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+
for "some relaxation in the method of treating the alien firms
by allowing them to continue to trade, under supervision."
In quoting these views, we would venture respect-
fully to submit to Your Excellency's consideration whether
some means cannot be found to allow the alien firms to execute
(under liquidator's supervision) such new orders as their
Chinese customers may desire to entrust to them; provided that
all monies received be paid into certain approved banks to
meet the firm's obligations to the British manufacturers and
the current expenses of the business. This considerable ex-
penditure, being incurred in Hongkong, would benefit the Colony. Any surplus, (if any, only a negligible one in the
circumstances), would of course remain on deposit at the
respective bank or banks until released by Your Excellency's
Government.
In respectfully submitting these suggestions to
Your Excellency's kind consideration, we beg to be permitted
to add the opinion that, if the intending native buyer is pre-
vented from placing a new order with the alien firm that has
The hitherto supplied him, the effect will probably be this:
native buyer, who in most cases is bound to supply to his up-
country cfstomer goods bearing certain "chops" which are the
proprietary trademarks of the alien firm, will either have to
lose the order or find means for those goods to be sold to him
by the alien firm from a neutral place, say from Canton.
In both events, this would be a distinct loss to
Hongkong's trade and may permanently divert a good deal of it
to other ports. Your Excellency, being so intimately ac-
quainted with the idiosyncrasies of Chinese trade, is of course aware of the great importance of old established "chops'