CO129-420 - Governor Sir May - 1915 [1-2] — Page 52

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-4-

It would exceed the limits of this letter and

might appear a presumption upon Your Excellency's valuable time,

were we to enumerate the many reasons in explanation of our

statements. Suffice it therefore to say that it is the well

considered opinion of our Lancashire and Yorkshire friends,

and they are many, that a trade such as this, with all its

ramifications, built up by years of patient and laborious

effort, can only be diverted into other channels gradually,

and that any endeavours to hasten this process of slow acquisit-

ion are bound to do harm. There is also the all important

question of old established valuable trademarks or "chops",

owned by the alien firms either alone or jointly with Manchester

and Bradford firms; and the Imperial Government will surely not

approve of any interference with the ownership of such trademarks,

desirable as this may appear to be on first thoughts. In short,

to stop the trade of old established alien firms in Hongkong

all at once is bound to very materially increase the number of

idle spindles and looms, and to bring further misery upon

thousands of mill and factory hands in Lancashire and Yorkshire

for some time to come.

We therefore trust, and respectfully pray, that

Your Excellency will kindly cause steps to be taken which will

ensure that these considerations are not lost sight of by those

entrusted with the important duty of liquidating the alien firms

in Hongkong which trade in Lancashire and Yorkshire textiles;

and we further pray that Your Excellency will kindly have regard

to those considerations, in the interest of our British home

trade, in case further regulations affecting it should be framed

by Your Excellency's Government.