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firm, because people would infer that since branches were
closed business would be bad in Hong Kong. Two branches were closed after 30/4/28. When I said that were closed after
balance sheet I think branches were closed after meeting on
•
21/7. When 4th witness did auditing, time he left depended
on time he came. One or two occasions he came after 5 p.m.,
rest of time he came before 5 p.m.
Voting at meeting on 18/6 was by show of hands. I told them
that those who agreed to balance sheet similar to Ex.G to put /their hands. I took it as no meeting because there was no
up
chairman.
directors.
Minutes of meeting were written by order of
Most of applications for shares came to me and I handed them
to Mr. Brewer. I did not deal with them myself. I took them
to be genuine because I saw them signed. I know all signatures
except one in Ex. J. Applications in Ex. I handed to Mr.
Brewer. On receipt of application Company sent or handed over
a letter of acceptance to applicant, I signed letter, which
was in printed form. I believe I sent a letter of acceptance
to every appliomt in "x.J.
I didn't see Chau Kwan Ming with $9,000 in cash; same applies
to others in Ex. I. I tried to collect some of loans granted
on Ex.I, but didn't get any. I wrote letters.
I know that shareholders at time of loans were in financial
position to pay because I knew them as business men. Mr.
Brewer's intention was that he didn't want to lose interest
by getting in so much money.
sa.
Leo Ping Chuen.
Sa.
A.G. Grantham
P.M.
P.66
7. Kang Shan decd. I am lat olerk in Land Office. I
produce copy of memorial No. 109821, mortgage dated 12/4/28
for $150,000 with Instone Banking Corporation building 25,
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