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I am
My suggestion to you is that it is a duplication, that you did not get both the cash at Canton and at Shekki ? not in a position to contradict
To substantiate that suggestion I say that had the cash
been transferred by Shekki it would have appeared as an asset in the Shekki balance sheet which it does not ? You may be perfectly correct, but I don't see that I can help you any further than I have done.
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I take the next item on the printed balance sheet. These items, I think, are also included in your typewritten balance sheet "Loans, Mortgages and Investments". These four items "Promissory Notes, and Bills of Exchange, " "Collateral Security Loans (Short Term and at Call)" "Mortgage and Long Term Loans," and "Stocks, Shares and Other Investments."
They are included in the typewritten balance sheet which you approved ? Yes, everything is identical, therefore, it is
correct.
I want to go to the item - "Promissory Notes and Bills of Exchange $59,580.95. To the extent of approximately $31,000.00 this item was loans to shareholders and Promissory Notes ? Yes.
These loans were made to shareholders on Promissory Notes, either because they could not, would not or did not pay their
calls or allotments on their shares ? Either one or other of those reasons.
In respect of all those loans to shareholders on Promissory Notes amounting to $31,000.00 no cash passed ? Cash passed
over the counter.
Penultimate and lagt paras.
This answer is inaccurate.
Memory is not sufficiently pronounced to permit of my denying this reply. But if so made the words do not convey my intended meaning.
What sort of cash ? Cash in the dictionary and commercial sense. No money ever passed in Hong Kong in excess of $2.00
Judge: No cash passed ? Yes, it did.
Judge:- Did money pass? No, My Lord.
They were merely cross-entries in the books ? No, that is a lie!
(Judge reprimands Mr.Brewer for his language and attitude - for which Mr.Brower apologizes and withdraws his previous remark).
They are cross-entries ? No.
Answer :- They are cross-entries but not merely cross entries.
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What is the difference ? That is a cash transaction because the intention of the parties was to deal in case
there was a material difference made in their relationship another and legal relationship was identical, as if cash had passed.
A
What is the difference ? That is a cash transaction because the intention of the parties was to deal in cash there
was a material difference made in their relationship
17.
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