The Archive · 1923

Sale of Property Authorized

It was also ordered that no steps or proceedings other than the above should be taken without the leave of the Court. On June 12, 19293, I received from Mr. E. M. Ross a report regarding certain matters requiring attention and in pursuance of this report I applied to the Judge in Chambers for directions and the Judge after reading an affidavit made by Mr. Massey and after hearing Mr. Ross and Mr. Beaston (the special representative of the Chartered Bank who was im Shanghai_ in connexion with Reiss Bros., Ld.) made an order authorizing me to sell the house at No. 695 Avenue Haig and the furniture and effects in it, and the press-packing business of the company in Tientsin. I was also authorized to let the office and flat occupied by the company in Hankow, but I have since given notice to the landlords, of the abandonment of the lease as from June 30. I was also authorized' by the same order to sell the plant owned by the company in Hankow and to sell the free-hold property of the company in Peking and terminate the lease of the leasehold property in Peking. I have also received general power to negotiate with debtors of the company for settlement of the company's claims against them. In pursuance of this order I am putting up for auction the property at 695 Avenue Haig and it will be sold on Monday next, the 16th instant. I anticipate that we shall get a good figure for this property as there are a number of possible purchasers and it will be sold subject to a reserve price. I am also proposing to sell the property in Tientsin by public auction and have sent instructions to Tientsin for this to be proceeded with.

I trust that my actions in these respects will meet with the approval of the creditors.

Text read from the printed page and cleaned; old type leaves the occasional error.

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