Nanking, Dee. 28.
The Lith and 15th meetings of the Conference for the reorganization of the Shanghai Provisional Court were held yesterday at 10 a.m, and 4 p.m. respectively.
Discussion centred upon the main' theses in the proposals submitted by the Chinese and foreign delegates.
Penants Who Declined to Quit When Ordered by* Court What considered to be the first clash. between the present, Prov Sional Court regime under the pre-lent, Dr. Hau, and the Nanking authorities has come to light with deadlock being reached by judges} fof the appeal court over an action brought by a "property owner to evict the tenants of bis building iter reasonable notice has hech given.
The story starts in September, 1923 when the Dah Lun Sitk Company, owners of a piece of property fu the no: thwest corner of Nanking Road and Fokien Road leased the wheel on a long term contract to The Great China Company who proposed to erect a 14 storey building Containing a hotel, restaurant, centre, and department The Great Chinn Company imsional Court is that, that night, Miss Cheng went to Nanking and two days Inter came an order from the Judicial Yuan suspending Judges Quo.and Hsiung who had vendered the first judgment against the tenants.
Suspeusion Not Yet Enforced Tt was a difficult matter for the president of the Court, Dr. Hou, and the story is that though the suspension has been received it haa rot yet keen acted upon, Meanwhile the tenants continue to occupy the building and nothing: can Lo done to oust them as no court order can be obtained while the case is on oppos 'The ease has been carefully watch-Jed by the Shanghei Property Owners' Association. and it is intimated, that wey may seck to force the action the court in uphelding the law quoted by the suspended judges when deciding against the tenants, Ghat real estate will gradually ad a rapid rate. He sai tthe: just itself to the higher silver figure fend of every bull market, a coles which the lower exchange rate Inpse comes. Generally a great seems to justify. As for interest, bull market does not last five years, we have during the past year ex: fan the recent one did. However, perienced the wnusi condition of the saturation point had been reach-finding money easy.
Should we nat ed, and all people capable of buy-expect that gradually, over a numing stocks had more than they could ber of years, our interest rates should approach somewhat close S|carry. With offerings daily put en the market, there was no one those which obtain in New York, London and other centres? Evel N, to take them; thus, the supply w greater than could' be taken up." without any change in the amount of rent collected on a given pro-'That heavy selling by European porty, lower interest rates woul: holders of American shares had some influence in starting the force' up the money value of the property, and consequently its price. avalanche was held by this man,
Text read from the printed page and cleaned; old type leaves the occasional error.