feren
ha
Mi
Calculle
ito matter whether they pay
rach other or not. ther hand if HK & S. 5. Each
& Calcutta have a Surplus
deficit, obrious s should not pay either of the other branches. It seems therefore that we must await information as to the solvence, of Calcutta Franch
? to reform Jedi mas
2 & copy of 5.5. for over.
you!
para 12% on repf
ParaMs. Jauppose the
Endles. 1.
The for raises the question whether the HK rss and should be poores There are various difficulties in the way.
are
Q. His uncertain whellen
the two Establishments
not really separati entities. We facti
re fiven
are
Q.S.5(12) 9
in heel. 3.
Straits 2914
(Lee . 8.4.(h) of 19150) - gives proference to
creditas hiring in thi
Colony-
Meb K
law
hough this world perhaps he t Torper Corse if to two tables timeli
are really the same Poncom
& The End of Jul. 3. shows
think he
Fat the HM lignin Elitas have offered to remind to PS.. any simpler re maining after
does not make tris distration requent of all
He claims. 46.
A
(3. HK. appears to be scrven
་
Whereas S.S. i Lett. 50€
Poolling will result in reducin
the dividead
pagable to HK creditus
100 20 16-88%.
from
Creditas!
This would be manifest unfari so far as Wident in Hill. are con
cemed, since creditus re -sident in 88. mübe
paid in full. The lique dutos do not suppert however that steps might be taken to five pricriti out of WK. Ancts to local creditus No poot the balan yanels
tanke that thi see de chaila
The for recommend
that there should the
no pooking
inclui
on the whole
y
para
I send cape sud. 3
is of dark true. 3 to for. £. for obcous
The despatch sags nothing.
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