BANKRUPTCIES FOR 1935
Loss Recorded But Revenue Up
CHIEF OFFICER'S DEATH
Funeral To-day
Mr. John Michael Clare, Chief Officer of the River Steamer,
HONG KONG DAILY PRESS,
TOURISTS IN PORT
Empress of Britain Brings Fine Weather
SATURDAY,
MARCH 21, 1936.
WELL-KNOWN ARCHITECT
Mr. A. G. Hewlitt Retires
in the Admiraty. He served in Malta and Hong Kong in this capacity. coming first to the Col- ony in 1909. Five years later he returned to Fortmouth but shortly afterwards he came back to Hong Kong to set up in private prac- Wind tice. Eight years later he joined in partnership by Mr. H M. Siu, B. Se, one of his articled pupils, but this partnership WES dissolved. Mr. Hewitt continuing
Mr. A. G. Hewlitt. FRIB.A., the well-known local architect and Majestically entering the Har- civil engineer will leave for Eng The report of the Oficial. Re-Kwong Fook Cheung, was foundbour yesterday for the fifth year
"land to-day by the P. & O, ' $5 ceiver und Registrar of Trade
in succession, the Empress of Bri- Corfu. He will thus sever a con- Marks and Patents" for last year, sel at Po Tak Wharf, Hong Kong tain. the 42,000 ton flagship of the nection, with
the Colony which contains interesting facts regard-
ata.m. yesterday. Death was Canadian Pacie Steamship Co.. has lasted for over 26 years. With
trought in addition to a full ear-il, is travelling his wife and the practice under his own name:
ing Bankruptcy and the Winding-
up of comparties.
Fourteen petitions in bankruptcy were presented during the year seven by creditors and seven by debtors, hs against 1 total of twenty-three petitions in the pre vious year.
lying dead on the deck of the vis-
apparently due to heart-fallure.
The Kwong Fook Cheung arriv-qoe of tourists-and prominent peo- ed in port at 2.15 a.m. yesterday D ́e of the word, a spel of fine from Kongmoon. The Captain weather such as Hong Kong has spoke to the late Mr. Clare at 2.30 not seen for many a dreary day. z.m., when the latter engaged him The pleasure cruiser, at present in a conversation and said that he on a round-the-world tour, arrived beef- carly in the morning from Manila, was going ashore for some tea. Mr. Clare" did not appear to after having previously visited Ba- II. Semarang and Batavia. The be in the best of health but no-
tour is an annual one und thing was thought of it.
Nothing was seen of him unill: year due to the disturbed condi- his body was discovered" lying on |tions-of the Mediterranean Sea, the deck outside the Chief Engin- the liner omitted the usual route eer's cabin. The deceased was of passing through the Suez Canal. In the previous year nine pet!- aged 55 years and leaves a wife Instead she went via South Africa. and three children to mourn his a change which was very welcome oss, to whom the deepest syin to some of the passengers, who pathy is extended
are making the tour for the ele- venth time.
In companies winding-up, eight petitions were fled. Of these one was dismissed, one lapsed owing to failure to comply with statutory requirements in five cases compul- sory winding-up orders were made and one petition is still outstand- ing."
tions were filed, of which two were dismissed, and two withdrawn. In the remaining five cases compul. tory" orders were made.
The lotai
collected assets
The amounted
$363.743.32. W liabilities as estimated by the deb- turs, amounted $1.326,990.63.
to
These figures, which include both bankruptcles and companies - quidations, show a very substan- tap increase in assets collected, and a considerable decrease in the estimated value of the liabilities, on comparison with the figures for the year 1934. A table of com-
parison1
overleaf. appears
The substantial increase in assets col- Jected is mainly accounted for by the fact that some $180,000 has been accumulated in the liquida-
tion
of the American Oriental Finance Corporation. Debtors' es timates of labilities are always only approximate, and frequently totally unreliable.
FOUR TO ONE
Four salaried employees filed petitions in bankruptcy during the year under review as compared with one in the year 1934. Failures included two Chinese rubber shor factories,
dispensary, one
one hardware firm, one manufactured goods firm, are import and export firm, one restaurant, one timber firm, one hotel, and one member ut the Stock Exchange: A greater number of business failures occur- red in the year 134, and the in- ference may be drawn that the in- dustrial and commercial depres- sion referred to in the Depart ment's Report for that year tended to become less severe in the year now under review.
FEES
The sums received for Life Omelal Receiver's commission, und for possession fees, amounted to $31.464.22, showing an increase of $2.101.82 over the previous year, notwithstanding that smaller number of petitions in bankruptcy were fled. The 2ssets of the estates in which dividends were
1.
distributed were greater than in the year 1934.
DISCHARGES
Five discharges were granted during the year, three absolute, cuc subject to suspension for three munths, and one to suspension fur four months. No applications for discharge were refused.
GENERAL
During the year under review "dividends were "paid in 27 cases. at the end of the year slepa had
The deceased was born in Dublin and joined, Messrs. Butterfold and Swire. Co. Ltd., in 1902, with whom he served for 22 years in the China Commencing Navigation vessels.
an officer and in 1922, when he resigned, he was in command of a vessel. He retired to Ireland but returned to the Colony three years ago since when he has been em- ployed on. River Steamers,
His widow and three children are residing at Whiterock House Wexford, Ireland.
The funeral passes tha 'ment at 11.30 a.m. to-day.
TRESPASSING“
1
monu-
Can
Chung Sau aged 60, and Sau (25) a woman. appeared be- fore Mr. Macfadyen at the Kow- loon Magistracy yesterday on
charge trespassing on the Military ground at Whitfield barracks on February 19. First defendant had
an additional charge against him of soliciting for prostitution
this
Excur-
they hope to settle in Bourne- mouth.
فوتر
He has now disposed of the prac- tice to Mr. Fung Tsun FR.LB.A.. Mr., Hewitt, who Was articled FIBA, who is carrying 01 the with Mr. John Lewis Holmes, F.:. business under its original name. I.B.A. of London, served with the Among other buildings, both 10- H.M. Office of Works in Whitehalli cally and in Canton, the Club later securing an appointment it Lusitano was designed by Mr. Hɛw- the Civil Engineering Department litt.
press of Britain is Mr. I. Davis, ù" They are even getting English ne-. pioneer of the motion picture in- tars over, to America to play the dustry in England, and builder of parts because they recognise the the first cinema house anywhere necessity of having clear English in the world.
speech in their films.
AMERICAN FILMS SUFFERING
Mr. Davis recaled that when he
I
"In technique and production the English films compare very and well with American films there is little to worry about on
that score
first came here. the silent films were just being superseded by Special arrangements have been
talking picture. That change has made for the tourists on board for
Special dances are being he'd at meant a lot for the industry the Feninsula Hotel for the visi- their stay in the Colony. stons have been planned for Can-England. he thinks. "In the days
tors, who depart for Shanghai on ton and touring the Colony. Little of the silent pictures the industry shops have 'been erceted whart for their convenience.
on the
PERSONALITIES Traveling on Board is Mr. Wi- lam Molyneux-Cohan, shipowner and partner in the Liverpool firm of H. E. Moss and Co. He thinks that the present shipping condi- tions are slightly better than they were a year ago and he thinks that the reliet measures taken in England are not sufficient to make any substantial difference to the industry.
Travelling with him is his sister Miss M. B. Molyneux, Cohan,
The passenger list this year con- tains as many distinguished names as ever, including:
Baron and Baroness de Gley, uf Seneffe Belgium.
Princess Engalltchen or FASE- dena. California. called the "s- On the first charge both defen- ver Queen" of America owing" to dants admitted that they went up the immense silver interests which to Whitfeld Barracks, second de-she controls. She is making her fendant added that she went with fourth cruise round the world. Chung Sau as he was
et her a job there.
going to
On the second charge Arst defendant pleaded, not gul ty.
Dolective Colling said that they were seen up at the Barracks oy a Bergeant on duty and first de- fendant asked if the Sergeant vanced a girl. They were told to come back a 9 p.m. when they were arrested.
The woman was fined $25, and the case against the first defan dant was remanded for one week
Hon. Mr. G. Howard Ferguson, formerly Governor of Ontario and late Canadian High Commissioner in London, who, together with his wife, is travelling round the world to see the rest of the Empice.
of
Bir Malcolm McAlpine, head Sir Robert McAlpine. and Com- pany. Government Contractors and Engineers, who is making the trip with Lady McAlpine and his three sons Malcolm: Rabin and Kenneth.
Miss Mildred E. Frick, famous dress designer of Chicago.
Mr. Corneliu S. Axentio, a Rou- manian who attended the Ver
Conference, repro- sailles Peace
senting his country.. T
other hand there was a marked increase in the number of fresh applications for registration, and in the number of Arst certificates Mr. and Mrs. granted, so that it cannot be said that the figures for the year as a whole are indicative of undue de- pression.
OPPOSED REGISTRATION
·
Courtney, t Maryland, and Captain Arthur E Nicholson, of Connecticut, the former making their eleventh trip round the world and the latter his tenth.
"There's too much push in the Two applications for registration were opposed during the year. In America people for things to stay one case the application for the registration was withdrawn, and In the other case the opposition was withdrawn.
LETTERS PATENT
bad whatever the government does."" is the opinion of Mr. Fre- derick B. Snite, operator of a chain of finance companies in America and Vice-President of the Chicago Board of Trade.
"During the last two months have improved
already "been taken towards the The revenue derived from this payment of dividends in six fur-source amounted to $183.00" as ther cases, and eight cases were against $159.00 during the previous trade conditions ripe for initial steps. In only year. The small increase is due in America-conditions are three of these 41 cases, was the to the fact that although the dually growing better. All the
petition filed in the year 1935. In addition there were at least 17 cases In which debtors should have applied for their discharge. and at least 33 cases in which trustees should have applied for their release. In the majority of such cases, discharge or release might have been applied for be- fore the year 1935.
Some headway has been made in attacking the problem of un-. distributed dividends, and it is hoped to achieve some reduction In other arrears during the year 1936.
4
REVENUE AND EXPENDITURE
gra-
number of certificates actually trouble in Europe does not worry granted was less by one than in America financialy, either. A war 1934. the number of applications in Europe will benefit her financial- received during the year was ly for the contestants would buy greater.
things and continue to do so after trouble was settled." The following are totals of re- Japanese competition in the American markets shou'd not venue and expenditure for the de- pártment for the years 1934 and warry the American people great- 1935 respectively, including off-ly, says Mr. Silte, because the cers in the Junior Clerical Ser-Japanese product is usually great- vice)-
ly inferior.
One of those who has been four Em- times to Hong Kong on the
1834. 1935
Revenue. Expenditure. .$52,787,18 · $24,805.51 $98.060.04 $22,117.83
This shows a net profit of $75,-
In twelve cases of bankruptcy, | 942.21 for the year under review as bankrupt salaried employees pay against $27,981.87 for the year Instalments and it is customary to 1934, being a net increase of $47,- pay dividends on account as soon❘ us the assets are sufficient to pay ten per cent.
TRADE MARKS The revenue derived from the registration 4) trade arka amounted to $17.527.00 as against $20,334 in the previous year. This decrease is accounted for by the fact that renewal of registration of a number of marks of which the registration period (14 years) expired during the year under re- view, was not applied for. There was also a decrease in the number of assignments of trade marks, and in the number of searches made in the Registry. On the
100.54. This increase is mainly accounted for by the unusually large sum of 329,895,82 transferred to Revenue as unclaimed balances, and by the transfer to Revenue of $19,000 from the Interest and Office Expenses Account. The money to credit in this latter ac- count is derived from interest earned at the Bank. So far as possible, such interest is distribut ed to creditors at the rate earned,. in proportion to their claims, con currently with the distribution of assets. The balance is transferred periodically to Revenue, retaining in hand a sum sumclent to meet pending claims,
"
ALBIL
10 c & 20 c. STORES
1e D'Aguilar Street
and
228 Nathan Road, Kowloon
Wednesday next, March 25.
RAW OPIUM
was in the hands of the Ameri- cans." he said. "but now the post- tion has been reversed and the pletüre industry is literally being
A heavy fine was imposed on Lul pushed into Engalnd. People can- Sze (28), widow for being in not understand the American pussession of raw opium at No. 90 speech and because of the public's Oak Street on March 19. attraction towards the English
The oplum was found concealed speech as in English pictures there in the kitchen of her house. She to-day a wounderful opportun-pleaded guilty to the charge and ity for English production to go His Worship imposed a fine of ahead."
our
"As an example I may state that "In England in
theatres the 1 audiences drop off by 50 per cent. when an American flm is being shown, and in all countries the American films are suffering in the same way-the language used in them is not liked."
$1,400, or, six months.
FOR FAILING
For failing to stop after an ac- cident, failing to report the ac- cident, driving car No. 1607 with- out a licence, and driving without due care and caution,, S. Mona- ghan, Overseer employed with the Shing Mun Valley Water Scheme, was summoned before Mr. Mac- fadyen at the Kowloon Magistracy yesterday.
"The Americans in the days of the silent film made an immense amount of money and controlled the the film industry all
Mr. M. A. da Silva appeared for world. but now the position is al defendant, and the case was post- tered and practical'y reversed. poned till March 31, at 2.30 p.m.
!!
over
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