THE NATIONAL ARCHIVES
T
>
000 74
-2-
1st May, 1946.
73
Having said so much, we fear we have gone as far as we can in applying the proposed procedure for liquidating the Clearing balance of our Hongkong Office to the actual position, for although our Hongkong Office have supplied a great amount of detail in respect to the intromissions of the so-called Japanese liquidator, there are many matters which still have to be elucidated before we could make any final pronouncement and which, we fear, will require the fullest investigation on the spot, where alone the validity of reductions in liabilities can be put to the test.
In submitting the following figures, therefore, we do so under reserve, because their value for the purposes under review can only be problematical in all the circumstances, especially when the nature of the contemplated legislation for dealing with the intromissions of the Japanese liqui- dators is still undecided:-
Assets in order stated above.
(1) Cash Balances held or signed
notes in the till
(2) Unissued Signed Notes in Reserve
and Notes signed under duress
$
41,465.16
719,000.-
(3) Pre-occupation Balance with the
Hongkong Bank
13,295,638.83
$14,056,103.99
(4) Proceeds of this Bank's Assets
realised by the liquidator
(overdrafts only)
in HS
in Yen x 4 = H$1,777,616.21
-
HS 802,368.41
$2,579,984.62
Liabilities said to have been paid by Liquidator.
(a) Credit balances of:-
Current Accounts repaid Deposit Receipts Government Accounts
11
(b) Bank's Balances Repaid:-
Banco Nacionale Ultra-
marino
Chinese Banks American Banks
S. Caine, Esq., C.M.G.
Colonial Office.
H$1,141,424.14
% 357,319.18
$3,399,550.94
H$1,490,731.60
76,255.-
68,092.53
Hg1,635,079.13
H84,898,294.26
$ 6,533,373.39
/It is not
2
cms
CO 537/1369
THE NATIONAL ARCHIVES
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