A Chinese insurance clerk, who acted as interpreter during the negotiations, gave evidence that Chalmers engaged the compradore. Chalmers was the principal speaker at the interviews which took place. He told witness about the German-American Ca. and the World's Under writers, mentioning the amount of their capital, and saying their headquarters were at New Jersey and Baltimore. Witness was also engaged by Chalmers, who said he wanted an experienced insurance clerk. Wallace, the compradore and witness went to Ningpo to appoint an agent. Their next trip was to Hangchow, Chalmers accompanying them, and next they went. to Nanking and Hankow. Wallace signed all policies issued up to the time he went to Hankow, Spence signing from that time. The two companies issued 330 policies, covering risks totalling Ps. 453,750 and $45,000, and collected Tis, 1,100.
Questioned by Spence, witness admitted that he (Spence) had nothing to do with the insurance business until the departure of Wallace for Hankow; also that no money was paid to Spence in connexion with the insurance—busi-
The compradore gave evidence that, upon answering the "Sin-wan pao" advertisement, he was invited to call at 1 Peitaiho Lane. At his first call, he saw Spence, who showed him the draft of an ent. Witness took this away to consider it. On the occasion of his next visit, he Saw Spence, Chalmers and a stranger. Terms were arranged after the agreement had been revised and after the suggested deposit of Tls. 3,000 had been reduced to Tls. 1,000. Wit ness paid Chalmers Tls. 230 on the day the agreement was ned, and gave him the balance by cheques for Tia, 250 and Tls. 500, Witness signed on as an insurance compradore, and was informed that the company would act as agents for two new insurance companies which were being formed in America. Witness looked to Chalmers for everything.
The Court then adjourned.
Text read from the printed page and cleaned; old type leaves the occasional error.