1928-12-05 — Page 2

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THE HONGKONG TELEGRAPH,

VICTIM STABBED.

CHINESE WHO WAS HELD UP BY FOUR MEN.

A highway, robbery committed by four men in Prince Edward Road early on the morning of November 12, was described to Mr. E. W. Hamilton at the Kowloon Magistracy yesterday afternoon when a Chinese was charged with complicity.

STAMP DUTIES,

WEDNESDAY, DECEMBER 5, 1928.

DISCUSSION AT CHINESE CHAMBER MEETING.

At the Chinese Chamber of large Commerce yesterday, gathering of Chinese business men registered a protest against the proposed amendment of the Ordin- ance relating to the stamping of: share transfer deeds.

▼

Mr. Ll You-isun took the chair and amongst thoso present were the compradores of many foreign' firms and banks, and heads of many Chinese hongs and firma Mr. Af, K, Lo, the Chamber's legal adviser, was also present.

Inspector Fallon prosecuted and in relating the facts of the case to his Worship said that the cora- plainant Ng Sing-how of No. 107, Kowloon Tong, had engaged a ricaha in Shanghai Street at 1,80 in, on November 12 and was re-

The hardships that the introduc- turning to his house. On nearing tion of the new legislation would the railway bridgo in Prince Ed-Inflict on legitimate purchasers of ward Road, he noticed four mon local stocks and shares were en approaching his ricsha,

umerated in a letter written to the chamber of the Gold and Silver Exchange, an institution re. presenting the Chinese, banking community,

The men were separated into two parties, and walked on each side of the road. On reaching the complainant they overturned the ricksha, three of them attacking

After pointing out that business Ng and the other chasing thein Hongkong is still being affected coolie who immediately disappear by unsettled conditions in China

THE CHIEF MAQUILLA,

NEWS OF CASUALTY SENT TO SHANGHAI,

Shanghai, Doe. 4. The Shanghai agents have received tho ..., Chief information that Maquilin has foundered, but no lives have been lost.--Reuter

The Chief Maquilla, Information regarding which has already been published, was bound for Skanghat from America with a cargo of grain.]

deed and pass it on as negotiablo ecurity to the lender of the money.

Directorates,

In some cases, shareholders might desire to be represented on n board of directors by certain persons, who however, do not hold a sufficient number of shares in the Company to entitle him to take

sent. In such event, it is fre- quently the practice for the would- be director's supporters to trans- fer their holdings into the name of their candidate, who, on recely- ing the now certificates from the "The complainant was then rob- the Gold and Silver Exchange company, immediately signs & bed by the three men, two of whom claimed that the present was the transfer deed and returns them were armed with daggers. Dur-most inopportune moment for the to his supporters. The new legis. ing the struggle which ensued Ng Introduction of the proposed legislation will prevent this.

lation. The Chamber was asked The was stabbed in the thigh.

ed from the acepe.

If purchasera of a company's

prisoner was recognised as the to invoke the help of the two sharos were required to tranfer

man who had held the complainant by the neck,

After returning to his house, and having his wound attended to; the complainant made a report to the Police Station.

The following morning a de tective repeived Information and arrested the prisoner In Pakhot Street. lie was searched and on his person were found two ar- ticles which had been stolen dur ing the robbery. In a search of all the pawn shops, the detective also recovered a wateh which had been stolen.

Mr. L. 1. C. Caltrop, A. S. P. (K), rave evidence of the identi- Beation parade. He arid that the prisoner was picked out by the complainant without hesitation.

The case was adjourned,

HIGHWAY ROBBERY,

Chinese representatives on the Legislative Council, so that the latter body might be made to realise the objections to the new

bill.

History of the Matter.

Mr. M. K. Lo, who was invited by the Chairman to speak, told the gathering that they must, in view of the prominence given to the question by the English and Chin- ese papers, be familiar with the proposed legislation, and added that he was not going to take up their time by going into the details again.

shares at once, on purchasing, inte who would like to invest heavily their names, then certain people In any one company might be pre- vented from doing so, if, by any chanco, the articles of association of that company required that no one person should hold more than a fixed number of shares. In the past, a person ou reaching the fint allowed him by the articles of association of the Company, would register his further holdings in the name of another person, from whom he then obtained a transfer deed and thus became, in effect the real holder of the

In 1921, sald Mr. Lo, the Gov-shares. ernment had intended to pass a

No Deliberate. Fraud. similar bill in regard to transfer deeds, but the then Chief Manager

Mr. Lo proceeding sald there of the Hongkong and Shanghai Rank, who took a deep interest in appeared no reason for the intro- duction of the proposed Ordinance commercial matters and was able to visualise the harm auch an Or- and remarked that there were not many who deliberately went out dinance would do in the commer-

of their way to defraud the Gov cial welfare of Hongkong, gave it erament revenue. If a person, by on his opinion that such an Or-signing transfer deads, escaper dinance would be impracticable, death duties, then there was noth It was then explained that the ing under the proposed amund- business of the brokers might be ment to prevent the signing of Following the hold-up at Hung-handicapped, and in view of the transfer deeds, say two days be hom on Monday night, when a clamour raised against the Bill, fore death. In any case, sald couple of desperadoes carried out the idea of taxing transfer deads] Mr. Lo, it was not everybody's a successful, raid at, a Chinese in so rigorous, a munner was drop-intention to defeat the ends of money-changer's shop, the Shauki- | pod and in it?ʻplace, the Govern- the law, but rather was the op. wan police received news of a high-¦ ment introïfüred à stump duty on posite ease, and no matter what, way hold-up yesterday morning, share sale and purchase notes, the legislation, freak cases must

OLD MAN OVERPOWERED IN

SUDDEN ATTACK.

station оп

The raid at Shaukiwan was also carried out by two robbers.

An old Chinese labourer reports that while leaving the wireless way home, shortly before dawn yesterday, and when passing along the Shek rond, he was attacked all of a sudden by a couple of men. One of them had a big bamboo stick, with which he knocked his victim to the ground, the man losing con-

aciousness. He was unable to re- call what happened after this, but on regaining his faculties he found that $50 in moncy, which he bad In his possession, had been stolen. He could not recognise the men, owing to the darkness.

THE SERVICES.

NEW HOME TO BE OPENED BY GOVERNOR IN JANUARY.

His Excellency the Governor, Sir Cecil Clementi, K.C.M.G., has con- sented to open the new Wesleyan Sailors' and Soldiers' Home on the Praya East on Wednesday, January 30, at 6.30 p.m.

While a sum of approximately $20,000 is still needed to complets the scheme, it is a pleasure to announce that, as the result of re- presentations kindly made by H. E. Major General C. C. Luard, C.B., C.B.G., win has from the begin ning taken the greatest interest in the Home, the Army Council has authorised the payment of £250 from the Royal Tournament Profits Fund towards the expenses involved in building the new premises.

$ALESMAN ŞAM.

{WERE DOIN'ALLWE OH, MY JEWELS-

Mr. Jo said that he failed to Hee why the proposed amendment should be necessary. The 21 did not explain that but merely state that the object was to prevent the Government from being defrauded of its stamp revenue.

The new law, said Mr. L. could briefly be defined as calculat ed to compel everybody who bought shares to transfer them into his name, failing which, he was to pay a penalty in the forn of late fee.

arise.

Mr. Lo concluded by stating, that he felt sure that it was not the Government's intention to deli- berately injure the public's righis and he felt sure that any petition forwarded would receive due con- sideration from the proper quar ters.

OA the

Many others spoke advisability of registering a pro- test against the passing of the Bill.

The Chamber, after much dis- cussion as to the nature and word- Ing of a petition, unanimously de cided to forward one at the ear-

est possible moment. The word- ing of the document was left to the Executive Committee.

Petition Being Prepared: After referring to special facili- ties to be allowed to "nuthorised bankers" and "nuthorfhed dealers," Mr. Lo announced that he was drawing up a petition, which, when

In the course of the discussion, ready, was to be signed by every

Mr. Ho Iu announced that he bad section of the business community, protesting against the suggested feared to read it in the presence already drawn up a petition but BI

Amongst the many instances of the Press, lest the effect should cited by Mr. Lo during his be apolled. speech, in which the new Jaw would prove an Insurmountable obstacle were the following:

If a person invested money in [ahares and desired to sell them in a rising market, but for a certain reason had in leave the Colony, then he could not leave his scrip behind with a duty stamped trans- for deed, unless the person en- trusted with that serip was pre- pured to sell it, within a month of the departure from the Colony of the holder of the shares."

If a person borrowed money lo complete the purchase of certaia shares, then on receiving the scrip from the Company he could not attach to it a stamped transfer

(I'M A REPORTER AN'.

CAN TA LOCATE SAM / MÝ DIAMONDS - | VO LIKE TO HAVE A

AND RECOVER YOUR) THE THUGS STOLEN JEWELS,

WHO MRS, SHECKLES) SWIPED THE

SAFE FROM THE HOTEL DE FLOP ARE (GETTING SAT TO BLOW T UP CLERK

SAM, WHO

MISSING,

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Of THE GREAT

GEM ROBBERY

MY RUBIES. MY.|| GOODNESS! THEY WERE PRICELESS! WHY DID I TRUST THEM WITH THAT

CLERK?

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