002
draft again due on the 21st July for K.12,411 05-P.A.E.
we assume you will meet out of the above remittance.
Piece Goodς. The statement sent to you in February
with regard to plece goods referred to goods out of the of
bankrupt stock of 'r. Teidt's time.
The Bebit belance of $200 represents an advance
made to F. in July, but meanwhile F. has paid off this
advance so that his account is settled.
Hongkong Bunk. We are on very good terms to-day
with this Bank who have shown themselves most obliging.
note that you have agreed with your branch to 3 prolonga-
tions of the different drafts. In accordance with the
attitude of the Bank up to the present we shall certainly
have no difficulties in this respect. The question arises
however, how the Bank will regard the question of interest
having regard to the recent proclamation of the English
Government forbidding all trude with Germans after the
26th July. Shortly after this proclamation was publish-
ed the Bank tried to obtain payment from all the local
German firms of current drafts, but naturally no one agreed
to this. After the 26th, according to the proclamation
the Bank can no longer demand interest from German
firms on current drafts, but where it is a question of
requisitions one will probably measure with a different
scale. In any case different firms here have already
refused to pay interest on drafts against goods in respect
to which they do not know when they are likely to receive
them.
aturally, the Bank having regard to the large
business which is done in Shanghai hold a balance in their
favour against us; but in consequence of the proclamation after the 26th no manufacturer can make shipments from
Manchester to s German firm. What is not shipped up to
the 26th can no longer be exported unless a transfer of
the contracts made with R.B. and Company, to the name
Richter can be arranged. Having regard to the chop-ques-
tion