CO129-468 - Governor Sir Stubbs - 1921 [6-8] — Page 153

MINUTES.

MINUTES NOT TO BE WRITTEN

ON THIS SIDE.

N° 242.

152

40100

1: 021

GOVERNMENT HOUSE.

HONGKONG. 22nd June, 1921.

MO

16390

Sir,

With reference to your despatch No.102 of April 14th,

1921, I have the honour to inform you that the Custodian of Enemy Property holds the sum of 88,136, the proceeds of the sale of 8 shares in the Union Insurance Society of Canton formerly in the name

of the late Gustav Theodor Siemssen.

2. A sum of $19,910, the proceeds of the sale of 25 shares in the Hongkong and Shanghai Banking Corporation, is held by that

Bank by virtue of Article 28 of their deed of settlement as security for sume owing to them by the firm of Sienssen and Krohn

of Foochow of which the deceased was a partner. Previous to the

sale of these shares the dividends which accrued were employed by

the Bank to liquidate this firm's overdraft.

3. I have further ascertained that the proceeds of 50

shares in the Union Insurance Society of Canton were utilized to

liquidate Siemssen's overdraft at the Chartered Bank of India to

which purpose the accrued dividends on shares in the same Company

held by the Custodian were also applied.

I have the honour to be,

Sir,

Your most obedient humble servant,

7.2. Stubbs

Governor, &c.

THE RIGHT HONOURABLE

WINSTON CHURCHILL,

&c..

M.P.,

&c.