In the case of Kochurga, a certified ale of deposit for $3,000 from the Bank of China was transferred the defunct American bank; the latter: closed before Kochurga could withdraw this credit. In view of the altitude taken by Kochurga's counsel, said Mr, Nelson, the liquidator woul not stipulate that the bank was in: solvent when the certifeate was deposited.
In the remaining case, that of the Polish Import & Export Ca, a sum of $800 was deposited se" security additional to bills of Inding against cargo to be paid for in London on a letter.of credit for £450, Due the elosiiy of the bank, this letter ment was reserved,
Text read from the printed page and cleaned; old type leaves the occasional error.