RE-DRAFT.
31
4. At the same time the Hong Kong Government point
out that the two wrecks "Simferopol" and "Svirstroi" are
deteriorating fast, that they have however a scrap value,
but that the longer the delay the less this value
becomes.
They therefore propose that the agreement
be
of the Soviet Government is sought to the sale of the
two wrecks by the Hong Kong Government and to the
deduction from the poyceeds of that Government's expenses
up to the date of sale, the balance of the proceeds
to be placed in deposit pending a decision on the Soviet
claim to compensation from the British War Risks
Insurance.
5. The expenses involved amount to H.K.85,002.80
(£312: 13: 6d.) in respect of the "Svirstroi" for the
period 1st January 1947 to 31st March 1948 and
H.K.$1,362 (285: 2: 6a) in respect of the "Sergei Lazo"
for the period 1st September 1945 to 31st May 1946.
(N. B. The "Sergei Lazo" claim is that made in 1947
unchanged). There is no claim in respect of the
"Sergei Lazo" for the period subsequent to 31st May 1946
and none in respect of the "Simferopol" for the period
subsequent to 31st December 1946. Charges in respect of
the "Svirstroi" subsequent to 31st March 1948 are not
yet known in London.
Page 30Page 31
c.o.
REGISTERED No.
54447/3/48.