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HONG KONG, TUESDAY, JUNE 7, 1927.
YANGTSE LOOTING.
China Sugar Refinery's Position.
AGENCIES CLOSED DOWN.
POLICE FORCE..
RESERVE AND "SPECIAL” CONTINGENTS.
THE NEW SCHEME.
ure
O.S.K. WINS.
SUIT BROUGHT BY THE LANDLORDS.
TENANCY PROBLEMS.
Judgment was given in the The following announcements How only a small quantity are made by the Adjutant, Mr. Supreme Court this morning by Mr. Justice J. R. Wood in the case of stocks owned by the China G. B. Hartford-
Police Reserve. Gentlemen in which Lum Kau-mow and Chan Sugar Refining Co., Ltd., was
interested in this Tong, landlords of properly in looted during the trouble on the who Yangtse River was related to-day, scheme are requested to attend at Macdonnell Road formerly oc. at the annual meeting of the com- the Chief Inspector's Office, Cen-cupied by the Osaka Shosen pany, held in the board room of tral Police Station, on any day Kaisha, sued their former ten-
ants. the General Agents (Messrs. between 9.30 a.m. an! 12.30 p.m. where the Adjutant will give all Jardine, Matheson & Co., Ltd.)
Reference was also made to the necessary information. closing down of agencies and to the effect of the war upon the company's business.
1
In the statement of claim, plain- tiffs asked for a declaration that
Special Constabulary-Special the defendants had exercised an Constable can be enrolled on any option for a further term of four day except Saturdays and Sun-years under the lease and were The Hon. Mr. D. G. M. Bernard days at the Central Police Station now tenants for a period of four (chairman )presided. He was at 9.30 a.m. or 12.30 p.m. Report years from August 16, 1924; and; supported by Sir Robert Ho Tung, at Chief Inspector's Office.
Mr. H. P. White and Mr. L. J. Davies of the Consulting Com- mittee) and Mr. E. B. C. Hornell (secretary). Shareholders pre- sent were Messrs. :-A. A. Alves, J. Baptista, Choa Po-sien, F. M. de Graca, Ho Leung, Ho Kwong, Ho Shai-kit, Lo Man-hin, A. MeKirdy, C. Savard-Remedios, A. M. da Silva, G. M. Shaw,
Chairman's Address.
:
The secretary having read the notice convening the meeting the chairman said:--
in the alternative, for other relief. The O.S.K. had ceased to oc- cupy the premises, on August 31, 1926, and since that dete no rent had been paid by the Company to the plaintiffs.
Mr. Andrew Tse, the son of Mr. Simon Tae Yan, returned to
In disposing of the main issue Hong Kong on Sunday by the s.s. "Tenyo Maru," after a trip in favour of the defendants (the Also O.S.K.) His Lordship found that to Japan and Shanghai. arriving by the same boat were the lease in respect of the build- Mr. and Mrs. E. Thompson, Dr.ings was to Mr. Yamasaki (a for- A. Anderson, Mr. and Mrs. Villadolid.
D. mer manager of the O.S.K.) and to him personally and that there. for the option for a further term of four years contained in the lease was not one which it was fat any time open to the defendant' and this will interfere with our company to exercise. It was not sales up there.
Cheaper Than Idleness.
Before commencing the busi ness of this meeting I wish to express the deep sorrow of your General Agents and Consulting Committee at the death of Sir Owing to the gradual accumula- Paul Chater, C.M.G., which action of stocks, the Refinery had curred on May 27 last year. to close down altogether through- Sir Paul had been actively in-out February, and since then we terested in this company since have kept working on a very 1900 as a member of the Con- small melt which, though expen- sulting Committee and the bene-sive, is cheaper than leaving the fit of his great experience and Refinery idle. advice will be very much missed in the future.
Upper Yangtse Agencies.
alleged that the option was exer- cised by Mr. Yamasaki. The lease therefore and all rights under it would seem to have expired on August 15, 1924, and the plaintiffs were therefore not entitled to the first declaration for which they had applied.
Estopped Plea Fails.
In the alternative, the plaintiffs Turning now to the Accounts, had claimed a declaration that the you will observe a note to the defendants were estopped by ad- effect that forward commitments missions in a letter written arising for the purchase of Raw Sugar out another claim from denying The Report and Statement of for shipment in 1927, amounting that they were tenants of the pre- Accounts, together with the Auto approximately $2,000,000, were mises for a period of four years ditors' report, have been in your entered into prior to December 31. from August 16, 1924.
After reviewing the evidence,j hands for some days, and, with The Refinery of 'course' always your permission, I will follow has to purchase its requirements His Lordship said that he was the usual procedure and take somewhat in advance but until satisfied that the defendants were this year no note of the commit in these proceedings in no way them as read.
I regret the delay in present-ments has been shown in the feltered by the rule of estoppel. The Not only had the law of estoppel ing to you the accounts which Statement of Accounts.
J
is due to the difficulty we have amount in question represents 3 been improperly pleaded, but the experienced in obtaining returns to 4 months working under grounds on which the claim had from the Northern Agencies normal conditions. owing to the disturbed conditions in' China and the necessity of closing down entirely at some of the Upper Yangtse River Agencies.
Effect of Civil War.
.
2.80, 5 10, 7.15, 9.20
W
MILKMAID MILK
JOHN GILBERT
in
BARDELYS
THE
MAGNIFICENT
QUEEN'S
REGINALD DENNY
W
0
R
L
D
TO JONES
D
R
LA
In
WHAT HAPPENED
2.80 to 11.15 p.m.
RAMON NOVARRO
and
BARBARA LA MARR
in
THY NAME IS WOMAN
STAR
BUSINESS DIRECTORY
been made were also insufficient.
On an alternative claim for Increase of Capital? $1,012.50 (15 per cent. in excess You will notice that the over-of rent actually paid by the defen- draft at Bankers and Sundry dant Company from December 16, Creditors total $4,618,144.45. Of11925, to September 15, 1926) His this there is $1,765,267.13 due to Lordship said that it seemed to the General Agents. The charge him that the defendants were lin- The loss for the past year for interest on this large sum, ble on this claim (the money had amounts to $29,832.19 after pro-amounting to $288,755.84, is a been paid into Court with a denial viding for depreciation on the heavy drain on the Company. of liability).
Judgment was for the defen- usual scale and payment of in- Last year I drew attention to this terest and all other charges. This and mentioned that it might be dant Company (0.S.K.) except on better to increase the capital of the claim for the payment of with the "debit balance of $1,508,956.86 brought forward the Company, and I can only re- $1,012, on which claim judgment Bookbinders. from the previous year makes the peat that when conditions are was for the plaintiffs.
Plaintiffs would pay all costs in total balance at debit of Profit and more favourable this will receive
the attention of the General curred after the date of payment Loss Account $1,533.788.05.
During the early months of the Agents and Consulting Com-into Court. Each party would pay their own costs incurred prior to year trade was poor and prices mittee. 3.30 p.m. for our refined products low, but further that calls for comment
I do not think there is anything the date of payment into Court.. 4.30 p.m. towards the end of the summer 4.30p.m. there was a marked improvement and I now beg to propose the and there appeared to be every adoption of the report and ac- prospect of closing the year with counts as presented, and when 8.30 a.m. a fair profit. But unfortunately this has been seconded I shall be 9.30 a.m. the civil war spread to the Yang- pleased to answer to the best of tse Valley, which is our largest my ability any question which market, and with trade becoming shareholders may wish to ask. 10.30a.m. completely disorganised our hopes of realising the expected profit 10.30 am for the year faded away.
Only 74 Bags Looted,
7
3 p.m.
Hai Ching Empress of Ruasio President Jackson
Thi Hing
Kingyuan
Sun Kong
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8
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:14 Hai Hồng.
6 p.m. 5 p.m.
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2.90 p.m.
1 p.m. 1 pm..
Consulting Committee.
PICKPOCKET CAUGHT.
While walking in Connaught|
THE "CHINA MAIL", Book-
bindera. No. 5, Wyndham Street..
Dentist.
HARRY FONG, Dentist,
Hair Dressera
Booksellers.
LEE YEE,
Ladies' and Gentlemen's Hair Dressers meng
and Booksellers
No. 12, D'Aguilar Street,
(opposite Queen's Theatre).
1st floor, No. 74, Queen* Road Central. Tel. Central No. 1255. Optician.
Rond yet, trong hage Electrical Supplies.
in both hands, a Chinese who was
on his way to beard an out-going THE GLOBE FOOK CHEONG steamer, had his breast pocket ELECTRICAL SUPPLY CO., LTD. The next business of the Meetpicked and $2 stolen.. by a light
72, Queen's Rd, Central, ing is to elect a Consulting Com-fingered youth. He felt a tug on
Tel. C. SC7O. mittee which at present consists this pocket and immediately drop- of Mr. H. P. White-Sir Robert ping his luggage grabbed the Ho Tung and Mr. L. J. Davies, youth who promptly threw the who, being eligible offer them- notes on the ground. The would- selves for re-election.
be victim picked up the money and blew a whistle A detective
The came up and accused was handed
We have a large number of 2.90 p.m. native agencies in the provinces bordering on the Yangtse which carry stocks-of sugar and I am
Auditors. 1.30 pm. glad to say that so far we have
only received advice of 74 bags Matthews & Meaars. Percy Smith, Messrs. Lowe Bingham & having been looted. Although some of these Agencies have not Seth and Fleming are the present been able to communicate with us Auditors to the Company and for months, we do not expect to being eligible offer themselves for have suffered much further loss re-election. E
INOHARA
President Jackson
*Correspondence bearing vessel's name only.
as from the time trouble began
Other Business.
we decided to carry only light Sir Robert Ho Tung seconded. stocks at these interior Agencies. No question was put and the
Current Prospects Gloomy.
motion was carried unanimously. Other business transacted by the Prospects for the current year meeting comprised
The complainant was forced to! postpone his departure to give evidence before Mr. R. E. Lindael! this morning, but he had the satis- faction of seeing the pickpocket get six weeks 'jail.
As the result pf a loaded earth truck leaving the rails and top- are gloomy Prices of Raws Re-election of Mr. H. P. White, pling over at North Point yes have been gradually declining for Sir Robert Ho Tung and Mr. L. J. terday, a coolie was severely some months, largely as a result Davies to the Consulting Com injured about, the feet. He is of the state of affairs in China. mittee proposed by Mr. Ho How in the Government Civil Our selling organisation In the Leung, seconded by Mr Ho Hospital.
Yangtse Valley is disorganised. Kwong,
Our offices in Changsha, Ichang Re-election of Messrs. Lowe, and Shast have been closed for Bingham & Matthews and Mesars. several months and the staff who Percy Smith, Beth and Fleming aa
TO LET
handle the sugar business in Hananditors for the current year, at P. & O. BUILDING Commodious kow have been transferred to a fee of $750 each firm-proposed Onees TO LET, for particulars Shanghai Now North China by Mr. A. McKirdy, seconded by apply to: Mackinnon, Mackenzie,&
Co: also appears likely to be affected Mr. Choa Po-sien:
Engineers &
Shipbuilders.
W. S. BAILEY & CO., LTD.,
Engineers and Shipbuilders.
Kowloon Bay.
New Work & Repmizaji
****Call Flag "L" Sole Agents for Kelvin Motors.
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