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Colonial Cases

Parlani v. Hsu zao-sun, 1920

[bank failure]

Parlani v. Hsu zao-sun

Mixed Court, Shanghai
1920
Source: The Canton Times, 26 January 1920

 

Seal Home Of Banker Defending $70,000 Suit.

GENERAL HSU ZAO-ZUN TO BE BROUGHT IN COURT ON WARRANT.

PEKING OFFICIAL IS HELD BLAMELESS FOR FAILURE IN SHANGHAI.

Shanghai, Jan. 16. - Orders to seal the palatial home on Great Western Road of General Hsu zao-sun, former governor of Nanking province, were issued by Italian Assessor Ros and Magistrate Loh in connection with the suit for the redemption of $70,000 in bank-notes of the Shanghai branch of the Bank of Territorial Development says the CHINA PRESS.

   MR. F. Parlani brought the action against Liu Su-ching, an official of the Peking bank of the concern, when Mr. Liu came to Shanghai last March to investigate the failure of the local institution.

    LIU IN PEKING.

   When the matter came into the Mixed Court, Mr. G. D.  Musso appeared for the defendant, who, he explained, was in Peking.  He maintained that it a remand were not granted it was the duty of the prosecution to make its case and there followed evidence tending to indicate the association of Mr. Liu with the Shanghai branch of the banking corporation.

   Mr. Musso contended that in spite of Mr. Liu's connection with the Peking bank nothing had been introduced to show that he was associated with the Shanghai branch.

   Then it was shown that the bank-notes, the redemption of which was demanded, were signed by General Hsu.  The court ordered the case against Mr. Liu dismissed and warrants to issue against General Hsu and sealing orders for his house.

   The decision, as handed down by Magistrate Loh, reads:

TEXT OF DECISION.

Plaintiff has been unable to give satisfactory proof establishing responsibility on the part of the Defendant Liu Su-ching or connecting him in any form with the previous management of the Bank of Territorial Development; and though there is no doubt that the action of the said bank in delaying settlement of outstanding claims, while doing business in several other branches, is disgraceful, this case is to be dismissed.

   The matter will be reported to the Italian Authorities for such action as may be necessary for representation to the proper quarters and it will be probably necessary to recommend prohibition for some Native banks from issuing Bank notes in the settlement unless a proper and satisfactory security is given.

   If Plaintiff will furnish a list of the responsible shareholders of the Bank of Territorial Development, the Court will issue warrants or such other process as may be necessary to secure their attendance.

   Warrant to issue for Hsu Zao-sun and sealing order for his house.

[See also 'General News,' 26 Jan.]

Published by Centre for Comparative Law, History and Governance at Macquarie Law School