Satisfactory Amounts Recovered But Doubiful Prospects of More Obiainable The report, just issued, of the Liquidators of the Russo-Asiatic Bank, Bessr 'Ming and Perey Chu, to the Minister of Finance makes an interesting document for those who are concerned with the possible payments' of additional dividends.
The Liquidators have been able to collect Tis,,888,912.71 on. all accounts, inst which they have already paid Ts, 3451,070.05 in dividends. It is interesting to note that the cost of the Peking:
jdators' office amounted to Tls. 136,106.82 while the Shanghai Liquidators' charges imounted, to only Ths. 279955, which must be 2 nominal charge, 2 balance of claims amounting to Tls. 2,698,21895 remains.
In the item on future prospects, the Liquidators apparently do not hold out much hope for the' future, for if they become involved in costly legal expenses in Hongkong, Paris, London ami the United States, the possible recoveries will be reduced, hile the possibility of winning their claims are in some instances li clit, as there is a conflict in jurisdiction which cannot be easily overcome By a Mandate of the Ministry of Finance of the National Govern-al, and particularly for the period from February 1928 to June 1929, ment, dated July 11, 1928, the undesigned have been appointed Gen-feral Liquidators of the branches of the Russo-Asiatic Bank in China, to assume their office in Shanghai, and leoncurrently in charge of the local liquidation of the Shanghai Branch, Although the Ministry of Finance has been kept well informed of all principal incidents concerning the Liquidation, it is a dty of the Genera] Liquidators, in accordance with Article 19 of the Revised Regulati promulgated on September 13, 1 to submit a periodical report on the progress of the liquidation in gener
Text read from the printed page and cleaned; old type leaves the occasional error.