1940-01-05 — Page 5

HONGKONG DAILY PRESS

Solicitor Gives Evidence In Mortgage Dispute

MR. M. W. LO, PARTNER OF MESSES, LO AND ZO, SOLICITORS, WAS CALLED TO GIVE EVIDENCE at the resumed wearing at the Supreme Court yesterday of the mortgage dispute in connection with No. 300. Des Voeux Road Central and No. 92, Wiêg Lok Street.

Plaintiffs, Chan Fui-hing, Chan, Third, plaintif, Chan Kwok-nim. Sik-tin and Chan Kwok-nim, alege' who was recited at the previous that two mortgages in respect of hearing on the application of the the property had been executed by defence, said yesterday that Chin Chan Chung-wah without their Yim Shi mortgaged her property Knowledge or consent and that the at No. 188 Queen's Road East in algnatures on the deeds are tor- 1934 to lend money to Chan Chung gerles.

wah. The latter executed a mort-

court that the fraudulent.

They seek a declaration from the gage on No. 18, Des Voeux Road mortgagea are Central, because Chan Yim Shi pressed him for payment as she The case is being heard by the had heard that he had fraudulent Chief Justice. Bir Atholl Mac- ly mortgaged some property and" Gregor. Plaintiffs are represented had absconded. by Mr. Eldon Potter, K. C. and the Hon. Mr. Leo D'Almada e Castro

Jnr.. Instructed by Mr. C. D'Almada Defendant, Fung Kal-sun, is repre- sented by Mr. H. G. Shelden, K. C. and Mr. F. C. Macnamara, instruct- ed by Mr. M. M. Watson,

DEFENCE OUTLLINED The case for the plaintiffs being concluded, Mr. Sheldon, in outlining what his defence would be, sald that evidence would be called which ir many respects would absolutely contradict the evidence already heard.

MORTGAGE EXECUTED Mr. Lo stated yesterday that on Counsel said that he would prove Dec. 14 last he put through a that third plaintiff was not Chan mortgage in respect of No, 164. Des Kwok-nim. If he was not, and Voeux Road Central for Chan Yim first and second plaintiffs knew he Shi, third plaintiff's sister-in-law. was not, then their claim was and others,

fraudulent and vold.

On instructions from Chan! „Assuming that the third plùntiff Kwok-nim. attorney for Chan was Chan Kwok-nim, and that the Kwok-yłu, or Chan Chung-wah, three plaintiff's were; in fact, the the proceeds of the latter's sharej men they said they were. was paid to Chan Yim Shi

COMMITTED

ON CHARGE OF MURDER

ACCUSED GIVES EVIDENCE

Hul Fook-sing, unemployed ship's couk, who was charged before Mr.! RA. D. Furiest at the Centrai Court yesterday with the murder of a coolic, named Lu Yau-sze, glias Pun Yau-zc, an October 30, was committed to the Criminal Sessions.

Hul, in the witness box yesterday. sald that he was carrying two bags: of copper coins on his shoulder, while his two friends, each carrying one, following behind him. When he stepped out of the Dauglas, Wharf, the deceased, armed with a knife, and a-crowd of coalies, arm- ed with arewood; approached him and robbed him of the bags. He managed to snatch the knife from the deceased, and threatened to stab him if he would not return the money, "

FINANCE & GENERAL

EXCHANGE

REFUGEES MONEY AND RETURN TO SHUMCHUN

3,000 CROSS THE BORDER FROM HK. TERRITORY

ed to Shumchun from Brit.sh terri- About 2,000 returées have return. tory, since the Japanese evacuated the border areas last Sunday.

the business section of the town, though little damaged, are emptied, The former refugee camp of the Red Swastika Association has been gutted by fire.

Most of the houses and shops in

:

Mr

TROOPS & POLICE Regular Chinese troops and police are enforcing law and order. Teng Hung, magistrate of Po On. called a meeting of the county chiefs yesterday when measures for rehabilitation were discussed.

It was decided to induce more re- fugees to return.

APPEAL FOR FUNDS

f

A petition has been sent to the National Relief Comm'salon Chungking for funds for emergency relief. The refugees who have re- turned are badly in need of bed- dings," foodstuffs and medicine.

CLOSING QUOTATIONS JANUARY 4 18

In London-

Telegraphué franster. Da da Bank Bills, on demand)/2 7,8 Credits 4 months' sight 1.37/33 Jn Shanghai:-

Off demand

Of Stitgapore:

On demand On Japan:-

On demand

Ja India:-

Talegraphic Transier. and demand..... Ja New York:-

310

2 3/4

103 1/9

-82 1/2

Bank Bills, on demand 24.2/16 Credits, 60 days' sight 25 1/16 in Batavia-

On demand Paris:-

45 1/9

Bank Bills, on demand 100% Credits 4 months' sight 1:145

Un Saigon

Ja Manila

..

On demand

1N 3/4

On demand

On demand

Sterling Notes:--:

48 7/8

...... 148 1/2

Bank Buying Rate

... 1/3 15/1 Bar Silver per ok. 215/5

in Bangkok:-

Market Report

FROM KOZA BROS. Silver prices dropped yesterday to the extent of 3/8 for Ready and

Appearing before Mr. R. A. D. by their conduct in not making Forrest at the Central Court yes-7/18 for Forward, the quotations known at the earliest moment their, terday. Ngal Hel.. shret employed knowledge of the fraudulent mort by Roman Catholic priests who was gazes, estopped from retaining any charged with giving false informa- redress from "the defendant, sub-tion to the police. was bound over mitted Mr. Sheldon,

in a sum of $100 for 12 months, The case will be continued at The Rev. Fr. Grampa stood as 10.30 am, today.

guarantor.

Reduction Of Previous Year

Loss During Reported At

being 21.5/8. and 21.3/4 rèspective- ly. Silver advices reported India and Speculators as having sold, The market was steady with very poor support. American Bliver was quoted at 34.3/4 for Spot

3

The London-New York cross- rate was quoted at 402. New York- London was quoted at 395.

Market

Quiet throughout the day.

. Sterling

There were sellers at

1/2.15/16 January and 1/2.29/32 February? March, buyers probably at 1/231/

Asia Lands, Ltd. Meeting 32 Cash and 1/1.15/16 Match, prob-

ALOS'S ON WORKING OF $3.422.27 A SUBSTANTIAL REDUC- TION OVER THE LOSS SUFFERED DURING THE PREVIOUS YEAR. was reported at the eighth annual meeting of Asla Lands, Ltd., held yesterday at the offices of Messrs. Lowe, Bingham and Matthews, secretaries.

Mr. L Kadoorie, chairman, presided, others present being Messrs. E. M. Bryden and G. Miskin, directors, and Messrs..

shareholders, J. Fleming and A. E. Guterres,

CHAIRMAN'S SPEECH

The Chairman said:-

I regret that the accounts placed before you again show a loss, but the item of depreciation amount

if

40 $48 533.41 be excluded, it will be seen that the actual loss on NOT AFRAID

working this year is $3,422.27 com- Defendant told the Court that pared with $16,222.28 last year, a the deceased remarked that being reduction of $12.300.01 which I a robber he was not afraid of think you will agree is very satis- death, and attacked him. He factory.considering the very dif- warded of a blow and delivered a cult times through which the Com- swing with the knife, stabbing the Pany is passing. deceased in the abdomen. Defen- dant said that he only intended to frighten the deceased, but when the latter attempted to attack him

he delivered the blow,

NET INCOME

Net Income from properties has increased by $9.591.28 mainly at-

house properties. The overdraft on "Permanent" Fiers Account, however, has increased by about $6,800.00, the meagre net income from the Hing Kee Wharf being in- sumcient to cover Bank Interest on the relative loan,

REPORT ADOPTED

counts were adopted, after which The report and statement of ac- Mr. L. Kadoorie was re-elected director and the appointment of Messrs. E. M. Eryden and G. Miskin as directors was confirmed. Mr. J. Fleming was elected to the board. Fleming were re-elected auditors Messrs. Percy Smith, Seth and for the ensuing year.

יו

H.K. STOCK EXCHANGE

'butable to enhanced revenue Trading continues on a broad from aur. Po Tak Wharf. We have scale.' The price for Docks has The prosecution was conducted not been so fortunate with the shown some slight recession after by Mr. M.

J. Abbott, Assistant Hing Kee Wharf which, as I pre- touching $21 but the demand is Crown Solicitor, assisted by Inspec- viously stated, is not situated in not yet satisfied. Electrics, Tele- tor Hopkins.

such a favourable locality and phones and Wharves have also naturally suffers to greater been in some demand. Hongkong TRAFFIC ACCIDENT Iver trade caused by the Sino- 51380 with further enquiries for extent from the disruption of the Banks have come to business at SEQUEL: CHARGE Japanese. hostitles. However,

ด

after great dimculty we secured a

OF MANSLAUGHTER tenant at a reasonable rental for

Lieut. Thomas Parkinson, Quar- one side of the wharf though this termaster of the Hongyong Yolun welcome recovery lasted only ave teer Defence Corps, was charged months.

with manslaughter when he We had a later enquiry from an-¡ appeared belote Mr. R. Edwards, other party and arrangements for at the Central, Court yesterday. a lease at a remunerative rental The charge against him is the had almost been successfully com- sequel to, a traffic accident which, pleted when Occurred, at the junction of Bon- Japanese

the news of the invasion of Swatow

fore, that any expectation of sub- stantial Income accruing from this wharf must be deferred until the cessation of Sino-Japanese hostili-

ham Road and Breezy Path on caused an abrupt, break in the " Dec, 23, when. It was alleged, he negotiations. It is apparent, there- knocked down and killed a Cht nese boy, name' Wong Chui-lam.

Insp: Saunders of the Traffic Department, applied for, and was granted; a formal remand of seven ties. days. Ball was allowed at $100,

THEOSOPHY AND MODERN NEEDS

A large attendance was present

WELCOME CONTRAST I welcome contrast to our wharf property, I am glad to be able to report that our house properties are fully occupied at reasonable rentals.

scrip.

BUYERS Union Ins.. $430. Hotels, $5.19. Tramways, $17.10. Yaumati Ferzics, $231. Electrics, $53.

Telephones" (0), $24)

Ropes, $5.90.

ably February.

U. S. Dollars Seller, at 24.9/18 January and 247/15 February, buyers at 24.5/8 Cash and 24.1/2 February.

Shanghai Dollars

At the opening there were sellers

314. at 318.1/2. Closed with sellers at

Shanghai Market

at 4.21/32 at the opening and closed Firmer. Sterilng sellers for Spot

at noon with sellers at 4.47/64 for Spot. US.S. opened with sellers at with sellers at 7.25/32 for Spot. 7.21/32 for Spot and closed at noon

Quiet.

Market

Sterling.

1/2.15/16 January and 1/2.29/32 The market closed with sellers at

32 Cash February-March, buyers at 1/2.31/ and 1/2.16/16 March, probably February.

U.N, Dollars

Sellers at 24.9/16 January and 24.7/16 February, buyers at 24.5/8 January and 24.1/2 February.

Shanghai Dollars

. Opened with sellers at 313 Subsequently the rate receded to 310 and towards the close sellers were quoted at 313.

Shanghai Market

Sterling opened with sellers at

4.47/64 for Spot. Later the rate rose to 4.3/4 and at the close sellers for Spot were quoted at 4.23/32

Shanghai Exchange

Shanghai, Jan. 4 (Reuter).

Official T.T. Rates

London

New York

Japan

Watsons, $9.10.

India

Entertainments, $84.

Paris

Constructions (0), $13.

SALER

Hongkong

H.K. Bank, $1380. Union Ins.. $430.

Spot

Jan.

Wharves, $102. Docks, $21.30/1/60/2/70. Providents, $4.55. Hotels, $51.

Feb.

Spot

Jan

Feb.

Electrics, #53

Telephones '(N); 39:10. Osments, $173:

HONGKONG

SHAREBROKERS

ASSOCIATION

Volume Of Business Transicted"

The sale for, $10,000.00. of the at the Theosophical Society's rooms vacant land. next to our. Breezy yesterday, to hear Mr. A. F. Knud- Terrace property was completed sen; Presidential Agent, who'de-, during the year and as already on Thursday, Jan. 4, 1940, livered. an. Interesting, lecture on advised you, the sum realised has HK. Docks

HK. Banks ...... 20 $1,380,00 Theosophy and Modern Needs. been applied towards reduction of

HK Docks

It was a good thing to be alive, the book value of this property.. EK, Docks sold the speaker. He did not know Our Investment in "Concrete H.K. Docks anyone, who. was. glng that he was Products Ltd. which had stood in China. Providents 500 dead, but he knew a lot of people the books at the nominal value of HK,. Electrics enjoyed living. Men had $100, has been finally disposed of Ropes. who developed science but had for got- for: the sum of $1.350-00.- ten how to use it. Intelligence was

BANK, OVERDRAFT

0/4-1/4

8-7/8

29-1/4

23-1/2

3.11 28-1/4 Sellers Opening Closing

·0/4-47/64 0/4-3/4 0/4-45/64 0/4-23/32 0/4-41/84 0/4-21/32 U.S. Dollars 1.

$7-25/32 $7-13/16

7-11/16

7-9/16

7-3/4

7-5/8

Market: Quiet but steady,

Merchant Rates

Sterling, 0/4-11/16:

US. Dollars, $7-11/16.

Silver Duty Bate The Central Bank of

China's rate on London at 10 a.m. today was 1/2-1/2d.

The Equalisation rate was 14 Der cent

New York, Jan. 3 (Reuter).

150

21.50

800

21.60

400

New York Exchange

.21.70

700.

21.75

4.55

Silver, Official, 34-3/4.

473

53,75

500

6,25

Calcutta Exchange

Dairy Farms (0) 720 HK Hotels

21.75

870

100

50

5.25 33.00 70.00

T.T. on Japan, 79-7/8.

100

Calcutta, Jan, 3 (Reuter).

102.00 India Rupes Paper 5,000 Ps. 0.25

rated below brutality, and although Our Bank overdraft op "General", HK. Lands man had become civilised mechan- account has been reduced by ap-Star Ferries...... ically he had not Improved morally.proximately $14.900.00 from the Wharves...

Theosophy. which preached proceeds-received: from the sale. of*Big Wedge brotherhood. could help to solve the vacant land and "investment San Mauricios... 2,000 Ps, 0.98 these problems, salg the speaker: and from surplus Income from ⚫Sale on Wednesday," the 3rd!' nominal.

inst

Bombay, Jan. 3 (Reuter). Government- 34% Ruped, 28-0-0

"

FRIDAY. JANUARY 5, 1940. —PAGE 5

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