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54
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it would be another matter if the Imperial Government had
thorised the sequestration of aliens' trademarks, but our
havets have frowned on the idea and have refused applications
then made.
Manufacturers and merchants on this side fur-
:hermore ask themselves: whether British banks will undertake to
inance the same volume of business if done by fewer firms in
langkong. It appears to be the banker's maxim to spread his
shligations over as many clients as possible and not to grant
ndividual firms more than a fixed amount of credit.
redit to British firms in Hongkong would however have to be
ert greatly increased if, in addition to their present trade,
hey were to take over the large amount of Textile business
hich has hitherto been done by alien firms,
Such
Seeing that more than half of that trade in Hong-
ong has been in alien handa and that to divert it all into
ritish channels is no easy matter, British trade in Cottons to
ongkong is likely to suffer severely.
In view of the importance to our manáfacturers
nd ourselves of securing a continuance of trade, we have ven-
ared on a somewhat lengthy indication of the position, trusting hat Your Excellency will give the matter your favourable con-
ideration.
We had thought of telegraphing, but it would
ave been difficult to state the case fully in the restricted
anguage of a cable message,
We have the honour to be
Your Excellency's
obedient humble servants,
for Sanders, Rehders & Co., Ltd.,
Sɑ. J. V. Sanders,
Managing Director.