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Hongkong 18th May 1915”
Mesara F.A.Welti & Sen
London
Dear Sirs,
Your letters of 27th March & let April to hand. hat we take distinot exception to the tone of betu lettem,- Lên we took Te beg to state darge here as uiquidators we found that the estate would very likely prove imsolvent & we were given to understand at the various banza and advised all drawess of drafts against tais firm of sum a state of affairs.-
As regards your particular draft for £ 118/11/8 we discovered mat Mr Meyer, mơ vàs in charge of the Import Department purposely emitted se advise the buyers of the arrival of these goods intending to hold them for a rise in the mrzet. Comsequently we were unable to enforce the origins) cost ract. Instead of a good market tae var has brought about a most deplom able state of affairs & three of the largest dealers in piese goods have failed. On this account we were unable to find a buyer for the 5 Cases Printed Meltons & must wait until next wimer season.-
me financial condition of tais firm naturally does not permit us to pay off any drafts unless we can sell the goods at a price to cover the amount of the draft & ta us your draft was not paid at maturity, the Hong- kong & Shanghai Bank holds the Godown Warrant for these 5 Cason which are at your disposa). If you desire to turn the goods over so some other firm to sell for your account ve shall have no objections to offer. Please let us knew your wishes in to is regard as soon as possible,-
Before closing we would point out that your action in approaching ta o Government in wê manner you did was entirely unwarranted. Further you pa to have considerably misrepresented faoua sa te sur sendust of Me liquidation. Te have since September received ne semminications
vih tae exception of the 8 letters under reply.-
Yours faithfully, DEBELINGER & 60:- wewe, Bingham à #1098 A.A.ülasten
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