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COPY..
(To accompany Enclosure 4.)
31
Peking, 30 November, 1915.
qgenkome di anatiqueness of beucai
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Messrs. Carlowitz & Co.,
General Agents,
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Yangtze Wharf & Godown Company, Shanghai.
Dear Sirs,
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I have received your letter dated 22 November marked "private and confidential" why, weeing it is a matter of ordinary business, I do not know,
in which I si am informed that it is proposed to sell the Yangtze Wharf and Godown Co. now a British one to ax a German Company and to pay the shareholders in that British Company for their interest in it by giving them shares of a similar nominal value in the new German one.
In reply I have to say that I protest strongly against the proposal and I intend to oppose it as far as I can in the first place by lodging a protest at the British Legation and with the Registrar of Companies in Hongkong.
It seems to me that the Company is honourably bound to reconstruct itself under the requirements of British law generally before selling it to a company under the law of m alien enemy of Great Britain. It can only be "llquidated" as a British company and as such I think under present circumstances certainly
I believe one
-
-
can reasonably expect that the British Courts should demand the appoint- -ment of a British Liquidator.
I also object strongly to my being paid for my shaxs interest in the present British Coupmy with shares in a German one, see -ing that in present war conditions German law does not allow a German Company to pay dividends accruing on the stock to British shareholders. It even appears to me probable that the shares themselves might at any moment be declared confiscable to Germany.
The only honourable way to deal with this matter is that the German promoters of the Yangtze Lagerhaus Aktiengesellschaft
should buy out the British Shareholders by paying then the par value
of
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