1927-11-01 — Page 4

WE ALLOW

10%

DISCOUNT

FOR CASH

SOCKS

Socks can be bought almost anywhere, but many well dressed men always eme to us-not only because we have a high class selection, but for the comfort and hard wearing qualities they possess.

There is no need to have socks a little too large or a trifle too small, as our socks range in size from 9 to 12 inches, and for enduring comfort and aneat, dressy appearance they cunpot be surpassed.

Priced from $2.00 per pair.

THE HONG KONG DAILY PRESS, TUESDAY, NOVEMBER 1st, 1927.

Mackintosh

MEN'S WEAR SPECIALISTS ALEXANDRA BUILDING.

& Co. Lit

DES VOEUX ROAD

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HONG KONG.

AFFAIRS "OF THE CAFE PARISIEN.

M. DURAND'S. LONG SUCCESSION OF FAILURES..

A BOILER TUBE CLEANING MACHINE THAT NO ONE

UNDERSTOOD.

In your statement of affairs you “SUNNING" OFFICERS valus it at $18,000 ?—Yes.

Do you seriously consider that there is the slightest possible

HONOURED.

chance of selling it at that I PRESENTATION IN SHANG- could be sold if people would only

HAI TO MESSRS. HURST. understand it. It is the only ́in-;

AND CORMACK, vention of its kind in the world.

Have you had any enquiries |

MADAME FLINT EXPLAINS HER LOSSES. about it-Yes, I have had one APPROPRIATE SEQUEL TO A

Monsieur J. L. Durand and Madame Filme nnderwent a severe examination by the Official Receiver (Mr. E. L. Agassiz) yesterday, at the Bankruptcy Court in connection with the failure of their joint business the Cafe Parisien, the Europe-Asin Trading Com pany, the Beauty Parlour, Au Chie Parisien, and a grocery shop in Tre House Street,

Monsieur Durand admitted to a long secession of failures ever since he came to an agreement with hir Saigon creditors five years ago and migrated to Hong Kong. The Official Receiver maintained that the losses came to $216,000 but M. Durand replied that assets worth $200,000 had been sold for $15,000.

."

He had spent from $16,000 to $20,000 on machinery for cleaning." ship's boiler tubes, from which the proceeds were wil. He put its value at 216,000 and the Dock Company put it at $143.

:

Madame Flint said that from the time she moved into the Pedder Street buildings things went wrong. Before that rhe had carried on business here, successfully for 20 years...

Both debtors were questioned at lengtli with regard to money. received from the estate of the late Mrs. Stephens.

^^

Money From Mrs, Stopbens. You and Madame Flist bad al-

The public examinations were concluded.

Mr. D. H. Blake was present as | representative of the interests of the estate of the late Mrs. M. 4. D. Stephens.

Asked at the conclusion of the examinations of debtors, whether he had questions to ask, he replied in the "negative.

A Business Jenah?

M. Durand and he was a French

together from Mrs, Stephens a sun: of approximately $105,000 7-Yes.

His Lordship-Was it adsyneel on account of the cafe 1-It was in connection with the opening of this cafe. We invested about $33,000 in

the cafe.

|

enquiry.

The Dock Company take a differ- ent idea of the value?—Yes, I know,

Do you know that they value this. machinery at 8143 ?—I have nothing

to say about that...

Which is the most reasonablę estimate, 8143 or, yaur's of 813,000 } His Lordship:-That' is the dif ference between selling it as scrap iron and selling it as usable ma- chinery-Yes.

Only Man Who Understood,

His Lordship remarked to M.

Durand thas it seemed to him that

M. Durand was the only man who understood the machinery.

|

GREAT EPISODE."

A gathering of insurance and shipping men attended a presenta- tion ceremony on Tuesday morning at 11.30 o'clock in the oflices of Messrs. Beck & Swann, Ltd., 17, The Bund, when the Shanghai Marine Underwriters' Association

showed its commendation of the

heroic services of two mercantile marine officers, Mr. Joseph Stewart

WAA

Hurst find Mr. Georgs Cormack, who wrested the str. Sunding from pirates last November, Mr. Hurst, who

Second M. Durand replied that that was Officer of the Sunning, received a true. Engineers could not under fair of binoculars and a cheque for stand it. If he could only makes. 807.73 and Mr. Cormack, Chief, the Chinese people understand it Engineer, received a gold watch and they could have a very big com- chalu, the gifts being engraved from the Shanghai and Hong Kong Mr. Agassiz:-Well, I hope somë. day you will be able to do so nition of heroic conduct in the str. Marine Underwriters In recog

pany.

Durand.

In your assets you put dowa Nanning piracy in November, debts due to estate $23,0.0~Yes.

1926. Another officer, Mr. «T. P.

What is that?

31. Daraad: They were hands | Beatty, who was Chief Officer of Laught by Madame Flint along the Sunning, will receive a teles time ago.

scopy and a cheque for Tis. 480.83

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&

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قیم

in Hong Kong in recognition of S. MOUTRIE & Co., Ltd.

M. Durand went on to speak of his part in the episode. being approached by people in

Canton for the supply of motor The Chief Engineer. Mr. Car- Mr. Agass-on particulars cars and taxi cabs. He advised mack, was, wounded during the

include a workshop and repairs

subject and had been in.. Hong! I have here, it is stated thail them to elitnin at leas: 8400.000, toght aboard the ship, it will be! Keng for five years. He had pre- $196,773 was advanced to Madame He had done everything for the remembered, and spent some time. viously carried

business in Elint, and $40,000 was advanced to Taxi Cab Company. Two days be in the Government Civil Hospital Saigon. Before leaving Saigon he you. You say. I understand, the fore they ordered the cars he did in Hong Kong At present he is

all the work himself but they took

the business off him.

on

came 'to an arrangement with his the 840,000 was a present to you?n creditors. His liabilities, were then Yer 217,000 and his assets 13,000.

At Hong Kong he was first em- ployed in the French department of Messis. Britto naid Co., the im- port and export firm. When he had been with them for a few months they went into liquidation. He then joined Messrs. Lee Pak & .Co., and after being with them for six months, they also went into liquidation.

Chief Engineer of the Wenchow."" Mr. E. C. Emmett, of the Insur

Depart alot of Jardine, Matheson & Co., and Chairman of the local Marine Underwriters'

#ner

In January a fire occurred at the Do you suggest any mason why Pedder Street premises and the total amount of insurance money Mrs. Stephens should take you pre-paid was $72,000, of which they seats of these amounts?--Because received $27,000.

He agreed that the total per- I was looking after the affairs. sonal expenses for himself and Association, presided at the pre- Besides Madame Flint was the Madame Flint from July 1921 to sentation and made, the following! nurse of Mrs. Stephens, and I had] September 1927 were $17,000,

He had remitted to his wife and to inke the place of Madame Flint.

family about $2,000. You think that was the reason for advancing you 840,000 - think so. You know, of course, it is denied that the money was a gift; and

remarks:---

Our gathering to-day is for t He affirmed that all Mrs. purpose which is without precedent Stephens' money had been put into in the annals of the Shanghai the business

After that he commenced business Yes are being sued for it in business amount to $216,000; That is primarily to lo honour to

others.

"

Victor Distributors.

The New Orthophonic

Victrola

PIRATES BAULKED.

ANOTHER ATTEMPT ON THE "SHING ON."

TWO ARRESTS MADE. ·

Mr. Agassiz: Your total losses Marine Underwriters' Association. I am in the same position as don't they?.

M. Durand: We had property

the men who so bravely re-took the worth over $200,000, but how can str Suaning from the pirates who Losses On The Cafe, Mr. Agassit:-The cafe has been run at a loes ever, since it was opened-I don't think we have lost a lot, because when we applied for a petition in bankruptcy, we had about $200,000 worth of furniture money-and-grods

Apparently, the pirates who loot- we do anything if it is sold for captured her while bound from ed the 4, Shing On in the early nothing

on his own as the Europe Asia Trading Co., taking an office in the -Hong-Kong-Hotel-building He was the sole proprietor. In this business he invested all his savings amounting to $2,000 or 83,000. In that liness he made enough

to pay his expenses.

Partnership With Madame Flint. In May 192 a certain partner ship arrangement was made between himself and Madame Flint.

Mr. Agassiz:-There Way vriginal agreement under which you were to be admitted as a part aer in Madame Flint's dressmaking. business, she taking 5/6th and you 1/0th of the profits Yes.

She had an old established dress inaking business which she had ear- ried on for 25 years ----Not much as 25 years. Maybe about 12 or 15

years.

The Kodwill of that business was of very considerable value at that time It was about $20,000 at that time,

Madane Flint was a considerahle apset to the firm 7-Yes.

How long did you entry on under this agreement?--About one and a half years.

The agreement was not varied until another agreement of July 12th, 1926, under which the part nership became equal and you to have an equal share 7-Yes. '

Why

that WA

arrangement made 7-At the time Madame Flint wanted to go Home and I was going to take the responsibility for every- thing.

+

Your dens of your assets were: Saaughai to Hong Kong in Noveni- part of last month was not satished optimistic, were they not!-At the ber last year. Secondly, to ask with their haul, for another at- time we go hankrupt our assets them to nerent mementos of that tempt was made on Saturday morn. * were over $20,000 and our liabili occasion. with cheques for the ing ties. They sell us out for aliout balance of the sum subscribed by $15,000 Everything valuables Companies, members of the Hong |--The Shing Or, it may leg rönen" His Lordship: Is the cafe still sold before a creditors meeting Kong and Shanghai Associations. bered, is a Chinese vessel on the being run 1

Was it not much better to appoint In singling these men Mr. Agassiz:-No, my Lord, ita manager instead of selling every honour and special recognition of here on Saturday and after She bad. out for Hong Kong-Wuchow run. She left is closed.

thing for nothing?

their bravery, I am sure that you Mr. Agassiz: suggest that theThis closed the public examina will agree with me when I ex passed Wangmoon, the entrance to cafe has never paid agree. Fo. tion of Monsieur Durand. three months we had no livenee. – I? M. Durand (to His Lordship): Pres the opinion that many of our the West River delt, several mera. I should like to explain why we gerous China Coast would have hers of the crew asted in a s senfaring men serving on the dan went into bankruptcy. I should neted in a similar manner, in picious manner. Two men belong like to apply for discharge right similar circumstances, if the oping to the food stalls were placed itself, but it must be borne in mind found by the ship's Chios watch- portunity to do so had presented under observation and they were that the methods adopted by these

you have no wines how can you make money

Yes, I thiük there was some trouble with the polite?-Yes. It was cut off for three months and we lost a lot of money.

I am going to put it to you that the total loss on the cafe from July 1927, to September 1027, exclusive of the sent, was $77.0007-Nearly, at the lors of the licence should

counted.

Mr. Agassiz-Even after the Teence was renewed the gate fail ed to pay -The last month we were In we unde$11,700,"

Mr. Agassiz-The receipts for the month of August, your last

mouth, were 80.077-Yes.

And your total expenses for that month were 810,877 for the cafe Yes, but I don't think that is only for the cafe.

His Lordship:--But still there was a small loss 1-Yes.

Mr. Agnasiz: With regard to the Beauty Parlour there was a loss ni $3,214 1-Yes.

f

The Au Chie dress making busi- "Did Madame Flint go Homeness in Pedder Street, from Janu- No. She did not go on account of

ary 1926, until snuary 1927, shows trouble in Shanghai.

a prost of $3,1497-Yes. For the conditions in Hong Kong it is quite a success.

When

When you first went into part nership with Madame Fnt, where was her business being carried on? -In Queen's Boad. D

You subsequently moved into China Building 1-Yer-on the fiest floor.

You then moved again to No. 12. Pedder Buildings-Yes, and that cost us about $20,000.

We started other businesses on these premises. We had five busi ness altogether.

ฟอง

the grocery shop opened 1-About ten months ago,

As regards the grocery there was) aloes of 39,700 7—Yes.

Because you had taken premises You had, I think, an exhibition Loo big for you, you were more or hat Kowloon Dock?-Yes. less compelled to open this enfel- So far, I think only one ship's Yes..

boiler tubes have,

away.

Sir Henry Gollan: Well, I am

afraid you cannot.

M. Darand: I am very soITY,

pirates on the coast are such as to men interfering with the engine Madame Flint's. Evidence. make organized resistance difficult, room. They were surprised, jump- The public examination of if not impossible, and the ship once ed overboard and were lost to view. Madame Marie Flint was then pre-in their hands, I imagine the Two others were arrested and hand- ceeded with.

chance of her recapture very rarely ed to the authorities at Wuchow.

riscs.

You had 20,000 frames worth of Bonds which you purchased out of your profits-Madame Flint:- Yes.

From another soure we "Tetorn that seven men attempted to board the Shing On from a junk while the vessel was nearing Mah. Ling. Two shots were said to have been fired across the stern of the Shing

not

Madame Flint told the Court' that she had carried on her own Bravery By No Means Rare. business in Hong Kong for nearly

I like to feel, however, that in 20 years at different addresses, and honouring the officers of the str. her average profits were between Sanding, we are paying tribute $10,000 and $14,000 per annum. to our Mercantile Marine as On, but owing to the strong wind whole, seeing that deeds of bravery blowing at the time and wash of among them are not by any means the propellers, these were scarce, as we residents in the Fir heard The pirates then adopted East have Mr. Agassiz: Why did you take kuow.

particular reason to other tactics. They pretended to M. Durand into partnership when

want a passage "and "asked to be I think the mementoes we are taken on board. you were doing successful business

The Shing Ou alone?--I had known him for 28 giving to the Officers will be stopped and the pirates clambered years and wanted to extend my cause of their intrinsic worth, but to this version that suspicious were specially valued by them, not be on board. It was then, according business.

in view of the fact that they are aroused, and two of the alleged from Why did you move China Building Because my cus Association fumbering among its others being arresteil.

thë

presented by an Underwriters robbers jumped into the water, two. tomers complained that the lift was always full and very often than 12 countries who, whilst necer beyond a report brought in yester members representatives of no lewer No details had been received hore there would be 150 and 200 cooliessarily differing in their characteris day if other vessels on the same outside my door.

ties and view points, ar all united run. It was after you moved into in their admiration of brave deeds. here in a day or two, when it will The Shing On is expected Pedder Buildings that you began |

Coming down to more prosaic be possible to get further parti to get into difficulties ?--Yes.

You had known Mrs. Stephen considerations, the members of this culars.

Association are vitally interested

for many years -Yes, ever si

When you went to live with her

1

in the prevention of piracy and ather perils of the sa, and wel

The Officers' Thanks.

An Unappreciated Invention. Then you acquired a machine fo.she came to the Colony. eleaning put ships' tubes?-Yen

she was not well-Mrs. Stephens come any effort made to this end. You brought that out here and

I was on Home leave when the required constant attention. She

We are sorry" not to havë “Mr. think it was with the Hong Kong asked me to give up my liusiurss tounning piracy took place and the Beatty with us to-day, but his and Whampoa Dock Company that live with her. I wish I had. Iarrangements in counretion with the duties keep him down South, and The premises in Pedder Building you got certain additional accen gave her so much attention that presentation have been left in the the Hong Kong Association is thus were very inneh too big for you 1--|sories which cost about 81,800 had no time to devote to my capable hands of Mr. W. Wake afforded the opportunity of joining At that time, yes.

Yes,

business,

ford Cox, manager of the South with us by making the presentation Mr. Stephens helped you finan-British Insurance Co. Ltd., and to him. Fortunately both Mr. Mr. T. A. Clark, of the Union In- Hurd and, Mr. Corinack are able cially, I believe --Yen.

Did you hold a power of attorneysurance Society of Canton, Ltd. to be with us, and I have much

of attorney.

an expression of appreciation for tions to them. I may mention that You have heard what ..Durandthe satisfactory way, in which then the recipients have chosen their has said about your businets under-gentlemen have dealt with the own mementous. Our best wishes, takings1-Yes, everything that: M.matter.

for their future welfare and success Durand has said is true.

There has necessarily, and for go with the gifts. You have an account at the Char- various reasons, been a long in-

Following the presentation the tered Bank, and your business as terval between the actuat happen two, officers expressed their grati- count was with the Europe-Axining of the piracy and this gather-tude to the Marine Underwriters” Bank. Have you any other acing, but the gallantry and courage Association. Mr. Hurst remarking counts beside these twol-No. shown will be still fresh, in your modestly that anyone in the same

This closed the public examina- memorie

eircumstances would have done the- same.→V-C Daily Neig

-When was the cafe opened ?-Oi Yes, because been cleaned? from her Yes, held her power and I am sure you will join me in pleasure in making the presenta,

July 4th, 1926.

And the Beauty Parlour -A nearly the same time.

M. Durand went on to say that they also had Au Chic Parisien and the Europe Asia Trading Co. The Trading Co. had done no business sinen the strike, the

You had a grocery shop at No. 11, Ice House Street 1—Yes, we went to considerable expense.

a"long time in making people understand the process

The amount you have spent on this machinery and air compressor is 813,1081-I think we have spent more than $20,000 on this, or maybe $18,000. A

And what were the returus for that machinery They were all but of course we have not started

yet

الله

tion.

(Dontinued on next Column.)