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In semnection with the suggestion to m÷TE THA claims of Hongkong and Singapero for dividead purposes, wo
have prepared a statement showing the affect of the suggestions
as regards credivers. The claims have been divided into three
classés, namely, ørediters with claime against both Hongkong
and Singapore, creditars at the Hongkong busiikea only, and
orediters of the Eingapore business only. For convenience,
we will refer to the classes of creditora as (a), (b),and
(3) respectively.
position:-
An exspiration of the figures reveals the following
11
dongkong
£3,951.10.9.
Singapore
£5,144.14.4.
ventilella nebi
21 creator's elt
1
. M..
As the Singaporo olsins exceed the Hongkong olalwa
the merger, if carried out, will penalise those creditors
whose claims against Hengkeng exceed their claims against
Singapore.
Regarding Clase (b), £1,459, the olains, being against Hongkang only, the orediters will suffer by the
malgasion, the estimated less to them being £842.
ma
Class (0), oreditors, that is, those oreditera
against singapers only, £1,424, will benefit oy the suggested pool of the saaste by £E14 in isoressed dividend,
in order tout you may appreciate tais point better,
Wo may state that there appeura little probability of singapers paying much mare than 20% te oreditors, whereas we are hoping for a distributien in Hengkeng of 100%.
if too masēta uro paelad, the dividenda will work out at about 50%, the gain te Singapore creditors being 36% and the less te mengkong oreditors 44/.
We may mention that the sum of £1,260 is dus te lecal crediters in Hengkeng (included in Ulama (5)), and that the suggestier te poal the assots, by which the probability of being paid 100% will be reduced at bent to a dividend of E6