Judgment was reserved until Sept ember 12 by Judge Yiang Shih in the Shanghai Special District Court on September 11, in the ease the Mercantile Bank of India, through Mr. J, B. Ross, their} manager, sued Ling Pang-kee, former compradore, for Tls. 62,810.24, this sum representing, portion of the—sum Tls. 162,810.24 which was em! led by Tsu Chising, former assistant compradore, or head shraf, Counsel in the case were Messrs. R. F.C, Master and Dao Cha-tsen; for the Mercantile Bank and Mr. Ross, respectively, and Mr, 8. C. Yang, for the defence, Mr, Dao said that defendant had Joined the bank as compradore 15 Years ago and he was responsible} for the staff under him. Mr. Pan Ching-poo, former compradore 'Messrs. Jardine, Matheson & Ca,, was his guarantor. On May 21, this year, Tsu Chi tant compradore, or head shroff, absconded and it was discovered that he had embezzled Tis, 162,810.24, Tsu was Inter arrested and' sent to pri-Bon for four years.
Mr. Pan, as defendant's guavanfor, refunded Tls. 100,000 to the Sank, in addition to Ts. 1,500 and $125, which represented the legal expenses incurred by the bank. Defendant, however, declined to assume responsibility for the remainder of the embezzled money, hence the Present action, For the defence, Mr. Yang pointed out that his client did not pute the sum involved but he al Teged that Mr. Ross had shown preference to Tsu and given him many chances which enabled him to embezzle the money. Cheques were not handed to defendant but to Tsu, who accepted them and issued forged native bank orders in their place. Defendant had not neglected ies and therefore he was not lo, said counsel. On the other hand, it was plaintiff who should assume responsibility for the bank's loss.
As stated, judgment was reserved until September 42,
Text read from the printed page and cleaned; old type leaves the occasional error.