THE
HONGKONG
PENINSULA HOTEL:
"
HONGKONG HOTEL: REPULSE BAJZHOTEL : PEAK HOTEL
arid
SHANGHAI)
ASTOR HOUSE: PALACE HOTEL:
HOTELS
LIMITED.
In association with the Grand Hotel Dee Wagon Lits, Poking.
KOWLOON HOTEL
KOWLOON.
UNDER THE PERSONAL SUPERVISION
AND ATTENTION OF-
H. J. WHITE.
Phone No. SEDOR.
Cable KowLOTEL.
Hongkong.
P
THE HONGKONG TELEGRAPH, SATURDAY, MAY 23, 1931.
AFFAIRS OF THE LAI WAH CO.
EMPIRE DAY.
4
VOLUNTARY LIQUIDATION UNDER SUPERVISION.
The matter Wax
MESSAGE FROM ADMIRAL EARL JELLICOE,
OBITUARY..
DEATH OF MR. SOLLY JOEL OF TURF FAME.
The following annual message of
London, May 22. The affairs of the Lai Wah Com- greeting by Earl Jellicoe, President
The death has occurred of the magnato pany Limited, Nos. 143-147, Desof the Empire Day Movement, has Voeux Road, were ventilated in the been laaued through the office of South African diamond
Mr. Solly Joel. the Colonial Secretary:
Solomon Barnato Supremo Court yesterday after-
Joel, the noon, before the Chief Justica "The great honour of aucceed- (Sir Joseph Kemp) when a mattering the lato Earl of Meath as Pre-diamond magente, millionaire and Move- racehorse-owner, was born in com- concerning whether a compulsory silent of the Empire Day winding-up order should be made ment has fallen to my lot, and fol-paratively humble surroundings in or whether voluntary liquidation lowing his example. I send you the East End of London, and was should be continued was discuss- Rreetings on the ocension of Em-educated at a board school. Two of his uncles had settled in South pire Day. ed.
"The spirit in which the celebra-Africa, One, Henry Barnato, had brought to tion of May 24th was founded was gone there as an emigrant and for John D. Hutchison and Company.when the British Empire is con- Court on the petition of Messrs. never more necessary than to-day, some time Ilved by performing as a conjurer at Kimberley. He then not King's Building, who were repre- fronted with sented by Mr. II. G. Sheldon, In-
most difficult and tried diamond-buying, but, structed by Mr. J. T. Prior, weighty problems, and it is my being very successful, sent for his earnest hope that the people of the brother "Barney" (Barnett). To- Mesars, Wilkinson and Grist, will face those problems gether they made money rapidly. while Mr. Leo D'Almada, iur., in with true sympathy and comrade bought clalme in Kimberley mine structed by Mr. Horace Lo, of Messrs. Lo and Lo, opposed the Compulsory winding-up motion on behalf of 'n body of creditora.
Mr. Sheldon said the company was incorporated on December 20, 1920, with a nominal capital of $1,000,900, divided into 10,000 shares of $100 each. The amount of capital paid-up, or credited an paid-up. was $500,000. The com pany was indebled to petitioners In the sum of $29,803,69 for goods. sold and delivered under con tracts, which were outstanding. There was a contract for £1,092 Rs not yet due, and one already
the goods bad fallen,
RENOWNED BEER NOW ON DRAUGHT. due for $1.519.23. The market for
Steel, Coulson's renowned Beer is now on Draught
at the
PALACE HOTEL,
Music
Daily.
KOWLOON.
PENANG ·
Dinner
Dance
Twice weekly.
RUNNYMEDE HOTEL.
The Premier Lett in Navt.
With beautiful private lawnɛto the Sea.
TWENTY ADDITIONAL ROOMS-COMPLETELY MODERNISED
AND RE-FURNISHED ARE NOW READY.
CABLE. "BUNNYMEDE."
RUNNYMEDE HOTEL, LTD. George Goldsack. Manager.
EUROPE HOTEL
SINGAPORE.
“RENOWNED BY RECOMMENDATION
DANGING: After Dinner every Tuesday, Thurs
MUSIC:
day and Saturday.
On the VERANDAB-
Monday to Friday--7.45 p.m. to 5,30
p.m.
Saturdays-12.30 p.m. to 1.30 p.m.
and 8.00 p.m. to 8.30 p.m. Sunday Concerts-0.50 p.m. to 11 p.m.
Robert Drescher's Famous' Viennese Orchestra Plays During Tiffin and Dinner Every Day,
GRILL:
Telephone, 5341 (8 lines) Cables EUROPE" Singapore.
THE EUROPE HOTEL, Ltd.
Arthur E. Odell Managing Director.
MAN HING
TAILOR
PERFECT FIT GUARANTEED
No. 6- D'Aguilar Street.
Gets you well
and keeps you well that is the object of SCOTT:S Emulsion which beals, nourishen quill strengthens. Your doctor knows 8. Ask for
SCOTT'S Emulsion
"The protector of life'
Tol. 20780.
Assets and Liabilities,
ship.
and in 1880 founded the firm of Barnato Bros.
"We have a vast responsibility; the greatest Empire the world has ever known has been handed down to us by our forefathers. Empire which stands for all that is good in the modern world. Let experts and financiers and eventual- us be worthy of our destiny."
Soon after Joel left school the Bar. natos invited him and his brother It la un J. B. Joel to South Africa, where in a few years they became diamond
JELLICOF,
A. F. London.
INDIAN ISSUES.
GANDHI MAY NOT ATTEND LANDON MEETINGS.
en-
ly members of the firm. It was not long untli S. B. Joel was titled to the dual rank of magnato
for the and millionaire,
profita from the business were great and the firm's grip. on the valuable mining concerns of South Afrien was very strong.
In 1897 "Barney" Barnato threw himself overboard from a liner on a voyage from the Cape to England, und Roon afterwards Joel became Simla, May 22. head of the firm. As the years pas
his Well-informed circles are very sed, he increased
interests On May 2. 1881, the company doubtful whether Mr. Gandhi will until he was a director of most of closet its doors and had not re-attend the meetings of the Federal the important South African opened them. The company was Structure Committee in Insolvent and unable to pay its beginning on June 29.
London mining and banking concerns.
In England he applied his wealth debts. The assets ennsisted
Practically all the delegates to to the assistance of a large num- stork, of a value of approximate-
tober of charitable institutions, and ly $20,000 or ipss, Few book this conference have agreed
Bombay on June 13 also to the purchase of the magni- debts, furniture and good-will of sall from
13 miles from Asent. There he act up stables and became one of the most prominent of English race- horse owners.
of
The India Loun.
Role-
a value of less than $50,000, while hoard the P. and O. 9.3, Cathay.ficent Maiden Eriegh estate about Habilities amanted to $100,000, |—Reuter.
In putting the motion for wind- ing-up of the company forward,
London. Mag 22. Mr. Sheblon referred to nifidavits The 6 per cent. India loan of filed in support of the opposition, £10,000.000 has left the under- saying he formally objected to writers with 62 per centum them beenuse they were out of their hands. time. It appeared, he anid, that Dealings started at per cent, two days after the Official Revolv-discount and are now Router. er had been appointed Provisional A London message of May 19 Liquidator, the shareholders pass-stated:
ON
His horseR made many worthy wins in some of the most the English important events of racing year, while the pre-race parties at Malden Erlegh became
Although al times famous. Kuests run to hundreds, he WAB moving Galways the perfect host. hither and continunily
thither
his
ed a resolution for voluntary wind- A £10,000,000 India loan at ing-up, and, inter, a body of per cent, redeemable in 1933-4, at creditors decided that the Court an issue price of 100, is being un-through the rooms of his mansion application should be apposed derwritten to-day. I and the voluntary winding-up con- tinued.
Counsel explained that the shareholders appointed Chau Stu ngoh በዛ liquidator, while the creditors also nominated him to protect their interests, in opposing the petition.
WORLD ARMAMENTS.
TABLE OF EACH COUNTRY'S STRENGTH.
London, May 22.
or about the grounds to see that all was well with those who had ne- cepted his hospitality.
Among the big financial transac- tions he carried out in England were the purchase of the Speyer interests in the London Under- ground Ballways and the payment of £5,000,000 for the business of Horrockses, Crewdson and Co. the great Manchester firm of cotton spinners and manufacturers.
He was
After dealing with the legal position, Mr. Sheldon referred in
A Geneva message, states that an the fact that Chau Siu-ngoh was The manager of the company,
agreement has been reached on the
#member of all the hasis of the British proposal for a chief racing clubs and of the Royal shareholder, and also a ereditor. as he had deposited $5,000 with common armaments table, giving Londer Yacht Club-Renter, and them. He added he could not find details of the present armament. B. S. any authority for that position but strength of each country, for sub- pointed out it was not usual to miaston to the Disarmament Con- appoint a man whose duty and inference-British Wireless.
terests conflicted in any way. | Counsel added it would be for his | Lordship to decide whether there should be compulsory winding-up or winding-up under supervision with an independent liquidator.
Opposition Explained.
might arise in consequence of con- tinuation of volantary liquidation, should be voluntary liquidation allowed to continue under the sam liquidator (Chru Sig-ngoh). I! his Lordship, for Any reason. His Lordship dreided to admit thought that winding-up should the opposition affidavits, and Mr. continue under the supervision of D'Alminda explained that the de-the Court, then he could make the lay was caused through his taking necessary order without the up particular care in ascertaining } pointment of another liquidator that the shareholders' and credit-in order to save unnecessary ex- ors' resolutions were properly arpense. rived at and all conditions full- Mr. Sheldon suggested that voluntary liquidation could be In explaining the reason for de-continued with another liquidator. siring voluntary liquidation, coun- and suggested Mr. Philip Moancy sel said a distraint for rent on the of Messrs. John D. Hutchison and premises by the landlord would be Company, or Messrs. Percy, Smith held over if voluntary liquidation Seth and Fleming, addtog that Mr. were allowed to continue, and, in Monney's services would be given addition, the stock would fetch a free.
ed.
good deal more money if sold un- Mr. D'Almada naid if another der the direction of Chau Siu-liquidator were appointed he goh than it would by public auc- would favour Mr. Mooney to save
additional expense.
tion.
He emphasised that, in spite of His Lordship made a Supervision his interest, Chau had been select- Order and appointed Mr. Mooney ed by both shareholdrs and credas joint liquidator. The order ap-i tors, the latter representing about pointing the Omefal Receiver was $30,000 of the total debts. He discharged and the costs of both submitted that, petitioner not hav-sides were directed to be paid out ing shown any prejudice that of the assets of the company.
SALESMAN SAM
(WHY, THATS NO GOOD, SAM!
QUICK! SEE IF YOU CÁN HAIL
HIM AND HAVE HIM FILL IT OUT!
KASHEER TERMS KESH
I'LL GET HIM,
GUZZ!
DUTCH MINISTER.
SEVERS LONG-CONNEXION WITH CHINA.
Peking, May 22, After more than 37 years' con- nexion with Peking, the Nether- lands Minister. His Excellency William Oudendijk, accompanied by his wife, departed from here this afternoon, on leaving China for good.
They had a warm farewell, a Chinese band playing Auld Lang Syne as the train pulled out.
of the Diplomatic Corps, and re- Heer Oudendijk was the Doyen ceived the K. C. M. G. for assist- ing British refugees after the Russian revolution.-Reuter.
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