洪山柄
民國十一年壬戍正月廿四 (February 20, 1922)
LEGACY VANISHES IN A YEAR.
Malaya Tribune, 19 November 1931, Page 7
How a sum of $20,000 was “run through" in a year was related, and allegations against a brother were made,at the Bankruptcy Court yesterday, before Mr. Justice Sproule, by a Straits-born Chinese, named Ang Boon Kuan in his public examination. The bankrupt said that he was employed by Neon Lights on a salary of $75 per meseum. He received no commission or allowance and had a wife and two children to support. His father died ten years ago leaving a will under which bankrupt was left a property, 53, Church Street, and a quarter share in the residue of the estate. The house was conveyed to him when he came of age.
In 1928, said the bankrupt, he mortgaged the prcperty for $20,000 with a Chetty and in 1930 he raised a further $2,000 on the same property. The mortgagees sold the propertylast year rsalising $14,000, leaving a balance ofapproximately $8,000 due to the two mortgagees,and those two mortgagees were his only credi-tcrs.
"Apart from this house I received no cashat all because my eldest brother held theresiduary estate," said the bankrupt.
Mr. Tudor (Assistant Official Assignee): Your eldest brother says that there is nothing more for you?-That is not true.
You say there is something more to come?- Yes
Continuing, bankrupt said that the name of his eldest brother was Ang Kim Hock. Bank-rupt also had a half share in a chop at 42.Philip Street.
“I agreed to assign my half share in this chop," said the bankrupt, “to my eldest brother because I could not get the money from him.He was always trying to bully me. He gave me no consideration in return for my half share. My half share is worth about $18,000.
Mr.Tudor: And you allowed your brother to do you out of $18.000 because he was bullying you?-Yes. I was afraid of my brother.
What did you think he might do if you did not assign your share?-I thought he will hurt me.
Has he ever hurt you?-He speaks bad words.
Has this brother ever given you any excuse for wanting to do you out of this share?-He said that I had overdrawn the money repre-senting my share. That is not true. When I worked in the firm I drew a salary of $40 I drew this salary for two years.
What your brother said was that you had overdrawn your share and that you must assign the business to him?-Yes.
Did you take any action against your brother,as trustee of the estate,for an account?-Yes.I took a case through Messrs. Chan and Eber but my brother refused to give an account.
Why did you not sue him?-My mother stopped it, because we were brothers.
Continuing, the bankrupt said he used the$20.000 he got from the Chetty to support his mother, brother and sister. His mother was entitled to a two-third share in the residuary estate but she could not get any money from his eldest brother. He (bankrupt>a'so started-a business in canned milk, the two handsbrand milk. He did not put any part of the$20,000 into the business. He got the agencyfor the milk, his father-in-law Standing security.
The bankrupt admitted having stated in an affidavit sworn to by him on May 14, that he put the $20 000 into the milk business. Heexplained that the $20,000 was held by hisfather-in-law who stood security for his busl-ness. He took money from the business to support his mother, brother and sister. His business was closed in 1929 and by that timehe had lost the whole of his $20,000. He re-ceived the $20,000 in 1928 and in 1929 he hadlost it all. He lost money in the businessbecause most of his customers ran away and he had a number of book debts.
Mr. Tudor: Why have you not told the Official Assignee about these book debts?-Some of them are in Dutch territory.
But we might be able to to them. Have
you kept any books?-Yes. I can bring them.His lordship: Most of these debts might be-statute barred.
Mr. Tudor: That is so, my lord, but we might be able to collect them if they don't plead it.
The examination was postponed, the bankrupt being asked to bring his books.
OLD FRIENDS OPPOSED IN LAW SUIT.
The Singapore Free Press and Mercantile Advertiser (1884-1942), 21 March 1930, Page 7
DOMESTIC OCCURRENCES DEATH
Sunday Tribune (Singapore), 22 December 1935, Page 17
437 Race Course Road
Wife Lim Kim Geok
Sons
Ang Cheng Chwee
Ang Cheng Chuan
Daughters
Ang Phoo Geong
Ang Guat Koon
Ang Bong Chee
Page 2 Advertisements Column 3
Malaya Tribune, 4 October 1937, Page 2
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