1923-03-05 — Page 5

Page

MONDAY. MARCH 5, 1928.

"HOPELESSLY

INSOLVENT.

CHINA SPECIE BANK

COLLAPSE.

WINDING-UP PETITION.

CANTON STRIKE.

TELEGRAPH SERVICE SUSPENDED.

SUN TAI-SEN APPOINTMENT

RESENTED.

TO-DAY'S ADVERTISEMENTS

THE CHINA MAIL.

HONGKONG DOG, CAT, POULTRY

AND PIGEON SHOW.

BY kind permission of the Officer

Commanding The Hongkong Defence Corps, a Show will be held at

Another case of a bank collapse we heard at the Supreme Court The qualoramble for sppoint- this morning before the Chief Jus ments, flowing a change in the THE HEADQUARTERS OF THE to (Sir Williain Rees-Davies, government at Canton has on K.G), when a petition for the this occasion, resulted in the stoppage winding-up of the China Specic of telegraphic communication. Bank was heard.

the

CORPS

оп.

SATURDAY, 10th March, 1923,

from 3 to 6 p.m.`-.

Dogs..

Entry Forms may be had from the Undersigned.

It appears that before Sun yat-sen | The petition was presented by arrived in Canton, one Foug Hay had Mr. Eisley Zeitlyn, instructed by been nominated by Admiral Wen Besides the dual classes for Dɔge, Messrs. G. K. Hall Brutton & Co. Bha tak to control

Canton there will be classed for puppies from The petition states that the Chine telegraph office. Shortly after Sun's re- 6 to 12 months old, for a litter of Specie Bank wad

incorporated turn, Bong was dismissed and a Li Puppies under 3 months old on the under the Companies Ordinances Cheong-tat appointed in his place, the date of the Show, and for cross-bred 1911-15 on March 20, 1020. The post being designated as District officca of the Bank were given as Director of Telegraphs. 6; Duddell Street. The nominal Apparently this was resented by

the Company was the telegraph subordinatos. Anticipat capital of £1,000,000 sterling divided into ing difficulty, the director-designate 200,000 shares of £5 each. The amount of capital paid up or organised an armed backing for his credited as paid, was £120,000, assumption of the office, Receiving The affidavit in support of the no reply to their entreaties for Fong's petition then went on to give the re-instatement, the oper-tors, clerks, object for which the Chin Specie mechanics &o. strock at 3 p.m. on Bank had been established, namely, Saturday. It is reported that at their to establish and carry on the busi. instigation, the men in the Shamren ness of bankers in all its branches office also left.

and departaniants and financial This means that all land cables in agents and of commercial tradere Kwangtung cannot be worked for the and commission agents in Hong- present and telegraphic communica kong, in China or in any other parts tion with Hongkong and Swatow, the of the world.

two main connections, has ceased. The affidavit further stated that Enquiries at the local administra the Bank was indebted to the petition elicited the aawa that a hoy tioners in the sum of $139.652.79, of operators went on duty en Sater- for current account and overdraft day afternoon but lot after an hour being a to $129,652.70 monies de- the reason for this not at present posited on current account and as to $10000 monies on fixed deposit, being known. A report has been made to the Board of Communica.

No Entry will be accepted unless accompanied by the Entrance Fee. Dog $2,, Cat $1. Poultry and ENTRIES CLOSE ON 7th lost. Pigeons, 50 cents per pen.

B. L. FROST,

Hon. Secretary, C/D, THE EASTERN EXTENSION

· TELEGRAPH Co. llongkong, March 5, 1923,

G.

TECHNICAL INSTITUTE.

HE INSTITUTE will RE-OPEN

on MONDAY, 5th March. Students will be enrolled at the Education Office only, and should apply at once for Entry Forms.

Hongkong, March 5, 1923.

The petitioners had made appli- tions, Peking and the Civil Governor catim to the Bank for payment of at Canton will also be approached. their debt bit, as the affidavit states, the Bank had failed and Meanwhile cables handed by the HONGKONG TRAMWAY COMPANY,

neglected to pay the same or any part thereof.

The seventh clause of the affidavit ays "The company is insolvent and unable to pay its debts."

Eastern and Northern lines to the local Chinees Office for transmission to Cantos will be sent on by poat, but it is not known if there will be any body at Canton to receive messages.

The assets of the Bank were given as follows-money on loan $200,000-estimated to produce The Dragon Motor Car Co., $100,000. Investments in shares Ltd., bave removed their head nt $345,000 now estimated at office from £4, Den Vaux Road to $173,000, Landed

property their now main garage and service

$280,000. The assets in Sangini atation, Wong-noi-cheong Road, were estimated to produce, $260,000 Happy Valley (opposite the race bringing the total estimated assets course). The sale and hire of care; to $813,001.

The ninth clause urged that in also of accessories will be conducted the circumfistances,it was just and as usual from 24, Des Voeux Road. equitable that the Bank should be wound up and the petitioners asked that the China. Specie Bank be Bccordingly wound up by the Court! under the provision of the Hong. kong Companies Ordinances.

NO OPPOSITION,

J

YO-DAY'S ADVERTISEMENTS/

THE HONGKONG SOCIETY, FOR THE PREVENTION OF CRUELTY

TO ANIMALS.

FANCY DRESS BALL AT CITY HALL.

TUESDAY, Maroli 6tb, at 9.30.

HE HONGKONG HOTEL BAND

LIMITED.

(Incorporated in the United Kingdom)

NOTICE 15 HEREBY GIVEN that

REGISTER of the Company will be the COLONIAL (Hongkong)'

closed from TUESDAY, 18th March, -1923, to WEDNESDAY, 11th April

1923, both daya inclusive.

By Order of the Board of Directors,

W. E. ROBERTS,

Secretary. Hongkong, March 5, 1923. ger all

ON

ST. STEPHEN'S COLLEGE ASSOCIATION.

FOUNDER'S. DAY.

20th Year of the College.

LL Colle

ÎN SATURDAY, 10th March, thard will bo TENNIS and FOUTBALL MATCHES, followed by tea at tha College, All Old Boys are cordially invited to be present. At b p.m. the Annual General Meeting, will take: place. In the evening there will be un Association Dinner, information about which can be obtained from Mr. Ng Sze Kwong of Man Iling Cho'ng, G. Queen's Road;

F. A. BRITTON,

Hon. Sco. 8. S. C.'A. Hongkong, March 5, 1923.

Mr. Zeitlyn informed the Chief Justice that the petitioners had had no notices from shareholder or creditors in affidavit form. Mr. Zeitlyn went on to say that on February 10 Mr. Jualice Gompertz | appointed the Oficial Receiver as provisional liquidator and the latter! nale application for the oupluy- nent of Mr. John Seth ar special manager of the China Specie, Bank. In an affidavit filed by Mr. Seth he gave an account of the assets and

Broks of Coupons 2.00 each which TO SECRETARIES OF CLUES AND liabilities of the Bank, He stated that according to the accounts the can be exchanged for Bar Refreshments liabilities and capital of the Chins can be purobased at the entrance to the Specie Bank exceeded. the assets by the sum of $253,814.00) but in his opinion the assets would not realise! the amount set out in the account..

His Honour According to his view the Bank is hopelessly insol- vent then?

Mr. Zeitlyn: Yes.

will play the Danco Music. Tickets $1.00 each (including light Refreshments) obtainable at the door.

Bar

Hongkong, March 6, 1023.

WANTED,

OTHER INSTITUTIONS.

ALL preliminary notices of forth

coming meetings, Vectures and entertainments, sent for insertion in the news colons of the China Mail, are charged for at the rate of $1 each. (as announced in May and June of COMMISSION AGENTS for sale of last year) providing that they do not OLIVE Qila to Grocers, Hotels occupy more than foux'Unes. In

A number of the creditors who and Restaurants, REQUIRED by 1st future it this space is exceeded they were present at the hearing of the Chase exporting firm. Apply Richard will be placed in the advert'a'ng petition offered

no opposition: Fils & Co., Salon-de-Provence, France, columns at the prevailing rates

Among the creditors were the Chi- nese Merchants Bank, Ltd., and. the Liberty Bank of Honolulu.

His Honour said that the Court bod power to ranke an order for the winding-up of the Bank.

There were various reasons why an order should be made and one was that the Bank was unable to pay ite debta. It seemed to him therefore in the interest of the creditors and shareholders as a body that, the Court should make an order for the winding-up of the Bank together with an order for costa.

CHILD LABOUR.

YAUMATT'S INDUSTRIAL

BCHOOL.

The recent child-labour movement has resulted in an industrial school being established in Taumata by number of Chinese residents.YSTE No-fees will be collected and the tohool will aim to teach bʊth the drdinary school subjects and certain grafts.

PEAK THEFT.

LUABLE PENDANT STOLEN

A report has been made to the pollen that during Friday night s npm and diamond pendant valued -£150 was stolen from a jewellery bar in Mr. Williamson's house,

HONGKONG HOTEL

ROOF GARDEN

AND

BALL ROOM

(Fourth Floor)

Open daily (Sundays excepted) as follows Tea Dances 4.30 to 7.30

Evening 9 to 12

Entrance fee Tes Dances $1.00 (ex refreshment). Evening (Diners in Hotel $1.60)

(Tickets obtainable from No.

Grill or Dining Boom Boys).

NON DINERS 32.00–

MAY BE

TO-DAY'S NEW ADVERTISEMENTS

NOTICE:

NOTICE is hereby given that the business of our Engineering

Department has been acquired by THE JARDINE ENGINEERING CORPORATION LIMITED, and will be henceforth carried on by that Company, as heretofore carried on by us any

JARDINE, MATHESON & CO., LTD. "Hongkong, 23rd-February) 1923.

NOTICE.

OTICE is hereby given that we have acquired the business of

NOT

the Engineering Department of Messra. JARDINĖ, MATHESON

& Co., LTD. and that such business will be henceforth carried on by us heretofore carried on by them.

THE JARDINE ENGINEERING CORPORATION, LTD. Hongkong, 23rd February, 1923,

In response to

Numerous requests

THROUGH THE BACK

DOOR"

-will be screened again on WEDNESDAY

1 ext

at

FOR ONE DAY ONLY

THE CORONET

Mothers build Babies!

TT is all right so long as you feed your own. baby, and many Mothers who could 'not' feed their little ones have done so by taking Viral Virol. strengthens and builds the Mother, and increases the flow of milk.

But the danger couses with weaning. This is the time when you are building baby's body for life. Most of the ills of childhood are due to the ill-balanced and improper diet that is often substituted for mothers' milk. Such a diet is generally deficient in some quantity essential to growth and development. The remarkable properties of Virol and the wonderful manner in which it is assimilated by the youngest and fo. bleat digestion ensures healthy development. firm liesh, strong bones and teeth, and good colour. The Virol baby is a smiling baby because it is properly nourished.

It has been proved in Hospitals that when children are fed on Virol their power of resistance to discase is increased. Virol is used in more than 3,000 Infant Clinics and Hospitals in Great Britain. Try it.

VIROL

Builds Robust and Beautiful Children.

VIROL LTD. HANGER LANE, BALING, LONDON, W.5.

THE TELEPHONE HANDBOOK

IS NOW ON SALE

AT THE OFFICES OF THE PUBLISHERS,

THE DOLLAR DIRECTORY CO.,

Wyndham Street,

HONGKONG.

NOTICES.

SPRING FASHIONS

Lane,

Invite Crawford's cordially les to inspect the Advanced Models

view from

THURSDAY

when there will be a Special Show of

HATS AND GOWNS

in the newest materials for all occasions,

also handembroidered

ROBE LENGTHS.

LANE, CRAWFORD, LTD.

COLUMBIA GRAFONOLA.

In Mahogany.

Non-set

Automatic stop.

Equipped with

'seven handsome

record Albums.

THE ANDERSON MUSIC CO., LTD.

Tol. 184EL

Sole Agents :-

Suzuki & Co.

, Queen's Buildings, Opp. Wiseman's,

SAKURA BEER

Alexandra Buildings.

Tel Central 468 & 467.

YE OLDE PRINTERIE

LIMITED (SUCCESSORS TO PRINTING DEPT. HONGKONG PRINTING PRESS) 19, WYNDHAM STREET, COMMERCIAL PRINTERS "BOOKBINDERS.

AND

PRINTING AND ACCOUNT BOOK MAKING OF EVERY DESCRIPTION DONE WITH ACCURACY AND PROMPTNESS. ALL WORK DONE UNDER THE PERSONAL SUPERVISION

OF THE MANAGER - Phone 0. 9707.

V. C. LABRUM.

KAM HING KNITTING COMPANY.

Manufacturers of y

Bocks, Singlets, Jerseys, Sweaters, etc.. 31, Haiphong Road, Kowloon.

DCL

Telephone Kowloon 277. Manager, WONG KAM FUE,

Just Arrived

D. C. L.

Malt Extract

Cod Liver Oil

a Nourishing and Nerve Building Tonic

Is Invaluable,

SOLES AGENTS:

$1,80

Jar $100

GANDE PRICE & CO. LTD,

Geztrál.

*S:SPIRIT MRCHANTS: