HONG KONG A A
PRESS, SATURDAY, AUGUST 3, 1935.
HAD NO INTENTION OF SPECTACULAR HONG KONG VOLUNTEER
LEAVING CHINA
A.-O. Bank President's Answer To Charges
Mr. Frank J. Raven, formerly president of the American- Oriental Banking Corporation, the American-Oriental Finance Corporation, the Asia Really Company, and the Raven Trust Com- pany. at Shanghai, in the United States Court for China, answer- ed the bill of complaint fed by Mr. Frank L. Hough, the liquida- tor, on June 29.
Mr. Raven denied Mr. Hough's two principal charges, which":" were that the Bank has been insolvent since December 31, 1931, and that Mr. Raven owes she Bank the sum of Tis. 135,000, which he received in January, 1932, as an honorarium. He stated that- at the time the Bank was solvent, and that Es shares were quoted then and for some time after on the Shanghal market at twice their par value. He also stated that he repaid the Tis. 135,000 to the Raven Trust Company on February 9, 1933.
He' stated that the bill of ne excai served on him was un- necessary, as he had at no time had the Intention of leaving China and the jurisdiction of the United States Court,
21
Following
Is the gist of Mr. Raven's answers, these being prac- the tically identical in each of three cases--the American-Oriental Bank, the American-Oriental Fin- ance Corporation and the Asia Realty Company
Defendant admits that during all of the period of five years last past, the defendant has owned and controlled a majority of the voting stock of the Raven Trust Company, Federal Inc., U.S.A., a corporatioz, "and admits that the sald corpora-
tion now owns and controls and
during all of said period owned and controlled a majority of the voting stock In the American-Oriental Finance Corporation, Federal Inc.; USA, a corporation, and admits that the said corporation now owns and controls and during all of said period owned and controlled a ma-
ity of the voting stock in the American Oriental Banking Cor- poration, but defendant denies that during all or any of the period of five years last the defendant has controlled the Bank.
dant received no compensation, at that time or at any time prior to January 12, 1932, for his services as promoter and organizer. The defendant acted actively and con- tinuously as an officer of the Bank and
as organizer of its affairs without any compensation other than payment of T.s. 135,000 above referred to for about 10 years after the organization of the Bank and it was well understood between the deferidant and the directors that he would receive compensation for his services as promoter and or- ganizer of the Bank and-in respect of his many acts of Bank to bringing the
prosperity when the circumstances of the Bank would warrant a reasonable payment and in all the circum- stances the payment made was
reasonable,
fendant
FIRE IN SHAI
Scores Trapped by Blaze
Shanghai, July 30, Scores trapped, hundreds just escap ing in the nick of time, such was the ale last night as the village of Two Nien Tung, on the Pootung shore become a raging inferno, just before 9 o'clock.
Just where the fire started could not be established last night, but it was somewhere
Dear the south-east boundary of the packed mass of straw hats, wood hats, and smattering of more substantial dwellings that made up the big village. Shortly before 9 p.m. the alarm was raised, but so strong was the south easterly man- soon wind last night that the alarm must have come too late for scores of unfortunate residents, most of whom were, of the coolie class, and were undoubtedly trapped na they settled down for the night.
All Bornt
Tsao Nien Tung, inhabited largely by coolies and workmen river workers, dock workers, and others travel back and forth from Nantao to their work daily, is situated just behind the Okura Wharf and the CER. Yangko doo Wharf, slightly upriver from the China Merchants Yangkadoo Wharf. At least, it was situated there until last night's holocaust turned it in a mass of ashes, tot one house, to all appearances, having escaped the Asmes.
DEFENCE CORPS
*Order by Lieut.-Colonel H. B. L.No. 3116, L/Corporal W. K. Dowbiggin 0.B.E. Commandant, Robinson and reverts to Private. H.K. Volunteer Defence Corps)
GENERAL
ORGANIZATION The Reserve Company has been re-organized into the following Categories with effect from July 1. 1935,
Unit Reserve Section Members are attached to their former unit for all purposes and
U.S. BASEBALL
New York, Apg. 1.
Neither of the New York base- ball outfits had fixtures to-day and,' in their absence, both the
Giants in the National League, and Cardinals, who are second to the
the Tigers, who are top of the American League, won their mat ches.
No. 2252, Private I. S. Forbes. RETURN FROM LEAVE No, 2049, Acting Pipe Major, J. A. The Cardinals were opposed to Riach returned from leave on Julythe Cincinnati Reds whom they, 21, 1835.
LEAVE Oficers
Cap: E. G. Stewart, No. 1 (M.G.) Company as from 1.8.35 to 14.8.35. Lieut. E. M. K. Mead. Troop, as from 2.8.35 to 30.8.35.
Other Ranks
No. 2095, Gunner E. B. Brasier-
will wear the uniform of the par-Creagh, M.C, as from 9.8.33. to ent unit. The Section is adminis-8.10.35... tered by OC. the parent unit un- No. 1990, Sapper D. Orr, Corps der Volunteer Ordinance No. 10 of Enginter, as tram 307.35 to 18.9.35. 1933, First Appendix, paragraph 8
i Reserve. Company Section "A":——
Commanded and administered by DC. Reserve Company under Volunteer Ordinance No, 10 of 1933, First Appendix, paragraph 6, "
This Section is composed of ex- volunteers who wish to remain with the Corps and carry out the prescribed programme of training but have not enrolled in (a) above.
Section "B"¦- Administered by Adjutans, Hong Kong V.D.C. Composed of volunteers who are not enrolled in either (a) or (b) (1) above and residents who have previous Ser- vice training.
ex-
The Section will not be called upon for training in peace.
PARADE
No 1778, CQM8 H. F. West- lake, Armoured Car Section, as from 8.35 to 228.35..
STRUCK OFF THE STRENGTH Fermitted to Resign by Efficiency.
Board No. 1667, Private B, G. Clark, Armoured Car Section, as from August 3, 1935.
Completed Three Years Service No. 1873, Private C. B. Dalziel, No, 1 (M.G.) Company, as from July 30, 1935,
STRENGTH
No. 2369, Bignaller D. C. H. Mel- on. Reiss Massey & Co., M.G. Btn.. "Signal Section, 28.7.35.
No 2370, Private A, A, Bremner, Lowe Bingham & Matthews M.G. (Scottish) Coy,
30.7.35.
"
►
It was no more than a bare few minates that the faines took to sweep right across the half-mile or so of village. Those who escaped had to do sq through the tortuous winding alleys, most of them getting away on the side away from the river. By one of those strange mercies which often accom
Battalion. No. 2 service in pauy disaater, the high bamboo, fence along the Okura Wharf property, Was early to burn, and about three hundred villagers, who would otherwise have been certainly burned to death, escap- el into a piece of vacant land' inside the fence. A few had a handful of personal belongings, many had not- hing. By midnight, this quiet, strick. er group of people, bad started to erect some sort of shelter from the wind, with a few boards salvaged spend the night next to their ruined somehow, and were settling down to bomes.
By way of special defence, de- alleges that any claim which the plaintiff may have by reason of the premises, is barred by the laches of the Bank in that
a period more than three year has elapsed since January 12, 1932, when the plaintiff alleges that said amount was due and repayable by the Defendant to the Bank,
No Intention To Leave
惩
"J
Defendant denies the allegations of Paragraph S and alleges that the assets of the Bank on January 12, 1932, were more than twice its labilities, excluding its capital "stock, surpluses and undivided pro- By way of defence to the applica- Ats and that the cash on hand and
don for writ of ne exeat issued in banks on that date was ap- herein on June 29, 1935, defendant proximately 44 per cent, of all de-aleges, that said writ was issued posits. and that its shares of stock,
were then and for some time there-
after currently quoted On the Shanghai market at more than twice their par value.
Control Denied
Defendant admits the allegations of Paragraph 6, except that de- fendant denies that he controlled the Bank on January 12, 1932, for the reason that the directors of the Bank were elected at all mater fal times by the stockholders there- of with the sole object of obtaining men of representative character and ability, and the defendant never at any time yo.ed his own shares or caused the Raven Trust Company, Federal Inc. U.S.A., to vote its snares in the American
Oriental Finance Corporation, Federal Inc. US.A.. for the purpose of electing or opposing the election of any candidate otherwise than for the purpose aforesaid, and the
Godowns Menaced
Corps Engineers Thursday, August 6, 1935: Parade at Whitfield Barracks at 5.45 p.m. Overa}) should be worn,
Corps Signals Parade at Volunteer Headquar- ters at 5.30 p.m. on:
Tuesday, 6.8.35 for Signal In- Thursday, 8.8.35 for Arms Drill. struction.
Motor Machine Gun Section Section will parade on Tuesday, August 6. 1935 at Volunteer Head- quarters at 5.30 p.m
At one time the blaze menaced.. the godown on the C.E. wharf The staff of the wharf have, however, a few lengths of hose and a water tank
Subject Driving practice. for their own protection. Though this
AIR ARM was useless to help the villagers, it did manage to save the wharf pro-Wright to Air Arm Reserve until Flight Cadet (Hon. Lieut.) J. F. perty, of which some parts on the edge nearest the village were at one
December 31, 1935. time alight.
Public Safety Bureau, were helpless The Pootung police, attached to the
without notice to hum and without a hearing; that the application therefore was made by the plain-vestigation last night, though by
so attempt any rescue or even in ti heedlessly and without any dawn this morning they were busily knowledge sufficient to found a at work." belief that the defendant was about to depart quickly from the jurisdic-
tion of
this Honourable Court.
FRAUD HINT RESENTED
Raven's Counsel's Protest
The defendant had in fact inform ed the plaintiff that he would not leave the jurisdiction of this Court until the affairs of the Bank, the American-Oriental Finance Cor- poration, the Raven Trust Com- Pany, and the Asta Realty Com- pany were in such shape that the Equidator should consider that the defendant could go from China if
Shanghai, July 30. he wished. The defendant ex- In letter delivered yesterday to Pressly, stated to the liquidator Mr. Frank L. Hough, liquidator of the that he would not leave the jur- tion Mr. Richard T. Evans, on behalf
American-Oriental Banking Corpora Isd'ction of this Court at this of Mr. F. J. Raven and the officers of tame because his absence might be the three Raven companies now in misinterpreted by some persons. liquidation, said he wished to protest The said wrly was at the instance against allegations made by Mr. Hough of the plaintiff served on the de-in the press concerning the conduct of
said directors at all material times tendant at 10 minutes before mid: the affairs of the company concerned.
exercised their independent judg ment and discretion without any control, direct or indirect, of the. defendant, and the defendant denies that he was present when the resolution referred to was dis- cussed and passed, though he was discussed and passed, though he
night on June 29, 1835, and said service was harsh and oppressive and in violation of the Plaintin's rights.
that the Bill of Complaint herein Wherefore the defendant prays
may be dismissed at the plaintiff's was present when the meeting re-discharged without prejudice to costs, and the writ of ne exeat ferred to commenced. The defen- dant did not know prior to the meeting of January 12, 1932, that the subject of the
tion, and the defendant neither asked nor suggested that said re- muneration be paid to him and he had no knowledge thereof until the resolution referred to was communicated to him after the meeting. aforesaid. The defendant paid the cald sum of T135,000 to the Raven Trust Company: Federal Inc: UBA, as a donation for the purpose of increasing its liquid capital and the defendant did not then or at any time use the said sum of 135,000 or any part there of for his personal benefit.
Expense Allowances":
exeat.
"
RED SCOURGE IN EAST KIANGSI UPROOTED
18pecial to the "Hong Kong Daily Press" (Copyright).1
RANGE FINDING CLASS The Class composed of Troop. Machine Gun Section will parade Armoured Car Section and Motor
at Volunteer Headquarters at 5.15 pm, on Tuesday, August 6, 1935,
A Course in Range Finding com- posed of ten ranks of the Corps Infantry will assemble "at Volun- teer Headquarters at .5.25 pm on Tuesday, August 6, 1935 and con- tinue every Tuesday until Septem- bet 3, 1935 (inclusive).
INTER COMPANT TRANSFER From No. 1 (MG) Company, ta No. 2 (Scottish). Company' with effect from August 2, 1935----
ABSENCE OF CHOLERA
IN SHANGHAI
Fears Unfounded
(Special to the "Hong Kong Dalls Press" (Copyright).]
Shanghai, July 30. Dr. Wu Len-Teh, Chairman of Bureau and
it was Mr. Hough's duty to be "fearless While be appreciated the fact that and outspoken," be trusted that in future he would confine himself to statements of fact and abstain from the Central Choleri comment concerning the former officials of these companies.
then.
Director of the National Quaran- tine Service, presents the follow-
ing report on the cholera situa
tion in Bulletin. No. 2-issued this
Four weeks have elapsed since
Bulletin No. 1 was published. No
of
The body of the letter, which is dated July 27, contained a reply to allegations by the liquidator that the the plaintif's right to take such liquidation and the failure of the Bank
Raven companies had been insolvent, summer. for some time before they went into action as he may be advised in had nothing to do with tight money respect of any claim for damages conditions in Shanghai.
definite case of cholera has been payment of in the matter of the alleged wrong-
recorded either in Shanghai or any 135,000, referred to in Paragraph
In reply, Mr. Evans said that an
Occasional 6 aforesaid was under considera-ful application for the writ of neexamination of the statements of other city of China.
accounts of the American-Oriental cases of suspected cholera con- Banking Corp, the American-Oriental tinue to be reported from Swatow Finance Corp., the Raven Trust Co., and Amoy. None of these were and the Asia Realty Co., prepared at confirmed in the laboratory, so the end of December, 1934, would satisfy him that they were solvent
on the whole one may say that this year has been a clean one" so Higher Cash Percentage far. When one took into consideration Owing to the disastrous floods money conditions prevailing in Bhang in the Yangtze and Huangho hai towards the close of 1934, he con valleys, fears of outbreaks sidered that the bank's saab reserve cholera have been repeatedly men- compared with that of other banks Ltioned in the newspapers without proportion to their deposite, had a higher percentage of cash against suficient justification. It must be to have been completely torn up depleted as people began withdrawing now used is definitely applied to deposite. The caab reserve became pointed out that the word “cholera" with the capture of three of the their deposit, due to the tight money an infectious disease caused by a most influential Communist lead-conditions." Now it may be con specific micro-organism called the ers near Tamoushan, a mountain- tinues the letter, that a bank ought
not to lend on the shares of any of its cholera vibrio, and should not Affiliates, but that is quite another therefore be loosely applied to all thing from saying received the monthly sums and Red leaders has been received here fraud and that that such leading is alimentary troubles occurring in
It means that there bonus as stated in said paragraph, from, Major-General Chao Kwan- condition of insolvency me
The summer discases hospitals, but alleges that these were re- Tao, divistona) commander, who The full text of the lett was pro-
pared by Mr. Evans prior to his though prepared for all emergen- departure for Tientsin on Saturday cies, seem deserted becaused even evening.
ordinary cases of gastro-enteritis are not common. The result is
been given at the Tibet Road In- that only do caline infusions have
fectious Diseases Hospitals this
China United Preis (by mad)
As to the allegations of Para graph 7, defendant admits that he
Hankow, July 25. The root of the Red scourge in east Klangal is generally believed
ous reg on in east Kiangal.
News of the capture of three
14
ceived and receipted for as ex- has been conducting a punitive pense allowance and not as salary, campaign the Communist rem and defendant denies each and nants in that section of Klange. every other allegation of the sa'd The three captured Communists paragraph The Bank was or are Tang Tsal-keng, head of the chief of staff, and Hsu Yen-Yung, ganized in the year 1917 and the colitical affairs department of the head of the justice department of defendant was the promoter and Chinese Boviet regime in Faklen, the Red government.- organizer thereof, but the defen-Chek ang and Kiangst; Chow, Chi, China United Press (by mail).
year
(sd.) P. S. M. WILKINSON, Captain, Adjutant, H.K.V.D. Corps.
NOTICE
beat by 7-5, while the Tigers won from the St. Louis Browns by 6-3. Results of to-day's matches Tol-
low:
NATIONAL LEAGUE
Brooklyn Boston
Chicago Pittsburgh
(Vaughan scored for the Pirates).
St. Louis Cincinnati
R. H. E,
4 11 0
2 11 0
5 10 1 8 10
home ruz
7 12
5 10 J
(Lombardi scored for the Reds).
a home run
AMERICAN LEAGUE
RH.
5.
Cleveland
8 10 Q
3 10 0
'. Chicago
(Hale scored a home run for the Indians)..
St. Louis.... Detroit
Boston
Washington
3
8
2
6 14 0
5 9 I
9
17
0
(Buddy Myer scored a home run for the Senators)." Heuter.
EGYPTIAN JEW ON LIBEL CHARGE
[Special to the "Hong Kong Daily Press" (Copyright).3
H.K.V.D.C. Year Book 1935-1936 Unit Commanders are raminded.]
relating to their that all MSS
Cairo, August. 1. respective Units must be in the j Proceedings on a charge of hay- hands of the Editorial Committee ing libelled the head of a foreign by August 10 at the latest.
All resettes issued to officials of the Swimming Sports on Saturday. July 27 will be returned to C.S.M. Padgett at Volunteer Headquarters as soon as possible.
Headquarter Offices Headquarters Offices "will be closed on Monday, August 5, 1935 (General Holiday).
state, has been started by the public
prosecutor against
Eygptian Jew named Maurice Fargon, who recently published a pamphlet entitled "Adolf Hitler" which contained defamatory state- ments concerning the German Chancellor. The date of the trial is fixed for August 21.- Transocean Ann Mia
II
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