Claim of $2,000 Allowed 'A case in the US. Court for 'China' on Monday, 'Oct. 7, called for the purpose of hearing the report of the receiver of the Eleetrle Service Corporation, was adjourned by Judge Milton J.' Helmick to 2 pin. Wednesday, after the hearing' of certain exceptions and claims. Mr, George F. Richardson, the receiver, said exceptions been fled by the Shanghai Commercial & Savings Bank, represented by Dr. H, C. Mel, and" by Messrs.
Bingham & Matthews, © who not represented in Court, and thought it possible the " Asia Electric Ca, might wish to make an The Shanghai Commercial & Savings Bank obtained judgment against the Electric Service Corporation for '$2286297 on a loan on June 12, 1938, 'Mr. K, M, Wang, acting general manager of the company from March 1, 1035, to April 30, 1994, gave evidence regarding certain, loans and money transactions conducted in the' early part of 1934. On March 20, 1034, he stated, the Hongkong Shanghai Banking Corporation took, over the assets of the corporation.
Mr. H. S. James, a former president the corporation, represented by Mr, N. E, Lurton, gald he was claiming the cum of "$4,700 for unpaid salary, at the rate of $900 a month, for October, November, and December, 1934, and $2,000 for the month I of September the same. year. He was entitled to $3,000 a month, The claim was opposed by Dr. Mel, on the ground that the state of the company's affairs at the time did, not warrant the payment of such a salary to the president, in view the fact that, during the months October to December, he was away in the United States The case was adjourned in orde that Mr. Richardson might into Court particulars regarding buslness transacted during the -months An unsecured claim of $2,000 was allowed Mr. James, by Judge. Milton J, Helmick in the U. 8. Court for China last Wednesday afternoon.
'A claim for unpotd rental on pre~ mises at 118 Nanking Road, leased by the Asia Electric Corp, to the Electric Service Corp., was, by common consent, dropped, and is to be arranged between counsel and the receiver.
Text read from the printed page and cleaned; old type leaves the occasional error.