ASTONISHING SHARE TRANSACTIONS,
DOCTOR IN FRANCE AND LONDON 'FINANCIERS, -
Home remarkable statements were made in Mr. Justice Darling's Coug as 18h all. in a case la which Dr. Hantay Morian Randall, of
·Mentone and Aix les-Bains, a wealthy medical, man, claimed from Poul Nassif and George Nassif, bis brother, in respect of bills and moneys alleged to have been obtained by fraud and conspiracy. The Brothers Nassif were not represented in cont.
THE HONGKONG TELEGRAPH THURSDAY AUGUST 11 roro
THE COTTON SITUATION IN
As a Tule it is difficult' to arrive at a correct climate of the stock of cotten in Bombay on a given date, but the estimate of the 1st Octo: ber last is probably the nearest ever made, an the unsold sick and mill stocks were then so low, that the difficulty of entionation was reduced to minimum. We may, therefore, infer that the actual stock of cotton on that date in all hands (ie., mill stocks, exporters mock, and unsold stock) did not exceed 200,000 bales, Paul Natel was said to be a Greek who de- and that a reliable beats on which to work scribed himself as a slockbroker and 'a'man of fopre estimates was then obtained. Receipts wealth, while "his" brother carried on the busief cotton into Bombay gioca at October bave ness of Sutherland and Co., in London. Pisla produced a record, and up to the 14th July tiff's ccupiel dererbed the concern as "aggregated 1,02,000 bales. Last year's receipts bucket shop of the worst description."
from 15th July to 30th September were 42,000 Dr Randall is one of the long Foglish ales, and we may safely take it that the receipts dactors South of Fiarce.
his year, during the same period, will not Plaintiff's claimed from Friswells (955), exceed 3,000 bales, thus bringing the total Limited, and Sir Charles Friswell, for the re-receipts this year to 30th September to 3,175.000 turn of three ncerptar ces of £1,930 Loco, and bales. Shipments from 1st October to reth July LIB7 109, given by him to Sutherland and Co., reached 1,964,000 bales, and as shipments fast pegotiated by Friswell and Co, for Foul Natsil, year from 15th July to goth September were There was, of course, oo suggestion of fraud 88,000 bales, we may calculate en as much-go- ngaits: these defenda: ts. They were made Ing forward this year; in fact, things now point defendants, said 'cusel, because they ought to to this, total being exceeded. At this figure have bad the'r suspicions aroused that the bills however, the total shipments to roth Ecplem- were impropuly.obtained.
her will be raised to 1,050,000 botes. We now come to the mill cossumption and berein lies the, crux of our whole estimate. We place this for the year, 1st October, 1909, to 30th September, 1910, at 1,080,000 bales, and in making this animate we bave laken the cop sumption at 100,000 bales less than it has been in noy year since 1905 when the receipts have been on a fair scale. We have also barne in mind that some of the mills were not working during the early part of the year under review, It was alleged that he did not buy them, but and we have taken into account the loss in got 'n cheque furto, in account of £4,000, weight consequent on using the rain-damaged which he eventually obtained At this time, and inferior cotton which mills have been bay Inid counsel, Nossit's account at Lloyd's Banking during the last few months, and which re- was overdrawn to the extent of £135. Bd. Later "a bogas trancher was sent, and a further £300
oblaloed.
A LOAN REPAID."
lajos Paul Nassif was attended by the doctor at Aixdex Bains, and borrowed £240 from him, which he terutneil They next met on the train, belwein Menloge and Paris, when Nastidectand das be was a stockbroker, and advised the purchase of Nunfydrong mining shares. Later he opened us sccm n", purport. Ing to buy you of these shares at '355, 6d, op morgia,
Then he advised 250g worth of U ian Paci fica, saying that he had a friend who was very intimate with Barriman, the American "Rait way King." At this time, it was alleged, be had only £12 8. id, to l is credit, having spent the money which the dry or bad sent for the purchase of shares
presents an increase in consumption of about 5 per cent, during the time it has been used. We, herefore, think no one will cavii at our estimate. The figurer for up-country by rail we take at 30,000 bales. icing the above figures in a tabulated form we arrive at the following-
Bales.
Stock of Colton on 1st October, 1907... 200,000 Receipts 1st Oct, 1999, to 30th Sept,
****** 3,175,000
3.37,000
1910.
1910...
Mr. Sankey, plaintiff's counsel, said that Friswells (19 6), Limited, were both dealers in second-hand cars and nevlerders. If the Shipments, 11 Oct. 19op to gath Sept, owner of a war bonowed £171, say, he was given the option to repurchase at 9 per cent. interest. Nassif was off red Ligo on his car at 120 per cent, but if he spent £70 or £80 on re- pairs the interest would be reduced to,97 per crot
6 March N ́15-i wanted more money, and Fri wells' aptira on the rapurchase of the car caine to an end at ahrut the sație. Îme, so George Namif was rest in see Dr. Kendall He told the doctor o story ab ut a file at the Noodjdrang Mine", and. Privia Pacifier, which caused, him in wire to Paul Nassif și "Sell, my. Nuodydrongs, and reicvest o Peruvinns."
•
George Nas if did not tell his doctor that the Paruvian Company bad come to an ead in the previous July, said, counsel, and that the Go verament had sex the line for debt,
The real Nundydroogs which the doctor had
•bought through his own huokers friched £593, and a big bundle of the worthless Peruvian paper went to Mentins, where George Nassif told the doctor that he owed £7. his also ...was paid.
George Nossil next give good nccounts of Nundydroogs (at 74#, 1jc.)
Another "good thing" was East Rand Amalgamated, gold mine turced into a rubber
2,050,000
$325,000
Mill Consumption, 1st Oct, 1969 to
30th Sept., 1910..................................... 1,080,00
245,000
Upcounity by rail ist Oct. 1999 to
Joth Sept., 19to.........................
·Stock in-33.mbay in all hands 161 Oct.
• 1917
30,000
215,000
From the above it will be seen that the stock of cotton on ref October/bis year will be prac- tically the same as it was last year, and as our estimate of receipts from now until the 30th September, may be takes as the maximum, while our estimate of shipments for same period will be the minimum, the stock will probably be less than the figures we give. It should be remembered that this stock will contaio a fair percentage of pomerchantable collop, as a large amount of moin or less raib-damaged staff has reached our market this year. We can scarcely hope to see new crop cotton available for mills in October as the small arrivals of Fengals which may be expected that month will be chiefly on exporters account. Mills would therefore do well to replenish their stocks while there is yet time, as cheaper cotton is not The dactor lock L:00 worth of Nundydroog in sight, and the chances are distlactly in options, and also seen East Rands.
The favour of a rise in the price of sendy collon be stock rose, and before settling time (June) tween now and the end of October. The the deal had beer ferred by Paul Nasulf statistical position of old crop is strong, and the to Sutherland, and Co, which was George situation points rather to a strengthening of
this position than to the chance of any weaken ing fefluence interventog, the more so as prices here.bave lately gives way .considerably. Re- garding new crop it is too early yet to say any
the monsoon,-Bombay Ga selle, but, the outturn will depend on the progress of
farm,
Nassif
BUTHERLAND AND CO
George Nastil ognin went on see the doctor, and advised bim out to sell. While they were discussing.matiert, a telegram come from
Paul Nassif:
TAB KING OF THE COCOSE:
The Times obituary notice of Mr Olunlar Ross adde some bitberto unpublished details.:— The islands were discovered in 16:9 by Caplain William Keeling, after whom the northern sto!! was named. The southern
& or Tacos group appears to ows its nomencla: ture to the Dutch. Their history begins with the landing there, in 1815, of John Clunies Ross, the grandfather of George, who found them uninhabited: Mr. Frederic W. Joans, in a book shortly to be published under the title of "Coral and Atoll," sketches the history of this remarkable man, of his scarcely less ra. markable son and grandson. The family took. refuge in the Shetland Islands after the Jacob ite troubles of 1715, and there John Clunies Rost was born. He led an adventurocs son- faring life for some years, in the course of which he fell la with gas Alexander Hare, the eccentric son of a wealthy London watch: maker, upon whom the East had cast its spell, and whose dream it was to live the life of an Oriental monarch.
The motives of the two were very diffèrent. Haro bad fallen into bad grace with his farmer employars, the East India Company, and was glad to seek a secluded portion of the globe where there were no creditors and no critics of his mode at life. Oluaiss-Ross, as a lover of the sea, desired a sea-gist home; but ba bad also a commercial aim io view. In those days Hastern spices, coffee, and pepper found a ready market but the craps arrived at the coast only twice a year, and the ships engaged in the trade bad to await thecouveufquce of the pative merchants, since no reserve stocks were kept. Clunies Ross thought that a man might buy very cheaply when crops were abundant, store the produce, and sell it at great profit to home ward bound merchantmen. The Cocos Islands ware to be his place of storage, and 'hly vessel, the "Borneo," was to convey the produca be. tween them and the Malayan group.
The plan, however, did not work, and Clunies Ross turned his altention to the coco. palms of the island and their many useful pro ducts, particularly all. These products still constitute the sole commercial asset of the islands. A theving industry was soon ret og foot and prosperity attended the seitsers, desplie
Hare, who treated his people as personal slaves, constant quarrels listween the rival chiefs,
Boon found bis facilon diminished by desertions to the other camp, and many of his: women were carried off. Finally he retired to de lo Singapore, bis courtiers, miusicians, barem, Rod slaves having vanisžed. Clunies Ross Iben lald claim to the whole group, wh ch be ruled for 27 years, dying in 1854. The last years of his life were devoted to study and philosophica} writing. It was during his "reign" that Darwin visited the islands in the "Beagle" in 1836 The great pajura'ist does not seem to have. been very favourably impressed with the con Iditions he found there.
re
|
COMMERCIAL.
August 11th, 1 p.m.
The following quotatious for rubber shares, wire, are supplied by Messrs. E. 8. Kadoorin
Do.
Allagars...
Anglo-Javasar
Anglo-Malays
Balgownies....
..5/3. The 15 ...ay/
Batu Tigarilesıgımba &am Bertens......
Bukit Kafangs (PP:) .....................13/ Bukit Rajabz...
•$18 ·
Carey Ualteds................................32/6 prem, Castlefields...............17/6 Changkat Serdangs ...........$11 Cheras (part paid) .............. Do. (fully pald} .maina comm.$11. Damansara......163/6 Eastern Internationale Fed. Selangort Giticaly......
..18/6 prew.
Glenshiels.......ilakäimani
Golcondar
110/
Golden Hopes.quo p Highlands and Lowlands ........117/6. Indragiri.......................................$17.
Inch Kenneth
Jozgizadors enimne on *** Kamoblogs.61. prem Kuala Lumpors :
180/- Lanadrons (fully paid). Lanadrons (ppd.). →
Ledburys............................ ................................80/- Lloggle.......
London Aslatics London Ventures... Merimaut
Pajams
Pegcha
Saggas
..7/6
$19.
Rubber Trustà.
Sandycrofts Sapongs
27). prem. ...370). .530
IEDEREE
......30/. pram,
71/
514
971.6.
Sorfields
Sekoogs
Shelfords Slugapore & Johores Sumatra Paras ... Stogel Chobaan
Sungei Kapars.com,15/3 Taudjongs
Uln Rantu
..$1.75
United Serdangs............................15/ United Singapores ................... United Sumatras ..................................10/6 United Lungkaia, zapora mesmeri 80).
Plantation Rubber............6/9 per Ib.
SOME RUBBER NOTES,
:
.4
We quote the following from The Financial News:-
The Chinaman-wha. ii. sufficiently enter.
Dividend of 169. per share just declareshing. The crop has made a fairly good start, but under the direction and inspiration of the prising to make his way to Malaya unaided—
To-day's Advertisements.
STRAYED.
FROM Moustalo Lodge, The Peak, a BLACK CHOW PUPPY, without collar; age 5 months, the Properly of LADY MAY.
Finder will be rewarded. Hongkong, 11th August, rexa
WANTED.
(539
N ENGLISHMAN seeks employment in A the Malay States, in Borneo, or eire where as ASSISTANT MANAGER in Tia Ore Mining, or Coffee and Tobacco Planting has a thorough knowledge of Malays; Indians- and Chinesa.
Apply to
Intimations.
***
"O MIYA AUNⱭ
XHI
*ITI¤ ⱭUSSITI
HOM
1. P. Clo Bongkong Telegraph. "Hongkong, ith An ust, 1910.
(337
COLLEGIO DE SANTA ROSA DE LIMA,
A HIGH GLASS Boarding anD DAY SCHOOL
** FOR YOUNG LADIES,
MACAU,
Under the Patronage of His Lordihip the Bishop of Macau.
THE CLASSES of the above Establishment
T RE-OPEN on the Ninth of Septem
ber next.
The teaching of the foreign languages.forms the principal feature of the College; all the teachers being Europeans, Portuguese, En glish, French, and Gorman are taught by skilled certificated teachers. There are four Portuguese tady teachais from Portugal, two English, two Franck, and one German, all possessing diplomas of Certified. Trained Tan chors.
Besides Languages, the girls are taught in their own Languages: Geography, History, Arithmatic, Religion, Morality, and Civility.
Music, Vocal and Idstramental, Paintlogi Oil and Water colour; Needlework and Km. broidery are taught by the same afficiant staff |ol Ladies.
The Convent is situated at the East and of Prala Grande, overlooking the sea. The Clast- Robins and Dormitory are very roomy and airy. Excellent table. The Sanitary arrangemente are perfect.
pu
AINHOO
вонро
The “ABAHI" Brewery ja situated mear the “SUITA SPRINGS,”
The Celebrated water and sand in the manufacturage
our beer
Parity guaranteed.
Noce Price List10
"ASAHI", &, "SAPPORO "
Виет
THE
per make a doa, <jta, $18.00
, per,cuse li dos. pta
$13.50
To be obtained at all Retailers.1
[34
HE BRITISH-FOREIGN IMPORT & The health and deportment of the "children
EXPORT COMPANY, Central Build- are the objects of special cars. Amoothly rings, Liverpool, England, is prepared to port of the progress and behaviour of the girls receive Consignments of Local Produce on is sent to the parents.
For terms, and farther particolars, apply to
THE LADY SUPERIORESS. Hongkong, with August, 19ia,
FOR SINGAPORE, PENANG AND
CALCUTTA
best farma
HONGKONG
[540
Taking Cargo on through Bills of Lading to "Rangoon, Madras and Mauritius,
THE Sleamship
THE
"CATHERINE APCAR,"
Capt. G. F. Hudson, will be despatched for the above Ports on TUESDAY, the 16th inst., at Noon.
For Freight or Passage, apply to
DAVID SASSOON & Co., LIMITED,
Agents. Hongkong 11th August, 101.
Rim
Events Coming.
Friday, 11th August.
$38
Auction sale of valuable Leasehold Property, Mr. G. P. Lammer's a p.m.
Saturday, 13th August; Gymkhana, Race Course, 3.30 p.m.
Monday, 15th August, Crown Land Salo, at P. W. D. 3 p.m. Statutory meeting, Toerangia Rubber Co., 5
Tuesday, 16th August. Hughes & Hough, Auction Sale of Sundry Goods, at Naval Yard, 10 a..
Wednesday, 17th August, Bugbos & Hough, Auction Sale of Sundry Goods, at Naval Yard, 10 2.10.
John George Clusies-Ro succeeded his father as chief of the Cocis. In his time, the islands were first proclaimed British territory, their chief biog appointed Governor, The change of status was nominal. The Governor That there are still many pessimists' on the married one of the islanders, S'pia Duping, s labour question is without doubt; but that thero. Malay of Royal Solo blood, who seems to bave is no^ nesd` for a gloomy view of the genɛrai possessed great strength of character, and to be outlook, so far as regarde plantation companies, Dine children were born. The six bays all am convinced, from an interview I have had received their education in Scotland. Th: with a gentleman so well qualified to speak on clides, George was studying engineering the subject that bis opinion is of value. The at at Glasgow: whes be Was
recalled to labour difficulty in the East, he said, is fast: help his father is the work of disappearing. Coo'les have recently been fliw- establishing the industries of the islandsing into the Malay States very freely, and the after a severe cyclone, which devaniated them quarantine, campi, into which they are crm. 1851. He was born la Bia, and succeeded palied to go, before starting work, have for his father at the age of 3 Endowed with nil some time past been continually full. This, to the remarkable characteristica of, bis grand-" a large extent, is due to the influence of those falber, George Clunies Ross, he speedily coolies who returning to their native villages facared the devotion of bis subjects, in all with what, to them, are important soms of whose antive arts and crafts be excelled. One money spread the news ameng their people of them, loig, a Malay, he married. Through telling them what the work is like, how the her bis eflence over the natives was streng conditions under which they are housed, kept, thesed, for I sin, liks S'pia Dupong, appears and generally looked after are Improving to have bres a woman of high character and greatly, and how they also may become small unswerving devation. By the introduction capitalists, adding, perhaps a little embellish. of modern nich oery and tools the pros.ment nathe good qualities of this or that man. perity of the islands was greatly stimulated, ager. As a direct consequence, kangacies are Grovet of coconut palms were planted, and now obie, to recruit labour with comparative, the uit was exported to Java for use in the ease. tighthouses of the Malay Archipelago. An- other cyclons devastated the Cocos in 1876,
Governor the fortunes of the islands were res- tored. About this time another political change took place, the group being placed under the Government of Ceylon and Letters Patent grant ed to George Clunies Ross. Six years later the Cocos were transferred to the care of the Gaverant of the Straits Settlements, and a- | Grant-in-Vee was given to their roler.
Characteristic of the third ruler was the voyage to England which he liedertook in 1855 | to a schooner of 178 tons, which he himself bað
buili, he embarked with bis seven eldest child-trained. res. His brother served as officer, and Islanders formed the crew. The voyage round the Cape- tasted six months, the two brothers keeping The paucity of good managers would seem. watch and watch about, and it is recorded as 10 offer more serious food for reflectios. The proof of their seamanship that the malsall was large increase in the number of plantation never once lowered; despite all kinds of weather, companies has not only occasioned a abuffi. Ross is worthy of note~an attempt to colonias appointment to responsible positions of men that the captain and crew of the Louther Ronge Amazement deepened as be read: white Christmas Island. The colonists prospered for with moch lass experience than is desirable. have established a claim upan Austrias grati.cloplant with two lille'" baby elephants; i a time, but upon the discovery there of valuable There is evidence, however, that even this tude. Commenting briefly upon the rews, the bear (performing) ja donkey; "dog"
deposits of phosphate of lime they had to re difficulty is being thoroughly grappled with Framdenblat writes ;-
W-where d-did you lose this menagerie, treat before the advant of commercial exploi partially by the appolatmost of well-known The whole of Austria will hear with deep miss? he managed to stutter, What were you toss, in 1901 the seclusion of the coral lelands i planters as visiting agents and parily by ap-! (bankfulness and inmost gratitude of the salf. sacrificing effert made by the crew of the Hog. doing with all those brasts,
was broken by the cable and the establishment poleting to the white staff of an estate picked Wish versal to paya the Austriap steamer-an Ab Thoy are 'not boasts. The whko ale- on the islands of a staff to work it, but la their men of promise, The powers that be in an im efort in which an English officer found a hero's phant was lovely, and the bear could stand on remoteness from civilization they still ramalu portant group of companies have lately sent death. By the play of chance a good part-of the passengals of the Lloyd steamer were Eng. bla head. Yes. On his head. 1 lose him is aa little wild apart, Money is unknowa, and out quite a number of selected men, who have the parchment notes of George Claules-Ross already obtained much of the necessary quail. Bombayud their praise of the devotion After farther explanation, the safullon came remalo the sole medium of exchange. More fication in a thorough training at various agri.
Féultural colleges, The lady was Mila Leona, of the Alhambra, over, in spite of the absence of police, and who had bought a car signment of toys for her soldiery, perfect order prevails and crime is a little nephews and nieces in Paris. After purtare thlog.
on Nusdydroogs, payable to holders at crd of July.
The docter hald oa in his shares, and was- induced, said counsel, to give bills for them. These found their way into the hands of Fris-! wells (1956), Limited, and Sir Charles, Frinwell, to whom Paul Nassif was indebted.
Before the adjournment counsel added that there was a warrant out for George Nassit's arrest, that Paul Nassif was an undischarged baukiup), and that George was waiting to he adjudged bankrup.
THE SALVIÑO OF THE TRIESTE,
"AUSTRIA'S APPRECIATION OF ENGLISH
HEROISM.
MISSING MENAGERIE.
AMUSING INCIDENT AT SCOTLAND YARD,
There was a flatter at the Lost Property Office of Scotland Yard the other day when a very distressed and charming lady, attired in a beehive hat and the tightest thing in skirts, stepped daintily in and sobbed, lu a pretty Iccent, Mes déphants, my elephants, I bave lost them,
*For a moment the officer in charge looked aghast. Visions Alated through bis mind of wild elephants roaming the streets and charg ing panic aldicken crowds. Then the official
is also playing a greater part. Hitherto there has been a reluctance on the part of manage: meats to employ this class of coolis, owing to the higher rate of pay be demanda; but it is now being recogalsed that an increased cash payment of perhapa' 15 per cent, does not show as such in the actual working costs, Chinoman, said my informant, is the best tapper in the world, and although he exacts & bigger payment per day for his services, he does much more work and is more intelligent, and roadily
The
The details of the naiving of the Trieste pub. | babit asserted its sway. He hald out a yellow | Ona ofher event in the career of George Ciuplas. Jing of managers, but has recessitated the
ished in Vicuna, on July 4, deepen the feel. Jog expressed by the New Wine Tablet paper, Fill up your form, please, miss,
fish, and they are, according to the cams from
and efficiency of the Auriṛian crew.
The News Wiener Tagblatt, which is the only Austrian journal to pablish a direct des patch from Bombay, writes:-The ready help fulness and devotion of the English steamer Lamikor Range, thanks to which the Triwie escaped the dangers of the exciting voyage; and out in brilliant lights and the tid nga will be keurd with sincere sorrow that ́an sopluser
of the English: vessel lost his life in the work, of raicus... The memory of the braya man wil' be held in hongur,
Lexi.
In these days of good prices for the raw material no effort is being spared to market as much rubber sa circumstances will permit'
chasing the toys she drove to the Dover-street Sydney Clunier-Ross, the eldest son of the siedios for a sitting, sad left them in the cabats Superintendent," succeeds his father in ¦ without lajury to young trees. The manager after paying it off. On the advice of the control of the islands, studio manager she proceeded straight to Scol
of one' well known plantation company, pend- ing the arrival of up-to-date machinery, is said
and Yard, and the los, 'property form which SOXE7,00 acres of land has been applied for 'be doing good work in turning out the pro-
sha filled la la probably one of the most re- in Kelantan for rubber plantations. The apduct from his estate with the ald: of a commos muckable la the archives of the Yard, plicante pre Murópuané, Uhinese and Malaya," | mangle,.
Thursday, 18th August, Legislative Council meeting, a 30 p.m
Saturday, 20th August, Hongkong Bank meotleg, City Hall, at noon. Aquatic Fée, V.R.C., 9 pm.
CLUB
PRICE
NONGKON
1455
SHANGHAI INTERPORT SWIMMING
THE
GALA
AT SHANGHAI,
SEPTEMBER 1, 2 & 3, 1910.
"HE HONGKONG SELECTION COM- MITTEE invites all candidates to practise in the V.R.C. Bath between 5 FM. and 7 EML. daily,
FRANK LAMMERT,
Hab. Secretary, Victoria Recreation Ginb.
($14
- Hongkong, gth August, 1910,
SAVE YOUR HEALTH
in drinking the cheapest and most
•
agreeable Table Mineral Water
1
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approved by the French Faculty
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Large Bottles ........................$0.30
И
Dozen
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бо
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33,50
-73.20
147
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Price $16 per case from
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12, Queen's Road Central,
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