Said to Have Demanded Money from Managers Two suspected extortioners, who it is alleged, have been writing letters io managers of Chinese business establishment demanding large sums of money, faced the First Special District Court yesterday but judgment was reserved pending further investigations., They were remandec in custody and hearing was postponed for a week.
They were arrested on Wednesday while they were trying to obtain $10,000 from Mr. Tung Shui-tsung, ihe newly appointed manager of the Wai Yuen Native Bank at 94 Ningpo Toad, who had previously received n extortion lette: was stated.
The accused walked into the police trap and aíter a search conducted by the Central police, two more extort tion letters were found in their pockets, it was further alleged.
One of these two letters was dressed to a fashion dress shop manager of 1128 Bubbling Well Road demanding also $10,000 while another one was to have been sent to Hsu Fu-min who lives in Mohawk Road.
It will be recalled that the late manager of the Ningpo Road institution named Chi Hsiang-ching was recently shot dead by unknown gunmen in his car while going to his office from his French Concession residence in Rue Kraetzer. It was reported by the Chinese press that prior to his death, Chi was working for Nanking in pushing the circulation of the new regime's new bank notes.
The statement of income and expenditure and the balance sheet of thë Sailors' Home Trust prepared by the honorary auditors, Messrs. Lowe, Bingham and Matthews have now been issued for the year ended
Text read from the printed page and cleaned; old type leaves the occasional error.