Before the Chief Justice (Sir F Piggott) this morning a petition for a receiving order in bankruptcy was made by Wong Fung Skek [sic]. Mr. F. D. Almada appeared for Mr Otto Kong Sing, who represents the debtor, and stated that the liabilities were $9,820.01 and the assets amounted to $5,140, including a cinematograph apparatus valued $2,000, a sum of $2,000 deposited in the Salon Cinema as security for the compradors, stock-in-trade in debtor's own shop, and a debt owing by the Hongkong Government amounting to $750. The official receiver said the furniture at the Cinema Theatre and the deposit were both bad as the theatre was in bankruptcy, and there was no prospect of a dividend. He was also doubtful if there was a debt by the Government of $750.
Cinematograph as an Asset
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