:
Enclosure 1.
COPY.
C.O
49524
Reo 27 OCT 15
şir,
143
New Government Building,
Des Voeux Road,
Hongkong, 9th. September, 1915.
I am directed to place before you the views of the Committee to this Chamber on the subject of the manner in which the Liquidation of the German Firms in this Colony is being directed by the Hongkong Government through the various Liquidators.
In the first place it is now over a year since
the war stated between Great Britain and Germany and it will be a year at the end of next month since the local Germans were interned and their businesses put into liquidation. I am to point this out as, generally speaking, a year is commonly regarded as a reasonable time in which to wind up the affairs of deceased persons, bankrupt Estates and Company Liquidations. Sometimes this is impossible but the tendency of British law and public opinion is to impress on Executors, Administrators and Liquidators the desirability of
completing their duties within or as near to such a date as is here
indicated.
The Comittee do not see why the usual advantag-
-es following suca an obligation should not be impressed on the
Liquidators of German firms or that efforts should not be made to
disabuse in their minds the impression tuey appear to be under that the Hongkong Government is adverse to any activity of keenness in this direction as is evidenced by the orders curtailing the usual
powers of Liquidators. In this connection it is interesting to note
that British creditors' letters are now being received in which it
appears they assume their debts will be paid off as the liquidation
year closes.
It has been pointed out to the Committee that
difficulties have been placed in the way of Liquidators realising
other
The Honourable
The Colonial Secretary-
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