Settled
THE HONGKONG TELEGRAPH SATURDAY JUNE 3 1911
SUPREME COURT. which directed the plaintiff to ex-more than that which appours on BANKRUPTCY COURT. ccato a hlank transfer to the Ro- the list. The correct amount is gistrar, of the shares hold by the $355, principal and interest.
The Bankrupty Court was held plaintiff in the company; au ses- |
Dofondant, who appeared in his before His Lordship the Chief Atthe Supreme Court, Saturday urity for the sum of $3,700, the own bohulf, said he had repaid Justice, Sir Francis Piggott, morning, boforo Mr. Justicó Com-amount the socurity include some of the money, but could not Thursday morning. pertz, Hop Yuon Hing Lung Koofing the costs of the commis-produco, when asked, receipts. Buod the Wn Cheong Lung Firm sin, bo variod, and that the Mr. Kong Sing asked thatin-1 to recover the sum of $1,000, plaintiff be ordered to, furnish, stalments bo not made in this caso, boing the price of goods sold and security for the costs of the com-as flis Lordship had reduced tho delivered to the defendante, missionimud that the minount there-amount.
Mr. Harding appeared for the plaintiff and Mr. Reador Harris for the defendant.
to 13
His Lardalip: 'Can'1- moko anj 'order like that?
་
Mr. Harding: Well, I agcon to it, my lord.
The Hon. Mr. H. E. Pollock, K.C., supports the apponl on he half of the defendant und Mfr. C. G. Alabasto Acting Attorney- General, appeared on behalf of the respondent, the plaintiff in the
a
Absconding Members. Ro the Yeo Tai firm, adjourned. potition.
Mr. J. H. Gardinor appeared for the petitioning creditor. Ho said that ou the last occasion, bis Lordship wished for further proof
China and Manila Steamship Co., Ltd.
suspension of payment. Thore COMPANY REPORT. was an affidavit of assots on the file to the effect that the stock-in trade was valued at $13,000, and book debts were valued at $3,500, The debts due by the firm wore $27,000.
The application was granted. Application to Annual Proceedings.
annulment of reccedings,
Ro Lam Chun, application for
210
Profit & Loss Accounts
0,777.88
Committoo's
1,950.00 289.84
2,897.71
7,461.48
Balanco brought, forward
from Inet your ... Consulting fces......
Messrs. Shewan Pomer & Co., General Managers, in their annual re- Auditors' fees.................................. port state that in noidance with the re- Changos....................... rolutions passed at the extïordinary meetings on August 20th and Septem- Interest....
bor 16th the transfer of the Company's Balance of Working Ad- afaamas to the Philippines 8.8. Co.,
conut S.S."Rubi" and "Zaf" to 3rd Novom-
was effected on November 3rd, 1910.
The loss on working account -is
total of
ber, 1910..... 60,001,70 Preliminary expenses in
domnestion with transfor to American Ang
80,010.70
$118,701.86 Balance of Underwriting-
Account imusferred...... 70,849,10 |
ofthe referred to the Registrar for His Lordship (to defendant) his report. It was also asked that How much have you offered a
Mr. Fletcher said that the enso the plaintiff, might he ordered to month?
as to the act of bankruptoy. A was adjourned from the last hear- Me. Harris: appear on behalf furnish cash security, or other Defendant: Three dollars further affadavit had been filed. ing. The man had been prosecuted $78,808.11 and adding the exponsos of the defendant and I am in-batter security, then the charce in month (laughter).
There were two acts of bankruptcy, under the bankruptcy ordinance of transfer 06,019.79 and the balance structed to agree to judgment, the defendant company as securityj
He further stated that he was but the one they relied upon was in the police court, but was last year, they ve for and stay of personal for the defendant's costs in the now in receipt of a fixed salary of the absconding of the members acquitted. He asked that the pro-118.690.28 against which the jo of $8,777.88 brought forward from exocution for a fortnight." action, including the amount of $25 a month, had two wives, a son of the debtor firm. The business ceedings be annulled. Mr. Harris pose to set the mount at odio
Mr. Hurding:That is, no the costs of the Commission as and his mother to keep.
had been sold under distraint, opposed the application. nrrest for a fortnight.
fixed by the Registror.
His Lordship: Five dollars a and had realised about §000 or lis Lordship said he would leaving $47,841.18 as a debit balanos Underwriting account $70,849 19 month.
$700. There were some book give a written judgment in Cham- of profit and loss. And it will be seen Mr. Kong Sing: That is unrea-debts, and he thought the liabi-bors. sonable.
litics amounted to $8,000 or
Also that the Philippines 5.8. Co. Exchange..... No Assets. His Lordship lixod the costs at $10,000. -
Mr. Fletchor mado an appli- $19,058.47.
stards the year with a debit balance of Balsace .......... $25.
Mr. Fletcher, Deputy Oficial ention that R. H. Whittaker bo Mr. Kong Sing (to the inter-Bocoiver, said he did not think adjudged bankrupt. There were lippines 8.8. Co., the position is actually As noted in the report of the Phi- preter): Will you tell dofondant that was a case in which a no assets, and the property at that on December 31st, 1910, but tho that if he does not pay the instal: receiving order should be the Praya East Hotel ments he is liable to arrost,
had later adjustments alluded to will reduce unde. The act of bankruptcy renlisod very little money. A the sundry creditors' to $142,611.75 was an alleged fraudulent pre-meeting of creditors had been all due to the Philippines S.S.. Co., foronco-the transfer of a large held, but no resolution was arriv-(except for the inclusion of a small quantity of goods. Ho had made od at.
item duo to minor sundry creditors careful enquiries, and he could
$2,367.89) and the assets will be the not find that there was any truth
Look value of the Philippines 8.8. in it. The members of the firm
Company's shares $745,000 and profit simply ran away, leaving a shop F. J. Barrotto was then held.
and loss balance of $17,841.13. with a small amount of furniture
In answer to Mr. Fletcher
Judgincat was entored as agroal.
accordingly
netion.
¦ A Question of Guarantee.
Before the same judge, the Con-
An Objection.. naught Aerated Water Manufae friend's appeal hut I have a pre- Mr. Alahanter: This is my turing Co., fr., sited the Ki Sangliminar opjection to take. Tho Chan firm to recover the sum of objection in that this hoing an $884.88, being they balance due! for goods sold and delivered to "ppeal as to "costs only, leave to tho Wing Fung firm in Canton, appeal should invo heon ohtained
hofore it was lironght. payment for the same being gua- ranteed by the defendants,
Mr. Ioader Ilarris appeared for the plaintiff and Mr. F. X. d'Almada o Castro defended.
costa,
+
The Ownership of a Promis
sory Nole.
costs.
That ren
COMPANY MEETING.
und L. Lamperski,
The Chairman said: With
The matter was adjourned.
་
The application was granted. Public Examination. The public examination
of
money would you say, that you Mr. Fletelor: How much borrowed ?-A bout $500.
[1
badly has steadily gained ground and The new Company though starting
11.12
47,811,18
$118,701.95
Balance Sheet.
8
Authorised
Capital 30, 000 shares
1
nt 825 oach 780,000.00' Iestud and fully paid... 20,000 shares at $25 oach
the favy loss has been stopped and Calls on sharoi when sonic arrangements now ander way with the Philippines authorities are
to more than pay their way, White and Dr. Noble retire and are. Consulting Committeo.-Mr..H. P. eligible for re-election.
The accounts have been audited by:
election. Mosers, W... Polts and A. O. DE Gourdin, ulo ata recommended for re-
Te first statement of accounts, of ita formation on November 3rd last to
foricited now belonging to the Company Sundry Oro- ditor.........
Crush
100.00
650,000.00
194,883.24 80.88
$844,582.62
the Company, esvers the period from
Inrestment in Philippiuos
the end of the year. The accounts aro
Stoamalip Co. 80,000 sintes at Poson 25 sel
chango, 90, hoing that ruling on Da-
fully paid up-P750,- Hongkong Currency, the rate of ax-Valus of Hongkong Buoy rendered in Philippine Pesos and in
000.00 valued nt......... 745,000.00
camber 1st, 1910.
and Mooring Value of Manila Buoy and
Mooring.
The balance shoot acrossarily aliow the net! position of acesunts in the.
be carefully noted that as arangements books on Decmber 31st, but it must Valoo of Amoy Boy and for the complete transfer of the assole Sundry Debtors...
Mooring
and liabilities of the China and Manlia Outstanding froights.......
tomship Co., Ld. could not be carried
1,800.00
5,800.00
2,000.00
11,402.03 00,088.66
Account ................ 47,841.18
out until after that date there will be Balance of Profit and Loss
preventing additional sundry creditors, 170,298.85 (UKg. $192,015,38) re- added to tho, liabilities a sum of Pesos
The "Star" Ferry Co. Ltd.
The Chief Justice: But this is
The thirteenth ordinary annual an appeal as to security as to meeting of the "Star" Ferry Co.,
Lul, was hold Saturday afternoon in it, and no goods whatever. debtor said he was a clork earn at the offices of Mosare. Dodwell & The shop had been seized upon; ing £185 a month. His average Sequel to a Collapse
Co., Ltd., Quoon's Buildings. but he did not think the amount salary during the past five years The caso for the plaintiff as opened by Mr. Harris shown that. On Thursday at the Supreme Medhurst, presiding; C. Gordon pay Mr. Gardiner's exponsos.
There were present Messrs. G. H. which would be realised would | was $120. His liabilities conspleted it is expected they will be ablo the plaintiff firm bad á banch in Court before Mr. Justice Gom- Mackie, the hon. Mr. C. II. In answer to his Lordship, Mr. all accounted for by money amounted to $7,000, which were Canton, and was registered as a portz, the Wai Lze firm sued Ross; directors; o Fook, W.Gardiner said he could not tell borrowed. Of that amount, he company in Hongkong, The Keo, Chang Wing to recover. Potts, A. E. Grillin, Wong what the hook debts were. Wing Fung firm of Canton had $374.89, for work, and labour Kam Fak, Haskell, P. C. Polls
had received only $1,200 cash, applied to the branch ollice to be done, and materials supplied.
and his friends, for whom he had. supplied with goods, but the ro Mr. Ho appeared for the plain-
The Wing Yung Bank. quest was refused unless they tiff and Mr. F. B. L. Bowley your permission I proposo to take for a receiving order in respect of Ho owed a Mr. Ezra tho sum of stood security, had received $800, Mr. Hind made an application The remainder was for interest. could provide a guarantor. They defended.
the report anul accounts as read.the Wing Yung Bank, a Chinese $3,300, but he had only recoivod proposed the defendant company Mr. Ho said that the case The profit on working account bank which carried on business $1,400. mid this was acrepted by the was brought by the firm of shows, I am pleased to say, an hero. All the partners ab- duo to interest owing to money
lis insolvency was head offico. A guarantee note was contractors against the defendant improvement dus partly to larger sconded and so had all the lenders. taken to the defendant firm and it who was was chopped by a man who pur-fock dan anda teri is supplied. The Now Ice House Street Pier, of bankruptcy. The petitioning examination, be closed, and the a building owner for receipts and parily to economies. employees; that was the not Mr. Flotcher naked that the ported to be a manager. There- The plaintiff entered into a con-referrod to at our last moeting, eroditora had no idea what the debtor be adjudicated bankrupt. upon the plaintiffs supplied a tract for the pulling down and will probably be finished in about assets consisted of though there quantity of goods to the Wingrebnikding of two willst 154 months' time, but will cost more would be bank debts. He ex-
The application was granted. Fung firm, they making payments Aberdeen Street on November than was anticipated and a largo pected from what he had heard
Money Lenders an account (rom tiury to time. It 4th, 1910. A collapse made the re-portion of the money at prescut recently that they would be able the public examination of C. H. Mr. Flotelier also conducted was for the balance that the plain-| building of thuce walls necessary ring interest will be required to discover some of the partners Chayes, who said he was earning tiffs wore suing the defendants, so that it became a new building to pay for same, which means that of the bank in the colony who, he a salary of $40 per month, and
Mr. d'Almada Castra-Wouder the ordinance. say that we never garantel and dered die plaas void and the considerably reduced. Also, infifa receiving order were allowed monoy lenders.
sur revenue from interest will bo understood, were substantial mon, owed about $1,000, chiefly to that the chap was not our money plaint now sued to recover years to come it will be necessary against the firm, he would be able chop.
mey for work, dune presions to to allow for depreciation, &e, of to bring in the partners when they Judgosent for defendant with the collapse, Evidence was given. the now pier. In view of those wore discovered.
Judgmont was reserved. facts, although the balance at His Lordship:-Give me some-
and to the arseta Posos 46,6NG.09 crodit of profit and loss permite thing to go upon.
The examination was concluded. (Kg. $41,741,19) representing out- of a larger distribution of profits,
Mr. Fletcher aid the debtor had standing freights, sundry debtors, and Mr. Hind:-I am only asking promised to pay $10 and as the value of buoys and moorings, and your directors do not recommend for a receiving order against the ho, the official receiver, was not cor- the balanse Pesss 126,097.16 (UKg. The Ice House Street pier site firm so that if I can discover the tain that ho would continue pay- $140,273,86) will stand as n endry after many years' delay has now partnera I can bring them in. 2wd inst.
heen soeural by the Company up.
ments, he would not ask for adjudebtor item being anant due by the Mr. Fletcher thought this was a dication.
China and Mania Steunship Co., Ltd. Singh against S. Wong for its requisition wo have been ought not to be made. These In the matter of A. 11. Tavares scared to the creditors by a mort claim of 84 dollare, addresing compelled to assume considerable people, on May 9th, went round to Mr. Fletcher continued the public tot 15
With ease ir which a receiving order Peculiar Questions
Thu above mentioned extm liability has fis Lordship said he did not responsibilities in connection with various banks and obtained about examination of the debtor. Me: Gardner appeared for the know whether his friend, Mr.the railway trafic, but at the same 80,000. They left the saine after the last bearing the debtor had plaintiff and Mr. Harding de-Harris, would consent to judg-time wo have secured advantages noon leaving only a few sticks of said that he formerly carried on fended,
Mr. Gardner, sail the zetion
which I think will insure the furniture which would hardly pay business at Macao as a curio Mr. Harris-1 consent to judg-Ferry Co. against loss. As re- the costs of bailiff. He did not dealer, but Mr. Fletcher read a was brought on a promissory.element for 75 dollars and ask for, gards the prospects for next your, think the partners ought to be letter from the colonial secretary given by the defendant as far instilments for five dollars, Trick as May 1902. He subso- Mr. Hi-We are willing to forward to an increase in traffic at when they were found pro- debtor was formerly in the water think wo niny reasonably look protected by the bankruptcy law, of clint place who said that the quoutly went Drukrupt, and the accept ten dollars. oflicht receiver was now paying a
receipts when the railway is linkedceedings ought to be taken against police and had been discharged Auditors" fes. Me Harris- an instructed to up with Canton, and if the Govern- thom. first dividend of 30 per cent. He ask for five dollars. My client's ment prohibit the circulation of foljeved thero was
by ronson of bad conduct, a further salary is sixty dollars and he keeps lion copper cents there will be f dividend of teu per cent, to follow his parents and two brothers and roduction in the loss on subsidiary
Tho caso was adjourned for a.. Mr. Flatcher: Is it not a fuct week. and whoever established their think it is so,
hat you used to ask for almis Withdrawn. coina. claim to the first dividend would i
on the steamer wharf at Mavao ?-- Mr Hindis salary my bo
In the matter of the Man Yuen No, I never did. also obtain those subsequent, sitty, but he told plaintiff when chairman moved the adoption of ex parte application, Mr. Gar Thero being no questions the firm and A. B. Moulder and Co., was claimed that the holders of he borrowed the money, it was the accounts. the promissory notes were the eighty-five.
diner, who appeared for the me now Tuk Ling shop who had
Mr. Ho Fook seconded and the petitioning creditor, asked for name was given, debtor admitted Asked if he know a man whose motion was carriel. bought the business from the old
the polition to be withdrawn, as that he did. firm of the same amo, in which His Lordship: take seconded by Mr. A. E. Grithin the Hottled.
On the proposition ofP.C. Potis the whole matter was boing the plaintiff was a partner. How order for ten dollars now and if confirmation of the appointment ever that was not the case as the to cannot pay I shall I never of Messrs. G. I. Medhurst, O. money on the promissory note was make. an order if I know a man Gordon Mackie and the Hon. Mr. advanced by the plaintiff. In cannot pay. support of the plaintiff's case was
I think ton dol-agreed to.
C. H. Ross as directors, was in the matter of Lee Chim-shin, ed?-I have never heard of any Capital 80,000 - Mr Hind: the fact that he had possession of lare is a fair order taking ifto Mr. C. II. Medhurst was petition. He understood that ing you all these yarns?
which, he said, was a debtor's such thing. Who has been tell- the notes and that they had been recount the amount of his salary, ro-olected on director on the Mr. Otto Kong Sing appeared to oxalated from the male of the old don't know whether my friend proposition of Mr. Lamporaki oppose the petition. Tak Lang firm.
will consent to fixed costa.
ecconded by Mr. Wong Kam
In the Sitproner Coult before. Mr. Justice Gompertz, Lui Fung Chiu sued the trusted of the cetato of Yeung Nai On, a bankrupt, to recover the sin of $627 being the
first dividend declared payable in rospnél of a sum of $2,000).
Mr. Harding claimed that the documents wore bought by the the new Tak Lung shop when they purchased the business.
The saso was proceeding when we went to prasa.
Appellate Jurisdiction.
a
Before His Honour H. H. J. Gompertz. Paisne Julge. An Order Granted,
Mr. Hin appoaring for Hero 31st December, 1949.
mank
Mr. Harris: Also plaintiff bus another promissory note.
I
Mr. Harris; 1 will cousont Fuk. to an order for four dollars costs. After further discussion it was decided that the amount be paid on the sixth of each month.
Money Sulit Due.
The firm of Hing Tai sued Ngai Sam through Mr. Goldring
for the sum of $120.21.
A Question of Security. In the Supreme Court Tuesday
Lee Check fling, managing morning Lefore the Chief Justice director of the plaintiff firm, said Bir F. Piggott, and Mr. Justice the money was still duo, Comportz, an oppoal was heard His Lordship gave judgmont
in tho ense of Hürrison Midwood for the amount and costs.
Granted.
Adjourned.
Profit Share Account
Hongkong Philippino Carronoy, Currency,
55
AL
Reruunomtion of Directors,
Counsel's Ro-
Secretary & Trenser...
taind?.......
155.18
22.16
.06.06
Chargo 155.70 Interest... Exchange ....
Working
leper conto to Macao?-No.
Did you ever soon wealthy
Mr. Fletcher Did you ever live with him?-No.
Do you deny that while you) were in the house the wealthy
Mr. P. W. Goldring appeared leper came there and disappear
Bay
Balance of
necount of
from 1rd Nov. 1910 to 8 Int Dec.
47.70. 78.50
1.10.08
* 20.00 60.16
$844,582.62
POLICE COURT.
Bye-laws Contravention.
At a quartor to 4 a.m. Thurs-
Ewen aurprised a Chinaman in day, Inspector R. G. Mc-
the act of dressing a newly killed Street, Yaumati, contrary to the pig in a house at 100, Shanghai
slaughter-house bye-laws, which require that all such animals should be slaughtered at the Government abattoirs.
Mr. J. R. Wood convicted the 140.56 defondant at the Magistracy and
48.13 imposed a fine of $50.
86.35
1910 18,537.48 10,700.08
Balance
10,058.47 P.17.200.20
Balance Sheet.
Hongkong Philippius Currency Currongy,
Share A 2 Ponos 25 each ......... Inenranca
account...... 4,053 34
3,058.14
ditors.68,201.49 63,55184
The Macao authorities that suddenly you becamo rich, spent Mr. Kong Sing said he appear your money lavishly and it was Sundry Cin od on behalf of the execution impossible to discover the origin to adjourn the matter. He was Macao enjoying my wealth no creditor. He asked his Lordeltip of your wealth-When I was in oppasing the application on the one evoraskod me questions about ground that there were more partit at all..
The Police Dog Again. While on duty early this morn ing in Ko Shing Street in the Central district, accompanied by his chow dog Snooker," who has already distinguished himself as a thief-catcher, P, C. 62 Bond piece of wood with an iron flange saw a Chinaman purloining a
attached, from the side of a house. He gave chase, but the thief threw away the wood, though re- taining a hold of the metal
· 750,000.00 | flange, and sped down Chancery Lane and along Queen's Road. “Snooker" meantime had joined in the pursuit and in Queen's Read he overtook the fugitive and brought him to the ground, hold- ing lini down until the constable appeared on the scene and took him into oustody,
$72,251.83P 815,200 08 Hongkong Philippine Currency. Currency
nuditor on the motion of Mr. Ho Mr.W.H. Potts was re-appointed Fook, seconded by Mr. Haskell,
The Chairman announced that the dividend warrants might be uers in the firm than the single You say that it is all untrue? valas of nd on application on Monday and man, the debtor, who asserted the meating then terminated. that he was the solo partner.
TION FUND.
•
The matter was adjourned.
Acts of Bankruptcy.
on hand...
-All lios.
Stoniera- Mr. Fletcher: This is a case Mr. Goldring. I think if your in which the debtor asks for
To-day the thief was convicted "Nabi & CORONATION CELEBRA-matter, Mr. Kong Sing could file grounds that he has boon a
"Zafir"
at the Magistracy and was son- Lordship would adjourn the
750,000.00 a receiving order
tenced to three weeks' imprison- on the Value of Stone
on land 2,460 18. 2,220 1ment will hard labour. an affidavit.
wealthy man o gave some Value of Coal assets, specially of large sums
0,085/01-7/6;192:64| The following additional sub- Chinaman's Handicap: ・・
owing to him. The creditors met Proportion of scriptions have been received:- The petition in the matter of and were very much against his prom, of Tale of Family Worries The Great Northern Tele-
unexpired The appeal was from an order
the You Lung Hing Kee firm was being adjudicated as a bankrupt. Mr.. Kong Sing represented
graph Co. ......... mule by the Chief Justice on April Inder Singh in his action against The Mercantile Bank of
policies.....27.830.54 25,171,21 $500 also heard. Mr. M. R. Harris They gave him a month to see if Sundry Debtors 909.05 28th, that the plaintiff should not Tam Mong Kee for the payment of
appeared for the petitioning he could show that any of his Outstanding India
creditor, and said the acts of assets were good and he has com-
Freights...16,000.55. Bankruptcy were two, The pletely failed to do so. I must Balance of managing partner absconded ask that the receiving order be from the colony, and the firm rescinded,
v Waller Geo, Vanglun Itohinson
and the te'ns Piano Co., Ltd. |
250
***
25
25
5
lo required to give security for $350.24 under promissory notes Geo Banker, Esq arse to le inourred in connection of $220 and $135 issued in 1908 Dr. G. W. McKean... withthe commission to England to and 1900.;
[Re-,'C. Bone Asamatier of fact, said Mr.Kong II.B.L. Dowbiggin, Esq... also asked that the order, Bing, the amount is five dollars W.H. Guskoll,
1st evidence, might his varied. It'
had delivered to the position His Lordship eventually de-
notice of cided to rescind the order,
ing creditorla
A Formosin report says that tho post, which has boon 60 rampant since, this spring in Kagi profecture, Forinoss,..is the 860.15 pneumonic plague, an epidemio
which has been absolutely un-/ 14,765.40 known before in the island. More: over, the malady of this your seems to be more malignant and 17,200 26 tonnoious in character, so that the ntmost vigilanos is now observed $73,201-891.818,200.08 in communications and otherwise.
Prout & Lost Account............. 10,058.17
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