1930-06-27 — Page 6

A

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STAR

R. B. SALISBURY

TO-DAY

B

TO-MORROW.

SUNDAY

AND

· MONDAY

TUESDAY

WEDNESDAY

Presents

THE GIRL FRIEND"

“FUNNY FACE”

"MAN FROM TORONTO

"JOURNEY'S END"

WHEN KNIGHTS WERE BOLD

SO THIS IS LOVE"

THE CHINA MAIL.

WHITEAWAYS

HOUSEHOLD HARDWARE DEPT.

ALUMINIUM WARE

JUST RECEIVED

A large consignment of useful articles for the home

in aluminium ware. All marked at popular prices. Lemon Squeezers Candle Sticks .. Bread Graters Nutmeg Graters / Pt. Mugs Tea Strainers Soup Ladles

Fish Slices

Soap Dishes

Picnic Cruets

35 cts. cach, 50

$1.25

50

50

+9

"

25 cts, 40 cts. & 75

11

75 75

"

"

50 cta., 75 eta, & 80

#!

95 Н

SEE WINDOW

一点

GLASS WARE

4

A sample collection of glassware vases, bowls, dishes, relery jugs, etc., etc. No two alike. All marked excep- tionally cheap.

FIRST FLOOR SHOWROOMS. WHITEAWAY, LAIDLAW & CO., LTD.

HONG KONG.

The China Mail

[Every evening, except Sunday. Annual subscription. excluding postage abroad, H.K. $36, payable in advance. Local delivery free.]

Overland China Mail.

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· No. 3A, WYNDHAM STREET, HONG KONG.

TELEPHONES.........

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All communications should be addressed to the Newspaper En- terprise, Ltd, to whom all remit- tances should be made payable.

London Offices: The Far East- een Advertising Agency (London), Ltd.. 30-38, Southampton Street, Strand, W.C.2.

Hong Kong, Friday, June 27, 1939.

CHINESE EXTREMISTS.

CORRESPONDENCE.

FRIDAY, JUNE 27, 1930.

building cost us $2,730,000-and MYTHICAL BANDITS. there is no reason to incur a loss!**

of $930,000 by selling on such un-

KIDNAPPING CHARGE.

| SALE OF EXCHANGE BUILDING | procedentedly easy conditions.

The terms of payment proposed, 'ACCUSED'S STORY FAILS TO viz., that the purchasers should IMPRESS MAGISTRATE. mortgage the building for $1,750,000 to the Hong Kong & Shanghal Bank (to enable them to pay us this amount in cash), and that we should accept a second mortgage for the remaining $650,000 payable during 10 years Grantham passed sentence of 12 Yesterday Mr. A. W. G. H. are too quixotle to call for any months" hard labour on a Chinese serious comment.

Can the Direc-named Chu Hung-chuen (36) who tors point to any other similar claimed to be transaction in the whole financial kidnapping of two other Chinese an actor. for the history of the Colony as a pre-named Fung Pul and So Cheung on

[To the Editor of the "China Mall"] Sir,-A circular letter dated June 20 has been addressed by the Secretary of the Hong Kong Realty and Trust Co., Ltd., to all share holders informing them that the Directors have, subject to the shareholders' approval and ratifi- cation, negotiated to sell Exchange Building for the sum of $2,400,000, The value of this building con- stitutes more than 95 per cent, of, the Company's assets and as the Company was originally formed practically speaking for the sole

codent?

The effect of the proposed terms

December 5, 1928. ju that, without paying a cent to evidence that they were enticed by The two kidnapped persons gave object of acquiring and developing wards the cost and by charging the accused to go to the village of themselves a rent of only $12,000 Namkong, in Chinese territory, to per mensem (or $1,000 less per fix mensen than they are now paying)

electric installations, On the purchasers will be able to put seized by bandits and imprisoned

arrival at the village they by a sufficient sinking fund to pay in chains in a cave on the hillside. off the second mortgage in 64 to They suggested that the accused 7 years' time by minimum fnatal was in league with the robbery be- 'ments of $75,000 a year.

the valuable site, some explanation of the factor which have influenc- ed the Directors in arriving at this unexpected decision laun- doubtedly due to the shareholders.

No mention is made in the cir cular of any special reason or cir- cumstances which caused the Directors to consider the proposal favourably. The price of $2,400,000 is very much less than the cost price of the building which, including interest up to date of completion, amounted to about $2,750,000 and the net rentals realised during the past years show a return of 8 per cent. to 9 per cent, per annum on this cost value. It is now proposed to sell the building at a loss of $350,000 and to invest the proceeds in shares or in advance on shares. Considering the present state of the money market when money on mortgage is freely obtainable at 6 per cent. it is obvious that such a high class modern and up-to-date building aa oura must have a capital value of, at the very least 12 years net rent (8 per cent. return), or $3,000,000, although no great advantage to selling even even at this figure there would be if the full amount received in cash as the proceeds cannot be reinvest yield more than 6 per cent. ed to-day in any safe security to

Apart from bringing in the name of Chiang Kai-shek, Mr. Tang's chief object in writing to the China Mail is to "call attention to a misconception which exists in the minds of many Britons in The price of $2,400,000 offered China and in the Home country represents eight years (12 per and which may, in the future, lead cent. return) rents if the full to a serious misunderstanding, years (10 per cent. return) at the rental of $17,000 is realised or 10 if not further complicate the present reduced rental of $13,000. issues, between China and Great Even if the offer of $2,400,000 was Britain."

altogether in cash it should be un- He is referring, of heatatingly rejected, because the course, to the confusion between! the Kuomintang "Left" and Cost of site

the Communist

China. Both

Party of

are

were

In other words, we are reducing cause they did not molest him in any the purchasers' rental to $12,000 way. per month and selling them the

$6,500 Demanded, building for $1,750,000 for delivery Fung Put's mother seven years hence as a simple cal- Cheung's elder sister gave evidence and So culation clearly shows,

of going to Namkong to arrange of their relatives.

If the present rental for the the release ground and first floors is too high. Thev negotinied with the accused, and if no other tenant can be who demanded $1,500 in the case found who can pay it, the solution of Fung surely lies not in selling the build- Cheung.

Pul and $5,000 for So ing at a ridiculously low figure and Eventually Fung Pui's mother on unheard of easy terms but in paid $400 to the accused, but instead making a drastic reduction in the of releasing Fung, the accused dis- rental even down to a minimum of appeared with the money.. $10,000 per mensem if necessary.sequent negotiations were carried Sub- This minimum rental, together on with a tall man and the two with the revenue from the past of captives the building, would still show

were released.

Fung a Pul's mother had to pay another return of 8. per cent, on the value $700, whilst So Cheung's at which is proposed to sell the paid $540.

slater building, and it is clear that such

So Cheung discovered that ac-

a safe and sure return cannot be used was living in a house in promised by the Directors on any Youmati and on June 8 went there advance on shares at the present to look time when Banks are freely lending struggled in the street.

for him. The pair at 6 per cent.

A Chin- Investments in

jese detective came along and on the shares would be still more diaad-

He

vantageous at the present inflated complaint of So Cheung took ne- values which are liable to depre-

cused into custody. ciation and which will give re-that a man named Wong Ah-sang Accused, in, the witness box, aaid turns of less than 5 per cent.

was responsible for the kidnapping In case the shareholders are

of which he was also a victim. not aware of the cost of Exchange mat Wong in a tea house and in Building to the Company figures conversation mentioned that he was extracted from the annual ae- counts as published during the was wanted to play at Namkong past years are appended here- and suggested that he (accused) Wong said that a troupe

should go there to make arrange- menta.

with:-

.$1,020,000.00

17,865.00

$1,002,135.00

Legs:- referred Area resumed and sold to as "the

Interest on above up extremista,"

ta completion. of But Mr. Tang is emphatic that

Bldg. approximately. "the suggestion that the Left! 21⁄2 years @ 7 per leaders have any connection either

cent. (compounded) with the Third International or

Cost of Exchange Building including with

a Soviet Russia is most additions violently resented by them." Interest on above ap- Actions speak louder than words, proximately

Legs Si

approx.

and it is for any political leader-Interest on Mortgage in China or outside China-to of $550,000 debited prove by his actions that Com- to Building a/ċ munism and Bolshevism are anathema to him as having no- thing in common with the realm of international law and order.

At a late hour to-day the China Mail received a lengthy ⚫letter from Mr. Tang Leang-li, |-

correspondent in China of the London Daily Herald and the Berlin Vorwaerts and author of "The Foundations of Modern China" and "The Inner History of the Chinese Revolution." Mr.

News in Brief.

Two cases of typhoid fever-both Chinese--were notified yesterday.

Brokerage on proposed

Bnle

Proposed sale price.

Net loss excluding transfer and legal charges

$ 200,000.00

$1,202,135.00

$1,453,977.25

150,000.00

75,000.00

75,000.00

If the shareholders wish to know the value of the Building, the fact The coxswain on the Yaumati that the Hong Kong & Shanghal Tang, who gives his address as 25 terry launch Man Lee has reported Bank are advancing $1,750,000 on Hollywood Road, says that he 16 fathoms of Maalia rope, while to show that first class architects' to the Police the loss or theft of the property is sufficient evidence hopes, by the publication of his. the ferry was alongside at the lowest valuation is $2,625,000. It letter, "to contribute something, Yaumati Wharf yesterday.

is well known that the premier however insignificant, to, the A Chinese was

banking institution in the East at the Kowloon makes it a strict rule not to ad- better understanding of Chinese Magistracy this. morning charge vance more than two-thirds of politics among the Westerners, with the unlawful possession, of two which is essential if the Great, female jackets. He frankly ad- mitted that he stole them from a Powers are to formulate the Jardine steamer. He was sentenc NAM HOI MURDER. right policy toward China, which ed to one month's hard labour. alone can secure permanent peace in the Pacifle, to the benefit of every one concerned."

With the best will in the world we are afraid that we cannot re-

COUNTRY.

-It is rumoured that the Salisbury A WITNESS FROM UF- Company will broadcast Journey's End" on Wednceday. It is said that they offered either "Funny Face" or "When Knights were Bold" but the Broadcasting Studio may select to give an hour of "Journey's End."

$1,528,977.25

$2,731,112.25

$ 24,000.00

42,755,112.25 $2,400,000.00

an actor.

Captured By Bandits. As he had nothing in view at the time, accused agreed to go. Wong then asked him to take Fung and So with him to see about the electric installation, and according- ly the three travelled to Namkong together. There they were. all captured by bandits and held separately in different caves until their relense.

He (accused) was ransomed by his brother who had since gone to Siam and therefore could not be produced as a witness. Since his release accused had lived in Hong Kong until his arrest. He denied negotiating with the two women for the release of Fung and So.

.Difficult To Belleve,

Mr. A. E. Hall, in his submission for the defence, said that both atories were believeable and it was only a question as to whether the Magistrate believed that the kidnapping was engineered by the man Wong to victimise all three, or whether the accused bad been made their own architects' conservation the unsuspecting tool of Wong.. valuation.

The Magistrate decided to con- It is to be hoped that share-vict, because four persons were was the leader of gang, whereas

$ 355,112.25

It

holders will for once belie their positive that he a point to be present at the meet accused could not produce a single reputation for apathy and make it the kidnapping ing and solidly vote against the witness to say that he had heard of proposal to sell the building the accused's capture by bandits Yor's, etc..

and his subsequent release. was difficult to believe, if, as he aald he had also been detained by bandits, the-accused would not have mentioned anything about it to his friends in Hong Kong on his return from captivity.

A SHAREHOLDER. Hong Kong, June 23.

FORGED $100 NOTE,

An air-liner, compelled to circle ENTERTAINMENT FOR THE over Maidstone owing to adverse weather conditions, was asked by the police to move on.

LADIES.

Ten Years Ago

(From the "China Mall” June 27, 1820.3.

Chung Hong-aing, self-described. produce Mr. Tang's letter in toto,

as a deputy sent by the magistrate Kowloon Magistracy yesterday in The case was, continued at the even although it ought to be

of Nam Hol district, in which, which two young Chinese are double murder occurred early last charged with tendering a forged understood that we do not neces- The ques

The question of whether a balled year, appeared in the Central Folico 5100 bank note on May 17. sarily endorse all his views, tortoise was food for man, med Court yesterday as a witness in the A Chinese girl gave evidence as Hong Kong is not the proper cine, or merely "sandrios" caused extradition proceedings against to being entertained on the day The dollar is worth 8/74. arena for a rhetorical combat be some discussion at the Central three men alleged to be implicated. prior to accuseds: arrest. When

aww and antagoniats

Court yesterday. A Chinese

He produced certain credentials, she remarked upon their posser tween adherents

hawker was summoned for hawking and also explained his duties. sion of such a lot of money, they came to pass that a Person who FableOnce upon a time t of Marshal Chiang Kai-shek, the reptiles without a licence, and Mr. Hin-Shing Lo, for the de- told her that they and just col- didn't approve of the China Mail nominal "ruler of China to-day pleaded in defence that his wares fence, suggested that he was a relected a debt, and frequently said that it ought by virtue of his position at the possessed valuable addicinal pro-lative of witnessca for the prose An official of the Kum Tel Hotel to be Suppressed, stepped upon a head of the Nanking Govern Parties. His Worship decided to cution. Witness denied this, and cava evidence as to being given Banana skin on a steep Place, and convict, and imposed a Ane of $2. also denied any knowledge of the the note by first defendant when died. St. Peter, after hearing his ment the only anthority, actual

fact that men sent up country to the paft booked a room. Witness History, shook his head and point- nised by Great Britain

collect photographic evidence for handed over the change, but lated South, like a Chinese compass. and the other Powers.he aims

& the defence had been hindered by er discovered that the note was Mephistopheles was greatly puzzled speed-soldiera.i

a forgeryjna vrhusen what to do with HIM. "There will 7.20 The case was adjourned;

The case was adjourned, be no Torments, he said, "because AURANG thou have been so Useful to me; Mange and coming from Hong Kong, I suppose it would be too Cold. for Irregular marriages at Gretna you at the receiving Entrance. Go Green were discussed by the Geners up close to the Fire," he said, "and. Assembly of the Church of Scotland, make yourself at Home,

resolution was passed calling Moral The hired man is worthy

When a summons against Lieut TO. B. Younger, of Sutherland, Highlan ing Inthis car on pim, was called

Magistracyathib Whyte-Smith Intimated Sergeant Clark iba asked for

Kowloon

Club is holding a cabaret. to-morrow at 8.45

nclude Mrs; ENT

Cornelius and the THE We Danceamuale vin Be

Its own reward.