10006
o't
PARAPHRASE
PRINTED FOR USE ON
MISCELLS.
No. 325
BOLONIAL OFFICE
9
10006
REC
TELEGRAM The Governor of Hong Kong to the secretaebf stáže 6.
bbrr-12
The Hew
for the Colonies-
(Received Colonial Office 10.41 a.m., 1st March 1916.)
-→
With reference to your telegrams of the 10th and
astern
54
94 2nd February in code respecting liquidation of enemy 1) Very little ammoveable property is owned
لے
firms
by German firms here. Practically all their shares
in public companies are pledged. Except in one or
two cases where there are sufficient assets already
increase in available assets by adopting your
proposals will therefore be very small. (2) Despatch
follows by mail respecting sale of trademarks and goodwill,
There are local objections to sale of trademarks and
sale would realise little. (3) I assume that the
private estates of partners of insolvent firms may be
·
sold. (4) Disclaimer will be introduced It will
apparently apply practically only to leases which
in many cases were settling themselves I propose subject to your approval, to save liability of liquidated.
firms under disclaimed contracts [(5) I venture to
deprecate provision that after liquidation no action may
be brought against liquidated firms, Some of the
liquidations will result in a deficiency but as a whole
the firms may be solvent and may resume here after
the war.
This has a bearing on disclaimer and on
the sale of good will.
MAY.
* Nos. 35-463524. t'he