CO129-448 - Governor Sir May - 1918 [4-6] — Page 122

to the circulars which we have sent out

indicating the lines upon which enemy share-

holdings in British Companies are being dealt

with in this country, and say that we presume

that he has considered whether any of the shares

held by the Bandh on its own behalfc in Hong Kong Companies/should be sold in accordance with the policy there indicated.

05. 27/7/18

He

And out whether the R. 13.

perperty has been or will be

sold.

Col 28.7.15

behalf of Every fiche..

in Beef att

N°

N: 109.

33082

PEC

D

REG 11 JUL 181

120

Sir,

Treas

-

Despatches.

2958 1/4 Eastern) Secretary of State No.129 of

21st June, 1917. Secretary of State No.306 of 14th September, 1917.Sar

-

GOVERNMENT HOUSE,

HONGKONG. 24th April, 1918.

Copy

With reference to previous correspon- dence as noted in the margin on the

subject of the liquidation of the Deutsch Asiatische Bank here, I have the honour to inform you that the 5546D44.X. liquidation is now complete, and I enclose twelve copies

of the Report of the Liquidator together with the statement of Accounts. This statement shows a balance in favour of the Bank of $669,494,51. To the report is attached a sup- plementary statement showing the final steps taken by the liquidator to deal with the large surplus, the bulk of which viz., £100,000 or $650,847.46 at 3s.07d. to the dollar was remitted to the Crown Agents for the Colonies to be invested in War Loan. The remaining balance of $15,943,91 has been handed over to the Custodian of Enemy Property who will defrey any further recurring charges, such as the safe custody of the records, from time to time. The appointment of the liquidator has been revoked.

2.

The Report gives details of the pay- ments to and from Branches viz., Calcutta and Singapore to liquidate outstanding liabilities and it further records

THE RIGHT HONOURABLE

WALTER LONG, M.P.,

&c.,

&c...

the