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́fefer you to my despatch No.22) of ́#s Famos referring to certain
remittances to prisoners of war out of liquidation funds.
7.
I have come to the conclusion that it is advise-
-able that the direct liabilities of the local branches of the German firms should take precedence of any claims siginst other branches. One reason is that distribution might otherwise be delayed. Another is that in some cases some of the assets have
already been distributed on that principle.
8.
I hope to address you soon in a separate despatch
on the subject of the veran launches,
9.
Sufficient power to direct any balance to be
in the hands of the Custodian of enemy property seems to exiët already under section 5 (10) of Ordinance lie. 20 of 1914.
10.
I have given directions that all leasehold proper -ty must be sold by auction at a reserve based on sitzer a valuj -tion or the firm's own estimate of the value of the property unless the omers shall have consented to accept an offor priv -ly made. The amount of lensehold property belonging to firma is small, and it all belongs to four firms.
11.
The only cases of which I have definite. -ation at present where branches of the German firma
in other parts of Vis Vajesty's dominione are those Deutsch Asiatische Bank and Heaara, Arnhold, Aarberg 4 CON
1 am making further enquiries. The lorddeutscher Lloyd ages to have had assets at Bingapore, and 1 an saking enquirieg soo
this case also.
12.
The Deutsch Asiatische Bank had branches at Ci
-pere and Calcutta. The local branch has a debit balance of about £160,000 with the Singapore branch but a credit balande of about 490,000 rupees with the Caloutte branch. The liquidata or controller of the Caloutta branch has refused to remit this balance to Hongkong and 1 would be glad to know if this matter
should