THE HONGKONG TELEGRAPH. THURSDAY, NOVEMBER 7,
1936.
CLASSIFIED ADVERTISEMENTS
25 WORDS $1.50 for 3 DAYS PREPAID 50 cents for Every Additional Day
Alternate, Insertions 20% Extrc..
If Not Prepaid a Booking Fee of 50 cents is Charged.
FOR SALE.
FOR SALE-Victrola 1043 enbinet gramophone and recoris. Excellent condition, $60. Write Box No. 30, "Hongkeng Telegraph."
TO. LET
TO LET.-Several large and small godowns. Apply:-Kwong Sang Hong Lul. P. O. Box 320.
BEWARE the DEATH RAY: Air Hawks
RALPH BELLAMY WILEY POST- TALA BIRELL
Two Canes of Diphtheria and one nf Typhoid fever were reported to the local health authorities on Tuesday.
“QUEEN MARY” FEATURES
MAXIMUM SUNSHINE AIMED AT
London, Nov. 6.
NEW ADVERTISEMENTS. CAPELL DANCING
UNION INSURANCE SOCIETY OF CANTON, LTD.
| BRITISH TRADERS' INSURANCE COMPANY, LTD.
THE CHINA FIRE INSURANCE
COMPANY, LTD. NOTICE.
The Undersigned
rosume
ACADEMY
PUPILS DELIGHT
AUDIENCE
Marked success attended the twelfth annual dancing display held by the pupils of the Violet. Capell Dancing Academy nt tha King's Theatre yesterday. The
WOLFRAM ORE DEAL
EXCHANGE TRANSAC- TION EXPLAINED)
MR. BRYDEN'S EVIDENCE
charge of the above-named Com-display was held under the dis- paules ns from Tuesday, the 5th tency the Officer Administering accountant Messrs. Lowe, Blog-
tinguished patronage of His Excel- Mr. E. M. Bryden. chartered November, 1935.
the Goverment, Sir
Thomas han and Matthews was valled in By Order of the Board,
Southern, and Lady Southorn. as a witness to explain the tran-
“A. W. HUGHES, -
General Manager. Hong Kong, 4th November, 1935.
LINCS. 250TH.
ANNIVERSARY
No less than fifty varieties of wood will be used in the internal! decoration of the Cunard-White Star liner Queen Mary, which is due to begin her 'sallings on May COLONEL OF REGIMENT 27 next. They include rare! varieties such as Betula, Patapsko,
ARRIVES Makere and Zehrano.
It is stated that the accommoila. Coming here in connection with tion in the new liner is being the celebrations concerned with planned to give maximum suu- the 250th anniverary of the Lin shine. The number and size of colnshire Regiment, Major General the windows is exceptional. "The children's playrooms, for example, will have five 12-foot windows and the verandah drill room งดง than 22 windows,
less
the
The statement that when Queen Mary joins the Company's feet the liner Berengaria would be withdrawn from service was the Conard- not authorised by White Star Line.--British Wireless
FIRE SALE
SPECIAL BARGAINS FOR
NAVY & ARMY
(Two Weeks Only)
VICTORIA SILK PALACE 37, Queen's Road Central.
SWAN, CULBERTSON & FRITZ
Investment bankers and brokers in securities and commodities Daily New York and London Stock Exchange Servier. Commodity Futures on the principal American markets
Members of:
New York Colton Exchange.
Chicago Board of Trade.
Commodity Exchange, Inc.
(Silver, Rubber, Silk, Copper, Hides and Tin).
New York Coffee and Sugar Exchange.
Canadian Commodity Exchange Inc. Winnipeg Grain Exchange.
Manila Stock Exchange,
Correspondents for Hayden. Stone & Co.
Telephone: 30241, 30245, 30246. Cable Address: Swanstock
Hong Kong & Shanghai Bank Buildings, Suite 119/122.
MUSKURA KELANTANNKAMADARANYANGATKAN AKUMATSUMORDAZKED
WHY GAMBLE AGAINST ODDS?: In snapshots, for in- stance, VERICHROME
· Film 'gots the picture where ordinary films fall. See that it comes, Win the yellow box with
checkered stripes.
Kodak
KRICHROME FILM
PRELIMINARY NOTICE.
The Annual Meeting of the members.
of the Hongkong Society for the
Protection of Children will be held
at the Helena May Institute at
5.15 p.m. on Monday, December 16..
1935.*
The performers numbered ́about 70 girls and all are to be com- plimenteil in the manner in which they filled their respective parts. Miss Capell is to be con- gratulated upon the way the dia- play was carried out, and upon her fine solo dunce in the grand finale, which won very warm ap- proval.
The little "Babies" must have heen a problem to their teacher, but they filled their roles with marked credit. The senior girls' interpretation of "Stars" was very well done and their garments of silver stars on a background of dark blue and their headbands of live gave the dancers an air of C, R. Simpson, Colonel of the Re-impressiveness, which was not lost giment, arrived in Hongkong this pron the audience. morning on the Empress of Asin. Major General Simpson, com- menced his Army service in 1875 and since then has held many im portant posts and has served in a number of campaigns including that at Khartoum in 1898. The 250th anniversary of the Regiment was actually held in June of this year, but the event was celebrated by only small events, though in Lincoln many celebrations took place to mark the occasion.
etion between parties it the Supreme Court this morning when the case in which the Ying Wal Co. of Canton, is suing Messrs. Bediker and Co. for $68,000 s damages for conversion was con- tinued before the Chief Justice, Sir Atholl MacGregor.
Mr., Eldon Poller, K.C., instruct- ed by Mr. E, S. C. Brooks, appeared | for the plaintiff arm, and the de- fendants were represented by Mr. Leo D'Almada, inr., instructed by Mr. J. T. Prior.
The case for the plaintiffs was that the defendants wrongfully converted half of the wolfram ore which they pledged with them as securit, for a loan of $97,440. It was agreed in writing that the
tudent should store the goods Im
three their godown for
months The "Dice" number was nicely pending the return of the loan. executed and the girls deserved it was alleged that defendanta look the warm praise recorded them. advantage of plaintiffs' property, The quaintly-garbed little girls in gambled in exchange, and put the the "Dutch Dance" made a great difference in their pockets.
118 that before the appeal and the audience was not defence
money was actually advancet, the slow in showing its approval.
Part of the proceeds of the dis-written contract was substituted by play are to be given to the funds an oral agreement by which they Hongkong Benevolent | had the right to convert the goods. of the
Society and the London Hospital. TRANSACTION SET FORTH
The
Mr. Bryden said he had been Major General Simpson will take presentation to the Regiment of consulted by the plaintiffs on the part in the various celebrations set of silver drums obtained by previous afternoon and asked to which are to take place here, in voluntary subscriptions within the act forth the transaction between the next few days, Including the Regiment,
the partles in the form of a state- ment.
OX
CUBE
Your
Cook
must use .
exe
A few Oxo Cubes make appetising dishes from the simplest ingredients. Oxo dishes are wholesome as well as tasty and nourishing, for the rich beef-juices ti Oxo are digestives of the utmost value.
XO
the
Essence
of
Goodness
QUEEN'S
THEATRE
ALWAYS AHEAD !
In line with our Policy to give the Queen's Theatre Patrons up-to-the-minute Entertainment Wo have arranged for the release to-morrow of Para- mount's Picture
3.C: 1.35
"Wings Over Ethiopia"
The first authentic full-length feature of the African country. upon which aro focussed the eyes of the entire world !
ANOTHER
FINE
PROGRAMME
Marlene Dietrich
.in
TO FOLLOW "The DEVIL IS A WOMAN”
Mr. Potter put it to the witness that 100 tons of wolfram ore were pledged to the defendants, who were not the purchasers. They had for- warded 60 tons on plaintiffs' account and risk, to Hamburg. In a transaction between the defend- ants and the Hongkong and 'Shang- hai Bank. $68,500 WHE realised against # sterling bill drawn against the prods. He anderslood that, on those fuels, which were not disputed, the witness had made out an arent of the transaction between the parties.
Witness assented and presented
statement
the following
נוני
lines:
Messrs. Bodlker haned. 597,000 ie plaintiffs against a deposit of 100 tons of wolfram ore in security, Subsequently plaintiff sold 50 tons
TO-DAY & TO-MORROW ́at 2.30, 5.20, 7.30 & 9.30;.
CENTRAR
THEATAK
A ROMANCE OF THE SOUTH SEA ISLANDS
"LEGONG"
(DANCE OF THE VIRGINS)
NATIVE GIRLS! NATIVE MUSIC | NATIVE CUSTOMS !
Photographed_in_TECHNICOLOUR :: Produced in the Natural Colours of tha
TROPICAL PARADISE OF BALI
by Marquis Honrl do la Fataiso Matincos: 20c., 30c. Evenings: 35c.. 50c. SERVICEMEN: 30 cts. to Drass 'Circle.
POST OFFICE.
INWARD MAILS
Straits and Europe via Negspatam (Letters and Papers) London, 10th October and Air, Mail ex Ama- terdam Bandoeng Service (Ams- terdam, 26th October) Amey Man in
A Floniulu, Japan and Shank
*་
hal (San Francisco, 11th Oct.) and Europe via Siberin (London,
21.)
Det
Japan and Shanghai Australia and Manila Japan
Japan and Shanghat Shanghal and Swatow Shanghai
For
Samshud and Wochow Manila
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November 7.
November 7.
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November 9.
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November 8.
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November 8.
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.November 8.
Fushimi Maru
November D.
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November .
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Per
Date and Timo
OUTWARD MAILS
Thursday,
Friday.
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Toistum......Thum., Nov. 7, 4 p.m. Emp. of Asia Thurs., Nov. 7, 430 pan
Maiana
Fri, Nov. 8, 11 a.m. Hupeh
Nov. 8, 1 pin.
Kutsetters,
Cantón Baining
Elniha, Fulhol and *Hniphone
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Parcels Haiphong.... Swatow, Amoy and Foochow Formosa, Shanghai and "Japan Manila
Fri, Nov. 8, 1 p.m. Fri., Nov. 8.
Nov. 8, 2 p.m. ..Fri, Nov. 8, 2p.n
Fri., Nov. 8, 3 pan.
Hukuman Maru .Fri., Nov. 8; 3.30 p.m. ...Fri., Nov. 8, 5 p.m.
Shanghai, Japan, U.S.A., Central General Pershing
und South America, "Canada and "Europe via San Francisco and
Europe vin Siberia
Fres, Polk
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Nov. 8, 3 p.m.
Nov, 8, 4.15 pm.
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Parcels, Rek.
Letter
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and a. Airica, Aden, Egypt and Europe via Marseilles.
Due Marsellles, 7th December).
K. P. O. Parcels, .........Nov. 8, 11 a.m, Reg.,
Nay, 8, 4.30 p.m. Leuters... Nov. 8, a j.m. Manila and Sandakan Japan, Honolulu "San Francisco Hokuyo Maru Sat, Nov, 0, 10.30 u.m.
and S. American Poris.
(Due San Francisco, 18th December).
the £6,206,
Nov. H. Noon. .Nov. 8, 5 pm.. Nov. 8, p.m. Hinsung.....Sat., Nov. 9, 13.30 a.m.
Superscribed correspondence only.
EXHANGE CONTRACTS
not accept that as applying to the surplus, because you could have sold" your sterling on that day. for practically the same amount. If you had booked exchange on
Messrs Bodiker-would-after this have to book other exchange contracts to replace those which February 12 for this 50 tons of You ore, the thing is Gnished. have been used? If booked for would not make any more lossca, usiness other than this, then Exchange would only affect the used for this business; then, if £441 loss, when that came to be
were to carry out their they
settled in dollars at the rațe: of original contracts, they would re-the day. quire to book again.
From February 12 to May 3, the dollar roze?—Yes.
of the ore and paid to the defend-appear?--Yes, they crystallise in it came down to $5,000?—I would ants the proceeds which amounted to $56,000, leaving a sum· due of $41,000. Messrs. Bodiker shipped bu_tone_10_Europe_and_drew_a_bill. on Hamburg for £6,255, 16s, which they sold to the Hongkong and Shanghai Bank for $68.500, thus having a surplus from the loan of $27,500. After deducting this saum from $3,936.89 made up of freight. insurance, petty charges and two per rent. commission, the defend- ants
hud IL surplus of
COUNSEL SURPRISED $23,5.11. But the transaction
At this stale, counsel, after was not yet completed in that funds
Would it not follow that Messrs. consulting his clients, atated that had not yet appeared in Europe to enable the Importers to meet the Bodiker, in selling sterling dur- this evidence had taken him. bill of 20,265 16s, drawn on them. Jug that period, would get less in somewhat by surprise. It had not | been mentioned by Mr. Potter in The ultimate sale price of 50 tons dollars?--Exactly. of wolfram ore was £5,814. 3a, 7.. .-Does that not, in fact, mean his opening statement, and he thus making a loss of £441 128, 5d.
that deductions in connection with would like to have His Lordship's From the above figures, Messrs. These losses should be deducted permission to reserve his further. Bodiker shouki
the from this figure of $23,0007-I do cross-examination to another ocen. necount to plaintiffs for $23,563 118, less not think so; it depends on the 2411 12. 5d. Therefore Messrs. relations of the parties. The ore, This was agreed to. Budiker would be entitled to two has been sent horse in the -capa- Mr. Potter, in re-examination, per cent. on $68,500, and not on
city of agent. I base that on the salt that supposing the dollar had.'. $45.760.92 in their statement. agency commission charge in the fallen to a shilling, that would statement. Having sent. that have been the plaintiff's mis- home, you sell your bill to ascer- fortune. Here was a sterling bill your dollars, and you get of £6,255, "Convert it at whatever rate you like," he said, "but you do convert it. Messra. Bodiker's ability was to meet that bill at the other end with £6,265. To do that, he had the wolfram ore; if the ore produced that sunt there. was not another word to be said?"
Witness agreed.. Whatever the dollar went to?— Exnetly.
FINANCIAL CONSEQUENCES
3. Poller: The net result tain would be that plaintiffs would get $68,500. $23,000 less the amount of dollars required to produce £441?
Witness: Exactly.
As a chartered accountant, that is the way in which you would deal with this transaction. You have seen Messrs. Bódiker's statement? -I would not agree with that at all. on the facts as stated to me.
His Lordship said he understood Mr. Bryden's statement to present the financial consequences, naaum- ing the facts were as "outlined by
Mr. Poltor.
Mr. Potter anid he wished to put it a little higher-that these were the financial consequences assum- Ing the defendant's case that the goods were shipped for the plain- tiffs' "account and risk."
The reason is you have loaned some of your own bills for the purpose-Yes, I took that into account, too, but if you had not taken your own bills and had sold on the date you shipped, the dif- ference between the two is very small; the difference 'the plaintiff's' favour.
In $100 in
sion.
፡
Assuming that they got wuch an A SURPLUS -
Increased zum 09 to leave balante in favour of the owner of. On that basis the agent, in your the ore, that would be turned into view, has made a profit of $23,000 dollars at the rate of the day; if 1088 £4417-I would profer not to there was a deficit that would, be call it a profit; I would call it at the risk of the plaintiffe?— surplus; it is not a trading profit. You think it should belong to the plaintiffs?-Yes.
Mr. D'Almada, in cross-examin- ation, referred to Messrs. Bodiker's letter to the Bank, dated February 12, in which they act forth the various exchange con- tracts to be used in connection with the wolframore transaction.
He asked witness: They contracts which an export firm has to enter from time to time to meet Yes. commitments?
ure
Yon.
Counsel: That is our caso, that once you fix exchange, exchange disappears entirely out of this transaction. ・・
If, in fact, that agent carried out this transaction by using some of his own bills, and later he had
Hie Lordship: Except for the to but again to meet other com- £441 loss, after realisation. mitments that would reduce the Chong Fu-peng, a partner of surplus considerably?-Yos, he the Yoe Kee Hong firm, doposed would probably make a loss or u to having signed a contract with reduced profit on subsequent con- one of the partners of the plain- tracta.
taif firm, to purchase 50 tons of If the exchange had gone the wolfram ore at the price of $80 other way, he would have lost? per picul. The salt was not put through because the plaintiffs Will you accept it from me that, failed to deliver the ore.
fact because eight of Cross-examined- Witness: Yes; it is prudent in
by Mr. these contracts had been lent D'Almada, witness maintained
this to
transaction, Messrs. that ho dld sign the contract These eight contracts wore louned for the purpose of this Bodiker, after that date, had referred to, and strongly dented transaction? They were used; to go Into the market and that ho had given falso evidence whether loaned or not, I cannot sall sterling for the purpose of with a view to helping 'the plain-
their own obligations, and that tiffs win the case.
The cane la proceeding. Those contracts therefore dis- this so reduced the surplus that
business.
way.