CO129-431 - Governor Sir May - 1916 [1-2] — Page 33

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

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COPY..

(To accompany Enclosure 4.)

31

Peking, 30 November, 1915.

qgenkome di anatiqueness of beucai

II

Messrs. Carlowitz & Co.,

General Agents,

i

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зíðud .0 *L._

to embusi ze jo

wederon .8 . 'Kad

Yangtze Wharf & Godown Company, Shanghai.

Dear Sirs,

‚ugio Tiber Krew ade Zlobang Ni han qu mati ng even likw nowelaneg svi, edT

ob van med vệ mood diaporlíosejmiði en vnd də mois-I

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THE

Hi,malcoƐ .mu vidnoờng (2nd-kinşil enk

• MẮT News Inlayson Tento end nan zehnt

i 900, Bis-T

Mis Məhique: and Va cok ilani la el mé pochi

-

Í V TOJZİMAT ed ili treccellen@gmiðak Xie .■flimate w 100 kiupil ens, „I-të eð et Lue....00 neura{) at org and of BIT MOLBİSES wol renta eik „Mijuan end broth at Bidnou od voj blwork

......1.1 İzoly bowl

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sid (rujet

yanq all cað „visiDicia

njiw Joem liiw yn gutoo on

eveile to Juɛzedni en xi ed ,nimas 1 st jod ow (forsigqn exis-

abdi to nie ot

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.00 JIWOIT

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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