1

should be pursued any further, 1 understand that the Tinapore branch will have a larp surplus. The local branch will pro- -bably have a large surplus also. I do not know what the posi- -tion will be with regard to the Calcutta branch, but I am taking

stepa to ascertain it.

508

13.

The other case is that of Messrs. Arnhold,

Karberg & Co., which had a branch in London. I have no inform- -ation as to the present position with regard to that branch.

14.

The position with regard to Messrs. baupp & Co.. so far as it is known here, is set out in the enclosed copy of a letter from the liquidators to the Attorney veneral, dated the 25th May, 1916. Under the circumstances I would recomend that the assets should not be pooled,

15.

You will see that a power of disclaimer has been included in the bill. In accordance with your instructions tie liability of the alien enemy firms is not proserved, and dis- claimed leases and contracts ar expressly excluded from the operation of section 10 of Ordinance o. 20 of 1914. hey vill therefore form a élung apart as the ability of the alien enemy firms is preserved in the case of all áther claims. draw attention to this because I understand that the leasors who expect to be affected intend to oppose this particular pro-

-vision in the bill.

16.

1

The obligations in the case of which it may be

advisable to consider disclaimer may be classified as follows:-

(a)

Leases.

(b)

(c)

Ichan contracts with the eutsch Asiatinche

Dank,

Import contracts,

(i) With the suppliers.

(ii) With the dealers here.

(d)

Export contracts.

(1)

With the dealers here.

(11)

With the buyers.

17.

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