1922-04-26 — Page 8

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CHINESE CHAMBER OF COMMERCE.

MATTERS OF INTEREST.

The committee of the Chinese General Chamber of Commerce met yesterday fternoon undar the thairmanship of the Hon. Mr. Tan Cha Pak to discuss a number of important matters.

TOO MANY EXCHANGES

The Chairman rad a letter from the Colonial Feer.tary making it known that the Governm, at looked; with disfavour upon the formation of separate exchanges and proposed the establishment of one general stock ex- change without racial discrimination as to membership.

A committee was appointed to con- salt with the Hongkong General Cham- ber of Commerce on the enbject.

IXPORT OF SILVER.. Another letter from the Colozial Secretary notified that the Gover- ment had decided to grant the Chamber's request that bona fide travellers should be allowed to take $50 in subsidiary coins out of the Colony instead of $30 as formerly.

At the Chairman's suggestion it! was resolved to write and thank the Government for their concession.

CARGO COOLIES' REQUEST.

Mier

Daughter of U.S.A. Secretary of State, to marry Mr. C. L. Waddell of N. Y.

THE CHINA MAIL.

HEAVY CLAIM AGAINST SHANGHAI INSURANCE CO.

SHANGHAI LIFE SUED BY

| FOUNDER'S WIDOW “TWO AND A HALF PER CENT, CLAIMED ON PREMIUM INCOME.

|

An action involving a considerable sum of money-two and a half per cent. on the premium income of the Shanghai Life Insurance Co., over a period of 10 years was begun in H.M. Supreme Court on April 20, before bir Honour Judge Grain, plaintiff being the widow of King Chun kes, the founder, or one of the founders, of the defendant company.

Mr. R. G. MacDonald appeared for plaintif, and Mfr. Dancaa MaNeil for

it.

START OF THE COMPANY.

Chinese money and Chinese people to get. That, hs submitted, was a that made the company the success most significant fact in regard to the it was, but it was not Chinese people alleged cancellation of this agreement. who ultimately derived the benefit of

AN OFTER OF, TLR 40,000. In February, 1917, the only son died and Ms. I then becams Taking the facts of the case in entitled to the whoi of her husband's chronological order, counsel went on property. She comsalted her solicitors to say that Mr. King married plaintif and a letter was sent to the company in 1900. In 1933, he joined the claiming the amount due under the China Land & Finance Co. and there agreement. he met Mr. Parker for the first time. called on plaintiff at her house in In April, Mr. Parker Shortly afterwards, Mr. Parker Bubbling Well. inquired about the returned to America, whilst there he agreement. and said: "Oh, that is no corresponded with Mr. King, and in use to you. You had better retam it the following year be returned to to me and I will help you to sue your Shanghai and discussed with Mr. King husband's brother in the proceedings the formation of the Shanghai Life in the Portuguese Cart" Plaintif's Insurance Co. At that time, Mr.answer was, if the deed was of no Parker was in a very impecunious use, why did Mr. Parker want it! state and Mr. King lent him Tis. 50. Mr. Parker made to immediate reply. He proceeded with some assistance but he alterwards said that if plaintiff from Mr. Parker. to form the Shanghai did not return it he could not, samat Plaintiff's claim stated that she is Life Insurance Co. They were engaged her in her litigation. However, the widow and legal personal re-for nearly a year in the ground plaintiff refused to hand over the presentative of King Chun-kee,,de work before the company was actua agreement. At a later date aman Deased, a Portuguese citizen, and ally incorporated. At that time Mr. named Teang Chiching, the com defendants are a British registered Parker knew few, if any Chinese, and pradore of the compsay, was sent limited liability company carrying on was unable to converse in Chinese, round to Mrs. King to offer her Tis. life insurance basiness in China, with and all the work was done by Mr. 40,000 to settle, and he said he had their registered office in Shanghai King. He secured the support of Mt. been sent by Mr. Parker. Later still, (2) Under a covenant March 10, Tan Sa-yuan, then a prominent merin 1918, plantifi went to see Mr. Par- 1905 to March, 10, 1915; defen chant in Shanghai, and they secured ker in connection with a mortgage on dants sgreed to pay

to the first two directors of the company the New World, and again on that King Chun-kee 2 per cent. on the Mr. King also undertook to visitason he asked her to return this premium income of the company for various parts of China to establishment, which was again refused. a period of 10 years from the date the val. (8) Defendants have agencies and appoint agents, and be A writ was then issued." refused to account for and pay to the!

was primarily concerned in get- HIS LORDSHIP AND A NAME.

and subscri- plaintiff such moneys as may be due bers. The company was incorporated

ting shareholder

Plaintiff then gave evidence bearing 10th out counsel's opening statement. She

defendanta.

under the said covenant.

WEDNES JAZ APRIL 28, -1927 °

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The plaintiff caims (1) an accounted in March, 1905, and on the integrated that her husband fret mat Mr. fach, not theory. The above average obla is based on of the said premium income of the riding for the payment of 2 per Parker at meetings of the China Land defendant company from March 1sent oa praminm income was signed.' and Finance Co., in which Mr. Parker,

1905, to March 10, 1915; (2) Faymert Defendants now claimed that this her husband, and Mr. Wattie all

of the amount found due,

ALLEGED ZEZACH OF AGREEMENT.

agreement was voided by matcal worked. Owing to a difference with minutes of a meeting of the directors Consent, supporting this claim by the Mr. Wattie, Mr. Parker withdrew,

His Lardship--Is Wättie a Chinese held on June 18, 1906.

name.

In their defence, the company admit the allegations contained in paragraphs ore and two of the writ,

Mr. McNeil-That minute records Mr. McNeill-Mr. Wattic is the except that plaintiff is the legal per- the decision of the Board that the gentleman who started the China sonal representative of King Chan- agreement should be cancelled, and Mutual Life Insurance Co. out of which kes, and that they have refused to that the parties should be informed grew the China Land and Finance account for or pay to plaintif any in writing. My instructions are that Company

WAS

moneys claimed by her. According there is no reason whatever to Continuing, witness said that Mr. to the terms of the deed, it was a suppose that that communication Parker resigned sad went to Asia. condition precedent to any lis

not made in writing and in He corresponded with her husband bility on defendsats that King Chinese, as the parties were to be but the letters were lost. On his Chun-tee and others should "raize formed by Chinese

return to Shanghai, he stayed at a the capital (of defendants) of Mr. MacDonald-I shall be en- German hotel in Foochow Boad, but: Tis. 100,000, and assist all possible intitled to know whether it was actually he removed to the Astor House after the working of the business, getting

borrowing Tis. 500 from her hus proper brokers and agents for the com-

Mr. McNall-I shall not be able to band. pany. In June, 1906, before the

prove that it was. said capital was raised, the deed was voided by mutual consent. Shortly afterwards, in breach of the above

communicated.

AN EXTRAORDINARY DEFENCE,

Witness went on to say that she was prezent at several business discussions between Mr. Parker and her husband, who translated to her what was said.

A GHOST THŻORY.

Was ever a more extraordinary défence put forward, Mr. Ma condition, King Chan-kee severed his Donald asked, that by a minute His Lordship said he thought he connection with the defendants and or resolution of the Board of would not be able to allow this engaged in the service of the China Directors, and without any con- evidence to go in. The situation was Mutual Life Insurance Co., which was mideration and without the consents dificult one, the conversation being in competition with the defendants, of the other party consered, they translated to witness, who did not and continued in their service for conld sirily cancels derd? In April, know English, in the presence of Mr. about one year. By reason thereof 1912, counsel continued, one of Mr. Parker, who did not understand ■ be ceased to be entitled the pay. King's sons died, and in the following word of Chinese. ment of any sem under the deed, and month he made a will, later revcking accordingly, the claim to have an ac- this and making a new and final will count taken is, denied. Defendanta in which le declared plaintiff to be also rely on the Statute of Limitations. his wife. According to this will, all The deceased King Chun-kre, being his property was to be equally divided a Portuguese subject, at the outset between plaintiff and his only surviv Air. Maheill entered the objection, to ing son, one to be entitled to the be argued later, that plaintiff had not whole of the property in the event of obtained a British grant of probate, the decease of the other. This will which was essential if a British Court was signed by seven Portuguese and that her late husband's "original" Having ascertained from plaintif was to recognize her as the legal per the testator.

wife died 17 years ago, not in 1910, sonal representative of the deceased. The agreement on which the present

THE SOUL OF THE SHANGRAY LIFE claim was based expired in March, Mr. McNeill asked: Then if anyone In opening plaintiff's case, Mr. 1915. Mr. King was then a tick man, this lady in 1910, it must have been says they saw, or thought they sEW, MacDonald said that she was suing and he died a few months later. Just the company as the legal represent

In cross-examination by Mr. Mc. Neill, plaintiff explained the delay in in obtaining documents from Macao. bringing the action by the difficulty Also she had been busy with her husband's funeral, and the settling of

his affairs.

before his death, he opened his safe her ghost!

ative of King Chan-kee according to and gave to Mrs. King various **I buried her," answered plaintiff Portuguese law, and the amount documents, among them this agree conclusively, seeming to enjoy the claimed would reach a very largement. He had not been dead more ghost theory figure. The late Mr. King was the than a few hours berore M Parker

Continuing, plaintiff denied that originator, the founder and the heard of it, and what did he do? While her husband had ever acted as a soul of the Shanghai Life Iranr. Mr. King was still in his coffin in the broker for the China Mutual Life In- ance Company. Without him, it house, Mr. Parker went round and coralce Co. would never have seen the light saw Mm. King, and said: "You had Will you deny that, if I produce of day. To Mr. King, and Mr. King better show me all the papers. I receipte given by him for salary In a letter which set cot that they the welfare of the Chinese community alone, was due the fortunes which had will put them in order, and if there received as rasnager of China Moina! regarded the Chamber

"our and had been a very active member been made out of that company. He is anything of valne. I will dispose agencies? asked Mr. McNeill. parents in our suffering" the Cargo of the Chamber since its formation not only brought it to light, but he of it for you." Mr. King did send Witness repeated that she nevTE: Coolies Guild wrote asking the Cham. He suggested a tea party in honour nurtured it for many years and served papers, some of them valable papers, knew her. hasband had worked as ber to help them in eliminating the of Mr Ho Kom Tong and its was it continually until the time of his to Mr. Parker, but she did not see such. stevedores. A eub-committee was decided to hold the function at the death. From its start, it was almost that what Mr. Farker really wanted M. McNeill-If you had known, sppointed to investigate the matter. To Yuen restaurant.

entirely a Chinese concern. It had was that agreement of March, 1905. would you ever have brought this one, of possibly two, Americans con- Mr. Parker returned the papers sent action! nected with it, but all the money, all to him and said he was sorry but he

Witness-I should still have

az

MR HO KOM TONG RESIGNS. Referring to the resignation from the committee of Mr. Ho Koma Tong the chairman said that Mr. Ho Kom Tong was an enthusiastic worker for

'YE HAVE EYES BUT

DO NOT SEE'

WHY NOT?

Because you have not consulted

CHINA'S DEBTS. Discussion a letter from a society formed with the object of helping Chins to rid herself of her debts was postponed to the annual meeting.

WELL. I CLEANED YOUR GANG- JERRY- I'M

SOME POKER

PLAYER-

the directors with the exception of cocid not do anything; of course, asid brought the action, on my husband's Mr. B. H. Parker, and nearly all the counsel, because he had not got the instructions. subscribers, were Chinese. It was particular document which he wished The bearing was adjourned.

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