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MAPPIN & WEBB, LTD.
158-162, Oxford STREET, LONDON, W.
388
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interned at Hong Kong, and the Government have appointed Messrs Lowe, Bingham & Matthews, Accountants & Auditors of
Hong Kong, Liquidators.
In August and September last most of the Creditors received letters from Messrs Gaupp & CO, Hong Kong, giving
copies of correspondence which had passed with the local Government, confirming that they had a special license from the Hong Kong Government to conduct their business and that all monies etc were to be paid into the Hong Kong & Shanghai Bank for the benefit of Creditors, and that the Government had appointed
Accountants to see that this was carried out.
The British Creditors therefore had no cause for
alarm, and on or about the commencement of January last they received a letter from Messrs Lowe, Bingham & Matthews,
the Accountante, dated Hong Kong November 28th 1914, stating that they had been appointed Liquidatore and anticipated they would be successful in disposing of the business, in which case all
Creditors would be paid in full.
Not until the end of January 1915, and then only
in response to cables exchanged by Messrs Mappin & Webb, was any intimation conveyed the Creditors as to the unsatisfac tery
neture of the position.
On the 30th March, Mesars Marke & Cahn; one of the largest English Creditors, heard from their représentativa