Colonies.
5. Mr.Donat Law la of opinion- that If it is decided to make the
liquidations complete at this stage
the estates of German firms will
suffer owing to the fact that their
goodwill will have depreciated con-
siderably since the beginning of the
not met that!
war: but it is thought probablə in
but it
view of the hostile attitude of e.g.
the Hong Kong Chamber of Commerce
that this depreciation will continue, What manis of
and that after the war, the goodwill
war
of these German houses will be worth-
less except in the event of a decisive
German victory or some extraordinary
The
their depreciation will contruer to progress, while the war durny The contenance of the
change of opinion among British Commu
traders in the Colony and in these
ato is probable,
circumstances Mr. Benar Lay considers-
in the interests of the estates
that/in
bar and
apeat pure the
considual cons refored
to in the preceding
of these German firms there is strong par that it could be
to make
reason for making their liquidation
DRAFT.
į
complete even now.
6.
124
In view of the important ques-
tion of policy involved I am to suggest
for the consideration of Sir E. Grey......
Sir J. Simon The Board' Mr. Chamberlain
that the matter should be discussed by
Home Officer the
representatives of the Foreign Office,
The India Office, the Board of Trade, and
the Colonial Office in conference; and
I am to enquire whether a representative
of your department could attend auch a
conference at this office, and if so
when it would be most convenient for him
to do so.
I am,
etc.,
~(dighed H. J. READ.
for the Under Secretary oÍDAJTE
complete
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