CO129-431 - Governor Sir May - 1916 [1-2] — Page 20

COPY.

Enclosure 2.

H. L. Consulate-General,

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Shanghai, 25th. November, 1915.

18

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TQUISVOJ

In continuation of my despatch of yesterday, I

have the honour to report that the Yangtse Wharf and Godown Com-

-pany, Limited, has now advertised an extraordinary meeting to go into voluntary liquidation and to transfer the business as a going concern to a new company to be registered at the German Consulate-.

There are a few British shareholders who will

apparently be offered shares in the new enemy company, according to the private and confidential circular issued.

The reason for the change is given as our

coming Order in Council,

It is proposed to appoint as liquidator Bool- -sen the manager of the Hamburg merika office here. I venture to suggest that the rights of the British shareholders would seem to call for the exercise of the powers of the Colonial Court under Article 192 of the Companies Ordinance of 1911.

The land of this Company is not like that of

the other German Company registered at this office, which would have enabled us to have our shareholders indemnified by the

liquidator.

I have etc., (Sd.) E. H. Fraser,

Consul-General.

His Excellency

Sir H. May, K.C.M.G.,

Governor, Hongkong.