1913-12-15 — Page 5

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• The Wine Merchany of the East"

NAPIER JOHNSTONE'S

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[74

SPECIALITIES

CORNED OX TONGUES,

CORNED BEEF,

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PRESSED BELF.

GERMAN SAUSAGES.

Those Bro & few of the delicacies offered for sale by

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[28

THE HONGKONG DAILY PRESS, MONDAY, DECEMBER 15TH, 1913.

THE INDIAN SPECIE BANK. REMARKABLE PROCEEDINGS IN

THE BOMBAY COURT,

The latest mails have brought Indian: papers containing reports of the proceed. ings in the High Court at Bombay in the matter of the petition for the wind- ing up of the Indian Specie Bark. This was prior to the sudden death of Mr. Chinital, the manager. The petition was filed on behalf of Manoki Romanii Sellina, interpreter to the High Court. Mr. Justice Dayar heard the petition. Petitioner said he was a shareholder in the bank, which was started by Chuerila! Saraiyn with the sole object of carrying: on his own speculative designs at the expense of the public. Chunilal, accord. in to the petitioner, had ever since the commencement of the bank's business i 1007 entered on the silver market and during the years 1007 to 1910 as m subsequently during 1910 to 1911 as a purchaser of very large quantities of silver, both ready

and forward. Petitioner alleged that the result of tie operation of Chunilal was that as a seller he lost about fifteen Jakhs of rupees. The result of his cornering perations during the period between 1010 and 1912 was that the bank incurred a further loss of fifty Takts of rupees. Petitioner had also discovered that the bank had advanced pver sixty lakhs of rapers to some jewellers and pearl mer- chats on the security of pearls, the present value of which had gone down by ifty per cent. It was not at all probable that the bank would be able to recover the Two of the balance from the debtors jewellers had already been adjudged inselvents. The bank had suffered a loss of nearly fifteen lakhs in mill shares.

Mr. Sitalvad for Chunitat addressed the Court, stating that ac had never speculated in silver or won silver. Mr. Sitolvad said

that it was absolutely untrue that the

bulk of the capital of the bank was lost, The paid up capital of seventy-five lakhs was intact, Counsel then denied the other statements in the petition.

to

His Lordship said he was extremely reluctant to accept a petition for winding up the bank. An inquiry into the matter the might throw some light as disturbed condition of the Bombay money market. The Court no doubt had an unpleasant duty to perform, but it would not ignore the gravity of the allegations contained in the petition. It seemed to his Lordship that petitioner had derived his information from some reliable sources. The Court accordingly accepted the petition for winding up the Indian Specie Bank, His Lordship said he would obtain the permission of the Chief Justice for the appointment of Mr. Basil Lang as official liquidator of the bank.

On the following day, when his Lord.

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10, D'AQUILAE STREET, Hongkong, 26th November, 1913,

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petition. Counsel for Chunilal pleaded that the result of the order would be most disastrous and ruinous, and while they did not want to burke inquiry, but distinctly desired their financia position to be examined by two competent accountants, they asked his Tordship to dismiss t potition if the result of the investigation was favourable.

Three

barristers representing very large shareholders asked his Lordship to stay his hand, representing that the

malicious one," petition was of a conspiracy of a rival bank, and was intended to blackmail Chunilal,"

Mr. Chunilal at this step, addressed the Court. He said be had several enemies. If he was allowed to go into the box he would depose that he had been pestered for certain loans for the last twelve months. Because he refused them this

petition had been got up,

Mr. J. David, who represented the! petitioner, said that if the petition was a malicious one, having for its object extortion, the parties had legal remedies. They were welcorpe to take steps in the matter.

The

Int

His Lordship said that, leaving aside the allegations in the petition, there were certain grounds for believing that, first of all, out of a capital of seventy-five laking twelve lakhs had been advanced to directors with or without security. directors' names were not disclosed. the balance sheet the liabilities of the directors were shown as zil. The share holders had therefore been kept in Further, ignorance of the real facts. said his Lordship, it was admitted that the dealings in Government paper had resulted in a loss of three lakhs. It was also admitted that sixty lakhs had been advanced an pearls.. Two of the pearl merchants to whom large advances had been made had since become insolvent. Out of the reserve fand fifteen lakhs securities had been sold to meet the bank's ereditors. Then again fifty-five lakhs had in badla transactions. beer used There was a slump in the market now and it was not known how much of this fifty. Referring to five lakhs had been lost. the silver transactions, his Lordship said a sam of three crores of rupees of the hank's money had been utilised in the This state of affairs silver gamble. showed that matters were gravo enough. In view, however, of what had been heard the Court would allow the question of appointing a liquidator to stand over till after hearing the petition.

The Court directed the appointment of two accountants to audit the acccents of the bank.

On November 24th the parties came into Court again, when it was announced that the parties mutually withdrew their allegations against one another and applied to the Judge for the dismissal cf. Mr Jivanlal Panalal, a the petition. very large shareholder and creditor undertook to take over the petitioner's CB en shares at the price he had paid for hen and guaranteed. any loss that he might suffer in respect of future calls on them during the next twelve months. He also agreed to pay his costa.

After bearing Counsel.)

THE NEW FRENCH REMEDY, THERAPION NO. 13

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(175

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spite of the allegations of very hazardons : trading not one single shareholder, cus-Played at Happy Valley on Saturday, tributory or creditor, has come forward Kowloon winning easily by four wickets to support the petition. That seems to and 39 runs. Scores: mo to be a very remarkable circumstanc in the history of Bombay banking and trade. The petition will stand dismissed.

LOCAL SPORT.

LEAGUE CRICKET."

HONGKONG. THE GARRISON.

Played on the Club ground on Satur- day, resulting in an easy win for the Garrison by two wickets and es rung. Scores:

HONGKONG.

KOWLOON.

P. W. A. Wilkie, b Alexander

1. D. Evans, b' King

L. M. Whyte, b King

A. R. F. Raven, b Kelly

J. Stalker, not mut.

L. J. Blackburn, o Bunker,

Crimmett ne

D. J. Mackenzie, `b King

Extras

Total

alaco Sa

H. E. Goldsmith, L. 0. Collins, P. R.. Wolff, and H. Overy did not bat.

A. C. Elborocgl, e Bowen, h Heath. 0 F. E. Pearce, e Margregor, b White. 4. A. Cluston, e Crawford, b White. 18 C. C. Clarke, Heath

Kelly

5

9

Alexander Kent King

R. Hancock, Raufell, b Heath ......

Mclennan

Grimmett

R. Kennedy, not out .................

R. P. Thursfield, e Heath, b Bagnall. 30

A. L. Gace, u Pyn, b Bowen.

H. M. Maas, st. Pym, b Bowen....

D. E. Donnelly, Macgregor, b

Bowen

P. H. Cubb, e Tya, b Bowen

Extras

Total

Bowling Analysis.

M. R.

10

10

K

*

Lieut. Heath Lieut White Lieut. Bagnell Major Bowen......................”

* 5.3 0 *Each bowled one wide.

THE GARRISON.

e Claxton, b Capt. Robertson, **Donnelly**** Capt. Matthews, b Donnelly Capt. Crawford, b. Donnelly Lisa Pym, R.G.A.. and b

Donnelly

Macgregor, e Kennelly, b Hancock...? Raufell h Hancock

Lieut. Bagnall, C Pearce, b

Donnelly1.....

Major Hawen, not out

Capt. White, b Cobb

Lieut. Heuth, not out Lieut. Wiltshire, did not bat

His Lordship said: In view of the development that has taken place in these proceedings this morning. I am unable to say how this resuls has been brought about, but I am not concerned with that. If the petitioner abandons his petition, it must be dismissed. But before this chapter in the history of the Specie Bank closes, should like to say that it struck ma as a most remarkable circumstance that shareholders, representing a capital of three-quarters of a crore of rupees and creditors to the extent of a crore of rupees, should come forward together to the sup port of the directers and, managing. director in the manful fight they have made for the existence of the bank. In

Extras

Total (for 8 wickets) Bowling Analysis..

F. H. Cobb.........11 D. E. Donnelly Hack to

3. M. Maas .*Bowled one wide.

C

'17

1

Bowling Analysis.

D.

F.

WA

0

4-

门

32

G

23

0.3 0

28

3 0

26

1 0

POLICE CC.

4

Grimmett, e and b Goldsmith Meenan, c Collins, Evans

Kent, 1.b.w., Overy

Alexander,

Booker,

Evans, b Overy Evans

0

4

Pitt, b Evans ....

King, h Evans

Woodcock, b Evans

Kelly, b Goldsraith Goucher, b Goldsmith Cotton, not out

Extras

Overy Evans

Goldsmith

མ་༠༠ཕ་5

PASSENGERS.

ARRIVED.

Fer Rajah, from Sandakan, Mr. Richardson, Per Shoohsing, from Shanghai, Miss Barton. Per Kaifong, from Haiphong, Mr. W Krono.

Fer Namsany, from Calcutta, Mr. and Mrs. Koch and 3 children.

Per Katjo Maru, from Coast ports, Mr. and Mrs. F. D. Leonard and Mr. C. P. Kreal.

Por Haitan, from Swatow, etc., Mr. D. Macdonald, Mr. Mackichom, Mr. Grose, Mr. R. Page and Dr. Cochrane.

PASSENGERS EXPECTED.

DE P. & o.

Per P. & 0. str. Borneo. From London November 1st.--To Hongkong: Miss M. C. Dawson, Mr. and Mrs. A. E. Spriggs, Mr. M. Bain, Mrs. Copley Foyle and child.

Per P. & O. str. Nankin, From London November 15th.--To. Hongkong, Staf Sergt. Major, Mrs., and Miss W. E. Stonyer and children.

Victor

TO LET

TO LET.

LODOWN, 94, Wanetai Road,

G

No. 153, PRAYA EAST. Apply

[390-1

THE HONGKONG LAND INVEST. MENT & AGENCY Cò, LTD. Hongkong, 1st, December, 1913.

TO BE LET. From 1st January, 1914,

[es

TATO. 1 to 5, “ ATMAĮ VILLAS,” adjoining Kimberley Road

NOLDESLOE," Kowloon.

Apply 40-

PATELL & Co,. 79, Wyndham Street, or

A Abdoolrahim, Architect,

54, Queen's Road Central

(1372

Hongkong, 26th November, 1913.

TO LET OR FOR SALE.

MODOWNS at $8, 38a, 99 and 99A, Prays

Fast Apply to

HONGKONG, CANTON & MACAO STEAMBOAT Co., LTD.,

·Hotel Mansions. Hongkong, 4th September, 1913.

TO LET.

Per P. & O. str. Nyanza, From London CHOP, No. 12, Queen's Road Central. November 29th-To Hongkong, Mr. C. A. Wilkinson, Miss Innoss, Lady and Misses Mas, Mr. J. IL. Woolacoté.

Y. Y.K.

Per Miyoshi Mart, from London November 8th-Miss A. M. M. Corbett, Lieut. W. Rawlinson. Mr. and Mrs. MacKenzie, Miss MacKenzie, Miss H. T. MacKenzie, Mrs. J. J. Thompson, Miss C. M. Thompson, Master F. M. Thorp son, Mrs. Chapple and 2 children. Dr. and Mrs. N Davis, Master B. Davis, Bishop and Mrs Banister, Miss Bonister, Mr. W. T. Puddepha, Mr. R. C. Turne. Mr. Banister, Mr. H. Morgan, Mr. and Mrs. W. Tohl. Master W. Tohl. Miss H. Tohl, Mrs. A. Mackay, Mr. A. Edwards, Mrs. Stevenson, Master Stevenson, Mrs. J. D. Edwards. Mr. S. H. Spaulding, Mr. and Mrs. A. Michael,

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Bowling Analysis

Total

Bowling Analysis.

Ft.

2 10

8

26

4.1 2

20

on 13th

Carvalho Pestonji

Davierwalla

G.C.C.. ARMY STAFF. Played at Happy Valley December. Stores

Capt. Farmor, Braga,

Davierwalla

ARMY STAFF.-

C

Inst. May, o Tata, & Carvalho

37

Lieut. Hergate, b Carvalho

8

Major Morgan, b Carvalho

Capt. Greenfeld, b Pestonji

Pestonji

:23ཀླུ·ལྦུ

J. E. T.

& 0 36 G+:0 22 11.

0

0 45

4

0 20

Morgan

Major Gen. Kelly, e Hancock, 5

Bomb. Willianus, b Pestonji

Corp. Lalor, b Pestonji

Davierwalla

Pte Inglefield, not out Pte. Iles, b Carvalho

Extras....

Total.

0.C.C.

F. K. Tata, e Morgan, Farmer

J. D. Noria, b. Morgan

R. A. Carvalho, 1.b.

G: A. Hancock, b Morgan

E. L. Braga, b Morgan

R. Basa, b Morgan

L. A. Rose, not ou

R. Pestonj, b Morgan Q. E. Lace, runout...... R. Davierwalla, not out

Extras

Total (for wickets)

10 2 44

..1BL

Pte.

M.

5

Dickson,

Carvalho,

Morgan

Farmer

Horgato

"Williams

10

No. 9. MOUNTAIN VIEW, PEAK.

[1035

2 FAIRVIEW, Nathan Road, Kowloon.

Apply to-

M. J. D. STEPHENS, Hongkong. 11th December, 1913. (722

TO LET.

Ground and Second Floors, No. 14, Dis FFICES, ROOMS, and GODOWNS, on

Voeux Road Central, the Premises now occupied by The South China Morning Post, Limited.

Posession. 1st May, 1914, or earlier. FLATS, WILD DELL" Wanchai Road. "HOMESTEAD," No. 45, Peak. Immediate

possession.

Apply to

SANG KEE. Care of COMPRADORE DEPARTMENT, Hongkong and Shanghai Bank. 1083

Hongkong, 28th October, 1918.

TO LET.

BROCKHURST, IN, PRAK, 6 ROOMS.

6. MOUNTAIN VIEW, 6 ROONE, OFFICE, at 2, Connaught Road Contral, 50 feet by 25 feat.

DENNYS & BOWLEY. Hongkong, 11th December, 1913. [1416

TO LET.

TERION, Nos 9 and 10, PEAK, Unfurnish-

MERION Cheep rental, from 1st

December. Newly Painted and Colourwasheð.

No. 6, CAMERON VILLAS, No. 59. PEAK, To Let, Furnished, for one year, from 1st May, 1914,

1. CAMERON VILLAS. No. 80, PEAK, To Let, Furnished, for 1 year from 1st May,

"ROGATE,"

Road, Kowloon Unfurnished.

Austin

No. 68, PEAK, MOUNT KELLETT (Church Mission Society Bungalow), from 1st October, 1913, til 30th May, 1914 Partly Furnished. Cheap.

rost.

FOR SALE OR TO LET. (From 1st November, 1913)

No. 1, GOUGH HILL, No. 108, PEAK.

Bungalow containing Drawing, Dining and Smoking Rooms and Five Bedrooms. With Ground for Tennis Court,

FOR SALE. "HARTING and ROGATE," a part of Kowloon Inland Lot No. 1154.4

App to LINSTEAD & DAVIS,

3rd Floor, Alexandra Buildings, [61 Hongkong, 13th December, 1913..

TO LET.

TOUR-BOOMED HOUSES in Granville

Fue and Balisbury Avenue, Kowloon.

Cheap rentals.

SHOP with GODOWN attached, Nathan Road Kowloon. Kowloon Marine Lot No. 48, with. Wharf.

Apply to-

HUMPHREYS ESTATE & FINANCE

Co. LTD.. Alexandra Buildings.

15 2

44

3

0

17

0

Hongkong, 12th November, 1913.

(1331