MINUTES:
the time when the mont
entert multed
to the CA.
think
SBLACK
But wither
af a
dit Bechult
4
it should fleast the Cleaning Office
it
means releasing less froceeds of liquidation then would otherwort
MINUTES NOT TO BE WRITTEN
ON THIS SIDE.
No 430.
3043
GOVERNMENT HOUSE.
HONGKONG. 29th November, 1921,
461
Lue this
Cand
affirme
cund
We have desired this.
str Bushe
Meninter
↑
Ift herewith
attach
of Treaty
of Monday
the
cuno
24/1122
4/1/21
extract from.
Execution
Committee
13th Manch.co
have woken chr Southcombe to make
the conections shown in pencil)
Oft. Caninthe
Cler
23/3/22
gir,
I have the honour to request instructions as to the method of refunding the amounts payable in the case
of the release of the property of those ex-enemy nationals who have changed their nationality under the Treaties of
Peace.
2.
So far as is at present known the total
amount repayable if all the claims made are admitted is
about one and half million dollars.
3.
Under your instructions the liquidators of
the various enemy firme remitted auma to the Crown Agents for investment, as they became available, and the Custodien ! has similarly remitted the bulk of the balance in his hande
from time to time. The investment account with the Crown
Agents does not specify for whose account the suns were remitted, and similarly the Custodian has not allocated the lump sum remitted each time among the numerous accounts
under his control.
4.
The Custodian now holda in Current Account less than $100,000 to the credit of enemy nationals, the remainder having been remitted to the Crown Agents for investment at various rates of exchange, for the most part very considerably lower than those prevailing at present. If therefore the amounts to be refunded are the original amounts realised in Hongkong currency, a very heavy loss
will
THE RIGHT HONOURABLE
WINSTON CHURCHILL, M.P.,
&C.
ac..
%0..
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