J
license or leave
comed them or modified
I as
wright to bequired
in each case.
In the four of
lease provisi
is made
I for the payment ga
M
neh
1070 myalty profits. The experim
g
A
this dept
2
Sheers that
the payment of malt
such fairs of nook podpition
may give rise dispute
to considerable
to the deductions
which the lesser-
is cutiblad
to make in order to arrive. at the net profiti & it might, parsity, b. letter
to substitute a smaller rajalty on from output.
Mr.
Mr.
DRAFT.
MINUTE.
Mr. Antrobus.
Mr. Cox.
Mr. Lucas.
Mr. Graham.
Sir M. Ommanney.
Mr. Churchill.
The Earl of Elgin,
WB & L-COJO-J-G
178
Of havover, the present.
arrangement
is considered
letter it sh. will imm
h. ne
necessary
to define dearly
What is meant
{
net profits. The hist Course and probably br to define
define such
profeti as the fros
output less only actual working expenses, the
nature.
f
thes a
expenses ting in turn defined
so that the lesser.
cond not be able to claim to write
If anything
account of resent,
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