From a perusal of the bank's ledger balances in Hongkong last 'July, there wan an estimated deficiency of $450,000 and I am informed that, from the Hongkong statement of affairs, it would seem that creditors there' may expect to receive approximately 20 per cent. but this figure must be treated with reserve, From the statement of affairs of hho passed through Shanghai on his way to Peking, he did not interview Jthe Provisional Liquidator. He is in. Peking now. Ihave through the Provisional Liquidator requested him to appear here in-order to present, statement of affairs and deficiency account and- to answer any ques necessary, and I am informed that a telegram has been received from him, stating that he will be hhere about the: 20th.
'A statement of affairs was prepared early in the liquidation but of course could not be presented until a meeting of creditors was called.. I have the figures here, unsigned so far by any directors or responsible affeer of the company.
A few figures and some explana tions have been provided by a submanager und these I have also with me.
Text read from the printed page and cleaned; old type leaves the occasional error.