1938-05-27 — Page 7

HONG KONG DAILY PRESS

GENERAL

WISDOM SCHOOL COLLEGE SWIM CHINESE BOOKKEEPING

OF PYTHAGORAS

Interesting Lecture

At Theosophical

♫

Society

At the meeting of the Manuk Lodge of the Theosophical Society on Thursday, Mr. C. A. Sutherton Russ gave a talk upon the "Wis dom School of Pythagoras.”

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TRAGEDY JURY'S RIDER AT INQUEST

Student Drowned

(Continued from Page 2)

in, collusion with outside parties, it revenue taxes. The type of fraud might be possible to obtain exten usually committed by company sive sums by passing through in-directors are the Inflation of pro- voices in respect of non-existentats with a view to controlling the goods. In the absence or a proper value of shares for purpose of A verdict of death by accidental system, there is nothing to prevent speculation and their bonus.

As a whole, where accounts have a bill being presented for payment drowning was returned by Jury comprising Messrs. N. L Railton & second time and passed, the been falsited without misappre- second payment being misappropriation, the object is usually to (Foreman), Lan Pul-ying and

Inflate the profits for ulterior mo- priated. Sherry Bux, at the conclusion of

In factories and other large con- tives, such as the claiming of in- commission and bonus, an inquest held at the Central Of all the known schools of Court yesterday into the death of cerns, fraud may also be made in creased wisdom, said Mr. Russ, the school Lo Po-wah, a student of the Wan connection with the payment of manipulation of shares for per- of Pythagoras was one

of the Yan College. Mr. Edwards sat i wages and salaries by the pay-sonal beneft. securing continua- ment of fictitious workers. Tem-tion of their positions and fees. most interesting: first because. It Coroner. was lale and hot confined to the On May 5 about 100 boys from parary advances may also be made and trapping prospective buyers or priesthood, secondly because the Wah Yan College, accompani- to persons not connected with the other public investors.

I have already summarised the co-ordinated science and theologyed by three masters, went to the business and who, in fact, do not

general types of traud which are in a most modern and effective South Bay Beach, arriving there

Apart from cash receipts and constantly met with in the ordin- manner and, third, because it about noon. The deceased, who constituted a practical and, for a was in the party, was last seen by payments, it is probably in con-ary course of our business but time, a successful attempt to realise his school mate, Chan Chung,nection with exchange transaction these are by no means exhaustive.

that the greatest scope for fraud

THE AUDITOR ‚ the dream of every initiate who playing in water up to his hips. is afforded. In large tmport and has ever interested himself 12 Chan Chung testified that de-

It may be of interest if I make export concerns, exchange trans politics.

ceased had informed him that he actions are usually handled by a brief reference to the capacity of could not swim. Chan swain out to the raft and after 15 minutes skilful manager and many pos- the auditor in relation to fraud in sible openings are available for accounts. You will agree with me he returned to the beach and

that, whenever rn elaborate sys- dishonesty.

Pythagoras WE born in the Island of Samos in the early part of the 6th Century B.C., the son of a wealthy jeweller, and of failed to locate docensed. He remarkable mother, Parthena

thought that deceased. had gone rowing, but when the sampan re- turned deceased was not there.

A search was made in the vicinity of the beach but no trace was found.

The sophistry of the Greek schools, however, did not satisfy him, and at the age of 23 he ob- tained from. Polycrates, the Tyrant pf Samos. a letter to Pharaoh Amasis of Egypt by whom he was

Introduced to the priests of Mem-

phis.

"PERIOD IN BABYLON

Here he spent 22 years, passing through all the tests, and attain ing one degree wigher thad his dis-

ciple, Plato,

Before he could leave Egypt, the country was overrun by Cambyses and his Babylonian hosts, and Pythagoras with others were taken prisoner to Babylon.

He soon found his brethren among the Magi of Babylon, and by them was taught less profound but more developed occult truths.

He established his noted school at Groton, or the Gulf of Taren- tum, in the south of Italy, induc- ing the Senate to build it for him, and for many years virtually ruling or at any rate vitally influencing south Italy. Steily, Greece, and some parts of Africa.

END OF SCHOOL

Early next morning deceased's body was found some twenty yards from the beach, by a life guard.

exist.

||

detective is to

I remember in 1935 when I was tem of falsification is discovered. Init is usual for an outery to be 'rais- conducting an investigation Kwangsi in connection with one of ed against the auditors and if the the largest Imports and exports traud has been of a somewhat sen- character. thus making companies. I was surprised to dis-sational cover that the extent of misap-good "copy" for the Press-the propriation through exchange was blame for the inefficiency of the as much as $80,000. In this case, auditor will, as a rule, be particu the manager bought and sold ex-larly emphasised. There is a mis- change, operating such with six understanding in the minds of the In returning the verdict. the jury different banks. Speculation was public on the duties of the auditor added a rider that in cases where operated. the profits made from and invariably they think an au- large numbers of boys go bathing such went into the manager's ditor is appointed especially to de- persons in authority must be de-pocket and the losses on set-on teet frauds in the same way as the talled to be on the look out transactions were charged to the appointment or a the boys. particularly the non-

company accounts under appro- and a murderer. In fact, an au- swimmers.

priate headings. This type of ditor, although he is partly to des fraud is particularly hard to detect frauds. is not supposed to sus- ect without the facilities of the pest if there are no circumstances for suspicion. He is better known as a watchdog than a bloodhound." This fact. however, does not mean Another clever trick discovered to say that the auditor should be In this case was the opening of asleep on his job. He must be two Actitious accounts, one to re-wide awake and be prepared to present a selling firm and another. spot frauds or discrepancies. In a buying customer. Goods were this connection, let me quote a't- purchased from the selling firm at the song which I came across re- a high price and resold to the other account. at a

jcently: lower price. and vice versa; the same quantity of goods being resold three and four times again under the same procedure.

NOTABLE PEOPLE ARRIVE BY CLIPPER

The Hawaii Clipper arrived at Kai Tak yesterday about 3 D., bringing the following passen- gers:-

Mr. "Jacob Rosenthall, Mr. Wahubal Dalabnai, Mr. and Mrs. Francis Pershing. Miss Jane Ho ward and Mr. Li Kuo-ching.

The fall of this great schor. after 30 years of success. came Swiftly, One, Cylon, had been re moon. “ fected by Pythagoras as a pupil

newspapers.

banks.

CLEVER TRICK

Tick. Tick, Tick, with eyelids

heavy and red,

An Auditor sat on a very high aching stool, holding an head:

Cash books. Vouchers and

"Ledgers peat me

41

Lay piled in heaps around his

feet

arc

Mr. Pershing who is the son of General Pershing. has just been married and is on his honey- Falsification of accounts as äl- ready described are usually on the Miss Howard is the daughter of part of the employees to conceal on account of his headstrong Mr. Roy C. Howard, of the well- either embezzlement of money or

of property. These position, and his hatred was in-known Scripps-Howard chain of theft

She is proceeding to much easier to detect than the tense. Persistently he saved the

Hankow to "cover" the war.

type of frauds committed not with seeds of hate and envy against

Mr. LI Ching-kuo is a very well; the purpose of "concealing cash or Pythagoras and his school, for by

known business man in the United property. They are in general the this time they had become so

States and Honolulu, and

most difficult to detect because ex- successful that their council of 300,

come here on business.

perience shows that they are, tre- all ex-pupils of the Master, virtual-

quently committed by persons in ty superceded, or Father acted as

responsible positions such Senate to, Coton's Council of

Managers, directors and the so- 1000 and to many alties and states

called "Big-shots." beyond.

A very com- mon form of fraud on the part of these responsible persons is the deliberate inflation or deflation of profits.

Pthagoras was held up as an ambitious upstart, a perverted ne caftist, and a pabile menace, and. in a sudden attack made on 43 of his most prominent lieutenants they were all killed save two, the order dispersed, and the wchool razed to the ground.

ART EXHIBITION

EXTENDED·

•

."

OBSTRUCTION ON FOOTPATH

Possible Danger To

Traffic.

has

•

18

A departmental manager of the C. Sloan, manager of Climan firm may deliberately suppress the over-value the stock Motors at the junction of Johnson purchases.

to obtain

3

and Hennessy Roads, was yesterday for purposes of increasing his de- fined $10 by Mr. Edwards at Cen-partment's profits tral Court for allowing four private higher bonus. A partner may also cars and a portable furnace to be deliberately suppress the real pro- left on the footpath, thus causing fit of the Arm by inflation of pur- jan obstruction, on May 13.

chases, undervaluation of stock or By popular request it is report.

Sergt. Darbrowsky said that he charging capital expenditure to, ed that Miss Yeung Sho-ying's art visited the workshop about 4 pm. jordinary trading expenses for the exhibition at the French Convent and remained there for ten min- purpose of defeating other co- Middle School has been extendedutes. He observed that pedestrians partners. In places were taxes are til Sunday, May 29.

had to go round the footpath to enforced, proprietors may also de- liberately deflate profits for the

For the past two days a great the tram tracks, number of visitors "attended the exhibition and highly praised, the merit of the exhibits. Many have

#

Mr. Edwards remarked that an purpose of defrauding the Govern- obstruction which forced pedes-ment as to returns for payment of trians into the street might cause

requested Miss Yeung to extend possible tramic danger.

the Exhibition in order that they 'may bring their friends along.

much

In view of the fact that Miss Yeung intends to raise as funds both fot war relief and Catholic charities, she has, with the consent of the Headmistress of the French Convent Middle

Y.M.C.A ACTIVITIES

The following is the programme of activities at the European Y.M.C.A. for the coming week:

TELEFUNKEN EXECUTIVE

As he sang this "Song of the

Audit."

Tick, Tick. Tick, with red ink

# and with green, The Auditor cürsed the day he was born and sighed for the might have been...

I care not "a büthering jot for their pundite or their plaudits,

J

יי

I'm heartily sick of the green

ink tick, And I'm fed to the teeth with

Audits..

41

"

Add, vouch and tick, tick and

vouch and add;

This monotonous work, sang he, will surely drive me mad. But his cilent, finding him fast

asleep.

1

Said "My dear man. You

can't afford it;

If you don't pull up your socks

a bit,

You'll lose your

Audit."

blooming

SET MINDS TO IT Strictly speaking, fraud can be made possible even should the most experienced auditor be ap- pointed, as wilfully dishonest per- sone can get around the very best systems if they set their minds to it. In fact, factors responsible for frauds being committed in se- counts include:-no system of in- ternal checking and the laxity in proper accounting and bookkeep- Sunday: 9 pm in the West

ing. I do not mean to suggest that Lounge, Discussion Group. Speak- School, decided to extend the exer: Mr. P. H. Borey. Subject

If there is a proper system of ac- hibition till Bunday.

An interesting visitor in Hong counting, there will be no fraud "Security."

Mr. Kurt

vor but I do mean to say that fraud Monday: 9 p.m. in the West Kong today is Lounge, Service Men's Whist Drive. Steinitz, export general manager will be more difficult to make, the. Tuesday and Friday: Badminton of well-known Telefunker possibilty of collusion will be and Mixed Swimming.

radio concern of Germany, now minimised if the internal checking on a world tour for the Interests system is well designed and pro-

perty organised. of his company.

Miss Yeung has exhibited in Belgium: Nanking. Canton and elsewhere in China besides parti- cipating in local Chinese. Art Ex- hibitions held from time to time In the past.

It is urged that art lovers should not now miss the opportunity of visiting this exhibition. which is open from 10 a.m. to 8 p.m. daily. Among the visitors yesterday were Prof. Tu Tre-scn. the Panama Consul. the wife of the French Vice-Consul, and Mr. Ko Kim-foc and Mr. Pau Blu-yau, Miss Yeung's art teachers,

CHIEF JUSTICE GOES

ON HOME LEAVE

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ft ་

Wednesday: Table Tennis. Saturday: Launch Picnic. Launch leaves the Police Plet, weather

nermitting.

BIRTHDAY OF QUEEN MARY

Warships Dressed

Overall

..

ON VISIT TO COLONY

the

He a one of the most travelled In Hong Kong, the present Chl- needs men in Europe as he covered more nese bookkeeping system than 500,000 miles during the radical improvement in many past eight years and no less than phases as there are more oppor- 300,000 miles or it being by air.tunities offered for frauds and fal-

Mr. von Steinitz travelled by sification. almost every "big" "airliner th the Many persons criminally minded world and crossed orice"àlso from escape conviction because they Frankfurt to Rio de Janeiro In have the excuse that the accounts the glant airship "Hindenburg." are not properly written up. Their that was destroyed last year."*** methods of keeping accounts, they

The Navy observed Queen Mary's Herr von Stefifta declared that plead, are consistent with the cus

"FRIDAY, MAY 27, 1938. -PAGE 7

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71st Birthday yesterday in Hong he is enjoring every minute of tomary practice. I think you will answer to this question is that wetion with these reforms, it was my work during the early years of our ehanged and conditions are now Kong, with all men-o'-war dressed his stay in Hong Kong. He is agree with me, however, that, ir must devise a system of bookkeep honour recently to open a school experiment but the time has

rather than in Hong Kong. leaving for Manila' tomorrow, but our present method of keeping ac- ing that improves

The dogmatiam of some mer-different. With the hearty co- His Honour the Chief Justice. Bir overall from 8 a.m. to sundown. Atholl MacGregor; sails for Home At noon all EM Ships in the win return to Hong Kong in' about counts is improved, the extent of abandons a method which dates

fraud will be considerably reduced back as far as Confucius and, chants, the consistent adherence operation of the public, our efforts. today on board the Empress of stream fired a salute of 21 guns in a fortnight. ***

new to the old system, and the lack are now meeting with success and, to advocate, a Later on Mr. Kurt von Stelaitz In order to improve the present secondly,

support, however, as a result, We hope that fraud in Japan, on six months' leave. Lady honour of the Queen Mother. MacGregor'goes with him.

Among other vessels dressed intends to go to Mexico via West system, what course tan prac method by inculcating its utility in of material They will leave Queen's Pier at over-all for the occasion was the Indies, Central America and Bouth tically be pursued without causing the minds of the younger genera- handicapped our endeavours for accounts may gradually be "mini-

America.

too drastic, an evoluidon? THE Hon of business men. In connec- the development of our reform mized. 10.45 a.m.

French cruiser, Primaquet..