§ 1. Commander BELLAIRS
asked the Secretary of State for Foreign Affairs whether the liquidation of the Deutsche-Asiatische Bank in China is now completed?
§ The UNDER-SECRETARY of STATE for FOREIGN AFFAIRS (Mr. Cecil Harmsworth)
His Majesty's Minister at Peking reports under date of 16th June that the position in regard to the Deutsche-Asiatische Bank at Shanghai is as follows: Considerable progress has been made by the present liquidator, who is the manager of the Hongkong and Shanghai Bank at Shanghai, with selling enemy property and real estate in satisfaction of the bank's claims and little remains to be done in that direction. The liquidation of local accounts is practically finished. The bank's foreign and Chinese staff have been dismissed. Its premises have been sold, and its organisation in Shanghai completely broken up.