1927-11-21 — Page 2

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i

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MAKE THE WILL TO SAVE THE DEED BY EFFECTING

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How many men, braving decided to save say £100 year for 20 years, dio after having accumulated only £200 or £330 7

By investing the £100 a year in Life Insurance the will would have been taken as the dead and at death the gavings would have been anticipated.

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Tel. C. 1122,

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HONGKONG.

THE HONGKONG TELEGRAPH,

A

IN BANKRUPTCY.

DEBTOR WHO BORROWS

FROM AMAHS.

Francis Xavier dos Remedios, a

MONDAY,

MERCHANT'S WILL.

BEQUEATHS $60,000 TO HIS WIDOW.

Mak Sik-kwong, alias Mak Wai- clerk employed at Messrs. Cald-chuen, a merchant who died at beck, Macgregor and Co., Ltd.. his home at No. 118 Connaught was publicly examined as a bank-Road Central, on May 27 last, has rupt at the Bankruptcy Court on left property in Hongkong to the Saturday when he admitted that value of under $68,900 to his his liabilities were $7,172, and his widow, Mak Poon-shi. nssets $120,-. The proceedings took place before Sir H. C. Gollan, the Chief Justice, who, in the course of the examination, repri- manded the debtor for borrowing indiscriminately from everybody including amahs who were in his employ, without the prospect of being able to pay back the

amounts.

NOVEMBER 21,

'DISARMAMENT.

BRITISH AND AMERICAN NAVIES.

Moscow, Nov. 19. An influential and numerous de legation has been appointed to the Conference at Disarmament. Geneva, headed by M. Litvinoff, Router.

1927.

SIR CECIL CLEMENTI. YOU NEED A PIANO 17

GUEST OF CHANG TSO-LIN

AT LUNCHEON,

Peking, Nov. 19. Sir Cecil Clementi, Governor of Hongkong, who during his stay here has been the guest of honour at luncheons given by Marshal

Tiontsin, Nov. 20. Sir Cecil Clementi, Governor of Hongkong arrived here early this morning from Poking with his family. He will return to Hong- kong via Shanghal-Wah Kiu Yal Po.

Chang Tso-lin" and Mr. Pan Fu London, Nov, 19.

and at other functions, at which and The Government's decision an- many prominent Chinese In a will, probate for which has nounced, in the House of Com-foreign gentlemen were present, been granted to the widow, the mons by the First Lord of Ad-leaves Peking to-morrow for Tien- deceased states that "being admiralty, Mr. W. C. C. Bridgeman, tain en route to Shanghai-Reuter. and afraid of the unexpected not to proceed with the laying event," he directed that, from the down this year of two of the three date of his death, the sum of cruisera for which proviston was $9,800 in his name in the original made in the Navy Estimates, is capital of $10,000 of the Yan Wo of much greater significance than Chan Boarding House, $1,000 has been generally realised. which he dwned in the original capital of the San Wo firm of It is stated that behind the de leather-boxes at Mongkok, Yau- cision is a deliberate intention mati and another house at not to lay down any more 10, Eastern Street, West Point, be 000-ton cruisers so long as world given to, to be administered influences aro at work in the direc.... by the widow, mentioned in the tion of limitation of naval arma- will as his kit fat wife, and that ments. no-one else shall be allowed to raise any disputes in respect of these monies and properties.

In examination by the Ocial Receiver (Mr. E. L. Agassiz), debtor said that he was born in Hongkong 38 years ago, being first omployed with Melchers and Com- pany, as a clerk at $50 a month. After liquidation of that Company, he went to Macgo, where he entered Government service at a salary slightly below that figure. He later joined Messrs. Caldbeck, Macgregor, being now in receipt of, a salary of $200, but having In a codicil to the will, dated received notice of dismissal. the same date, the deceased direct- When debtor, under crosa-ed that the businesses of both examination, admitted that he had the boarding house and the leather- indiscriminately borrowed monies, box shop be allocated to the even from amaha, some of whom benefit of a fund for the worship were formerly in his employ, Sir of two ancestors. Henry Gollan said: You seem to borrow

the money without slightest prospect of being able to pay, back. honest?':

י

The amount set aside in the Navy Estimates for the prelimin ary work on these vessels was about £18,000 during the present year.

SUGAR COMBINE.

A BOOMERANG THREAT.”

Amsterdam, Nov. 19.,... De Telegraaf says that respon- sible quarters consider that the idea of restriction of sugar pro- duction is totally excluded as far as the Java growers are concern ed, in view of the prevailing con- ditions of their industry.

pro-

Do you think that is that the man might have mis- ment only one cruiser of the" of arranging an eventual common

After hesitation, debtor replied. on the question being repeated: No. }

I should His Lordship: No. say not,

Disgraceful Stute of Affairs.

His Lordship, in" again com- menting on the conduct of the debtor, remarked that it was a disgraceful state of affairs. Debtor seemed to have borrowed from everybody, the amaha who were in the Court, and several

others.

The Official Receiver commente understood the extent of his authorized powers, but it was cer- tainly in his favour that he had again appeared in Court and had not attempted to bolt from the Colony.

eventually

One of the cruisers was to be of "A" type of 10,000 tons, with eight inch guns, and the other

It is anticipated that the im. two were to be of "B" type of Spending discussions with the Cu- 900 tons, or less also with eight

ban envoy will therefore inch guns.

By the decision of the Govern-bably, centre round the possibility.

selling policy, type will be laid down. It is understood that the present in- tention of the Government is that a cruiser of 10,000 tons of the "A" type shall be dropped out of the programme altogether, and that next year the position with regard to the second "B" cruiser shall be re-examined in the light of the situation then existing.

Mr. F. E. Nash, solicitor for the trustee, referred to several aspects of the matter supporting the con- tention that it was a genuine mis- understanding; and

Regarding future construction, His Lordship made an order for the newspapers point out that a committal, conditionally suspend- ed for a fortnight to enable the great deal must depend on the at- titude of the other Powers towards trustee to pay into Court the sum the step which the British Govern of $690 involved in dutiable land." which was the subject of referment have now taken in favour of slowing down the building of large cruisers. British Wireless,

Debtor submitted that he was married with d family of ten chilence. dren. Sickness mongst them had caused his living expenses to go up beyond his income, and doctors' fecs as well as funeral

expenses in connexion with the demise of three of the children had, in the first place. compelled him to start borrowing.

On being asked whether they had any questions to put to debtor, one of the amaks. in Court said that debtor had referred to his children. She and the other ere- ditors also had children to, bring up on small salarios.

His Lordship: It should be warning to them wot to lead with out security and with no better credentials than those of this man, The public examination was then closed.

re-

A Point of Law,

:

The point arose from another case as to the definition of the

term in the Ordinance "substantial assets" on which a receiving order could be made.

The Official Receiver said that

be regarded "aubstantial" the assets must bear a substantial proportion to the general debts.

in

order to

as

Mr. E. Davidson, who, on behalf of the debtor, opposed the Official the Receiver's application for annulment of a receiving order, claimed that the assets of $8,000

America's Programme.

Washington, Nov.19.. pects the Navy to be increased While President Coolidge' ex by the addition of a number of tralaers, it is reiterated at White

The journal is of the opinion that Cuba's reported threat of cut-throat competition, if the pre- sent negotiations fail, is likely to recoll most severely on Cuba as the principal producer-Reuter.

·INDIAN POLITICS.

NATIONALISTS WANT FULL

SELF-GOVERNMENT. -

London, Nov, 20. Acting under instructions from the President and General Secre tary of the Indian National Con- gress, Fundit Motilal Nehru, the well-known political lender, who ed the Labour Party to consider is at present in London, has ask the advisability of withdrawing their members from.the Statutory House the failure of the Commission and to 'desist from all Geneva Conference will not affect efforts at compromise, the Navy's building programme He has informed the Labour which the President will recom-Party leaders, in this connexion mend in December-Reuter's that nothing short of a suitable American Service.

form of full responsible Govern- ment will satisfy the Congress,— Reuter.

J

European Armies.

of

London, Nov. 19. possibly "marein that they constituted more than 7 per cent.

Sir Laming Worthington-Evans dividend for creditors, were

has issued a letter for publication "substantial assets," within the condemning the mis-statements recently made by prominent poli interpretation of the Ordinance.

The Official Receiver referred to ticians, notably Mr. Lloyd George, the difficulties under which, in in regard to the size of the con- his position, he had to use discre-quering nations' armies." tion in arriving at the finding of "substantial assets" in any bank ruptcy case. He considered that at least 10 per cent, was a useful average, and if the power which he now used as a lever in cases of people voluntarily going into bankruptcy was to be taken away from him, bankruptcy law would be made even more difficult than it was at present for him.

V.D.A. SUNDAY.

BI-LINGUAL SERVICE. AT ST. JOHN'S CATHEDRAL.

Services in connexion with the Hongkong Victoria Diocesan ASSOCIO- were held at the Cathedral

that tion

of particula: interest being the bi-lingual celebra

that His figures show 3,552,000 armed troops at present in Europe, 1,124,000 belong to the Soviet army, whereas the total | festerday, number of armed troops in Europe prior to the war was 5.918,000.

A Trustee's Responsibility, In regard to the affairs of the Chan Ying Cheq firm, the trustee in charge of the liquidated funds of this company was censured for bia action in utilising the funds in his custody to finance a private Court action of his own at Canton. At a previous hearing, the Chief Justice had ordered the trustee to pay the amount involved ($1,500) into the Court within ten days. The Official Receiver now ported that instead of this, the trustee at the eleventh hour pro- duced a promissory note made in his favour by the debtor and his son, the effect of which would be to place him in the position of a Recured creditor. Nothing, how- ever, appeared about this alleged debt, either in the statement of Mr. A: E. Hall solicitor for the accounts which had been declared, debtor, applied for a receiving or or during proceedings in

con- der in respect of Fung Tat-hang. nexion with creditors' meetings. His lordship asked whether

With regard to the claim that there was any question of insulfi- by pensions), trustee had had a letter of authoriciency of assets.

Sir Henry Golan said it was a point of considerable importance, for which he must reserve judg ment.

+

$1,000,000 Liabilities.

At the present time, the stand ing army of the United States fa only 118,000, while the European total is 800,000 less than in 1924.

Sir Laming Worthington-Evans declares that the Government has done its utmost to pave the way to general limitation of armaments, He also points out that the British military garrison's abroad have been reduced below their bare needs, that the Army Estimates are now £41,500,000 (of which sum £8,000,000 was accounted-for compared with £82,000,000 in 1921.

tion at 3 p.m.

The service took the usual form, with a procossional hymn, followed by prayors, the creed and the lesson, hymns and sermon, the blessing followed by the recessional, Worship the King"

"0

The service was well attended by Diocesan and Church workers and Chinese associated with the various religious bodies in the Colony.

الم

OLD MASTERS.

THE LATE LORD IVEAGH'S COLLECTION. sation from a previous Official The Official Receiver: It is Taking into consideration the

London, Nov. 19. Receiver, there was a record of a near enough to the line, but I have reduced value of money, he states. Sixty-three paintings by great letter written to the Consul atao objection at this atage. Canton, but neither in this nor in His lordship intimated that it that the British army expenditure masters, valued at over £500,000.

which the late Lord Ivcagh be-: the reply from the Consul could was a very large estate. The as-is less than before the war.

queathed to the nation, will shortly sets seemed to be in the neighbour- The Soviet army estimates,

be placed on exhibition in the hood of $90,000 and the liabilities which two years ago were over $1.000.000. Fe would grant 43,000,000, are now £67,000,000. Royal Academy's galleries at Bur-

lington House.--British Wireless. the petition for the time being.

the inference be drawn that the trustee was empowered to utilise the funds for his own private pur-

poseя,

Reuter.

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