THE CHINA MAIL MARCH 9.1938
Page
ANGLO-ITALIAN TALKS OPEN IN CORDIAL ATMOSPHERE Absolute Reserve Being Maintained For Present Survey of Ground ·RUMANIA POLAND
Covered
To Be
Made
Rome, To-day.
The Anglo-Italian conversations opened yesterday evening with a meeting between the Earl of Perth, the British Ambassador, and Count Ciano, Italian Foreign Minister, which lasted over an hour.
RECOGNISES
ABYSSINIA
Bucharest, To-day- Rumania has now officially re- cognised the Italian Empire.
The new Rumanian. Minister to Rome, will be accredited to the King of Italy and Emperor of Ethiopia Reuter.
RECOGNISES ETHIOPIAN CONQUEST
Rome, To-day. Poland has officially recognised the Italian Empire in Abyssinia.
17
At a state banquet in Rome last night, the Polish Foreign Minister,
NEW YORK STOCK Col. Joseph Beck, said: "I raise my
After the meeting a communique was issued stat-
ing, that a survey of the ground to be covered MARKET SHOCK
was made and the conversations will be con- tinued.
PORTUGUESE BUSINESS MEN AT LAW
It is believed that the next meeting will be held on Thurs- day.
Absolute reserve is main- tained in both British and Italian circles regarding the nature of the talks, with a view to not endangering their suc- cess by premature publicity. The atmosphere, however, is very cordial, while the Italian press is An alleged business partner-full of extracts from foreign news-
carried ship which was never out resulted
a claim for papers commenting favourably on $28,651.41 against Messrs. A. Fhat is described as the new turn B. Silva-Netto and Company, by British policy-Reuter. Messrs. Lopes and Alves, Limit- ed, the case being heard before the Chief Justice, Sir Atholl MacGregor, at the Supreme Court this morning.
in
EGYPT'S INTEREST
Cairo, To-day.
FAILURE
New York, To-day.
glass to their Majesties the King of Italy and Emperor of Ethiopia and the Queen Empress Helen."
Count Ciano, Italian Foreign:
the Minister, in reply, mentioned vital part Poland must play in Europe.
the western Powers. Reuter.
This is interpreted as meaning The firm of Richard Whitney that Italy will-support the inclusion and Company, a member of the lof Poland in any part reached with New York Stock Exchange, has announced its inability to meet its obligations.
The Stock Exchange subsequent- ly suspended the firm for insol vency. The firm was also suspend-" New by the
York Curb
ed
Exchange.
The senior partner of the firm, Mr. Richard Whitney, is 2 former. President of the New York Stock Exchange-Reuter,
The Egyptian Government has issued a communique revealing ruptcy petition he did not mention that Britain has assured Egypt, in anything about the partnership. This, accordance with the Anglo-he explained, was because he did not It was alleged by plaintiffs that Egyptian Treaty, that she will want to implicate Vir: Lopes and Mr. Alves. The document which he signed the claim was for money lent to
agree to nothing in the Angio was to protect Mr. Lopes and defendant company, who denied Italian conversations which might Alves and the interests of the com- that it was a loan but money ad-affect Egyptian interests without vanced for the business.
The Hon Mr. Leo D'Almada, Jnr.. represented plaintiffs, while defendant appeared in person.
consulting Egypt.-Retter.
FRIDAY'S DATE- Trans-Ocean adds that, the actual
Defendant stated that his defence negotiations will probably start on was that the money was not a loan Friday, after Count Ciano and Lord but a partnership account. About the end of July, 1931, he and Mr. S. Perth have completed the preli A. Lopes decided to enter into partner, minaries. ship. The partnership agreement was signed two months later, under the name of Silva-Netto and Lopes.
he
At the request of Mr. Lopes moved his office from Alexandra Build ing to Ice House Street, and after the agreement had been signed, Mr. Lopes left for Shanghai, telling him that Mr. A. S. Alves would also have a share in the trm, Mr. Alves was with the Union Insurance but he resigned in November and took charge of the finances and books.
Present at yesterday's inaugural meeting was Mr. E. M. B. Ingram, director of the Southern Europe De- Foreign partment of the British Office.
Owing to some trouble over a ship- ment of coal, on which the sellers ob- tained judgment, witness filled a peti- tion for bankruptcy on March 15,
1932.
The proceedings were, however, not NOT REGISTERED
carried on as witness and the sellers As the firm of Silva-Nettos and came to an agreement to settle by Lopes was not yet registered all con instalments. As a result of this action. tracts were made and signed in the witness had to pay out $108,000. Wit- name of Silva-Netto and Company. ness denied that the money advanced In December, 1931, Mr. Lopes reby plaintiffs was loaned to him, but
The sum turned from Shanghai and thought of money used in the business. rescinding the agreement and forming of $2,000 received from Mr. Lopes was 2 company of his own. Prior to that not a loan but for the purchase of his money paid by Mr. Alves and Mr good will Lopes was in the account of Silva.
PROFITS CLAIM -
Netto and Company, and at no time Witness added that the bulk of pro- was anything mentioned that the fits shown in the audited balance sheet money was a loan. There was no de of plaintiffs' company were the pro- mand until the writ was issued.
fits of witness's firm (Silva-Netto and
In 1933; defendant inserted an Company), and could not be the pro- advertisement in the press revoking the fits of plaintiffs' firm which was only power of attorney which he had given started towards the end of December, to Mr. Alves. Messrs. Lopes and Alves 1931. These profits resulted from the} responded with an advertisement that contracts of-defendant's firm The the he (Mr. Silva-Netto) had nothing books used by plaintiffs were more to do with their firm
books of witness's firm. Asked why he Defendant pointed that it was signed a receipt for $300 salary, wit inconceivable that plaintiffs should ness replied that he did not want to have advanced the money if they had implicate plaintiffs in his bankruptcy no interest in the firmn
BANKRUPTCY: PETTEION.
In the witness box defendant said he could not see any reason for the delay in registering the Company, but that they were all occupied with the business and working in harmony and It was just set aside.
petition
Cross-examined by Mr. Leo D'Alma- da, witness admitted that a promissory note for $7,300 which he signed in favour of Mr. Lopes was in connection with a private debt.
an
Witness also admitted, that in affidavit in connection with the bank-
pany.
The case is continuing.
Mz
-NEW AIR OFFICIAL APPOINTED
London, To-day.
It is understood that Sir Don- ald Banks will be appointed to the newly created post of Perma- ment Under-Secretary for Air. ⠀
Sir Francis - Sheimerdine will continue as Director of Civil Aviation-Reuter.
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