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TUESDAY, JANUARY 30, 1933.
CHINESE NEW YEAR.
Peking Government's Financial Steps.
Peking, Jan. 29.
KWANGSI NOTE CASE. meats, issued by a bank now net existent, the first count in the in- "stment could not possibly appl- Proceeding to argue on the securt, count, Mr. Zeithyn said that if the At the Criminal Sessions yes notes produced were not banknotes
It is reported on good authority |terday afternoon, the case was and therefore not valuable securi
continued in which four Cainese ties, why could not be for instance.that the Minister and Vice-Minister were indicted for alleged forgery of impose or super-impose some num of Finance cantamplate the issue Kwangsi banknotes. Mr. Zuitlynbers on them? If the notes were of short term debentures amounting indicated his defence, which was to the effect that the notes were inherently worthless the numbering to 15,000,000 to overtide the New of them would only serve to enhance Year. They will be secured on the Mr. George Banker, of Messrs, and stress the fact that they were salt surplus and the project is to be Research Com- Geo. Banker and Co. shipowners, worthless. He had, of course, an referred to the Cabinet to-morrow, gave expert evidence in regard to answer to the case on the merits, The Financial the notes He
readjustment expressed the but he was entitled to save the pri- mission is discussing plans for the opinion that those produced were oners from the jeopardy the domestic loans. Li Uen-yuan, on would be plated in if the case went assuming his post at the Ministry, to the jury. He thought the case telegraphically explained to the
worthless.
fraudulent.
ם
foraign
and
KELVIN MOTORS." Elsley Zeitlyn, the witness said was so very, very thin that when Provinces the financial situation
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its doors and the staff cleared off.
are mort-
LEAGUE OF NATIONS.
In cross-examination by Mr. that in June of last year, when the his lordship had referred to the evi-paleting out that nearly all the invading Kwangtung forces were Kowloon 21 in Hwangsi, the Kwangsi Bank shutdence, to the worthlessness of the Government revenues
documents, to the fact that the gaged, while the officials, soldiers. the brink of The first messure Kawlogo 633
Mir. Zeitlyn: I suppose when the money changers as long ago as July and police are on
the readjustment of invading forces took possession of of last year refused to take them or starvation. STEAM LAUNCH FOR SALE. the place the first thing they were give anything for them, he would should be
anxious to do was to issue notes or find it very diâcult to discover hia domestic loans and the consolida- paper with which to pay the troops? there had been any offence even ition of funds, but contributions Witness: No, they lived on the the prisoners had reproduced the must be forthcoming to meet the
The only evi ordinary expenditure--Reuter people first
whole of the notes. And having ceased living on the dence against them was that they people they produced notes with had machinery in their possession which to pay the troops?-Some of by which they could per ainmbers on them brought notes with them. ther
Is it in your opinion, possible
"An Arithmetical Axiom.
China to Ratify Covenant. that these men who came up from
was that His submission
Pesing. Jan. 29. Kwangtung looted the Bank?-Yes,;
The Government has submitted but I am afraid there was nothing ever was printed on the document was calculated to remove any linger to loot.
Did the staff take all the barking wilspicion there taight have been to the House of Representatives Hithe Covenant of the League of notes with them?--Yes.
How do you know that-They torilship was not entitled to read Nations for ratification-Beuter. chartered two of my boats to carry into the wording of the note a pro them away? They ack them in mite to pay the very language exe- "Dne dollar is equal to elnded it. You did not see what the boxes
ten cents pieces. That, in his contained? No.
a declaration of an Do you know whether the Bank opinion, was kept in its coffers unissued notes arithmetical axiom. It was proba- bly the very thing a military com- in an unnumbered state-No.
21. Ashley Road. Kowloon
Back of Star Theatre.
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WEE CHEUNG-
Photo Sapplies Photographers.
films, always in stock:-coll camers, papers, and pictures of local and S. China views. Ice House Street and Beaconsfield Acade.
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DOINGS OF THE DUFFS
BOOO-HOO0. BOO-HOO-
OH TOM 1'50
HAPPY!
YOU DONT LOOK HAPPY. WHAT'S THE
TROUBLE?
|boxes.
that this
a banknute.
what-
Mr. Zeitlyn showed the witness mander leading his forces into a ohe of the Kwangsi barknotes and neighboring province would do, asked if it was genuine. The wit. He would be careful të guard him. ness replied in the affirmation.
NAVAL OFFICER'S SUICIDE.
Sad Affair on the U.S. Flagship.
which
he
Manila. Jan. 2. Lt. Commander E H. Douglass. well against any promise to par,Paymaster of the Buros, flagship Astatic Fleet, has Any of the I. S.
-uicide because of committed either implied or expressed No Promise to Pay. Taking a dollar note of the Hong-implication to that effect was ex-
the ship's cantees kong and Shanghai Banking Cor- cluded by the wording on the back worry over a shortage of stores in pocket, Mr. of the document. Hitherto," said discovered after the desertion of poration from his Zeitin harded it to the witness the military commander, the bank-the man in charge. Commander remarking. amid laughter. My notes issued by the Kwanza Bank Stearns of the Huron pays Lt.. the Commander Douglass a tribute as ord 1 do not want to make it in have been in current use in exhibit I want to put it back in market". The evidence had ennelu sa able naval officer.-Reuter. sively proved that they were. my pocket."
not
Mr. Zeitlyn pointed out that ontrat today. The Eank was no He Hongkong and Shanghai bank) Jonze in existence and the persoa
note
there were
the
words
the
"Promises to pay the bearer on defne! Pad appeared, taking away the mand one dollar seal currency banknote in the parking cases, un and having ascertained that a sim. Mr. Banker's ships ·
The Judge: We hope he was paid lar phrase was printed on Kwangs back notes, asked the wit-for his services.
the ness to have another look at note which he had said genuine one.
say
Mr. Zeitlyn. I hope he was not was a paid with these notes.
therefore valueless.
NOTICE OF REMOVAL.
THE ANDERSON MUSIC GOY., LTD.
Are Removing on February 1st.
From S, Beaconsfield Arcade
TO MORE CENTRAL AND COMMODIOUS
PREMISES AT
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5, BEACONSFIELD ARCADE,
12. JAN..
1923.
NOTICE OF REMOVAL
The STEAM LAUNDRY COMPANY beg to inform their Customers that the Hongkong Depot will be at 16, Stanley
Street, Telephone Central 1279.
1st January, 1923.
From
first turning on right of D'Aguilgar
Street.
"The notes
of
are not to be underrated or dis- The legitimate value of these counted," the declaration said. things was 30 per cent below their face value, if they had any face
the absence mitted that in value at all. Mr. Zeitlyn sub- evidence on the part of the owner of the copyright of these docu- ments that they had been guilty- of a breach of the copyright law bere was nothing his lordship would be justified in leaving to the jury.
Notes 80 Per Cent. Below Par. The witness admitted there was With the establishment of the declaration went nothing about promising to pay-Republic" the It said that the note was worth ten on hair (the notes) credit has The been greatly increased." ten cent pieces.
exist any longer Mr. Zeyn
the Bank did not 1:
Useful for Decorating. and therefore their credit was mil. „hout promising to par!
Mr. Zeitlyn asked his lordship Witness: If you took that theThe credit of the Republic could Hunk at
tane you could not help them; the Bank had gone to assume that the Kwangsi Bank worthless. had shut its doors and gave up and the notes were
"as business, what was to preclude silver bit.
The declaration proceeded. jlu further or we examination Mold banknotes are insufficient for them sending to him hundreds of Bunker said that Lak Wing tin cireslation an additional issue is thousands of banknotes as waste started the Kwangsi Back. It therefore possible." What was paper and for him valueless as any roubia note. not n. private institution but a that more than an expression of valueless as
step it would be Why could he not buy roubles and erent concern" Ife would not say some political whether any
Kwang banknotes wise to take, asked Mr. Zeitlyn. sell them to another, if only for were issued by the Cantonese Com "Large sums of money have been the purposes of decorative art? mander when he was in possessionprepared for the purpose of cash-The evidence of Mr. Banker show- the view to creating ed that the Kwangtung Army took He did not ink so because then with Cantonese Army had notes of their facilities for the money market." their own notes with them. Even They now knew there were nonn invading army would not use Auch sums of money at all, and the Kwangsi notes, which showed even if money was provided, there their utter valuelessness.
The Judge in announcing that was no channel through whigh it could pass.
Even if they read he would give his decisioh on the into the declaration "large sums points raised by Mr. Zeitlyn when for the prosecution Mr. Zeitig have been prepared for the pur-the Coart again sat, said that it whires the Judge va-the pore of cashing these notes," they he was asked to decide at that Í aspect of the case, during which the had not got it, and even if they moment as at present advised he was the uncontested was in favour of Mr. Zeitlyn ca that the first count but against bim ca Jary retired. M. Zeitlyn refereed bad, there
evidence of the witnes323
!
276.
Me Zeitlan: How do you know. With I have seen them.
Counsel's Submissions.
3 the conclusion of the evidenc
to the interpretation of a valuable there was no money, that the the second. He would consider security and contended that as the Bark did not exist and could not the matter further and give his
notes, which
decision this afternoon. Kwangsi notes were worthless docu- redeem the
Helen Sheds Tears of Happiness.
VERTERDAY MRSANDSTONE TOOK ME OUT AND SHOWED ME THE NEW HOME YOU BUILT FOR ME - AND TO THINK 1 MISTRUSTED YOU AND YOU WERE DOING SOMETHING FOR ME ALLTHE TIME - I DIDN'T SLEEP. ALL NIGHT THINKING ABOUT
17!
NOW QUIT YOUR CRYING.
I WANT YOU TO BE
HAPPY AND I
WANTED TO SURPRISE YOU!
TOM I'M SORRY I DID THAT BUT I DON'T KNOW WHAT YOU WERE DOING - THE HOUSE IS WONDERFUL- I CAN HARDLY BELIEVE IT AND YOU DID IT ALL FOR
ME AND MY CHRISTMAS
were
WELL.WHY SHOULDN'T 12 WHEN YOU'RE "THE FINEST GIRL IN THE WORLD!
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TO KOWLOON RESIDENTS.
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