I
·
, liquidation.)
#. (The
writers criticise the instructions given to liquidators on the following grounds :- Firstly, because the instructions expressly state that the liquidatore are not to be held forbidden to take over the agencies of the liquidated firme:
secondly
because claims are going to be admitted against branches of the liquidated firms outside Hong Kong: thirdly, because the liquidators are expressly protected from all legal liability except criminal proceedings; fourthly, because the rate of remuneration allowed to liquidators is out of all proportion with the rate of profits accruing on such goods as metals, &c; Fifthly because the firms are compelled to continue liable in respect of business premises &c. which they hold under lease. This is described as "a crying injustice". It
is ters of course now beding:
be removed by the decision to sell business premises.
The boy claims to damager put forward are
in respect of the following :-
(a) Total cost of liquidation including remunerat tion of liquidators, and salaries to European and Chinese employés, outgoings, rent of business premises and warehouses, and total cost of carrying on the
business? of liquidation)
(b) Losses incurred through the compulsory liquidation.
(1) Through the sale of stock and property, (2) Through the interference with current
contracts of all kinds,
(3) Through the cutting off from the partners
of all information with regard to their business and of relations with their debt- ors and creditors, particularly the
Chinese, who are also debtors and creditors of the liquidator,
(c) Losses of interest on the money belonging to
the businesses retained by the Government.
498
(d) Certain personal losses not directly consequent
on the liquidation, but connected therewith, viz :-
(1) Rent of dwelling houses of deported and
interned persons :
(2) Losses on furniture &c. sold or deteriorated
owing to the damp climate:
(3) The difference between the cost of living in
the places to which persme have been deported and the cost of living in Hong Kong
The letter contains a statement as to the very
great injury done to German trade by the liquidations, which is satisfactory. I do not think it is worth while
to discuss the validity of any of these claims at
present, but the paper should be noted and perhaps this
photograph of the letter might be sent to the Foreign
Office for perusal and return.
06.18/8/6
At once
Gen Dept to ALE
g
822
see
noted
LAY.
گیر
19.8.16
(d)