:

6:3

thing up;

for there is nothing to be made by him out of the

business, at least not with the present consignments. For as Ch. says an estimate of €1200 would not be too high for

the telegram sent to the Government in Hongkong and to him.

But I am of opinion that S. is too tough and too proud

willingly to take a decision of this kind. The danger is,

however, that S. will break off all connection with us unless

we can obtain binding guarantees from him or is unable to persuade him to agree to a new shipment to A. R. right

through to Canton as already proposed.

Ch. hopes that we should support R. and Co., as far as possible, and accordingly he had arranged that our Comprador should receive per cent Commission for giving

orders to the Comprador of R. and Co. This is of course

very pleasant for our Comprador, but he will not be too energetic in his support, and will also not call R. end Co's attention should mistakes be made; for it would not be at all in our interests to explain everything to R. and Co,

so that Texas saw that in spite of the change everything was running smoothly, for R. and Co, being a wealthy firm could

offer such facilities to the Society with regard to punctual payments etc., that they would gain a considerable advantage over us. I do not think that we shall get the Agency back, but we must naturally do our best.

The key of the Godown has been handed over to R. and

Co., and the Chartered Bank in whose name the contract was

made has taken over full responsibility in cese the H. A. L. should not allow R. and Co. to make use of the godown.

Siemssen and Co. have cabled to Shanghai with regard to the

matter. Ch. is also of opinion that we have done right to

-hand

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