1911-03-25 — Page 6

114

SUPREME COURT,

IN BANKRUPTCY, In the Supreme Court Wednos- day morning, in Bankruptcy be fore the Chief Justico-Mr. Eldon Potter made an application on

behalf of Mr. Fletcher, the Officin}

Receiver, that in the bankruptcy of Kwang Choong, two payments made by the managing partner of that firm, in bankruptcy, be de- clared fraudulent,preference...

Mr. Mareus Slade appeared for Messrs, Molchers & Co., the firm who hand received the payments

referred to.

Mr: Potter, in hisoponing, said that this was, an application that

THE

monts. The manager, after making the affidavit, disappeared, Melchers would not suffer; it was the Tosor. Preferonca paymont their compradore who would be might therefore be made with perfoet impunity. If the man disappeared the Official Receiver was powerless. They realised the peculiar position of longkong.

ride unit of long this allavit could be admitted this application ought to be dis- missed. The Oficial Receiver did not appreciate ho dormant motive for the payment which was with the view of protecting certain creditors and dofrmuling others. The intention inust boto defrandothers. Hthe payment was made not with the view of gaining time and settling up his affairs and defraud his creditors then it was La ensy of fraudulent preferenco. At this stage the Court journod,

HONGKONG

YOKOHAMA SPECIE

BANK.

TELEGRAPH

As reported in a provious issue the sixty-second semi-annual meeting of shareholders of the Yokohama Specio Bink, Ltd., was

SATURDAY: MARCH:

COMPANY MEETING.

251911

potroleum at 348.7 to 10% a ton will do the work of 300 tons of

A FATAL MOTOR CA

ACCIDENT.

AT WEST POINT.

About half-past firco'clockMon-

The bills of exchange sold on Toroing countries in Japan during the second half year represented INTERNATIONAL PETRO-coal. It will require only half the THE PRESIDENT'S SPEECH,n value of Y40,770,000, and those

LEUM COLD.'

usual engine and boiler space, and bought Y116,110,000, making a

ono fourth bunker space, and dis- total of Y150,880,000. I wo

The statutory mooting of the penso with from 50 lo 75 per cont comparo, those figures with those International Petroleum Com of stokers. The vessel will have of the preceding year it will be puny, Limited, was hold Monday no funnels." That petroleum posday night a Chinese was knocked found that there is a decrease at the officos of Mosare. Barretto sosses immense advantages over down and killed by a motor-car held at the Bank's head offices ataunting to Y14,010,000 in bills & Co., the goneral agents of the coal from the point of view of fuel in Connaught Road West, near

of oxelango sold, but an increase Company.

is an undoubted fact, lansmuch Jardine's T'ior. The unfortunate as in the maturo of things, thoan was one of a gang of point- field cannot come into bearing for sampers who had just come ashore some little time, you will under-in a launch from the s.a. Siborią. stand that it this stage of tho It was raining heavily at the time Company's affairs we have really and the coolies were running nothing definito to say, beyond across the road to get into the assuring you that we hope to have shelter of the verandal on tho good nows at an early date of opposite sido. successful beings, and that when wo, meot again we shall be in the

camo up from behind, knocked of our stewardship.

A vote of thanks to the Chair-him down and ran ayor lum. 1o.. man closed the proceedings.

Yokohama, Tu dealing with the report and accounts Baron Taki hashi, the President, made the following speech-

Docansed, it appears, was run- ning with his head down in ä

the payments made to Melchers with no other object thna to of the Bank's business and of resulting in an ineroaso of Y47-11 think I may say with coifidance position to give you a good account slanting direction when the car

on the 25th Nov., 1910.

DEVELOPING WHAMPOA:

VICEROY DESIRES TO

PROVE RIVER PORT. Our Canton correspondent his reported, and ale native papers support his assertion, that the Canton Vichroy is desirous of raising Whampoa once more to its pristine, glory as a trade mart, in consultation with his visors,

{་

E

EXPORT OF NATIVE GOODS.

AUTHORITIES.

21

was picked up unconscious, and taken to No. 7 Police Station and afterwards to the hospital, where ho died about nine o'clock. Tho car was driven by a Filipino and carried two passengers a Euro- poon lady and gentleinan

timo knowing that ho was insole is said to have pointed out that 'wards the ultimate recovery of to Y. 15,000,000. This iden of provo satisfactory, as we have excess of the limits and that Chinese would attack the car and

HOW

do.

Inspector W. Robertson con- dusted the prosecution.

in these bought of ¥23,610,000 Tho notice convening the meot, Again, the bill of esclangoing having been read sold abroad on Japan amounts The Chairman said:-Gentle to 144,120,000, and the oxchange msn-This is the statutory meet Gentleinen placing bought to Y120,110,000. These ing of the Company in compliance figures when compared with those with the law. There are no re- fore you the report and accounts of the preceding lulf year, show solutions to be passed, and there, of the Bank for the second-half a decrouse of Y1,780,000 in bille is no voto of any kind to be taken, of the dard your of Moiji, of exelange sold, but an increase The board got to work as soon as desire to make a brief statement 40,900,000, in those bought, the Company was registerou, and

820,000 on the whole.

wo have already done good work I regret to state that, notwith on your behalf. I take this op- the general trendl of the economic & Co, be sat naido, as anel; pay-

conditions of the country during standing the economic improve-portunity of saying something as ments amounted to a fraudulent

the period under review. Generment and the increase of the to the position and prospects of preference and were contrary:

figures in the Bank's exchange this Company. The Company. ally sporking the economic cir- transactions, as a result of good was incorporated on the 21st the policy of tho Bankruptcy Act.

cles of the country have not foreign trade, the profit of the Novomber last, and received a There were several 'preċesiónts of such payments being set aside,

yet displayed any particular Bank during the half year has certificate entitling it to com- ACTION BY THE CHINESE even some payments made by the

activity during the period fallen below the mark of thus pre-nence business à few days

· Official' Receiver subsequently

vious half year by ninety thou-after. Wo have gone to al, 12nior

The number of the car was Since review,

list being considered as fraudulost

sand old. I now beg to move, totient on 19,500 shares includ. (THE "TELEGRAPH CORRESPONDENT.] taken by a lakong and the vehicle spring, however, our foreign preference. In this case the 'ras

gentlemen, that you will approve ing the purchase considoration.

was identified as bolonging to coiving order

trade, both import and export, and adopt the distribution of As the money we have in hand is

Canton, March 19. was made in

Messrs. Nicol and Co.'s garage in August and the firm made

has been improving, and enter the profits as laid before you and suflicient for the presont opera- Tho Minister of Commorce has Des Voeux Road West. Sergeant The pulition was filed on the

prises of various descriptions out to essary directors and tions of the Company, it is very writton to the Canton Viceroy& Grant made inquiries at the Nov. These procedulings vore

have lain steadily projected and confusion, I have probabio that the directors will with respect to the export of motor-cur depot and arrested the a mossure to submit for your de-not, unless under exceptional eir native products by foreigners. drivor, who gave as his excuse the result of certain admissions

the scope of old establishments liborate considonation, which is cumstances, allot any more shares in the despatch the Minister for not stopping, that the passen mado by the bankrupt in his pubs

enfurget. Thus diere are signs no ather than that of in at par, until receipt of news from says that foreigners have very gors ordered him to drive on. lic examination. Counsel would

of a houlthy and quiet progress to-creasing the capital of this Bank the oil-fields, when, should it often exported native products in they were afraid that the prove that this man, at ihe

the economic conditions of the increasing to rapital has freevory reason to believe, we can is Excolloney considers it recos-its occupants. vent, roslised soue stock-in-trade-a leachour provides a good country in general.

quently been proposed by share get all the financial backing wo sary to put an end to this. After in his shop and divided the pio-typhoon shelter by reason of the

In August, unfortunately, the holders in general moetings of want. As you are aware this negotiations, with the various Police Court Proceedings. coeds amongst three Europam surrounding mountains, is central Kwant and the north-eastern late years, but it was felt that the Company was formed to require, diplomatic bodies at Peking, they

PLEA OF NOT GUILTY. firms in the Colony. In this parin position, easy of access and in regions suffered very heavy losses time had not yetarrived for such certain oil-fields in the land of have consonted to instruct the ticular, they were only dealing direct communication with the Lin consequence of almost impresa change. In the meantime, how-Timor. The transfer of the pro- various consuls at the treaty ports

Before Mr. E. R. Hallifax at with one firmu,

interior: satural geographical egdontol inqndations and for a ever, thorough-investigation has porties to the Company is now to notify their nations that in the Magistracy Tresday, tho His Lordship said I did not position should, in fact, long ting the situation was viewol boon made into the matter and being mado, and in the meantime future they must submit state-driver of the motor-car, Angsley know why Melchiors and Co. Fago have resulted in its deve- with grave apprehension in an as result the Board as we have boon successful in ob- monts of the native goods ex-Wonrigues, was charged with should be singled out."

lopment along. mulorn "Tines. Licipation of a “lago diminution now como to recognise that taining a lieaned from the Gov. ported by them and must solemn manslaughter. He was undefen-.. Mr. Potter did not think that With His Excellency's aspirations in the harvest. Since then, the time is opportune for such eriment to allow of work being ly and sincerely declare that they it was a case of singling out, we are in full sympathy.

however, the appreciation in the an undertaking. I therefore commenced forthwith. The Com are not exporting native products Perhaps when the other firms. The development of Whampoa price of rice has had the effect of buit the measure, together pany has employed Captain B. in oxcoss, otherwise the cargoes

that this was a caso of means the development of a trade increasing the purchasing power with the attendant alterations and The Bunje, who has been in the will not be allowed to pass.

The first witness called was a fraudulent preference they would that should add greatly to our of the agricultural classes, this other ecossary changes in the oil business the greater part of As regards the application for Chinese who was one of the gang agree to refundi. There were prosperity, but while the river being followed by an active Articles of Association, to the ex- his life, to act as fold suporin Customs permits to expert goods of paint-scrapors to which the two allidavits in this case. One pork alonbladly possesses many demand for mercimutiso for himie traordinary meeting to be opened tendont and local manager, and that are free of duty, these must deceased belonged. He said was sworn to by Mr. Fletcher facilities, such as opportunities consumption. The price of raw after this mosting, when I hope it under him are two experience- be applied for porsoually. In no that at 5 pm. yesterday he and the other by the managing for bundings, the construction of silk, which constitutes the grest will be approved and carried. American drillers, and some way must the consuls allow their finished work on the s.s. Siberia. parthor of the Jankrupt firm. rends, and typhoon shelters, as

est item of our exports, steadily

twenty Chinese mechanies, Mr. names to be made. use of in ap-With others he landed in a launch Counsel had received notice to well as being in direct communi-

roso and trunispetions were suc-

Murdison, the foroman boro- plications for permits. On the at Jardine's Pier. It was raining produce the debtor for oxumain-cation with the interior, yet there ressful owing to the recent

master, has been well recon- receipt of the despatel the Vice- and blowing hard.

Devoured, tion. This was the man in is much to prevent it taking a recovery of the cofomic condi-

mended to us, and wo aro roy instructed the Provincial who was one of his party, was whose public examination such leading part in load commerce. Lions in Europe and Amerien,

confident we have secured the Treasurer and the Canton Cus-running sideways to the verandah admissions wora male as to cause in the first place, the condition Further, the rise in the price of

westwardly in aslanting direction theso proceedings.

of the native currency will silver las had the gratifying effect Mr. Slade till! Cat whatever militate against

across the street to get to the of increasing the volano. of or

slcitur of the verandali. Witness grunt admission he might layo made, extension of tride. The lack of export trade with Chinn. '.

was about fiftoon yards behind tho it was no evidence against Mol-confidence in the native banks

Under these circumstances the

docoaso. Honawa motor-cor cont- oliors.

puts a premium upon the use of calamitous, inundations in some

ing along in a westward direction Mr. Pottor said that they had subsidiary coinage, and although localities did not relipse the gleam"

without sounding the horn; it boon served with notice to pro-is Excellency realises

this, of light which had already sor in

collided with the deceased and the duce this man. Unfortunately difficulty aiul as a first stops to the towards the recovery of good con-

intter fell down. The ear hit him they had not been able to pro-developinont of the port suggests omie conditions, and the monoyed.

expedition arrived at the oil has passed with little of interest on the left side and he fell on his duce him; for reasons unknown the establishment of sound native erket, during the latter half A fraction over half an incbfields, and that everybody and to report Rubbers are quiet, back. The front wheel passed to the Official Recover the banking concerns, it is difficult to year, with the oxception of the fell on the day mentioned, after everything were landed woll and with, however, a little more atten over his log and the back wheel debtor had gone to. Canton believe that these will carry the settlement season at the end of the the drought had already been in that work would commones forth- tion devoted to local shares. Min-over his head. Witness heard no Therefore Counsel was not in a same weight as the banks of year, has maintained the pheno- oxistence for a fortnight. with. The installation of the ing and industrials show a little sound of bell or gong, Deceased position to produce him, but by Hongkong. As a vernacular menal ease prevailing in the first Since the beginning of the year derrick in position should proceed thange.

was running in front of the others, would submit that the Court had paper sensibly points out, the all your, the consequence being the total rainfall recorded; asas rapidly, as possible, now, and Rubber.-Kuala Lumpurs have who could be the car coming and power to admit those whinissions HongkongandShanghai Bankanditas all domestic banks still felt having fallen in one of the central actual deep-drilling operations heen done at £8, Highlands £5 had no reason to dodge tho vehicle. in evidenco, although Melchers & similar concerns here are a guar-difficult in employing their finds. districts of the Municipality started. The first woll should be 10 to 453s. Od., Lanadrons, The car only stopped while a Co.-had not had an opportunity antes of financial stability. Tho This Bank, among others, felt amounted to only 14.09 iachos as completed during July. Sources vendors, 95s, Ledburys 734. 14d., Jukang took the number. Defen to cross examine the debtor.general use of subsidiary culas, this drawback until more than against lose

On twice that of petroleum, as you are aware,

Tebraus 70s, 74d., Komnings dant was driving. There were Counsel would satisfy the Court due to want of confidence, will one half of the second half amount during the first two are an asset of great importance, fully paid. 75. 3d., Sumatra two foreigners also in the car, that unless the Court admitted always restrict widespread lasi-year had clapsed yet for months of both 1910 and 1911. and the formation of this Com-, Paras 128., Chersonese 8. d., Witness and several others carried thema greit injustice would leness, mid this-is the first and tunately, owing to the activities The average rainfall has fallen pany was the first really serious and Tanjong Malims 68. 6d. the injured man to the police done. His friend's point of view greatest difficulty that confronts in the raw silk traile, the Bank's so low that anxious fears are attempt that and lion ando in prem. Pegolis have been sold at station; he was bleeding from his would doubtless by that it wouldWhampoa

condition has much improved expressed, since now should be Hongkong to solve the problem $31. Singapore and Johore have head and leg. The car was going bo unfair for thoin to vo

since. In short it may rightly be the wellest period in the year. On the other hand, the sansettled. | alli favits put in ovidone, while

of the existence of oil upon a changed nude at $18.25 and very fast-about the speed of the siid that although thero is still a

commercial basis in that part of $13.75, Malakoffs $2.20 and electric tramway cars.

He saw and piratical, condition of the voice, heard in some his friend, was as in a position neighbourhood must be reckoned about depressed economie con- to cross-oxeming the bankrupt.with, for it is impossible that ditions yet the country is surely

A CAPTAIN FINED.

the world. The drilling plants $2.15, Malaka Pindas 81.10, nothing of the ear and heard acquired by us are the latest Sembawangs 50 cents, Kompas nothing of-it until the moment of It might work gross injustics,trado can be carried on with any making healthy and substantial

to be had and of the best $3.50, United Singapore $1.55, the collision. spacially whon specific power was

Captain Whealer of the Kun description, capable of boring to Port Dicksons $7.50, and the part given to the Court to it. actively guarded. The shallow-progress in commercial and in-Sang" pleaded guilty before Mr. depth of 3,000 feet if nouossary, by paul shares at $1.50 premium. oshowed that it was to the interest hoss of the river at this point has

Firmastone, senior magistrate in Feor previous experiences of Mining-There have been a f justice that such should be also to be considered, and this, trade we find that exports | carrying 311-2 passengers in oil was obtained at the shallow firm at $5.50. Raubs have been first saw the car, he said, it was

Turning to thecountry's foreign on the Hilt, at Singapore, to borings made by Captain Bajo, few dealings in Belate which are perhaps, forms ono of the most

imports to Y224 millions; the ed by his license on Mareli 12 clined to think that we shall roach five advanced to $16.50 buyers, amounted to 127 millions mid excost of the number, allow depth of 45 foot, and I am in placed at $1.50, and Tronohs total being Y471 millions during in breach of section 30 of the the oil sands at 800 feet or so.

with sellers at $10.75. Recognising those difficulties, the latter half year. These figures, Passenger Ship Ordinance VII We are at no distanco from the General Straits Traders aro | been stopped meanwhilo. When however, to the full we yet do not compared with those for the cor- of 1890.

seaboard and the question of quiet at $53.50, Fraser and Nenves the car stopped ho saw a European see any reason why the Viceroy's responding period of the prece-

transportation by means of pipo are wanted at $37, and Riley, get down from the car. desires should not be fulfilled. ding year, show respectively an

lines, which is a most important Hargreaves have been placed at was seized to-provant it from The question of the subsidiary increase of Y21,100,000 old

point, would be an onay matter. $82.50.

going away. The car stopped for coinage wo have always with us;

As to the uses to which petro-

about one minute. At the tions loum and its by-products are pui,

of the accident it was going much- His worship fined the Cap-there is no need for me to

faster than an oloctric tramway. tain $ and, costs and also dwell or to enlarge upon. It is

car. ordered him to pay $2 for onchunt the other day that we read passenger in excess, $73 in all

idone. Thore was a specific rufo

in bankruptes at home which gave power to the Court to admit. If is appeared to the Court that great injustice wald he done if the dochinenfs ware excluded, the Court had the power of limiting them. Mothers and Co. ad unitted the payment. The only fact that was desired to be established by means of this mm, was that he know he was insolvent at the time the payment was made,

uny

success when its activities are not

serious drawbacks to Whampoa's development.

dustrial cirelės.

quarters

As reported in our issue, this proposition to increase tho cpital of the Bank was duly carried.

DROUGHT IN SINGAPORE.

SERIOUS SITUATION CON- FRONTS. MUNICIPALITY,

Singapore has born without a spot of rain since February 17,

best man that could to get in tomas to that effect.

California. Activo operations should start the nor future, as the equipment for drilling and the men engaged by the Com- pany

wore sent from Hongkong) to Timor about four weeks ago. The general agents were yester

COMMERCIAL.

SINGAPORE SHARES.

In their share circular dated the 15th inst., Messrs. Fraser and

and a serious drought is threaten-day in receipt of a cabin ila the Co. state: Another quiet week

,

Defendant fail that on the voyage ho discovered the excess and reported it on arrival thore in exports and Y44,800,000 to Captain Edwards, the senior

boarding officer.

PORPOISES IN THE

HARBOUR.

a

LANGKAT TOBACCO.

91

37

wo must welcome any suggested odd in imports, resulting in development which would be im- a total increase of Y65,000,000, possible were it not settled. This significant increase in the

It will intorest sharoliolders Mr. Slado contandel that there In the same way, the proper value of the exports may be attri-

the United Langkat Planta- was no reason why the affidavit policing of the region, the hated to the harmonious state

the postprandial speech of the lions to hear that their tobacco should be admitted. The point bringing of it under control, provailing in economic circles in

Chairman of the Institute of En fetched high prices at the first very seriously affected the com- would be as valuable to general Europe and America, and to the

gineers and Shipbuilders of Hong

salos on March 11, viz: mercial life of this Colony commorco as Whampoa sontrance consequent good demand for

kong, in which the building of.

8. Cerpa 13.38 por 1b. (footloaf) was a case of a Chinese firm, which into the ranks of the principal our raw silk, to, habutao and

internal combustion enginos was . Djamtoo 145 P. Tjermin 1.73 had been in the habit of trading ports, while the dredging of the sofort from those quarters.

referred to in glowing terms. with some European firms, be- river, ovonif the portnover proved Added to this the high price of

As a nows item I quote the fol- The tobacco of the Amsterdam coming insolvent and for some more conspicuous than it is at bar silvor has been, inaintained, An unusual spectacle was wit-lowing oxtract from a shipping Langkat (adjoining Tangie) reason or other the debts due to prosent, would confer a benefit on thereby encouraging the large nessed in Hongkong Harbour paper Messrs. Burolay, Curle was sold at f2.02 and 12.50. The the European traders were paid trade. We therefore hope that export trade with China in cotton Thursday. About eight o'clock & Co., Clyde shipbuilders, are above two companies realized to the exclusion of the Chinoso despite the difficulties in his way, yarn, cotton piece goods, etc. Then shoal of porpoises passed right constructing for a Continental the top prices of the sale. croditors. The inanaging partnor His Excellency tho Viceroy will increase in the imports appears through thọ, rrows, There lino a vessel which it is said will made those payments and sub-be able to carry out his project of to be principally due to the im were some thirty or more por revolutioniso shipping. It is to During last week there were sequently disappeared to Canton naaking or small neighbouringportation of such raw materiala as poises in the shoah and the aver-ho a 12-knot bout of 5,000 tons notified in the Colony 13 cases of prior to his public examination port as valuable as possible. A cotton, wool, ete, which must be age length of the fish appeared to gross, driven by internal combus-small-pox-1 British, 12 Chinceo. which was the only opportunity the little optimists will go a long result of the healthy develop bo about ton feet. A number of tion ongines, Diosol type, hitherto Of theas, 7 wore fatal. The only Official Rocoivor had to extract way towards achieving the desired mont of the country's industrial launches followed in the wake of only applied to trawlors and other case of infectious disease admissions an to proforance pay-[result,

enterprises,

the unaccustomed visitors, yachts. One hundred tons crude reported was one of enteric fover.

Another Chinese paint-scraper a brother of the decased), who was also in the gang, gave cor roborativo evidence. When he

ceased. After the accident some some five yards behind the de-

Chinese seized the car, which had

The car

Several other Chinoso witnessSON gave corrobenitive evidence and the case was afterwards adjourned to allow accused to call witnesHOS. for the defence......

Instruction in the method of procedure to be adopted for the rostoration of the apparently drowned is to be given by officers in charge of the military hospitals, Victoria and Kowloon, as follows: To the British troops at Well- ington Barracks on Tuesdays and Fridays at 12 agon, commencing 27th inst.; to the Indian troops at military hospital, Kowloon, on Mondays and Fridays at 11a.m., commencing 27th inst