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COPY.
My dear Banders-
Enclosure 8.
707
Amsterdam
23 December 1914
Cheetham. As I wrote you already, I am certain, that he did not receive your cables about the Texas Co. or he would have replied to them. Even if Cheetham could have gone to Hongkong, there would have been technical objections in the way, if he had tried to do the Oil business with Schluter's assistance or rather under the latters practical management. You will understand this if you will read over the report from Hongkong, dated end of October. So, whatever hidden dangers you may see in the proposal made by the Texas Company, the fact remains, that we had to accept their proposal, whether we liked it or not. The only alternative would have been, that they would either have given the Agency to S.T. & Co. or sent their om representative to Hongkong, which would not have pleased us at all; the latter alternative would even
been worse thm the former one.
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