*
AFFAIRS OF KING EDWARD HOTEL.
BUSINESS PURCHASED IN 1928 FOR $80,000.
*
PUBLIC EXAMINATION.
The affairs of the King Edward Hotel were discussed in the Bank- | ruptcy Court this morning before the Chief Justice (Sir Henry Gol- lan) when Tseung Fu-kwong was publicly examined by the Acting Lange creditors were pre- Official Receiver, Mr. E. P. H.
sent, these bein Mr. Wilkie Lum, of the Wing On Company Limited
sang and Un Pak-leung.
Replying to Mr. Lang. debtor stated that he was now living in
THE HONGKONG TELEGRAPH, THURSDAY, MARCH 27, 1930.
RECEIVING ORDER REFUSED.
INSUFFICIENT ASSETS THE REASON.
DOG-OWNERS FINED AT KOWLOON."
NO-DISCRETION ALLOWED TO THE PUBLIC.
ALL BOOKS MISSING. BATCH OF OFFENDERS.
STRAITS J.P. AND OPIUM.
EVIDENCE OF ACCUSED'S STATEMENT.
TO-DAY'S WANTS.
·25 WORDS;
$1.00,
($1.50. If Not Prepaid.) The following replies have been received?---
544, 545, 547, 650, 556, 568, 599, 595, 598, 618, 634, 639, 642, 647, 650, 65,
WANTED.
No. 652, "Hongkong
threa
NOT HIS LUGGAGE.
SITUATIONS WANTED.
The Chief Justice (Sir Henry During the hearing of sum- The case in which Mul Kwok- SITUATIONS WANTED-European Gollan) this morning declined to monses against owners of dogs leung, a J.P. of the Straits Settle-coks situation as atoreman or time- make a receiving order against which had been allowed to be ments, is charged with trafficking keeper. No objection to "Outports. Write Box No. 654, "Hongkong. the Hang On Tai Firm, No. 11. abroad without muzzles, Mr. R. in oplum and with possession of a Telegraph." Kwong Yuen Street East, in the A. Pereira, of 7, Knutsford Ter-large quantity of the drug, was Bankruptcy Court, when the appli- race, who appeared before Mr. continued before Mr. Lindsell. Official Receiver on the grounds of gistracy this morning, pointed out when he questioned the accused, land). Advertiser wishes to rent or cation was opposed by the Acting Whyte Smith at the Kowloon Ma-to-day, at the Central Magistracy.
Revenue Officer Tuck stated that WANTED.-Bathing HUT (Main- Petitioning that he had let his dog ream on insufficient assets. creditor was the Kwong Fook Hing the vacant piece of ground inside after the latter was held up with pay for share bathing but or matshed (petitioning creditor), Lai Hol-Firm, No. 314, Queen's Road Cen- the fence near the Children's Play: front, Mui said to him:-Well, Telegraph." a mass of luggage on the water- 1930. Box, tral, for whom Mr. C. E. L. Grist ground. He said he was not yes. It is not my personal lug- appeared.
aware that he was doing wrong gage. Fung Kwal-ting, assistant
I am minding it for a WANTED.-An opportunity occurs
suitable man to join a house at Causeway Bay where he manager of the Kwong Fook Hing as there was nobody about at the friend whose mother has been for
Firm, stated that the sum
of time.
taken very ill in the country, and others in a voyage around the world $2,000 on a promissory note was His Worship pointed out to the who has returned to the country by junk, starting from Hongkong on due to his firm from debtor firm. defendant that he would not like to see her."
Mui also handed Fellow of the Royal Ceographical April 7th. Organiser who a On January 31, 1930, he received it to be thought that anybody witness a typewritten letter which Society, and fully qualified to under- a letter from the firm, this being would be entitled to let their dogs witness returned after perusing take the voyage, has secured all the act of bankruptcy alleged.
roam there without being muzzled, the contents.
necessary data an equipment. His Lordship remarked that the
nor could he leave it to the dis- A Chinese Revenue Officer, No. Write Box No. 655, "Hongkong letter did not appear to be a notice crimination of the public as to who was one of "a small army Telegraph." suspending payment, but stated where dogs could roam with safety Mr. Streilett, present at the of Revenue Officers" according to the firm could not pay money to various persons. That was
It was also brought to the de-search, referred to yet another fendant's notice that the regula- European Revenuo Oncer statement of fact at the time,
tion was enforced to prevent one appearing in the case.
He was dog from biting and thus giving No. 8.
Mr. Lindsell-Who is No. 8? rabies to another, as well as to
Mr. J. D. Lloyd (Superintendent FOR SALE-STUDEBAKER Light prevent it from biting people."
Revenue Officer Ward. That is and re-painted. Tyres in good con- Importa and Exports) Six touring car, recently overhauled
Yard. It has stuck to him ever kong Telegraph." since.
could always be found. On August 6, 1928, a partnership was formed for taking over the business of the King Edward Hotel for which pur- pose the sum of $80,000 was paid to Lai Chak. Debtor put $35,000
into the business and two other partners, ascungng-kwong and Yu Siu-shan, subscribed $40,000 each.
Debtor said that as far as. he could remember, other partners and their shares were Cheung Sui, $1,000, Lo Lai-ha, $500, Cheung Cho-ming, $2,000 and Cheung To- win, $3,000. He could not remem-
a
Replying to another question by Mr. Grist, witness stated that the managing partner of the debtor firm absconded a short while ago.
Mr. E. P. H. Lang, Acting
The defendant was fined $5. together with Mr. Pereira.
of
as
113
MATSHED WANTED-At Repulse Bay for the coming season. Please write Box No. 646, "Hongkong Tele- graph."
FOR SALE.
ber more because the books were Oficial Receiver, said he would was also Mr. E. Antonio 'who was the number he bore in the Naval dition. Write Box No. 858, "Hong-
destroyed in the fire: Debtor's own money amounted to $20,000 and he borrowed the remainder from friends,
Mr. Lang: Did you lend monev to the other partners for them to put into the business?-No.
Debtor went on to say that na
oppose the application on the grounds of insufficient assets. He said there were assets of only $3,900 in connexion with an execution. Liabilities amounted to $60,000 and there was no pos- sible hope of recovering anything further. The books were missing
possible assels would be book debts.
Mr. Antonio complained to the Magistrate that no time for his up- pearance in Court was mentioned in the summons, and he had been in Court the whole morning.
The Magistrate regretted the
a clerical error.
Another Chinese Revenue searcher testified to being present when Mui sought to communicate with the Hon. Mr. R. H. Kotewall over the telephone but was un successful owing to Mr. Kotewall
partnership agreement was.drawn and practically the whole of the omission and remarked that it was being still in bed at that early
up and no instructions were given for that purpose, but he wanted to have the partnership registered as a limited company.
Working Capital. Answering other
questions, debtor said they had $35,000 over and above the purchase price of the business,
His Lordship: Was that the working capital? Yes.
Mr. Lang: When you took on the partnership were you under the impression it was a going concern?--Yes.
And was it?—Yes. Then you never had to touch the $85,000 for any special outlet?- We had to borrow some money to buy a lot of door curtains, furni- ture and fittings.
:
Did the business pay while you had it?--Yes.
Debtor continued that when the petition was Aled, liabilities amounted to $45,000 approximate- ly. He could not be more exact because the books were destroyed in the fire,
At the time of the Receiving Order, one of his nasets was $2,000 or $3,000 which was in the hands of Mr. Leo D'Almada at that time. He also had a "house at Causeway Bay which was mortgaged to Ho Yin-wan for $7,000, and a second mortgage of $0,000 to Chiu Mui-kin.
Mr. Lang:-Were either of the mortgagces related to you?—No. Both of them are merely friends of mine.
Replying to another question, debtor stated he did not know that his house had been sold under the mortgage. He had not been informed of the sale and had not seen it advertised.
Property Sale,
Mr. Lang: What would you say the value of the property was? I have no idea of the present market value but I paid about $14,000 for the erection of the house.
You are not surprised to hear that nothing over the value of the first and second mortgages was realised? I cannot say as I have no idea whether there would be 'any margin`or not.
Debtor went on to say that he contributed $800 towards the pur- chase of a piece of land in order to oblige a distant relative who was in the land business. Debtor
had no interest in the business of the land. He knew that the land was rented out at the rate of $600 a year.
As stated above, his Lordship declined to make the order.
Another Case.
Mr. F. C. E. Rendall appeared for Wong Stau-nin, No. 259, Queen's Road West, petitioning creditor, to apply for a receiving order against the Kwong Fock Wo Hop Kee firm, No. 13, Jubilee Street, rige merchants. i Wong Shau-nin stated, in evidence, that the debtor firm owed him $1,000 under a promissory note and he had received notice that the firm was suspending payment.
hour.
FOR SALE-Four new evening Gowas, three at $20.00 each, one at $45.00. Write to Box No. 631, care of "Hongkong Telegraph."
at
PREMISES TO LET.
TO LET Ground Floor Flat Jordan Road, Kowloon, opposite Union Church. Modern conveniences. Please phone K.715, for particulars.
Mr. Flegg, of 4, Peking Build- Commenting on a question put ings, was fired $6 for allowing his by Mr. Lloyd to witness, regarding dog to be in the streets without the language used by witness a muzzle, while Mra, Lang, who was over the telephone, Mr. Lindsell TO LET-For 6 month, 5 roomed $5 for a similar offence and a fur- know a language to be able to tell tion. Apply Secretary, P. O. Box represented by her amah, was fined said: "It is not necessary to HOUSE. on the Peak, modern sanita- ther $2 for not attaching the num-that a person is speaking in that 22 ber badge to the animal's collar.
language. I myself, like 2 good TO LET. 4 roomed bungalow situat- When a summons against Mrs.many others, do not know German, ed Broadwood Road, Happy Valley. D. H. Ross was mentioned it was but can recognise it when I hear Apply Secretary, P. O. Box 22. stated that a letter had been re-it spoken." ceived from the lady indicating that she was ill. Money for the fine was
enclosed.
Sergeant Brand intimated that when he saw Mrs. Ross she refused to give her name and he had to call at all the Police Stations to secure her name from the licence
books.
A fine of $5 was imposed.
EXCHANGE RATES.
Athens
Sir Henry Gollan:-Do you mean to say that. $4,000 was paid over for junior counsel's fees; for one junior?—Yes.
Mr. Rendall then applied for an adjournment, saying he under stood the Official Reeciver was opposing the order on the ground of insufficient assets. He (Mr. Rendall) Was instructed that there were a number of book debts outstanding, and the petitioning creditor knew the names and addresses of book debtors. The value of the debts Paris was nearly $2,000. Apparently a Geneva number of those people had Berlin expressed their willingness to pay
Oslo Helsingfors but, of course, he could not write to them, and the Official Receiver Buenos Aires could not do so. If his Lordship Hongkong would adjourn the matter until New York the next Court, he would be able Amsterdam to say definitely whether or not Stockholm
Vienna some of the money could be
Madrid collected.
Bucharest Mr. Lang opposed the granting Bombay of a receiving order at that stage, Yokohama but agreed to an'adjournment, and Brussels his Lordship accordingly adjourn Milan ed the matter.
Copenhagen Prague Lisbon Rio Silver (spot Shanghai
Silver forward)
In reply to further questions re- garding an account, debtor sald an account was often asked for. Later they decided to get the money first and get an account later. They re- ceived $15,300 out of a total of about $50,000. He agreed that according to the accounts something like $30,000 was paid away by solicitors.
Asked regarding Yeung Chit- hung debtor said he was one of the, men who had deposited money in the hotel.
A man called Yu Shui-shan was Paid various sums and when the claim was settled the money, in the form of a cheque was given to Yu did not do so and when the other Shui-shan for him to cash it. He
partners made Inquiries it was found that he had disappeared. Debtor had not seen the man since
In reply to questions regarding but had reported his absence to the what counsel were retained in a Police. certain legal matter, debtor
The public examination
said that Mr. D'Almada, junior, Mr. closed. Jenkin and Mr. Hin Shing Lo were retained.
The partners attended
'at Mr. D'Almada's office to collect
WAS
the money when the claim was partner, was also publicly
Anally settled.
Legal Expenses.
Another Partner. Cheung Ping-kwong, another
examined and said that he put $40,000 into the busi- ness. Не had received cash in the form of Income from it satisfactory one. His position at but regarded the business 13 a the present time was that he had no assets.
no
Did you go through the accounts? We never received an account. .. Then how did you arrive at the amount to be paid over to you on that occasion-We were told that the expenses were about $11,000. He denied nasociation with a firm There was about $4,000 for Mr. called the Kwong Sal Loong and Jenkin, about the same for Mr. suggested that the fact that his D'Almada' and about $1,000 for Mr. name appeared in a Chinese direc- Hing Shing Lot, "NAM
tory as the proprietor of it might be due to the fact that there was possibly another man with the same name.
Did you really accept the state ment? What can you do when someone says there is so much left I was not satisfied with it.
His examination was also closed.
The case is proceeding.
HONGKONG RIFLE LEAGUE. TRIANGULAR MATCH FIRED
AT STONECUTTERS.
The following are the results matches fired at Stonecutters Saturday last:
of
on
200 500 600
Stonecutters E.R.C..
Yds. Yds. Yds. Tol
23 71 Capt. Quinlan, R.M. 27 21 P.Ó. Markham .... 26
25 27 20 81 31 1 31 80 92 .124.27 P.O. Greening
29 29 27 85 .25.136 Sgt. Madelaine, R.M."
26 21 78 20.385 Col. Warwick, R.M. 30 31 94 .18.17 Col. Burnett, R.M. 1934 Mne. Counter
London, Mar. 26, P.O. Parsons
375
42.5/16
.1/64
.4.88 29/32
.12.12
.18.10
.34.535
92
240 225 221 686
Add 4% for open sight.... 24
TO LET Office ROOM in Central Locality. Apply to Kayamally & Co., 20, Queen's Road Central.
TO LETOffice Rooms, Hongkong and Shanghal Bank Building. Apply to Sang Kee, same Building.
TO LET.-Ground floor, No. 2, Grin ville Road, Kowloon. Apply to Kwong Fat Yuen, 33, Des Voeux Road West or phone C.1232.
A GODOWN at Whitfield Road con- Bisting about 2,500 sq. ft next to Kwong Sang Hong Glass Factory. Please apply to Kwong Sang Hong Ltd.
TO LET Fully furnished five room- ed HOUSE on the Paak. Modern sanitation, Garden. From middle April for seven or eleven months. Moderate rental. Write Box No. 651, "Hongkong Telegraph.”
Hongkong Police Reserve RC. Mr. Field"
29 23 79 25 20 21 60
Mr. Dovey
Grand Total
710
Mr. Williams
Taikoo R.C.
25
18 23 20 30 30 3 91 23 23 25 71 27:31 28
Mr. Dunlop
39.95 Mr. Drummond" .818 Mr. McLennan* .1/5.13/18 Mr. Stainton
22/0% Mr. Walmsley* .34.88. Mr. MacIndoe" -92.02 Mr. Swan* 18.165 Mr. Nisbet .164% Mr. Amery .108.30
29 33 28 90
30 92 29 91
20 30 28 84
20 21 16 07
6/25/32
210 223 207 640
1/11/ 19.7/16 .19% British Wireless.
Add 4% for open sights...
Grand Total
642
MAO NEA SERVICE ING REQ-U-SPRTAFF,
"You're out of the pose again! You're elbow was two inches higher."
Mr. Starling Mr. Ho* Mr. Baptis Mr. Sykes
21 23 26
30 30
207 107 187 691
Add 4% for open sights
Grand Total
* Aperture sights.
11
€02
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