Page
KOWLOON DOCKS.
YERSELS BUILDING AND STEAMERS UNDER
REPAIR
The Kowloon Kinshum proced. The new stramer, Shwighei by name, will probably ba Jaumehed on the 1441 Bro inst. She has boon built to the order of the China Navigation Co., Ld.. being intended for The Lower Yangtze trade. The vessel is an
Dorks have awkim their
umpesing-looking craft, having three decks and twin-screws. She is 319 ft. in length, 46 ft. hearn, anel 13. draught: her tonnage is alan 2,000. She is the largest steamer in far that has over been bulit in this Colony. At present by hull, decks, fittings teabins, rails, ele.) are heaving completion. an army of ear- penters. Etters, rivelers, blacksmitles and others bring employed at the work. As this is the Typhoon season there is not a little anxiety about launching a new craft: meh vessels are much safer on the stocks when the wind blows "high."
It is necessary, however, for the Shanghai to go nuder the big shoerlogs to receive her boilers and heavy marlinery stw must take
the water in a few days.
Boat builders are particularly busy at prosent. and several of the nose beats, 'no 'donid, are in- temled for the Shanghai,
GREDETIC DEPARTMENT STEAMERS,
Another job in hand is the struction of a single-screw stemmer, for the US. Geodetic; Departureat, an orifer given by the Tuxtlar Goyeonuent. At present this vessel is all¦ *hone," the plates not having been riveted as get to her iron ribs. She is 144 L. between! perpendicuturs, and if 9 ft. are added for ler quarter this roughly gives the length at 153 f.
overall.
"The Pathfinder, a vesset also belonging
!
SUPREME COURT.
Thursday, 7th July,
IN BANKRUPTCY.
His Hoyo
(Curer JUSTICE).
THE PO FENG BANK,
8
KODAKS! KODAKS!! KODAKS!!!
AND
PHOTO GOODS OF EVERY DESCRIPTION. We have au Establishment Solly devoted to
THE HONGKONG DAILY PRESS, FRIDAY, JULY STM¤, 1904
name or firm of the general partners only; member of a particular partnership is evidenę the partners en epamandite being liable to of that fast against him; and such an edmission James unly to the extent of the funds or capital | renders it unnecessary, for the purpose of fixing furnished by them, Bat, as I lave said, such af him with the liabilities of a partner, to show system with regard to privato firms is hot that has excented any document whereby ho It recognised by English law, or the law of came a partner. It must be borne in mind
DEVELOPING AND PRINTING Sin W. M. GOODMAN Hongkong. I mention this because I believe that the witnesses mentioned deposited money
that among the Chiness of means these are with the Bunk on the faith of these statements for Amateurs, where we turn out work of the best description and with great promptness. many who wish to Hunt their ability, to the or admissions; and, therefore, they cannot well be! amount of their share in the business. They mistaken. Unless they are wilfully giving false dislike being liable for unknown rents evidence it seems to me clear that Lo Yuk Shang salting from the contracts which the un-held himself ant to be a partner and did his best
Hongkong, 10th March, 1904. to get prepletedeposit in the Bauk. 1 am awaco- that he denies the statements of these witnessing juto etishileration the demeanour of the and indood actually went so far as to state in various witnesses, I have come to the conclusion the witness box, I have never com-led that the fact of the omission of Lo Yuk Shang's name from the lists is more fun conntorbalanced the Bank to anyone." Yut he admits he did by the evidence of the four or five witnesses business of between $500 and $160.000 a who depose to his husing himself told them he
find as n fuct at all the three men were your with the Bank, that he was allowed to a shares in the Bank, and on the whole I overdraw, and while so many creditors were partners in the Bank and I. Sad aguhist them lowers when the Bank faded, he was on the right on the issue and they must pay the costs of it. side and owed the Bank $3000, which he states he has paid since 6th March.
The case was again called in which upon the application of the Otrial Receiver (Mr. Bruce Shepherd the Court land ordered that an issue be tried as to whether Lu Yuk Shang. Kwonging per may enter inte on behalf of the rong, and as ander British Jaw, all partners King Tong and Kwong Yik Lam were partners are all for the delfs of the tirui, when they in the Po Fung Bank at the date of the petition
wish to
er this obligation they take in bankruptly being filed, or it. Such other date
eure that their names shall not openly ap as the Court way determine.
as jartners, even in cases where choir friends know that they are really partners having shares in the business, and on that ground are more ready to give erolit to the em. In as the frm should become insolvent. such persons probably koustly believe that they have discharged all the obligations imposed by integrity and commercial morality if the share they have contributed goes towards meeting the liabilities of the firm. They feel practically secure against further liability because of the great diffenity of proving then legally to be. partners. Such is the view I entertain from the experience I have gained in this Colony from the numerous cases of disputed partner ship which have come before myself and other judges in the courts of lay. I only refer to this difference between the English law of partner
Mr. John Hastings, solicitar, appeared for the Official Receiver: Mr. H. W. Looker, solicitor, of Musses. Deacon, Looker and Deacon, appeared for the men alleged to be partners in the bank and Mr. 9. W. Two, solicitor, and Mr. O. D.. Thomson, salicitor, represented certain creditors, The action was the valeome of the Bankruptcy proostings re the Po Fung Bank part Io Tsung Chun, it bring alleged that certain persons were partners in the Po Fang bank, an fallegubim they denial.
His Lordships in deliverằng jadgmnoņ€ said :-- This was an issue directed to be tried to dutoranin whether To Yak Shung, Kwong King Toog, and Kwong Yik Nam. partners in the Po Fung bank, which failed Inst March and was adjudicated bankrupt on the 2nd day of June. 1904.
Wete
When he wanted te mako out he had fe means he stated that all he had was the share
of $1,000 in the Po Tai Wo, that was all to hed in the world. In answer to the Court he said "I am worth a little more than $1,000, and ac *move, assuming I pay what I owe and a "paid what is due to me.”
When the Court next met and he was cross-
Mr. by
Hastings oxamined
as to transactions, he admitted he was certain worth $10,000, adding "If people pay sue and business is all right I may be worth $50,000. When I have to choose between his denials and the statements of the four or five witnesses as to what he said. I chcide in favour of the majority. They are interested), but so is he, and their interests are certainly no greater thaa his, and they gave their evidones clearly and woll.
over
worth, in the whole world, more than $300.
Here, therefore, we have two witnesses to posing to his statements and his denial of having made them. There is, however, some corroboration of the witnesses, derivable from the liste hersuffer to be referred to.
LONG, HING & CO.,
17A, QUEEN'S ROAD CENTRAL
(Few Doors East of Beugkong Hotel
TRADE
MARK,
#
TELEPHONE No. 135,
“YEBISU
THE FAMOUS BEER OF JAPAN.
THIS IS A
CIGAR MERCHANT'S DANKRUPTLY. Frederick Nolte, late of the Hotel America, came up for public examination in bankruptcy. Examined by the Offeinl Beceiver, bankrupt HAVE YOU TRIED stated that he first commenced business is the Colony in October last year, as a cigar mer. clatt Before that he had been at the U.S. Any Transport, from which he resigned in February last year, and in October les commenced business as a cigar manufacturer, he having á half-share in the business When ho started business in Hongkong he had $6,943 worth of cigars here and 50,000 worth in Port Arthur and Shanghai. On lat of March hav bought the Hotel Americu for 811015. He borrowed the money on the strength of the tigars in stock. The cigars in Port Arthur fisuppenrod. His Shanghai agent, David Beer- bould also disappeared. To my tan Batel America witaess borrowed 82,000 from his com pradore, $300 on a promissory nuts from H. Price and Co.. and $4,000 from a friend of his compradore's on a bill of sale payable after three months. At the expiry of thint poriot they would not renow the bill of sale and forced him to Price & Co. bought the botol for $16,000 Of that sum ho spont $1,000. for rent, and paid 815,000 to Mr. Bratton, who paid Price & Cu. the balanco due on their promissory notes and the bill of sale, etc.. retained hiscosts amounting to $1.000.60 and paid to the Oficial Receiver $5,123. The Hotel Amerien was paying when he had to sell it.
After some further questions by Mr. C. E. H. Beavis (of Messrs. Wilkinsm and Grist, solici tors) who apparet ou bolult of a creditor, the examination was close].
Mr. G. K. Hall Brutton applied fear an ordier of adjudication on the estate.
His Lordship granted the application and appointed Mr. Bruce Shepherd Official Revivor.
PUBLIC EXAMINATION.
Mr. Sharp, K. and in his absences Me.ship and the Chinese view of the subject becuase Hastings for the Ocial Receiver argued that it way possibly partly account for the remarkable the above muined were partners, while Mr. Slarie eontradictions by ons side of the evidence given on the other so often met with in cases of disput- appeared for the alleged partnera and argued that they were not and never but been partnerspartip. If every witness would really try to speak the truth, one would suppose there to the U.S. Grodetic Department, is in the Bank. The brink lastod for four days.
could be no difficulty in ascertaining whether alongside at the Kowloon Bork under.
The question which 1 hes to decide is When going repairs.
Now as regarils Kwong King Tong, Dor representative whether Lo Yuk Shang, Kwong King Tong A B and C were partners in a given firm.
First one would naturally rofer to the parinor. Wong Yut. Mun deposed that Kwong King visited her yesterday he was courteously and Kwong Yik Nam, or any of the wor shown around by one of the officiers. The partners in the Po Fang Bank on 24th ship agreement, or to the book containing the Tong told him he had a share in the. Pe Fuag
board are surveying appliances on
very March, 1991. the date when the bankruptcy partners' names, sually kept by respectable and asked him, if he had any money, to Chinese firms. But here, not only was there no patronise the Bank and also told him. after the interesting. For instance; there is a Sigsheepetition was fibol. It has not been suggest-
His Lordship But were you not foolish to deep sen sounding machino, an invention by od that any of the thres rasignal before written partnership agreement, but the mang suspension when he wont to awertain whether the late captain of the blown-up Maine. This that date. On the one side it was contendering partners say there was no book kopt at he would get paid. We are only making up borrow this money for only three months!
Bankrupt sail he had expected to get a Lord that they never, wern partners in the bank fall with the partners' names in it. It was the accounts. You need not be afraid, people renewal. He commenced manufacturing rigars apparatus, a great improvement on
one us more than we owe." Lan Sing Kian Hangkong on 10th February, but had not Te Kelviu's patent, sounds up to 6,000 fathoms, at any time, and on the other side it was alleged there was such a book and that it
was at Konginoon, but I do not think that was deposed that Kwong King Tong called at his able to make any clear profit yet. The appren A 75. shed, attached to a single thread of confonded that they were partners and had at very thin steel wire, is let go for sounding different times distinctly tell the witnesses who satisfactorily proved and the niatiaging partners shop and told him he was a partner and solicited fices had to be traine1 by Filipinos. If he had a parposis. While it is sinking, of course, the doposed to it that they held shares in the Podenied it. An examination of the ordinary castom for the Bank. On the other hand these capital of $5,000 at prosent he could make a clear profit of $9,000 a year. His total indebtedness wire is pulled off the reci at a very Tung bank. If they wore, at any time, part. books of the firm throws, I am informed, little statements are entirely denied by Kong King now was $17,100, of which $12.630 was money great spend. but as soo as it strikes the nore it would, therefore, appear that day were light on the question. It is not stated who the Tonp, who slates that it is true he was originally borrowed to extend his business. He hul 20 bottom of the sea the shot automatically
asked by Kwong Kami Nam to take shares, but Labilities in Manila On separation from his so in March lust, so that the really importzut people were who put in the capital. No ysuriy
partner there the latter andertook to pay all The declined and, indeed, that he was only are dotaches itself. leaving nothing at the end of the question is were these persons, respectively, part-balance sheets showing 'profits und lasses wer
the firm's debts. wirelata small fixture that brings up a specimen ners at any time in the L'o Fung Bank, It made out, and the profts if any at the end of accountant in the Kwong Wing Cheong shop at $12 a month, and that his catate was not of the boltem soil, sand or stone, as the case
seems that the managing partners were Kwong the Chinese years in 1902, 1963 and 1964 do navy he Another apparatus on board is the Kam Nam and Cheong Kai Yu. That is
not seem to have been paid over to any of the Marine Sentinel." This can be sunk to any admitted by both sides The bank was started partners, and we are left, therefore, to consider shallow depth that may be required, sulit is about September or October, 1991, and according the conduct and statements of the admitted lowed along while searching for shoal water to the stateinants of the managing partners it partners and of the three alleged partners, and If the fixture touchentotion it huweliutely turns
appears that Kwong Kam Nam pat in abont of the witnesses. If the evidence for those who over and coines to the surface au alaru $38,000, and Cheong Kai Yu contributert alloge that Lo Yak Smug. Kwong Klug Tong ringing ba dock at the same time. The about $5,000, making à capital of $43,000, and Kwong Yik Nam are partners is to be ha- Hydrographic sheets showing the results of with which to start and carry on the Bank. Liered, the case is abundantly made out against many surveys, are very interesting.
It owns that shortly before the 5th of them. But, as the witnesses called on the other THE IBADAN."
February of this year certain people he sido contradicted most of the relevant evidence The halten is on the slips undergoing care suspicions of the bank's solvency. Indeed, given by the witnesses for those whom for con thorough everbaal. Though a British vessel Kwong Kam Nam, when examined, stated :- venisade I will call the plaintiffs, the case she has been running us & U.8. hired transport · The ran on the bank began on 25th February requires careful consideration, and that I have around the Philippine Islands for the past two and onwards. We borrowed money to stave off bestowed upon it. The Official Receiver, I Fears. Slus left Manila ou the 24th ult.. rode the run. From 1st Fabrasry to 9th March,
think very properly, wished the question to be the typhoon out of Marivolles Bay, visita San | 1904, our books show $10,000, received." "The decided one way or the ther, and it was Fernando. P.I., and then came to Hongkong. petitioning croditor, Chan Kam Chiu, or the
threshed out for four whole days during which Híer owners are Messm. Clerk & Co. of Bang- | Po Treung Chan firm, states in his affidavit that. an extraordinary amount of absolutely, contra-failure, he saw Kwong Yik Nam there in the kok and London.
the Inuk owes his firs $20,000 for money lont dictory evidence was given. I think that the capacity of one of the Bank people, and not as on 4th March 1904, and that our 14th Marcb he | Jarden of proof lies on the plaintiffs. those who a creditor. received notice that the bank had suspended allege the partnership. Have they brought payment with Habilities of about $120,000.00, forward such a body of credible evidence as | Although the nominal assets are alleged to be to turn the scale against those who deny that
more than that, there does not appen much the flee persons nontioned were partners? (chance of colleting any great proportion of
Tuking the case of Lo Yuk Shaug them.
Now, as it appears ilust Cheung Kai Yu, one of the managing partners, had
and boiler sheds, etc., are, as usual in full some $51,000 to his own shop, the Yee swing. Yesterday morning the ss. Taiyuan Cheung, anì $140000 to his father's shop at was in No. 2 dry-dosk, but Nos. 1 und 3 dry. Kongmoon, it is not surprising that the dooks wow empty. The immediate prospects. | ewditors who had deposited money and found howover, are bright. Que job at hand is that themselves such heavy lasers by the bank's of repairing the damaged Sikh. The Sikh failure, should be infliguant at such an applica. arrived here from Manik on Wednesday with tion of the bank's asta-indeed, it seems the a damaged sten-frame, as already reported.
NEW "STAR" PERRY-NOAT.
The land of a new "Star" ferry-boat. a alouble-crubed wooden craft like the rest, has been completed, and beds have already been faid for the engines.
Other jule include the construction of a' news hopper for the use of the Dock Co
OTHER JO98,-
|
Lai Fu Ngum deposed that Lo Yuk Shang asked him to deposit money in the Po Fung
As regards Kwong Yil: Num, who ♣s a brother
of Kwong Kant Nam (one of the managing partners).Li Chi deposed that Kwong Yik Nam culled on kini last year, talked about the Bank and told him he had started it, that it was a gemine Bank and that ho had shares in it and indaced witness to-deposit in it, that he de- posited accordingly, and was now owed $1,150 by the Bank.
Toni Pak Yu deposed that, when he went to' the rogating of depositors at the Bank after the
Chi Keng Wan, manager of the Tung Chan firu, came up for public examination in the
PURE
PLEASING
POPULAR PALATABLE
PRODUCTION
$16.00 PER CASE or 8 DOZEN PINTS.
SOLE AGENTS
&
H. PRICE & CO. 12. QUBEN'S ROAD CENTRAL
THE
ROBINSON
I+
PIANO Co. LD.
bankraptey proceedings brought by the Sui UPRIGHT IRON Kat lank.
Examined by the Official Receiver, the witness stated in the course of his evidence that he did not know who the partners in the firm wers.
of
His Lordship said it was I se a firm cheating everybody all round, aist then nobody knew who the partners were. How much was the witness worth? he asked.
Witness-I have no money.
His Lordship remarked that that was the useal thing in such cases. Where was the money to come from to pay the debts of the fir
Mr. H. W. Looker (of Messrs, Deacon, Looker, and Deacon, solicitors, who appeared for the Chartered Bank, stated that a Chinese
with gentleman had
forward offer to take over this business mid pay 66 per cent. composition.
Cote
In reply to his Lordship,
The Bel Receiver said the firm owod | 8.492.192 and there wew $500.000 assets. There was about $200,000 worth of goods in the godowns Witness had been told to make up a statement, ment. He had gone off to Canton "instead! of staying here, and they had only got him back on the previous day.
The sawmills, scksmiths' shops, riv ting advanced out of the bank's funds or depost Rank and told him he had a share in it awi | $3,400 more to individual partners in bis firm, of affairs, but had not raads up a full state-
NAVAL ITEMS.
A CHINESE GUNBOAT.
that. accordingly, he did so, and the insolvent
Bank now owes him $1.350 Wong Yuf Man
for Kwong Yut Man), master of a rice shop at Wing Lok Street, doposed that Lo Ynk Shung came and asked him to patronise onr Bank the Po Fang" and stated that he lui a share uit. The witness did deposit accurși- the bust instalment of $24,000 to the Yee Cheatingly and the Bank now owes him $2000. was actually advanced by Cheng Kai Yu on 26th February this your. Cheung Kai Yu ad- mats this in his examination, and also that it has not been repaid. Condnet of this sort may well Kam Na were the only partners, is not deemed at all conclusive by many of the bank's creditors
Tu Pak Yu, who was for some time a part-
Fan Yuk Tung deposed that on 14th March. 1903, gd a conversation with Kwang Yik Nam who stated he had a slave in the Bank and said, speaking of himself and others. "the Po Fung Bank is our business" and asked witness to deal with the Bank which he did, with the result that it now owes his firm 85.000 and some
He also speaks of Kwong Yik Nam having been present at meetings of the Bank after the failure. particularly on an occasion on 11th March, 1994. As regards Kwong Yik Nam's position when the Bank failed, it appears that he came out exactly right. He owed the Bank nothing and the bank owed him nothing, as he took out all his balanes of $3,000 on 29th February. 104. Besides denying the slatements of the witnesses
|
His Lordship warned the manager that he did not beliore he was speaking the truth El threatened to send him to gaol if he persisted in committing perjury.
Mr. P. W. Goldring, solicitor. of Mr. John Bastings's office, said he appeared for the debtors
GRANDS
MANUFACTURED BY US
ARE TO BE
ABSOLUTELY DEPENDED ON
THERE IS NO PIANO 80 WELL
ADAPTED TO STAND THE
HONGKONG CLIMATE.
THE MATERIAL IS OF THE BEST
AND THOROUGHLY
and represented this man, who was not a partner SEASONED IN THE COLONY. in the firm and had only come there to provo the statement of affairs.
His Lordshipsaid that it was monstrous for the manager of a ursiness to come there and tell
The Chinese unboat Fakpo, Capi. Kew explain why his statement that he and Kwong few Sunning people had started the Bank, and returned on 14th March. He did so he stated that that he did not know who the partners
arrived from Cuuton yesterday,
THE "SURPRISE.”
The French river gunkost Surprise has left and in the result. I have to decide the best
for the West River.
OPIUM DEN IN LONDON.
whether the three others who have been named
i
were also perluers in spite of their devials of that assertion. It may be well is the first
ver with Lo Yuk Shang in the Shung Singgat him, he stated that he wont to Canton by the night bout of 8h March. 1904. and shop, deposed that Lo Yuk Shang stated that a the "had a few thon-end dollars in it," and is the witness was inclucul to deposit money. and now the Bank ow him 60,
worn. Let them get the partnership book down and he would adjourn the case.
because of the illness of his wife and he took a
tor with hino, whom he called to correlats Mr. G. C. C. Muster (of Messrs. Johnson, Lis statement. and thus to show that he could Stokes and Master, solicitors), stated that he not have been at the bank at meetings of de-presented the Hongkong and Shanghai Bank- ing Corporation. It appeared that there was positors between the night of the 8th and the an offer of composition. 11th March. If this is true, either Fan Yak His Lordship asked who was making the offer? Mr. J. Scott Harsten tuf Mosas. Ewens aud
of his secing Kwong Yik Num at the bank or stated that there was a release on the Ble for
his statement must be incorrect, for he wid It was on 1th March, 1004.
a composition.
Late Sing Kiu, managing partner of a fire at 17. Wing Lak Street, stated that, at his shop. Lo Yuk Shang said “It is a genuine Bank, my At Bow Street Court on the 5th nit, 2 well. I place to make some general observations us to Eriends are carrying on the business and Kwong Tung aust kate been mistaken to the late Harston, solicitoz.), who appeared for a creditor, dressed young woman noel Emily Mitelam the law in force in Hongkong. The law of King Tong is a partner." That afterwards be partnership in this Colony is clearly stated by san Kwong King Tong, who told in that Lo informed the ausgistrate that she kept an Ordinance No. 2 of 1897, entitled “un Ordinanes Yuk Slang was alsó a partner. and he was in- * opinna don” in her house in Huntley Street to declare and amend the Law of Partnership." duced to deposit and the Bank now owes hi
That law is practically the mate as the English $2900 He added that after the Bank got into law, and it in no way recognises the notion of diffinities, he saw Lo Yuk Slang who said limited liability as regards the partners in a "when the accounts are made up, we shull pay private firma The principle of limited liability you all,” -
the only on in the West End. She said that she had lived a good deal in the United States, and was herself an epiau smoker. Her house was on to her friends as an opium den. It usually took from fifteen to twenty minutes to smoke and a pipe of the opiams. She ly kept one opium pipe. as it was unlawful in Amerion to keep more than one. A fine of £20
was imposed.
WEATHER REPORT.
The Hongkong Observatory yesterday issued the following report :--|
On the 7th at 11.45 8.m. The barometer has fal en slightly in S. China and risen in the Philippines.
The typhoon has entered the coast near Foochow yesterday morning.
WE GUARANTEE THEM FULLY.
Patoes $400: Upwards.
BABY
GRANDS
FEET LONG..
Hongkong, 8th Jane, 1904.
[1409
DR. NEWELL WILSON. TR. WILLIAM DANEL
Mr. Goldring remarked that a Chinese was I come uny to the mutter of certain lists of coming forward with an offer to take oror the masters or kuroholders in the Bank furnished goon and pay a competion of 66 par sunt.
which, he understood, the creditors, wore ONLY 5 by Cheang Xi Yu, one of the acknowledged prepared to accept. managing partners. In those liste the mes Mr. Master added that if the scheme would Both of Kwong King Tong and Kwong Yik not go through the creditors would be in u worse position, because among the goods was Nama appear. It is true that Lu Yok Shung's a large amount of sugar which was liable to so well known in connection with Companies Then Chan Yam Cheung, a partner in a fir formed under the Companies' Ordinances, when
maine does not appear and that Cheung Kai Yu spoil. at 73. Wing Lok Street, deposed that he know
has deposed that Le Tuk Shang is not a partner, but as Cheung Kai Yu stated that Lo proper modes are provided for winding-up sach Lo Yak Slang, who used to live in the country companies al apportioning the liability of Į close by his place. and that. about the begin.
Yuk Shang was a friend of his it was suggested members in case of insolvency and failure, does | ning of Jauuary, this your. Lo Yuk Shang called not apply to private firms.
and said he had a slare in the Bank and asked ho was trying to shield him. I do not say those lists are absolutely conclusive. Though I do A system of limited partnership or part the witness to deposit money in it. This be
not believe the statements of Cheong Kai Ya nership on commardite or in commendaten in dit and is now owed 5500 by the Bauk, When
as to how he came to furnish them, I prefer to recognised by French law, which, I believe, he went to the Bank, about 8th March, he was believe the stutement of Mr. Tan, the solicitor to the statement of Cheong Kai Yu, especially requires all partnerships and companies to told by Lo Yak Shang he would get pail when registered. In that system the contract is
the accounts were made up. In face of the as that was not the only list be furnished. But, between one or more persons who are general evidence of these five witnesses and the direct when coupled with the evidence of the witnesser who stated that both Kwong King Tong and
His Lordslip remarked that a public ex- amination was held in order to find out the truth, but apparently they could not get it out of this man.
Witness further deposed that there was no partner now alive. The firm had a capital of $40,000. He did not know the exiginator or how long it had been in oxistence, but he had boon manager for ten years. There had been
lors overy year for several years on sengar. The Official Receiver explained that on the statement of affairs put in by the manager, the gentleman who had come forward stood to lose
to Java, where the firm also had property.
His Lordship said he did not want to stand in the way of a composition, and he would close the examination. He did not know whether they could call that publie examination or not, but it was the only examination they could
Light variable winds will probably prevail puriners and jointly and severally responsible statements of Lo Yuk Shang deposed to by them. Kwong Yik Nam sxpressly told them they had $40,000. The creditors reserved the right to ge
in the Formosa Chantel and the northern part of the China Sea with fresh monsoon to the sinth word.
Forecast Light variable winds, fiae.
N.B. The information received this morning is of the most mengre description.
and one or more other persons who merely furnishi
a particular fund or capital stock, and thence to what conclusion is one forced to come? Either shares in the Bank, those lists cannot be taken
are called commandatairea, or commendaixire, i that the evidence is false or that Lo Yuk Shang roborate the statements of the witnesses.
or partnere en commandéte. The busi- ness is carried On under the Social
was a partner, Sir Nathaniel Lindley says, in his standard work on Partnership, at p. 95 *An admission made by anyone that he is a
as, of no value, when they independently cor
Giving dus weight to the oviderco called to slow that the three were not partners, some of which I have not specially referred to, and tak
kore.
DENTISTS.
Latest American Methods.
Reasonable Foes.
No charge for examinations.
Office hours 9 azt. to 1 P.al, and 2 (0.5 p.m.
31 QUEEN'S ROAD CENTRAL (First Floor Watkin's Building Hongkong 18th, Fobruary
1910