1930-07-03 — Page 2

THE

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THE HONGKONG TELEGRAPH, THURSDAY, JULY 3, 19

CANTON IN NEED OF MONEY.

NANKING REQUIRES FUNDS FROM SOUTH.

ACCIDENTAL DEATH. ACTION OVER A LOAN

MARKET ROOF COLLAPSES

AND KILLS WOMAN.

At the Central Magistracy yes- Canton, July 2 terday afternoon, Mr. Grantham, The Treasury of the Kwangtung with a jury-of three, composed of Provincial Government is being Messrs. H. Randall, Tse Taan-tai drained by heavy demands of the and G. D. Chin, held a coroner's in Canton militarists fighting in Hunan province against the "Iron-quiry into the death of a Chinese side" and Kwangsi troops, neces- woman, which occurred last month. sitating an appeal to Nanking for Mr. Grantham, outlining the case, financial assistance to carry 1 the civil war in South China. This statement is contained in a recent report issued by the Kwangtung 'Finance Ministry."

The report states that the Na- tional Government and the Kwangtung provincial. leaders have come to an agreement place the Kwangtung revenue from tobacco, spirits, salt and customs duties under the ad- ministration of the representa tives of Nanking; in other words, all revenue derived from these sources are being remitted to the Nanking Government.

Revenue Falling,

said that the woman was killed when a portion of the roof of the Salyingpun Market, West Point, collapsed. The police and Detective Sergeant Clark arrived on the scene and from inquiries made from by standers, understood that no one was in the building. When the Sanitary and Public Works Depart ment ciclies were clearing the debris the next day, the body of a woman was found, and it was then decided that an inquiry should be held.

- Detective Sergeant Clark said that having received information, he went to the scene and made In- On the other hand the revenue quiries. He gave a description of from likin, land and property, the wreckage. He was told that building oplum monopoly, and from vari- nobody was inside the Dus government monopolies farm-when the roof came down. It was ed out to Chinese syndicates, as a festival day and the stalls were well as all the minor taxation, is all closed early, which lent colour to being controlled by the Provincial the Information that no one was in

side." Finance Ministry.

Stall Holder's Evidence... Owing to the extensive smug gling of opium, tobacco and

A Chinese stall-holder said that spirits the revenue has been ser when he was standing in the market ously, affected. While formerly someone shouted out to him to run the Narking Government was able He did so, and when he had gone to derive something like $700,000

a short distance the roof of the Canton a month from

from

building collapsed. The stalls were tobacco and spirits, the present all closed, and he saw no woman estimate is placed at only $400.- there. But after the market was 000.

closed, people usually came in to Since the outbreak of the Nan-pick things up. king-Shansi war in the North. The holder of a fish stall gave loans have been made by the similar evidence. He said he Kwangtung Government to the Central Government. The exact thought it was, impossible for the amount is not known, but a Can-woman to have been there because

he would have seen her. ton newspaper mentions that

Dr. A. Grieves, who held the post- Nanking recently borrowed $300,- 000 from Canton to cover war ex-mortem on the body, described the penses in the North. The Kwang-injuries. He said that five ribs on tung leaders have intimated to the right and four on the left side Nanking that the Canton Treasury were fractured. The pubic bone was also fractured. He was of is hard up.

opinion that death was due to shock, and probably could not have been instantaneous. He doubted that if the woman had been extricated im mediately after, she would have lived.

Nanking is understood to be sending special representatives to the South to investigate the causes of the smuggling with a view to checking these activities. Leiyang Given Up,

--

Two P. WD. officials, Messrs. The latest news concerning the Nash and Hation gave technical Hunan war is to the effect that evidence. The former produced the "Ironside" and Kwangsi allies plans of the building. He said that are evacuating Leiyang in the in-he inspected the place and found the terior of Hunan province with the presence of wet rat in the beam on intention of coming South. The the portion of the roof which came "Ironside" Commanders have en- down. The defect in the timber listed the services of 2,000 Chin-could not have been visible from ese labourers in Laiyang for the outside. The latter said that he transport of military equipment, had also inspected the market and demanding also 100,000 catties of had made a report. The building rice from the defenceless farmers was examined at least once a year. there. The stocka of the farm- In all his experience he had not houses are being exhausted by known of a collapse like that. these demands.

The rebels are understood to have split into three divisions, with their main body stationed in Leiyang and vicinity. General

A verdict of "accidental death," no blame being attached to anyone, was returned.

↓

OF $400.

INTEREST PAYMENT DISPUT- .........ED BY. THE PLAINTIFF.

A claim for interest due, amounting to $43, on a principal sum lent of $400, was heard in the Summary Court yesterday afternoon before the Pulsne Judga (Mr. Justice: Wood) when his Lordship gave judgment for the plaintiff. Loung Kam-loung, married woman, living at No, 308, Laichikek Road, Shamshuipo, sued Chan Put-yew, No. 40, Tai Nam Street, Shamshuipo, Ko Ching-tai, No. 9, Ki Lung Street, Shamshui- po, and Wo Lin, No. 91, Apliu Street, Shamahuipo, the claim being for $400 money lent on a promissory note dated December Previously, first deferidant 14, 1929, and $43. interest. admitted that the principal "sum was owing but disputed the in- judgment was given for the plain- terest claimed. Consequently

Hff for $400 and a date was ized for hearing evidence with regard to the interest."

Mr. H. C. Lee, for plaintia, stated that second and third de- fendants were both known to plaintiff and they approached her with regard to a loan to Brat defendant, whom she did not know.

She agreed to make the loan, provided both second and third defendants, signed a note, and provided it was made in solicitor's office. The conditions were agreed to and the money was lent. Plaintiff had received $29 interest.

Giving evidence, plaintiff corro- borated Mr. Lee's remarks, after which first defendant gave evidence. He said that he re- quired the money to repair his shop but after he received it he had to close down. He had offer- ed to pay 20 per cent, to plaintiff in settlement, as he had arranged with other creditors, but she had refused to accept it. He claimed to have paid the interest.

Both second and third defen- dants gave evidence, saying that they signed the note because they introduced first defendant to plaintiff and in order that plaintiff might safeguard herself if first defendant ran away.

His Lordship said the plaintif was clearly entitled to judgment and gave judgment against all three defendants for the interest claimed, with costs.

A BIG SLUMP IN SHARE PRICES.

"CABLES AND WIRELESS" NOT DOING WELL.

London, July 2. A recent pronounced fallin Cables and Wireless", the great holding concern of cable and wire- less shares, received a fresh im petus on the Stock Exchange to-day when it was learned that no dividend was to be paid on £29,000,- 000 of the ordinary capital.

Chang Fat-kwai is with this divi- EXCHANGE BUILDING. were 90% last year slumped to 30.

SALE CONFIRMED BY THE SHAREHOLDERS.

sion. Further south from Lei- yang another division is under General Li Chung-yen, the Kwangsi militarist. They massing in Yunghing district, and it is learned on a good authority that this division is preparing to At a meeting of the shareholders withdraw from Yunghing towards of the Realty and Trust Company, Nankanghaien in Kiangat pro- Ltd., held yesterday, the sale of Ex. vince, about thirty miles from change Building to Messrs. Lane, the Kwangtung border.

Crawford, Limited was confirmed. Judging by the "Ironside" As previously reported, the pur- movements, the Cantonese Com-chase price is $2,400,000; a first manders believe that the rebels mortgage of $1,750,000 being taken will retreat into Kiangsi, con- by the Hongkong and Shanghai centrating on Nankanghsien with Bank, and a second mortgage, for the object of invading Kwang-$650,000 being taken by the Realty tung. Hostilitica, therefore, are and Trust Company. anticipated to break out between Ichang in Hunan and Nankang-

future.

haien in Kiangsi in the near pending the appointment by Nan- king of a Civil Governor. The Kwangtung Government has made

Kwangsi Government.

The "A" shares (seven and a half per cent. non-cumulative) which The "B" shares (which rank after) which were 104 last year are ́now quoted at eleven only.

The five and a half per cent cumulative preference shares, on which a dividend has been paid, have nevertheless weakened.

The factors which have adversely affected the company have been the

in the

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PRINTED MATTER

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Wall Street collapae in October, and SHEWAN.TOMES & CO.

the British Government's decision to conduct overseas wireless tele- phony through the Post Office in- stead of through the Imperial Com- munications beam stations.

Imperial Communications, Limit ed, anticipate a sharp contraction of profits in the current year." The net figure is not expected to exceed £600,000, or less than half the 1928-9 rate.

Reorganisation, accompanied by substantial working economies,

is proceeding.

a grant of $5,000 towards the The Marconi Company, accounts, It is understood that Mr. Ngan funeral expenses of the late Gen- also issued. show that shareholders Tak-cheung has been appointed eral Lui Woon-yim, who was mur- therein who refused to exchange by the Kwangtung. Government' as

dered at Canton, whilst the their holdings for Cable and Wire- administrative officer

looking Kwangal Government has made a less shares, benefit considerably in after the civil affairs of Kwangsi grant of $20,000,

dividenda.Reuter,

SALESMAN ŞAM

(BEY, SAM, "TH' MISSUS WON'T BE

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SEB SAM

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