Dear Anderson,

29th APRIL, 1915.

C

24430

REC REG 27 BAY 15

464

GERMAN COFPETITION.

A remarkable and most significant fact in connection

with German Trade in Hongkong is said to have come out in

connection with the liquidations there by British firms of

E

the German houses.

I say said to have come out, because

what I am about to tell you is merely based upon general

report current in Hongkong.

These reports are, however,

of such a common nature, and upon the lips of everybody

actually liquidating German houses, that there is little

doubt they are true. The Government, at any rate, are in

a position to ascertain actual facts from their records

furnished by the liquidators, if the point is enquired into.

Since the commencement of the liquidations it has been

discovered that a German State-aided Financial Trust was at

the back of certain prominent German houses, the existence

of which was for the sole purpose of ousting commerce from

British merchants' hands at all costs. This Trust was for

the

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