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QUEEN'S BUILDING.
WEDNESDAY, APRIL 23, 1930.
GAVE AN IO U CONSTRUCTION CO.
FOR £80,000.
AMAZING EVIDENCE IN CORRIGAN CASE
SECRET SERVICE."
REORGANISATION SCHEME
APPROVED.
BANKERS WARNED.
PEKING WILL NOT PAY ON NANKING BONDS.
Shangani, Apr. 27.
At a private meeting of share- holders of the Hongkong Engineer-
A warning to Chinese and foreign ing and Construction Company, banking corporations in Shanghai
BAJUS
Limited, held yesterday after the annual general meeting of share has been issued by Marshals Yen holders, the following resolution, Hsi-shan, Feng Yu-hsiang and moved by the Chairman (Hon. Mr. General Li Chung-yon, the Com- J. P. Braga) and seconded by Mr. mander and Vice-Commanders re-
Scott Harston, was carried by spectively of the Shansi-Kuomin- The
"He said he was employed by the Standard Oil Company, at a salary of £1,200 a week, to amal.
gamato in ore concern several 18 votes against 4:- petrol and oil companies in this country."
This remark about Michael Cor- rigan, together with statements about the alleged giving of an IOU for £80,000, and presents of jewellery worth £10,000, were made at Marlborough-street.
Corrigan, an engineer, of Mount-street, who was arrested in Paris, was again remanded, charg- ed with
Obtaining by false pretences £4,900 from Derek D. Cannon;
Abanker's cheque and money totalling "£10,700 from Mrs. Mary Louise Harrold; and Cheques and money totalling £18,320 from Thomas Oswald Noad.
"Oil Merger.”
chun forces, to the effect that
"That it is the considered Marshal Chiang Kai-shek is con- opinion of this meeting that a re- organisation of the share capital templating issuing several million of the Hongkong Engineer- dollars of. Dishandment Bonds for ing and Construction Company, distribution among the. Shanghai Limited, is advisable, and that it bankers. This is in connexion be carried out on the lines sug- with the determination of the Na- gested in the Chairman's speech tional. Government to accumulate at this private meeting of the funds for the coming war against shareholders of the Company held Shansi. The Shanel telegram this twenty-second day of April, warns bankers not to accept the 1930, and that such scheme of bonds which will not be recognis- reorganisation be undertakened by the new Peking Government with the assistance, of the Com in the event of a victory in the pany's auditors, Messrs. Lowe, coming war. Bingham and Matthews, charter ed accountants."
An amendment was proposed by Mr. Hennessey Seth and seconded by Mr. N. V. A. Croucher. The amendment was as follows:
Mr. Wai Tao-ming, the newly formally installed in office during appointed Mayor of Nanking, was the week-end, the resigning mayor. Mr. Liu Chi-wan, having been as Mr. Thomas Noad, now an in-
signed an important post in the surance clerk, who said he had
"That the Company carry on busi- Chinese Maritime Customs. previously been a partner in a firmness only with the object of wind- of City insurance brokers, said he was introduced to Corrigan at Ciro's Restaurant by his wife. She had met him in 1919,and in- troduced him as Mr. Cassidy.
"He explained that his nume was not Cassidy, but Corrigan General Corrigan, of the Mexican Army," said Mr. Noad.
"He said that he had used the name of Cassidy in the Secret Ser- vice, when he was known as No. 24.
I met him next in March 1928 at the Savoy Hotel, when he told me he was acting in a confidential capacity for the Standard Oil Co. of America.
"One of these companies to be amalgamated was the British Con- trolled Oil Co., and the R.O.P., or Russian Oil Products, and a third. Greole," said Mr. Noad.
Cheques.
Mr. Noad aid that Corrigan asked if he would care to take up! any shares in the British Con trolled Co., and he agreed to iu- vest £650, and made out a cheque which was paid through his bank to Corrigan.
"I asked him how I should know that he was a substantial man,' added Mr. Noad, "and he replied that he would make me out one of his own cheques to what value liked. He suggested £3,100, and a post-dated cheque for that sum was drawn on the Equitable Trust Company of New York, Moorgate- street Branch."
Mr. Noad added that on April 20 he made out another cheque for £100 to help Corrigan to send some racehorses to Belgium:
"On May 4 I handed back the post-dated cheque for £3,100.”
Security.
Mr. Clayton, prosecuting: Why? --He told me that his money had not come through and he gave me another cheque dated June 1 for £5,000. This was security against the money he had from me."
After describing further trans- actions and mentioning that Cor- rigan asked him to hold the cheque for 26,650 as he had not got hie money through from his people, Mr. Noad said,
"Corrigan showed me a card purporting to show he was chair. man of the Associated Mellod Group and also plans of oil wells he had sold to the Standard Cil Company in Mexico."
Mr. Noad detailed other OCCR- sions on which he made out che- ques, and said that on August 2 Corrigan went to Paris to meet the directors of the Standard Oil Com- pany.
* "On September 1 he called at my flat and gave me an 10U for £80,- 000."
asked
Mr. Clayton: Why?—I him why there was so much delay in the formation of this company. He gave me various dates for it, one of which was October 15, For that delay he gave me an IOU
Corrigan told him on December 21 that everything would be com pleted on February 21.
Jewels.
"As it was near Christmas time he suggested that as he was giving his wife some jewellery I should do the same with mine," Mr. Noad Bald.
He mentioned £10,000, pointing out that as we were making such a large amount of money I should be very mean if I did not do so. I bought my wife £9,750 worth ́thé following day.
"At luncheon next day he ask- ed for two pieces of the jewellery so that he could raise some money, as he was going to Paris that evening to meet his directors. I handed two pieces to him.”
Mr. Dummett: How much were they worth? About £1,500,
Mr. Noad said that Corrigan telephoned to him from Paris ask- ing him to pawn the remaining two pieces, because he could not raise any more from his directors. He did so, and obtained £3,000,
of which he gave £2,100 to Corri- gan.
Corrigan was again remanded for a week.
ing up at an early date."
There voted for the amendment SONG BO IN TOURANE. four shareholders including the proposer and the seconder, and against the amendment thirteen shareholders. The Chairman de- clared the amendment lost by 13 to 4.
The offer made by Mr. B. Montague Ede for the purchase of the Company's business as a going concern, referred to by the Chair- man at the annual general meeting of shareholders, will be considered by the Board.
4
CROWN LAND SALE.
BRISK BIDDING AT YESTER.
DAY'S AUCTION.
TOWED OFF HONONG REEF
BY TAIKOO TUG.
Laquiries made yesterday regarding the mwen, wo, which grounded on Amil 10 on the reef of Honong, near Tourane, ericited the information that the steamer is now off the reef and has been towed to Tourang, where she is now waiting for instructions from the head-office at Haiphong.
It will be recalled that the Taikos. Dock tug was despatched to the assis- tance of the Song Bo immediately on receipt of a wire and, we are inform- ed, she is now with the steamer at Tourang
It is not known at present whether she will tow the Song Bo to Hong- kong or any other port.
the sale of four lots of Crown Land at the offices of the Public Works De-Bidding commenced. at $27,615 but partment yesterday afternoon, only this syndicate out-bid the others and one lot being disposed of at the upset the property was finally knocked down price.
to them for $31,600.
Brisk bidding was the feature of =
With an
•
area of approximately 8,060 square feet, Kowloon Inland Lot No. 2,820, situated to the east of Kowloon Inland Lot No. 2,286, Prince Edward Road, was sold to Mr. T. I. Jew for $5,836. The upset price was $4,030.
A syndicate of six Chinese pur- chased Kowloon Inland Lot No. 2,321, which is situated to the north of Kowloon Inland Lot No. 2,110, Tung
New Kowloon Inland Lot No. 1,340, situated between New Kowloon In- land lots Nos. 1,008 and 1,299, Om Yau Street, having an ares of ap- proximately 3,280 square feet was knocked down to Mr. Ip Tun for $4,480.
Bidders were not attracted by In- land Lot No. 3,052, which is situated at Wong Nel Chung. There was only one bid, this being from Mr. Andrew area of ap- Cheung who paid the upset price of proximately 18,410 square feet. $19,110 for the property.
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