1930-03-28 — Page 12

12

PILSENER BEER

MADE IN

QUALITY

SUPERIOR

ZEBRA PILSENER

BEER

LIGHT PALATABLE

AND

REFRESHING

An ideal Drink for

"the Summer.

Sole Agents: Gande, Price & Co., · Ltd, ̈

No. 2, Ice House Street,

Tel. C. 135.

TONG KONG,

HONGKONG HOTEL GARAGE

"

BUS SERVICES

ON AND AFTER THE 1ST APRIL, 1930, MONTHLY TICKETS WILL BE INTERCHANGEABLE OF THE TAI HANG/KENNEDY TOWN AND UNIVERSITY

ROUTES.

MONTHLY TICKETS: $10.00 EACH

MOTOR SHOWROOM, BE OBTAINED AT THE QUEEN'S. ROAD CENTRAL.

CAN

THE HONGKONG & SHANGHAI HOTELS, LTD.

THE HONG KONG DAILY PRESS, FRIDAY, MARCH 28,

“BLUEBIRDS" IN LONDON.

NEW SCHEMES FOR AERO- PLANE PURCHASERS.

That the time is rapidly ap proaching when people will take to the air as an every-day mode of transport, is evidently the expecta- tion of Messrs. Auto-Auctions, Limited, the sole world distribu- tors of Blackburn "Bluebird" light aeroplanes, who have now decided not only to hire-purchase machines, but also to give a de- finite undertaking to re-purchase if their customer is only likely to be in the country for a few months. This is really an extension of the schema which they originated and have operated so successfully for ten motor-cars during the last

years.

KING EDWARD HOTEL FIRE ARBITRATION.

1930.

TWO PARTNERS REDUCED TO BANKRUPTCY.

HUGE LEGAL COSTS AND AN

ABSCONDING PARTNER.

Two former owners of the King Edward Hotel were examined in bankruptcy yesterday before. the Chief Justice (Sir Heary Gollan), and explained that their position was due to heavy expenses in arbitration proceedings and to an absconding partner, who obtained the balance of the Insurance, award and went off with it.

His Lordship expressed surprise at the figure named for junior counsels' fees.

DEBTORS' STORY OF ILL-LUCK.-

The public examination was con- Answering other questions, debtor ducted by Mr. E. P. H. Lang agreed that something like $30,000 | had been paid out by the solicitor on the (Acting Official Receiver). Creditors during the twelve months he had The re-purchase terms "Bluebird" are 10 per cent, of the present were Mr. Wilkie Lum, ofcburge of matters. Speaking about new list prices for three months, the Wing On Co., Ltd. (petitioning several items paid to one of the partners, debtor commented that and 65 per cent." for six months. creditor), Lai Hoi Sang and Unsuch payments could not be fairly

other periods can be arranged on a sliding scale.

"Bluebird" can be inspected

Pak Loung.

Taung Fu Kwong stated that he was one of the partners in the

at their showrooms in Burlington ayndiente which took очег the Gardens, London, and a trial flight business of the King Edward Hotel enrried out from their Aerodrome at Heston Air Park, which is about on August 6, 1923, for 880,000. Debtor's own, share was 895,000 re- twenty minutes from London.

presenting his own money and 810,000 which he borrowed from his friends. Tseung King Kwong and Yu Shiu Shan, two other partners, subscribed 840,000 each.

this The general details of machine are now known to most, but it is still the only British light aeroplane with side-by-side seating, and of metal construction through

out.

Debtor mentioned the names of

made to one partaer when there were others in the business.

The Official Receiver: You as a

business man accepted that com paratively small sum without ask. ing what had becouse of the balance-I supposed the solicitor to be trustworthy. I don't knoyr much about things, or what was meant by it. I asked the clerk several times.

President Liner

SAILINGS

Weekly Trans-Pacific Service

To San Francisco and Los Angeles

To Seattle and Victoria'

The Sunshine Belt via Honolulu The Short, Straight Route to America

Portalgally waliings on Tomlips Fras, Jafarson...Taas., Apr. 8 Pros, Lincoln...Tues., Apr. 23 Pres. Madison..Tues., May o

**Fortnighly saliings on TuesdRTA

Pres. MoKinley Tees, Apr. 1.9 a.m1. Pros. Grant Tues., Apr. 15 Pres. Cleveland...Tuse., Apr. 99 Special through rates to Europe via United States Direct across United States and Canada, liberal stop-aver privileges for sightseeing,

£120, 112 tons with all Atlantic lines. Choice of rail lines

Europe and New York Direct

.. ROUND THE WORLD

fortnightly sailings on Sunday via Manila, Strnics Colombo, Suez Canal, Alexandria Naples, Genoa, Marseilles, New York and Borma

Sun, May 4,8 m. Pres. Van Buren Sun. Apr. 6, 8 am. Pres. Polk Pros. Garfeld...Sun., Apr. 20, 8 am. Pres. Adams Sun, May 19, 8 a.m.

1)

To Manila

**

Pres. Jefferson.. Mar. 2, p.D.” Pres. Lincoln., Apr. 19, 6pm.. Frea, Grant......Apr. 8,6pm. Prea. Cleveland.Apr 22, 6 p.m.

DOLLAR STEAMSHIP LINE

AND

AMERICAN MAIL LINE

:

CANTON BRANCH, SEA Kat Szasz.

The cheque was paid to the three LLOYD'S REGISTER. partnera-It was handed over to Yu Shiu Shan.

strong appeal, particularly perhaps other small shareholders and the ing Yu Shiu Shan, debtor and his

There is no doubt that the re- purchase facilities will have a to Colonial visitors who require to cover not only England, but, a good deal of the Continent as well.

CREDIT FONCIER D'EXTREME- ORIENT.

MORTGAGE BANK AND ESTATE AGENTS.

"PEAK MANSIONS - Six-roomed & Five-roomed Apartments.

PRINCE EDWARDISOAD, KOWLOON,

Detached and Semi-detached Villas Modern Construction with Garage.

BUILD

UNDIVIDED

FOR

"CAMBAY BUILDINGS" Flats with Modern Conveniences

RESPONSIBILITY.

LET US INSTAL

YOUR

AIR CONDG PLANT CENTRAL HEATING.......... FIRE FIGHTING EQUIPMENT SANITARY INSTALLATION WAYGOOD OTIS LIFTS ELECTRIC INSTALLATION

· DECOLITE FLOORING.

RU-BER-OID ROOFING

METAL SHOP FRONTS

OFFICE EQUIPMENT

ELECTRIC MACHINERY

REFRIGERATING PLAN

POWER PLANTS

PUMPING PLANTS LAUNDRY EQUIPMENT COOKING APPARATUS

· ESTIMATES FREE.

DODWELL & CO., LTD.

PHONE

1080

28021.

"QUEEN'S BUILDING.

amount of their contributions. He could not remember more because the books wera destroyed in the fre. He went on to say that no partnership agreement was drawn up, but he had intended to have the business registored as a limited company and had accordingly in-

structed a solicitor.

The Official Receiver: When you took on the partnership were you under the impression that it was a going. concurn!-Yes.

Did the business pay while you

had it ?—Yes..

Liabilities $45,000. "Debtor continued that when the petition was filed, his liabilities amounted to about 845,000. The

assets could not have been more than 8,000 or $3,000. He also owned a house in Causeway Bay, but it was secured on two mortgages for $13,000.

The Official Receiver: Do you know that thap house has cow been sold -No, I have never been in- formed nor did I see any adver tisement in the newspapers to that effect.

Third Partner Bolts. Witness, went on to say that the next day was a Saturday. On see- other partner were informed that the cheque had not been cashed owing to the Bank closing carly. It was suggested that the matter be left over until Monday. This was done, but in the meantime the debtor had absconded with the pro- ceeds. A report was then made to the police.

WITHDRAWAL OF SUR VEYORS FROM RUSSIA

PASSENGERS.

Arrivals.

The following passengers arrived yesterday by the 8. Rajputana. from London.;-Mr. E. Carpenter, Mr. K. W. Andrew, Mr. and Mrs. An official statement in the folJ, MdLellan, Mr. and Mrs. W. E. lowing terms was issued recently by Lloyd's Register of Shipping:

Goldsmith and child, Mr. F. Aus- tin, Mr. and Mrs. E. H. Sibley, Mr. T. P. Saunderson, Mr. W. G. "The fact that the Committee of C. Robinson, Miss J. P. McKay, Lloyd's Register of Shipping have Mr. W. H. Lawrence, Miss I. H.

Price, Mr. M. W. Turner, Mr. G.j arranged for the society's survey. Stable, Mr. W. E. Wallund, Lt.- yors in Russia to be withdrawn Co. and Mrs. H. W. Russell, Lt. from that country appears to have M. Doddington, Chief E. A. Coyte, given rise to some misunderstand. Mr. E. V. S. Smith, Mr. and Mrs. ing on the subject.

Asked if he had seen the abscond- ing partner again, debtor said that he had not. However, a few days ago debtor was told by the police that they had reason to believe that the

The Committed therefore think man was in Hong Kong, Debtor

it desirable to explain that the also heard that Yu's family lived withdrawal in question has been at Shelley Street.

The Official Receiver: You say that you have nothing at all but

no other assets.

W. C. Gee, Lt. Comdr. Chisholm. Batten, Baroness Sadoine, Mr. B.. Brind. Mr. H. B. Clark, Lt. W. G. Huslewood, Mr. H. Firth, Mr. A. Davy, Mrs. C. V. Hemmans, Mrs. decided upen in the ordinary H. W. Harms, Mr. J. D. Adams, course of the society's business, in Miss C. P. Anderson, Br. G'W the one-sixth "share in the land at consequence of the approaching Wallis, Mr. T. E. Hodge, Capt. completion of the series of vessels, and Mrs. E. F. Maude, Mr. and Ping Chat and 81,000 invested in the restaurant-I have absolutely the construction of which the society Mra A MacFadyer and Miss F. agreed to supervise with a view B. MacFadyen; Mr. and Mrs. A. The creditors present having no

te their classification in Lloyd's O. Saku. Mies L N. Long, Capt. G. L. Massey, Mr. and Mrs. F. E. questions to ask, the public ex-

Register Book. amination of this debtor then

"A number of vessels have alcoh, Mr. H. D. S. Page, Mr. and Mrs. A. J. Shannon, Miss C. Shar- closed.

ready been completed and some ofron, Miss M. Shannon, Mr. E. U. the purveyors have already been Selous, Mr. E. B. Wakefield, Mr. withdrawn, and when the whole of F. A. Merry, Mr. E. H. Noel. Mr. the vessels are finished the remain and Mrs. J. M. Booth, Mr. G. S. ing surveyors will also be with Steven, Hon. C. A. Chubb, and draw. The decision of the Con- Miss K. E. Wallis. mittee in this matter has no politi- cal significanco whatever."

Another Debtor's Position. Tseung King Kwong, another partner, stated that he had a share of $10,000 in the syndicate which

took over the business.

Asked where he had originally obtained the money, debtor said that he had previously been in busi-

The above official statement is the

What would you say the value of that house was I have no idea, but I paid $14,000 for its erection.

You would not be surprised if I say that nothing over and above the amount of the mortgage bas been raised I can't say anything.

of the Receiving Order he had any When the Soviet Government de Questioned about other invest-

property in Hong Kong or that he cided four years ago on a chip- ments, debtor said that he, con- tributed 2300 towards the purchased interests in any firm at the building programme mainly of car

ness in Cuba for three years. Dur first official reference which has Messrs, KOMOR & KOMOR ing this time he saved over $30,000 been made to the withdrawal of the which he brought to Hong Kong, surveyors of Lloyd's Register from

of

Debtor denied that at the time Russia."

EXHIBITION OF

PICTURES

BY

Miss ELIZABETH KEITH

COLOUR PRINTS,

present time. The only assets he piece of land at Ping Chau

go vessels, including some for the in order to help distant relative

bad were 8300 lent to friends, but timber, trade, arrangements : were he was doubtful of getting it back made for the more important of who was interested in the lime busi-

as the loans were very old. ness Debtor had no share in the

the ships to be built under the Questioned as to his drawings supervision of surveyors to Lloyd's business, and he understood that the land was rented out at the rate formed, debtor agreed that be had might receive the classification of from the partnership since it was Register in order that the vessels of 8500 a year. Delitor also admit received only about $800, as in the the society. As this building pro- teil that he had a $1,000 share in a restaurant at West Point.

case of the other debtor. This was gramme is now being brought to a Debtor agreed that although the in the nature of wages. He had cse about two dozen vessels are SKETCHES & PAINTINGS. Hotel business under their partner. not received any cash out of the known to have been built under the ship was insured for $140,000 the profits. The business appeared to supervision of Lloyd's Register CHATER ROAD NEXT DOOR stock and fittings were not actually be a profitable one.

the surveyors are being withdrawn, worth this amount. Asked a to On being asked further to state and when the last of the four re- To Messrs. Mortein's Music STORE, the amount of the insurance award, the amount of the profits, his Lord maining vessels to be built in ne debtor said it was 839,000. The ship, remarked that the witness cordance with the programme are partners were not satisfied with the would not be in a position to give completed the last of the surveyors are to leave Russia. There have settlement, but as they were advised this, because the partnership only that legal proceedings against the lasted from August to the following been in Russia during the last four

March. underwriters would be very costly,

years six surveyors of the Register, they were obliged to keep quiet that he had known Yu Shiu Shand in the north and Nicolaief in Further questioned, debtor said who have been stationed at Lenin- Heavy Lagal, Disbursements.

for a short time before going into the south. Debtor, ia, answer to other ques- partnership. He did not know tions, mid that the partners left where the man was at the present The arrangements entered into the matter in the hand of Mr. Leo

time, nor had be seen him sizce he with the Register have enabled a d'Almada, who appointed the three absconded.

number of the ships, to be accorded) counsel to represent their interests The Official Receiver informed his the classification of 100. A1. The at the arbitration.

Lordship that he would not go over the ground covered by previous wit seas and the examination closed.

The creditors were present at this examination and had no questions to put to the debtor.

Mr. J. T. Prior (of Messrs. Wil- kinson and Grist) was present at the watching the interests of Mr. J. H. Witchell.

Receiving Ordera,

The Kwong Fook Hing firm,

The Officin! Receiver: After the elaim had been settled did your solicitor render you an account- No.

How then did you arrive at the amount due to you and the other partners1-We were told about the balance after deducting the ex- penses. The solicitor's foes were about $11,000. There, was about 84,000 for Mr. Jenkin, 84,000 for Mr. Leo d'Almada, jan., and about 81,000 for Mr., Hin Shing Lo.

Did you accept that statement No, but since the money was in the solicitor's hand, we thought it. would be advisable to get whatever money we could first and then ask for a statement of account.

The Chief Justice: Do you mean to say that 84,000 was paid over for junior counsel's feest-Yes.

The Official Receiver: Did you His Lordship refused the applica keep on asking for a statement of tion. account 7-Yes, I did, for over a month.....

||

How much did you actually re- ceive from your solicitor 1-$18,300 odd.

value of the classification in inter- national commerce is due to the knowledge of the high standards of construction and materials which the surveyors of Lloyd's Register require and to the recognition that the surveyors are atirely indepen- dent of local or national influences. They are directly responsible for their work to the committee of the Register. The advantages of the expert and independent supervision

1

OPEN FOR 4 DAYS ONLY From 9 A.M. To 5 P.M...

through their solicitor, Mr. C. E. by the surveyors would have been Grist, applied to his Lordship recognized by the Soviet authorities when they made the arrangementi for a receiving order against the

ISACK & CO. Hang On Tai firm, who was alleged with Lloyd's Register in January. to be indebted to petitioner to the 1930, \

Russia is now the only country

(LATE OF MOHIDEEN & Co.). extent of 82,000. The petition was opposed by the Official Receiver on in which there are no agents of the the ground that the debtor's assets Corporation of Lloyd's, which is 64, QUEEN'S ROAD CENTRAL, were only $3,000 and the liabilities quite distinct from Lloyd's Regis were over $8,000,

ter of Shipping. The duties of Lloyd's agents, who are appointed throughout the world, include the reporting of movements of shipping and the facilitating of the insur anco arrangements in the event of claims respecting ships and goods covered in the British markets.

An application for a receiving order against the Kwong Fook Wo Hop Keo firm, by Mr. F. G. E. Rendall on behalf of the Wong Shou Nin. firm was adjourned.

JEWELLERS & GEMS MERCHANT WHOLESALE AND RETAIL

LUCKY CHARMS including

ELEPHANT HAIR RINGS.