1931-05-12 — Page 7

BANKING DISPUTE PRES. CLEVELAND'S

SETTLED.

PRINCIPAL WITNESS FOR THE BANK MISSING.

ACTION WITHDRAWN.

MISHAP.

HITS ROCK OFF WAGLAN.

"TAIPING " ALSO STRIKES

OBSTRUCTION,

HONG KONG DAILY PRESS, TUESDAY, MAY 12, 1931.

KING'S BIRTHDAY HONG KONG STOCK

HONOURS.

MARKET.

INVESTITURE AT GOVERN-CROUCHER & CO.'S DAILY

MENT HOUSE,

A NEW HONOUR FOR HONG KONG RESIDENTS.

།

REPORT,

After a dull opening the market improved and remained very active during the day,

.

Hotels were again the chief fea ture, shares being taken off the 1nrket at $18.00 May to 810.00 June in fairly large quantities

Underwriters also were bought in

A settlement putting an end to Owing to the thick fog outside the awquit between the Equi- the Colony yesterday, morning, two One of the mast. interesting table Eastern Banking Corpora passenger stemniers, the President features of the investiture which tion and Mr. Chun Pa Sien | Cleveland and the Taiping ground- ¦ was held yesterday morning ni Wils reacht by the two. Pared outside the harbour in the early Government House, was the pen. tica when the main issue in rogård hours of the morning, but fortu- | mutation, for the first time in the to disputed credits amounting to aately both were refloated by their history of the Colony, of Certiat all rates ranging from $5.10.to. $360,000, came for hearing, before own efforts, and the damage done th- Chief Justice (Sir Joseph to each was insignificant, Kemp) at the Supreme Court yes. terday.

The President Cleveland's mishap crameil spine concern focally bug the On the decision of the Full anxiety did not last very long as Court, the onus was thrown on the Lit was carly known that the ship, bank to start the proceedings in had been refloated unl was inaking | the trial of the issue. The bank its way to the harbour, claimed that when certain entries, Shortly after seven o'clock a which they alleged had been wrong-naval tug was sent out to Wagiau, ly credited to Mr. Chon Po Sien, but apparently her assistance was bad breu revorged; his overdraft not required. The rising tide re- mounted $515,710.0. Mr. Chen fouted the Bailar liner and she claimed that his overdraft amount-teamed into the Harbour shortly ed to only $139,230,20, which he was after 2 pm, and berthed alongside prepared to pay in order to, re- the wharf at Kowloon Godowns. deem his securities.

The stenuier was enrrying about Mr. Elden Potter, K.C., and

300 passengers at the time of the

fates of Honour, in recognition of loyal and valuable services to the Clony and the British Government.

Dortificates of Honour.

Four prominent members of th Chinese Community, Mesars. La Cheung Shin, Tong Yat Chur, hwok iu nu nui Tang Pnh Kin were the recipients of this special honour, They were invented by His Excellancy Sir William Peel with the insignia and handed the

HONG KONG POLICE

RESERVE..

fORDERS ISSUED BY THE HON, MR. E D. C. WOLFE, C.M.O., INSPECTOR- GENERAL OY POLICE.]

General..

Revolver Practice.-The regular weekly revolver practice will tako place at the Bowen Rend Revolver Range, to-morrow' at 8 pm, ́ It will be open to members of the Chinese

serve. Company, Hong Kong Palies Re

Police Training School, The weekly classes for Police Re servists alt the Police Training School, Kowloon, will be held as usual to-day at 5.30 p.m. All mem- |bers of the Chinese Company ind of the Flying Squad who have "not yet passed Part 2 of Training, Course should attend,

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Chinese Company.

All recruits of the Chinese Com- pany will attend Central Police Statim for Squad Drill on Thurs. day, at 3.30 p.m. under L.S. R4 Ts' Chi On.

25.35 and buyers remain; forwards shares are also in demand,

Douglas improved to $25 with no sellers in evidence.

Ewos were sold at Tls. 13.53. Utilities are neglected with the exception of Lights which are wanted at 8253." Demonts were again in demand at 819 July,”

Dairy Farms ensed off to 828 at which rate there are buyers,

Watsons have sellers 01 814, with eventual sales at 813.75 Lane, Orawfords were a weak marketent

were a few sellers of the Q.B.E., and Miss James of the Lands at 8011 Wharves and Pro- Mr. F. C, Jenkin (instructeul by grounding. As far as can be aseer. Naval Hospital the Order of the vidents are wanted at $102 and Thursday, at 5.30 p.m. under LS.

Uoyal Red Cross, Second Class.

-The Hon. Mr. II. T. Creasy, and Mr. R. M. Dyer were Mr. Carpen-

Messrs. Johnan, Stokes and Mas

ter; appeared for the plaintiff, Mr.tained the ship touched a rock on the north-east point of Wagian Island, just before five o'clock in

Chon Po Sien, Mr. H. G. Sheldon

Certificate

Mr. E. W. Carpenter, Assistant Dinçctor of Public Works, to, whoot Kowloon owes so much was awarded

$7.

There

$5.05.

Docks which were 837 at the easier of last week were

lose with

(instructed by Messrs. Hastings morning and although the ler's supporters, and Sury Lieut. sellers at $35.

Dennys and Bowley) was for the defendant hank..

Bank's Position.

||

|

Commdr. Barking, and Surg. vessel was puthard asterushe

Licht. Commdr. Davies acted in failed to respond and did not get his capacity for Miss Jemes.

off until two hours later.

A Lucky Escape, When interviewed by our repro- sentative after the vessel had berthed, the Chief Officer of the President Cleveland stated that he considered the damage insigni ficent, but he thought that the ship was very lucky to have escaped with so little dainnge. He also said that the crew behaved reniurkably.. well and he was very pleased with the fiue work they lind done in so short a time.

In announcing that the parties. had come to terms, Mr. Sholdon said that there were certain facts of which he would like to speak. The first was that the unfortunato litigation, which had been carried un for some time, was entirely for the benefit of certain insurance companies, by whom the bank was Fully indemniärd for any losses in- curved in this way to the extent of 82,000,000. The companies were the losers by the fennis, and there, fore it was the duty of officials of the bank to do all thing they could The passengers took the jar very in order to protect the interests of calmy. No great alarm was caused the insurance companies.

although the ship was made ready Allout two weeks ago, the posilo be abandoned and all precnu- tion of the bank substantially tionary measures were taken for the changed when Li Chung Tai, who safety of the passengers, but. fortu was the fraudulent compradore's nately, all of these were unneces- shroff, during the period when the ary. trauds were committed, hurriedly · There is a large dent in the bow left the Colony, As Li Chung Tai of the ship, just below the 26 foot was the man who actually received mark. This dent will somewhat in the money paid in through the pair the ship's progress, but it is compradore, and a he was in not considered necessary to go into charge of the cash in the com-dry-dock here. pradore's hands, it was obvious he was an essential witness from the point of view of the bank.

Counsel made it clear there was no suggestion that Mr. Chon Po sien knew of, or did anything whatsoever, in connexion with the disappearance of Li Chung-tai. In view of his departure, and aftar having examined the evidence avail- able to the bank, it had been de cided to offer no evidence.

A "Pet"! Brother.

Mr. Palier said that, in fairness to. Mr. Chou, he must explain that he was the eldest brother of the ate compradure of the bank. He was Mr. Cho's "pet" brother, had assisted him throughout his life, and had watinued to assist him up to the time of the unfortunate

The four Chinese recipients were sponsored by the Hon. Mr. E. 1.

Flying Squad. Squad, Drill -- All recruits of the Flying Squad will attend Central Police Station for Squad Drill on

R.333 A. W. Mooney,

The weekly instructional patrol of the Kowloon Section will take place to-day. Fall in at the Tain- bsn-tsuti Fire Brigade Station at 5.30 pm sharp. Dresa: Khaki held by the Chinese elders and uniform and cap with khaki cover. | vēlagors have been of great value

Special Duty-Members who are to the Government. When you re-detailed for special duty at the Halifax, and the Hon. Mr. A. E. tire from the Service, you will have Races will parade at Central Police

Station on Saturday at 150 p.m. wood, while the Hon. Sir Shou-south satisfaction of knowing that Chow read the Chinese translation you have not only a reputation for ability and industry in your work af His Excellency's address to

et also the affection of all tirse them.-

who have been associated with you, I sincerely congratulate you on the honour conferred upon you.

There will be instructional patrol for the Hong Kong Section on Friday.

Sharpshooters Company.

Strength. Constable R417 W, G. F. Barnes has been permitted to resign, having completed one year's. service with effect from May 6.

of the Company who have not

Equipment Cards. All members yet

the C. ife. Co. are requested to do sent back their equipment cards to

so at once.

(Sgd.) D. L. KING, D.S.P. (R.).

Notable Gathering. There was a large and notable gathering present, including Lady

Miss James' Career. Peel, H.E. Major-Generut J. W. Sandilands, the Rt. Rev. Bishop of

To. Miss James, H.E. said:Miss Victoria, the Rt. Rev. Bishop James, it gives me great pleasure Vaitorta, Commodore R. H. Wal to present to you to-day on behalf her, Hon, Mr. W. T. Southern, of His Majesty the King the Order Hon. Mr. C. G. Alabaster, Honof the Royal Red Cross, Second Mr. E. Taylor, Hon. Sic Shou-Class, which has beep graciously Chew, Hon. Mr. W. E. &. Shenton, presented to you in recognition Di Hon. Mr. C. Gordon Mackie, Hon. your long and meritorious servien. Me, E. D. C. Wolfe, Hon. Dr. You joined Queen Alexandra's Moore, Hon, Mr. J. P, Braga, Hon. Royal Naval Nursing Service neur- Mr. S. W. TRO, Hon. Mr. J. J.ly twenty years ago, in September Peterson, Sir William Horneil, 1911, and were appointed to the Newa was also received locally of Mr. Justice Lindsell, Mrs. Duppuy, Royal Naval Hospital, Hastar, ne mishap to the Taiping, a 1,300 Mis Southorn, Mrs. Hallifax, Nursing Sister on probation, be- tons steamer belonging to the Aus-Mie. Taylor, Lady Chow. Mrs,year. After serving, two years in ing confirmed a Sister in the same tralian Oriental Line,. The vessel Mackie, Mra. Wolfe, Mrs. Moore, the Royal Naval Hospital, Ply- struck 4 submerged obstruction near Lema Island but got off im- and Mrs. T80,

mouth; you served as n Nursing mediately and suffered practically

Sister in various Naval Hospital

Estate in Hong Kong worth Ships; thereafter you have been 8114,200 and elsewhere to the value imployed at various Naval of £0,142.19%. 7d. was left by Mr. [pitals at home and abroad, and

Thomas Clark, retired engineer, were promoted to be Superintend

who died at Rock Villa, Millport, appointed to the Royal Naval Hos-island of Cambrae, County of Bute, pital, Hong Kong.

Taiping's Mishap.

no damage. A message was receiv.

Capt. T. H. Coltman (A.D.C.).

*

ed by Mesars, Butterfield & Swire, ad the proclamation, and Mr. C. the local agents, at d'am, yesterW. A Tafton (Private Secretary) day, to the effect that the ship bore the insignia ou a velvering Sister in November, 1925, au "struck something at 3.62 a.m. but was off immediately. The ship was making a water and was coming in to Hong Kong as soon as the weather cleared;"

cushion.

Tribute to Mr. Carpenter. His Excellency, who wore his official uniform, and was attended by his Indian Aides-de-camp, in invisting Mr. Carpenter, said:--

Edgar William Carpenter, I at The Taiping is a Hong Kongy glad that it has fallen to my built vessel and is carrying Aus- luz to invest you to-day with the tralian nail. At the time of the insignia of an Officer of the Most

Lema Island is due south of Hong Kong between Gap Rock and the Colony and about twelve miles due South of Cape D'Aguilar. The vessel enine into harbour yesterday after- It would have been proved, he went on, in the course of evidence, noon shortly after 3 p.m.

OccurrenceB.

had the case proceeded, that of all the money encorned, not one five-cent piece over went into Mr. Choa's pocket. Furthermore, both Mr. Jenkin and he, himself, were

You have a very fine record and heartily congratulate you on the recognition it has received.

·

Chiness Recipients.

EUROPEAN ESTATES IN THE COLONY.

BEQUESTS TO SCOTTISH İNSTITUTIONS.

of testament-testamentar has been on November 13, 1930. Re-scaling

granted to Mr. O. G. N. Tinson, of Messrs. Johnson, Stokes & Master.

To the Chinese recipients of

great pleasure to me to present leaves £100 each to the Glasgow honours, His Excellency said. - It Among family bequests, testator to you to-day, in the names of is Majesty the King, the Certificatos Cumbrat Benevolent Society and mishap she was one day ahead of Excellent Order of the British Europ the King's Birthday last year. and the Glasgow Royal Infirmary,

of Honour which were awarded to the Cumbrae Nursing Home, and you by me in His Majesty's urus £50 each to the Balvation Army Built by the Hong Kong and pre, which has been graciously con regret that the presentation #ar very doubtful indeed whether anyhampon Dock Company in 1920 Lo ferred upon you by His Majesty been so much delayed, but it is s Mr. Francis Joseph McCarthy, case at all could have been estab

to this Colony.

srheshiled time.

ished by the bnuk. Be that as ite order of Australian owners, the the King in recognition of the part due to the delay in getting the chargeman of smiths, Royal Naval may, he would have submitted that Taiping is 4,324 tons. She is 352,3 valuable services rendered by youinedals made in England. This is Dockyard, Hong Kong, who died

fret overall, has a beam, of 48.2

on the legal pusition there was no feet and a depth of 3.7 feet. Her answer to Mr. Chou's claim.

Mr. Sheldon hud, quite proper sister ship, the Changte, was also vice in 1901, thirty years ago, necoration was instituted with the Kong estate worth $07,100. Letters au Assistant Engineer of the Pub-nathority of His Majesty as a re of administration have been grant disclaimed any suggestion that constructed in Hong Kong,

he Works Department. 1ou were cognition of loyal and valuable sered to Mr. M. II. Turner, of Messrs. at one time seconded to the Kow-

vices rendered to the Colony and 15 loon Canton Railway and were the British Government. The num

Deacons. $40,000. This offer, said Mr. Pot-specially thanked for your work her is limited, and knowing as 1 Hong Kong estate which has

in connexion with the survey and

de of how many residents in Hong been sworn at 830,300 was left by commencement of the Taipo-Lolu Kung have rendered such loyal and Susan Pocock, who died at Manor section. You were in due course valuable services in various ways, House, Kingsbury, Episcopi, Somer- promoted to be an Assistaut Direc- I found it by no means casy set, England, on August 6, 1830. for of Public Worka, which smako a selection. This fact natur-Net personalty elecwhere amounts tion you now hold. You have on ally enhances the honour, conferrato £1,093 148. Bd. Re-sealing of several occasions received the special thanks of Government, once upon you.

certified copy of probate has been

You joined the Government ser- Honour in this Colony. The denital, on January 7, 1930, left Hong the first award of Certificates of intestate at Hong Kong Naval Hos

er, was refused, and matters went along until the bank's appeal was heard, which was dismissed.

Mr. Choa was in any way concern- ed with the departure of Li Chung- tui. This Maid Mr. Potter was vidented by certain admitted facts. One of the those facts was that during last year, Mr. Chua asked the bank for a statement of his account so that the overdraft could ne paid off, this overdraft being money he had advanced to his younger brother. The account was not forthcoming, however, so Mr. hoa worked out his overdraft of the accounts which had been render was given. Mr. Chon decided to for your work as Chairman of the periods and have also been Direc ly to him monthly, and found it stand on his strict rights so far Committee which .reported ឯករ to be 8130,236.00, which amount is the question of the amount duo transport facilities on the Rowinon was tendered. At that time, Li was concerned, but offered to pay Peninsula. You also did specially Chung tai and every available wit$139.000 odd, with the only condi-good work in connexion with the ness of the bank was in the Colony, tion that each side should pay water crisiía in 1929, and the back was in a position to their own conts fight the case in any way they chose. It was long before the date of Li's departure that M. Chon Look up the position he dil.

M. Chon was then approached by the bank, who wished to know if the offer of settlement was still open, but as the object of the settle, ment to keep. the family name out of he papers-had not been for your report on the Prata The services of you all have been granted to Mr. G. G. N. Tinson achieved, a reply in the negative Islands in 1913, and again in 1322 outstanding.

Earlier Offer to Settle.

Costs Waived.

Work in Kowloon.

Counsel went on to say that Mr. It is, however, more in respect Chon was still quite prepared to New Territories that you will be of your work in Kowloon and the forego his costs, and he did not hest remembered.

Kowloon has want to take advantage of the

Three of you have boen Justices of the Peace for long

EXTRADITION CASE.

MRS. JENG SHEE SAILING

TO-DAY....

torn of the Tung Wah Hospital acd the Po Loung Kuk, and are meta bore of the Po Leung Kuk Per- manent Board of Directors, white two of you have also beau members of the District Watch Committee, and ono of you is a member of the Mrs. Jeng Shee, who is wanted in Tung, Wah Hospital Adviesry America on a charge of embezzle- taken great interest in the Univer-fore Mr. W. Schofield yesterday, Board. Mr. Kwok Siu Lau has ment of G.828,000, was brought be eity and has made handsome when Chief Detective Inspector ank that, although he would never not go on with the case. Mr. Choe, siderable work in respect of land for many years in the New Torto-day. However, Mr. Chon told the bank's admission that they could developed marvellously of recent donations to Mr. Tang-Pak Reynolds on behalf of the police, years and this has entailed ou K'au has been a trustee and Elder asked for a rewand until 1 a.m. depart from his position that he added counsel, had donen bu sales, exchanges and resumptions, ritories and his work and advice in only owed them 8139,000, he would could and more, and had behaved The smoothness with which these that capacity have been of immense that the boat on which Mrs. Jeng Inspector Reynolds explained ake to keep the family name out with the greatest fairness through have been carried out is a large value to Government: On behalf shee was to have sailed, the Pro of the courts, and made a very out.

maisure due to your personality at the Government of this Colory.sident Cleveland, was doinged and and tact. Your intimate knowledge I thank you sincerely for all that would not be sailing until this after.

New Territories and the setyor have done and congratulate your noon sard and esteem in which you are most heartily on, the honour co-

(Continned on next Voluma); ferred upon you.

fair offer of settlement to the bank, His Lordship made a formal 'or- suggesting that they take over the der for the payment of 8130,238.20 securities, worth about 8160,000, in uy Mr. Chon, with the right to complete seublement of the matter, secure return of the securities each thereby needing them about side to pay its own costa.

The

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