CO129-430 - Others & Individuals - 1915 — Page 128

Lette

firms in Hong Kong and elsewhere in

the Jolonies.

2.

Assir E. Grey

is

The Board of Trade are Sir. J. Simon may be]

r. Chamberlain may be

aware the Secretary of State has so far

followed the principle that the private

property of enemy subjects should be

miliar aigencias permis; respected as far as possible; and as

**

it was found necess ry for military

reasons that enery subjects resident in

subjects

the clones concerned

should be interaed, and their

businesses were thereby left derelict,

liquidators have been appointed to preserve

diapore & stocks

the assets, collect the debts, and pay

off the local creditors of such firms is

far as possible.

3. The liquidators were restricted

from alienating the good-will or disposing

of the land or instruments of business,

such as lighters, tugs, etc. of the firms,

except where it was required to do so

owing to the cost of preserving them,

or

7

123

where

or other considerations made it desir-

able to do so in the interests of the

estate.

4.

Mr. Bonar Law now considers

that the circumstances which led to

the adoption of the policy outlined

above have been changed by the putting

into force of the Trading with the

Enemy (

(China;

Persia Siam, Feia and Morocco)

Proclamation of the 25th June, which

molves

has made it possible to contemplate the

destruction to a considerable extent of

German trade in neutral countries in

کی

the far East; and it may prove desir-

able

the system of change preservation liquidation into one of complite)

winding up

complete top

put an end to the liquidation—–—–

of German houses in Hong Kong and the

so as to fence place

Straits Settlements in order that the

difficulties in the way of pe14by adopted in the above mentioned

Preclamation may not be defeated by the

re-establishment after the war of

German trade in these countries by the

use as bases of houses in British

Colonies

T