-3-
We understand the Government to mean, that we should be required immediately to pay the deficit shown in the liquidators' report as given in the copy of Par.10 thereof attached to your letter. I cannot however imagine that it is contemplated that we should make immediate payment of the very considerable sums named therein. We have as a matter of fact already met a substantial part of these liabilities, and if all that is meant is that we should specifically confirm our liability for the balance in the event of this not being met out of the liquidation of the old firm, we are of course prepared to do so, and I am in fact under the impression that an undertaking to this effect has already been given to the Officer administering the Government of Hongkong.
I would remind you that under the terms of the Bond given by us to H.M.'s Government, we are under obligation to make every effort to secure the complete liquidation of the old firm as soon as possible after the definite conclusion of peace, and, as partners in that firm up to the outbreak of war, my brother and I are in any case, without giving any specific undertaking to that effect, liable for the pre-war debts of the old partnership, should the assets on liquidation prove insufficient to meet the claims of creditors. While therefore we are perfectly willing to confirm our liability for the pre-war claims against the Hongkong Branch of the old firm, this would almost appear to be a work of supererogation. If it really is intended that we should be required to meet the Hongkong pre-war liabilities forthwith, I would point out that the assets in Hongkong consisting of the trade marks which we are asking to be assigned to us have no cash value, and that all the old firm's realisable assets are situated in China proper.
If H.M.'s Government could see their way to make such representations...
Page 26
-3-
otal beaubortal need bed doldw elrom absti saad♪ to spreads ads tad t
Tiedt to size sat temtage gnitetilim y[jsong, sew,azsay zot yaolod adt
-JIBYS] Toy to zeolito na ddiw wetvrstai fanigino ym yaiⱭ .sbooy
s atsido blues av 11 tadt bastetebau of nevi ylaistreo saw I tas
has [Itwboog ade of tdzir two gaiñalídatae strucû edt mott noktersĮDOÜ
ot vtilios) yrave kajnsia ed bluoda aw,mrit blo ads to altam obsij
-au saw it bas,gno1gnoĦ ot aizem abart eaed♪ to eau siam có en eldsas
cf aaw evot silam ebsIt saedt to quɔitangiana adt sæds bežaotźni TOV
Isw‐atų aď‡ etsblupti ot etnamegaST18 galiem two no taabneqeb ebam ed
teter blwow I .mxit bio adt to doners zaodzno¤ sds to suit kiids li
„ŠIŠI TIBUIde¶ to dtil edt to siettel zuoy of noitvennoo ama ni voy
efer dotak to d‡8 add to bas 8161\1858. OK, 20♬
won at doldw #tasmer tuper edt of sacareter yas seisz doldw to zedtisa
of doitany iɛna sát ot dashedsnq aoitibaoo a es betslugite vijneisyys
dova yas tadt beurofat need viistigiro" ev Dali BÍTAM OLAxt add to au
add of eacy evad toa yinlatzes biɛoda sw sbam að bínow noitibmoo
dołdw sszvoɔ ɑda mort noitaraiced edt yalaistɗo to saxeqze tas sidvor?
to eau edt dtiw samqalb of barreterg sved Livow has to? befBS VOT addaiT TUO sazotne bivoo or sa salt down [kimu KÉTAM SÕArt bio sit
.mit bio ada tanlaga
t
•
-Bð tug II edt to tvo zatains tioited edt ‚eaniq bæones sɗi al (8
sant tout ed‡ of sub at mit bio edt to donanƐ gaoignoll edt to molt meist toa vithashiva svad srotsblupki sás ban yino decată a saw side $16870 ezta yisy z kad axiT gaolz40% nát jedt rost sát tmodda osni ad ton bivos servod to dołdw, ładąnadë ai solito baed ad‡ daiw sunsíaơ
Letotab kupil ad‡ yď bazevOOGI -akuba 190 2110 edt to noitabnem monet odt betongrażać svad I
!
26
istering the Government to mean, that we should be required immediate-
ly to pay the deficit shown in the liquidators' report as given in the
copy of Par.10 thereof attached to your letter. I cannot however im-
agine that it is contemplated that we should make immediate payment of
the very considerable sums named therein. We have as a matter of fact
already met a substantial part of these liabilities, and if all that
is meant is that we should specifically confirm our liability for the
balance in the event of this not being met out of the liquidation of
the old firm, we are of course prepared to do so, and I am in fact un-
der the impression that an undertaking to this effect has already been
given to the Officer administering the Government of Hongkong.
I would remind you that under the terms of the Bond given by
ua to R.M.'s Government, we are under obligation to make every effort
to secure the complete liquidation of the old firm as soon as possible
after the definite conclusion of peace, and, as partners in that firm
up to the outbreak of war, my brother and I are in any caso, without
giving any specific undertaking to that effect, lia Me for the pre-war
debts of the old partnership, should the assets on liquidation prove
insufficient to meet the claims of ouuditore. While therefore we are
perfectly willing to confirm our liability for the pre-war claims
against the Hongkong Branch of the old firm, this would almost appear
to be a work of supererogation. If it really is intended that wo
should be required to meet the Hongkong pre-war liabilities forthwith,
I would point out that the assete in Hongkong consisting of the trade
marks which we are asking to be assigned to us have no cash value, and
that all the old fim's realisable assets are situated in China proper.
Uf H.M.'s Government could see their way to make such representations
No comments yet.
Private notes are available after approval.