Liang, lawyer representing the credi-for. "The Judge asked for plaintiff, who failed to appear, and further asked what authority plaintiff had {for representing the creditors of the thank, and ordered course) to. pro-ower of attorney to be signed ich individual creditor within two days, Huang (for the liquidator) produced a balance sheet of the bank certified by a chartered accountant, Mr. Wong Tse-kong, showing that} assets more than offset liabilities. Books were also produced verifying) the statement.
Questions of jurisdiction were raised by Dr. Huang, firstly, because the bank was incorporated under British laws in Hongkong, and registration with the Ministry of Industries was only as a branch office of a foreign corporation: Jsecondiy, according to the bankruptcy flaws, marder that the local Court may' take jurisdiction, the principal once of the bank must be in Shang-
'The Judge asked Mr, Lu, the! liquidator, if he had been appointed the Ministry of Finance, to which Jquestion an affirmative answer wat fiven, the order of the Ministry Doing' shown.
The Court asked plaintiffs lawyer why, since the Ministry of Finance had already appointed a liquidator fat the request of petitioning ereditors, he should asi the Court to appoint another?
Counsel said he had made a mis take and asked to amend his petition. "He also admitted that he had not obtained authority from his Jclient to substantiate his representation.
Answering the Judge's question, Mr. Lu said that he was also appointed together with Messrs. Ma Wai-but and Ma An-tu by the liquidators in Hongkong as their representatives here, and that the }Hongkong liquidators were appointed by the shareholders and creditors of the bank at a meeting in Hongkong fon. September 28.
'As the bank went into voluntary' liquidation, Dr. Huang pointed out that the shareholders were entitled to appoint their own nominees as
Text read from the printed page and cleaned; old type leaves the occasional error.