properties connected with the trade loan have been
dormant and possibly, indeed, it may be many years
before an opportunity arises to deal with any of them.
But Holmes, after Stubbs had left, came to the
conclusion, after prolonged research, that it was
legally necessary to call on Stubbs to execute the
Deed personally, owing to the form in which the
original transaction had been made. The necessary
document was, therefore, sent to him in Jamaica, which
didn't please him at all, and it was he who then gave instructions for a Power of Attorney to be prepared
so that he need not be further worried with such
matters. To avoid any similar situation arising was
one of the reasons for incorporating the Treasurer,
but as regards this trade loan business, Lockhart-Smith
is quite clear that it has not been possible to challenge
Holmes' view, and that the alternative to executing this Power of Attorney (as your predecessors have done)
will mean that you may possibly have to be pursued
with papers for some time to come.
There will be
no
4