The Archive · 1922

A $6,000,000 BUSINESS

Gen. Chang Tso-lin

Shanghai People Interested in a Hongkong Failure A. Beaumont, who was arrested in Shanghai' on a warrant charging him with leaving Hongkong with intent to defeat bank-} rupted proceedings brought against. him there, again appeared in the police on Wednesday last, this time before Magistrate Lindsell as Mr. J R. Wood shortly goes to the Summary Court to act as Puisne Judge hile Inv. H. H, J. Gompertz is on leave, Mr. G. G..N. Tinson' informed Magistrate Lindsell that he had been instructed to watch the interests of certain interested parties in Shanghai.

N. Orme, Official Rece! aid that he would require! another week's remand.

Mr. C@. A. S. Russ, for the de. fendant, again ay plied for a reduction in bail. When Beaumont,! was in Shanghai, he said, bail of 500 was allowed and defendant, id not abscond, although he could! easily have got away. The defendant, he continued, was quite prepaved to meet the charges brough gainst him. It was impossible! for his solicitor te prepare the ery "hurry on as fast as you can" or the way may be blocked. At! Cafence if the defendant did not, ave his bbe - The defendant Loyang we heard front a missionary large business in Hongkong who had just returned from the hich in 1919 amounted to $6,000,009! ramp that General Wu Pei-fu was with profits $200,000. The turnover} ug for Paotingfu the next day was much larger in 1920, and the April 18 and that there was likely profits were correspondingly large. to be a clash. Troops were being Then a slump came and defendant moved in the night. lost all he had, and incurring; On the afternoon of the 17th we heavy debts (as frequently ha arrived at Chengchow. A Our intef- pons in. such eases) became insoltions on the way were to wait till vent. Mr. Russ said that- he was the express on Tuesday, on which prepared to lay all his cards on soldiers are not allowed to travel, the table. The defendant went to} but the rushing of troops northward Shanghai to raise money to meet made us fear lest the line to Han- hi: debts, but the banks refused to' kow might be blocked, and the air was electric with the expectation of a speedy clash, so that we decided to go by first train, and on enquiry found that the morning train had not arrived and no information could be ascertained as to what time it might be expected.

Text read from the printed page and cleaned; old type leaves the occasional error.

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