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Enclosure 4.

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HONGKONG AND SHANGHAI BANKING CORPORATION,

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MOTT

„gnoɔgnal „TONIO TOD

„SSKI Z Larī auth

$750

The Custodian of Enemy Property,

Hongkong.

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„CHANDION

Dear Bir,

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10

Hongkong, 4th July, 1922.

Kre. Kupsch.

In reply to your memo of the 3rd inst. requesting

us to instruct our Shanghai Office to make an advance to

the above to the extent of £3,000 against 13 shares of this

Corporation, the property of Mrs. Kupsch's late husband, we

regret that we are unable to authorise our Shanghai Office

to do this, unless we have a guarantee from the Hongkong Government fully covering us from any loss that might be

incurred by us in making such an advance.

Tours, bo..

(8d.) F. H. Pantycross,

Aotg. Chief Accountant.

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