.
FRIDAY, JUNE 17, 1932.
KREUGER'S CONTINENTAL MATCH DEALS
DUMMY COMPETITIVE
OFFERS.
I
Personal Debt of £9,000,000 Eliminated.
MANNEQUIN PARADE AT SINCERE'S,
Gorgeous Display of Fashions.
A gorgeous gown display took
Further disclosures of Ivar Kreuger's secret match deals are given in the police report issued in connection with the investiga-place at Messra: Sincere's last tion in Stockholm.
It is stated that the French Match Monopoly took over the Lorraine Match Company without knowing that it was secretly controlled by Kreuzer.
A further allegation is that by manipulating the items of the balance-sheet of Krenger and Tell a debt of £9,000,000 due to that company by Kreuger was eliminated.
DUTCH COMPANY'S TRANSACTIONS.
Stockholm, May 4.... |
The Swiss Company. The first detailed report on the The Continental Investment Trust Kreuger affair was published to- was formed in Switzerland in 1923 night by the Police Commission in by Ivar Kreuger and his then pri- three sections, and includes state-vate secretary, Hoffmans, with a
!
night when a large crowd of people were entertained at a man- nequin parade.
THE CHINA MAIL.
PIRATES OFFICESTM NEAR SHANGHAI.
Government of China Powerless.
LATEST INNOVATION,
GIFT HOMES FOR ROMAN WORKERS.
Six Poor Families to Be Chosen Each Year,
Each year hereafter six of Rome's most meritorious poor fami- lies will receive free homes from the government.
Offices to facilitate the sale of stolen property and the payment of
The practice was started this ransoms are the latest innovation year by initiative of Premier Mus- of the pirates infeating the, water aolini. Brand new houses, modest Both Chinese and European ways surrounding Shanghai,
but embodying all modern facili- style dresses were displayed, also The pirates, who are now conties, were presented to half a dozen the latest things in bathing conducting one of the most daring and familles on Rome's 2,635th birth- tumea. Before the parade, ruthless campaigns in their day anniversary. speeches were made by Mr. Kao chequered history, are operating Any father who has lived in without Interference by the Govern Rome for 10 years and has three menta! authorities, who are power-children born in four years, is less to suppress them.
Sze-hang, Assistant Manager of the Mayar Silk Mills, Shanghai, Mr. Wong Kwong-tin, Chairman of the Chinese Chamber of Commerce, Mr. Leung Tin-mu, representative Lof the Chinese News Agency, Pro- fessor Wong Sun-yip of the long Kong University, and Mr. Ma, Manager of the Sincere Co.
Many fascinating creations were
eligible to enter the contests, pro-| Their activities have become viding he earns the family living bolder day by day and they have by modest and honourable labour. now sent representatives to Shang-
Of the six familles awarded the hai to keep them informed of the prizes this year one was of 11 movements of possible victims. children, one of nine, three of All water-ways within a radius seven and one of the fathers was of 50 miles of Shanghai are endana street car conductor, another a
ments by certain directors. Much share capital of 50 million Swiss displayed, some entirely Chinese, gered and it is almost impossible common labourer, yet another, a
officially franes, made up of one million in/others entirely. European, while for craft to proceed without im-teacher of drawing...
of
the cash and
ant.
1
':
A
minent risk of piracy..
The greater the number of chil- A startling feature of the situa-dren the more chance the family tion is that no efforts have been has of winning the prize. made to suppress the miscreants, medical examination of all mem- who, besides maintaining offices in bers of the family is part of the the surrounding towns, have also proceedings in sifting the appli established camps and look-out cants. stations along the water-waya,
to
"Protection Fees,"
Rome's birthday falls on Apr}}| 21 and on that day every year the houses will be turned over to the winning applicants..
A group of merchants recently chartered a Chinese naval launch
convey a boat-traïn carrying The government has suggested £20,000 worth of merchandise and that persons or concerns in a post- treasure. The crew of the launch. tion to do so, follow its example, machine-in order to benefit a larger number although armed with guns and automatic riflea, capitu- of the deserving needy, lated without a fight when a pirate junk appeared. The merchandise and treasure were stolen and, in addition, all the children in the
boat-train were abducted for ran-|
of the information now
some were a combination of the made available has already appeared cash, nine millions in cheques and two, producing a delightful effect. a Swedish Match Soft colours and slimming lines, in the Financial Times, but many 50 millions in other transactions are now brought promissory note issued by Kreuger with flared skirts were predomin-
When the Swiss authorities were to tight.
Of the three assistants of Ivar satisfied that the share capital had
A variety of bathing dresses Krauger now under arrest-namely, been fully paid, Kreuger returned to which augers well for the popular- Lange, Holm and Huldt--the latter, Stockholm with is stated to have been allotted the cheques and the promissory note, ity of the bathing beach this sum- task of inducing independent match the note being deposited in the safe mer, were shown, aleo striking models of beach pajamas by factories in Belgium and France to of the Swedish Match Company,
"Richelieu." There lovely designs join a small trust purporting to be As bookkeeper, Holm is alleged to
are of heavy crepe de chine, three independent of the Swedish Match have posted all the books from piece design outfite. Company. For this purpose the memoranda prepared by Kreuger, The culminating display was a
WAB Kreuger and Toll Assets, Amsterdamsche Maatschappij formed in 1925.
The police report gives a detailed gorgeous white georgette wedding This company acquired the shares explanation as to how Kreuger's dress. The "bride" wore a shell attended by a bride's numerous independent match debt of about £9,000,000 disappear pink veil, companies, owners of which were ed after the 1930 Kreuger and Toll maid dressed in pink georgette,
The parade will continue until quite unaware of the Amsterdam balance-sheet had been made up. Monday and will be held at noon, company's association with Kreuger. The balance-sheet is stated to have!
In 1926, Kreuger decided that been redrafted three times, in the 2, 4, and 7 p.m. daily.
som. which Kreuger's debts All the dress materials shown in with a view to enhancing Huldt's course of
the display are manufactured by prestige it was necessary to make showed sundry debtors and syn-'
the Mayar Silk Mills. him a bank director. Thereupon disappeared. the Netherlands Bank for Scan- The final balance-sheet for 1930) dinavian Commerce was formed, dicate participations totalling 144 The preliminary which never did any actual business, million kronor. with a view to providing Huldt with balance-sheet had showed this as 230 millions, and the item was re- a platform.
duced to the final balance-sheet- Competive Offers. Huldt's tactics, it is stated, then figure by depositing various sums changed. He had already acquired through the different companies" control of many Belgian, and French books,
Thus the Banque de Suede et factories, but he went to others offering them terms, which he made Paris was debited with seven dif- totalling £1,000,000, high to casure non-acceptance, for ferent items
London, May 8. joining his trust. Ivar Kreuger which were credited to Kreuger's
The first fare-paying passengers followed this offer with better personal account, while the Union terms, which the outsiders invari-Industries A.G., Hollandsche Koop-to fly from South Africs to Great ably accepted, not realising that all mansbank, Societe Financiere Suisse Britain arrived at Croydon to-day the offers came from the same et Scandinave Standard Trust and in the Imperial Airwaye liner
the Finanzgesellschaft fuer In-' Hercules. In 1929 the Amsterdam Company destrie were debited with a total of There were 20 passengers from was liquidated, as its match hold £1,750,000, which was also credited various points on the route, but only
one had flown the whole way: ings were gradually being sold to to Kreuger.
The Dutch Kreuger and Toll Henceforth ordinary fare-paying the Swedish Match Company with-
source.
the
*
CAPE TOWN TO CROYDON BY AIR.
First Fare-Paying Passenger.
The pirates have demanded "pro- tection fees" from boat-owners, but this system has not proved success- ful, as the free-booters lay. little store on honouring a "gentlemen's agreement."
GRANDMOTHER'S LUCK IN CASINO
While Beauty Loses Steadily.
Two strangely contrasting types of women gamblers have recently The marauders have shown little been arousing the greatest interest! discrimination in their selection of among the crowds that daily throng captives, for among their prisoners the gaming rooms of the Casino are destitute rag-and-tattered re- in Monte Carlo. fugees from the "war areas.”
Over 450:Candidates for Examinations.
Simla, May 5. As there are over 450 candidates! for the entrance examination for
The first is a disturbing
and éxotic creature. She has long The pirates take as much loot as they can, no matter how valueless slanting eyes which betray no hint It may be, and many a person has of her real feelings. She is always been obliged to strip because his dressed quite simply in black-but or her clothes have caught the her clothes obviously come from one of the most famous Paris fancy of a roving, oye,
houses. From a long holder of INDIAN SANDHURST. jade she smokes cigarette after cigarette and gives no sign of emotion whatever her luck may, be.. Sometimes she has been known to lose at a single sitting what many people would consider a for- tune without the flicker of an eyelid. out the slightest regard to the other, Company's debt to Swedish passengers will be carried in both
She near speaks to anyone. shareholders in the companies con- Kreuger and Toll was reduced by directions along the whole 8,000
Nobody knows who she is or where cerned.
posting £7,000,000 of forged Italian mille route. The single journey, the Indian Military Academy, it she comes from. When she is ready The police report also analyses bonds to the credit of the former.
Toccupying 11 days, will cost £180 will be impossible for one Interview/ to leave, & long shining black) The police state that the auditor per head. the affairs of the Lorraine Match)
and Record Board to examine all of limousine is waiting for her outside the Wendler which
tool in Metz,
the Casino-and she is swept| Company, of
them since this process would oc Amsterdam Company secretly con- Kreuger's hands. His great per--
majestically away--nobody knows trolled. In 1931 the French Match sonal admiration for Kreuger cloud (Continued from previous Column) cupy more than a month. Monopoly announced its intentioned his critical faculties, leading him Samuel Untermyer, is on his way fore, proposed to establish an Ad-
It is understood that it is them whither."
The second engima of the tables to expropriate the Metz Company, to sign documents on Kreuger's here in order to look after the
18 a little "granny" type of old lady. interests of American victims of mission Board working in panels This wizard scrap of a woman has offering Frs.4,000,000 as compensa-word without any investigation. tion, plus Frs.400,000
under the general supervision of the the Kreuger debacle. stock acquired.
The Social Democraten states Public Service Commission, which wisps of thin grey hair strained that Mr. Untermyer is representing will interview the candidates and back from her forehead.
dresses shabbily in black. On end- no less that thirty thousand Amer- decide which of them are most less sheets of paper she makes com- ican shareholders in the Kreuger suitable for the post of commission- plicated calculations in the seat undertakings, who have formed a ed officer in the Indian Army. Only which she always occupies at the Press reports protective union under the leader those accepted by the Admission tables. As each number comes up. the well-known American lawyer, ship of the former Secretary of Board will be admitted to the writ she makes notes-evidently working State, Mr. Colby,polnog pa tako tan examination alena nata in eout some elaborate "system" For
for the
The French Government paid this sum to the Metz Company without! benefit the Amsterdam Company knowing that the money would and ultimately Ivar Kreuger.
int
False Contracts Alleged. Huldt la farther accused of hav-) ing signed deposit receipts for docu- ments the originals of which never existed. The receipts were respect of the following:-...
Contract between the ·Inter- national Match Corporation and Poland for a match monopoly;
Monopoly contract between Spain Investment and the Continental Trust;
Certificate covering 270,000 shares In the Italian Fabricche Riunite di Flammeferl; and
Certificate covering a large hold- Ing of German Dye Trust shares as well as 400 million franes of French Rentes.
All these contracts were supposed to be held by the Netherlands Bank for Scandinavian Commerce. Holm asserts that he never received, pay- ment for his services as director and bookkeeper of N.V. Kreuger and Toll of Amsterdam, Kreuger stating that the work would require only one week annually.
No audit of this company's books was ever made, though the Dutch income-tax authorities examined the 1927, 1928 and 1929 accounts.” The books were written up once yearly on the basis of Kreuger's personal memoranda,
De Ma it is obvious that these trans actions would have been impossible If Dutch Company law. kinde villóns for the adequate audit of the books of joint stock companies
W18
a mere
THE KREUGER AFFAIR.
American Interests,
According
Stockholm, May 28,
to
(Continued in. Next Còlumn.)
ROYAL IS ECONOMICAL
ROYAL FACILI
ROYAL
BAKING
Byld
DWDER
The cost of baking powder used in the preparation of a cake is insignificant compared with the cost of the other ingredients.
The difference saved in using a cheaper baking powder in preference to ROYAL hardly compensates the housewife
"more expensive
for the risk of spoiling the other mo
gredients. The saving is a fraction of a cent compared
to the spoiling of fifty cents to one dollars worth of
butter, cggs,
ROYAL IS INVARIABLY BEST
ISHONG KONG, I
She
Hours at a stretch this goes on and the old lady will not make a single stake.
Suddenly, she places the maxi- mum sum upon a certain number. And she nearly always wins!
Then gathering up, her winnings, she hurries away, passes into the outside world and is not seen again
until the following day,
A PROUD INDIAN.
Moustache Measures 34. Inches.
Zamanetki dan athle
General Nagaoks, ex-President of the Tokyo Aeronautical Society, who, It will be remembered, greet- ed Miss Amy Johnson with a ki on the completion of her London Tokyo fight last year, can no long- er hoart that he is the owner of the world's longest moustache.
It was stated at the time that the gallant old warrior's moustache measured twenty Inches: from tip-to tip:
unagadh corres-
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1932 UNITED ARTSIS PICTURE
SINCLAIR LEWIS'S GREATEST
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GOLDWYN'S GREATEST SCREEN ACHIEVEMENT.
HE FOUGHT FOR MAN. and fostawoman!
Noory. No
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SAMUEL GOLDWYN RONALD
COLMAN ArrowsmITH
HELEN HAYES
FROM THE NOVEL BY. SINCLAIR LEWIS
A JOHN FORD inserzní...?” UNITED ARTISTS-PICTURE · ·
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