that might remain.
5.
In all these circumstances Mr.
Boner Law is in some doubt as to the best
course to be adopted. As already stated,
it appears doubtful whether Prize proceed-
ings could successfully be tal
and al-
takon, and
though it might be possible to confiscate the
goods if proceedings were taken against the
management of the Dresdner Bank for trading
with the enemy, Their Lordships will probably
think it undesirable, having regard to the
official character of that management, for a
prosecution to be initiated.
Moreover, if
the Bank is allowed to se tisfy its lien the
permission
benefit of this position will presumably
be reaped by the British Allied and Neutral
creditors of the Bank. On the whole,
therefore, r. Bonar Law is inclined to
think that the best course will be to allow
the Bank to sell the goods and satisfy
their lien including therein any sume
reasonably expended by them in transhipping
and forwarding and selling the goods; an
undertaking
494
DRAFT.
being given by the Bank to account to
His Majesty's Government for any
mag
balance that remain of the
proceeds of sale after the satisfaction
of the Bank's lien.
6.
lir. Bonar Law would be glad
to learn at Their Lordships' early
convenience whether they concur in this
proposal.
am, etc.,
(Bigned) H. J. READ.
for the Under Secretary of Stati