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KOWLOON DEPOT.
19, Canton Road.
CANTON,
... 19. Sharki Central, East. Write or Phone for price list.
THE HONGKONG TELEGRAPH,
SHARE DEALINGS.
FRIDAY, AUGUST 17, 1933.
trusted him, but that he had nos sufficient money to put up.
In all prior teananctions be re deemed the shares with proft to yourselves f-In former transactions be put up a sufficient margin.
Yesterday's Proceedings. Further ovidence was given yester day in the Supreme Court before the
Do you know that he is a man whe Chief Justice (Sar William Rers Davies) in the case in which the hypothecated
at any time practically has shares to banks in the Yik On, Bank of Bonham Strand, Colony to secure loans to the tune socks to recover $73,025,26 from à of a couple of million dollars Chinese merchant named Yuen
I have heard so, but I Hangkiu, for money lent and inter know personally whether it is oat duel The Manager of the Bank,
fact,
Mr. C. G. Albaster K, C. I do not think so. structed by Mr. M. M. Watson of Mesars, Johanson, Stokes and Master) is appearing for the plaintiffs and Mr. F C. Jenkin (instructed by Mr. G. K. Hall Brutton) for the delend
do
CORRESPONDENCE.
(To the Editor of the "Hongkong
Telegraph.")
The Garden of Eden.
ممنو
I have very great pleasure in sending you the enclosed copy of pletter which I have just re-
Prof. from
Gilbert notceived
Greaven or, President of the National Geographic Society of Washington, United States America.
A
of
who completed his eyidence in chief He is man, who given a reasonable on Wednesday, was under cross-ex-time, can raise anything that is amination the whole day.
required by any particular bank-letter are most encouraging, and The concluding words of this
I expect soon to receive news of Further cross-examined the witness the aid that all the shares in question, coveries and findings by the confirmation of my die. with the exception of the Whampoa different Scientific Expeditions Docks, were now registered in the which are at present labouring in. name of Fung Fing-san, who was Europe, Asia, Africa, America, partner in the Yik On Bank Australia and Polynisis (Pacific The Tim Kee firm, to whom the Islanda).-Yours etc. shares were first sold by the Bank, consisted of a number of Canton gentlemen.
Bat.
They bank's case is that they ad vanced to the defendant a total sum including interest, of 8516,605 against Shanghai Dock, Whampoa Dock and Exo Catton shares which, when sold
on the defendant's failure to redezin thom, realised $376,252.50 After this and certain other sums had beca credited to the defendant there still remained owing, it was alleged, the sum mentioned in the claim.
The case was adjourned.
DOES YOUR CHILD SUFFER FROM THEM?
"
TSE TOAN-TAI, (Enclosure)
To Mr. Taa Tsau tai,
My dear Sir, I wish to thank you for your letter of June 11th., enclosing the clippings from the South China Morning Post. I have read these with much in. terest, and shall place them, in our files for future reference.
Mr. Jenkin was proceeding with Many children in this country his cross-examination of the Bank are troubled with worms, some of
May I take this version to the indications of which are thank you for your books and manager when His Honour inter- posed that counsel's questions up-grinding of the teeth in sleep, caived and placed in our fles. 1 irregular appetite, bid breath, pamphlets, which have been re- peared to suggest that the bank pain and swelling of the abdo am sure they will prove of value. which had sold these shares in the men, irritation in the nose. Baby's-Very truly yours. name of a nominee had itself taken Own Tablets, the Canadian chil- over the shares..
Mr. Alabaster: That is an allega- tion of fmud and they should have pleaded it. They are saying that we made fraudulent purchase ourselves.
GILBERT GROSVENOR, dren's remedy, given for a few days destroy worms, and a marked President, National Geographic improvement in appetite and gen- Society, Washington D.O: eral health follows,
Guaranteed free from opiates and absolutely harmless even to Mr. Jenkin: Mr. Alabaster wants Tablets are a remedy for indiges. the youngest infant, Baby's Own to put the world "fraud into my tion, constipation, croup, simple! mouth. I have not used the wo fever, diarrhoea and teething: nor do I suggest it.
troublos. They are obtainable from
The Chief Justice said Mr. Jen-chemists, also at 60 cents the vial that this was a bogus transaction. post. from the. Dr. William's If the bank purported to sell the Medicine Co., 60 Kiangse Road shares and held the scrip themsel
ves it looked uncommonly like" fraud.""
Mr. Jonkin replied that if the shares were sold at their fall market value to a man who was a frustee of the bank it was not "fraud. It was merely a misappre
hersion of the legal rights of a mori-|
gogee,
Later on Mr. Jenkin asked the wituoss some questions as to how a certain transaction was put through- "Perhaps," suggested counsel at last, "you could look it up during the week-end.4.
An Assurance.
"An assurance was given to me," declared the Chief Justice, "that this case would not take more than. two days. On that assurance, de- finitely and emphatically given, I agreed to take it yesterday. I was! told in Chambers that the material; parts of the defendence were, being! dropped and that the issue would be quite simple. But for that ne-) surance I should not have agreed to take the case.yesterday. I have. plenty of other work and there is)
a heavy criminal sessions next week. If this case is going to be spun out it will have to be adjourn ed.
Mr. Jenkin I regret, my Lord if I
The Chief Justice said bo WAS not blaming Mr. Jenkin, who was not in Chambers when the assurance was given. Later, His Honour, in confessing to some difficulty in appreciating t relevancy of parts of Mr. Jenkin's cross-examination, said he realised that Mr. Jenkin had not been brought into the case until after the defence had been shaped. A Big Shire Hypothecator. Witness declared that the de- fendant told him on two occasions that he could sell the shares. Even apart from authority to sell, he had the right to sell. He had had
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several years.
Mr. Jenkin: He is one of the best known share hypothecators on the market, is he not?
Witness: He is well known for purchasing a lot of shares, but in no other respect.
He in one of the best known pen
in the Colony for purchasing-not gambling in shares and hypothe cating them with Chinese banket- He is well known in two respects: that he has largo dealings in shares |pledged with Chinese banks and that
he does not put up a sufficient. margin.
Then his position. in peculiar, in that the banke do not require large, margiis from him because they place very great confidence in his integrity?-It was not that people had consdence in him and
Shanghai.
You take no when risk you buy
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BATHING CAPS THAT LAST
We have received a shipment of the latesf and beat production in Bathing Caps-and are offering same „At very moderate prices.
THE COLONIAL DISPENSARY
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