Bonds covering the other three Jcompanies were filed with the Clerk Jot the U.S. Court for China Into an Thursday afternoon, Totalling $88 000 U.S. currency, they were. fur nished by the Home Indemnity Com-any, an organized company existing under the laws of the State of New Mr. Hough announced tate on Thurs: ay night that, with the appointment of Mr. Henry De aint as auditor, and Dr. George Sellett, former U.S. Dis. frlet Attorney for China, work in completing the balance sheets of the three companies has commenced and when ready it would be precented in "layman's language," so that even those unacquainted' with "banking terms will be able get a clear ple= ture of the bank's standing on the closing date.
Mr. Hough also pointed out that there will be an immediate investigation of each item on the balance sheet, to discover if there are any discrepancies, 'The liquidator spent a busy weekend, devoting his enrive time to the Raven interests. On Saturday, he began a preliminary. study of' the Asia Realty Company, which he intimated might not be liquidated, Mr. "Harry Lucker "of Tientsin, receiver for the Nichols Rug Com. pany, one of the American-Oriental Banking Corporation's debtors, with his attorney, Mr. A. R. Morvison, rived in Shanghai on Monday morning to confer with Judge Milton, J. Helmick, of the U. 8. Court for China, concerning the company's part in the proceedings.
Not until liquidation of the American-Oriental Banking Company is well under way will Mr. Hough turn his attention to the other concerns. The bank, he stated, was the keynote of the entire problem.
The 200 former employees of the three Raven companies, automatically discharged with the closing of the /American-Oriental Banking Corporation, the "American-Oriental Finance Corporation, and the Raven Trust Ca, eventually will receive money due for ast salaries, Mr. Hough said answer to the innumerable questions hho has received concerning this phase of the situation, Mr. E. Fukai, assistant governor of the Banke of Japan, has been promoted governor, in succession to Mr. H, Hijtkata, who tendered his signation on June 4. Simultaneously Mr. K, Shimideu, a director, was named successor to Mr. Fuk
Text read from the printed page and cleaned; old type leaves the occasional error.