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BANKRUPTCY COURT.
OFFICIAL RECEIVER'S
ALLEGATIONS,
Allegations that he had made entirely contradietary statements from those of a previous examine tion and that he was guilty of "flagrant perjury," were made against Lee Chak-man, in the Bankruptcy Court on Saturday by Mr. D. W. Tratman (the OfBeint Receiver), who asked that the debtor be detained by the Court as the case was one that should not be overlooked.
MONDAY, JUNE 7, 1926.
A NEW FRENCH DAM.
BICYCLIST FINED.
THE SYRIAN WAR.
M. HENRI BERENGER.
FOR CARRYING PASSENGER
DRUSE REBELS "HEAVILY DEFEATED.
BIG HYDRO-ELECTRIC PROJECT.
Paris, June 6.
TO REMAIN FRENCH 'AMBAS- SADOR IN AMERICA.
ON HANDLE BARS.
Beirut, June 5. Holding that a rider, carrying a
Paris, June G. The French column, continuing An official order has been pub- passenger on the main bar of a bicycle could not have full control to advance in southern Djebel, de- Ushed maintaining M. Henri Be- of the machine, Major C. Willson feated the Druses, who suffered conger as Fronch Ambassador to imposed a fine of $4 on a Chinese very heavy losses and left 122 dead the United States.-Router. who appeared before him at the on the field.-Router. Central Magistracy on Saturday.
A new dam for a hydro-electric plant has been constructed on the river Creuse, near Eguson, in the department of Indre. The con- struction of the dam is the first step towards harnessing the water
It was stated by Sergeant Hop power which will provide a suffi cient quantity of energy for alec dns that the defendant was seen trication of railways and the wobbling about at the junction of supply of the Paris district. Des Voeux Road and Pedder His Lordship, after reference to The dam, which is the most Im Street. In order to hold the handle the Ordinances on the point, said portant in Franco, has a full hold bars he had to put his arms round. that he had no power to ordering capacity of a millions of cuble the passenger, thus causing him to the debtor's detention, but metres. The electricity produced lose some control of the machine. expressed the opinion that
the case should, however, be will permit an economy" of 250,000
tons of coal annually.--Haves. thoroughly investigated.
Mr. A. el Arculli represented the interests of some of the credi- g tory.
若く
THE EGYPTIAŃ MINISTRY.
provided for the carrying on of Sanitary Board Intervention.e bank's business in the mean-
ADLY PASHA TO FORM The interference of the end me under inspection, the credi of the, Sanitary Department into tors to choose the Committee.
A CABINET. the private sale of two market His Lordship said that 30 per stalls by the owner was question-cent. would be the maximum
Cairo, June 6. ed by his Lordship when during which could be paid in such a case.
01 the recommendation the course of the hearing of the fe asked what the Oficial Receiver
thought about it. affairs of Chan Cing, trading as
Mr. Tratman raised no objec-Zughlul Pusha, the King of Kwong Choeng, it was mentioned.
tions to the adjournment. he agree- that a would-be buyer was pre-
form pared to pay a large sum to ing with Mr. McCallum's Argans hvited Adly Pasha to a Cabinet, and the latter has accepted. Reuter.
carry on business in the debtor's stalls, but the Sanitary Depart-
ment.
Adjournment Opposed.
►
ment objected to the transaction.. Mr. Hugh Jones, on behalf of The Official Receiver said that one creditor, opposed an adjourn the debtor, who was an old minn, ment. He was Instructed that! was a poultry dealer and had there was more partners' personal held the particular stalls in or Bank property than had been question for a number of years, disclosed and his client was not The goodwill of the stalls was held satisfied with the scheme of com- lo constitute a considerable asset position. as a would-be holder of the stalls was prepared to pay a large sum,
His Lordship remarked that Mr. Hugh Joney stood in "magni
to carry on business there. It ficent isolation." He (His Lord- was, however, impossible for the Head of the Sanitary Department to acquiesce in such a sale, con- tinued the Official Receiver. It would commit the Government to the holding of the stall by the family of the purchaser, in per- petuity.
ship) was impressed by the very large number of creditors who had signified acquiescence; in the scheme. If it had been merely a scheme put forward by one or two creditors holding large interests and there had been these eon- tinued adjournments there might His Lordship urked if there be cause for suspicion. He did was any reason why the Head of not want to "drive" the debtors the Sanitary Department should into a course of action without come into the malter at all, and full information and he would Was informed by the Offcial grant the adjournment. Receiver that it was a law that Results of the Boycott.
the sale of the stalls should be by Lee Chak-man, who was examin- public tender. The debior's ed by the Official Receiver gave as tenure of the stalls was determinals reasons for his bankruptcy able by a month's notice.
che recent boycott conditions and Appearing for, ane of the also the fact that he had "given debtors, Mr. F. E. Nash said that rises in the wages of his em- the intending purchaser had seen ployees.
the debtor and. the Head of the! Debtor had been concerned in a. Sanitary Department with regard stevedore business und stated tea proposal that the intending that things had been bad with him purchaser should hold what was since the seamen's strike of 1922 known as a "red share" in the followed by an increase of wages. business, that he should come in and then recent developments had as a partner.
added to his troubles..
A Benevolent Fraud.
Asked by the Official Receiver His Lordship: You mean that why he had continued to burrow the Head of the Sanitary Depart- knowing that there was no hope ment, the debtor and the intend- of his repayment, debtor stated ing purchaser should join together
that at the time he was still hope-
in a sort of benevolent fraud? fal of things settling down and
Mr. Nash replied that it was quite, a usual procedure.
that the business would pay.
Debtor was also questioned with Mr. J. A. Gordon Leask, for regard to a legacy of a part share! another creditor, said that he was in a house. His share in it had instructed that debtor had other been $1,000, debtor stated, and property of considerable value in this had been taken by relatives to the Colony. He would oppose any whom he owed money. application for a receiving order
Other Cases. and asked that an adjournment should be made.
His Lordship acquiesced.
In view of allegations on the part of a client represented by Mr. T. J. Prior," consideration of The affairs of the Wa On Company was adjourned."
Yat Wing Bank. Although "His Lordship had previously warned him that there
The client in question alleged would be no further adjournment. that the trustee mentioned in con- Mr. McCallum representing the nection with the scheme of com- politioning creditor in the henr- position, also certain members of ing of the affairs of the Yat Wing the Committee df inspection, were Bank said that he would show partners in the firm. that an adjournment was beneficial Liabilities of $250,000 and asseta only of $50,000 were man-
to the other creditors.
At a meeling of creditors atloned In connection with the scheme had been put forward and affairs of Lau Siu-pak in respect" an interim receiving order bad of which a receiving order was been asked for, such procedure granted..
boing at the request of 99 per On an adjourned application, cent. of the creditors. If a receiv- Fung Kang-po was adjudicated ing order was made it would bankrupt..
paralyse the future business of Hing Loong Shing-keo was the Bank. The creditors schema adjudicated bankrupt.
of
THE NORTHERN SITUATION.
AVIATION.
HERSCHEND 'ARRIVES AT
COPENHAGEN,
Copenhagen, June 6, The airman Herechend has” ar- lved from the Far East-Reuter.
ence
with his
CHANG AND WU.
Peking, June 5. Foreign" telegram dospatched
former rival. from Müzden yesterday afternoon This is considered partly due to his predicted that Marshal Chang Tao anxiety, to secure the stabilisation lin would leave for Tientsin either of the political situation in Peking that night or this morning, and it in order to hasten the Tariff Con was stated in Chinese military cir-ference and negotiations to secure funds for salving pressing finan cles to-day that Marshal Chang had left for the South at 3.40cial problems with which Man-
charla is now faced. o'clock this morning,
Meanwhile Marsha! Wu Pei-fu is. Although it is known that one sec- stated to have arrived early this tion of the Fengtien Party is strong morning at Koupetition; two sta
y opposed to Marshals Chang and tions north of Paotingfu, and it Wa Pei-fu meeting, it is stated was expected that he would in- that Marshal Chang, on the other spect troops at Changhaintien at hand, is very keen for a confernoon.-Reiter.
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