1914-05-05 — Page 5

Cutler Falmer &&

"The Wine Merchany of the fast.

INAPIER

JOHNSTONE'S

"SQUARE BOTTLE"

WHISKY. UNVARIED FOR OVER

150 YEARS.

THE SAME TO-DAY AS IN

1745.

BEWARE OF IMITATIONS.

SOLE AGENTS IN HONGKONG

LANE CRAWFORD & CO.

and from ALL WINE MÉRCHANTS,

AUCTION

PUBLIC AUCTION.

F63

the letting by Public Auction Sale, to be held on MONDAY, the 11th day of May, 1914, at 8 PM., at the Offices of the FUBLIC WORKS DEPARTMENT, by Order of H18 EXCELLENCY THE GOVERNOR, of Hoag kong, of the RIGHT TO QUARRY STONE on Four Lots of Crown Land at Ngan hi Wan in the New Territories of Hongkong. for a period extending from the 11th day May, up to and including the 31st day of

December, 1914,

PARTICULARS OF THE LOTS. ""'!!.

Quarry Lok No

Locality.

THE HONGKONG IRON

MINING CO.

(Oontinued from page 3.)

In reply to a question by the Chief Justice, Mr. Alabsator said that what they (defendant and Mr. Mody) then did was to float a company with a nominal capital of $1,000,000, in 10,000 $100 shares. Of these 10,000 shares the vendors, all these four people concerned, were to get 7,250 shares issued as fully paid up. That left 2,750 shares to be issued to the public. These latter shares werp issued a little later at 895 (partly paid) per share, subject to a call. If his Lordship divided this amount in pro portions of three-parts and one quarter, which was comprised in the agreement, he would find that 6,437 was the total shares to-be-divided between Sir Paul and Mr. Mody, and 1,813 between Lanzius and Machlillau-906 vách. Out of that amount each of them had to pay back A certain number as representing their quarter share of the expenses of the iron mine. On the 29th November, the iron. mine was incorporated, and Lanzius and MacMillan were given 700 shares each on account. They were to have the balancs of their shares when the accounts were taken to show what their proportions As they had to pay something, they got something less than 3504 each of shares. As a matter of fact the accouzita kad never been made up, and when he said that he meant that Lanzius and MacMillan were never given an account showing anything of a settlement, or that their shares were this or that

wore.

Mr Sharp-Your Lordship should. understand that we say there was a state- meat of accounts.

Mr. Alabaster agreed, but said he contended no accounts were made up and that was why he claimed the full 1504.

Completing the story," as he described.

Counsel suid Lanzius and Mac-

Muc-

THE HONGKONG DAILY PRESS, TUESDAY, MAY 5TH, 1914.

WM.

POWELL LTD.

TELEPHONE 346.

"LYXHAYR"

IS THE PROVED HYGIENIC STUFFING FOR MATTRESSES

GUARANTEED ABSOLUTELY PURE.

50% CHEAPER THAN HORSE HAIR, AND CLEANER

AND FAR BETTER.

ASK FOR.....

“LYXHAYR” MATTRESSES

IN POWELL'S

FURNISHING

DEPT.

(649

INDO-CHINA PORTLAND CEMENT COMPANY, LTD.

FAMOUS

DRAGON

BRAND

CEMENT

CEME

PORTLAND

CEMENT

LIPHON

ALWAYS IN STOCK

HIGH

QUALITY BUILDING

CEMENT

Millan, and certainly Lanzius, went to work in the Territories as manager of the iron mine, and he was also managing other properties at the request of Sir Paul Chater. Lanzius never had any agreement with the Company, he worked for Sir Paul Chater until 1905. Millan had left before, in March, 1908, and went to Burmah, where he died. Tha French Fathers feat Lanzius $30,000 on his 750 shares; he mortgaged his shares to the French Fathers for that amount, and went to Australia, intending to return in about a year's time. Counsel thought that Langius' first year's interest was deducted from the load. While he was in Australia he heard from the French Fathers, who demanded their second year's interest. Lanzius wrote to Sir Paul Chater asking him to arrange matters, Ngas 8hW, 18.99 but what had happened to that tetter he did not know; it bad evidently been lost. Then the French Fathers, in Lanzius ab- sence, and being unable to get the second year's interest, sold the shares at $25 per share. Perhaps Sir Paul Chater would be able to inform them who purchased those shares. They had reason to believe that Sir Pauf purchased them himself, al though several of them still stood in Lanzzos' name. In 1911 Lauzius returned. to the Colony and the French Fathers ob tained judgment against him on the balance due to them un their transaction. On October 30th, 1911, Mr. Stephens again wrote to Sir Paul Chater on behalf of his client, forwarding a statement of clain under the terms of the letter of agreement and the agreement entered into between Sir Paul and his client at the GOING AND RETURNING WITHIN PERIOD 187 JUNE—31 OCT.

Apply to P. SOFFIETTI & Co., 14, Des Vosur Road Contral, 1st Floor. Telephone 289,

F1049-1

Summer Excursions

[658

TO THE MEDICAL PROFESSION,

MISS MORITA

CERTIFICATED MASSEUSE (with, diploms 1 Physiology and Anatomy), will be pleased to give Manage, ander medical supervision, Address- ·NOMURA HOTEL,

15, 16 and 17, Connaught Road, Telephone No. 100,

Hongkong 2nd December, 1913. [1366

NEW CARTRIDGES.

ستم

time of the formation of the Hongkong Iron Mining Co.. More letters passed

ΤΟ

JAPAN

BY THE STEAMERS OF

CANADIAN PACIFIC S.S. LINE.

PACIFIC MAIL S.S. CO. TOYO KISEN KAISHA.

RATES FROM HONGKONG ::

BY popular English Manufacturers. Is and Mr. Looker write asking for copies NAGASAKI $120.00. KOBE $135.00. YOKOHAMA $150.00.

all Bores and Sizes.

SMOKELESS POWDER and CHILLED SHOT. From No. 10 to 8980. at 86, 87 and $7.50 per 100. BPORTING FEQUIS ITES and AIR GUNS in Variety,

Inspection Invited.

WM. SCHMIDT & Co.

Hongkong, 16th April, 1914.

[559

MARTIN'S APIOL STEEL

Martin'sPiile la tua heran, wipstop the frat Hea of ang krengetares of the kyeloma -tittely-duse to by be atrás,etered. Three wisa

·SUS LŪGI; PICOmend them, bestee theirenor. 2016 «kis, Alf Chemisti sail Stores aeli them Enroughout the World, be poss free Gi MARTIN, Chemist, Boushrimpton, EDG

MARTIN'S

APIOL & STEEL

SATOPILLS

Dayana 13 to pay cards a chGAN VE

GRIMAULT'S

of the agreement under which Mr. Stephens was claiming. On November 2nd, Mr. Stephens replied to the effect that he claimed on the draft of the original agreement, which was either in the possession of Messrs. Deacon, Looker, Deacon & Harston or their client.

His Lordship asked what was the pre- sont market value of the shares.

Tickets are interchangeable for return by any steamer of above-named Companies and include Rail between-Japan-Forts of call if desired.

Passengers may go and/or return VIA MANILA without additional charge by steamers calling at that Porta indicated in schedule of sailings shown below,

The Stamers operated by the Companies named are the largest fastest and most luxurious on the Coast.

JOINT SCHEDULE OF SAILINGS TO AND FROM JAPAN PORTS.

PRICES

FROM

$35

то

$225.

VICTOR-VICTROLA

EXCLUSIVE DISTRIBUTERS:

MOUTRIE'S

BANKS

HONGKONG SAVINGS BANK:

THE

PRICES

FROM

$35

TO

$225.

Victo

BANKS

151-5

THE INDIA

HE Business of the shore Bank is won

ducted by the HONGKONG AND SHANGHAI BANKING CORPORATION Bulow may be obtained on application.

INTEREST on deposits is allowed on the Minimum Monthly Balances at 81 per cent

per annum.

Depositora msy transfer at their option balances of $100 or more to the HONGEONG

AUSTRALIA AND CHINA.

INCORPORATED BY ROYAL CHARTER. 1851.

HRAD Orvice-LONDON.

Paid-up Capital...

Reserve Fund

£1,200,000

£1,800,000

Reserve Liability of Proprietors £1,200,000

FOREIGN EXCHANGE and General

and Shanghai Bang to be placed on FIXED | Banking business, transacted DEPOSIT at 4 per cent, per annum.

For the HONGKONG AND BRINGKAS

BANKING CORPORATION,

Y.-J. STABB,

Chief Manager. [16

· Hongkong, 1st July, 1911.

THE MERCANTILE

BANK Or

INDIA, LIMITED.

Authorised Capital Subscribed JI

Paid-up Reserve Fund

++

BANKIBS:

BANK OF ENGLAND, and

£1,500,000 1,125,000

562,500

465,000

LONDON. JOINT STOCK BANE, LAMITED.

INTEREST allowed on Current Account at $ per cont. per annum on Daily Balabos and on Fixed Deposits at rates which may be ascertained on application.

A. R. LINTON;" Manager.

[788

Hongkong, 14th July, 1918,

NTERNATIONAL

CORPORATION.

BANKING

HEAD OFFICE: 60, Wall Street, New York. LONDON OFFICE: $6, Bishopsgate, E.C

CURRENT ACCOUNTS I opened and

| FIXED DEPOSIT received for I your Or shorter periods at rates which will be quoted en application.

A. 8. HEWETT,

Anting Manager. Hongkong, 31st March, 1014, $1494

NEDERLANDLOR INDISON

HANDELSBANK.

(NETHERLANDA INDIA COMMABOTAT. BANK.)

ESTABLISHED 1868.

Authorised Capital FI. 80,000,000 (£2,500,000) Paid-up Capital... FL. 17,407,000 (£1,460,688) Reserve Fund... FI. 8,618,000 ( £545,168)

HEAD OFFICE: AMSTERDAM. HKA AUXOY: BATAVIA

LONDON BANKERS: THE WILLIAMS DEACONS BANK. SWIGS BANKYURIIN...

The Bank transacts every description at Banking and Exchange business, receiv money on Current Account and on Fixed Deposit at rates which may be ascertained on "application.

G. VERMEY, Manager, No. 8, Dee Voux Road Central. Hongkong, 3rd October, 1913

THE BANK OF TAIWAN, LIMITED.

THE

(INCORFORATED BY SPECIAL IMPERILL CHARTER).

Capital Subscribed

Capital Paid.ap

Reserve Fands

Yen 10,008,000 7,499,950

{ 3,430,000

HEAD OFFICE TAIPEI, FORMOSI.

BRANCHES AND AGENCIES:

Kiukiang Shanghai

BRANCHES-

Bombay. Caloutta. Canton.

Kobe. Manila

Mexico.

Ceba.

Panama.

Colon

Peking.

Empíru. Hongkong, Hankow.

San Francisco,

Amoy

Shanghai.

Batavia

Kobe

Singapore

Yokohama.

Bombay London

Srator

Calcutta

Manila

Taichn

Canton Moji

Taman

Dairen

Nagasaki

'Takow

Newchwang

Tameni

Tokyo

Yokohama

CAPITAL AND SURPLUS Gold $7,200,00

equal £1,480,000 EVERY DESCRIPTION OF BANKING

BUSINESS transacted. CURRENT ACCOUNTS opened on the uns:

Foochow Hongkong New York KA

FROM JAPAN.

To JAPAN.

YOKOHAMA

KARD

JKAFK

LEAVE

KABAMANI Has Rond

LEAVE

STESHEA

Hosurge JACK

NADANAKI ARKIVE

Kour

YUKGMAMA

ARRIVETM___ABRIY»

MANCHURIA

# JUTAD

12 Juve

14 Juje 10 June

E. DE ANDA

20

terms.

TEXYO MARU

14

DEPOSITS RECEIVED, fixed for one you:

Keelong

FIE

16

NIPPON

July

i

19

H

June

Jung

Juce

11.

יו

ני

E OF JAPANES DE

26

אן

NONGOLIA

MONTKAGLE

+

E OF RUSSIA

HONG, MARUL

Just PERSIA

[STINYU`TART"""

勘 July

July

July

17

-~- ̈ ̃E-UP INDIA ....

Ab

115

KOREA

Aug.

FFCRITO MARITIM

14

25

"1

41

* | RIBERIA

20

Aug.

Ang

Aux

J

Aug,† CHINA T

MANCHURIA

E OF JAPAN

TENYO MARC NULE 1% OF HENGETAR

BUNTEAGLE W

NIPPON HARU !

Sert MONGOLIA

K OF INDIA

PERSIA BINYO HARL E OF ASIA FRONG. MARTE

KOREA

CHIYO MARU

70

"

Sejit

Shepic.

at 4 per cent. per annum or for shorter periods, at rates which may be ascertained on application. BILLS NEGOTIATED and COLLECTED MAIL: And TELEGRAPHIC REMIT.

TANCES-made,

LETTERS OF CREDIT and DRAFT

granted on all the principal citim- in the World. THE BANK'S CIRCULAR LETTERS-OF- CREDIT are available all over the

World.

COMMERCIAL LETTERS OF CREDI

inned.

PURCHASE and EALE of Stocks and

Shares effected, TRAVELLERS' CHECKS sold and cashed

GEORGE HOOG, Menager. 9, Queen's Road,

Hongkong, 21st October, 1913.

[10

Osaka

San Francisco Etc. HONGKONG OFFICE,

8. DEB Your Ren Intereat allowed, on Current AcOO WII ŠE, Deposita received on terms which may bi bad on application:

K. TSUDZORABARA Manager. Hongkong. 19th February, 1914.

HONGKONG

AND

BANKING CORPORATION.

Paid-up Capital

[548

SHANGHAI

$15,000,000

Resorve Funds:→

Sterling

£1,500,000 at 2/--$15,000,000 Silver...

$17,650,000

$32,650,000

Feserve Liability of Proprietors $15,000,000

COUNT OF DIRECTORS.

Mr. Alabaster suid--that the present murket value was somewhat peculiar. The shares were not in the market. The only shares, those of the public, wore sub- ject to a liability of 875 per share. They still owed 875, but the shares of Sir Paul Chater were fully paid up. There would be $75 per share to comic in in the event of the Company boing wound up, and that alone would be sufficient to pay between $90 and $25 per share to all the shareholders. Then, in addition, there was the iron mine itself which the Com pany had on a lease for 75 years. A large amount of iron bad been discovered, although there had been a difficulty. hitherto owing to the absence of coal. Now, however, this difficulty had been overcome, na they were able to work with oil instead of coal, and there was every probability that the mins would become really valuable. The mine stood in the balance sheet, with Sir Paul Chater as managing director, as an asset of $750,000, and the Company was still in existence. When it was pointed out to defendant's solicitors that what they were asking was that plaintiff should get no remuneration at all, they replied asking there to waste. no further time in writing and therefore that action was taken. The legal issues on the agreement were of construction. The legal issues, so far as the account was concerned, would be on a monthly basis. which, by consent, could be taken before this registrar. They also claimed, under prospectors were not sharing profite, they work, and he was also entitled, because the written agreement, that they were were sharing results. There was no ques of the wording of the agreement. His entitled to be paid for development. The tion that Lanzius and MacMillan came client claimed that he was employed by question for the jury was whether 845,1 to Sir Paul Chater and Mr. Mody in Sir Paul Chater to do the work, and was a fair amount, after hearing of the July, 1905, and told them about the dis- claiming remuneration right up to the work done by plaintiff, his qualifications, coveries, that there were conversations time of his departure in 1008 He did not and what he had received from other and that it was finally agreed in the know what arguments would be used on May, at 6 a.m. people. There would also be the question manner stated. Neither could there be the other side, but it might possibly be of the construction of the two agreements, any question that Sir Paul Chater and argued that so far as the iron mine was The IG.M. str. Luetase, which left here whether a construction of partnership Mr Mody ever intended, for one singlo could be made. It was evident that Sir cut, to enter into partnership will 46ormed, this having breu incorporated on the 30th April, at 5 pm, arrived at LONDON COUNTY AST WESTMINSTER

as a Company, the claim was against the Shanghai on the 3rd May, at, 8 a.m. Paul should get three parts of anything Lansius and MacMillan, whom they had Company. The evidence went to prove The LGM. Br. Prin Ludwig, carrying which might be discovered, and so long never known before; a partnership in that they had never entered into an as the agreement was in force the prospec which Lanzius and MacMillan could, by agreement with the Company at all, the German mails, with dates from Berlin tors were to get one-fourth. The differ-representations and contracts,

have They were employed by Sir Paul Chater. of the loth April, left Colombo on the 3rd ence between partnership and joint involved Sir Paul Chater in enormous If Sir Paul Chater asked them to do some May, a.m., and may be expected here on partnership, he said, was quite distinct, sutus. Such was never intended, and it work which the Company could have or about the 14th May. and depended upon a variety of cir- was obvious that there was ao partnership asked them to do, Sir Paul Chater was The H.AL-str. Bugern loft Shanghai cumstances In Ordinance 1, of 1860, ir agreement at all. And there being no still liable for it. Counsel quoted several on the 3rd May, a.m., and may be ex CONSUMPTION stated that a partnership relation existed such agreement he submitted that their authorities during his address, which pected here on or about the 7th May, 8.m.

between-persoas carrying on business in client was entitled to be paid for the work occupied the whole day common, with a view of profit. Could it he had done. He was entitled generally be said that that was the sort of business because he had been instructed to do the

The which plaintiff was engaged in?

SYRUP

OF

HYPOPHOSPHITE OF LIME

FOR

STUBBORN COUGHS

BRONCHITIS

WEAK LUNGS.

CATARRH

Betaming via Marin,

Going wis Merila Steamers proceeding via Manila do not call at Shanghai,

[030

Mr. Sharp will open the case for Sir Paul Chater this morning.

LATEST STEAMER MOVEMENTS,

The C.P.R. str. Empress of India leit Vancouver on the 30th April, a.m. Shanghai on the 3rd May, at 4 p.m., and The C.P.R. str. Emprian of Japan left is due to arrive at Nagasaki on the tr

The str. Dunera left Calcutta on the 1st May, and may be expected here on or about the 17th May:"

Hon. Mr. D. LANDALE-Chairman. W. L. PATTENDEN, Esq.-Deputy Chairman. S. H. Dodwell, Esq. F. Lieb, Esq. G.T. M. Edkins, Esq. C. 8. Gubbay, Esq. F. H. Holyoak, Esq. C. Landgraf, Ess

J. A. Plommer, Esq. Lon. Mr. B. Shellim, H. A. Siebs, Esq.,

CHIEF MANAGER: Hongkong N. J. STABE.

MANAGER Bhanghai-A, G. Staraan.

LONDON BANKERS 4.

می

BANK," LIMITED.

HONGKONG-INTEREST ALLOWED.

Or Current Account at the rate of "Two per cent. per sarum on the Daily Balance.

ON FIXED DEPOSITO/ For 8 months, 3 per cent. per Annm For months, 24 per cent. per Annum,

Fór 12 months, 4 per cent. per Aunum

N. 3. STABB”.

Chief Manager.

Hengkong, 23rd April, 1914.