CONSPIRACY CASE | FRIENDSHIP WITH
REMAND.
WING ON CASHIER GIVES EVIDENCE.
SYSTEM EXPLAINED.
1+
The hearing of the enso against Fok Chung-yuen, who is charged with conspiracy to defraud the
CANTON.
MR. CHU CHÀO HSIN IS
-
GRATIFIED.
DIPLOMATIC PROGRESS IN THE SOUTH.
THE HONGKONG TELEGRAPH,
TUESDAY, AUGUST 7, 1928.
CHARGES.
COST OF MAKING | SERIOUS MANILA
A CAPITAL.
$50,000,000 NEEDED FOR NANKING.
RAISING THE MONEY,
Nanking, Aug, 1.
LABOURERS HELD ON
“SANDVICKEN,”
STATED TO BE VIRTUALLY PRISONERS
Wing On Company of 500,000, was MARSHAL LI PRAISED. according to an estimate of the INSUFFICIENT FOOD. continued before Mr. R. E, Lind- sell at the Central Magistracy this morning.
Cum-
Manila, Aug. 4.
ASBESTOS AGENCY
LOSSES.
Wm.
VOLUNTARY LIQUIDATION IS POSSIBLE
Powell,
Ltd.
BURDEN OF INTEREST.
It was indicated that the United Asbestos Oriental Agency, Limit- A sum of $50,000,000 will be re-
ed, may go into voluntary liquidu- quired for the reconstruction of
tlon, in view of losses suffered, at Nanking as the National Capital,
the annual meeting of sharehol- ders which was held at the officos National Reconstruction
of Messrs. Dodwell and Company, Interesting atatements were mittea.
The plan provides that the Charges that 560 Filipino Limited, this morning.
Following comment by the Hon. Mr. Somerset Fitzroy prosecut-made on his arrival in Shanghai ed, and Mr. II. F. Sheldon, at week by Mr. Chu Chao-hola, Central Treasury will be respon labourers who bought passage to
on the Inbour ship Mr, J. Owen Hughes that, with all Foreign Commissioner in Canton, sible for $15,000,000; the remain-Hawall Instructed by Mesura. Deacono, who has been appointed Vice-ing $85,000,000 to be contributed Sandvicken are being held virtual friendliness to the management, appeared for the defence.
Minister of Foreign Affairs in the by the various provinces. The ly na prisoners and are not given he thought their business had been Evidence was given by a cashier Nationalist Government,
entire amount to be remitted to aufletent food were made last crippled to such an extent that Asked by a representative of the the Committee at stated periods night In Information: received serious steps should be taken with of the Wing On Company's Banic- ing Department of the details N. C. Daily Neus when he pro-in five years. Mesars. Li Chi by Guillermo B. Guevara, clly regard to its future, Mr. T. G. Wenll, the Chairman, said he had connected with the depositing of posed to assume his new appoint- won, Li Tsung-huang and Chen fiscal.
appointed money and the withdrawal of dement, Mr. Chu said that he did not Kwang-puhave been
The Sandvickon, a Norwegian takon up, with Messrs. Dodwell's yet know. It depended upon his members of the Examination Com-vessel under charter to make the head office, the question of the posils during the year 1923.
visit to Nanking. He was going mitted in charge of the city-plan-trip to Hawall where the labourers advisability of putting the Com- to Nanking to take the oath of ning scheme.
a net-are to be placed on sugar planta-pany into voluntary liquidation A scheme to construct
tions, has been at anchor in and he might have a proposition Witness said in brief that when oflee and to conform with the In- a depositor appeared at the firm augural formalities of assuming work of highways throughout the Manila Harbour for the past eight to put before shareholders in a with a certain sum of money, it the post. Last year, he was twice country is also under considera-daya ng obstacle after, obstacle month or two.
has been placed in the way of the was handed to witness through a jappointed to the post but did not tion by the Committee.
In view of the fact that the shroff at the counter. The money come north to complete the forma
Now that China had a casket containing the remains of charterers by the Government,
The 500 labourers have been would be checked up and, if found itles. correct, a little red deposit book unified government in fact, as well Dr. Sun Yat-sen will soon be re- would be issued. An entry would as in name, it was an opportune moved to the Mausoleum at the board the ship for the eight days, then be made in the firm's ledger Lime for him to come and offer his Capital, preparations are being each day expecting to pull anchor
He felt duty made for the construction of aand be on their way eastward.
The latest obstacle placed in the and a corresponding entry would services to China,
highway leading directly from be entered in the deposit book.
The Attraction, of Japun,
Deposit Books,,
The deposit book bore a label marked by a number which was also watered in the farm's ledger.
for 80.
Meu.
,
depart
In addition to the Chairman there were present the Hon. Mr. J. Owen Hughes, Mr. L 0, S. Dod-- well, Mr. D. Harvey, Mr. G. R. Ed-
B. S. Vieiro. wards, Mr. H. J, Silva and Mr.
:
Chairman's Speech.
The Chairman said:
case
and were
bound, therefore, to make the tripsinhuan to the Mausoleum. The way of the ship's departure is thei Asked when he would return to authorities expect that the road levying by the Government of a
Again I have lo report a loss The tax had not been paid Canton, he anid that he would do will be completed within two Pesos 2,250 documentary slamp In another book, the date and as soon as conditions permit- months. A sum of $1,600,000 has tax.
ending 31st, May last. The trad ing loss on this occasion, $8,307, amount of the deposit and the rate ted and all necessary arrange already been appropriated to meet last night and it is doubtful if the on working for the financial year
before next week, If then.
appears to be an improvement of interest payable on the moneyments had been made respecting the cost of construction.-Kessel will be able to
the duties attached to his new
upon the loss for the previous Charterers Accused. would be duly noted.
post, He expected, however, to matter of form. When the
year, but seeing that drastic re- Be ablo to return in a fortnight A Managers Signatures,
According to Fiscal Guevara, duetion in overhead expenses was raply was received, the French
information
the effected this not the accusos Mr. Chu felt that he should re- Consul, Mr. A. Danjou, and Mr. the
uf restraining Speaking of the deposit books,
the the netual gross profits witness said he would usually main in Canton and coulinue his Chu would sign the necessary charterers
from enjoying their considerably leas. Owing to the sign his own name at the bottom work there because the foreign documents for the formal rendition labourers of a colunt showing the amount atfairs of Kwangtung were of the of the property. At any rate, the liberty in that they are not allow cash position, the charge for In- deposited. A chop under witness' utmost importance and he had to rendition of the old French Con-ed to leave the vessel for fear that terest is becoming an increasingly charge would be fixed and the see that they were managed pro-sulate was an accomplished fact, they would file complaints for the heavy burden.
Turning to metallisation, after While he could manage He was grateful to M. Danjou for recovery of their passage money book would be sent to the firm's perly.
In the the foreign affairs of the province his. unreserved assistance in the and that criminal charges might overcoming a great many difficul managers for signature.
now deposit book in Canton he could at the same matter. From
an, Sine-be filed against the charterers for ties and getting the plant work- ordinary way,
In the provincial French relations would, like Sino-not allowing the labourers tong satisfactorily, I regret to re- would bear the signatures of two time help
port that we are unable to find administration and take his share British relations, Improve and be leave the boat. of the managers.
While the labourers are not sufficient work to make the ven- When all the necessary entries in shaping the foreign polley of on a firm and cordial basis.
Canton Quiet.
allowed to leave the vessel, It is re the success it was hoped. and signatures were made and obthe Nationalist Government in tained, the deposit book would be Nanking by means of the tele- The situation in Canton and further charged, they are not This lack of business is no doubt Furthermore, he wished] Kwantung, generally, was quiui|given sufficient food.
Fiscal partly due to the depressed state of trade, more especially shipping. given to the shroff at the conster, graph. we would the hand it over to the to be sear to serve his aged and peaceful and the authorities Guevarn is now investigating,
had everything well under control. Originating in the cases against and partly to conservation customer. The book would at that mother,
Questioned with reference to There was very successful the Gorospe brothers, Jose and doncies and reluctance to embark time he encased in a special en
the offer which had been made to movement in Kwangtung at the Andres, and Agapito Formoso, upon a new process which is at velop.
In answer to Mr. Fitzroy, witness him to become Minister to Japan, present time, known as "Chiang charterers of the Norwegian Huer present unknown and untried in Delfin Jaranilla, the Far East. It has been thought said a deposit book had six pages, Mr. Chu remarked that he had Hsiang" (Clearing the Districts). Sundvicken, the first three of which were to re-twice been offered the post and and very effective steps had been fattorney general, in an opinion advisable to write of balance of had provisionally taken towards the suppression of rendered yesterday, rulod that the the cost of purchase of patent to depreciate cord the antiunt received and the that he
accepted, In the event of his the bandits.
Bureau of Commerce and Industry rights and also lust three the amounts paid out.
As to Bias Bay, the operations cannot acceptance, he would have to
require ship brokers, the plant and workshop, requiring Jenye his Canton post.
Deve of the nuthorities had been most exchange agents, and merchan the sum of $12,025.06, which you
Troops and a gun- In the event of a person wishing glad to accept the post, neverthe successfu
a license could be issued to them. & Loss Accdunt. I hope that this The opinion of the Attorney policy w!!! receive your support. to withdraw money, all he had toes, it was concerned boat had been stationed in the diizing brokers to file bonds before will ace has been debited to Pront To take core 6f the debit do was to present the red book at with many very vital diplomatic place and a short wave wireless the counter and name the amount problems. To Mr. Chu, there was station is being erected to give General was sought by the Bureau balance in Profit & Loss Acount
shroff no other diplomatie appointment information of pirate activities. Commerce and
lof required. The would examine the red look and of egant importance to that one This netion on the part of the Can-through the request of the Bureau and eliminato the debit brought enter on it the amount required, and he could serve his country ton authorities has been very of Labour in order to curb the forward from last year's balance The book was then sent to witness better if he accepted the offer and effective in putting a stap, to who compared it with the firm's ledger and If there was nothing wrong, a record of the withdrawal would be entered in the firm's can book and the money paid over the
? Withdrawal Procedure,
counter.
issued.
counter
Not Genuine.
went to Tokyo.
Hongkong and Canton.
di
his
Mr. Chu said that of all diplomatie successes, which gave him the most satis
|
piracy. Marshal Li Chal-sum had any
the one the utmost confidence,
Industry
ubuses committed
ten-
Telephone C. 4578.
We are reducing the
remaining stock of
LADIES' SHOES
TO
HALF PRICE.
Do not forget that these are nearly all. new stock, ordered for the coming Autumn, and thus entirely up-to-date.
Oddments at $2.50 per pair.
Inspection Invited.
HONGKONG REALTY & TRUST Company, Limited.
HOUSE AND ESTATE AGENTS.
PROPERTY BROKERS.
TELEPHONE C. 6291.
EXCHANGE BUILDING
Use
to to
by sheet, it has been necessary encroach upon your Reserve the extent of $37,000. This sum has been obtained by the transfer of the whole of the Equalisation of Reserves for launch, $11,000, and $0,000 from General Itoserve. You will note that after those transfera we are left with h General Reserve equal to the addition to smaller Lake care of extra-
of Dividend Fund, $20,000, purt
Attorney General Ruling. Under the provisions of Act
done wonderful work for the pro- some ship brokers.. It also came vince and the people placed in about as a result of the combined efforts of Government officials to The question of the Canton find legal means with which to factian was, the resumption of Hankow Railway loop was then stop the sailing of the s.s. Sand- friendly relations between Hongbrought up for discussion and Mr. vicken. If the amount withdrawn ex-kong and Cantro. After Sie
Chu informed the Press represen-| hausted the amount deposited, the red book would not be handed Miles Lampson's visit to Canton Lative that the uncompleted por- to the customer. Instead of the last year, the strained relaiicntion, about 200 miles in length, book, a clearance páper would beships betwen China and Great would be finished as soon as pos-2728, Fidel A. Reyes, Director of capital in
Britain hegan to improve and, as a sible., The Advisory Committee Commerce and industry, inquired reserves to repairs and contin- result of exchange visits by and on the British Boxer Indemnity as to whether ship brokers could ordinary between Marshal L Chal-sum and Fund had recommended that he required to file bonds as a con- rencies,
Stocks have been taken in at Sir Cecil Clementi, the relations of position of the British share of dition to the lasunnce of the cor- Certain red deposit books were Canton and Hongkong became as the Boxer Indemnity should be de reponding license. The Attorney handed to the witness by Mr.ordial as ever before. All il-voted to this work and Mr. Chu General, however, ruled that Fitzroy, and witness after examina feeling caused by mutual mis-thought that the time was not far while section 3 of the Act provides tion declared a few of the sign understanding disappeared as the distant when the rallway would bej tures on the hooks handed up, morning dow before the rising sun. connected. being, in his opinion, not genuine. Jangkeng and Canton merchants Asked if he remembered any were once more able to resume thing of the Kwong Cheong account; their trade with one another, un- witness said he remembered sonte hampered and unmolested, years ago that the sums of $20,000 and $30,000 in two lots were de posited by that firm.
The case la proceeding.
POSSIBLY ASHORE.
Mr. Chu rejoiced over this happy state of affairs and he thought that all would agree that everything he did to assist Marshal Li was for the common good of all.
Another thing which gave him extreme satisfaction was Great Britain's unconditional return of
"DEVAWONGSE" SIGHTED IN the old, British Consulate premises!
HAINAN STRAITS.
and in this connexion, he greatly appreciated the generous nesis. tance of Mr. J. F. Brenan, the A report received from the British Consul-General In Canton,
"this Talkoo Wan-yi, arriving morning from Hollow, is to the without whoso ald the negotiations effect that the 8.8. Devawonge would have been rendered extreme- was sighted close in to Maro difcult, Island, in the Hainan Straits thought, was one of the best yesterday, and although no dia-thinga performed within the past tress signal was hoisted, she may score of years, have boon in difficulties. Owing
to local conditions, the Talkoo
This, Mr.
France and Canton,
Chu
Mr. Chu was also happy to eny
Wan-y! was unable to proceed that the French Government like-
close in to investigate.
on
wise was adopting an equally friendly attitude towards the Can-
The 8.8. Dovawongse cleared ton adrainistration and was pre for Hofhow and Tourane Saturday under the command of pared, too, to give back to the Chinese Government its old leased Conguinte. The size of these two
Captain E. Friedke.
Тие чевле?
fa owned by the Chau Yue Tent. Consulates were about the same
of China Buildings.
and both were magnificent build-| ings situated in the centre of the city.
Enquiries at the offices of the owners resulted in no confirma tion of the report made by the The French Government had de- Talkoo Wan-yi, but it was learned elded to return the old Consulate that a cable had been received this grounds and the only thing at pre- morning to the effect that slic was sent which kept the Fronch leaving a port in Indo-China for Foreign Ofee from handing. It Phranrang Bay with a cargo of back immediately was that a re salt for Hongkong,
Farther detalls are awaitedly had as yet not been received with interest.
from the Department of State Property. This, however, was but
(Continued on Pags 8.)
JUNIER MISSES
PEG, UL. B. PAT, LIES ŠVINA, MÁ HRA-BEAVER,
"I suppose it's just because I haven't seen her in anything.
feminine all the summer”
Invest-
conservative valuations, ments at book value are well below current market quotations, and the whole metallisation vantura stands at the reduced value of $13,583, while your godown and property at Yaumati have not been depreciated as the value appear- ing in the balance sheet is coh- sidered conservative,
I now beg to propose the adop tlon of the above report and accounts and when this has been seconded I shall be pleased to answer to the. best of my ability any questions shareholders may wish to ask.
The report was seconded by Mr, Silva.
The Losses,
The Hon. Mr. Owen Hughes sald it was with regret he observed that more losses had been sustained In their business during the past year. He would like to enquire whether any hope was held out of the motallisation process becomi- Ing 'a profitable unit in the near futuro. It seemed to him that the money which had been expended on that business was out of all pro- portion but, at the same timo, he appreciated that prospects were more promising when that addition to their businésa wan, taken up. He felt sure that the general managera and those who were responsible for working the patent had done their very utmost to make it what they all expected it to be, a financial success.
The speaker went on to say that it seemed to bo high, time to consider whether they should carry on with that business bo cause it had already crippled them to such an extent that he thought serious storis should be taken with regard to the future of the businoss ns a whole.
(Continued on Paps Bid
H
PURICO
THE UNEXCELLED COOKING FAT
Obtainable át
All GROCERS & STOREKEEPERS.
Agents: KELLER, KERN & CO., LTD. 18, Connaught Road,
Telephone C, 3120.
THIS
GAS
THE CLEAR FE
MON
HONGKONG & CHINA GAS Co. Lul