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which have been forcibly wound up, losses thereby result to them, tho amount of which connot be given in figures before the conclusion of peace. It is known that all the Gerum. firms in the glish Colonies of Honkon, Singapore, and Penmg have been compulsorily liquid ted. The firms have to be liquidated and, as the instructions run, srme- -what in the some way as if the firms found themselves bankrupt. (Colonicl Secretary, Hongkong 30th. October, 1914; ......shall be
wound up in much the same manner, as if their affairs were being wound up in bankruptcy".) The liquidater has to pay off, first of all, the local creditors who belong to the allied nations, and to neutral countries out of the monies which come in. Wothing is said as to the disposal of the surplus although no money is allowed to be transmit- -ted to Germany or Austria, nor will it be paid back to the firm con- -cerned. It is further ordered that the books of the firm, papers, documents, accounts, either be destroyed or dealt with as the Govern- -ment directs, (Straits Ordinance No. 6 conclusion: "shall be destroy- -ad or otherwise dealt with insuch manner as the Government directs".)
Under such circumstances it will be difficult in
IV 2 most cases impossible, to draw up in our Scheme A under 1. b,c,d, the estimated losses: hence for the time being the only loss **kikk which can be established is that which accrues to the German firms in the worst possible case, namely, in case the English Government never pay back the money held. As it is desired, until the situation clears, to get an idea of the amounts so lost to the German in consequence of the enemy regulations we have drawn up herewith the following Scheme B in which the amount concerned must be filled in by ench fim. In connection with the various points of this state- -ment the following is worthy of mention;-
1. The amount of the capital should of course include certain amounts written off and reserve funds, which existed on the 1st. January; also any contributions of capital, while remittances which were made to the partners of the firm between the 1st. Jmuary and 4th. August, 1914, must be deducted.
2. It is usual with firms in the East in good years
to write off large amounts from their real estate, liquid property,
0...
* 1
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