1934-05-23 — Page 23

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4

CHINA UNDERWRITERS

REDUCED PROFIT LAST YEAR REPORTED

POOR BUSINESS

HONGKONG

INDIAN GUARD'S

MURDER

POLICE THEORY

OF CRIME

Although the search for the INssailants has not relaxed, no new development has occurred in connexion with the murder of Mohamed Din, a Mohammedan special police guard, whose body, with a bullet wound through the head, was yesterday after- noon found by Sergeant Hill and other members of the South Wales Borderers in a nullah be- low Bowen Road.

After leaving $186,899 In re- serve to meet unexpired marine rieka, $74.775 to meet unexpired Fire risks and $70,576 to meet unexpired accident riska, China Underwriters, tel.. at their annual meeting held this morning reported a balance to the debit of the Profit and Loss Account

Murder wantonly committed for of $12.701 as compared with the exprean purpose of securing 363,121 at the end of last year. possession of the Indian's service Mr. A. L. Shields presided, and revolver. Is the theory held by there were also present Menars.polles Investigators, and for con Li Tse-fong, Carlos Augusto da firmation they point to the post- Roza, P. V. Botelho, Afok Ching-tion of the wound, which shows kang (directors), Mr. H; R. Sturt that the victim had been shot from (managing director), and Messrs. behind, and to the fact that six Wong Chung-ho. Tze Taun-yne, spare rounds of 3 munition I. W. Shewn, B. J. M. de which the man carried in a pouch missing Freiredo, J. F. Wright, nr..attached to his belt, were Chan Nal-pan, J. Coulthart, II. in addition to the loaded revolver. Dreyer and Wong So share- holders).

A spent 38 bullel was found in the mullah, after a search prompt- feil by the discovery that the 4 bullet fred had passed completely

through the victim's head.

The lanyard of the revolver

LAWN. BOWLS

THE HONGKONG · TELEGRAPH.

WEDNESDAY,

Some of the strike pickets in parts of the United States have armed themselves with rifles in their determination to fight for their "rights," more serious Industrial unrest throughout the country is assuming

Repost daily.

ROOSEVELT SILVER

SCHEME

¡Continued from Paye 1.)

manipulating the metallic content af a currency unit. The rise in the American Internal commodity

more probably the re- sult of the lavish Government expenditure of credit and money during that period-lenter.

THE

MAY 23, 1934.

THIS MORNING'S

WEDDINGS

Two Very Pretty

Ceremonies

Her mother's wedding well was worn by this morning's bride, Miss

Capell, Phyllis May

youngest daughter of Mrs. N. Capell and the late Mr. J. It, Capell, whose marriage to Mr. Ardon Osmond Hyland, elder son of Mr. and Mrs. A. H. Hyland of Cranbrook, Kent, was celebrated in the Kowloon Union Church. The Rev. Frank Short officiated, while appropriate music was rendered on the organ by Mrs. Short,

LONG FIRM FRAUD CHARGES

LIZARRAGA'S QUESTIONS

CLOSING OF BANK

ACCOUNT

A suggestion that the Franco- Chinoise bank should not have closed the account of the Stan dard Products Company with

11

CANCER FUND DRIVE

STREET FLOWER SALE SUCCESS

$3,750 REALISED

Over $3,750 resulted from the street collection this morning in aid of the British Empire Cancer Research Fund.

The collection was organised by H. E. the Governor, Sir William Peel, assisted by Lady Peal and supported by Mesdames. H. Owen

Was

An Ivory silk lace gown moukled | out notifying the Company, was flughes, WV, B.. A. Moore, E. to made by gn the bride, an unique feature of the at the resumed hearing of the Wou, serving as ennimittee. Tho case at the Hongkong and Shanghai Bank gown being a long train from the long firm fraud

and the Hon. Sir William Shen- shoulders caught at the wrists Criminal Sessions.

Accused are Jose Lizarraga | ton were the freasurers. with tiny pearls. Her only or-

On the maluland Mrs. A. W. ment was a pearl brooch a gift (5), of Manila, Wong San-mo from her mother. The bridal vell (29). of Shanghai, and Nicholas Ingram

in charge of the was of embroidered silk tulle held Levitsky, alias Mecan, afian Levin, collection. in place by a cap of orange blos ulins Macon, alios lemon, a Rus From an early lur the coller- tars were on the streets with their som. She carried a bouquet of slan, (34). VIOLATION arum lea.

The basis of the charges is an emblems and there was a rendy An unusual but attractive colour conspiracy to defraud persona by reaponse from the public to their OF

scheme was chosen by the five pretending that they were carry-appeal.

ing on a genuine business known

THE COLLECTORS. bridesmaids, the Misses Dollie and

Products Company. Standard as There are twelve other charges of island wore Miss Holan Yu, Mrg. Among the collectors on the COVENANT Vloist Capell (nisters of the bride)

Marguerito Dawson, Marjorie obtaining credit and goods by White and Gertrude Engel (cousin fraud and money by false

Zimmern, Miss Taylor, Miss Aina- worth, Miss Dowbiggin, Mies of the bride). The chief bridon- tences.. maid wore saxe-blue and silver

Bishop, Mrs. Evans, Miss N. Fun To gave brief evidence as gown and was followed by two to the delivery of a scale and Oliver, Mrs, Sanger, Miss Owen bridesmaids In rose colour and anfe to the Company.

Hughes, Miss Shenton, Miss CALLED TO ORDER two in lemon. The dresses were

Stevenson, MIFRCH Fair (2). William Hastings Adler spoke Misses Chak (2), the Young Wo i carried out in frilled organdio and to the sale of Ovaltine to Nurses, Miss Josephine Wong, and

they wore floral hales of silverLevitsky.

nurses from the followings nursing leaves and tiny flowers. They Raymond Angus Jardine, usats divisions in the Colony-Florence OF carried flowers in toning colours. tant cabler of the Hongkong and

The bride's mother was elegant Shanghai Bank, Hongkong, gave King's College, Muf Fong, Man Nightingale, Central, Y.M.C.A., ly gowned in cinnamon lace with hat evidence of two cheques drawn Suen. Girls from St. Stephen's lo match and carried a bouquet of by the Acensed firm. nay College also collected. African daleles.

CHAIRMAN'S SPEECH. Moving the adoption of the report and accounts Mr. A. L.} Shields wald:We have now the appears to have been cut near the prices in the past year, says The SALVADOR MAY BE

our end of which the weapon was Times, is pleasure to lay before you report and the accounts for the secured. year ending December 31, 1931, find as these have been in your hands for the required period 1 will, with your consent, take them as read.

Before

commenting on thear accounts I am sure you will wish me to express your regret, at the death of Mr. Robert Gordon Shewan who was Chairman first of the Consulting Committee and afterwards of the Board of Direc-1 tors from the commencement of the Company until his retirement through ill health last year,

K.B.G.C. TEAMS FOR

SATURDAY

the Civil

The following will represent the Kowloon Dowling Green Club in their league matches" against Service Cricket Club on Saturday.

First Team at Kowloon; J. S. Logan, P. F. Farvel, R. Hall, W. 3. Drake (Skin).

R. Duncan, S. Randle, V. Petherick, W. Maefurinne (Skip).

J. Watson, A. S. Russell, J. Building, L. Guy (Sklp).

Second Teum at CS.CC...

J. Macdonald, C. D. Hosking, H. F. stoneham, H. H. Rose (Skip),

to

Premium income. however, shows a small increase, and the Reserve should be ample to take up claims ander unexpired risics. Marine Insurance Premiums

PRESIDENT'S

AIM

Finance Journal's Belief

UNSUITABLE,

RECOGNITION

MANCHUKUO

Genova, May 22, Although Salvador ranks of no real importance in world politics, the announcement that the Salva dor Government has decided to recognise Monchukuo may have serious repercussions.

Assembly

The bride was given away by her brother Mr. R. S. Carell while the duties of best man were under- taken by Mr. Jock Lawson.

Europe.

The bride's going-away dress was of white peau d'Ange with beret of floral woven straw and accessories to match. "Eunice” was responsible for the gower of the brice, the bridesmaids and the bride's mother.

RASMUSSEN-MAY,

an

ment of which were refused.

pre-

Emblems were sold at Taikoo

Lei Kon-yau, coolie, and a shroff employed by Reis, Massey Dock by Mr. K. E. Greig and at

the Kowloon Docks by Mrs. E. Cock.

Mrg.

Have formal evidence.

Joseph hippe Tavares, cashier of Iteiss, Mansey and Co., said he

Street collectors in Kowloon recived a cheque from accused's were:-Mrs, A. Rend. Miss B. firm for $123. It was post-dated Blumenthal, Miss D. Witchell, Mias and when presented for payment. Witchell, Mrs. Owens, Mrs. J. Payment was refused.

Mrs. D. Allen. Mrs. N. REFRIGERATOR BOUGHT, Barber, Mrs. S. D. Begg, Miss T. Dennis Latimer, electrical engi-Dennie, Miss E. Boyer, Mrs. E. C. same firm. said Harris, Mrs. Wheeler, Mrs. E. V. Lizarraga agreed to buy a re-Walker, Mrs. L. Chapman, Misa K. frigerator and pay for it on

in-Ingram, Miss J. Syrik, Mles P.. Cresswell, Mias J. Fraser, Miss J. Miss E. Rousseau, Miss J.

on February 10, when it fell due, Green, Mra. E Woods

W. Molyneux, Mrs. Meloy,

neer of the

atalment.

Lizarraga:Did you deliver it? man, Miss L. Hickey.

Witness:-Yea.

Did

you get delivery order sign- ed?--No, I don't think there was anybody there.

London, May 23. President Roosevelt's aim is to indure other nations to join the United States in parallel measures,

The Peninsula Hotel was chosen declares the Financial Times in a

for the reception and, after the You will doubt also share

eating article on the silver plan.

Salvador is a member of the usual toasts and good wishes, the the Directors' regret at the loss

The President, says the journal. League of Nations and there in happy couple departed on their of Mr. Allan Cameron's valuable

has both raised the wide issue of talk of expulsion, though exhoneymoon which is to be spent at services on the Board owing to

international co-operation and pre-treme action is not considered Fauling and later travelling in hia retirement from the Colbay,

pared a way of retreat for himself, probable. Mr. Cameron 3508 4411 original

The article proceedi to pour member of the Consulting Com- G. J. Chambers, E. V. Scarte, M. J. Leold water on

The news that Salvador has re- the proposals for

not that Henderson, J. G. Meyer (Skip), mittee and has served in

only International co-operation, recall cognised Manchukuo capacity or as a Director since C. L. Farmer, P. D. O'Connell, Jing that the Preparatory Commis-marks the first breach of the united

G. Charlton, G. E. F. Thompson *the inception of the Company.

sion of Experts which met before front of the nations of the world In the accounts Rupees and Skip).

the World Economic Conference, to Manchukuo, but also raises the Straits dollars have been convert-

pointed out that a bimetallle stand-question of how far it affects the ed to Sterling throughout at the

and, which pre-sapposes a fixed re-fundamentals of the League of parities. Silver enrrencies have

lation between the value of gold Nations itself. been converted to Hongkong

and silver must be regarded na im- SALVADOR'S POSITION. practicable. dollars and other currencies to

A long tulle veil depending in said he installed the refrigerator. Kwan Cheuk, electrical fitter,

Sterling at the current monthly

When the Lengue in special novel manner from orange blos There were only carpenters in the rates for revenue purposes and at

11, 1932, Hona on the shoulders of her gown, premises at the time. March on the market rates on December 21.show a decrease from Inst year's

On that assumption, silver is un-passed the resolution in regard to with a smaller vell falling from a

Richard V. Dodd, employed by 1933 for balance sheet purposes. figure, and the Reserve at $180,0

suitable for extensive inclusion in the non-recognition of Manchukuo, wreath of orange blossoms on her

same firm, sale slightly less than last year's the metallic

Bald Lizarraga For the purpose of showing the

of central only one power. Siam, definitely head. distinguished the ensemble the reserves

delivery order for type reduc

chasen accounts in Hongkong dollars the figure of $103,560. This

[abstained from voting. banks, Sterling figures arrived at as

tion in reserve is partly due to

for her marriage this morning to Finally, the experts were of opin- |

Cross-examined, he agreed that Salvador which attended all Mr. B. R. Rasmussen. The Tao above have been converted at the the rate at which the Gold por-ion that from the point. of rate of Hongkong $1-1/5 d.

tion of the reserve has been con-view of commercial relations with meetings did not vote and did not Fong Shan Chapel in the Bishop's he mentioned Levitsky's name to

for the

Reiss, Massey & Company, announce her intention to abstain. House was chosen serted and partly to the transfer China, tende interests would best Langue Jurists hold, therefore, mony, which was performell by the the Mecantile Bank, gave formal cere- A. C. Donn, sub-accountant of of the equivalent of £1,000 from be served not by a rise in the price Salvador must be deemed to Rev. Dr. Karl Ludwig Reichelt. this account to the credit of Proof silver as such hut by a rise in have adhered to the resolution

testimony relating to cheques. The difference between

The bride, who was given away it and Loss, After this transfer the general level of commodity xchange used last year 1/3d. and

Consequently, the question arises the ratio of reserve to Premium that used on the present, occasion

prices. These conclusions give 1/54. has the effect of decreas-1426 last year.

Income stands at 1824 as against little room for hope that any inter- the Covenant of the League and as to how far Salvador has violated

ing all the revenue items on both

national plan sponsored by Pre- The business on the books is ofsident Roosevelt

exposed herself to censure under sides of the account in respect satisfactory class and the arengat Reuter.

succeed.

Article XVI, which could un- of the Sterling portion of each

which was discontinued a few

doubtedly tend to her expulsion item.

from the League. The exchange adjustments 4 years ago and in respect of which were set up has applied to the funds brought for heavy reserves

run off on a more satisfactory ward at the beginning of the year

basis than was expected, shown in the published accounts in the various depart. ments and speak for themselves.

The depression referred to in the Chairman's remarks inst year

are

EXCHANGE EFFECTS:

the

has in the main continued during the period under review although there is some evidence of im- proved conditions in the Straits and Ceylon. On the other hand conditions in Hongkong have been extremely unfavourable.

ACCIDENT PREMIUMS.

con

COMPLICATED SITUATION.

1

by Miss Norma Louise May signed

writer from his firm.

C.

Helpers in the Depot Office were. Mrs. A. White, Mrs. W. Cole, Mrs. N. Donald, Mrs. Cleasby Taylor, Kowloon). Mrs. A. W. Ingram (Convenor for

Cars were loaned byti Mrs. A. S. Fraser and Mr. D. K. Paul.

CHINA FINANCIAL CONFERENCE -

-SUB-COMMITTEES FORMED

Nanking, May 23. ference began work in committees The National Financial Con-

yesterday afternoon.

FLAT RENTED.. by her father, Mr. G. W. May, wore white satin with gracefully draped he was the owner of 45, Hankow a classically simple gown of heavy

Homusjee Ruttonjce stated that bodice and alueves. She carried a

Rond. The third defendant, call- Pheaf of Calin lies.

The agenda Includes methods Eau-de-nil crepe with accordianing himself Norman Lemon, said

aiming at Improvement of the EFFECT ON MARKETS.

pleated puff sleeves and high drape wanted to take over a flat and e neckline, finished with narrow He then said that he would pay on signed an agreement to that effect.

business tax system and also steps New York, May 22.

designed to secure equal treat- nerordian pleated-frills, was worn The Wall Street Jourad, report-

It is considered doubtful whether by Mrs. Thelmu Hitmeyer, the his return from Canton and gave

the name of the Standard Products ment of Chinese and foreign

traders ing on the stock markets, says the co considered doubtful whether bride's sister, as maid of honour. Compong as his guarantors. No businemine goreign tried the An "Alice in Wonderland" hair- The market declined sharply due to especially at the present time wheuland made of Rics of the valley payment was in fact made.

business tax imposed in various Messuge which dis- Accident Premiums show a re-appointed speculators 9

they have no official intimation oflent a novel charm to her ensemble, witness could not remember whe Cross-examined by Lizarraga,

ports by.

Chinese Municipal It sut duction from last year's gare no time-limit for monetization and

Salvador's decision,

She carried a sheat of yellow and ther he rented the same flat to authorities.-Central Newas

gladioli.

Lizarraga in 1929. and partly to the falling off in missive, wherens traders had

The bride's mother chose a smart

Sui Kwong-chau of Wang Bros. mittee when business due to trade conditions. hoped for definite mandatory ac

a very complicated navy blue gown of flowered silk,

typewriter to de- | February 12. he took a The Claim rate has been very tian.

and very

serious situation may trimmed with pleated taffeta and renda

We never received it-1 sent a fendants office at Lizarraga's re- develop, especially as the Salvador clefactory and after allowing

wore a lace straw hat to tone. She quest hut they had not paid for it. boy round the next day to confli highly decision might help to circumvent chose a bouquet of African daisica for un exchange loss of $5,428 the Street operators were

In reply to first accused he that it had been received by a reserve is increased from $72,913 pleased at the message's revelation he embargo on opium import

Mr. C. Arthur Higgins acted as agreed that no mention of a cash European typist there, to $79.576.

that efforts were underway toward licences which has been established Lest nian.

Bale was actually made but he international stabilization of cur- far as Manchukuo is concerned,

After the ceremony, a reception thought it was

was understood. was held at St. John's Cathedral rencies.

the silver

partly attributable to exchange the provisions were merely per before the China Advisory

The matter may, however, come white

There has been no considerable change in the balance sheet and the values of the securities in the balance sheet stand at a lower figure than their market prices at the date of the Account.

Life Premiums at $573,819 show

The debit balance to Proft and a decrease as compared with last | yeur's figure. " This degrense is at which stood at $65.121 Jast almost entirely due to the rate at year has been reduced to $12,700, which Gold currency Agures are converted. The actual income is only slightly less than last year.

Claints at $93,525 are less than half those shown in last year's this In arriving at figure we have deducted the Reserve set up for a claim refer- red to in last year's Account but which has since proved not to be payable.

account.

When that

The

Conservative Wall mwre

-Renter.

Com-

SEVERAL TRANSFERS.

NOTIFIED

'

During the absence on leave of Perdue, Director nf Mr. C. G. Criminal Intelligence, Mr. L. H. V. Booth, A. D. C. I. (Special Branch) will act as D.C.I., while

Yuen Hing and Chung Him also

OTHER PURCHASES.

An amdavit of H. B. Willamson,'

Hall and later, the happy couple gave evidence on the typewriter. of Messrs. Butterfield & Swire was

loft for their honeymoon which is

George Neron, cashler of the read, and Chan Lol-hing, office to be spent in Europe.

Franco-Chinoise Bank, gave evid-clerk, Thomas Yung, clerk, Lel Ng Coxswain, Hong Chut-ming, For her going-away dress, the ence that accused opened an ac bride chose flecked white silk crepe count in the name of the Standard shroff, of the same firm gave evid- trimmed with faggotting and wore Product Company with $250 and ence relating to the sale of sugar In hat to match.

to accused. also gave two other cheques for

F. H. Carvalho, of Anderson & collection at Peking. Acting Meyer, related the transaction of polico instructions, the bank cabled to Peking and ascertained six cartons of palatol to the Com- on February 17 that the cheques pany and Li Cha-pat and Lau Sui- had been dishonoured. He stop-o, foki and shroff respectively, in February when cheques were & coming in with only $31 to meet with, testified as to a general.

FOOD CONTROL

DR. LI SHU-FAN SPEAKS OUT

ped the Company's account early corroborath, partner of Lubrin

them..

NO OBLIGATION.

J. S.

A return to a definite monetary standard will not involve inflation, for which reason inflations traders POLICE CHANGES dumped holdings, especially sli vor Issues, which, however, rallied from tha lows before the close.

Curbs were downward. Bonds In conclusftun I should like to Were irregularly dull. Grains place on record our appreciation were downward on the silver mus- of the co-operation of the branch sage offseting bullish crop re managers, secretarles and staff, ports-Per Swan, Culbertson and and I have now the pleasure to Fritz. There is a gratifying reduction propose the adoption of the report SPECULATORS DISPLEASED. In the Surrender Values paid and accounts for the year ending:

December 31, 1933. which had previously attained a

Messrs Swan. Culbertson and Mr. W. R. Scott will act n

conversation he had with has been seconded I shall be Pritz's New York office reports A. D. C. I. (Special Branch). very high figure.

Lizarraga in which he got the im pleased to answer any questions on silver us follows:--Silver de- As from May 28 the following "I wish to emphasise the fact

pression that the accused had the EXPENSES DECREASE. which shareholders may wish to clined after publication of the transfer jetor colloth from Wun-nuthorities for the sale of food, the account without advising the in starting a big business. He

will become

that the multipicity of licensing Lizarenga: Why did you stop support of a number of local firma Expenses in the Life Assurance ask.

President's message. Speculators

him five cases of butter, re- Department show a small decrease Mr. H. J. M. de Figueiredo were apparently disappointed be-chal, and Sergeant Barnicle from as now exists, is not in the Inter-Company?

Yaumati to

There is no oblign-solving a post-dated cheque the Special Branch est of Public Health. The ab the report and cause of the failure of the pro- but this decrease in mainly due seconded and

sence of unified control by a res-tion to advise.

was never met. Later he poaed legislation to be of an in- (Registration of Allena).

Inspector M. Murphy

the flationary character,

from ponsible authority such as

How did you know whether the what appeared to be the C. I, D. (Central) to Wanchai. Sanitary Board is fraught with Company was genuine or not? butter at the offices of the Sui

Inspector J. Murphy from the danger, particularly, in timen of You were going to be responsible Tal Firm, 1 Messrs. Mok Ching-kong and

wkiemprend

Buch epidemics,

ns for that yourself1-We have no Cross-examined by Lizarraga - Amal Increase at $189,082. AC. A. da, Rozu

The Hongkong dollar opened ut S. C. A. to C. I. D. were re-elected

Inspector K. W. Andrey from cholera,

typhfad, etc."

"Thus obligation to keep open an account, he agreed that the advertisement reduction in this fund would have directors on the motion of Mr. 18. 6d. this morning, being un-

Broke

LI Shu-fan

There is a certain obligation, if in the South China Morning Post been shown owing to the conver-Chun Nui-pan, seconded by Mr. market tocally is slightly easier

yesterday. The Kowloon City to the S. C. A, changed from

the Sub-Inspector Post from Sham- proposing

Adoption of not in your opinion In the opinion dia not nak for products, but said sion of the Gold portion of the Coulthart.

to Kowloon City as

is motion seeking to establish the of the banking world. Was not such an advertisement was an in- between banks than it was yenter-shuipo Fund at the new rate but this has

Messrs.

Lowe, Bligham and

Sanitary Board as the sole licen- the proper thing to do when vitation to any businoma. man to clay. been made good by a transfer Matthews, chartered "necountants from the exchange fluctuation and Messrs. Percy Smith, Selh

Chinese peculators locally are

Two confused Bomewhat

the have already taken place: Sergeant restaurants, eating stalls, stails to mark the cheques "refer to account.

Fleming. Fire Insurance Pre-and

Incorporated Roosevell mesenge,

being unable Allen from Central to Yannati, for the onlo of cooked food, pre-drawer?"-I could not do that evidence that no applications for mlums show a decrease from last accountants were re-elected an to decide whether it is bullish or Sergeant Poyntz from Yaumat! to mises for the sale of cooked meat when the cheques were post-dated. wine or foreign liquor selling Hi- year's figure and the Reservo huditors at a fee of $1.250 each otherwise.

Shamshulpo and Sergeant Ken- and ment hawkers, at yesterday's Did you send us a letter notify-conces had been made through hows a reduction from $89,399 on the motion of Mr. II. Dreyer,

Ing us of the close of our ac- their department. Silver receded 1/8th in New nedy from Shamshulpo to Mong-meeting of the Sanitary Board.

count? I sent a Jetter koktaul,

The motion was adopted.

The bearing is proceeding.

to the rate at which Gold cur-accounés were adopted, rency expenses have been con-

verted. It will be seen that the

Life Assurance Fund shows

OTHER, BUSINES9.

H.K, DOLLAR UNAFFECTED.

to $74,774. The ratio of Reserve seconded by Mr. Wong Chung-ho, York to 104.

over

Divisional Inspector.

Dr.

which

Baw same

The Tollowing C. I. D. transfers aine authority in the Colony for there was Jasumcient money to pay, make enqrnment clerks gave

on