A petition by the Office Appli ance Ca, Ltd, 74 Nanking Road, in H. M. Supreme Court on Fridi for a reduction of the company capital of Tls. 800,000, divided into 000 shares' of Tis.' 10 each, Tis, 680,000, divided into 80,000] shares of Tis, 8.50 each, was granted by Judge P. Grant Jones, Mr, M. Reader Harris, appearing for the petitioners, said that the reason for the reduction was that! the company now bad q large sum in excess of that for sts Normal requirements, amd it was Mr. McDonald suggested that Mr.
Siva, the accountant. rho shareholders at the rate of Tls. 1.0 to return' this to the
hinde up the stockliat, must. have Der share. he total sum to be 7e-Known about the inferior" grades Entned was Tis, 90,000, To this defendant replied that Mr.
Reading the petition, Mr, Reader a Siva wng_am accountant, not 4 far-tenders You are trying to me Feorporated in i030. The register: incorporated in i 4 Sure: my business or my namey> abe td ace was in Shanghai, and the office, shop, and household. applian Company "was" manufacturers yo0, Madame Piper or Mes. Mote Which do you prefer me to cal ces. The capital of the company Son?m-t'don'e care what you cal Say Tis, 800,000, divided into 80,00) Shares of Tis, 10. each. The com:
well," replied Mr, Me-any" had "issued "00,000" shares; "Twill call you Madame 000 were fully paid up, and. were payable by the company; the been paid for in cash. you ever had hard drinks MeDanald, continuing: Have As a result of a special, resolahim (Gilmore) at the Inn?—No.
Did you ever drink at all any hard fand July 12, 1933, It. was resolved tion nade on, Jute Bi 1983, 08 Uguor when you were at the Inn?—that the company's capital be re-PH say 30.
Mr. McDonald then asked her duced te Sen006, divited tate 80,000 shares of. Tis,/880 each. about the out in the plaintiffs salary to which she said he agreed to quite legal?" asked his Lordehip. itn a reslation i tas amicably a few days before the end of April, and asked her if this was. most companys. cap! "Se. ender Barrie submitted ro, why' she had sent him a letter was still in taels. They were wait-of' warning on April 30, telling him ing, he said, for some ordinance or he was not to have the keys to} ruling' on, the matter. at all the the bar, and to be more polite to: companies' capitals were in taels. Most of the companies, however, bin fellow employees.
Madame Piper replied, arried it into dollars at the Chia"
alcohol for you. exe Government's legal rate of 71.5, "iam going to, Hongkong soo your alcohol," said Mr. said his Lordship," I might mention After several other questions, had ihe! Matter tothe Chief Sustice there." been put, his Lordship signified his intention of adjourning the case, After reading affidavits by Mr. P. S. Widdup, the managing direc-but could not fix a definite date, due to a full ealendi 'Should a 1 Mr. 0. G. Copley, atr. Reader Harris "himeelf. and' Miss B. Bjeertain murder trial finish in time.
Coyle, counsel for the petitioners however, he said, he expected to fished his Lordship for confirm continue' next Thursday of the company's resolution, appro-Sal' of the company's. miter Man Who Dared the Angels Siated in the petition, and for. ditjection as to the advertisement of the "You seem to have rushed in Sesolution which was to be inserted where angels fear to tread," id under Sec. 60 (3) of the Hongkong Judge P. Grant Jones in H. M. Supreme Court, on Thursday, to Mr. H. Huddleston, defendant, when the Initer was sued by Kiang Tsu-yue for money paid on two post-dated Jcheques. The defendant admitted stopping payment of two bearer jeheques, which the plaintiff had received after they had passed through several
iff, said Mr. B. F. Fa hands. ison, for the plaint-
cheques, one for $600, the other for }$200, for a Mr. Lo, but, on present ing them at the American Oriental] Bank, he was refused payment, Mr, Huddleston admitted giving the cheques, not to Lo, but to a Mr. "Benny.
Mr. Faison submitted that—the Jcheques were negotiable instru ments, and the defendant had no} right to stop payment.
Mr. W. Lo said that he received the two cheques from Mr. Benny, Jand three other cheques, totalling, in all $1,500. He was told to try and get '$1,300 for them, as Mr. Benny needed the money before! JAugust $1, the date they were pay-fable, He obtained the money from the plaintiff, and handed $1,030 to Mr. Benny, who said he could keep the remainder.
The defendant said that he. Mr, Benny, and Mr. G. Wilson were partners in a poultry farm. On. July 14, Mr, Benny offered io dispose of his share in the partnership or $800, Mr. Huddlesten accordingly giving him the two cheques. Mr. Benny handed them over te Mr. Lo Ordinances, His Lordship confirmed the re: solution and approved of the mini tes, and directed that an advert ment be inserted in the "North-China News" within ten ays,
Text read from the printed page and cleaned; old type leaves the occasional error.