-15-
74
B.
With reference to alleged financial transactions
between the First Bailiff and the Auctioneering and
brokering Company, Limited.
The First Bailiff states emphatically that he was not at any time a shareholder in the Company and that he did not at any time receive any share of the profits of the Company or any commission on business introduced. There is not before the Committee any evidence
to the contrary.
The Ledger accounts of the Company show that the
First Bailiff made four loans to the Company.
Interrogated with regard to the se the First
Bailiff said:-
"I lent them $3,000 in March, or April, 1926, and
$739.25 for the "Ling Nam" this year. I think I
also lent $1,500 in June and $1,600 in August. They repaid the $3,000 and asked for another loan of the same amount next day, this I made. They have had about $7,000 in all. The whole of my
life's savings. I had no security. They were to
pay me 5% interest.
"There was the "Ling Nam" lying there and I thought it was all straight. I wanted to help Hodge and I depended on Wong Fung Sek. If I had realized that they owed the Court so much I should
never have lent it. I had no idea until recently".
The loan of $3,000 appears to have been made at a
time when the First Bailiff called the Company's
attention to the fact that the proceeds of certain
sales had not been paid in.
The above is, so far as can be traced, the full
extent of the financial transactions between the First
Bailiff and the Company.