CO129-420 - Governor Sir May - 1915 [1-2] — Page 56

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for "some relaxation in the method of treating the alien firms

by allowing them to continue to trade, under supervision."

In quoting these views, we would venture respect-

fully to submit to Your Excellency's consideration whether

some means cannot be found to allow the alien firms to execute

(under liquidator's supervision) such new orders as their

Chinese customers may desire to entrust to them; provided that

all monies received be paid into certain approved banks to

meet the firm's obligations to the British manufacturers and

the current expenses of the business. This considerable ex-

penditure, being incurred in Hongkong, would benefit the Colony. Any surplus, (if any, only a negligible one in the

circumstances), would of course remain on deposit at the

respective bank or banks until released by Your Excellency's

Government.

In respectfully submitting these suggestions to

Your Excellency's kind consideration, we beg to be permitted

to add the opinion that, if the intending native buyer is pre-

vented from placing a new order with the alien firm that has

The hitherto supplied him, the effect will probably be this:

native buyer, who in most cases is bound to supply to his up-

country cfstomer goods bearing certain "chops" which are the

proprietary trademarks of the alien firm, will either have to

lose the order or find means for those goods to be sold to him

by the alien firm from a neutral place, say from Canton.

In both events, this would be a distinct loss to

Hongkong's trade and may permanently divert a good deal of it

to other ports. Your Excellency, being so intimately ac-

quainted with the idiosyncrasies of Chinese trade, is of course aware of the great importance of old established "chops'