CO537-(1262-1649) — Page 109

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

Ref.: restrictions. Further information is given in the enclosed Terms and Conditions of supply of National Archives' leaflet. Please note that this copy is supplied subject to the National Archives' terms and conditions and that your use of it may be subject to copyright