1927-12-05 — Page 3

Page

ANCHOR BRAND PURE MANILA ROPE.

-THE CORDAGE "YOU CAN TRUST.”

MARINE SUPE

TRANSMIS-

BION

OF

POWER ROPE

CABLE LAID

HAWSERS

WELL

DRILLING

CABLES

THE HONG KONG DAILY PRESS, MONDAY, DECEMBER 5th, 1927.

ESTABLISHED 1854

BOPES OF ALL

SIZES FOR ALL

PURPOSES

AUSTI

ROPE

FACTORY

MANILA

#1

MADE FROM PURE MANILA

HEMP

MANUFACTUR-

ED BY THE;

MOST MODERN

MACHINERY"

STOCKS ON, BAND OF ALL SIZES ENQUIRIES SOLICITED.

FACTORIES:-MANILS "HONG KONG OFFICE:

F.L. KING'S BUILDING. TELEPHONE: OENTRAL 8163,

BANKRUPTCY COURT DECISION.

ADJUDICATION IN BANK- RUPTCY ANNULLED,

QUESTION OF "SUBSTANTIAL ASSETS."

STILL DULL.

MARKET UNCHANGED AND "YERY LITTLE DOING."

TRADE REPORT OF CHAMBER OF COMMERCE.'

Very little enquiry, market un changed, market dull, and noth

11

2

W

THE LOCAL SHARE MARKET.

MORE CONFIDENCE.

APPRECIATION IN VALUES.

Hong Kong and Shanghai Banks are skightly fruer in sympathy with the rise in the London price to £120.10 (middle), and small sales have been made -locally ·at $1,102/$1,133.

In their weekly review of the local share market, dated December 2nd, Messrs. Benjamin & Potts Sir H. C. Gollan, Chief Justice,ng doing, the usual stereotyped state that although business con- on Saturday decided an important phrases appear again in the latest tinues very restricted, there is a principle in local bankruptcy pro- fortnightly price current and deciated undertone of strength in ceedings.

market report issued by the Hong the market, and rates, in several in- In the case of Chan Ting Cheuk Kong General Chamber of Com- stances, have hardened. There (debtör) ex parte Ho To Shang, merce,

seems to be a feeling of confidence creditor, the Official Receiver appli

Dealing with imports, the report and more money is forthcoming for ed for an order annuling the ad reads as under;-

investment so the appreciation' in judication of the debtor bankrupt cotton goods:-Very little enquiry The market for rubber shares con Cotton piece goods and fancy values is likely to be maintained." on the ground that that substantial about and no bookings to report. assets for division among the eredi-The latest quotations are those of tinues to improve, and as a rule ∙tɔfs were non-existent. The labin the 29th ult. `Ez. Sakel. 17.85d. buyers predominate." ties of the debtor were 8163,429 with

Mid. Amer. "Spot" 10.928.

Cotton Yarn:-Since our last re- assets chleulated by Mr. Davidsea, port market has remained un- seliciter for the debtor, at 911,943.harged and only small cakes have In giving judgment, His Lord Leen effected, at a reduction of 91/5 ship said that Mr. Davidson had per- bale.

Nominal argued that the matter of insufi

quotations are 09 follows:- ciency of assets must be "taken to

No. have been concluded when

10.8165/195; No. 12a. the

$170/183; No. 168.8190/108; No. receiving order was made and that $195/200. Arrivals N. Ship- the question should not be re-open-ments 377. Sales 200 balea. Un- ed unless it could be shown that the sold stocks 3,000 bales. Bargains

10,300 bales. Court was misled as the time. Mr.

Woollens-Markes dull. Some Davidson hatt maintained that as enquiry for Union Coatings for there was no question of fraud quick shipment, bat poor booking having been practised on the Court

Raw Cottons:-Nothing doing. the previous order must stand. He

Metals:-Several hundred tons of had further stated that the sum of mild steel bars have been sold at $11,000 constituted substantial as-

Flour Market Report:-Stock: sers and that according to the true American, 100,000 bags, Can "UN AIR EMBAUME" interpretation of the Ordinance 120.000 bags: Australian, 10,000 substantial assets meant a sub-bags: Total 530,000 bags. Market Unchanged. Quotations: American stantial sum for division amoag Patent, 94.23-1.35 per sack; Ameri- the creditore whether the dividend can Straight, 83.05-3.33 per anck; payable to cash creditor be at the American Cut off, 83.05-3.60 per esck; Australian No. 1. 83.30-3.70 rate of 1 per cent, or a higher rate.

Hong Kong Trams changed hands per sack; Canadian Cus off, Mr. Davidson had gone on to add 83.05-3.20 per sack; Canadian at $20.10 and 820); Hong Kong that any creditor would, without dian Mixture, 92.90: Canadina and can now be placed at 2351; Straight, 83.00-3.03 per sack; Cana- Electries have been in good demand "Hisitation, accept 3 per cent, of his 2nd Clear, $2.80 per sack; Canadian debt in the bankruptcy rather than Low quality, 83.06.

Telephones closed appreciably high- get nothing.

Window Glass - Very

dull at $4. market.

RIGAUD, 16 RUE DE LA PAIN, PARIS.

NEW STOCK OF FRENCH PERFUMES.

"UX AIR EXHAUME"

ཝཱ

OLD

JUST ARRIVED.

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The first effect of Zam-Buk parts are soon covered with new herbal balm is to take all hear skin and made strong again. and pain out of the sore or ulcerated places. At the same time it allays the tormenting

Firritation and fallummation,

When Zam.Buk has thoroughly removed all trace of corruption and disease it proceeds to help Nature to build up new healthy tissue-cells, with the result that weakened once-discased

Being a refined herbal balm and free from animal fats and mineral drugs, Zam-Buk cdn

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Zam-Buk healing is truly described us the only healing that is natural and permanent.

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"SUBSTANTIAL ASSETS." Referring to the points raised by 30, Davidson, His Lordship said that he was unable to agree with) the contention that, the receiving order having been made and there being no allegation of fraud, the Court ought not to reopen the ques- tion of adjudication made on such receiving order.

$3.98.

1

Sugar:-Market quiet. Saltpetre:-Stocks 12,000 bags. Market still dull and no demands from futerkors.

BIG CHING."

NEW CUSTOMS CLOCK AT SHANGHAL

clock, will soon be in working order "Big Ching, the new" Customs

and will mark Shanghai's hours with its melodious chimes.

The exact diameter of the dials

"Unions were dealt in at $293 and $293); Cantons have advanced to 8846 and Hong Kong Fires to 2600.

Douglas Steamships have further risen and have buyers at 836: Star Ferries are likewise in demand and have advanced to 856; Kowloon Wharves are in good demand with buyers offering 8121: Hong Kong and Shanghai Hotels are higher and are now wanted at 88.60..

Hong Kong Lands have firmed up to 937) with no sellers in evidence: Realtys have spurted to 8ïj; Hum-. phreys were done at the improved price of 813, and have since risen" to $131.

Hong Kong Government Loans were placed at 3 per cent. premium.

Langkats (combined) at Tla. 19 mark a rise; Ewcs remain steady At Tls 7.20; Raubs are wanted nt 83: Hongkew Wharves have buy- ers at Tls. 137.

BETTY NUTHALL FILM.

NO ANNOUNCEMENT BY

PRODUCING COMPANY.

Interest in announcements that

As to the meaning of the words "substantial assets," His Lordship referred to a judgment by Mr. Jus- tibu Wood tha" in deciding whe- ther assets available for division among the oreditors are substantial is 13 ft. 6 in. and the Roman Miss Betty Nuthall is to appear in or not, the Court should have re- numerals" measure approximately a British film has been as much gard to the proportion born by the ft. in length so that the time manifested by the film trade itself liabilities of the assets in each case.

will be plainly visible at a long dis tance. The dials are beautifully

as by the public,, Where the expected dividend for designed, the spaces between the each creditor would certainly be a hour figures being glazed white negligible amount in each case it glass and the centres of flashed amber glass. The 'uhimes will sound would be a right exercise of dis for the hours and the quarters from cretion to refuse the order."

a.m. till 5 pm.,, after which time the clock will confine itself to striking the hours throughout the night. The bells are of tremendous size, the one Striking the bours weighing of tons and the quarters 9 owt.. 11 ewt., 16 cwt., and 1 ton 15 evt. respectively.

His Lordship said that, he was in accord with this view. It was difficult to lay down a principle for discussion on what was a negligible dividend and what was not, Each case must largely depend on its own circumstances but he was of opinion that a dividend amongst the credi- tors that at the most could only e at the rate of 7 per cent, could not be regarded as substantial asseta for division among the creditors. The adjudication of the debtor bankrupt. would therefore be annulled and the order made which was asked for by the Official Receiver.

:

AR. TUNG TAT HANG’S

BANKRUPTCY.

The only other business of im portauce before the Court was the application by the Official Receiver for adjudication in respect of the affairs of Mr. Fung Tat Hang.

Mr. Agassiz stated that the usual meeting of oreditors was held on the 29th of November and, after some opposition, a resolution. For adjudication into bankruptcy was carried by the necessary majority also the appointment of the Official feceiver ne truster.

Application granted.

OFFICIAL NOTICES.

Betty is young and highly popular girl, and there has been legitimate curiosity both as to the title of the film in which the will appear and as to the company pro- ducing it. One statement has been made that "a contract has been signed for her to appear in « British film which will be adapted from a well-known stage play." It has been stated that it will be produced in a studio near London, with a supporting cast of prò minent players.

Wardour-street, the film "Fleet street," however, does not yet ap- pear to have received any further. news.

In fact, inquiries were inade of the following leading British Elm companies as to whe ther they were the producing com.

any concerned:

fi

Gainsborough Pictures.

British International Pictures, British Instructional Films.

Gaumont-Britis.

W. and F. Films. Ideal Films.

F.B.O

Pathé.

Astra National. Stoll Film Company. W. P. Films.

Walsh Pearson.

New Era.

Napoleon Films.

TEN PER CENT. NECESSARY. Speaking generally with regard to any principle which might be generally applied in cases of this kind, His Lordship said that, whilst any decision must largely depend on the circumstances di each particular case, be thought The following official noticed re- that, ordinarily, no acts could be lating to bankruptcy are contained

In each case a definite negative considered a substantial unless in the current Gücernment Gazette: they amounted to capable of He the Wing Fat Cheung-Hop it appeared that approaches had was given, although in some cases securing a dividend of ten per cent. Kee of 394, Queen's Rond Central, been made to them. Tests were, in or more among the creditors.

adjudication into bankruptcy was Mr. Davidson applied for a sus made on September 19th and Mr. fact, carried out at the Geumont pension of the order, as certain Chow Sui Fan, of 22, Connaught aegotiations were being made for Road West, was appointed trustee. A later inquiry from the firm of the assets to be made up to the Re Tong Kin, lately trading as W. P. Films, a new organisation, umount necessaT}",

Kin Sang 8.8. Company, of 201, which recently His Lordship: I must say that 1 Wing Lok Street, WestWednes- Fake," brought a new statement don't like this bargaining with the day, December 7th at 10.30am. that an announcement might be Court Have you any objection, has been fixed for the first general made to all the newspapers." Mr. Official Receiver.1

meeting of creditors to be held at The reason for mystery in auch Mr. E. G. Agassiz (Official the Official Receiver's Office. Credia simple matter is not clear, Receiver) thought that it would, be tora will be asked to consider whe

Mrs. Nuthall, questioned in re-

Studio.

3

produced "The

to the benefit of creditors if the ther debtor shall be adjudicated gard to the film, anid there were amount, was made up. He had no bankrupt. objection.

Be the Chun Long firm of 165, no further details available at the His Lordship Very well then, Queen's Road, Central-Thursday, moment. She could not give the but I don't quite like this waiting December 8th, at 10.30 am, has name of the producing company, to see which way the cat jumps first, been fixed for the first general meet- but it was a well-known one,"

Order for suspension of judgmenting of creditors to be held at the Miss Nuthall, has, of course, ap- for a fortnight was made to allow Official Receiver's office. Creditors peared on the screen already: in a renewal of Mr. Davidson's ap will be asked to consider whether Pathé Gazette study, and in plication.

debtor shall be adjudicated bank series of studies made by the same (Continued on next "Column.)

rupt.

company.

~A_THRILLING #romance of the Canadian North-

West Mounted Police-

JAMES OLIVER: CURWOOD'S Thal

The FLAMING FOREST.

with

ANTONIO MORENO & RENEE ADOREE

AT THE

QUEEN'S

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AT THE

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A racing romance from the story of Gerald Beaumont-

THE RAINMAKER

with

ERNEST TORRENCE WILLIAM COLLIER, JB.

GEORGIA HALE

WORLD TO-DAY ONLY

Orchestra 5.15 & 9.20.

The comedy of a jilted young man who sets out to marry the first girl he meets--

RAYMOND GRIFFITH

-In

A

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