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18
Telegraphic.
No. 21.
From His Excellency the Governor to the Secretary of State.
26th September, 1914.
Referring to your telegrams of the 11th September and 23rd September, the one mode of control and supervision provided by the Trading with Eneiny Act will be impracticable here owing to impossibility of finding suitable controllers. tion to take power under Trading with Enemy Ordinance to be passed October 1st to con- I propose if there is no objec tinue already existing restrictions of local branches (1) trade only in local name and not in name of whole firm, (2) regular payments to
ärms. enemy
Restrictions as follows:- British banks of all sums of money. Is article 5 of Proclamation of 9th September to be regarded as in effect abrogating rule regarding dissolution of partnership in consequence of declaration of war. Main points are (1) banks will give credit to whole firm but not to local partners, (2) if trade in uame of whole firm should be allowed partner in enemy terri- tory may have during the war benefits to be derived from trade of branch, (3) existence of certain neutral banks in the Colony and in Chinese Territory and existence of branches enemy firms in Chinese Territory and possibility of sending telegram writing to such bran- ches from Canton makes it difficult here to prevent remittances to German Empire, (4) difficulties of applying to present conditions of Hongkong doctrine of double commercial domicile. Policy followed here throughout has been to prevent sums of money or its equi- valent reaching German dominions and not to stifle fair competition.
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