CO129-413 - Governor Sir May - 1914 [8-10] — Page 244

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Enclosure 1.242

41432

RECO

Colonial Secretary's Office,

Rra 26 OCT 14 Mongkong,

26th August, 1914.

Gentlemen,

I am directed to inform you that the local

branch of the Deutsche Asiatische Bank will be allowed to

carry on business under the supervision of the Hongkong

and Shanghai Banking Corporation for the purpose of liquid-

ating its affairs and completing any contracta entered into

before the commencement of the war. This permission is

given on the distinct understanding that no money will be

remitted directly or indirectly to the German Empire, and f

that no new contracts of any kind will be entered into

except such as may be clearly necessary for the purpose of

liquidation.

I thi d

Should any question arise in the course of

the liquidation as to whether any particular thing would be

ber

authorised by this Sommission reference should be made to

the Government before any action is taken.

I shall be glad if you will let me know in

what way it is proposed that the supervision of the Hong-

Kong and Shanghai Banking Corporation should be exercised.

I have to add that of course this permission

is revocable at any moment without notice in the absolute

discretion of His Excellency the Governor.

..

Messrs. Johnson, Stokes and Master.

I am,

Gentlemen,

84.

Claud Severn

Colonial Secretary.