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question a transfer of this kind will present difficultie s

era of opinion that we also om prolongation of the drafts

should refuse payment of 6 per cent interest in the same

way as other firms have done. But before I take any steps

I will come to an arrangement with Shanghai.

Comercial Union Assurance Company. This old

Society is also forced, in consequence of the proclamation

referred to above, to sever their connection with us, and

not even the name, Richter, has protected us. From the

enclosed copy of my letter to-day to Tir. Steger you will

see further details. I also enclose copies of the letters

of the C.U. of 28/6 and 4/7 and of our letter of 30/6.

I hope that Davis in Shanghai will agree with our proposal

that during the war he carries on the business in the

city under his own name in order to prevent one of the

rivel English firms obtaining the agency.

Legal and Ceneral Life Assurance Office have

replied to hongkong in accordance with the enclosed copy

which we received from the liquidators with reference to

your policy No: 3497. I understand from "r. Schluster

that you have settled this matter direct with the Society.

I also enclose copies of my letter to you and of my let-

ters to "r. Steger of the 1st and 10th instant.

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