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Translation of Code Telegram.
From.................... .Governor, Hongkong.
To.
Date....
.Secretary of State.
...29th. May,
1915.
Your telegram 28th. May Jebsen. llo evidence: of Jebsen and Company Hongkong receiving any direct amount of
subsidy stateaided it is however curious that they received twenty per cent commission on the sale of dyes for the Badlische
Fabrik while their business connected with Export and Piecegoods
import seems to have been carried on at a loss. They defrayed expenses out of the twenty per cent. on dyes. It is to be imagined that any direct amount of subsidy would be paid to heed
office in Germany and would not appear as such in the books of the Hongkong Branch.
May.