Wieniawski Op. 22)....Natan 7.00 Closing Local Stock Quola-

London, Mar. 23. for that year shows a slight Increase (been poor is obvious from the result

Milstein (Violin) with Leopold Mitt-tions. of $649 over that for 1930.

7.02 Songa by

The State visit of the President of Georges Thili

the French Republic ends to-morrow. Barchetta (Lena and Hohn)....with;

To-night President and Madamoj Mlle. Laskine (Harp) and M. Lafon Lebrun, together with the King and (Gullar): Enlevement (Bordese and Queen, Queen Mary, and other mem- for Lovede)....with Piono accomp. by bera of the Royal Family, leading Georges True; Elegic (Massenet); Ministers of State, and Ambassadora Three short laiks on matters of Fortunio (Messager)...with, Orches and Ministers at the Court of St.

tra cond, by Pierre Chagnon.

James attended a banquet giver at topical interest,

0,20 Next week's programme.

7.15 London Relay The Dis- the Foreign Office by the Foreign 9.30 London, Relay The Newa

covery Of France'.

Secretary and Lady Halifax-British 9.50 Rafe da Costa (Piano).

A selection of the writings of Wireless. "Der Fledermaus" Selection Englishmen on France, showing their are suffering from the closing at On the proposal of Mr. J. II, Seth, Strauss); Wellz Romantique (Rale gradual discovery of her fascination year.

Da Costa).

by Igor Vinogradoff and Stephen It would be premature yet to various China ports; previously, seconded by Mr. H. J. Armstrong, the

10.00 London Itelay-Sandy Mac Potter. speculate as to the result of this places such as Hankow and Conlon Hon. Mr. T. E. Pearce, the Hon. Mr.

pherson at the B.B.C. Theatre, Organ, 7.55. Gennin-Idyllo Bretonne. account but we are hopeful that it were sources of antisfactory, Income M. K. Lo and Messrs. C. B. Brown,

10.15 New Variety.

Sir Dan Godfrey conducting tho will run of better than its predeces- but now they are merely an expense.A. E. Compton, J., H. Taggart and

Orchestra W. Organ "Girl of the Bournemouth Municipal Orchestra. In Shanghal, we are holding our S. T. Williamson were re-elected Golden West"-Selection... Anton (Durt for two Flutes; Soloists: Jean

members of

the Consulting Com-and the Paramount Theatre Orchestra and Pierre Gennia). mittee.

with Al Bollington nt the Organ; Vocal 8.00 Local Time Signal, Weather Messrs. Lowe, Bingham and Mat-Hold Myer And Cohen (Sonin-Report and Announcements, thews and Messrs. Percy Smith, Seth Davis)....Mux Bacon with Orphes- and Fleming were re-elected audillors tra; Organ-I Want To Be Snappy. on the proposal of Mr. M. H. Lo Sidney Torch; Piano-Rush Hour seconded by Mr. H. W. Dulley.

(Willamson); The Donkey Serenade

Had it not been for the fall in possible results some way ahead so Shanghal Exchange, the position longer opplles, 1 am inclined to be would have been even better; as it hopeful. is, the account discloses a fall in CLOSING OF CHINA PORTS Interest of nearly $10,000 as com- One adverso factor, that I would pared with that

the previous particularly stress, is the loss that we

Dr.

for

$1 TIFFINS

at

Jimmy's

Also A China Bldg., Hongkong.

la Carte

Hankow Rd., Kowloon.

The Chairman then proposed the adoption of the report and statement

of accounts. Mr. D. V. Stevenson seconded and the motion was carried unanimously.

0.00 London itclay-Food Thought'.

A.R.P. EXAMS.

Flying Is Hobby At 87

Sydney, Australia. Mrs. Emma Mortimer Lewis has flown 3,000 miles since she was 87. She was n passenger with the late Charles Kingsford Smith on the first Brisbane-Sydney run of the National The Air Raid Precautions Officer Australian Airways and Insists flying There were present at the meeting: (m 'Firefly).....Patricia Ross-announces that the undermentioned, is the only worthwhile means of Mr. D. F. Landalo. (Chairman), Mr. borough! Vocal and Plano-They Say successfully passed the Air Hald transportation. C. Bernard Brown, Mr. A. H. Comp-| (Heyman-Mann-Welsa); There's | Warden's Examination held at the

ton, Mr. Felix A. Josophi, Hon, Mr. Something About An Old Love Mills- Club Lusitano on March 17:

M. K. Lo Hon. Mr. T, E. Fearce, Fien-Hudson)....Lealle Hutchinson: Messrs. F. A. Joseph, C. H. Adams,

Mr. S. TWilliamson (Consulting Vocal-Have A Bit Of Pity On The C. H. Basto, J. M. Dalziel, T. W Committee), Mr. F. C. Hall (Secret Crooner (Askey-Barker) Arthur Erskine VM Barradas E

FALSĘ FIRE ALARM

A Bre alarm, believed to be from ary) and the following shareholders: Ashey with Small Orchestra; Dance d'Almada Remedios, F. G. Bird, Henry Elgin Street, was received by the Meases. D. Hung, M. H. Lo, D. V. Orchestra Jam On Tons--Fox Trat: Chong, G. T. Bird, C. Carr, E. Smeh Fire Station at 11.20 m, but when Steavenson, H. J. Armstrong J. IL Tuti Frutti Fék-Trot Gene W. J. Morris, C. P. Wong, AL fire appliances arrived on the scene, Seth, S. Hampden Ross, J. Flemlug Krupa and His Orchestra with Vocal Fisher. C. La Rocha, E. de Sousa, I. P. it turned out to be false... and H. W. Dulley,

Chorus: Vocal-lumming On Park Corveth, H: R. Sequeira

DORADO LEAVES

The Imperial Airways plone Dorndo lafl-Kai-Tak-this-morning-for-Bang- ok with Mr, H. C. Lee as the sole

passenger.

Some 10341bs, of mail were carried,

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