1916-05-19 — Page 2

Page

INTIMATIONS

Ten Victor Records which should be in every home

17342

(Silver Threads Among The Gold

Broken Melodym

Cello

17860

Venetian Love Song,

Finlandia-Tons Poem (Sibeliust

3500) Fackeltang

(Meyerbeer)

Blue Paradise

One Stop

3502

Fox Trot

Song

Miss Vixen

04327-Ah, Love, but a day..... 64120--I Hear You Calling Me

74437-Love's Nocturne

74337--Legende

89401-La Campanella (Liszt)

88395 Abide With Me (Liddle)

Violin Tanoforte

Song

Rozarlo Bourdon.

Victor Concert Orchestra

Conway's Band

Conway's Band Evan Williams McCormack

Hamlin. Zimbalist, Parlerowski. Clara Butt

MOUTRIE'S

VICTOR AGENTS

120

THE BEST TOBACCO YOU CAN GET IS THAT OLD FAVOURITE "AMULET.”

$1.10

för

SHIPMENT

HAS

JUST ARRIVED,

AMULET

Smoking ixture

$1.10

THE HONGKONG DAILY TRESS FRIDAY, MAY 19rm, 1916.

HONGKONG SHARE MANKET BUN ON A CHINESE BANK

AT SHANGHAI.

fesors.

weekly slipro repisi daled the 15th Mar de FALSE STORIES AND A DAY OF C

IBIO, State

Business in the local, share, market continues dull, nad prices have instances, owing to settlement influences and the pressure of Home selli further receded At the clo indications - of improvement "after bfay settlement bag been arranged, buyer prédommating for both - Indog" ang Douglases, and to a limited extent, also for Docks, at rather better than the fall equivalents for July and A

elivery

tanec tubbers,

tions

PANIC

There was a cua on the Bank of Ter itorial Development of China, Ltd in Nanking Road, Shanghai, on 11th May

EMPLOYES CLAIM FOR A PASSSAGE HOME

INTERESTING CASE AT

SHANGHAL

In H.BAL's. Supreme Court, Shanghai, on May 12th, before Mr. Justice Skinner

tant Judge Henry Town÷-

send claimed from the Bhanghai Dock and Engineering Co, the payment of an allowance in lien of passage to England payable by the defendants under an ugreement in writing aigued by the de fendants and dated July 25th 1814

After the rush of the day was over 15 was Turner,

that $120,000 had been paid out The run continued next day, and when payment was suspended, for the day was stated by a bank silver had official that 870,000. been paid out in exchange for notes since the doors opened at ten o'clock that morning.This makes $190,000 paid out in the two days, and assurances were, given at the bank was in command of ample funds to satisfy all demands that might be made on it.

There has been nothing of doing during the interval in and we are without any recent for Plantation Rubber or Standard Tin

Bar Silver is wired from London to-day at 861d for Spor delivery and Storling TT closes at Thor TT The run on the Territorial Bankierna company." rate on Shanghai is quoted at 70 Daily Vers), and was started by rumours

huddenly and unexpectedly (says the e nominal and on Singapore at 937 The

which had been in ciroulation for some time. One was that the bank was a sub- sidiary bank of the German Bank, and that the German Bank, were ing the Territorial to Enauce certain enterprises in the interior. Mr. N. E. B.Ezra, fore secretary for the bank, stated that list

Banks buying rate for 3ds, bills on

Shanghai is unchanged at 1

BANK) - Hongkong and Shanghais after small sated at 9725 have been done at $730, which rate few more might be obtained,

Mr. EW. Godfrey said the plaintiff was an iron shipbuilder and was engaged in England in 1911 to join the defendant He arrived on June 10th of that year, his agreenient being to serve the company for three years from the date of his arrival in Shanghai the

Course then rend portions o greeniency which he described as curious, and which provided, inter alia, nor at the termination of this agreement, shall second party (the plaintif in first

of

HONGKONG VOLUNTEERS

CORPE ORDERS BY LT-COLLAM CHEAPMAN, VA

LEAVE

NO 1728 Pto FA Perry is grant- ed four weeks leave of absence from the Colony with effect from the end

No. 1911 Pte,Trafford is granted.

Jeave of absence from the Colony from 1st June to 15th September 1010

MAKAKASAAN PARADES

Parades for to-day

Defaulters drill at Head quarters under Co Borgt. Major Witobell Recruits of Right. Sec tron M.G. Co. Squad Drill at Headquarters Artillery Battery Gun Drill at Gun Club Hill. Sergt. Bradley will attend. H.K. Men bers will patade at 5 p.m.. Sta. Forry Wharf Hongkong, and pro- ceed to Gun Club Hill by 3.5 p.m., ferry Gm-Scouts Co. No.

Section Squad Drill and Skirmishing on - Cricket Ground,

PAS DETAIL, ONS

CATARINE InsurancKs; —Unions have been reports of the bank's supposed connoc case) without the consent of th the 30 duty to night H.K.V.RS

sold from 9000 down to $985, but now close with buyers at 9890 Cantons re main with sellers at 8100, and there ate also sellers of North Chinas at Tis 175 and of Yangises at 8230 with exchange, 73

FIRE INSURANCES,Chinas are quoted nominally at 56 Hongkongs after sales at 8315 and 8370 close with a nominal quotatipir of 8270

SHIPPING.Donglases gradually weak: ened in the absence of business, to 8127 and 81873 and now close steady at about these prices with husmess done for Juls at 8130 Indo Chinas have been very, 14

active throughout the week and close with probable buyers at 8112 for the Deferred The Preferred remain dull with sellers

at 846 Steamboats after fair sales at 822

close with zellers at that rate filar Fercios have a nominal quotation of 836

OILEA small business has been done in Shells at De/ and then are now nyers at 95 Langkats, affce sales a Tis. 27, have a nominal quotation of Tis 27. Ural Caspanns havn weakened to 231-

REFINERIES-China Sugars have been n very inctive market and, with no basi aces to report, close with seller at 8102 Luzons are gasted 831 sellers and n transactions reported

MINING Kailans are quoted nominal

15 28% ex-dividend of her share Baubs ure 82.50 sellers and Trynous 3 nominal, with no business to report in either stock

party,

Cominence any such business on tion with the German Bank had even

or enter into the em reached London, where they bad heen de his own account, or

within 500 nied through the Chinese Legation Mployment of any person, persons, firm or Ezra stated that not only had the bank company in Shanghai or

of miles of Shanghai under a penalty no connection whatever with the German 35,000 liquidated damages. At the ter institution, but that it has no Germanations of this agreement, if well and capital or other German connection.

kai connected the barik,

any controlling interest, has givet rias to the report that the bank as begu backing the monarchist movement, that it has been paying money out to the Northern troops here, and that such pay

1

faithfully performed by the second party, the first party shall pay to the second party, if he leaves Shanghai, the sum of

450 in lieu of a return passag

Another sumour, and the one that doubtless led to the sun, is said to have been traced to u compradore of position and responsibility who it is alleged, hus When the service of the agreement was bad wonde risky speculations in exchange his service with the defendants, tacitly been circulating reports that the barik completed the plaintiff by continuing accepted an agreement increasing his There seems to be a well grounded in port that politics lip at the 100t of the salary by 850, and providing for two rumours which led up to the run, months notice of termination on either The report that the eldest son of Yuxu side. This was confirmed in a letter written on July 25th, 1914, in which was although he is not a director nor has be the following sentence: The allowance in lieu of passage to be paid on your leaving the company's employ

Under that arrangement the plaintiff served until the end of 1915 who, in December, he gave two months notice of his intention to leave the company's em- chance of the bank being refunded by theployment Sibsequent to his giving no- Government

tice he found there was some possibility of his joining the new Engineering & When an officer of the bank was ask Shipbuilding Works, and the whole point about these reports they were described a upon which the case rested was whether deliberate false statements circulates his joining those works, upon what was with malicious intent No money la temporary agreement deprived the been paid to troops, ha zaid, and Yuan plaintiff of the right, which he considered Shih kuis son lins nothing to do with the he had, to the payment of his return bank- no more than other investors in the passage to England enterprise. The better-class Chinese, this redcom their notes, it is mostly the more olicia continued, are not clamouring tra

ignorant class who are doing this an large depositors are not withdrawal

ments will be a total loss, as there is nu

whole issue was whether that agreement which was confirmed by the letter, of July 25th, was an agreement, as terms and restrictions pleaded in the defence, to renew the the old agree-

Orderly Officer to night. Lt. Weall.

AF CHURCHILL, Capt.

Adjutant, HRVO

HONGKONG POLICE RESERVE.

EQUIPMENT

Equipment officers are required to note that any equipment issued to their mer after the latter have appeared before the Board and obtained equip- ment tickets must be entered on both. copies of the tickets, dated and initialled.

MAN ARMLETS.

The Metropolitan Police pattern arm- lets with numbers attached, which are now being issued, are to be car- ried at all times and by all ranks when not in uniform. They are to be worn in case of necessity on the left sleave above the elbow ON

Platoon and Company Commanders and

Staff Inspectors are required to orca- sionally call for production of arin- Jets by individual members.

CANTEEN ACCOUNTS.T

Members are reminded that Cameen accounts for April must be settled dre or before Saturday, May 20th,

FC. JERKIN,

D.8.2. (B)

Addressing the Court for the defence, Mi Macleod submitted that the proper construction to be placed upon the letter of July 25th, 1914, was not that the allowance in lieu of a return passage should be paid in any event, but that the

arrangement between the parties at or on the plaintiff leaving the should be paid apon certain souditions. Henry Townsend, that under a detention

ADOCK WHARVER AND GODOWNA Hong their accounts rent, or whether it was an entirely new allowance mentioned in the agreement

kong and Whampoa Docks have been n quiet market and after sales at 810 elose with business done at 9108. Kot on Wharves have been done at 877 and

8771 Shanghai Droke, enit - "bugaDNÍ for Wharve have a nominal quotation of Thy

77 and Tis 08 rhspectively --- Lands, Hotels and BuildiNC®,*- C[h2

Par Estates remini eesellen Henz kung Lands are wanted at, 8100, with no sellers at the figure Hongkong Hot are ch offer at 81191 West Paints ar

WESTMINSTER TOBACCO CO., LTD.

Hongkong, 11th May, 1918.

BEER!

GER-BEER

RALPOKO-

A

LAGER STER

OBTAINABLE, EVERYWHERE.

SOLE AGENTS:

MITSU BUSSAN BAISHA

HONGKONG

Lou Horse Smert Int 230.3155..

1038

HE HONGKONG WEEKLY PRESS a

TORNA OVERLAND TRADE REPORT

Dow ready and contains

Far Eastern News

Hongkong

Far Eastern Men and the War Wedding of Chinese Aviator Contest with Submarine.

British War Charities, Canton, St. Paul's College Leading Articles -------

Developments in Hongkong. Tsingtao's Enture.

A Conflict of Idents

· Random Kofections,

The Recent Shipping Strike. Shipping Notes. Correspondence

Colonial Reformation:

Shares Indo C

Peking hotca

Compan

China

The boy

Peak Tram

Hongkong Tramway Co Wiliam Powell; Lid.

Passenger

Telegrams

The Trouble

in

China

The Law Courts

Local Sports..

Hongkong Dog and Cat Show

San Francisco and China Coast:

Hongkong's Food Prices

Our Patriotic Neighbours in Singapore. Opium Snuggling at Shanghai, Commercial.A

Extra Copia 20 ponta mach, Cathy

opies can be posted from this One

including postage 34

bonddress

Hong

slightly lower with cellers at Brand Humphreys Estates after sales al 8.00 and 88.90 have a nominal quotation of

COTTON MILLS Are quite unitered siner nur last report, RICA

TenorA DAN MISCELLANEDUR. — China, Borneos ~ m. main at 10 sellers, with buyers al 39.5 cumi, dividund... China, ~Light an nominal at 84.40 Elretries, after mics st 8474 and 847 close nominal at the latter pvice Hongkong Trams have been done at 2630 but close with sellers it this price. Cowests have been a ver dull. market, and, with little busineet done, lisyo atropped back tử a buying jjuota? tion of 89.09. Watsons have adanced- to 971 buyers, – China Provident have been done at 30, and more shares might be obtained "y

39 G

Whatever started it the fulse story sprend like wildfire that the bank was in solvent and large crowds congregated about the entrance, crowds largely made up of men with small amounta in notas; but including many with large sums, in cluding one foreign attorney, with P: cha Chess it Police in force guarded the doors, and it it had not been for them the bank would have been nobbedin

The bank was organized in 1914 and to hand offer is at Peking. It has many branches throughout China that at Shanghai having been opened in Dec 1914. 4 the most important. It is the first Chinese bank to dial in foreign change, and on the authority of Mr. Ezra it has had a most successful year and is about to pay n dividend.

_____BANK OF CHINA.

his

portion of the termination tended to remain in Shang

if

tiff said rettain Feds On

he in-

was

defendants employ and not on the "ox- piration of the agreement. L necesary therefore, on entering into a new agreement, that if he was to receive.

he left the coin the passage money

made worth his while not he would any a service, that should be cinted before the termination of the agreement Counsel thought that, for all purposes to interviewed Mr Burns as do necessary to the case, the statements of the inleations of the company At the the plaintiffs could be taken as accurate first interview

View Mr Burns evaded the t was quite clear that the money pay question and told him to come back ment in lieu of return passage was not mentioned except in the letter. It was again.. In two or three days at a second clear from that and the admissions by interview Mr Burns offered an increase Mr Townsend that, if he did not enter of $5 per month. This was agreed upon into a egitract with the New Dugintering, subsequently, with a provision of two

uthe notion of termination on either and Shipbuilding Co., Ltd., before he left the defendants employ, or at the wide, not by a definite acceptance by the same time, at any rate it was in the plaintiff, but by his remaining in the

minds of all parties that the plaintiff defendants' employ

was certainly going to do so and that Plaintiff allowed the defention money was why they refused to give him the to remain in the defendants hands until payment in lieu of return passage. March, 1913: he had no need of it then The sole question for them was what DECLINES TO AVAIL ITSELF OF had it was warning 5 per cent. In March construction was to be placed upon the ho asked for the money and received it letter of July 5th, 1 was a very mort MORATORIUM

with interest to date. Mr. Osborne, the letter and a confirmation of a verbais sceretary, i handing plaintif the cheque agreement. The last sentence he said of course you passage-money will mutter was obviously incomplete, fathe not, be paid until you leave our

ur employ “first place, the very words ....... the allow Plaintiff replied: understand that

ance in lieu of return passage could the end of hijs | noti Haye any mesning at all without

déten- | reference to the origin! agreement, After treeipt of this aws tho share on oney and his passage house, or Jacking at the agreement they found a. holders in the bank

Covenant restraining the plaintiff from 1 of 82,800,000 called a private

ontinued service with the company entering the employment of other persons January, 1916, having resignet in competing, and, obviously, - witle such a mbor, 1919. He had, at that time, clause in the agreemen, it niust be taken I decided to appoint, Mesara

be understood and contemplated that e no arrangements to go to any std; b White Cooper and T. Murakami as repr. sentatives ful trusizes ir Luer share

her employment, but in his letter gate the return passage was conditional apon holder while Mr. JH Teendale ra

reasons for resigning. Subsequently the plaintiff leaving Shanghai That was presents the depceitors and notebilder he was temporarily employed by the New the very essence of the arrangement. He ngineering and Sulpbuilding Co. He had was not only not to be paid if he to a considerable extens

taken the place of a member of the staff, remained in Shanghai, but he had to whiq had gone on haliddy

obtain the company's consent when he answer to Macleod (for the left them before he could enter the defence) plaintiff said the question of the employ of any competing company. payment of the massage money was not when the agreement came to an end. raised nasil the end of January, when he in 1912 the plaintiff approached the "went to get his last mont salary and, company and there was no reason for lieu of thinking that the Company would, ub ants paid his chat date, agreed to pay the man the *-:

levo. Nest Settling Day, Ma 90th,

YARN MARKET.

Blessrs Polishwalla & Kotwal,potton and yarn brokers, of Hongkong, their report dated May 18th, stato

has

Since the issue of our last circar on the 4th inst. the political posito. continued in lanch the same peurbed state as before, the presidential cestion being still in the mist; but the talent fluctuations which have mark the course of exchange have instilled little confidence in the market; inducing ealers to consider overtures for begin though the frananetic fo light have not encouraging

there is no

the

60,000 ba

med anyth like

the "naire of an acte and

burse, intance

erage,

met dealer intew Lies of exchang unsold stocks/

ARRIVALS, Bombay Hongkong Shipments from coast poris etc.

A Presidential Mandato was insu authorizing the Bank of China to stop payment of its notes and deposits for por arily in other words, to declare a anorg totium

erstood. CAZIOgreement he was enti

Tuital

ing on

Further, it was decided to instruct the Bank of Crina in Shanghai to continue

payment of notes and deposits asihbreto

comprary to the instructions received from other quarters, both shareholders

interest of positors

SHIPPING NOTES

the Maidauru Naval

as he expected, the allow

Passage moneyThe

salary, but refused pasange money. The r

zefusal was that they was not intending to lesy destroyer considered they need not

laid down with the money until he was about to "his destroyer, together hại He did not contradi

Lunched:

compi

Rethe Nex show that there were stat

man

to hear

of gister of

94 merchant gross under constructio Kingdom at the

Bowde

strmd from ended 31st att

of the

*£3000 for construction So now

bas Shghải Brighar

60,000 tons more than that hand at the end of the previo

but about 164,000 tons less than the tow a annage building

velve months ago

hre

Messrs Than

Biron: f

allowance in lieu of the passage money,

or the less he agreed to return to England.

plaintiff If his intention was not only to remain and in Shanghai but also to e enter the employ m the of a competitors there would be even less Shang reason for the employers consenting to

suing of the

such..

by he

endante Or

an exp

uilding in

they had that the agreement

ise, ha to find the meaning of the

them, submitted that the only interp did not require which could be given it was

If the

his

that

temen

On January passage money was to be p intiffs

rote to them again, stat- events contemplated in the ~

not to remain with His friend had

suggested longer. Ho did not temporary nature of the plaintiff's pre- stated in the letter seat employ made some.

left the efendants coul

rgo home. He had subm

on the 1

New Engineering arrangeme

pany in the second

that could

but he

Howe

plainti and $450, even if

nd the fem

mployment

«made ar

Bengal

Balesit

#22-$20 ne cul of life.

W100