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Several of the liquidators have stated that as
matters now proceed the liquidation may take an indefinite
period. Many of them have ample funds in hand and so long as
they san pay their way their instructions are not to hurry the
liquidation. While no one would advocate a "smashing off* of
stocks, still the German business should be closed up as
promptly as possible.
Instead of this the impression is that the business
is to be kept alive until the War in over and the Germane
released, when they will in many cases find their houses set
in order for them, good sredits in sash in the banks and an
opportunity for at once resuming business, in faet a letter
somewhat to this effeet signed by the Colonial Secretary was
recently sent to the head of one of the largest German firms,
who is in the prisoner's camp.
Liquidators are forbidden to sell the German "ehops",
to dispose of houses or property, or indeed to do anything but
gradually dispose of stooks to the best advantage.
There are at present rather over 300 prisoners son-
fined in Hongkong, It was felt that for several reasons it
would be better were these men, many of whom are business men
belonging to this Colony, removed to Australia, but we believe
the Governor has refused to consider the question on the ground
of the expense.
One reason for urging the re moval of the prisoners
was that if interned until after the war and then released here
they will immediately endeavour to resume business either in
this Colony or more probably in Canton, whereas if they were
sent to Australia many of them would not return to China, ás
they will, it is hoped, be more or less crippled financially.