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parties to whom such payments or remittances are proposed to be made are clearly entitled to receive the same in priority to the other creditors, or that the assets will be sufficient to discharge all the liabilities.

Remuneration on Export Contracts.

Liquidators will be allowed to draw the whole profit on any export contracts carried out by them, as the contribution of that portion of the trade towards their expenses and remuneration.

In case the transaction would result in a loss if carried out, the best plan would be for the liquidators not to carry out the contract, leaving the parties concerned to send in claims if so advised,

If the liquidators in such a case can arrange with the sellers for a commission, they are quite at liberty to do so. The sellers may be willing to come to such an arrangement in some cases in order to avoid being left with the goods on their hands.

Information to be given to Creditors.

For the purpose of answering enquiries by creditors as to the probable result of the winding up, it would be well if liquidators could prepare a short statement shewing roughly the present position of the affairs of the firm which they are wind- ing up. Such a statement could be shewn to bond fide enquirers with an jutimation that its accuracy could not be guaranteed.

Vacating Premises.

It would be advisable for liquidators to inform the Attorney General before vacating any offices or other premises formerly occupied by the alien enemy firm, or any portion of the same.

Return of Cash Balances taken over.

Liquidators are requested to furnish a statement of the cash balances taken over by them at the commencement of the winding up.

I am, &c.,

Colonial Secretary.

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