A Test Case at the Mixed Court The subject of premium bonds was discussed at length in the Mixed Court on Friday. afternoon, when a prosecution was undertaken as a test case by the Shanghai Municipal Council. The defendant was Mr. Vu Shu-chen, and proceedings were taken against} him in connexion with the operations of the National Bank Commerce and Savings.
It appeared that ithe Bank maintained a premium bond scheme in connexion with its savings' department, and the police alleged that this was a lottery and was unlawful because not licensed under the "Municipal by-law.
Mr. E. T. Maitland, for the prosecution, and Mr. W. S. Fleming for the defence, argued the matter considerable length. The whole subject of premium bonds operated in Shanghai was fully considered. The defence produced specimen bonds, together with an analysis of the plans of operation of eight or 10 companies engaged ju the sale of premium bonds, including those of the International Savings' Society, and two French companies. a At the conclusion of the evidence and argument, the Court discharged defendant, Mr. A. D. Blackbura (British Assessor) _in giving the decision, stating: The charge of
Text read from the printed page and cleaned; old type leaves the occasional error.