CO129-535-5 N.I. Brewer- transcript of trial and evidence 1-1-1929 - 31-12-1931 — Page 186

ACCEPTED 10.6.27

$9000 @ 8%

PRESIDENT. (Sd).Instone Brower

Hongkong May 28, 1927.

To the Instone Banking Corporation Limited.

MONOLONG.

188

sirs,

I hereby make application to the INSTONE BANKING

CORPORATION LIMITED. for a personal loan of $9,000

which sum I propose to use in payment of the balance

outstanding on 100 Ordinary Shares applied for (and

allotted to) me in my name and on which the sum of

$5.00 per share has been previously paid by me in cash.

I agree that this loan if accepted shall be a lien on

the said shares and that in the event of my essaying to

transfer or hypothecate the said shares, it shall be

forthwith repayable without demand.

Yours faithfully,

(Signed) Li Shui Hong

Received from the INSTONE BANK ING CORPORATION, LTD. the sum of $9,500.

(Signed).

Li Shui Hong