teretuno pilɔox Teknose bara gestaria
1 ()
iin ng muli a kai gav
Catad seit að multifidati
Bingham & Matthews,
mutants & Auditer's.
Gedeon Con
New Governmen: Building.
Des Voeux Road,
Hong Kong 28th. Hay, 1718,
Kir,
Ohs. J. Gaupp & 00.
517
We are in receipt of your letter of the 20th. instant,
inviting our views to the suggestion that the naacts of the
above Tira in Hongkong and Singapore shoull be pooled, and
tint the two liquidations should be treated as one for the
purpose of distribution.
According to z rough atatuæent of affalha deted ti
blat. January last, ssnt to us by the Liquidston, the estimated
deficiency at Singapore was $77,239.82, 8truits Cupsènoj.
The Liquidator, in forwarding the statement, ravarked `that
probably the stack would not realise the satinated valus at
suotion.
* have heard from Singapore since that the
liquidation would result in (perhaye) the run of $14,000 being
available te mout zuropean ereditare for £8,570. This will
izorease the deficianoy to over $42,000.
One of the reasons for the increase in the amount of
the estimated deficiency, in so far as it relate, to ordinary
creditors, is undoubtedly the law in Eingapore as to lecal
creditors whose claims have to be paid in full. The oleim
o the landlord of the shop in Bingapore fer dans nos has
baen kesesued at $9,900 plus cesta, and bairg s leoal claim,
Las been, or willbe, ast it full. We have no definits
information as to this but have drawn the ierorķinos from the *
wide divergence in the figures given as the entiated defiology
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