A (2) 32
Hon. C.T.
(1). Have not some of the cases with which Auditor deals been finally dealt with and the Account closed?
(2). What steps are being taken to expedite the closing of the other Accounts in which there is long standing default?
(Sgd.) E. R. HALLIFAX,
Colonial Secretary.
22.1.31.
Hon. C.S.
Spoken with Crown Solicitor.
One case (Tam Shui Hong) has already been dealt with. The principal $25,000 was recovered but we made a loss of $5,173.47 in respect of the interest which was written off. See C.S.O.1 in 3104/1931.
The Tai Ping Theatre's loan of $140,000 will be cleared off our books on or about 24th May. Negotiations with the borrowers are proceeding and I expect to recover $147,000. This amount will wipe off the principal but we will make a loss on interest of about $13,000.
Every endeavour is being made to clear up the other items as favourable opportunities arise, and without serious loss. Meanwhile, I am collecting what I can by way of small monthly payments from certain of the borrowers, and in other cases I am collecting the rents.
I submit herewith, in triplicate, statements of accounts as at 31st December, 1930.
Passed to Crown Solicitor.
(Sgd.) EDWIN TAYLOR,
Treasurer.
29.4.31
A (2) 32
Hon. C.T.
(1). Have not some of the cases with which Auditor deals been finally dealt with and the Account closed?
(2). What steps are being taken to expedite the closing of the other Accounts in which there is long standing default?
(Sgd.) E. R. HALLIFAX,
Colonial Secretary.
22.1.31.
Hon. C.S.
Spoken with Crown Solicitor.
One case (Tam Shui Hong) has already been dealt with. The principal $25,000-was recovered but we made a loss of $5,173.47 in respect of the interest which was written off- See C.S.O. 1 in 3104/1931.
The Tai Ping Theatre's loan of $140,000 will be cleared off our books on or about 24th May. Negotiations with the borrowers are proceeding and I expect to
to recover $147.000 This amount will wipe off the principal but we will make a loss on interest of about $13,000.
Every endeavour is being made to clear up the other items as favourable opportunities arise, and without serious loss. meanwhile, I am collecting what I can by way of small monthly payments from certain of the borrowers, and in other cases I am collecting the rents.
I submit herewith, in triplicate, statements of accounts as at 31st December, 1930.
Passed to Crown Solicitor.
(Sgd.) EDWIN TAYLOR,
Treasurer.
29.4.31
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