1931-08-17 — Page 7

RUSSO-ASIATIC BANK.

SHANGHAI CLAIM

CRITICISED.

DESCRIBED AS SUBTERFUGE BY MR. JENKIN.

JUDGMENT RESERVED.

The attempt by Shanghai- creditors of the Russo-Asintle Bank to obtain a preferential i share in the surplus assets in Hongkong, on the ground that they are privileged creditors, was described as the ninth at- tempt to get the assets into the hands of Chinese liquidators by the Full Mr. F. C. Jenkin, in Court of Appeal this morning. Sir Peter Grain was the Pre- sident, and with him were the Chief Justice (Sir Joseph Kemp) and the Puisne Judge (Mr. Justice Lindsell).

Mr. Jenkin described it as "sub terfuge" and stated that the ap plication was not a bout fide ane.

The appeal is against a judg ment delivered by the Chief Justice (Sir Joseph Kemp! In Chambers on May 8, this year, the appellaols being the Bank of Chosen, Bank of Taiwan, Merrane tile Bank of India, Australia and China, Mitsu Hishi Bank. Neder lantische Indische Handels Bank, Samimate Bank, Huling Bank for Chinn, S. Matsumuto, The Fung yung. Yue Fah, U. N. Kon and J. 1. de Zatter, all of Shanghai. They were represented by Mr. 1. G. Sheldon, instructed by Messrs. Deurons.

Stokes

TELEGRAPH, MONDAY, AUGUST 17, 1931.

THE HONGKONG

FUNERAL

OF MACAO EXPLOSION

VICTIMS.

A general view of the cortege at the funeral of the European victim's of the Macao Explosion disaster.

H.E. the Governor of Macao was

HONGKONG SHARE

MARKET.

OFFICIAL SUMMARY BY STOCK EXCHANGE.

resumeci

When the Stock Markel this morning business was very quiet, as the following summory sha

Banks had enquiries at $2,010, with) no shares offering.

Canton Insurances had buyers at $1,550, but without lendlage to buns.) Tiena,

Unimus had sellers in the market nt $567,50, but there were no brayers in évidence.

among tho is present.

BUSINESS SLUMP FIVE CASES FOR

IN AMERICA.

Record Low Figure Disclosed.

SESSIONS.

RECENT MENTAL HOSPITAL

EPISODE.

MURDER CHARGE.

A murder case and a piracy in- BOOM FADES OUT. dictment are the features of this month's Criminal Sessions, which open at the Supreme Court morrow morning at ten 'clock. There are five cases down for trial altogether.

10-

The respondent is the Official

New York, Aug. 16. Receiver and Liquidator Mr. E.

The temporary business boom L. Agassiz). for whom Mr. P. C Steamboats Improved dightly to a Jenkin appeared, instructed by buying rate of $28.25, but without in the United States, created by Messra. Johnson,

and sellers cunning forward.

the announcement of President To-morrow, before the Chief Jus- Master.

Tasks remained at Saturday's buy-Hoover's moratorium plan, ap-tice (Sir Joseph Kemp) Chan Sam will face an indictment to the effect Appellants asked for an ordering quotation of $11,50 that the above-named Shanghaibuys in the market at $1.

Wharves were done at $104, with pears to have died down.

The New York Tina weekly that on January 29, 1927, on the creditors of the Hongkong Russo-

Hotels (old) were the medium of index of basic business activity high seas, of Fan Lau Polat, Lan Asiatic Bank are entitled to pre-ales at $17.30, buyers at the close has fallen to a new low record Tau land, with Fan Hling-young ferential payment nal of the offering $17 without attracting holders of. 72.6 as compared with 735ind others unknown, he assaulted Hongkong liquidation assols as The new shares had sullers at $17.25, the previous week, and an estimat- and put in fear of their lives Ng Lai and others in an unnamed fish- sainst other creditors, or for any Lands were wanted at $81, but nofed five-year murmal level of 100, other such urder in the pretoisen dinres were forthcoming.

In index for the correspondinging boat, and stole, with force and as the Court might think just. Realties,Sules took place at $17.50, period of 1950 Calso a stump year; violence, the ship, tackle, und cloth-

llers asking $17.78 with bayers pre-was 86.9. The previous lowing of the mariners on board. Costs were also asked for..

pared to go on at $17.30.

Before the Pulsne, Judge (Mr. Ewo Cottons had buyers at $14.70) nrd was 73.5 for the

Justice Lindself) the trial will com. ended June 20, without correcting.

The only line which has not merce of Wong Ping and Wong Mr. Sheldon said the point it) Trems had buyers prepared to do;

severe redaction since Kam, who are indicted for taking issue was whether the Chief Jus-ainable at this rare were 19:30 is cution cloth production. away, decoying, enticing way

China Lights were in demand all which 81 98.4 as com- tletaining Yesung age, with intest tice was right in refusing to grant not at rate.

Yun-kom, a child 326, without any transactions.

under 14 H.. Electrics.--A buying quotation It is generally felt that there to deprive the father, Yeung Wai, of $81.80 failed to attract holders, will be no improvement until of his child's custudy.

Cements (combined) at a buying the European situation rienta.-- rate of 519,80 did not gume to business, Reuter's American Servies.

Plea for Claimants,

ILK. Ropes were wanted at $21.40,¦ buyers prevailing at the close.

Watsons were recorded at Satur-

an adjournment to the opellants in order to give then time to get evidence to support their claims, Hin submission was that the ad- journment should have been grant ed. The liquidation of the bank was beset with great diffinities and the former Chief Justice (Sir Henry Gollan) lind said, in a judg ment in the matter, that the case was without precedent and there was no precedent which could be used for guidance. Coannel added | $7,50, that he believed that the President of the Court had agreed with him.

Counsel urged that, whether the with no sellers. merits of the case as set out ap]—————

env rates-nles oznin being negotinted at $16.00, buyers offering $14,50.

Constructions had buyers at withgot leading to transictions.

shown

pared with

Thirty-Hour Week.

werk

Atlantic City, Aug. 15,

years

A second case is scheduled

to

come before Mr. Jualice Lindsell to- morrow, the

the accused being Wong Ho, who is charged two counts, The first is that, with another per

#1

100

5-6. 1931, was found in No. 27. that necused, on the night of July North Street, with Intent to sten! the property of Pun Wo.

Both Courts will again sit on Wednesday, when William Bowen

xtiti The Executive Council of the son unknown, on July 6. 1931, he American Federation of Laboursaulted Fun Wo with intent to Lane, Crawfords: (old) clunged to-day urged the adoption of rob him. The second count alleges hands at $7.85, with layers offering five-sthy week and a six-hour de

to meet the "national emergen $3 of the coming winter. the third G.& Bands were enquired for at 794; consecutive winter of widesprend

unemployment.

Finding unemployment increas.

will be before the Chief Justice on pealed to the Court or not, the which meant that the appellanting to an astonishing degree, while

charge of murdering Lam Yo-yuk. claimants should have the oppor- had had more than three months in the owners and managers of indus- This case relates to the recent epi- tunity of stating their case

which to got evidence, and it should try "stand impotent and helpless, sore at the Mental Hospital when have been obtained in that time. the Council' issued a plan oftia

Lam, an inmate, is alleged to have A

action which included six pro frun Subterfuge.

run amok and

killed by

In reply to the appellants' letters setting out their claims, the Ji- quidatar did not give them sufi- cent time to obtain evidence, ne- cessary to support their case, as they were only given seven days, which was not sufficient. Comusel added that that was his whole gint, and he asked their Lord- ships to find in his favour, that the claimants should have had an op- portunity of proving their cases. before the Chief Justicè,

Indivisible Contracts,

heen

Mr..

Mr. Jenkin went on to refer to risions, two of which were, adap: Bowen, another inmate. various attempts, made to get holdtion of the five-day week A. M. L. Soares, instructed by Mr. of the surplus assets in Hongkong, private and Government Industrica A. el Arculli, has been assigned saying the present was the ninth. He and option of the six-hour day if by the Crown to defend.

and "work security" submitted that the present applice necessary jou was a suberfuge, using the wherever possible, names of alleged creditors in

order

to get the assets into the hands of

the Chinese liquidators. They had HER HAND ho said, exhausted every legal chan

nel and been defeated every case, TREMBLED Then they Bethought themselves of

the matter of privileged creditors. AS'SHE WROTE. With regard to the summons in

They were now attempting to get Chambers, it was dismissed in tots into the Bquidation, which had been

by the Chief Justice on May 8, to-current for nearly five years, in the

rise to the summons was that,

کرده

doubted.

privileged creditors, and

It was just a hurrieti note to 1 anxious young man but its mies.

ALL

Mr. Justice Limself will hear the enge of lau On-num, the Crown alleging that on June 2, 1931, Yaumati, he wounded Leung Sze

alius Levag Sal-mui, aliùs Lau mui, Leung-shi, with intent to do her grievous bodily harm, maim,

dis- figure or disable her. There is'a secon count against accused of maliciously wounding the girl.

· CARGO BOATS IN

COLLISION.

HARBOUR INCIDENT ON SATURDAY.

A collision occurred in the har- Saturday between two

on

gether with the application for an the application must be very grave-sage changed the destiny of more adjournment. The point giving upon exchange contracts having that the Chief Justice was quite sloping couple.

The President:-Your point is than one person. It precipitated an exciting midnight search for an It brought trenien- been made in Shanghai between right in refusing this adjournment tou the bank and the appellanta, cor- because the application was obvious-break--to beautiful Llane Barrelt.

dous Imppiness-and then

bell heart. responding counterpart contracts useless and it was no good con It is only one of the thrilling situa were made with different parties tinuing?-Yes.

tious in

the new serial, "Heart of In Hongkong by the Russo-Asiatic In fact, it was really the case Liane," written by Mabel McElliott, | bour Bank in Hongkong, in such a way that the application was bound to and begining in the Triegraph tocargo boats, one of which was in that the contracts were indivisible fail?--Yes, and, in fact, formed one contract. The losses sustained by the Shanghal creditors in respect of those transactions should be made good out of the Hongkong assets, It was all one contract and the ap pellants were entitled to payment of debt before any further their

whole division was made.

In opposing the application, Mr.

on

of

morrow.

THE DUENNA.

(Continued from Page 6.)

tow.

Not Bonn Fide. Counsel continued it was not

Leung Yee, the mistress of cargo bont No. 14V, has reported that really a bona fide, application, as the appellants could mover be

about 1.30 p.m. on Saturday, she left Stonecutters Island for the regarded as privileged creditors. The record during the five

Causeway Bay refuge. When un yepra

der sail, on port tack near buoy No. currency of the liquidation did not

3, she saw the steam launch, Fook ovon hint

at there being any

ined in position to keep the house Lol, towing astern cargo boat No. or Shanghal. Several from danger of fire and thunder 3344V. alightly on hg starboard Jaskets Baid he thought the Chiefteca in Hongkong and they must sperity.

appellants had branch and the family in health and pro-bow and crossing her course. Sho Justice's refusal to grant on ad-

shouted to the launch pilot to get hava known and did know of the The sireno fa also still to be out of her way, but no notice was journment was largely based circumstances which he (counsel) liquidation here; and it was their seen and heard, or heard of, in taken. There was then a sudden

right, f

they were

privileged cre- this most modern city's most gust of wind, and she lowered her their

claims. If modern new streets. From 11 sail. At the same time, the Fook were privileged creditors the pm, till past daylight late comers Loi, instead

of standing on her part of the Chinese liquidators to point could never have been miss-clap their hands and a man with a course, swung round steering a circumvent different orden

orders and ed because thoir claim for four lamp and a bunch of koys will parallel course. The launch manag eighth Lhe different attempt to lakhs and over would have untitled come up smiling to open the street ed to clear her boat, but the bont

them from got the money Hongkong into

immediately to

to the whole of doors of any abode in "his" street she was towing came in contract with her craft, being struck amid- the surplus assets in Hongkong. for ton contimes! China and also Into Paris.

The President said he thought Counsel continued that, when

His name is taken from the set ships. considering whether they should grant the application or not, their Lordships must bear in mind that the summons was heard on May 8,

put forward, showing that the app to prove

plication to file by the creditors was

a very thinly-velled attempt on

-was

the

RADIO BROADCAST

TO-DAY'S PROGRAMME.

From Z. B. W. on a wavelength of 355 metres.

4.00-7.00 p.m. Chinese Recorded Programme.

7.00-18.00 p.m. European Recorded Programme,

Records

7.00-8.26 p.m. Columbin kindly suppiled by Messrs. Anderson Music Co.

8.20-10.30 p.m. Programme of Re- cords kindly leaned from Mr. A. M. Bowes-Smith's Collection.

7.00 p.m. Stock Quotations. Mall Notice etc.

7.05-7.35 p.n%.

Band Selections.

The Middy March (Alford).

Faithful and Bold (Rust).

The Regimental Band of H, M.

Grenadier Guards..

'Soifty Awakes my Heart from

Samson and Delijah"

(Salat Saens).

I Baelo (Arditi),

DB230.

The Regimental Band of H, 38. Grenadier Guards. 4028.

Military March Naval March.

The Regimental Band of H. M. Grenadier Guards. 5471, Russian Fantasy (arr. Lange and

Somers).

Petticoat Lane (A "Kosher" Medley)

(arr. Parry)

Debroy Somers Band. 9830. 8.00 p.m.

Local Time and Wen-

ther Report).

7.5-8.10 p.m. Octets.

Moonbeams and Shndows (Squlro). Melody (Dawes).

J. 9. Squire Celeste Octet 5839. Chant Sans Paroles (Tschaikowsky.

arr. Sear).

Invitation to the Valse (Weber

arr. Saar).

-J. H. Squire Celeste Oeter. 9608. Scene De Ballet (de Berlot

arr. Sear).

Second Movement from "Symphonie

Pathetique"

(Tschaikowsky arr. Robertson). J. H. Squire Celoste Octet. 0826. Memories of Tschaikowsky

(arr. Sear).

J. H. Squire Celeste Octet. 9198. 8.10-8.25 p.m. Operatie.

Barber of Seville-Overturo (Rossini), Classle Symphony Orchestra. G1000. La Doheme-Selection (Puccini

ori. Gauwin).

New Queen's Hall Light Orch. 9167,

8.25-10.30 p.m.

Programme of Records kindly loan- ed from Mr. A. M. Bowes-Smith's Collection. (Two more programmes from this source will be broadcast on Monday August 23rd, and Mondny August 30th).

8.25-9.50 p.m. Musical Comedy, etc. Blue Train-You've Got To Fit

Your Steps.

Bobbio Howes and Chorus. Col. 4440, Vocal Gems from "Daring I Love

You" and "Here Comes The Bride."

Light Opera Co. (H. M. V. C1871). Selection from "Clowns In Clover."

Ray Starita and The Picendülly Revole Band. (Col. 9205), Theme Song "Splinters" "I'll Be'

Getting Along."

Layton and Johnson. (Col, DB88). 8.58-9.18 p.m. Orchestral.

Two Bavarian Dances (Elgar).

London Symphony Orchestra, (H. M. V. D1367). Sleeping Beauty Waitz

(Tschaikowsky). Royal Opera Orchestra (Covent Garden). (H. M. V. Č1415). Molly On The Shore (Grainger).

Royal Opera Orchestra” (Covent Garden). (H. M. V. B2401). Shepherd Fennela Danco (Balfour

Gardiner). .

Royal Opera Orchestra (Covent Garden). (H. M. V. C1409), Dance of The Apprentices (Dia

Moistersinger) (Wagner),

.

Albert Contea and Symphony

Orchestra. (VIC, BOGO).. 9.18-9.37 p.m. Piano Solos by Wi helm Backhaus.

Hohemian Dunce (5metans). Caprice Espagnole (Moskowski),

(H. M. V. DB1130), Studies Op. 25 Nos. 2 and I1 (Chopin), (H. M, V. DB1178). Military March in E flat (Schubert

Art. Backhous),

(H. M. V. DBI125). 0.37-10,03 p.m. Variety,

Songs At The Plano-That's Why

I Love Her. You Musn't Do It After 8 O'clock.

Norman Long. (Col. 5324). Piano Solos-Marigold and Hollyhock. Billy Mayeri. (Col. 4800). Monologue The Afeandorings of

Monty No. 11 The Sad Story of Mrs. Paddiewick,

Milton Hayos. (Col. 3834). Vocal Duets-Oh Doris Where Do

You Live!

There's one little Girl Who Loves Me. Layton and Johnson. (Col. 4865). Laughing Record-The Singing

Lesson.

(Odeon 01030). 10.03-10.30. p.m. Concerta, George Gershwin's (Jazz) Plano Concerto.

1st. Movi (3 Sides) Allegro. "2nd, Movt." (2.Sides) Andante con ard. Movt. (1 Side) Allegro con

Moto.

Brio.

played by Roy Bargy and Paul White- man's Orchestra. (Col. 7171/2m). 10.30 p.m. Rugby Mid-day. Press 10.33 p.m. Close Down,

News.

8, his boat was hit on the starboard ide amidships by another boat, un- Till It was 20 feet away. It was the duty of the launch pilot to keep a look-out. He put out a fender, but His boat was damaged to the extent of $100,

it would be better to reserve Judg-speech of the old street watch- Young Hung, foki of No. SU44V, ment for the purpose of giving man, who called out each hour of said his boat was being towed by

written judgment, and this was the night and ended with the as- the Fook Lot, and making for theIt was too late. agreed to.

surance that it was a noche sirene. Yaumati typhoon. Near buoy No..

See Pawell's Selection of

RAINCOATS

..

FIRST.

Powell's havo always a well assorted stock includ- ing Single and Double Texture Waterproofs, Bur- berry and Gaberbine Rain- coats, Motoring. Costa,. Rubberoid in Black and Brown.

These are in all sizes and various lengths, the prices range from $19.50, Less 10% Discount for Cosb.

Your inspection is invit- ed without obligation to purchase...

Wm. Powell, Ltd.

specialists in Gentlemen's Wear. 10, ICE HOUSE STREET.

BALLANTINE'S

in use for almost 100 years

Established 1827

By appointment to

H. M. The Late

Queen Victoria

H. M. The Late · King Edward VII

AND

His Majesty King George V

PURE SCOTCH LIQUEUR WHISKY

10 years old

If you want a really first class Scotch Whisky at

a reasonable price, you can have no better than Ballantine's Liqueur Whisky. It is excellent.

Obtainable from All Wine Merchants'

Sole Agents: CENTRAL TRADING CO., Hongkong.

NEW PEKING RUGS ́AND CARPETS.

NEW SHIPMENT OF STUNNING BEACH PYJAMAS and

THE VERY LATEST ÏUUNGING PYJAMAS. JADE TREE, LTD. PENINSULA HOTEL ARCADE.

A REVOLUTIONARY DISCOVERY

The Gas Industry now offers you The New Thermal Storage Method of beating water. This brings steaming hot water to every bot tap in your house, whenever you want it. And at a remarkably low cost.

"At a remarkably low cost"—that is the special advantage of this new. system. The hot water storage tank and the gas heater form one complete unit. The storage tank is like a large thermos flask. It is so perfectly insulated that water once heated up loses hardly any heat. Therefore only a tiny glimmer of gas is needed to keep it steaming hot.

This new heater is automatic in action. There is not the slightest work to do. You light it and leave it to look after itself, safe and certain, day and night. It turns up the gas when water, needs. heating, and turns it, down when the water is hot, You must learn more about this revolutionary discovery. Visit our showroom or write for further. particulars,

GAS

THE PREMIER FUEL FOR WATER HEATING:

HONG KONG & CHINA GAS CO., LTD.

HEAD OFFICE & WORKS-WEST POINT, CENTRAL SHOWROOM-ICE HOUSE STREET.

(Near Star Ferry). KOWLOON SHOWROOM-246 NATHAN ROAD, (Corner of Jordan Road)

Telephone 20000 4M