Real Estate Broker in Court misappropriation case and a fraud ease, involving a total of $279,- 000, occupied the session of the First Special District Court on Thursday morning. The accused in one of the cases was a wealthy real estate broker While the other accused was a Danker's son, Both accused were allowed ball at the conclusion of the hearings.
"The history of the misappropriation ease dated back to the beginning of ast year when, it was alleged, Mr. Lu Sau-dong, sub-manager of the Soochow Branch of the Commercial Bank of China, started to convert un-ave fully to his own use banknotes set aside by the Bank's head-ofice in Shanghai for uso at the Bank's Soochow Branch. Up to May, it was alleged, a total of $239,000 had been misappropriated. The misappropria-
Hons, according to the prosecution, actually took place in Shanghai
Tionisin Road, known 3s the Kwel Hsing Real Estate Company, The notes alleged to have been misappropriated were sent from the Banke bead office to Mr. Lu at the Kwel Hsing Real Estate Company and, when the amount was not received at the Soochow Branch. the matter was reported by the head office to the SIN, Police who arrested Mr, Lu's son, Mr. Lu Ping-san, who was convicted and sent to gaol for 18 months last year because he, a3 an Jassisiant manager of the Soochow Branch, was concerned in the case. Mr. Liv himself was not located until Wednesday this week when he surrendered to the police.
Mr. Lu explained yesterday that the amount alleged to have been unawfully converted to his own use re~ presented not the amount of banknotes sent by his Bank's head-effec, but the amount owed to the Bank by the Kwel Hsing Real Estate Company /which had had business relations with the Bank, So there were no misappropriations, the accused said, The Judge, at the conclusion of the hearing, reserved his judgment ti Jnext Tuesday morning and ordered that the accused be -released on $50,000 security. As the accused was tunable to put up such security, the Judge ordered that the accused's three lawyers be held responsible for the Jaceusea's re-appearance before the court next. week.
'The fraud case was brought Jagainst Mr. Zien Chien-zoong, a son lof Mr." Zien Kuen-nan, uw Chinese banker in Shanghai. There were two Jcharges against Mr. Zien Chien-zoong. The first charge was that, on May 22 this year, at House No' 28, Lane No, 424, Avenue Foch, he did jeause Mr. Wong, Ping-tsoong to Aehiver to him $40,000 py issuing line [three worthless title deeds. The Jsecond charge was one of forgery and to the effect that, prior' to May [22 this year, the accused did counter~ felt tive deeds purported to be ap-[pertaining to three pieces of land, two the western district and one in the northern district in the Settlement. Hit was alleged that when the complainant. discovered the three title deeds were false the accused ab-Jaconded and cash toward was offered for his arrest. The police seized from the accused two letters. from the City Government Land Bureau, one mortgage deed, eight feancelled cheques for $5,000 each. drawn on the Shanghai Commercial Savings Bank.
As further investigations were required, the Judge remanded the case next Saturday. The accused was flowed bail in the amount of $40,000.
Police Told to Change Silver The judicial police attached to the lpiret Special District Court were told on Thursday by a judge to change 1,800 liver dollars for the same amount in legal tender. The order was issued when four Chinese, two of whom were clerks, one an accountant, and lone en apprentice, who were detain-led the other day by a police search party because they were found feraveiling in a motor car with $1,500] lin silver and were strongly suspected lot attempted silver smuggling, were lreteased yesterday on the ground of insufficient evidence. When he ordered the men's release, the Judge Jordered, however, that the judicial Jpoliee should accompany the four men [to the nearest Central Bank, or the Bank of China, or the Bank of Comjmunieations, to change the seized siver dollars into legal tender notes Jand to make a report to him after the change had been effected. Only latter the silver had been changed into [legal tender could the accused claim ithe money, the Judge ordered.
Text read from the printed page and cleaned; old type leaves the occasional error.