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H. M. Consulate-General,

REC REG 25

Your Exegilony,

22nd.

shanghai,

May,

1916.

In reply to your Ezeellensy's despatch No. 5504/1916 forwarding under flying seal a reply of the Custodian of Enemy Property to the Tabong Rubber and Tapiosa Estate, Limited, I have the honour to anelose sopies of telegramo ozehanged with the Foreign Office on the subjøet of new issues of shares during the war and of the treatment of companies British in name only and to suggest that the Company, being a China Company, should be guided by the letter, sopy snelosed, which I thereupon sent to the British Chamber of Commeres and the Shanghai

Stock Exchange -

The delivery of the Custodian's reply is postponed pending Your Excellensy's reply.

His Excelleny

sir Hamry May, H.C.M.G.,

Governor and Commander-in-Chief,

Hong Kong.

I have d00,

(sd.) E.K.Fraser,

Consul General.

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