CO129-413 - Governor Sir May - 1914 [8-10] — Page 257

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Enclosure 1.

Colonial Secretary's Office,

Hongkong,

28th August, 1914.

255

Gentlemen,

I am directed to inform you that the firms whose names

appear at the foot hereof will be allowed to carry on business

for the purpose of disposing of their stocks now in the Colony

and of goods due to arrive if skipped before the outbreak of war.

This permission will be subject to the following conditions:-

(a) All goods now in the Colony to be placed

in possession of the Hongkong & Shanghai Bank-

ing Corporation, the Chartered Bank of India,

Australia & China, or the Mercantile Bank of

India Ltd.

(b) All goods due to arrive to be placed on arriva

in possession of one of the above banka,

(o) No goods to be delivered by the banks except

for cash: the firms concerned to undertake to

pay into one of the above banks to a special

account all monies received by them in respect

of goods already delivered or on any other

account: the banks to undertake to retain

all such monies, and also all monies received

by them in respect of deliveries of gooda,

except so far as such monies may be necessary

for the purpose of discharging the fims lia-

bilities to the banks in question, and not to

pay out any of the monies above referred to to

any one without the authority of the Government

(4)