League of Nations Union, at a meeting over which Lord Cecil presided, today passed a resolution expressing warm admiration for the splendid courage and endurance of the Chinese people in resisting the Japanese.
The Union congratulates China on her recent successes, and trusts that they will continue, In this great struggle, the resolution adds, the Union recognizes that the Chinese armies are fighting not only for national independence but also for the safety of civilization and the maintenance of peace and order in international relations under rule and Isw.—Reuter.
Turning to the Accident account Mr. How pointed out that it con sisted of motor car insurance. Both gross and net premiums made r small gain, The accident loss ratio improved, being 3032 pep cent.- a compared with 35.73 per cent it 1980: A satisfactory credit balance of. $14,365.26 was carried to the Profit and Lo count The Profit-nnd Loss account, Mr How reported, shows a credit balance of $48,508.35. This was. arrived at after. transferring $110,000 to Inves! ment Reserve.
Text read from the printed page and cleaned; old type leaves the occasional error.