ADVERTISEMENTS.
HONG KONG CLUE.
NOTICE.
THE FIFTH YEARLY DRAWING
UNSATISFACTORY
Judge's Comment In "Bankruptcy Case
STEGER & COMPANY'S AFFAIRS
Tof 126 Dobontares (1828 issco- $800 ach) of the Hong Kong Ulub,..
ayable on Saturday, the 30th Septem 741833, will be held in the Club Fouse at 10 o'clock, A.M., on Monday,
"I don't think it is wise for me the 20th March, 1933.
At this point to make any comment Bourets of Debentures, are invited to on the position mised by Mr. attend the Drawing. By order,
T. A. ROBERTSON, Licat. Col.,
Secretary,
Hong Kong, 8th March, 1933,
THE HONG KONG
JOCKEY CLUB.
[556
THE SECOND EXTRA RACE
LETING will be held (Weather Fermitting) at HAPPY VALLEY on SATURDAY, 18TH MARCH, 1935, commencing at 2.00 p.m."
The Fint Bell will be Rang at
1.30 p.m.
MEMBERS' ENCLOSURE. Members are notified that they and their Ladies most wear their Badges prominently displayed.
Badge will be No One without admitted to the Members' Enclosure.
Badges admitting Non-Mombers to the Members' Enclosure and Club Rooms at 85.00 for Gentlemen and $3,00 for Ladies (Both including Tax) are obtainable through the SECRETARY upon introduction by a Member, such Member to be responsible for payment of all Chits, etc..
The Secretary's Office, 3rd Floor, Gloucester Building. (Tel. 27794), will close at 13 O'clock Noon.
to Members' Badges admitting Enolosges will NOT be on sale at the Race Course.
On No Protext will Children be permitted in either Enclosure during ibe Meeting.
Tiling are obtainable at the Club House provided they are ordered from the No. 1 Boy in advance. Tolophone 21920.
PUBLIC ENCLOSURE. The Price of Admission to the Public Enclosure is $2.00 including Tax, for all Persoor, including Ladies, and is payable at the Gate.
|
Soldiers and Sailors in uniform ara. admitted Hall Price.
Bookmakers, Tie Tac Men, etc., will not be permitted to operate with- in the Precincts of THE HONG KONG JOCKEY CLUB during the Race Meeting. Py Order,
Steger's examination. It is ub vious, that the financial dealing which he has explained in the cross examination has been most unsatis factory throughout. I think if I made that general statement, that will be enough at this stage," said Mr. Justice Wood tut the close of the public examination of Mr. Max Steger, partner of the firn of Steger and Company, of Connaught Road Central, Another partner. M. Henry Arfits was also publicly examined.
In reply to the Official Receiver, (Mr. E. L. Agassiz), Henry Arfas said he joined the firm on February 1, 1032, as partner and invested $10,000, a term in the partnership agreement being that he should in; vest a further 210,000 when in position to do so. He first came East in 1923, and joined a firm of exporters and importers. He left then in 1927 and joined the German Fertiliser Corporation. Owing to
LAMMERTS
AUCTIONS
PUBLIC AUCTION
ПНЕ
HONG KONG DAILY
staff reductions in 1932, ho left, nad, as a portion of his contract had still to run, he was paid $13,000 compensation for that period. He had intended returning home but cpnditions in Germany were bad and he decided to become a part- ner in the debtor firms.
PRESS, FRIDAY, MARCH 17, 1933.
EX-CONSTABLE · CHARGED WITH ASSAULT
Mr. Agassiz: When your joined SEQUEL TO OPIUM SEARCH the firm did you understand that the introduction of further money was a very vital matter at that time t
Witness: No. I joined the firm because Mr. Steger wanted to get someone to represent him when he went home.
His Lordship: Did you inspect the hooks of the firm before you went into the firm?
Witness: No.
What
The Offcial Receiver: enquiries did you make from Mr. Steger about the financial hacking of the firm -I asked several friend and was told that the firm was well-known and to their knowledge was unancially sound. I asked Mr. Steger about the standing of the firm and he stated that everything was absolutely in the best condi- tion. I was shown a balance sheet for 1920.
Mr. Steger told me the capital of the firm was $120,000,
Did he tell you who put the money in 1-He said the Chinese partner, S. Y. Tharu, put in the greater part.
Witness said he had nothing to do with the financing of the firm with the banks. Soon after he join- eu, he found out they were short of money. Even after the first few experi- months, difficulties were
enced in paying the salaries of em- ployees. All their money was in- vested in margins for extending bills and in differences which they had to pay between goods, and Jorn.
During Inst year compradore securities were obtained in the sum Undersigaed have received of $30,000, but most of that was Instructione
used in adjusting exchange" ean tracts. In November last he realis- ed the firm was badly in debt to the hanks and the firm's position was explained to the Hong Kong and Shanghai Bank and the Char tered Bank. The position was that change and to pay off argent debts they were $150,000 short in ex
TO SELL BY
PUBLIC AUCTION
ON
THURSDAY, MAR. 23, 1933
COMMENCING AT 10,30 AM.
AT No. 58, NATHAN ROAD, 1ST FLOOR, KOWLOOW.
A QUANTITY OF VALUABLE HOUSEHOLD
FURNITURE.
the sum of $70,000 or $80,000 was needed.
Witness said he filed his position early in December and it was dis missed because of insufficient assets. An interim receiving order was
made on December 10 and the firm Ind since closed down. His assets were only about $500,
The Official Receiver: To what
Charges of assaulting and ob- structing two district watchmon in the performance of their duties were preferred against an ex-1 Chinese constable and his wife at Central Magistracy yesterday.
Detective. Sergeant D. Fitches ap- peared for the prosecution, and the defendants were represented by Mr. C. Y. Kwan.
According to Sergeant Fitches, the first complainant, District Watchman No. 24, went to Tai Wo Stroot, Wanchai on the morning of March 10 as a result of informa tion received about an opium car- rior. While he was talking with the informer at the mouth of Tai Wo Street, the defendant came ont from a house and was pointed out by the infonuer as the wanted man. The complainant then went up to the defendant, and said he must search him, at the same time say. ing that he was a policeman, The defendant at first refused and ask ed the complainant what proof he ad to say that he was a police- man, whereupon the complainant: produced a card. The defendant then submitted to a search; and a parcel was found in a wide belt fastened round his waist. As the complainant was going to examing the parcel, however, he was struck in the chest by the defendant. At the same time the woman defendunt appeared on the scene, and struggled with the complainant apparently with a view to enabling the male defendant to excupe. The complain- ant then blew his whistle, whore- upon the first defendant took his opportunity and ran away,!
The second complainant, who hap pened to he passing at the time. heard the sound of a whistle and rushed to the help of his colleagur. Ho saw the first defendant running
LINCOLNSHIRE HANDICAP
PROBABLE HORSES AND JOCKEYS
(THROUGH REITER'S· AGENOY]
LONDON, March 16, THE probable horses and jockeys
for the uncolasaire MANT- Solenoid (Vanty) ·· Dorigen (Weston) Linkboy (Pat. Beasley) Totuig (Rosen) Alluvial (Carslako) Inverman (Meguigan) Sorento (Ray) Largition (Perryman) Trinidad (Barry Wrag) Knight Error (Steve Donoghue} Labecassine (Sara Wragg) Epicure (no jockey yet) Sandfiel (no jockey yet) Clogheen (Graves) Wrax Hali (Lane) Wellington (Smirko) Telescope (Sirott) Glannarg (Fox)· Young Native (Gordon Richards) Holmwood (no jockey yet), Winstor. (Novett)
Shipbourne (Gethin) Amoya (Frickahy) Tomtit Three (Cliff Richards) Hatenard (Smith)
Philander (no jockey yet)" Lord Marcus (Hunter) Varsity Express (W. Rickaby) Social Event (Jelliss). Banner Knight (Quick) Heavensent (Richardson).
VALLEY BURGLAR
SENTENCED
ARRESTED WITH STOLEN
CLOTHING
Sentence of nine months' hard labour was imposed by Mr. Schofield
up to a house and gave chase, on a Chinese who was convicted on When he reached the staircase, how. charges of burglary at residences ever, the defendant had already in Koon Ma Terrace, Happy Val- gone into the house, and the door le
The man was arrested mainly
was bolted. He then come down
F
11
TO-DAY'S WIRELESS CURE THAT COUGH!
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ESCAPE CHEST AND LUNG.
BROADCAST BY Z.B.W. ON 355 METRES
TROUBLE BY TAKING PEPE REGULARLY,
to be
Coughs are va common at this 1 to 11.30 a.m.-Stock und ex-season that they are apt
change quotation, weather re- neglected! Yet even the ordinary port, etc.
cough, which often accompanies 11.30 a.m.-Chinose recorded pra-tolds and chils, seriously weakens the bronchiale; and that desp 18.30 p.m.-European programme of chest-racking cough which it seems impossibly to move in a sure hag 1 p.m. Local time and weather robinger of bronchitis, asthina and
port.
tuberculosia.
1.00
gramme.
Victor records,
p.m.-Rugby Press, News, Selected Loudon and New York Stock Quotations, etc. 2 p.m.-Close down. 4.30 to 7p.m.-Chinese recorded
programme.
7
to 10.30 p.m.-European pro-
gramme
If you are trouble with a cough, of suspect say weakness in either bronchiala or lungs, be surd to tako Peps. These wonderful breatheuble tablets have 'superseded the old-time method of treating chest and lung troubles by swallowing drug-laden
7 to 7.18 p.m.-"Daphnis et Chloe-mixtures-into the stomach.
Suito: No. 2 (Ravel).--Boston You simply strip of the silver- Symphony Orchestra directed wrapper and dissolve a Peps tablet hy Serge Koussevitzky in the mouth. The powerful heal- 7143/4.
ing, germicidal, and cheat-strong- 7.18 to 7.30, p.m.-Closing local thening fumee then given off mix stock quotations, selected Lon-naturally with the breath and are don and New York stock quota carried direct to the innermost va- tions, etc.
'cesses of the lungs. Peps soothe and disinfect the throat and quick- ly banish coughs, colda and chills Pops free the breathing, heal the cough-forn fining of the air-tubes antire systém and fortify the against induenza, plourigy or pneu monia.
7.30 to 8.10 p.m.
A Concert.
9 p.m.-Local time and weather
report,
•
Instrumental Trio Happy
Days" (Strelezki). Instrumental Trio Herd Girl's Dream" (Labitzky).-Nrapoli- tan Trio-10872. SongThe Gypsy and the Bird"
(Oxenford-Benedict). Song- Parla Valse" (Arditi)- Galli-Cueci Madame Amelits (Soprano).-1207,
Paps are a unique breathcable medicine in handy tablet form. · They are free from harmful druga and perfectly safe for both children and adults. All medicine dealers sell Pepa in handy size bottles. Violin Solos (a) "The Bee Agents:-Messrs. Gilman and Co. (Schubert) (h) Waltz in DLtd. De Voeux Rd., Hong Kong.
Flat (Chopin).
Violin Solo-Caprice" (Ogarew) -Alexander Schmidt.-2014.
Song On Wings of Song"
(Mendelssohn),
UNCLAIMED TELEGRAMS:
Song (n) "Thou'rt Lake Unto a AT THE EASTERN EXTENSION,
Flower" (MaFarren-Schumann) i
(h) Faith in Spring" (Baum, Schubert). Darwin Bowen (Boy Soprano).-90804,
·Piano Solo"Fairy Tale"
(Medtner)
(Continued on Page 15)
to the street with a view to help through the vigilance of Sergeant ing his colleague, but met him in in the early hours of Monday morn hind a quantity of tins.
Dowman who was on duty there the staircase, with the womanning, when he noticed the outline. custody..
AUSTRALASIA AND CHINA TELEGRAPH CO., LTD.
Orienair
ADDRESSED.
Rigg Passenger Comorin
P.& Q. B. N. Co. Stedman Post Office
Sir James Jamieson LK.
Hotel
FROM
Londonpo
Singapore
Maidstone
Kulangsu
Hoehn Peninsular Hotel Bombaysub Blackbet
When taken back to No. 8, Koon The first complainant then told of a man in the yard, of 8. Koon Ma Terrace, it was found that a do you attribute the failure of the aim to take the woman to the sta. Ma. Terrace. As soon as the man door loading to a back room had | Direktor. Hoshn Hong-
saw the officer, he dissappeared to been opened. The servants were firm We did not do enough basi-tion, while he watched the house. wards the back, and Sergeant Dow aroused and it was found that the In the meantime, however, the mat- man ran around the houses. The man was wearing clothing belong- Hong Kong, 13 h March, 1933, [575 ON VIEW FROM WEDNESDAY,ness to pay all the existing loans
C. B. BROWN,
Sperotary
THE MACAO JOCKEY
:
CLUB.
SPRING RACE MEETING,
OFF DAY..
SUNDAY, 19th MARCH, 1933. First Baddling Bell at 1.30 p.m. First Race at 2.00 p.an.
!
ADMISSION :—
To Members' Enclosure $2. To Public Enclosure 40 Cents.. Members MUST show their badges to gain admittance. LADIES ars cordially invited to attend the races without charge.
NO Ladies tickets will be issued. Tiffins, Teas and Refreshments will be obtainable at the Race Course at reasonable prices.
0.
[294
R.
·PUBLIC AUCTION.
ARTICULARS & CONDITIONS
PARTICU
of the Sale by Public Auction lo be hold on MONDAY, the 20TH DAY
of MARCH, 1938, at 9 r.., at the
THE 22ND. MARCH, 1993.
TERMS:--CAsh on DeliveĽY,
LAMMERT BROS.,
AUCTIONEERS
BRITISH EMPIRE
FAIR.
THREE MONTHS HENCE
FOR FOUR DAYS Empire Day, Wednesday, May 24
to
Saturday, May 27, 1983,
at the
Offices of the Public Works Department, PENINSULA by Order of Hi EXCELLENCY Z GOVER ROB, of Ona Lot of CROWN LAND at Quarry Bay, in the Colony of Hong Kong, for a term of 75 years, with the option of renewal at a Crown Reatto be fired by the Surveyor of H18 MASTI TU KING, for one farther term of 75 yeurs.
PARTICULARS OF THE LOT.
No. of Sale.
Inland Lot
No. 3545.
Begistry No.
Shankiwan Road,
Quarry Bay.
Locality.
Boundary
Measure-
rients.
K. S. 2..
ift. ft. ft. ft.
As per
sale plan
Contents in
t Prise.
Square feet. ¦
Annual
Bental.
*Upset P.
About
16,000
29%
[590
18,000
and the over-settling in exchange. The examination was closed.
Steger and Co.
ter had been reported to the staintruder was discovered hiding being to the occupants of the room. tion. Sergeant Fitches proceeded
to the scene, and while on his way! he met the second complainant with the woman who was bleeding at the mouth. Together they went to the scene, and on arrival Sergeant Fitches went up to the house. A woman opened the door, but he. could not find the defendant who had apparently nocaped through the
Max Steger stated that he first cane East in 1898 when he joined Messrs. Reuter, Brookelmann & Co. and he remained in their employ until 1919 when he returned to Ger- nany. He came back to the East, in 1928 and was interested in un- other firm of importers and export-roof. Cry. During the war all his pro- perty was seized by the Hong Kong Govonment and held by the Cus- todian of Eneny Property. For that he would receive compensa, tion in the sum of 10,000 marks from the German Government in 1938.
He formed the firm of Steger & Co. and 1927, the partners being himself in the sum of $10,000, S. Y. Tham, in the sum of $30,000 and a silent partner in the sum of $10,000. A small profit was made in 1927 but since then they had shown a loss. The capital of the firm re- mained at $20,000 until Mr. Arfas invested $10,000 in 1932.
Mr. Steger stated that only one. balance sheet was drawn up for 1928 and 1929, and this was shown to the banks when another Toon was needed,
They then returned to the station and a few hours later, the first defendant with his arm in a sling. came to the station and reported that he had been assaulted by two district watchmen. He said he had no witnesses, and when the two district watchmen were brought in he was identified as the man.
After widence had been given by the two strict watchmen bearing out Sergeant Fitches outline, the case was adjourned.
GREEN ISLAND CEMENT CO., LTD.
FIVE LAKHS TO BE CARRIED FORWARD
The Official Receiver: Did that balance sheet show the true fiuan- vial position of your firm, or did it show something totally different? -It is true up to the amount of
Subject to mudit, the balance at $21,000, That Bun represents the credit of Profit and Loss Account HOTEL,ance to inggelf and my Chinese: for the year ended 31st December.
partner, which, at the suggestion 1932,
In order that allocation of stalls may be made, INTENDING EX- HIBITORS who have not already applied for space, are requested to communicate with
THE EMPIRE FAIR COMMITTEE,
M. F. KEY, Hon. Sec., c/o The Chamber of Commerce. Chartered Bank Building, Hong Kong.
CANTON CHARITY RACE MEETING/
سهمیه
PROGRAMMES and Entry formos the Canton Charity Bace Meeting to be held at Canton on Sunday, 28th March. 1933, can bo obtained at the Offices of Messrs. Percy Smith, Beth & Fleming, 6, Dos Voux Road Central.
Entries close at 10 a.m. on Friday,
17th March, 1933
THE CHEAPSIDE PIANO COY:
行琴
PIANO AND ORGAN MAKERS,
TUNERS AND REPAIRERS
DEALERS IN EVERYTHING MUSIC.
348, Lockhart Road, Wanchai, Tel. 28803.
[588
including
the
AUT of
of my book-keeper, was written offg98,842.69 brought forward from as debts to the firm.
Mr. Steger denied that certain last year, and after setting aside the sum of 8277,445,82 for depre- figures had been inserted in the
ciation, amounted to $510,821.23, firm's book to show a small profit, which the Board of Directors will whereas in fact there was no profit at all.
He also denied that the commend at the forthcoming firm had lost over $30,000 in Can Annual General Meeting he carri ton, although a profit of $2,000 wased forward to the credit of A shown in the balance, sheet.
count for 1933.
Copies of the balance, sheet had,
been given to the National City
Bank at their request, and a copy compradore's absconding, by deal- had also been given to the Netherings in exchange but he only incur lands Trading Society, but Mr. red further losses. Steger said it would be untrue to
Two New Compradores.
com-
An
say that the Chartered Bank had Mr. Steger said that last year in pressed him for a copy of his April the firm engaged a balance sheet. This bank and the pradore who furnished cash security Blanc and Shanghai Bank had of 317,500. The money was used for never neked him for his balance the firm's immediate needs.
other compradore was engaged in sheet.
Losa in 1930.
July with cash security of $50,000. Answering further questions, Mr. Out of this sum, the first compradoro Steger said that the firm suffered way repaid $8,500,
a considerable loss in 1930 when the Witness on being questioned ro the compradore of the Canton branch garding his disclosures to absconded in September. The man National City Bank, admitted that decamped with $25,000 to 830,000 he did not fall: the bank that the but-later it was discovered that the firm had suffered a lone of $75,00 netual loss suffered by the firis way through the Cantem compradoro. $78.000,
Witness, did not agree this the im- disclosure Witness said business was about medinto result of such a
would have been that he would have "square" in 1930 when the gross profit was$33,000- but witness could been forced into bankruptey. He not
what the expenditure agreed with Mr. Agassiz that he did nmounted to. The year 1931 was not want the financial affairs of his fir good year and the gross pro Ata amounted to $64,000.
BLLY
firm broadcast.
Before the public extmination Witness said he attempted to re: closed, his lordship made the com- trieve the losses incurred by the ment given above.
St. Padraic
if he had not been
Long Hotel
Faigon
C. C. CLARKE,
Leipsip Manager.
Hong Kong, March 18, 1933,
able to
get Potheen, would have been quite satisfied with
WHITE HORSE
Thywnie Horseferlar |
Sole Agents
WHISKY
Never was your White Horse Whisky as good or as old as it is to-day. Years ago, exceptionally beavy stocks of the finest whiskies were laid down to anticipate sales which the quality would justify. These stocks are now fally matured. The result is that WHITE HORSE is now older and better than ever before, excellent as it was.
Millions
Maturing
Gallons
older and
better than ever before.
JARDINE, MATHESON & Co., Ltd., Hong Kong.