The Archive · 1922

Huge Damages Claimed

Another stock exchange case was heard by Messrs. Tsang and Tanaka jxt the Mixed Court on Tuesday morning when a Chinese, registered as a Japanese protege, sued the Chartered Stock & Produce Ex change and eight men, described as managing directors, for the sums of $156,880 and $1,500 and 320 shares in the Nanyang Bros. Tobachim for mudaring one ¢o Ca.

g-tsang by stabbing him j Plaintiff, by Mr. M. Kato, claims sin the Ewo Cotton Mill, hea have sold 630 shares of the "Yangtszepoo Road, at 8 p.m. change in February and 200 in October 25. The Court made arch through a Chinese broker. order that he be handed over to the At the end of February defendants Military Governor of Shanghai and failed to perform their duties in Sungkiang for trial, with the resettling the transactions for the quest that, if the death sentence 1sj February shares and ceased to do not imposed, ho is to be returned: to the Mixed Court. The accused} attacked an elderly Chinese who had admonished him for paying attentions to his daughter. business, with the result that the March transaction also failed. According to the rules of stock exchanges the exchange is bound to clear up transactions in buying and a broker who had since absconded and had absolutely nothing what-to do with the exchange. Plaintiff, they said, should have taken legal action against the broker and not the exchange, because the whole trouble rested, not with the exchange, but with the broker himself.

Much argument took place be-"tween the various Jawyers which resulted in the Court upholding the contentions of the defence. Full judgement, however, was reserved.

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

Your account