$10,000 Received Here by International Red Cross A ston of $10,000 has just been received: by the Shanghai International Red Cross from the China Emergency Medical Relief Committee in Honolulu. According to the wishes of the donors, $5,000 of this amount Will be allocated for medical relief Shanghai and the other $5,000 in other parts of China.
It.may be recalled here that the china Emergency Medical Relief Committee in Honolulu was recently organized for the purpose of raising funds for medical relief in Chim Greatly touched by the precarious refugee situation in Shanghai and elsewhere, this Committee not long ago sent an appeal to the people of Hawaii, asking for their ce-operation ın "assisting the injured, the starving ana the dying" The appeal gives the assurance that not one cent collected will be used for instruments of war, "every cent going to keep the body and soul together ai the stricken."
The Committee is headed by Dr. Fred K. Lam, with Mr. Hung Wai-ching, Mr. Samuel K. Young Mr. Chun Kow, Mr. Theodore Char and Mr. Paul Loo as secretary, treasurer, assistant treasurer, auditor and accountant respectively.
Among the members of the Honorary Committee are Governor Joseph B. Poindexter, Consul-general K. C. Mui, Bishop Stephen Aiencostre, Mr Riley Allen, Mr. Frank C. Atherton, "Mrs. Mary Dillingham Frear, Mr: Benigna Green, Mr. John A. Hamilton and Mr. C. H. Hemenway.
Dr. Dai Yen-chang is in charge of campaign affairs, Mr. James H. Chun in charge of publicity, Dr. M. F.. Chung in charge of medical affairs, Dr. Archie Chun-ming in charge of projects and Mr, Henry Inn in charge of old clothing.
In his lengthy judgment, Judge Helmick set out the details of various contracts entered into between the two parties. The first contracts, dated May 6, 1936, made the defendant guarantor of loans to plaintiff company, and all property was to be in the sole ownership of Willia Hunt & Ca.; this property included 26 parcels of real property in China and 24 ships, The China Merchants, however, were to "remain in possession as Tenants at Will at rental of $1 Chinese currency per year.'
On the same day, another contract was made between the Bank of Communications, Central Trust of China ud Central Bank of China (the syndicate"), the plaintiffs (the "merchants"), and the defendants (the "company"), whereby the syndicate assigned its rights in the properties s a result of loans to the company ud the company agreed that the merchants would repay existing loans in 20 semi-annual instalments from June 28, 1937, and if the merchants failed, the company would pay these amounts.
Finally, on March 31, 1937, a contract was made between the Central Trust (the "trust"), Bank of China (the "bank"), and the plaintiffs and ihe defendants in connection with ihe consolidating of certain loans mode by the Hongkong & Shanghai Bunk. Negotiations had resulted in an agreement by all concerned that the indebtedness be settled at $10,- 000,000 and that repayment to the Hongkong & Shanghai Bank had been undertaken by the bank and the trust, effecting the release of the security, Similar arrangements with regard to the property as in the cther contracts were arrived at.
Text read from the printed page and cleaned; old type leaves the occasional error.