1908-03-06 — Page 12

2) Entimation.

Wm.

Powell,

Ld.,

ALEXANDRA

BUILDINGS:

BOOT & SHOE

DEPARTMENT.

Smart

Footwear

for

Every

Occasion.

ENGLISH,

FRENCH,

AMERICAN

SHAPES.

Stylish

SHOES,

Smart

BOOTS, Comfortable

SLIPPERS.

LATEST MODELS,

THE HONGKONG TELEGRAPH FRIDAY MARCH 6, 1908.

“SHARES-SIMPLY SHARES.”

BROKER AND THE CAUSE OF HIS

INSOLVENCY...

יי.

The following is taken from the Singapore Free Press of ath ult.

C

Ob1 shares, shares, and nothing else 1" was the reply of Harald Latham, broker, at his pubac examination to bankruptcy, when asked to account for his insolvency. Debtor yester day appeared before. Mr. Justice Sercombe Smith in the Council Chamber and for cearly the whole of the morning he was under ex- amination, the information elicited being in- teresting, and throwing aå ibatructive light on the plifalls of forward selling and the refusal of people to take up the share-with a falling market and loss as the sequels.

Mr. Emerson appeared with the acting Om. cial Assignee.

...

some years ago, in 1903. He had paid $9,000 of this off—the last payment being in Sept. 19 7. The Official Assignes: "I take it your faiforn wás due to your December settlement ?” ¡jij was not in their favour. They lost $1,50 in "Lebtor: "Yes," The November saitement

Faubs. The sum total of settlements to Nos vember was in their favour.

"Were you solvent at the end of Nove berd was the next question.

"Yes" debtor replied. "I thought I was solvent, and expected to be in December if people paid alright."

Yap Yow Teck was witness largest debtor in shares-Stoo. There were cates where they had delivered shares ned people did not pay. Tan Hood Guan, $17jo. As far as he knew, actip was delivered and he did not pay. They were vqually paid the same day. They did a large forward contract business to Decem.

Mr. Montagu Harris said he appeared for aber and also in the present year. They had creditor and would cross-examine the debtor, sold forward shares they had not bought, and the Acting Official, Assignté' said there

"You acted both as brokers and jobbers," was no objection provided he had a written the Official Assignee querled. authority from the creditor. Coupsel had got this written authority... His client lived in Taiping.

THE FIRM'S COMMENCEMENT. Debtor, Harold Latham, went into the box, and said at the time of his failure hit occupation ,was that of exchange, share, shipping, coal and produce broker. The name of his firm was Latham and Co, and he was sole partner. The fim started business on April 1, 1902, as Latham and Co. From that time till now be had been the sole partner. He first arrived in Singapore in 1879. He c came out first 10 a

ness.

His lordship: "What was your balance at the bank?"

Debtor: "A few hundred dollars." When

they dissolved they had had very heavy losses. He collected the assets of Latham and Macing- gart and paid the liabilities.

"Yes," and Latham, if we did. We ought not to have done, but we did." l'e put on the contracts." Account Principal."

His lordship And this meant there was a person bebind you for whom you bough!

abares ?"

"But," went on the Official Assignee, “in a good many cases you did this when there was nobody, behind you. Don't you think people assumed there was? "

Latham: "I don't know what they assum. ed. They certainly' never asked."..

On Dec. 13, he owed the Mercantile Bank

$1,500, on an overdraft. On the 30th they

merchant firm-Syme and Co. and he went to Java, for them. He left Java for England in paid in a cheque for Sar,000 and the manager 1885 and returned a year later, when he started would on lei him take out $11,500. Mr.Hoge his business as a broker s H. Latham, with told him she tank was going in keep this no päitsers, unul 1897. Then Mr. J. G. MBC $1,50, and the manager, asked-by-witness, taggart joined as a partner. They went on to why, (as he had before promised to let him pay March 31, 1901, when they dissolved partger-out cheques as much as he put fo) said "cir- ship, by mutual consent. Then he started camstances had changed." Witness saw the Latham and Co. which went on to the time manager, when he did not make up his mind. of his bankruptcy. His capital at the time was

Next day, however, he said he had made up kis perhaps $1,700 which was already in the busi mind to stick to the money. Between Dec. 30 and Jan. 3 the whole of the overdraft had been wiped out. Up to the goth he was fully under the impression that the overdraft would remain there. The Mercantile Bank once refused to honour a cheque he drew on them-on the 3rd, he thought. This was for' 52,771,. in favour of E. Soloman.. The cheque of The Judge: "Which were the greater?"! $29,000, paid into the Mercantile Bank, was Debrar: “The liabilities. I went into liqui-paid in him by Mr. MacMillan. There was datman" ankrupt added to the Official Ar- also owing from the same source $10,qnh, The signee, that they compromised, some debis cheque never came to the office. Mr. Hogg He started with a clean sheet. The books be he thonght paid, it to Mr. Monassch, direct. On kept were cash, and day books, journal, and Dec. 24, he paid $17co to Manasseh, and on ledger and progress books-"contract books the 319, still owed $19,7 1..19 this cheque lor that brokers keep." They were audited by Mr. 519,000 was paid him on the and he was paid Resnic in 1904 which was the only time La- | in full. Had the cheque come to the office he tham and Co.'s books were audited. A Chinese would have stopped it. It was not given by clark once a month inade out a balance sheet. his instructions. The $2,000 from Mr. Macy Asked if he made money in 1902, debtor said. Millan'was a payment on account. They had "Yes," Roughly they must have nisde a profit bought and sold for him. of about $, a month next year, and all the time until the end of 1925 they made about Sisco a month. A year later they lost money. He accounted for this by selling shares forward at a loss, debtor replied to the judge.

On January 3, 1938, he filed bis own petition.if 300 Serendahs were bought from Mr. Schult- The office expenses in 1907 were monthly aver 5000. He remitted home (500 for his family Lin 1957 and his personal expenses were about $300 a month. He had four-children at home. Did you as Latham and Co. have a banking account?

Debigr: "Yes, with the Hongkong, the Chartered and Mercantile. Jasterly we dealt mostly with the Mercantile Bank because we got facilities in the way of an overdraft."

A BORNEO TIMBER CONCESSION THAT.

FAILED.

He was interested in a timber concession in Borneo in 1902' with, Mr. David and Mr. L. Anderson, They were three partners, He put into the concern no capital, but he had a share, because David and he had the concession. Mr. Divid got the concession and gave him a half share because witness had rendered him services: David had a good title from the Dutch Government as far as he knew then but now it was cancelled. Mr. Anderson put the money in, Sie,spo,_and_put_ $1,000 mere in afterwards. They had three equal shares in the concession. The business went on two or three years and they paid three years rent to the Sultan al 100 guilders a

month. They never made my profit. The concussion was lost because they did not pay any rent-e found it was impossible to make money out of it, so he stopped it. He had one liability-they took in a Chinamoo, and they

|

|

The Official Assignee asked no more ques tions, and Mr. Haitis asked for a postpone ment in order to get the authority to appear previously referred to.

On behalf of a creditor Mr. Baddeley asked

cer of the German birk. He did not know how the transaction iork place. "He knew the shares had not been paid for-there was no

money.

The examination was adjourned.

Entimations.

THE

CHIVAS PROVIDENT LOAN AND

MONTGAGE CO., LD.

(CAPLES, PAID UP 1.....................$1,000,000.) Loans on Mortgage of House Property, Ķe, Goods received on Storage, Advinces made on Merchandise. Loans made on the Providegt System,

(Rates and Particolars on application)..

THE OFFICE OF TRUSTEE, EXECUTOR OF WILLS, ATTORNEY, &c., Undertaken and Executed...

SHEWAN, TOMES & Co... General Managers, Hongkong, 2nd December, 1907.

THE

FAB.

EASTERN CYCLE CO. 3, ARSENAL STREET, WANGHAI

thought he was a partner. The judge decided BICYCLES--BICYCLES.

he was not. He was sued and debtor had to pay $6,000. He had paid all but $1,600 of it. This ‚venture began in August 1902. Debtor also had to pậy $1,254 for land he rerted in Singapore to store timber." He trok à lease for five years and got it couço'led, There was now no other liability on the con-

CORRECT STYLE, cession: Davd owed him $10,00-his share

of the loss in the venture, Witness bad paid all the liabilities. There were $10,000.spent,

SUPERIOR FINISH.Anderson put $13,000 and witness paid every-

WM. POWELL, LTD.,

Des Voeux Road,

and

28, Queen's Road,

FONGKONG.

thing else.

WHAT CAUSED IT.

"What do you consider the cause of your insolvency?"

Waness; "We sabi sharco, firwa dy people could not takethem up and they had to haresold at a loss..

',

"Shares, shares, nething elsel" said witness, were the cause of his bankruptey. "I looked after coal and produce,” added debtor.

* la your life insuret ?" asked Mr. Badelay. ...M Yer" wat the answer. "For £2,000. The policy is in my children's name." Witness said ho had það a loan on the policy for $1,000.

The Official Assigner ..... “If...-it, is in your children's name how did you get the loan?".

"Debtor: ** I can't tell you that, but I got it.".

CHEAP SALE.'

D. FOR A SHORT PERIOD ONLY. . COMMENCING FROM January 10, 1908.

MACHINES

.FOR

LADIES and GENTLEMEN FITTED with

2 and 3 SPIT GEAR, OF ALL

GRADES and GUARANTEED ENGLISH MAKES.

All Prices to suit individual requirements.

BICYCLE ACCESSORIES :

Entinations.

SAINT RAPHAEL

TONIO, RESTORATIVE, DIGESTIVE WINE

Very pala tabloi

Known throughout the work, and prescribed in all cases of Anomia, Debility and Convalescence, to young women, children and the aged. Invaluable in hot climatos,

DOBE One wine-glass after the two principal meals,

Each bottle of genuine VIN SAINT-RAPHAEL boars, in addition to the registered trade-mark :

(1) The WARRANTY STAMP of thé UNION 'DES PARRIGÁNTE. (3) A METAL SEAL advertising ULETEAS.

CLETEAS & MELISSA and MINT cordial

which surpasses all others by its purety and faultless preparation. To be taken on a lump of sugar. COMPAGNIE du VIN SAINT-RAPHAEL, Valence (Drôme-France)..

"VALDBECKIMACGREGOR & Co., Hongkong.

THE TRADE MARKS ORDINANCE, 1898.

APPLICATION FOR REGISTRATION OF A

TRADE MARK.

Consignees.

NOTICE TO CONSIGNERS.

"HE P. & O. S: N. Cola Steamer

[“PALMA,” M

THER

FROM ANTWERP, LONDON, : MALTA; PORT SAID, SUEZ AND STRAITS."-- Consignees of Cargo by the above-named vessel are hereby informed that their Goods are being landed anil placed at, their rich in the... Hongkong and Kowloon Wharf and Godown. Company's Godowns at Kowloon, where sach consignment will be sorted out mark by mark, and delivery can be obtalded as soon as thỏ Goods are landed.

· This vessal brings on. Cargo —

From Persian Gulf, ex B.I.§‚N. and B. &

P. B. N. Co's Steamers. Optional Goods will be landed here unless instructions are given to the contrarý before 6 hours,

Goods not, cleared by the 6th. Mirch,; at. 4 P.M., will be subject to rent.

No Fire Insurance will be effected by mo ln any case whatever.

Damaged Packages 'must be all in the Godowni for examination by the Consignaes? and the Company's representative' at 'an appointed hour.

All claims must be presented within ten days of the steamer's arrival heis after

which

No claims will be admitted' after the goods lave left the Godowns,

date they cannot be recognised,

[64

Consignees,

HAMBURG-AMERIKA LINIE.

NOTICE is hereby given that Mr. UNTHE H. & L. Steamship.

"SAMBIA,"

CHAK WING, Trading as the SEU Loone firm at No. 396, Des Voeux Road, Victoris, in the Colony of Hongkong, has, on Captain Miller, having arrived, Consignees of the 17th day of December, 1907, applied for Cargo are hereby requested to send in their the Registration, in Hongkong, in the Register Bills of Lading for countersignature by the of Trade Marks of the following Trade Mark, of their goods from alcaksunmediate delivery

The words OWL BRAND surmounted by a

distinctive device of an Owl and the Wax impression of a seal bearing a, similar device and the words Sau Loong, Hongkong. Below are the words SEU LOONG;

in the name of the said UN CHAK WING, who claims to be the sole proprietor thereof.

The Trade Mark is intended to be used by the Applicant in respect of the following

goods, in the following class, viz., :———

CLASS.42. RESPECT OF CHINA SOY. A facsimile of such Trade Mark can be seen at the Uffice of the Colonial Secretary of Hongkong, and also at the Offices of the Undersigned.

Dated the toth day of January, 908,

HASTINGS & HASTINGS, 38, Queen's Road Central, Hongkong, Solicitors for the Applicant

Too]TM

WHERE ARE

1

YOU GOING?

WHY, TO CHAZALON & CO.,

6, QUEEN'S ROAD Central, Where I am sure to find the best FRENCH BONBONS,

11

LIQUEURS,

'BURGUNDY,

BORDEAUX,

Optional Cargo will be forwarded unless notice to the contrary be given before TO-DAY.

Any Cargo impeding her discharge will be tanded into the hazardous and/or extra hazard ous Godowns of the Hongkong and Kowloon Wharf and Godown Co., Limited, and stored at Consignees' risk and expense.

All Claims must be presented within ten days of the steamer's arrival here after which date they cannot be recognised.

No Claims will be admitted after the Goods have left the Godowns and all Goods remaining undelivered after the 7th prox., will be subject

to rent.

All broken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on the 6th prox., at 3 P.M.

No Fire Insurance has been effected.

HAMBURG AMERIKA LINIE, Hoogkong Office.

[273

Hongkong. 29th February, 1968.

"MOGUL" LINE OF STEAMERS.

NOTICE TO CONSIGNEES..

STEAMSHIP "PATHAN," FROM GLASGOW, LIVERPOOL AND

CONSIG

STRAITS.

ONSIGNEESof Cargo are hereby informed that all Goods are being landed at their risk into the Godowns of the Hongkong and Kowloon Wharf and Godown Company, .td., at Kowloon, whence and/or from the wharves

delivery may be obtained.

•

No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining andelivered after the 7th proximo will be subject to rent..

-

CHAMPAGNE

All Claims against the Steamer must be pre- and sented to the Undersigned on or before the

| 31st proximo, or they will not be recognized. CLARET.

All broken, chafed, and damaged Goods are *53

to be left in the 'Godowns, where' they `will be sxamined on the 7ih proximo, at to AÏM, T

No Fire Insurance has been effected.. Bilis of Lading will be countersigned by

DODWELL & Co., LIMITED, Agents,

Hongkong, 20: January, rocB

PAUST BREWING COMPANY, MILWAUKEE:

FRESH SUPPLIES ALWAYS KEPT IN STOCK BY

SIEMSSEN. & Co.,

Agents for

HONGKONG & SOUTH CHINA, Hongkang, 29th Julw, tony,

GREEN ISLAND CEMENT COMPANY, LIMITED.

PORTLAND CEMENT.

In Casks of 375 Br. net $5.00 per Cak ex Factory.

fa Bage of ago-h.net $8.00 per Bag ex Factory

SHEWAN TOMES & Co.,

General Managers. Hongkomy, 3rd October, 1907,"

Consignees.

NOTICE TO CONSIGNEES.

"HE P, & O, S. N Co.'s Steamer

THE P.

"BORNEO,"

Hongkong, 29th February, 1908

[ays

BARBER LINE OF STEAMERS,

NOTICE TO CONSIGNÉES.

STEAMSHIP. SIKH,"~/ FROM NEW YORK AND STRAITS, CONSIGNEES of Cargo are hereby

formed that all Goads are being landed at their rink into the Godowns of the Hong- kong and Kowloon Wharf and Godown Com- pany, at Kowloon; whence and/or from the wharves delivery may be obtained.

in:

No Claims will be admitted after the Goods bate left the Godowns, and all Goods remaining undelivered after the gih instant will be subject to rent

All Claims against the Steamer,must be presented to the Undersigned on 'or before the 31st instant, or they will not be recognised.

All brokes, chafed and damaged Goods are 15# to be left in the Godowns, where they will be

examined on the 9th,insinat, at 3 P.M.

No Fire Insurance has been affected.`- Bills of Lading will be countersigned by......

DODWELL & Co., LIMITED...

Agente

Hobokeng, 2nd March: vo+8

· HAMBURG-AMERIKA LINIE,

FROM ANTWERP, LONDON, MALTA, THE HA. L. Steamship

"BELGRAVIA,“.

1281

PORT SAID, SUEZ AND STRAITS. Consignees of Cargo by the above-named Captain Hildebrandt, haying arrived, Con- vessel are hereby informed that their Goods are signees of Cargo are hereby requested to send | being landed and placed at their virk in the in their Bill of Lading for countersignature Hongkong and Kowloon Wharf and Godown by the Undersigned and to take immediate Company's Godowns at Kowloon, where each delivery of their goods from alongside. '. consignment will be sorted out Mark by Mark, Optional Cargo will be forwarded unless and delivery can be obtained as soon as the notice to the contrary be given before TO: Goods are fanded,

.

DAY, Optional Goods will be landed here unless Any Cargo impeding her discharge, will be instructions are given to the contrary before | landed into the barardous andĵor extra hazard- ous Godowns of the Hongkong and Kowloon ∙Goods pot cleared by the 7th Instant, at Wharf and Godown Co., Limited, and stored at -4P,18,, will be subject to rear.

Consignees' risk and expense..

LAMPS (78% and oil), BELLS, TYRES, CYCLO-6 hours,

METERS, INFLATERS, SPANNERE, AND EVERY OTHER REQUISITE FOR 'CYCLISTS.

NEW BICYCLES FOR HIRE

„Repairs UNDERTAKEN. · EXCHANGES HFFECTED.

THE

,

No Fire Insurance will be effected by me in All Claims must be presented within ten any case whitevet.

days of the steamer's arrival here after which Damaged Packages must be left in the date they cannot be recognised. Godowns for examination by the Consignee's No Claims will be admitted after the Goods and the Company's representative at an ap have left the Godowns, and all Goods remaining pointed hour,

undelivered "after the stih inst, will be subject

All claims must be presented within ten days to rent.

of the sleamer's arrival here after; which date. All broken, chafed, and damaged Goods are to be left in the Godowns, where they will be

He had a fudiment on a promissory no's EASTERN CYCLE CO. they cannot be recognised.

againit David for $3,000 about a year ago. He bankda m got nothing. David was at Pontianak. Witness

bad signed a promissory' i

poțe with Anaronium:

ARSENAL STREET

WANDHAL, CA

Hoogkong, 15th January, 1909,

No claims will be admitted after the Goods examined on the 10th feat at 3 P.Mikod have left the Godemus, u uw

No Fits Insurance has been effected, brin

HAMBURG-AMERIKA LINIE: AgHongkong. Ofice

AUZEA HEWETT, MAAR

SkySuperintende L Kangkong, kes March, 1958).

E, A, HEWETT,

Superintendent

Hongkong, 29th February, roe8

S.S.: "POLYNESIEN."

COMPAGNIE DES MESSAGERIES

MARITIMES,

NOTICE TO CONSIGNEES.

CONSIGNEES of Carge from London ex "1.4, Medoc, Cordovan and Dordogne and from Bordeaux ex s.a. Villa d'Arras and... Ville de Dunkerque, in connection with above Steamer, are hereby informed that their Goods, with the exception of Opium, Trea- sure and Valuables are being landed and stored at their risk into the hazardous and/or extra hazardous Godowns of the Hongkong and Kowloon Wharf and Godown Co., Limited, at Kowloon, whence delivery may be obtained immediately after landing.

intimation is received from the Consignees Optional Cargo will be forwarded on unless

before Noor, TO-DAY, requesting it to be

landed here.

Bills of Lading will be countersigned by the MONDAY, the oth March, at Noon, will be Undersigned. Goodi remaining unclaimed after

subject to rent and landing charges.

All claims must be sent în to me on or before- MONDAY, the 9th March, or they will not be recognized.

All damaged packages will be examined on MONDAY, the 9th March, at 3.P.M.

No Fire Insurance has been effected.

J. MILLET,

Agent

Hongkong, and March, rong

NORDDEUTSCHER LLOYD, BREMEN, IMPERIAL GERMAN MAIL LINE.

NOTICE TO CONSIGNEES;"

THE Steamable

#PRINZ LUDWIG,”. having arrived, Consignees of Cargo are hereby informed that their Goods, with the exception of Opium, Treasure and Valuables, are being landed and stored at their risk into the hazardous and/or extra bazardous Godowns of the Hong- kong and Kowloon Wharf and Godown Com- pany, Limited, at Kowloon, whence delivery may be obtained.

Optional Cargo will be forwarded, unless, notice to the contrary, be gives before TUESDAY, the 3rd of March, at Noon.

"No Claims will be admitted after the Goods have left the Godowas, and all Goods remain- ing undelivered after the roth of March, will be tubject to rent.

All broken, chafed, and damaged Goods are -- to be left in the Godowns, whore they will ba examined on the 10th of March, al 9.30 AM.

All Claims must reach us before the" rath of March, 1908, or they will not be recognized."

No Fire Insurance will be affected. Bills of Lading, will be countersigned by the Undersigned.

[

NORDDEUTSCHER Lloyd.

MELCHERS & Co,. Agents..

Hongkong, 3rd March, 1908.

NOTICE TO CONSIGNEES. "THE P. & O. S/N. Co's Steamer

"MARMORA," A FROM BOMBAY, COLOMBO AND STRAITS. Consignoos of Cargo by the above-named vessel are hereby informed that their Goods rp being landed and placed at their pisk in the Hongkong and Kowloon Wharf and Godown Company's Godowns at Kowloon, where each consignment will be sorted out máik by mark, and delivery can be obtained as soon as the Goods are landed.

This vessel brings on Cargo:—

From London, &c., ex S.S. Moldavia, From Persian Gulf, er B.I.S.N. and B. & C P. S. N. Cols Sièamers.

Optional Goods will be landed here unless Instructions are given to the contrary before 6 hours

Goods not cleared by the 11th ist,

4 P.34., will be subject to rent.

No Fire Insurance will be effected by me in any case whatever.

Godowns for examination by the Consignee's Damaged Packages' must be left in the and the Company's representative at an sppointed hour*,

All Claims must be presented within tan date they cannot be recognised, days of the steamer's' arrival hare after which":

No Claims will bu ́admitted after the Goods have left the Godowns have reg

E A HEWETT,

Superintendent Hongkong, 5th March, 1908. - 1900

OTICE

Public are hereby informed that no Subscription to the Honghong TRIPLE AN

change has been made in the Rates they are warned, against paying more than TEN CENTS (10 cia) par Single Copy.

SYOP THE MAN