THURSDAY, JULY 24, 1930..
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THE
CHINA
MAIL.
| MISSING PAGES FROM was found on the floor, and that
ACCOUNT BOOK.
Company's Allegation of Fraud.
DESTROYED MACHINERY.
Replying to the Asiatic Insur- ance Company's defence that the premises were used as A motor garage, in the case in which Kwak Ku-loong (trading as Tuck Lee and Co, Singapore, are claiming from that insurance com- pany $21,000, the sum for which plaintiff's factory at Outram Road was insured, Mr.
H. Eattishill said that in a photo graph taken after the factory was destroyed by fire two lorries were shown. One had been backed up
against a platform in the ice fac tory portion of the building; it had been backed up there pre- paratory to being loaded with ice. The other lorry was a little distance away.
at
The fire happened between two and three o'clock in the morning People who sold ice began bus would be that they started ness very early, and the evidence about lorry was about to be loaded and that time. and that one
the other was awaiting its turn when the fire broke out.
The only man actually on the scine was an ollman working in the ice factory, and he would des- cribe what he knew about it. He did not see the beginning of the fire, which was started by the falling of an oil lamp.
There was another matter, pro- creded counsel, and that was that at the time of the fire there was a car in the vermiceli factory portion of the building. With re- gard to that, it would be stated that it was an old car undergoing repairs, and that its engine bad been taken from it; there was no petrol in the car.
near where it was found the build. ing was most badly burnt.
Hla Lordship: Was the beam burnt through?
Witness replied in the afirma tive.
to
His Lordship pointed out that the burning through of the beam might have caused the lamp fall, and added: "Witness forms the opinion that the fire was caus- ed by a falling lamp because one was found on the ground, near a beam from which it had been hung and which was burnt through."
The plaintiff, giving evidence. said he insured with
the defen- dants in consequence of visita by one of their agents. All details were discussed with the agent. The defendants' manager, aa wit- ness was at the time informed he was, merely visited the place, after the agent's visit, had a look round and went away.
SUNDAY AT OXFORD.
Why Undergraduates
-
Are Bored.
In an obviously satirical article on the observation of the Oxford Sun- day a writer in the Iais, the University journal, says:
HONG KONG STOCK EXCHANGE.
Opening Daily Official Quotations 24th July, 1930.
STOCK
Banks.
[Buy-Self-
Sales Nom Pin
on
Las dividend and when paid
ם
T
Hong Kong Bank....1515 Chartered Banx Mercamile Bk., A.;
Hank of Asia
"
Insurances. Canton lou Union Ins.
C.
Deanerin ga kặt visi
Pending
. 1/3-810.43 tree Iflax a/c 1, 2, 80
Deel bonn dit
ale og fax... Apr. — 20
... 13.15
IT!
The.Min. 9.
191
| The. | $5 für 1920...·***
***
016 195
-140
"Four years ago a June Sunday meant an age af riotous freedom, to be spent in harrying cattle, plundering the maternal moor-hen or worrying somnolent farmers. One ate illicit teas in remote cot- China Underwriters ... 2.5 tages, scaled ferociously-wired
China Fire In... NOO Fances rivera...
of basked by sedate
H. K. Fire Ins.....$055 "To-day the vast majority of undergraduates retire with oils to
Shipping. ́a sort of weekly hibernation, given
ingredients varying with the rature up to sleep, bridge, drink and de- pravity (the proportions
of the individual).
of these
Douglases
$25: H. K. Steamboats ...$19 Indo-China (Pret.) ...$ (Def....$
Shell Transport | Union Waterboats...
Plaintiff's Account Books. plaintiff, continuing his evidence Replying to Mr. Justice Stevens,
this morning, said the reason why he was unable to produce vouchers to support lump-sum entries, in his books, of the cost of erecting machinery was that the entries were made montha various items of expenditure were after the
incurred, when he had decided to adopt a more satisfactory account-ciples alone endeavour to brighten Langka.......... ing system, than previously he had the tadium of the day with an in- adopted.
creased allowance of food In Hall.
After making the entries of his
total erection coals, he had destroy
ed the vouchers.
"Matutinal sleep, the poor man's Sabbath solace, is denied to those of us who are constrained to keep chapel or roll calls; there are no cinemas, no theatres, few concerts, spasmodic games. College man-
pearance of
Absence of Things to Do thronged with youths nping the ap- "For the rest the streets are
Replying to Mr. E. A. Stevens,
undergraduates, and
behaving with whom appeared Mr. D. Kundergraduates
rather Walters, counsel for defendants,
worse than the hooligans they affect witness said his account books
to despise, from 1924 to 1923 he had destroy- éd. There was no carry-forward Into his 1929 accounts of the value of his assets.
Mr. Stevens: How are we to know the machinery for which you claim is yours?
Witness: I have a receipt for what I paid for the factory. It is with my lawyer.
A receipt for $8,000, dated in 1927, for the goodwill of the ice factory was produced.
Mr. Stevens: I thought you bought it in 1927.
Witness replied that the docu- ment dated 1927, which he produc. ed, was an assignment drawn up in English by a lawyer in 1927, from a translation of the actual deed of sale, which was in Chinese, and dated in 1924, the. actual year of the purchase,
The case is continuingStraits Times.
LARGER "SHELL" PROFITS.
the
Ав
"It is this absence of things to do that causes spasmodic outbreaks of vice, this is responsible for the week-end intoxication of Oxford. For you must remember that these young men do not work, that thers fore mere surcease from toll is in 1tself no satisfaction for them. They must; in fact like children at a party, be kept amused in order to
them prevent
from breaking things... F
The writer goes on to suggest that "the various societies with which the place is seething should be compelled to give evidence of existence.... Everywhere let the Lansbury spirit arise and sing."
EXCHANGES
TO-DAY'S QUOTATIONS
On London- Bank, wire
4
monta
1/3 Bank, an demand 1/3/8 Bank, 4 months' sight 1/3 4 Credits, sight Documentary, 4
months' sight
On Paris-"
Benguet
Mining.
Kailan Mining Ad.
**
Decimal 19+ for 1121"
Fab. 28, 30
May 16, 89
Doo Stent #fu
futaria 34 / 14.
Dee. Nous
¿Final B bonus $1
May 30,00
**
Dec.
for 12,
Interim 41
Dee. Í for 183
Dre. Love dridhemi far 122k...............
Dec. 1-4 for 1923
1. ex. 21. preferred
...! May 20,80
Mar, 18,80
diar. 4,80
49
1 for 12amid 1995)
June 19,29
M.
... flo *** 04/4
Des
Last distend for 1875
Deo,
far for
15. Coupon No, 14 free)
July 8, 80
.... 132
34/3
Dre. $130 for 2020. Mar, 10, 80
e.Interim 15 centavonajı tam...., Apr. 30 June Cup Na, 81-350) June-80
Interim i fron as Oct. 8 for year M-10# Dee
D.' Internr. 1.2. Nội D
J
www
T. 81
MI
241
S'bai Exploration...Th. 1.30
Loans... J
Tronah Mines ......... Raubsu.
Docks, Wharves, Godowns, &c.
18+
H. K. K. Wharver..$168) H. K. & W. Dock....5 V China Providents.....$5.83 Hosgkens... TL. 200 N. Engineerings...The Shanghai Docks...The 124
Landı, Hotels & Building..
H.K. S. Hotels...$11 H. K. Land........ Shanghai Lande ...The. Humphreys
H. K. Sealtim Chinese Estates
Colton Milla,
May 8, 80
July 1, 30
Mac.THAL / year 31-2-3)............
Juno 19,30
*
The Enterzis fill love tox
Mar. 31,50
++
6.80/15)
་་༅་སྐུ་
10.10/
..5 85 8
... 10
Ewo Cotons. T. 11.30
Shanghai Cotton .Tis,
Zong Sings ....Th.
Public Utilities.
H. K. Tramways Peak Truma (old)
++
$23.00 12
(new)
Star Perries China Light (old) (new)
H. K. Electrics Macas
S'poreTractions(Ord.js/-
01
:་ྒུ: ྗ::
JIK
1990
Ben for p
Mar. 19.30
Dec.
Lust divblent for Lemon
14-0.
Mar. 31, 80 Feb. 24,80
Irst silvident fair 1991...................... The.Plad T. 12 m/c 19%
Dec. T. feve 193)...... Apr.T.7 for you? 20...
Fending
Pending
Dec. 80 rents far.1979...
Deo. Interim T. 3 A/C 1990 Dec.&cunts for 1929.
Dec. Final 10 centy as
Apr. 7,-80 Pending
May 7, 80
en blar. 94, 00 July £1,80
445
**
Fab, for year 25-30
Dec. Final T. fc 1929 Mar. 17,50 [Apr.
conte
Doc. tit. (10 cents / Hec. I. atfu HAS BEEN
Habject intume lax..!
18
A
Oct
and T.-15 nuw
17.3-23 at for half your
Jaket
May 28,30
13.
TO
Juno T. 683 for year 30-6-23....
Oct. 11, 99
Dec, Pical Stres / 182
Mar. 18,31
Apr.
160 unnu
50 ct. on oldj for year
S
Jane 16,30
68
Deo. $4 for 1029ers
Feb. 24, 80
27.80 97.10
221
Sept. Fot. cl. ade 75. 20-0-90....
May 19, 30
78.
Doc.
$50 for 19
Mar. 19,90
... 94
Dec
4
months'
sight
1/3 13/10
1/3 15/16
780
820
Santakor Lights
Nye
H.K. Tch. fully paid $
part paid $19
J2}
Pending
China Buses, 18
Feb. 26, 20
10-
(Pref.)/-
18:0
Sept.
fan preference anal
Feb. 6. $
Industrials.
30%
China Sugare
daya'
Malabon Sugais...$
... 27
31%
Cald: Macg. Ord...
[10]
Fref...Tia
PA
10.40)
85
Canton losgned
July No
85
12,85
On Calcutta-
(old).....$
85
H. K. Rope $ 12
85
19
541⁄2
Stores, &c.
61%
Tls. 83 11% die.
·Der A Wings
62
+
(Bank's
1/3 %
'Allegation of Fraud, Proceeding. Mr. Battishill said that defendants asked plaintif for the discovery of his books re- lating to stock, and then, because they were doing their best to avoid settling up, made deliber- ate accusation that the books were fraudulent, basing that ne cusation on the fact that a num ber of pages had been extracted. The explanation of those missing pages, Mr. Battishill said. was perfectly simple. Plaintiff was a Chinese running his own business in small way, and he used an The accounts of the "Shell" old book, tearing out some pages Transport and Trading Company that had been used.
for 1929 show a net profit of Counsel submitted, with regard £6,483,387, which compares with to the charge of fraud,
that as £5,447,894 for 1928. The com- far as the ice factory was company's profits depend on cerned the books did not purport dividends declared on its Invest On demand to show the machinery purchas-ments, and the directors are satis-Credits. ed; all it showed were purchases fled that ample provision for de- and sales. As to the books re-preciation has again been made by Un New Yor lating to the vermicelli business, the companies in which it is in- On demand which had not yet been started terested.. It is on this basis that Credits, 60 when the fire took place, they the accounts are presented.
sight showed details of the machinery, previously announced, the dividend |· · On Bombay-- As to the value of the machinery for the year on the Ordinary Wire that had been destroyed, expert ahares (including the final pay- On demand evidence as, to value before the ment of 15 per cent. to be made on fire was, counsel submitted, admis-July 8th.) is again 25 per cent, Wire aible, and evidence would be called. free of tax. After allawing for On demand
Mr. George Watt, a consulting this dividend and also for the Pre- On Singapore- engineer, called by plaintiff, sald ference dividends, the carry-for- | On demand he had known the Outram Road ice ward is increased from £237,604 to On Manila- works, the subject of that suit. fox £240,650. The Ordinary share On demand 10 years, during which time he had dividend absorbs more (£6,030,340, On Shanghai- acted as visiting engineer. After against $4,995,902), there having On demand the fire, on instructions, witness been issued at. pax (£1 per share) Dollar visited the works with a view to during the year 8,983,754 Ordinary On Yokohama--- forming an opinion of the value of shares to holders of Ordinary On demand the factory. In assessing the shares at January 1, 1929, while Sovereigns vermicelli machinery at $18,000 150,000 Ordinary shares were buying rate) and the Ice machinery at $25,000, fasued and sold in Paris at a pre-Silver (per oz.).... 16 1/16 witness was asalsted by his know- mium, after providing for ex- Bar Silver in Hong ledge of the thing he was valuing penses, of £527,444, which the Kong before the fire occurred. A year directors have added to reserve Copper Cash prior to the fire the vermicelli account,
Copper Centa machinery was there, but witness The total of the balance-sheet Rate of Native In- did not see it in use.
shows expansion from £38,859,590 terest to £44,688,109, the issued capital being 31,121,361, as against £26,987,607. The main increase on the assets side is shown in the in- veatments item, which appeara at
Fire Brigade, Officer's Evidence.
Mr. A. Platt, second engineer at the Singapore Fire, Brigade, was called as a witness, When he said that he formed the opinion that the fire had been caused by the falling of an oil Tamp, which ap- parently had been hanging from a nail driven into a beam, his Lord- ship asked how he arrived at that conclusion.
Registration July 29, 1,45 p.m. Letters Hal Ning,
2.30 p.m.
$10,462,500, 2 p.m. President McKinley 4.80. p.m. JULY 30.
Feo Shing
Swatow
Amoy
Tai Yuan
Superscribed
correspondence only.
8.80 a.. 5 p.m.
Witness repiled that the oil lamp
...
against £6,627,101. These investments are carried at, market prices at December $1, 1929, or under. Property account, being holdings in and advances to. aundry companies at cost or under, shows little change at £26,613,309.
2% dis. nom. Nominal.
Cement (comb.) ......
M
United Asbesto
Dairy Fum. 25.16
Watam..................
Lane Crawfords Mackintosh
Sinceres
Win. Powella
Miscellaneous,
18
H.K. Amusement...$95 Ch. Entertainement...$
1
ཝ; ཛ ནམྷི པི
***
Apr. 11,
In Linklaten
Dec. PA, 1 for Pa
0,60
Doc. votis 19 Apr. 80, 80
Deo. (2) calon for 1992. Afar. 19, 80
Deo. Last dlristend for 1996
(23.18
... (12)
L
1++
Mar. 14, 09
Deo. $1.3 for 19
Oct. To contefur your 37-1-2 Mar. 81, 50
Fab. La divlend for year 33-244 Feb.
furen DLT) in May 15, 80
12.95 Feb. 24 cents for year 28-2-29
Jan Preferred for year? Mar. 11.50. Defortal did July 25, 2
...1LBO
Delta
10
8% prem.
H. K. Contruction..$ B. Ind. G. Bonds... H. K. Gart, Loans...$
11.90
Duc.) None
61%
Intermi, hali yati!.mum
4% p.a. Chinese Sub. Coin 232%, dir. Hong Kong Sub. Cola Par.
LONDON EXCHANGES
Paris New York Brussels Geneva Amsterdam Milan
Rugby, Yesterday.
123.6 (7) 4.86 (?)
Stockholm Copenhagen
16.09
18.16
34.80
Oslo ... Vienna.
18.16
Lisbon Athens Bucharest
25.03
Prague
12.09
2
Helsingfors Madrid
84.436 164 1/16 193 42.25
June 10, 19
108.25
375
$18
5%
Rio
Buenos Aires..... 404 (Root missing.)
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YES-M COUNT DE COUPONS. VALET AND
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