1889-07-08 — Page 3

B

ed

-Na 8287 July 9, 1889.

together with interest at the rate of 89 per cent per annum from the 31st March last, and "swage

THE CHINA MAIL.

this was that there was a rumuns dataide the Company $20,000, and the value has that the Company had had a good year, and gone up to between 360,000 and 870.000. the rise in the price of hemp, of which the I did not know about the increased valno Company had good stock. Hemp began of the land in January except in so far na to go up in December 1888, After 18th 1knew the value of land had increased: all such | Jannary I had several transactions in Repen, over the Colony. The amount of increase

3. That the defendant may be ordered

to pay all costs of suit,

Or that the plaintiff may bịve

may not

further or other relief as to the Court; I auid 125 shares about 6th Feb at $100, I in 10 particular case I only knew a wook munt with Me Shewan a conspiracy to raise - as my brokers 400 shares on or about April proposed to finance. Grimble's shares, doing ufything in ropat MAN

And the plaintiff will over pray d

Ansicer.

TRAIN

extent

the defondant sys---

6. The said firm of Russell & Co. are the General Managers of the Hongkong Rope Manufacturing Co., and early in the pro- sent

year

the members of the said firm of Reall and Co. and the employees in the said firm became aware that the Hongkong Rope Manufacturing Coy. Limited, bad, year ending 31st December, during the 1888, made very large probia and would be able to pay a very good divideod for that year.

The

what a corner is Wituera--Yes.

is.

ore,

"Witness-If a man sells shares which he

Στα

it

Witness-I should any it was a perfectly m 176 for cash. Aftergards this told joely thought that Mr Potts would Me Franoi Had so disre ia too, I do not think that anything. The dia come our way." [anything for depreciation because of tho | Mr Grimble that the Bapes were good. extended the time to April 6th. They sold that plaintiff and I were brokers who were doing in rope

the

קיו

事

I

him to

acting security. This

was said to Mr. Whitehead 10 lead

may have led him to thine so

I offered farther W. H. Young-I am

10

as

'nit

Mr Francis-Did you hear of any other

Witnces I may have heard that such and mich e tuan and done business

chalz The Acting Attoniey. General--What la

name.

Mr Francis But Fi must insist on the

solemnly undertook not to divulge it.

Witness--I cannot give you the name i

Mr Francis Was it Mr Bean, or Me

would bare sold them myself. I had not the bargain I did not know that plaintiff money I should have used it myself. The Me Francit Id it rot your pastom to, go faintest idea of how many shagos bo hao, was the purchaser that sale was made other persons were Mr Moore and Mr about in the morning enquiring abort I knew he was buying shares. I did not through Messrs Joseph and Fredericks Duer. I had not consulted them on the shares? Did you know of any other uns kuow that he hold over 1000 aures shunt From the end of March up to the 8th April subject of the adrance. They were willingho had these sharps 1 Chandra the beginning of the yeatology to when, this action began there was one to leave ma to da as pleased. I never Witness-Ioannot sey. We were not

Mr. Francis Did yine think this arrango action: Joseph and Fredericks sold for me

think to Mr Coxan, broker? sold about before the report came out. I knew the price of shares? the same, dató 50 sharon to. Mr Mendel at that there wore previoue losses, but con-

that the buyer could not provide the Bi02, I think; I sold some about 10th Fob aider it was quite unnecessary to set aside legitimate thing wo did. I may have said to money promptly, and at their proposal I

Benjamin and Danby at 8185 The plaintiff is get an Underwriter, sold 50 charca to Morers Lightwood and increase in the value of the land. I know Mr Grimble would know that I was not by my authority. The purchaser was the mor is be a clerk in the Yangtze Insurance Boutt, but I emi't remember ise cute or the about. Dengruber last that the price of rope connected with the Rope Company. I can- dufendant. I knew all along who the Association Limited. Be is a clork in the price; they were for delivery on 31st March. was going up. T I can't say when the in- nut pay and employaaunt of Messrs Fansoli and Meat Bejaka and Danby refused to Burance of tops going out were largest name & prinsipal who cared mo 200 or parenser was. I did not instruct, Joseph, partnership with B17 A, G. Stakon. I pat. Mr. Francia-May not aclude from- 210. I cannot remember having obtained and Fredericks to conceal my name. As it through the coutract between the plaintiff your share circular of 31st March, whene Co. of this place and, as the defendant: be- give ine the natio of the purchaser of the without looking up. The first time I reala bons de offer for 200 pr $10. I got was a cash transaction it was not necessary and the defendant on the 16th January no highest or lowest quotations are giron, loves, attends to the business of the Yang shares thay bought. I had some cash sales ised the fact that the shares ought to rise quatations from several brokers. I could to disclose my name. I required a sold (Handed contract note). This is the cou. that there was no busines tece Insurance Association; Limited, under before the 31st March, but I can't recall above $100 was about the beginning of Fe have sold since March at 176 to Mars note, that is a meniorandums, from Mesere tract note. The settlement was the 30th

Witness So far as I knew, there was to the order of fears Russell and do, whetham. Before entering into this contract bruery, I generally mess with Mesa R. Stokes and Young and almost say broker. Joseph and Fredericks, I think I have got it. March, I make up a weekly shine list of busines an the Ceneral Managers of the unid Com with Rustomjee I think I had a few Ropes Showen, Watson, and Daer. There is some I was not anxious to sell at that price after I had some shares on joist account will the operations, in the market. I gt my Mr Francis How do you explain the

2. The defendant is a broker and general the most. I think I must have parted with rising at falling of shares and the grounds Me Shewan speak about an advance on joint account with me. It might have been marily, from other brokers and from two or and lowcet on the 33rd Marsh?

in my possession : 1 think fifty shares at times conversation about Ropes. The the report came out, I think I heard Grimble. He bought I think 100 shares on information from out own trabections prie jump from 120 to. dealer in shares and rosides in Hongkong. a hundred before that. I am aware that for either are sometimes dispune. I vever 1000 shares.. I did not hear Mr Shewan 125. I don't know when it was. It might three oparatois who perkaps know, Shores do put know the reason Wherever the 210, giren as the highest

3. The defendant did, on the 8th day of there were several transactions made on board from these gentlemen the number of say to Me Whitehend that he could bring have been before January. They were for

Witness-There were great fluctuations : I da the brokers themselves (Hand-d' share, January last, enter into an agreement with time for 31st March 18200. There were,

shares any of them hald. From my inx number of other shares I did not delivery on 31st March. It

I bought later the list for week ending 30th March) Rajos quotation is marked nominal to the boat of the plaintiff to sell to the plaintiff 60 shares I think, 50 shares bought for 3200 knowledge of tis business through hear him say anything about getting good same number on joint account with him, so are quoted 20 nominal. I had one tron- my knowledge no business was done.

of time in the Hongkong Rope Manufacturing Co. cants during March. I was kopt

work my

insurance in

office 1 security.

What was said did not fix itaulf we each held our own. I bought later when ection in March in Ropes of the 2nd for Limited,

at the price of 894 por share, and

of the mar knew before the end of last year that the in my memory. I got my advanon and I the shares were higher, so he received sense oorspletion at the end of the month-General-You mentioned some shares i

Re-examined by the Acting Attorney formed of the stalo.

Brokers, by the

Four or five

of the profits to deliver the mit shares cum all against used to come to the office everythau in tito previous posts

Company wonki

that be better was happy.

thing from nie, but I do not know what. I broker's transaction. or about the 27th March last a dividend of day, and I naturally asked them how the nothing positively about what the profits i santaimed † are.you money, Telsim. I pro-financial zaistanco to take up some of them. two 20 lats at 102 for the end of March. give the price in your;lint: ? :) cash on the Slet day of March last, and on

We bought and sold. know Mr Fraugin-What actual tage have you had no transactions with Tower. 1 had The price was 12 dollars for the end I

were sold in May or June.

Witness-I heard of eales. aut of pocket! uono with alex. Dagr. He came to me for Burch. On the 6th Feb. I bought and sold The Acting Attorney General D}& 26. per aharo was declared in respect of the market was doing. That is my means of were to be, but I estimated them foứ

my WitnessMy lore is what Bald shares, a

knowledge of the state of the market dur-self. In June last year there was a gond hably might bays had the shares just now. This was in respect of about 15 shares; I On the 7th Feb. 30 shares at 8104 and The defend int did not deliver the said ing March. I am aware that fam charged business done in Ropes the rumours There is a loss on 60 shares I delivered at a think Duor had 175 shares. I assisted Duer March; same day 50 shares at $106. end only give the quotation when it in cash, or Withesa The sales were for October. I shares in pursuance of the said agreement, in conjunction with others with fraud or with regard to the report may have been higher price. I sold these shares and had Enancially. Ho deposited his shares with of Aprit; 25 samo day a $105 delivery wh the dato is so neat that the for days but in the contrary he reputed the said concealmeat in.

in this case. Mr Tomes, one affont sa long ago as October lust. I dare to ma them good. I thought Mr Daer

I had none.

of Grimble's sh 12 Agreement on the ground of fraud and cons of the parties mentioned, is a partner in the say I bought the greater portion of the 150 had about 100 sharus I know of no agres-

I had no transpots end March. On the 8th, 20 shares at 107 may be sirtak off and the transaction con церовной

with me coslment by the plaintiff.

no transactions end of March; 5 at 108, cash 11th

sidered February. linn, Mr Shewan is in the shipping office:obares I had on las 6. The defendant denies that on the said Mr Duer is in the book effico; Me Watson / rumours had begun tory after threement with him. I did: not know whether with Mr Watson. I have heard that be lid on the samo date, at 110 for 31st Marob.

circulate. Ta atawer Mr Watson had shares or not. I told 26 or 50 shares. I had several joint transe On the 11th, the said shares was $200 or anything like ble is in the Duck Co.'s employ. He was I held en sitares in the Rope Company un Rat roniember when I gave this did not sucial assistance, Grimblo did not consult joted on the 2nd Marol passod through my May at 165 for October, The Sharen wore. 31at day of March last, the market value of is in the shipping offices; Mr. Frank Grim- in an interrigstity sder-seed to me. I said Brimbls if he had ropes (i) hold on, I do tions with the plaintiff, to the extent per- Cuiftery 315h June. On Fab. he. 23 ad of in May as nego trasestions you-board

advice. I that value, and that the plaintif has sufforis Messrs Ransell's employ, but left two 16th January, but I spoke merely from night he had rares Mr Yockney asked me as to sale of shares. I advised him not hands as the 30th Maveli. Ile kaller was resold on the 22nd at 178 for Uctober

although I rotape of 50 or flu shares. I gave him no fin. 150, delivery 30th June. The 201-zat of in or Juno

20trans Wildess-I heard of hava

gila, on thỹ làth damages to the extent claimed or to any year ago.

memory. I can't say what ocentred in know shares. In further reply to the Petition heroin, undering Aitorney General-Do yon regard to the position of the Co. to justify use about the shares and I told him to look to sell. This was some tim in January. Dr Nable, the buyer Mr Ewena. We, bad That is to the best of my knowledge.·

the jump of the shares frota 2105 to 8150 out. He came up to see me and asked do not know that cons quedo of my Nothing had come to my knowledge to if he should buy ropes. I said I never advice he chauged bis course of action. I had 25 shares at 170, delivery 30th June, you

a thing in April and May. On June 13th Mr Francis (through His Lordship)-Do His Lordship-Well, just tell us what it justify me in making this jump except the advised to buy or sell. The rumour cao heard that he had arranged to soil come of) nur áùother 25 at 175 delivery on the saneera 7 who were the sellers, and boy? -

ontsida rumours that there was to be a big to ma in Foraary or March, that the these ebares and I advised him not to do so. date. They were bunght on account of Mr rise. rise. I had

Withens-I know of one principal I specific information. I can shares were held ar by. Mr Shewan. I think this was in January. I think the Bress. has not got and finds that when he wantsomon $170 cash for 420 shares on 25th there has been a quarrel between Mr told him he would do much better not to sell, in my share fist, 1. mean there is no actual give it.

other reason for my paying Mr I think it was afth February 12. I know transactions related to about 400 shares.

osunot give you the name. I got it udfor them they are all bonght up, ha a cor-

Cross-examed-When I put nominal the strictest understanding I was not to L'omen nared."

Match, except what I have atated and the Sheran and Mr Grimble. I do not know I will not swear to the date. I only advised Lusinuss, and in the absence I approximate. His Lordship-Yes, but that does not supposition that there would be a good res the cause of the quarrel. I heard he had him onco. I did but advise any one else to Thors might have been, business that I had explain what a corner is. A corner is sure- port. I don't know whore that rumour would suld shares he had given the refusal of to the same effect. My shares were in Banks not heard of. The purchases of Mr Ewens ly a union of persons to buy up shares in be likely to come from their co tumped carrying, outs bargain for shares. Mr than shares on deposit at one time. 1th Feb. The 170-let-was sold by Cohen

the Shewan

I never heard he had been stap- and in friends, bands. I never had more were to completo previons contracts of the order to raise the price. In that not clerks fo the tirin would be _likely t to form

Witness- Yes. 100 Acting Attorney General-But a fore the dircot of the report even be- (Grimble very often came in to tiflo. As had heard from plaintiff that his greatest Geots, and the 175 by Robert Showan Polls for Mr Daer, or wes it a sale to

pretty good 7. In or about the month of January last

They could not all far as I romomber he always denied holding was from 500 to 600 shares. Inset číroo

direct. the plaintiff or the persons hereinafter

finer and myself could form an idon there oular dated 29th did not reach me on the Chartered Bank; I was applying for advances to Mr Robert Showan: I have no other The 25 shares at 160 on the form a good idea of it. Mr Towes, Mr having ropes. I cannot say why the cir- hins in the street as Wes going to the 12th Feb. were sold by Mr. Van Buren mentioned or some of them together with

Daer Charles Alexander. Tomes, a pactper in the

would

my shares, and I think Plaintiff was traumction between Bir Shewan and Van my mind to a certain extent in Bir Francis-Was there not towards the doing the same. I think it was in January, Baron. Shewats, Aletander Duer, George Irvine it: means operations by an association, making my purchases, but I was also in- ond of blarch a decided corner in ropes f but it is difficult for me to say. Perhaps I quote in my weekly share fist clis

For the week ending 6th April Watson, and

to the defendant un Burely in the urdinary use of the term it

fluenced by cutside rumours. I can answer Witness-I did not know it then. There we applied jointly for a joint loan on ouring prices for Ropes

swer

B8 150 nominal known, dierks and employees 10 Phineas alang phrase that a man is cornered if he originated by me. I know that the defenwas. I know now, since there was abort plaintiff to apply to the ongkong and gleaned the

the said can't mean anything acidentat? There is for myself that these rumours were not was a rumour. I generally supposed there shares. I do not remember authorizing Lightest teosaction 1621, loweet firm of: Rasall and Company, rk get into a dimeurty. But if a man buys dant had been sending complaints early in selling.

120.

HONGKONG RIFLE ASSOCIATION, information HS I did Francis Thomas Grimble, formerly a

my other Shanghai Bank or an advance on my stares. Information. I do not remember whom and book-keeper

I Spoon competition si 200 yards, position now, that is the adid Grm but

all the tea in the mark at to raise March to Messrs Russell and Co-about Mr Francis Were you not told by the He knew I wanted one. There was no joint got the information from. To the best knocking.In this coupetition, on Satur the price.

the dealings of their clarke in Rope

advance, nor was there any advance to me Deck Co., Limited, confederated and agreed

shares. never sold any shares to Mr Witness I would not have believed individually at that time by the Best of my knowledge theau were the correct day, the 6th July, Sergeant Major Moraon, together to take advantage of this special not propose to follow the question farther.

brother wanted for practical use it bua no meaning 41. Lieut. Carlyle, H. A., was tip with 44 knowledge before it became known to the Witatse (c ntinued).-On 10th January

held by three or four meu.

financial statue also. There was no joint For the week ending 3 March, 1 points, but had to conosde 5 points for t general public, to buy up all the shares of I had no knowledge of and was no party to

Mr Francis-Well, say six mon

arrangement between me and my brothor give the closing quotation 20 nevins pre

previous vin. Full scores subjoined The Asid Hangkong Rope Manufactoring any corner of confeduracy. I did not know At this stage the Court adjourned for Witness-They could au; be held by six or plaintiff as to financial assistance. They with nothing is the columns buyers and Sgt. Maj. Marson, K. a. 4114403454 Company Limited at current prices, to of the existence of anything of the kind. tiffin.

mea. I believe they were held by some made their own arrangemants, so did I sellers. In the week ending 23rd March Mr E. L, Woodin 4414346644 hold the shares so purchased by them until There was-ao-concerted ueasure to my

Mr-Potts (oross-examication continued).men. but I did not believe there was a there was an agreement prepared between there is a transaction at 210, which is given J. Careon, P.C. 544 after the 31st day of March last, and nat knowledge Letween any of the

I bare not got the cheque I gave to Mr ring. I was told by the brokers there was myself and hir Perry to the effect that was the highest figure. The closing quote-D MeLentan, PO. merely to take advantage of the reasonable mentioned in paragraph 7 of the sinewer. In Tomes. It is the Bank's receipt for the ring and I took the information for what would not sell shares except at a certain tion is nomibal and the low-st 120, Lieut. Carlyle, risa in the value of these shares consequent March, about the latter part of the month, payment on my account. I keep a current it was worth I did not withhold my price. This was not long before March There were violent fluctuations then.. on the declaration of a dividend but to

promised Mr. Showan to give him the acenant. They do not send back the von jhares from salo at a price because I know how many shares Mr Perry had. He There WT THours that there was a It was not in January. I do not know no cause for hese violent auctuations.

IMF U. Ford....4554495 create an unreal and fictitious price for the refusal of any Ropes I hadh, I told him ohors in support of their charges. It never of the existance of this ring.

The in know

Mr E. Robinson...... 4351314434 aid shares and to defraud and cheat un- could not sell them under $156. It was struck me I could

EATO mne to understand that he had 600 to corner in shares. During the taras weeks Mr F. Howell

Mr F. Collins... 5243443544 wary speculators and such other members his request, not my offer. Daring the not got chaque book. It was de Reexamination- eonsider speculation 600 shares. We were sot to sell under 175. I have referred to I cannot say if there Mr J. Anderson......

4454444340 cannot say when I destroyed it. to be buying something you cannot pay for The

3333-140444 norance of this confederation and agree the shares were held in the Rogo Co.

plaintiff promised me the refusal of

were any borax fide transactions.

A. can probably guess the date the old and hold it for a rise.. I was speculating any sharon he had got before he sold them

Watson, P.U. ... 9344334442 ment, to enter into contracts for the sale of I did not know how may shares bir Bhowaniebaque book ran out from the now book. f for a riso. I know nothing of the Pa• Mr Potts was not to the beat of my

Mr Francis-Yeu get your fair share of Mr M. Suzaki.. 300413220 shares in the Rope Manufacturing Com- beld. It not know how many Mr Tones I cannot say if I paid shy other money to

to any que elso. This understanding with business, don't you?" pective dividend of the Company. I

Witness--I hope we do. pany to them or any of them for delivery held. I did not know during that period Mr Tomes. Probably I have received some no idea of figures. My calculations were one to before March 25th. has no such bit Frunois-Can you give any reason

or before how many were held by other money from Mr Tomos-oard mouer based on impressions and were guesses understanding with Grimble. My brother why you Mr Duer or Mr. Watson. At the time and such like. I know Me Towes ind

bod bie shares with me to do as I liked withing this period?

i po krapaastions in Ropos dur- Any knowledge gained from the books shares, and I offered to take them. To the firm would be breach of confidence | Since the 31st March I have sold 50 to the best of my belief he quoted the price, to make public. Rework wight be passed Rustomjee at 176, but he has not paid for as I said, our firms way net nach in ropes.

Fitness-I think business was doing, but but I would not swear it was not the other in the office between the book-keeper and them, 20 througli Stokes and Young, 20 way that I gave an offer. I did not lick the other clerks about the Company, but through A. S. Cohen, these less were sold closing quotation 120, buyers.

Mr. Francis On the 16th March your into shape the probable value of the shares of the report. I paid $170 because it was not say how anything that passed between Stokes arul Young, and Mr Ismall executora to the the market rate. I do not think that me and Mr Showan and ibo mannger of the for Devajte doceased the 25 througli 4. S. purchase made the market rata, becauso bank got outside. If it did, I suppose it Cohen. I also sold 50 f

O for each early in April transaction? W. Wallane at 179. I had to of it None of the brokers kuse of it

previous To my knowledge, hir Shewan did not

contract pending which this transaction know on the day of the purchase. I did

could have extiated. I did not sell any not tell him the price. I told him I had bought from Mr Tomes, but I did not say tion): I am a clerk in the employment of think 179 is the highest price I ever got.

Robert Gordon Shewan (sworn examina. shares during the last 10

of March. days the number or the price.

the Bros of Messrs Russell & Co. I have I have heard of sales at 200; I bought house Mr Francia-How did

it

200. This was about the end us daring the present year had something to myself at Manufactoring Company, Limited. I have price

for cash:

I think the brokers were written most of the letters connected with Lorge and

transactions at 200, but I do not

|

corner may eziet without any confederacy?

Witness-Certainly it might. Hia Lordship-Perhaps the explanation

maid firin of Russell & Company, Robert is not dučananry after all, but I rather think] fluenced ge profits. That no doubt in- 30th, Sist or 1st April.

ip

In the office of the Hongkong & Whampoa

corner,

brokers!

and

to do with any of the partios interested. Banks?

Witness-None of these. It had nothing.

The case was adjourned till to-morrow at 10.30 a. in.

The Acting Attorney Genoṛal said he did Tomes that I am aware of. Fur the shares them, for the sheros could not have been and Shangbai Bank. My Hongkong rates. So long as a quotation is nominal RA. carried off the spoon with a score of

parties

I bought from him I paid him by cheque on the Oriental Bank.

of the publio as they might induce, in ig-samo period I had not the slightest idea how stroyed." old it by asking. I have formation did not influenco me.

A..

before the of March.

I

of

loff

belief

SUICIDE IN SHANGHAL On the 30th alto, Mr Peter Schmidt, a brought to the General Hospital suffering Municipal rato collector, Shanghai, was from a terrible gunshot wont work from the first ·wan considered fatal. It was evident that the bullet had been!

held the same from sales until after the that he was short I had no further deal until about a week before the publicating ation is not supposed to go outside. Ican-Mr Greasy Ewena perchased the 25 through | based on the transaction we had on March where it was lodged, and that the wound.

figures were never given, and such informat

at. 175 cr 178 I have been told that Witness-That question was probably fired through the month into the brain,

entered

8. In pursuance of the said confederacy and agreement the plaintiff and the persons purchased. I believed defendant was the mentioned or referred to in the last para-holder of from 1,000 to 2,000 shares. I graph

.or sowie of them bought up and had to particular knowledge of what he continued to bug up shares of the said held after that, except that at the latter Rope Manufacturing Company and with part of March there was a general rumour said 31st day of March.

ings with him after 10th Jan. to my koow 2. At the time when the defendant edge. I did not know many shares Mr into the aid agreement with the Frank Grimble held. The defondant could

maid 50 shares the subject matter of this market at the end of March. On or about sult, the plaintiff was a member of the said 19th Fab. I bought 420 shares at 3170, confederacy and was actively employed in cash : I bought them from Mr Tomes direct

out the designs thereof; and he I bought 100 for delivery on Slet March at knew and the defendant did not know $150. That was about the beginning of because of the

of the said Feb. I found, when I got the broker's operable for confederacy it would be

the

I for wan. bought 12 shares for delivery

absence of others.

Mr Francis-Did you hear of any other Witness-Nothing in the since list re-

Icompile the list.

plaintiff for the arlo and delivery of the certainly have obtained shares on the nobody but I und Mr Wotton knew I must have been through the Bank mana- to content with Wallace. I hngalle it, and I havo not thy notes on which died about o o'clock its the afternoon. It

that

ying

noma to be

ger.

The following evidence, takon de bene esse, was then rood --

na

defendant to obtain any such shares for contract note, that the seller was KIT MU? known over the town by the brakers the do with the busin: sx of the Hongkong Bone February. I purchased about 125 at this

on the 31st March in fulBliment of on 31st March at 8101, through Mrsano day 7 delivery the said agreement of the 16th January B. J. Cozen. That was also about the

Witness-I cannot say. I have sold 100

the

return

was undoubtedly self-inflicted. The u fortunate man, despite all that medical skill could do for him, sask espidly and

«ppears that Mr So midt, who had been in- about a year ago, sont bis son out in the a desponding state since his wife's death

morning on some orrand. And on his ret be found his father lying on the foor with blood streaming from his mouth. Au alarm was raised, and the father was taken that pecuniary troubles of a by the police to

the Hospital. It is stated a private nature

Witness I have up knowledge of the believe that his affair with the Mamoips! decessed for some time past, although we business.

Council will be found in perfeet order. Be

Me Francis-Was there any reason for

jamp from 120 to 200; Witoces-I do not know the reason, Mr Francia-Any change in the position and propI heard they were doing well.

of the Company? Mr Francis-Was not the Juctuation

Witness-I

7

aksept from the confederates and atauch { beginning of February. On 15th January of these shares. The scrip of whatI bought the bnajness. I have had nothing to do of other and Gubbay. I have heard due to the operation of a ring or cornet had also been praying upon the taind of the

iog'}

at 0g for delivery on from Mr Tomes was handed to me on with the acquota. On the 1st of January number of clares ju tho Company. Towards Rope inçiz-Have you reason to boliera fult several letters, araongst others one or

two to the Danish Consul, and one to his

11. On

pricas as they should think fit to demand, I bought 25

now remember them. 3000 is the total and the

at the time he entered plaintiff at

31st January. Those are the into the said agreement had no intention of I have had, so far as I can remember.

purchases the day I bought the shares. I Bold

1880, I owned about 900 shares in the com- A hundred taking delivery and paying for the said 50 the end of March I held 45 shares. A sold them at 186 to Mesars Benjamin and name, some were not. On further recollection ing making the agreement with Mr Perry I there was a ring in ropes?

I cannot say what hundred. I pany; some of them were registered in my the end of March when I was contemplat sharon:

certain number of them are 10. The defendant further says that the S: Wotton and the remain deposited with Danby for the end of March. I did not I did not own more than 200 shares on the tried to find out who held the shares but

know the purchaser. It was adjusted in 1st of January. On the lat of January 1 shares, I did not ask Mr Tomes about the

could nok. I know

that Russell & Co, held sail agreement of the 16th January 1.3 Oriental Baut, That was the balance I my monthly broker's settlement. I think had bought 901 on time contract, but out I and my brother had about 1100 betwson wa, for the sessons aforesaid, not merely had on Stat March.

they were sold about the 12th or 13th not hold more than 200. I had at different. I did not know that Grimble had any roidable, but vold:

By Mr Francia-1 was in the employ of February-the middle of February. I can- times purchased more than 900 shares and

Mr Potts I I knew had 500 to 600.

4

T

I di

cem

I

more..

whole of th

I think Russell

Witno-Beyond rumours I had to knowledge.

BOD iù Which

he states his reasong for his Shewan was buying very largely 7

I although these are wiltten Fosolve, and alt Mr Francis-Did you know Mr Hubert in a calm

tobo, the doctor are of upinion mind was big min

at the Witnem-I av heard he bought large.

was quite unhinged at time.

An inggest was had nothing

Om

inst, by

1:0

bad

the 3

had forgotten about it On January ist

cannot say how many & Co. were bound to

after

Mr Francis-For the week eeding 2nd Danmark. Evidence was given that the

Mr John Macgregor Acting Chart for

Witness-It meant, I suppose, that there was no business deing that I heard of.

Mr Francja On the 23rd February your quotation is 170 nominal. Na knowledge how that was arrived at i

Wilness-No. Knowledge.

Mr

Lee addicted to drink. Among the letters him after his wife's death; and that he had

loft was the following for hingegeben. JORN MACGREGOR, EAQ

Acting Compul for Denmat SIS,-1, the undersigned, was great

a

oorld not obtain' anri shares in the open Oriental Bank for two or three years. I Massa Benjamin and Danby. I held about would help. to fix these figures: the 200 Joint account with him for 25 shares but Feincie-Og the 16th February, you forished about what you tolti me 22ąd fret. turing Company Limited were never worth a' troe it. I had no coulcaols for the end of March, ale out of this of the contracts to buy or sell after the 900 shares which I held at the end of | quṣte 200 Eighaat, 110 lowest Дuy recul.in regard to drinking. It strikes mu viry

January through the bank:büt 1) smh. I did not my back the other Pntly with another porso when he was there and then I made my it wa

obtained from authentic sour the wife, however, he or they are:: We did not start from what has been done. If I put in of the I am fully of opinion it in on

of

12. The shares of the aid Rope Manufa

shares on

more than ở.00 per share cum dividend.

The said lat day of March inst the Yangise Co's office in London. I have not say the exact date. In my answer to the sold some free time to me. I reckon heard that Grimble had 400 Mr Deer haddy-ART to the extent of 203 or 300 shares, and for some long time previously the never underwritten on my own carrogatories I did not mention then that. Estood to get about 900 at that ti 175, Mr Watson 25 to hold 50. I do not platch, your quotation in 143 nominal, voan lind been troubled about money mist of the aid sharus in the said Rope either here offerto Russoll for the Yang- and it was not brought to toy menery till | stoud to buy. Allugetker I may have pur-know how many they actually held, Mr highest, no lowest. Had that no practicalter, a large number of bills enrolog in to Manufacturing aither actually held Limited were employed by

● or in England. I was specially hundred abazes. the plaintiff and the tee and other Insurance business. members of the said confederacy or were been four-and-a-half years bere. I was not to me. I paid Mir Tomes direct with cheque January 1st. Besides the 200 I had,

Friday laal; when Mr Danby mentioned it chased from 1,500 to 2.00 shares before Perry stated that he lind 500 to 600. I do meaning? I have controlled by them, and there were no boot fide dealing in the said shares and speciating in Rope shures at any time: 1 or chor different amounts him stood to receive about 700 shares up to themselves a considerable i

cheques. He asked me to give

to not think that Joseph and cheques market price or value thereof. The purchased them either to hold ur ball at

June. Imay have contracted to receive about defendant, by reason

son of the

poft I can't any when I purchased the me no reason for action of the

making that request. I

Cross-examined Attorney fieneral: Thad est. 1,000 and to sell about 300, thus making the I beld before the 16th January.

maria plaintiff his confederates en ATOTORaža :/ 300-nbaren I

more purchases hafage the end of talanga of 701, but I cannot give figazes joint contract with plaintiff for 50 shares I have

a current account with the March, The only sale was the 103 to exactly. I have to memorandain which in Janusty. I may have had auother market or anywhare except from the plain have looked to see whether I

I had paid

820 shares for tiff and his confederates and as such

On 31st March, prices as be and they thought fit to demand any of the 150 shares I had in the begin a third of the shares. I had, out for fruce shares were held by myself alone. Some not sure. Mr Potts had no interest in

however Alon

325 at 1st of About

March. Patts went in alone to the Blan- fection of any particular transactions on much those people was de unk themselves, January may have been for

which this was

based? and some na account of "ger of the Chartered Bank when be

sure I am not far off it is one of them there .....

Int Jamsary

Mr Tomes is 100 shares in any way. Aftor

applying for an advanes and I went in the settio myself

Witness-I have no

no hesitation in saying On and for some weeks before the 31st Rops business

the pezzou who looks specially after the ment in March I beld 495 shater. I

I have parenus.

I had some shares on joint application: I did not intend it for a nikdes.

were the greatest liers over created Mr Duer keeps the sild none since. I have asked the brokers account with my day of March it was not possible for the

brother. William Shewan.

We take great prins to know! defendant to obtain any shares in the open books; and the corresponderos is done to bring me su udfer for 100. That

"application. Ibad это

hay will with Mr Potte, the plaintiff. всще with

they not have the chance of market for the purpose of completing and

is the principal man in the shipping office, the end of March and last Friday to maught some on attoqué, úf Mr Monce of Russel & Co 'a office together; we went in transactions, I have no doubt they took suling me I take carey. They will be too, in the shipping office. Mr R. Shewan last Friday. I made no attempt botworG

Hoochow 50 I bought for him dating opendently of each other. I made my plase. I have no repolleation of the broker late for me. My son or left behind hut. I The out the mild contract of the 16th I pover held any riglus! Khares in the Rope I had several offers at 170 and 175, Mr. January. I cannot say how many shares I appucation

to Me Armstrong nor was it possible for him to obtain Co On the 1st January my knowledge of Wetton advanced me in fall for these bought and sold. Frubably I dealt in 300 I went in when plaintif was there. I asked Thave been told that

Est, who gave me the information. It would fear not somebody will take oses of him. y shares anywhere creept at reason the state of the business was that be imp was shares, what I paid for them. I had money to 100 sistor during that month.

Whitehead, he quite impossible for me to remamber lie is registered at your consulate orbow able and prohibitive prices going up and from the quantity of rope to pay for the shares if Me Rustomjee had end of January I had tressed my own Mr Whitehend if he would incresas the May and June. area were done i

Hy

4 you may be no guud sa 16 moognice 13. The said impossibility was brought

8th Iuld be little. I am

I am going to his mother's place about and caused by the sehen of the going out and the proposals fux insurance I given me the share on the 31st March, holding of shares by about 100, ie, skares accommodation to me as I might he shie to at 828 for 31st January, also 100 et 293 and be satisfied with what I have dons plaintiff himself,

company was doing fairly well. without depositing the shares with any ous, in possession held in my own tight. I bring in a large number these shares me delivers, and 80 shares at $12, as hurn, only my son I am thinking of to the

I have had an advance from the Chartered therefore had about: 300 shares in posses Plaintiff was standing by; I did not intend delivery. Ou the 14th, I sold 00 shares at Inam poi fectly sensible when I am it I did not know

for mo

then I had also contracted to buy to males a joint application, we each wanted 90 for Sist March. On the 18th I sold taking this step. There is no jumpity about examined by the Acting Atcornay General, there was a considerable quantity of rope an advappu on the day I bought the shares said-I am in the employment of Meers in hand, I was under the impresion that It was not a joint, application by me and March: this includes the 700 shares can shares Perry hadi kw 50 at 294, mas delivery; and another 60; Russell & Co. as underwater to the Yang the rope factory was closed owing to the Mr Shewan. Im Shewar and said I rasted for in the beginning of January, and shares. He said he had: 500 or 600. old 50 st 891 for 30th April. I do not re- that he held one I believe he lied 165ame price, same date. On the 22nd, I ta Insurance Association. I received rise in hemp for about two months, not six was going to the Chartered Bank. He I had therefore increased the number which Pisinti did not hear frem me about my member if I had any instructions to bay or circular from the defendant offerings com- months. I can't any shat advance I had said he was going too. We were The one showzicimació similar to one Tre-1150 hares 1 held. I know the Companygreement before we went to the Bank lanuary, On S1st March I actus | Propped agrees was Terry; I may have sell in the month of March or in

I have not it; I tore it

up. from the bank on let January against these Whitehead's office together. There aur Latood to receive by about 300. during the

►was no | month of

Ally held about 900 shares, that was on my took the mabagement of my brother's wing of May I had instructions from Mr ceived. I got the circular about 3rd April 1 paid dividend of 7 per cent. for 1886, and about hoidis zone shares till the 31st March, 1000unt and for the fan base shares about the and of March. I did not Bbowan to abquire, and found they

bie, but I caucot say. the month

of April. In the begin shonid my. When I received it there were that no dividend was paid for

Mr Chewan, fulluring

before he wout to the bank mentioned. I had sold about 400 between tion, was in the figures, from 8130 to $160, been over-estimate, and that the stock of the shares were doing very well and ad. At the end of March I had a bontract for was about June 20th; the aals through hold rope harve Certain alterations in red ink. The alter year. I knew that the profit for 1885 had not the same day, remarked casually, that the end of Janusy and the end of Marcin teil plaintif that I had done so. The sale of could

26 shares through Stokes and Young If May, I know of people who were said to Not at 176 In April and absurd. The Company had shown a profit the last weeting of the Co. The report some weeks before he want. He told me Tockney, but I never got

in-April for

Mr. Showan was: ons- kave heard of at the moment. Tanuot remember any- Joe Was on May 28th. of 882,000, which I considered would have showed a

probit

of $52,000. Most of it of no agreement with Mr. Perry not intorent 50 slater purchased by my

know the

I know there was a considerable

wsa mferred to Mr.

at

George Frederick Hutton Patts, plaintiff, of cheap berap in band, but I da Bau ou cların. I applied to the Bank about 1,000 for delivery at the end of money. I did not setually know how two 50, st 894 same dentery. On the 17th me, I am going to a better world,

promise.

for the

to

in 50

7

mmutimad it

*sale by

- T. took no notion of it. I considered the price rupe was Buld at a Insa, I was present at 28ed me to hold mine. This was probably | 50. gharen for delivery bad has oken Cohen and Georg at the end of body lo made the barn werth 22. I knew this must have been made op from the sell shares. Ele advised me, not to" sell ther. Willam for the end of June, Jost Mat 210. I think Joseph and Eskiel Francia-Mr Potte, Mr Ginable, Me!

nortasma out about the middle of tincy," made a stateChatrial, share, so there was quite shorts and 1 before the nettling day at the end of March 7 Mansacted some dealing at 200 at so the Dusr1

th

The

wook before the report came out old at in hand.

Marob

| SWORES

were:

Frebus apd

March

In sec. 7 of the answer in this case. I do not

Sincerely Yours,

July 2nd, 1889

P. SCHMIDT,

Exchange HONGKONG, July 8,

London— Bank, Wire,

On demand,

30

**

days" sight,

4 months night

Credite, Documentary, 4 moule vigir

Witness-I do not know if they Paris,

holder

M Frazeis Was it not considered that Witness-Not to my knowledge.

Mr Francia-Do you got know Mr Den son had to give 5 shares to Mr Shewan,

3.84

On demani, Credit 4 months sight, 3.92 Od New York On demand, Credits, 60 days sight,

On Betabay

Wire

Va

Jumrad,

to that effect, would gata holding them, Mr. She- I don't think I hed to teve up toore than same time. When advised Gamble to hold beard they had had good year, but I can't recollect I can't say my wan gave me to but I heard no igures mentioned. The memory is poor

share to suppose that

great friend of or on all robjects; it depends

1000 shares, nor more than 400 to deliver the 400 shares h agreement between large he WAL** MO

large The 400 anual meeting was hold on 30th March, I on what the subjects are. I think the holders that they were not to sell, but not dikolows their principale: I had dealings be that he would let me know about his shares Mr Bhawan, and cornered the market?

mine; the

was an understanding between fur brokers mostly

who did think, at any rate before the end of March. feet of the price of hanp, haring risen that was not before we went to the with almost every brakor in the Colony. I advised him as friend. I deny that I A dividends was then

declared that the first intima 24, raised the value of the stock of rope.. Bank on the 12th Fob Mr Shewau ad• { aid vot deal exclusively with Joseph and 48.4 party. ti a confederacy as mentioned giving 80 per

"of the Company's manufacture assised the not to

I can't buy/sell to give him end if I did wish to Fredericks. I do not repclient advising any know of the existines of any mich con- god instructed you or your partner to get of the lively

the prospects of soid all over the world.

the refusal. I gave him one during January that it has not got by

realised sell my shares, but, nok ander to On Valent about a we

awal befoes the report was publish

profile rope is 176 Even if Mr Shewan said that the the edi Frozs zay,” peroual knowledge of the selling that, and from what the Bank, I should before I wont optown that they would be good in federnor except in the allegations in the Witness-Not to my knowledge.

r, par is becoming conversation touk share market in Ropes from the end of known all over sh

deny it. It was bok Mr member a male to Mr Potts, the plaintiff, of Re-examined by Me

ined by Me FraupisWhen thap. Mr Shawan from whom you would Go Shangh January to 31st March I am able to say Cry tee orders are coming in satisfactorily. Ehewan who recommended me to buy these 100 shares at 150 that walo was made by me 1 told Me Whitehead that I could bring get them Weg f The shares were from $100 to 3410, In The grounds for saying the stock was worth shares from Mr Tomes I have not repsf to brokere for the concerned, Le, for at unit other shares was referring to They come from 100 to 180. In 3250 was that a proft of 252,000 had been Me Wotton on I am paying him diclosed principal bathan they brought my brother's and to those of other persons March bellere, they were as high as made, which would make Ropes nearly per sant. If I had got more than as the contrisk palatid name was fear and w #710. The only rosson I know for 7 per cent stock Besides, the land gost the price I named to Ur Shewan, I ed an pardanser,

view to making the agron Whon made the ment with Mr Pórry. If I had got the

the Company

me

until those

I

pless

in-wee

esmant owing to the ras in hemp I re

Mr Francis-Did you know any one eles

Witness-I would have tried the brokers.

Me FrancisWas it not understood that | Ou nobody had them bat. Mr Ebewan :

Wilsons-I do not know,

On deman

5:48: