1931-05-14 — Page 11

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COMING???

JUST MAGINE

LONDON DOCTOR

ARRESTED.

POLICE APPLY FOR A SEARCH WARRANT.

A HIGHLAND OUTFIT.

Dr. Horatio Water James Steen, 35, of Elizabeth-street, Eaton- square, S.W.. was charged, at Westminster Police-court with, ob-

taining a Highland outfit, valued nt £25 48., by false pretences from MacDougall and Co. Ltd.. of Sackville-street, W., in December

Inat.

Det. Sergt. Cammor. giving evidence of arrest, said that ab midday, with Mr. Batten, of the prosecutors' firm, he went to the doctor's consulting-room and said to the accused. "I have a warrant here for a man for obtaining a Highland outfit by false pretences.” Witness read the warrant, and no- cused replied: "It is not me."

He (witness) said: "It is alleged that you, in the name of Col. Wil- liams, of Warwick-square obtained

ROYAL MAIL STEAM PACKET CO.

SIX MONTHS' MORATORIUM

SANCTIONED.

JUDGE'S HINT OF MORE ·

DRASTIC SCHEME.

Subject to certain undertakings, Mr. Justin Maugham, in the

HONG KONG DAILY PRESS, THURSDAY, MAY 14, 1931.

CHINA: UNDERWRITERS.

DEBIT BALANCE SHOWN.

The annual report of the Direc- fors of China Underwriters, Ltd., statery:

Marine, Fire nud General Busi- mess. --After placing 8275,003 to reserve to mout unexpired Marine risks, 855,713 to meet unexpired Fin risks and 827,120 moet un-

£65,000 FRAUD CHARGES.

NOTICE TO...

MARINERS.

RESEARCH CHIEF IN THE LIGHTHOUSE ALTERATIONS

DOCK,

£1,000-A-YEAR SALARY.

When Bryndr James" Owen',, 39, engineer, Upper Brook-street, W., was charged on remand at Bow

On May 15, Sultan Shoal Light will be altered permanchly ta groups flashing while, showing two fashes every 15 secs.; height 60 fit ; visibility 13 miles.

About May 22, the "two vertion) red fixed lights on Outer Shoal Now '

Chancery Division, approved a expired Accident risks the Profit street Police-court with forging and Beton will be replaced permanent-

scheme of arrangement, in the na

♫

ture of moratorium for six months, for which the Royal Mail Stem Packet Co. Ltd. saught the

sanction of the court.

ly by a light group flashing white,

On May 16, the new unwatched light, description unstated, will be

established on South Lima Island, situated 6.8 miles, 298) degrees from Horsburgh Light House.

to

and Loss Account shows n debit | uttering a letter purporting to be balance of 889,000, including tho signed by Mr. L . H. Thompson.bowing 2 flashes overy 3 secs. debit inlance of 0.264 brought jan oßcial of the Treasury, it was forward from the previous year alleged that he had obtained £83,000

Life Assurance Business-Life from two companies. Mr. Wilfrid Greene, K.C., for Assurance application peceived Mr. E. Clayton, for the Director the company, stated that the scheme during the year arounted to of Public Prosecutions, said that would affect three classes of eredi- | $3,053,789, Life Palicies were is Owen had been further' charged. torn-the First Debenture stock- | sued. for 84,844,047, at Annual Fre with forging and uttering a num holders, the trustees for whom ware miums of 8278;227 and applications her of documents in connection

Witness went to Amerton Viscount St. Davids and the Pru- for $325,10$ were declined. The with the obtaining of £30,000 from arrange for the contract. Owen had dential Assurance Company, the remainder were postponed or in the International Harvesting Compromised to go with him, but later Second Dubenture stockholders, the course of consideration at the end ❘pany of Great Britnin,. Ltd. said it would be necessary to defer trustees for whom were the Mid- of the year. The Life Premium In- It was proposed also to prefer his departure for a week; and in land Bank Exventar and Trustee como after deduction of Reassur-(similar charges in respect of the fact ho had never sailed. On wit Company and the Law Union and

antes amounted to 8835,432. The Ford Motor Company, from whom ness's return Owen showed him two

written Rock Insurance. Company, and the Life Assurance Fund' increased Owen was alleged to have obtain- letters, apparently Preference shareholders of the from 8101,375 to 8319,048.

ed £35,000.

official note-paper. One was signed White Star Line Ltd.

["II. Brittain" and another "L.

H. Thompson,'

There were interested in the posi-of. Association tion of the company both the Trea- | sury, who had guaranteed advances to the Royal Mail group under the Trades Facilities Act, and certain banks who made the advances, and were otherwise interested as credi { »FN

Mr. Greene added that the Tren sury, the Government of Northern Ireland, and the banks were grant ing at present what might be des erihed as as informal moratorium in respect of certain liabilities of cutepanies fo

the Royal Mail group. It was to the best interests of all concerned that 1 scheme

should be evolved to keep these large and important lines as going concerns, and to preserve among other things what must be a very enlunble goodwill.

£3,000,000 Written Of. The value of the Royal Mail fleet was £3,378,234, and the investiments in subsidiary companies amounted to £3,085,000, making a total of over £9,000,000, which had been written down to £8,000,000. It

100,000 Tractors.

In accordance with, the Articles For some time until 1824" Owen Messrs. Allan was employed at the Ministry of Camerou and Li Teo Fong retire | Agriculture. In that year he was from the Board of Directors, and, appointed Director of the Institute being eligible, offer themselves for of Agricultural Engineering and re-election. Since the last meeting Resenvch at Oxford, at a salary of Meagra. C. P. Marcel and Tsang about £1,000 a year. In the early Foo resigned from the Board, and part of last year he got into con Mr. H. R. Start was appointed anmunication with the, Internationa: additional Director by the Board. Harvester Co. of Great Britain. In accordance with the Articles of Association Mr. H. R.. Sturt also retires, and, being, eligible, offers

This was an English company himself for rexlection..

|controlled by a parent company in The accomats for the year have America. Owen told Mr. Neal, the been audited by Messrs. Lowe,anging director of the company, Bingham and Matthews, Chartered

of a big Government Empire de-

Smith, Seth Andi Fleming, Inen-actors all over the world. Accountants, and Messra, Percy velopment scheme for supplying

pointed Accountants, who, 'being Eligible, offer themselves for re election,

CL

on

Sir Chartres Biron (the magis trate) You say the signature is not genuine 1

Mr. Clayton: The whole thing is a fraud.

Treasury Official's Evidence,

Mr. Lionel Louis Harry Thomp son, a principal on the staff of the Treasury, gavo evidence that the letter forming the subject of the original charge was not signed by him. He said he had no knowledge of the contents, and did not know Owen. Mr. Thompson added thir since June 12, 1029, he had been away from the Treasury, acting private secretary to the Chief Whip

Mr. Percival Fitzgeraid Pyle. thief clerk in the Treasury, in't that he had searched the files and could no letter addressed to Owen The number mentioned was in the between July, 1930, and January neighbourhood of 100,000, and the 193).

between £60,000,000

and Mr. Geoffroy George Barnes, £70,000,000, Owen said that theprincipal at the Treasury, said that there was no Government scheme Sustitute was in rather a bad way for the purchase of agricultural im COPPER MINES CLOSED.financially, and asked Mr. Neal if plemente arising out of the 1930

Imperial Conference. his company would be in a position to advinen, money in connection with the scheme.

RESULT OF LOW PRICES

PREVAILING.

tractors.

.

Accused pretended, it was alleged, Jerome, Arizona, May 7-Offici. that this proposed scheme was be was not very optimistic to feel that als of the United Verde Copper fore the Imperial Conference of the First Debenture stockholders Company, one of the largest in the 1930, and a sub-committee of the

Conference appointed Owen United States, announced here to would revive, if there were a break

day that they will discontinue pro-nominate the firm to supply the up the value of their Debentures.

duction, effective May 21. The Second Debenture stock was

Owen subsequently produced to the International Harvester Co letters purporting to show that they had been so nominated, and on the strength of these the coin pany were induced to part with £30,000 in four cheques.

The decision to close the United

verde. Copper mines is the result of the low prices now prevailing for the red inetal in the world

markets.

this outfit." Accused answered. not in such a favourable position, There must be some mistake. I and it was impossible to predict have never been to MacDougall's," confidently whether the holders He said that he had an outfit, and would receive in full the amount witness asked to see it. Defendant, of their Debentures. The Prefer.. saying it was in a room upstairs, nee shareholders in the White went in that direction, and then Star were in a less favourable posi

amounting to £195,000, certain remarked, "Wait a moment. You tiou still, and quite apart from the

sums due to subsidiary and allied are not going to ransack my place position of the Royal Mail balance companies amounting to £39,000, if you have no authority to search 7 *sheet their position was dependentertain calls and contingent liabili ties, and that the borrowing powers

How do you connect me with the

offence 7" Witness explained that

Mr. Batten had identified him an the man who ordered the goods.

It Will Ruin Me."

.

The cheques were paid into the institute's account, and next day the whole of the money was trans ferred to Owen's private account at the Piccadilly branch of Bar.

on that of the White Star itself, of the company should it be ex- which, again, was dependent on theercised beyond the £250,000 provid. clay's Bank and used by him for position of the Deennie.

The Oceanic at present were, so to speak, at the mercy of the Tren sury and the banks who had made large advances. That again react- Acensed, then asked to see the fed on the White Star, and the in- warrant, read it, and said, "Can-terests of all three classes would, he submitted, be best served if sane- not I pay the money to Mac- tion was given to the present Dougall's and settle the matter scheme, which asked merely for a without going to the police-court? breathing space of six months-- more than three of which had al- It will ruin me. I am a member ready expirod-with a view to of the council and a professiona! seeing whether it was possible to The doctor called his wife their concern and put it on a more. effect a scheme which would save and again witness asked. "May I fancially sound basis. see your Highland outfit-may I

One could nee that it would seo your wardrobe ?" Accused said, | volve à very radical schemie, "You will do no such thing: You have no right to force your way anywhere."

man.

Criticism of Bchome.

ed for by the scheme.

Subject to these undertakings,his own purposes. There was, in Mr. Justice Maugham approved the fact, no such scherne before the scheme.

Avoiding Forced Sale.

Imperial Conference, The British Government had never suggested ordering tractors, and the Inter national Harvester Co. had never been appointed to supply any.

pores.

His lordship said, that the pre sent scheme was of a very limited character, and that the persons in- terested in this vast concern must be prepared for a scheme of a far In the other case, Mr. Clayton moro drastic nature. The present added, Owen' went to the Ford plan providert in effect that the Motor Co. and told them a similar Debentura stockholders were not to take proceedings to enforce their story. He showed a number of security prior to June 30, 1931. letters to the company, who were The scheme, which had been ap; induced to advance £33,000. The proved by the three classes of increditors, also provided, that, so money was paid into the institute's long as no exceution. was levied account, and next day was trans- against the assets of the company, ferred to Owen's private account the shareholders of the White Star Mr. Orgene stated that Mr. Company should not cofore thoir and weed by him for his own pur- Horace Barnett Samuel, who held

guarantee, Lord St. Davids did He asked his wife to get tho 1,000 Preference shares in the White

not see eye to eye with 'his co-trus Highland outfit, and she did so.

Star Co., had put in an elaborate

Visit to Agricultural Show.'. affidavit in which he criticised thetes, the Prudential Company, who, He requested to see Mr. Batten in sehemme on two, broad lines.

subject to the undertakings given, Mr. Arthur Neal, managing He approved the scheme. Lord St.

the order to ask him to take the monoy. said that the position regarding Davids did not now actively oppos

director of

International The officer added that he was factory, because the company was

the White Star Co. was not entis- the scheme, but intimated that, in Harvester Co., giving evidence, said his opinion, it was not in the in- that Owen, whom he knew.. Aret. applying for a seareli warrant, as controlled by the Royal Mail Co., terests of the First Debenture stock- he had reasons for believing there which were debtors of the White holders.

mentioned this, matter to him at was property at defendant's house be exercised in a prejudicial man-

Star Co., and that the control could His lordship said that nobody the Royal Agricultural Society's which might be the subject of fur-ner. It was complained that calle

could have sat in the winding-up Show at Manchester in July, 1930. court during the last eighton ther charges.

due from the Royal Mail to the months or two years and dealt with Owen'then introduced two men to forced, but if this were done the without being well aware that the White Star Co. had not been en the affairs of abipping companies him Debenture holders would be in a

In September following Owen estimated value of A steamship, position to come in and the crash even if a new one, bore little re-again met him at an hotel in Lou sought to be averted would become lation to the figure it would ren- don and spoke to him of a big inevitable.

lisent a forced anle.

Government scheme for providing Balance-sheets of approximate balance-shoots threw very little light machinery for Empire development. on the position the company would The scheme, he said, would involve be in if a receiver were appointed largo purchates of agricultural the nssets. WES for reasons of machinery. He also mid that he had this kind that he thought that the been appointed to maku a report th persons interested in this company were well advised in not taking stops which might well result in u forced sale of the assets.

Accused said that he wanted to make it clear that he said from the beginning that he wanted to nos MacDougall's representative in or der to pay. "The whole thing is 'unknown to mo; I do not know the

details of this at all," he added. :-* ' The magistrato remanded accused "ay baile With regard to the janie of a search warrant, he said that if it was required for matters apart from the present charge be must have grounds for it.

Mr. Lionel Cohen, K.C. (for Mr. Samuel), said that the complaint was that the Royal Mail had paid calla due to another company and not to the White Star.

After discussion was my and it was necessary to realised that the Royal Mail Company should undertake that they would not; prior to the expiry of the mora torium, • voluntarily pay bills (Continued on neze Column.)

committer of the Imperial Can-.

ference.

(Continued on next Column.)

The hearing was again adjourned, No application was made for bai!

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1931

DIRECTORY & CHRONICLE

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