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48613
Hongkong, 20th August 1915.
6.19
19ŽA M
RECC
MOSHOJNAL:12
The Chief Manager,
434
REGE 21 OCT 15
Hongkong & Shanghai Banking Corporation,
lastning00 arid to divest add en tinuolyɗo
Hongkong.
Dear Sir,
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.bantado ya!
„TİL KELL 227
othow
J. Gaupp & Ce in Liquidation.
we have
As your Mr. Hynes recently informed us he was aware,
recently been the subject of an angry attack by Messrs Mappin
& Webb, the principal British Creditor in England, on behalf of
themselves and other Home oreditors. We have, accordingly again
looked into the scheme of Liquidation and we are putting before you the result of our investigations in view of the fact that your Bank is the principal creditor and the result may affect your position
a secured creditor considerably.
ap
Mr. F. Heermann informed us in a recent interview we had
with him in Camp that late in July 1914, he was anxious as to the fate of his business owing to the declaration of war between Germany and Russia and the probability of his being required to leave the Colony to join the German Garrison at Tsingtau at any moment, and he paid a visit to your Mr. Hynes and asked him what was the best course to pursue. The result was the document pledging the goods in the shop to your Bank and the deposit of loose Diamonds valued at 20/25,000. The overdraft on 31st July was then $67,734.17. He says it took some time to prepare the document
and it waS eventually signed on August 12th, In the meantime
he had telegraphed to his assistant Salesman Mr. A.L. Penning
who had been temporarily lent to the Singapore Branch to return to