1926-03-18 — Page 7

THE HONGKONG TELEGRAPH, THURSDAY, MARCH 18,- 1926

BANK LOAN CASE.

LATEST NEWS PICTURES

JAME'S

OLYMPIAN RACKETS

41.

(Continued from Page L).

was the possibility of a strike. Personally at the time I think the share market was too top-heavy.

Sir Henry Gollan:--When 'you say "at that time" will you be more definite? Was it June?- The beginning of June.

Mr. Potter:-Would you consider the financial position of the ap-- 4plicant for these shares, would it undoubtedly have any bearing on the

question? I m talking generally 7-Perhaps, some bearing.

BANK'S CANTION.

TEA witness comes here and states that in fact he took the deli- very order to the Bank without the cheque, saw Mr. Ho Cheuk, who

assistant compradore, went from him to the accountant, and says that, in fact he did get those shares against that delivery order. would you be prepared to say that dhis thing was possible; without payment or production of the cheque with the delivery order, that is to say I don't think a banking man would think it was right.

Supposing his own view at that time was that the financial posi-; tion of the man was such as to' justify him to deliver those shayes?

He would not know that. He must have a general idea what the financial state of the man was, In my case I would not assume it. i must make sure,

In reply to another question, wit ness said that Mr. Walker would not have parted with the shares anless he canie to witness.

In reply to another question, 4 witness said that the basis of the advance required by the bank would be at least half the value of the shares, the bank reserving to itself the right to ask for more. In the present ease, if there was sufficient cover, the scrip for the 200 wharves might have been re- leased..

Shown the Man Chuen's paying- In-book, witness said it was im 'possible to say whether the cheque for the amount "in question was paid in the ordinary way across the counter without the necessity of it being taken, first to him or to

Above is seen the reconstructed dirigible, Norge I., in which Captain Roald Amundsen will attempt to fly to the North Pole this summar

Dr. F. W. Axham, who was deprived of his diploma for being anaesthotist to the famous bone-getter, Sir Herbert Barker, before the lattor was prominently recognised, is here seen in his home celebrating the great nows that the Royal College of Surgeons, Edinburgh, had decided to res" tore his diploma. The case has attracted great public atten. tion in England.

was presented, that would explain everything?-1t would.

The delivery order would be in that form?Yes.

PERFECT BOMBSHELL

Mr. C. A. S. Russ, solicitor for

Mr. Walker. I was not an unusual the defendant Bank, questioned by

procedure, and in my case, wit-Mr. Jenkin, Said, he interviewed

ness

or Mr. Walker would

first

HONGKONG AND SINGAPORE,

PERTINENT STRAITS

COMMENT.

Commenting on a recent speech

assure themselves on this point be- Russ on November 9th, and in the House of Commons by the

fore parting with the

order.

delivery

told him that there would be 4 First Lord of the Admiralty, the set-off against Mesars. Lammert.

Singapore Free Press says: He heard nothing at all about

On the subject of the Naval Later Mr. Poller asked:The Moxon and Taylor, and it came as delivery order was initialled by a perfect bombshell when he re- Base, the First Lord said that the Mr. Ho Cheuk, who was 'assistant ceived the letter from Messrs. placing of an order for a large compradore? Yes,

Johnson; Stokes and Master, in repontoon dock for Singapore is ex- Witness added that with Mrference to Moxon and Taylor's compliment to Hongkong for its pected soon," He passed a high- Walker, this initialling would have claim. been a verification of the chop of

Mr. Pitter lighted the fact that contribution of a quarter, of a mil- lion sterling, which "enabled them the Man Chuen Bank.

NO AMOUNT NAMED.

it was agreed between the partista make a start with a floating that both were at liberty to call Mock for the Straits, which would Witness, after stating the prece-Ross to give evidence if necessary; at least provide for docking our Mr. G. P. Lammert was called at dure followed in the passing" of

capital ships. As they proceed- cheques through the clearing the request of Mr. Patter.

ed, as he hoped they "would, with house, was at a later stage ques- Mr. Jenkin:--Perhaps it would the full programme, which was laid tioned in regard to the non-state-be better if there is a possibility, dowa for a complete base at Singa- ment of the amount to be paid in. of Mr. H. A. Lammert being repore they should then be assured in the delivery order.

His Lordship: I think it is in the interests of everybody. ' 1 don't think it conveys any slur, Mr.

called if he were out of Court.

hot only of the capacity of the Mr. Potter-We have enough Fleet to defend our trade in those His Lordship asked:-in view

waters, hut of its efficiency, and he of the fact that evidence had af charges against us already.

All honour to rendy been given in the case that don't think another makes any dif- thought, economy.

Hongkong for giving its quarter of these shares were delivered with-ference.

a million sterling to enable us to out payment of cash or cheque at

make a start. Perhaps the First that time, is not the fact that no entered into the

Lord had not been reminded that amount was

Singapore is also contributing no account of the delivery order Patter.

Mr. G. P. Lammert said he had inconsiderable sums for

the pur- significant?-At the time the de- livery order was made out the no recollection of being handed poses of the naval base. Land that Man Chuen Bank might not as the delivery order. It was signed was wanted we bought and paid " for.. Roads have been contructed. certain how much payment to the by his brother. Hongkong Shanghai Bank was Mr Potter-Would you here The Causeway, built entirely at A required. Mr Potter:-If your acepted it had it been offered to Malaya's expense, is no iheonsider- suggestion is a true one, would you?-No, he (the assistant manu-jable factor of saving for the Im- you suggest that the person who wer of the bank) does not speak perial Government, since it makes was bringing you the delivery English. I have only a smattering the Straits Into a tropical Rosyth, order and who might expect that of Chinese, and before accepting with only one entrance to be, de- he had to pay a certain amount it I should have called Mr. Chan fended. The Municipality of for the shares, would you expect for my brother to ask them want Singapore is providing the water- that amount to be crossed out? it was all about..

supply for the naval base. Pas-

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I suggest to you, Mr. Townes, that Mr. Jonkin: Your position 1ibly the erection of the new pon- this matter of the delivery order that one way or the other you have toon dock will be undertaken from must have raised a doubt in your no recollection as regards what the resources of Malaya, saving the mind as to the possibility arising happened on June 6th?—No. from the handing over of If the man swears he handed it or importing labour, if it had to be these shares without cash or cheque to you, you will not be prepared to done departmentally, at the time the delivery order was say that he did not?-I don't want mercial shipping of Singapore finds presented?..

to call him a liar, but I have a firm the oil wharf whence the oil which arrives is sent to the tanks, on land Witness replied that, us a care-conviction that he did not. ful man, he would not have issued: The man who says he gave you provided by the Colony. We are not those shares under. those condi-that speaks a little English? He jealous of Hongkong getting praise for what it has done, but it looks as

tions

may,

Mr. Jenkin: The delivery order Mr. Birkett was recalled to say if we want a publicity officer at in that form, with the amount of that there was nothing unusual in Home, to let the world know that the cheque not filled in, and ticked the fact that Lammert's cheque we are doing our share and also, In the place of the amount; is that was paid to the Man Chuen Bank from what we have heard, to keop officialdom up to date in knowledge common or not?-It is not an before Moxen and Taylor's cheque of the resources of the port.. common. The Bank assures Itself had been received. He pointed in a case like that when no pay-out that Moxon and Taylor would ment is essential.

.

not have paid their cheque" until A chow dog, belonging

to

It having been ascertained that they were given the shares and Sorgt. Sword, has been sent to no payment is required at the time that Lammerts could not have got Kennedy Town for observation.

of the delivery of the ahares, if the shares until they had paid, 'It appears that Police Sergeant that cheque, G. E. 3, had been paid their cheque to the Man Chuen Kolly stepped over the dog when -Into the

it was eating a bono and the dog Man Chuon Banks Bank account, before the delivery order The ease le proceeding,

bit him.

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