CO129-456 - Governor Sir Stubbs - 1919 [10-12] — Page 276

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No. 1348/19.

Dear Ward,

257

20, Yuen Ming Yuen Road,

Shanghai, 14th November, 1919.

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Shomeen Lots Nos. 22 nd 39.

In continuation of my letter No. 1244/19 of the 22nd October, I beg to inform you that Mr. Shelton Hooper has revalued the above property at Hongkong 8106,000 and that I have now agreed to sell the property for this figure to the General Silk Importing Company of New York.

In accordance with the Supreme Court's Order

of the 16th May certain deductions have to be made from the proceeds of sale before paying over the balance to your cliant the Liquidator of the Deutsch-Asiatische Bank. I have today written fully to H.M.Consul-General, Canton, instruct- -ing him as to the deductions to be made and requesting him sc soon as the sale is completed to forward a statement of account to Kessrs. Johnson, Stokes and Master of Hongkong together with a remittance for the net balance shown in such account. This net balance should be somewhere in the neigh- -bourhood of Hongkong 8103,000 and wil, not be sufficient fully to pay off the mortgage debt with interest or to pay the Respondents costs.

H. Lipson Ward, Esquire.

Yours sincerely,

(sd.) Allan G. Mossop.

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