1939-05-04 — Page 6

THE CHINA MAIL, MAY 4, 1989.

COLLUSION SUGGESTION

ALHAMBRA IN BANKRUPTCY CASE

NATHAN RD, KOWLOON-DAILY AT 2, 30.3.20

TO-DAY AND TO-MORROW. FLYING FELONS NABBED IN THE AIR! The Most Exciting. Air Thriller That Ever Zoomed Across The Screen!

PIRATES

OF THE SKIES

KENT TAYLOR ROCHELLE HUDSON

Marlon MARTID - Semze! &. DES Right TOOMKY » Lución LITTLEFIELD

Diensted by Joe McDonough Kunduda Prodeant: Baray Barsaky Original screenplay by Ben Oran Kabu A New UNIVERSAL Picture

• SATURDAY •

"THE ADVENTURES OF ROBIN HOOD"

TAKE ANY TRAM or HAPPY VALLEY BUS. w

CATHAY

DAILY AT 2,30,5.15, 7.20,&9,30.P.M. MATINEES ––– 20%, 20%, 40c. EVENINGS1–20%, 30c. 60%, 70c., 80c.

• TO-DAY ONLY •

THE OUTSTANDING FILM OF

ALL TIME!

An RKO Radio Mightiest Spectacle NOW Reissued Entirely in NEW COPY.

KONG

MA BRUCE CABOT, ROBT. ARMSTRONG: FAYWRAT

TO-MORROW & SATURDAY –– 2 DAYS ONLY

NOTHING LIKE IT EVER BEFORE ON THE SCREEN! "INSIDE THE FRENCH MAGINOT LINE” Military Secrets Revealed For The FIRST Time! -SHOWING TOGETHER WITH-

An RKO Radio Comedy Hit

DAILY

AT

230

520

720

920

!

"THE WHOLE THING REEKS OF COLLUSION," REMARKED THE CHIEF JUSTICE, SIR ATHOLL MACGREGOR IN THE BANKRUPTCY COURT THIS MORNING WHEN DISMISS- ING A PETITION FOR A RECEIVING ORDER AGAINST LO CHAU, TRADING AT THE WAI MAN BATTERY MANUFAC- TURING COMPANY, BY LEUNG KIN-HING, PETITIONING CREDITOR.

Mr. G. S. Ford appeared for the pe-1 titioning creditor. The petition, he stat- ed, was for a receiving order against Lo Chau, debtor.

Leung Kin-shing, petitioning credi- tor, said that the debtor owed him $1,000 on a promissory note. Although he had pressed for payment his quests were not satisfied. Therefore, he! filed the petition.

TC-

Examined by the Official Receiver. ho said his object in filing the petition was to get some of his money back. He hoped to get back 100 per cent. He heard the debtor had assets in a Trade Mark, but was not aware of any other assets. He had heard that the Trade Mark was valued at several thousands of dollars.

ONLY ASSET

The Official Receiver told petitioner that the debtor had revealed that his only asset was the Trade Mark and that he believed it to be worth $2,000. Debtor also revealed that at the time he borrowed the $1,000, his liabilities were $17,000.

Petitioner replied that he was not aware of the debtor's financial position

THEFT FROM

POLICE STATION

Kong Pan, 27, was charged be fore Mr. T. J. Houston this morn- ing, with stealing a mosquito net from Quarry Bay Police Station.

Ng Kau, 23, assistant accountant of the Wing On pawnshop, Main Street, Shaukiwan,

charged with receiving marked goods into pawn.

was

the net Inspector Russell said was placed in the backyard by an Indian constable on the afternoon of April 12. When he came back from duty the net had disappeared. when he Defendant was arrested tried to sell the pawn-ticket,

Ng said he did not notice that Petitioner agreed that debtor

the the net was Government property. formerly the sole proprietor of Wai Man Battery Manufacturing Com- First defendant was sentenced to pany, employing some 60 men, but den- one month's hard labour, and Be- ied that he knew of several writs, amounting. to over

then.

was

$7,000, issued cond defendant was fined $100 or against debtor at the time the money three months. was lent.

DEBTOR'S KNOWLEDGE

}

The Official Receiver asked witness whether he paid his solicitors $300 to how prepare the petition, and asked debtor got to know. Petitioner ex- pressed surprise that debtor took inter- est in his affairs.

Petitioner said he took the risk of spending $300 hoping that the Trade Mark would realise several thousand dollars so that he might be paid back 100 per cent.

CANTON INSURANCE

OFFICE DIVIDEND

We are officially informed that the Consulting Committee of

The Canton Insurance Office, Ltd., will, of forthcoming Meeting

Official Receiver: "Does it not look at the

as though debtor does not owe you Shareholders to be held on May 18, $1,000, but is trying to get a receiv-. ing order by getting you to present the petition?""It does not."

recommend the payment of a Final Dividend of $8.00 per share, in re-

The Official Receiver explained that spect of Working Account for 1937, had debtor presented the petition ho and the transfer of the balance of would have had to undergo a public

Sus- examination, under oath, and would $261,762.43 to Underwriting

will further havo to produce his books, which are pense Account; they

Divi- not available, to show that he was an recommend that an Interim honest business man.

dend of $5.00 per share be paid in for respect of Working Account

the 1998, and that

balance of $1,924,826.54 be carried forward.

Petitioner denfed that he was pre senting the petition so that debtor Joan Fontaine might avoid being examined publicly, “MAID'S NIGHT OUT" Allan Lane The Chief Justice: "Having lont deb- tor $1,000 on no security, why did you delay action all these months judgment after judgment had against him in the Courts?"

Petitioner said he was not aware of debtor's financial difficulties until after he had been arrested and put in the Debtors' Prison.

HANKOW

STARE

KOWLOON

57795

FINAL SHOWINGS TO-DAY

She Fell in Love with the Man She Tried to Trimi

BLOND

CHEAT

FONTAINE & DERRICK de MARNEY

when gone

C.T'S COMMENT Chief Justice: "On' two of the writs execution was issued. By a Judgment of this Court, an order was passed that the Trade Mark could nbe attached. The debtor was, therefore, sole posses- sor of the Trade Mark. On March 31, his illusions were, however, shattered when I issued an injunction restraining him from dealing in the Trade Mark. Inter, debtor writes you a letter on which you relied for these proceedings. "The debtor was not in a position to file the petition as he was unable to produce his books. You, his friend of

BRITAIN ACKNOWLEDGES GERMAN NOTE

London, To-day...... British acknowledgment of the German Note terminating the Anglo-German Naval Treaty was sent to Berlin yesterday.

It is expected that the Govern- ment's observations will follow shortly. Reuter.

10 years' standing, on April Gale the AIR DEFENCE

petition and few days later debtor.con- veniently appears in your solicitor'a office to be served with the petition.

The Official Receiver suggests that there is clearly collusion.”

Petitioner denied the suggestión. The Chie Justico dismissed petition with costs, saying: story told by petitioning creditor me as beiner halther essential- grant. He has falled utterly to

hin at tid my mind:

the

ruck)]

OF HAGUE

The Ha

nicipal council decided

In course of of various partic

Governme