Leaving aside the loss, they will doubtless disregard it & claim from the firm their full pound of flesh in dollars!
1.5. Instruct Agents in reply to 561 that the money is to be invested on behalf of the firm. No separate account of Praza Fund is kept, it would seem, as they have misunderstood the P. of State's instructions on this point.
So inform E.W., repeating that the Praza Fund account is to be kept under Dollar Liability, the Loan having nothing to do with the manner in which the firm chooses to manage its balance to invest its funds.
(If this is agreed to, I will expand the despatch so as to make it clearer). I ask further for a balance sheet of the Praza Fund Account as of 31st July.
Put it mildly, Mr. O'Brien has probably got some explaining to do for not following his instructions to the firm. C.P(L) 57.15.10 dated 15 June 1921 did not follow the main tenor of the paper and it asked for an expenditure statement. What we want is a receipt.
Government House, Hongkong 6 December 189?.
My Lord Marquess,
I have the honour to acknowledge the receipt of Your Lordship's despatch No.169 of the 20th October last and to state.
Right Honourable Marquess of Ripon, K.G.,
Page 383
Vo234
C.O.485
94
86-730/43
93
Le
a
loss they will doubtless disregard it & claim from the frt their full pound of flesh dollars!
all
1.5.
? Instruct Agents in reply to 561 that the money is to be iverted on behalf of the fo
A
+no reparate account of
then
keptly
& Praza Fund im hand, it would seem,
as the thing for misunderstood the P. of State's
!
them,
instructions
this point.
+ so inform Ew. repeating that the Praza Fund account is to be kept Dollar Liability the Lo tholden
Jasa
having nothing
to do with the
anner in arhaich the for chooses
mann ma
balan fo
to invest its feeder.
(If this is
agreed to, Iwill expand the despre so as to make it clearer] I ask further fox as with ref. to
Enc. 2 in 19968 for
A
balance sheet the dry
of the Praza Fund Account
Ju757an
Put it mildly M2 5' Brien has probably
Some Uá Sim
for
his instructions to the from Agents
C.PL 57.15.10 15. Jum
blome
a12912 did no follow te
Mainte that pap an it
asked f Expend statemen What we want in
Reseift
2
Vo234
for
383
C. 0.
485
94
Government House,
Hongkong 6 December 9p.
My Lord Marquess,
I have the honour to
acknowledge the receipt of Your
Cope Lordship's despatch N.169 of the
86-730/43
93
20th October last and to state.
Right Konourable
Marquess of Ripon, KG,
The
де!
Fo
that
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