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Should Consul-Gen Appear In Court?
The question of whether
Consul-
CHINA
Established 15es
THURSDAY, OCTOBER 27, 1955.
SHEAFFER'S
ADMIRAL SNORKEL
PEN
WHERE ARE THE SHARE MARKET'S
Lady Limerick SIDE GLANCES
Meets Red
the Norwegian Cross Workers
General in Hongkong was Hable to appear in a Hong-
kong Court to give evidence
The Countess of Limerick
in a case was argued before met members of the Hong-
Mr W. F. Pickering at Cen-kong Branch of the British tral Magistracy this morn- Red Cross Society, in
ing.
certi..
the
presence of Lady Grantham, their President, at Sandi- landa Hut this morning.
the This argument arose al beginning of the case against a in nileged to merchant, who have forged Hongkong General
Latty Grantham extended Chamber of Commerce heals at
and seals of appreciative welcome origin; the Consul of the Norwegian Consulate,
and the
kong.
on
Royal half of the Red Cress workers,
General Chamber of Commerce.
After hearing arguments
for J.W.D.
Hobely
Mr
the
art be-
Limerick and Miss E Bork, and sald it was an in- the interest
to Lady
Heal Hongkonspiration to have
by and advice from Headquirters
50 far away in London
Restanding, Lady Lumerick declared that it was a plensure of the opportunity have
branch workers of meeting whose works were followed with the closest and deepest in- They terest at Headquarters.
all that
Crown and Mr Lawrence Leong for the Defence, Mr Pickering reserved his decision until this afternoon.
Defendant in the case is Chien Kwan-yth, als K.Y. Chlen, 40, General Sola
of Proprietor
003, Room Supply Company, Kwok Man House, Mr Leong is Instructed by Mr K.Y. Yung.
of Commerce
01
THE CHARGES Defendant is alleged to have forged documents purporting to be Hongkong General Chamber
certificates origin on June 15 for 98 rolls tons vi containing 24 metric
Nor paper of newsprinting weglan origin; (or 60 rolls con- taining 15 metric tons of news- printing paper
of Norwegian origin; and for 48 rolls contain- ing 12 metric tons of newsprint- ing paper of Norwegian origin.
is 2150 Но
charged with forging seals purporting to be the seals of the Consul of the Royal Norwegian Consulate, Hongkong, and Hongkong Gen- crul Chamber of Commerce or about June 11.
Defendant $2,000.
on
19
ότι
bail
of
Mr Hobley before he opened the cane the morning nodd that one of the witrinaca, Prosecution the
Norwegian Connal-General, we not willing to come to Court to give evidence in the case at he had been informed not to by his Foreign amce.
Mr Hobley submitted that under between Convention the Consular the United Cardo Government and Norwegian Government of 1951. it was lawful for hin Worship to decide whether to hold Court at the Norwegian Consulate.
he very sold that Mr Leong strongly objected to this application Autonitting that as far on he was wwere this Convention had not been adopted in the Colony
In any event, he said. maltern governing diplomats and commits in the Colony were regulated by the Conmilate Privlieges Ordinance and the Diplomatic Privileges Ordinance. "It seems to me that the Consul- General's refusal to came to Court to give evidence was because of his claim of diplomatic privileges" sald Mr Leong.
would be below the dignity of this
that
were impressed with hnd teen
pchieved in
a very steady, un- short time in the
Rel ot the spectacular way Cross, with the characteristic mutual aid t was prepared to give throughout the world.
had
Lady Limerick Earlier visited the Red Cress office and Clothing Store, accompanied by Mrs P. C. M. Sedgwick, Deputy Director and Mrs M. Strathie, i Headquarters Field Ofeer.
Mrs
freeted D. C. Trench Lady Grantham upon he rival at Sandilands
T-
"Hello Uncle" Greeting To Governor
the
"Hello
small
9-20
T. ALADE V. 1, PROFE Capr. 100% By REA Baciles, be,
By Galbraith
"Bay, there's some roat people at our school play this
year-not just papas and mamas!"
Expert Envisages Big Future For Hongkong Tourism
MISSING
MILLIONS?
4 Vital Influences
BY A SPECIAL CORRESPONDENT
ALLEGED BANKNOTES
At the end of July, the Hongkong Stock Exchange was riding the crest of a spectacular boom. flooded with orders and shares were being bought and sold at the rate of $14 million a week.
Ice House Street was CONSPIRACY
Today, the weekly turnover averages less than $4 million --which means that business has fallen by roughly $10 million a week in a little over three months.
today?
Why? And where are the share market's missing millions
an
OT
Seven persons appeared before Mr Hin-shing Lo at the Central Magistracy this morning charged with con- spiring together to utter forged Thai banknotes with intent to defraud.
Deferidants were Yin Chi- Bonham into even more pro- officials considered the effect aỳick, 40, broker of 71 has gone
Chan Wal, To answer these questions I
trade Road, ground floor; of more sudden members table
potentially
expansion
of 197 West spoke to six leading
Now of Hongkong's busines9 com-profitable ventures than shares.would have on the Stock Ex-31, unemployed
But it is the absence of the change. A sudden disappearance Street, Cheung Sha Wan
Yau- munity Including two bankers,
Kowloon; Shu that of speculative money, they fell, Village, fact operators the big managers, Lwo company
catted n
serious lung alias Bernard Kim Shearon, official of the Chamber of Com-the men who spent hundreds of could have
no crash. of dollars Are no
32, accountant of 246 Fa Yuen leading share thousands and
Their intention in raising longer supporting the market
--that has
the borrowing rates and dampening Street, third floor; Cheng Kung. caused (a)
oľ 187 West therefore, was to 48, unemployed Individually their reasons alight recession in prices
and speculation, collectively difer slightly, but
the relatively much greater apply the brakes to the boom Street, Cheung Sha Wan Now (b)
gradually. This
Ying- would draw Village, Kowloon; Chi fall in turlover. this is the answer they gave:
from the share ching, 33, clerk of 260 King's money away It would, however, be wrong market and bring about a gradual Road, second floor; Lee Chung-
market
merce broker.
The mising of the Big Three banks' borrowing rate has succeeded in cuminat- ing share market speculation.
Less money is coming int the Colony from South- casi Asia today-particularly the Vietnam-than in South Arst half of this year.
More money is being put into land in Hongkong. More money has been in vested in trade expansion in recent months.
At the outget it is important
there has been
no of capital from the Colony. The two bankers were on this point. on plans which could treble the Colony's tourist industry. quite emphatic
Tourism is already one of Hongkong's most lucrative there had, it would have been in the open market Interview before reflected дп
American industries, Mr Patterson said leaving. At present 10,000 tourists from the United States exchange rates
little change in recent months. visit Hongkong each year and spend more money here than dollars which have shown very
the UK, Mr the whole value of the Colony's exports to
Second Barometer Patterson said.
Mr William D. Patterson, a special adviser to the US Government on travel and tourism, left Hongkong this to stress morning after a conference with the Governor yesterdaylight
the
at
301
There is another barometer
share Investment -- it is more difficult to
thore Again
does not
share
to describe this as
In fact, it is nothing alteration in the pattern of in-ying
vestment in the Colony.
is what And this
has hap pened in the last three months. Successful Move
alias Lea Yung-po, 37,
Chan
of 10 Wang Cheong manager Street, second floor; and Hon-hau, 26, merchant, residing at Room 512 United Building, of Indonesia.
"slump".
The market has of the kind,
to
what simply returned
regard businessmen generally as a "more realistic and sensible as it was in
The first defendant is addi- level of activity," the days before the boom.
posąc It is difficult to say whether tionally charged with One businessman described it
action was directly ❘sion of 48 forged banknotes the banks' this way: "It is a normal re- action after a period of activi- responsible for this change or without lawful authority or ex- considerable cuse, purporting the same to be bank- ty, though
He con- impetus to a trend which had genuine 100 Baht Thai
Either way, notes, knowing the same to be tineed: "It is not reasonable or already started.
Big Three
forged. however, the logical for the Stock Exchange claim that in so far as the shore
be
at retained
high
market is concerned their move The second and third defen
danis are also additionally pressure continuously. It seems has been successful, that buyers are now satisfied
This article has dealt solely charged with possessing respec with their investments and are with the main reasons for the Lively 50 und 392 such bank- waiting for developments."
decline in share market activity, notes.
rate was way the bank whether it gave
to
can
Little has been said of the fali
This
more, and
terson added, few people realisedylolds have declined to a level coming in that it had opened 15 the conclusions no far presented Radio Hongkong
II.K.T
Stock
6. Time Signal and Programine Market Report; 0.00, Jazz Hell Hour pro- * sented by Robert Acheson (Studio); 0.30, Portuguese Half Hour (Studio): But if the new pattern of 7 V.0.A. Hit Parade; 7.50, Th investment is confirmed in the the Musical Play by Oscar Straus Chocolate Boldier" Excerpts from coming months, it will probably singers
Ayars, including be regarded as the first step to Charles Fredericks,
Summary: 0.63, A First Step
Less Coming In in share prices, which have not The filth, sixth and seventh are represented by been affected to anything like defendants A seven-year-old girl from a
Another reason given is that the same extent. In fact, the Mr J, M. D'Almada Remedios of poor family in Kowloon looked
in many the other four defendants are not up from her bed in the Latchikok
Colony from less money is coming into the depreciation in share values has D'Almada Remedios & Co., while
Southeast Asia, boen o This hospital this morning into
is largely because the cases, much less than nine or represented. eyes
of the Governor of Hong-
nuthorities in Indonesia, South ten per cent,
DSI Fergus, prosecuting off- possibly another kony and murmured:
the Philippines Vietnam and Uncle,"
taken more stringent reason for the present inactivity,etr, asked His Worship to re- art possibilities Alexander Granthum,
He said that he found His
not tallen mand the defendants in Police But the Sir
Share prices have have Sir
to halt the flight of Alexander
measures The touched. through the hardly
figure Excellency who was passing
low enough-and consequently custody for two days for father titter ward, laughed as a
should be 30,000 at the very Grantham a very well informed overseas TB
capital from these countries.
ylek's havo not risen high enquiries, and opposed Mr Ro authority The
on the subject, and though the ward.
ery least, he said, passed round.
A Low months ago, one big enough to attract buyers back malo oppilation der ball could say definitely that he was guuge. little
His showed girl then
into the market. sympathetic appear to have been any marked Chinese bank in the Colony re- Mr
is Patternon
Associate interested in and Excellency
book, her picture
It is hard to be dogmatic on ported that so much money was increase in recent months. of the American to the possibilities of tourism."
Hongkong However, and as he left the ward waved Publisher
Generally, however, Mr Pat- and said several times "Bye, magazine Saturday Review; its
tentative and are new accounts with an initial de- |---many are posit exceeding $500,000 in the based on what may prove to be bye Uncle-bye, bye, bye, bye, chief foreign correspondent in
Europe and Latin America; and the tremendous proportions and which places them almost on
મ a fortnight. How only temporary conditions. Uncle."
American par with those overseas there- period of the Special
of possibilities member
may logically be a many millions have come to Sir Alexander waved back.
Committee of
fre, there Advisory
tourism,
merease in demand for Hongkong this year, it is difficult In another TB ward thy
and In Britain, American tourists hight Department of Commerce and
better
Bufer securities and
to know but I learn that the boy stood up in his col
Travel Development.
were responsible for the carning the
New York, London indow has fallen off considerably. chouted for Sh Alexander's at-
currency than offering in he got 41, he Asked how the United States of more dollar tention. When
This is confirmed by bankers, Government would feel about the steel industry, whisky, tex- and the principal Continental form of Bourses, particularly the latter or any other
is possible to speak only
Am grabbed one anger
10 tiles,
two where the overseas investor (but
and the Guild very general terms. The American export. through first and chortled with pleasure, more US dollars coming
Sir Alexander, accompanied Hongkong
Tourism was the most im-Is not affected by taxation. word "food" might fairly have There has been some "paper
a more balanced, and therefore Choristers with Al Goodman and by Dr the Hon. K. C. Yeo, Direc- tourists, Mr Patterson said that
in Canada,
the described this immigrant money
more sensible distribution of his Orchestra: 7.09, Welles- and transter" of and Health the United States Government portant industry
money from
port; &, Timo Signal and he, News Medical
America, Mexico,
some months ago, whereas today strenuously encouraging South
London this year, Services, was taken round the was
last three it has been reduced to a mere capital resources which should, London Relay) 8.00, The Budget. Rught Hon. ·R. A. Butler, in turn, help to strengthen and The factor every country in Europe except Colony
in the wards tourism as a balancing
particularly
Exchequer trickle. Switzerland, TB and Convalescence
invigorate the Colony's economy, peaks for the Government (Record However these trans. In Switzerland touriam, months.
Speculation in land There is no doubt at all that
Stilled London Relay);
8,30, Journey Already, he said, tourism was
comes fers have been made by banks,
end $100,000,000,
problem
here earning
Into Space. Written and produced Chen, and Matron Miss EM. America's largest single "Import."*
higher
rate by Charles borrowing
Chilton Episode 23 salt rather than the cause of land market. Land prices have The sum of US$1,500,000,000 was second to Swiss watches which not individuals, and this is the more money is going into the
result McGibbon.
the Form (ecorded London Relay); Occupational therapy. par-distributed annually to tourist carn $120,000,000 annually.
Tourism is also the third tar-the fall in share market activity. been well maintained in recent has been less successful in cub (BBCTS); 2 Time Bignal, What's There is,, as one banker said,months and at the moment are ing the boom Increased ID 218, Campell and James McKechnie in plastic
rattan areas of a dollar hungry world,
United
vestment in trado may work ticularly
in "King of Fiddlers. A Story of the said. It was considerably gost industry in the and he
concerned with Detection this case, American States and accounts for 10 per a vast reservoir" of idie money as high as they have ever bee
largely in Hongkong, much of which has This
because of a a natural corrective 19
Strange Genius of Paganini Devised and but prominent the largest drain on L ornaments, work baskets, handbags.
Grandlan come from Southeast Asian out combination
even so it is unlikely that of good demand at this dollars, and accounted for more cent of all world trade.
and written by Sandy fumover the fud in
will be any- (DECTS); 10.19 "Fleet Fingers** feature of treatment
Tor, foreign]
and the shortage of good sites, ports in recent months,
Geoffrey Thornley at the Flano hospital. Many of the articles export of currency.
trade new even than coffee.
There has been a tremendous thing like as spectacular as the
10.30.
for Timo (Recorded); madic by patients
activity. turnover of property in recent fall-off in shar wards the formerly the largest single irh- some display. In
1 Radio News Reci arcing 16.89, Weather Report, 11 months but this is understand
Time: Signal.
Cloodnight Governor saw patients engaged port into the United States,
(London Relay); 11.00, able considering that the yield
Musle. Clod Bavo The Queen; 11.53, Banks holding large deposits on new construction stands at a
Close Down getting minimum of about nine per here know they are
five per nothing by keeping them in cent against, four or Hongkong. But because of high cent in the share market, discount and bank acceptance
the tor of
NOT ABOVE LAW
living in the British "Nobody Realm is
Low and 12 above the Court to adjourn and hear this case in the Consulate," lie added.
Mr Leang ubmitted
no diplomatic Consul General had privileges to render himself immune to come to Court to give evidence. He then stated the case of the ship Tasikmalaja which was heard ip the Eupreme Court in 1902 and the refusal of two Indonesian Con- Court Lo give als to come to evidence.
Under Section it of the Magist rates Ordinance, Mr Leong sold that a magistrate had the power to choose where he could sit but such
24C.
a place had to be accessible to pub- FOREIGN ENCLAVE
Mr Leong said that if the Const General ice is a foreign ellclave that he is a diplomat, then his and ax auch His Worship would have no jurisdiction to at thero. Z he says that his office is a con- ulate then if he does not come to Court he is committing contempt of court.
Finally Mr Leong said that H_His Worship decided to sit at the Con- alate, then he and his cllent would remain in His Worship's Court unti his return.
Mr Hoplay in reply said that if His Worship decided that he could not go to the Consulate, then the Consul-General could either be sub- poenaed or informed to come 10 Court
Section 11 of the Magistrates Or- dinance Mr Hobley mid meant that wherever a magistrate decided to Fit would become a public pleen.
+
BIG4 TALKS
(Continued from Pare 1) would be free to choose ita own nilances, including mem-
of the Atlantic pact. bership
As an added incentive to Russia the Western plan, la ex- pected to include a proposal for a zone of "decreased tension"
of what des troth Europe on,
Germany's united be a Eastern frontier with Poland.
The forces deployed in this by the Western and Com munist sides would be governed by agreement and subject to mutual, inapoction.
arce
The Water plads would not ú be tenné bod into a draft treaty Vale Rumelar soospied it in
of the 422-bed hospital by the in world trade. octing superintendent Dr
In the work.
were
CF.
"H.E. the Governor waves cheerily to inmates of
the children's hospital at Lalchikok during his visit
this morning, Staff Phytographe
10
Going To London
London.
fondirism was 'concerned, be needed
far as
kong
Travol
these
翅
tho
in
market
as
Chancellor
of
the
REDIFFUSION
THE REASONS The reasons behind this, he
And here it is worth injecting uid, was the astonishing stan durd ́of valving in the United
the comment of a banker who Stutes today in which almost
feels that the Big Three did not every working man gets at
go far enough when they raised least three weeks' paid holiday
borrowing rater in August wach year that and the high
Advances should have been re value of the US dollar.
at the same time, he says. duced at
3.46 p.m. Bleak House-by Charles With the twin factors of time rules they can get three per Demand Continues. At present leading banks will
Dickens: 4, Tea Time. Rendezvou Art and money," avaliable, sultable cent on their balances in Londen
lend against securities up to
Fopular Concut Favourites: 4.50 30 per cent of their face value. Vocally Youre Popular Songe 440, pubidity.by. Hongkong authori and therefore a large part of
Some Chinese banks make ad- Duster on Dianvirlus; D, Children's flew in the United States, similar the available surplus of bank
There is stal a "fairly brise"
Corner Conducted by Auntio Val: te that pucanadiane,
vances an very much narrower
*8.30, Tropicana Laun ...American out by European resources is finding its way to demand for all types of accom- my countries
and
modation but at the some time margins (though at higher in Rhythms. Bliver Network-Reque
townrds
Programme of Western Musle: சு terest rates).. there is a tendency Mexicans, would top a rich field.
Teen Time-Prosented by Betty Obviously But this money is reobtainable lower rents and key money:
not all He added that the Pacific was
banks souza; ex, Hirunday Mailbag: 9.30, region as at a moment's notice, should it
conformed to on What's In a Name-Presented by Some indication of the demand would have under-developed
Personality here, and
can be gained from the fact that order (or a request) which for Veletion Bolton; T
Parade Miller 7.15, Violin that the Hong transfers are not regarded as a the two Hongkong piling com example sought a reduction in Melodies; 7.30. Coke Timea Starring authorities get together"fight of capital" so much as a
panies are sald. to have order the the Pacific Area temporary conversion
per cent of the security shadows at Doubt Presented by. from booke filled until the end of 30 amounts advanced to 40 or die aber with Guest Start 145, More with PAisation, to tell the Hongkong dollars into sterling 1957.
backing but the bankor feels colgate-Palmolive Co., Time Bigital and the News, (London touring American public about which will last only as long as It is almcult to say how long that had the Big Three set the Resyir ans, Weather Report A
demand for money
example in this жду, they could souncements and Intertide: Bis, a part of the world that has there is no
have played a far more effec Malachrine Musicale-Presented by much to offer them a part of locally and an long as high rates this position will continue, but
| observers say it may be another ve brake on all kinds of Cadbury-17; 8.50, Journey Into the world that was exotic, and continue in London.
two years.
Spaon. Written and produced by Charles Chilton pisode 20. speculativo buying. within caseach of a three
This brings me to the first Moro money has also gone weeks' vacationi
Few are prepared to admit it (BBCTS): Variety Ahoy with Erla into import/export business
Barker om «• H.MLB, Daadallin point
The roonthe.
total publicly but there has been, and featuring Avril Angara Alma Cogan The increase in the borrow-recent
rato in Hongkong has volume of trade has shown in is still too much money, in the and the Balcolm Michail gyroj 30. Square Dancing: 10,, Cate Cone achieved the results that the creases for the last two months Colony to be employed usefully
uly for Hongkong's benalit,
tinental Prosented by Maquie Comune: 20:30, "Old Tinmi? Ballroom Coolie's Accident Big. Three banks Intended. 1 rben $400.7 millon in July
tho But with
growth of with Kidney Thompson Wal will be recalled that this to $531.9 million in September
Findustries, and a Orchestra:FL, ENDO WAH, Dvorila:us secondary A falling brick almost am- higher rato was designed speel-and the present level of trade dual expansion of trade, the maturing.
to rb various is the highest since March this
trend towards a more balanced Knickerbocker Youri putated the finger of Fok Biu, a fically,
To Midnigți?“ bin Popiila 35-year-old coolle, when he flationary tendencice appearing year.
And it seems probable: that distribution of capital resources | Brot Was moving a store of bricks in the Colony's economy, chlef In the Lul Choong Hay godown among them the high-powered if this trend continues, the level should continue.
the Block Ex-of shore market Inveriment in the western district this speculation on
change.
will fall even further, morning.
Toi was sent to hospital in in ambulancR,
in
Printer" and published: by WILLZAIK › Much of that money is now Earlier this yours as the share and on behalf of South China Morning lying in the banks. Or else it boomsthered momentum, bank, Wyndham Streot, City of Victoria, in the
1