6
614
Bome of our agents have already gone over to the Stand- ard Oil Company. among others Hopyick in Fatshan who was a specially energetic agent. These people wont have anything to do with R. and Company. It appears that R. and
Company think themselves business is easier to carry on than
is actually the case.
(The last paragraph is concerned with the Profit and liabilities statement and a small explanation of one item.)
10 th JULY, 1915.
To-day
Dear Mr. Steger,
The Comercial Union Assurance Compary. has withdrawn their agency from us as you will see from the copy of their letter of the 6th instant. The Society had to do this under
pressure of the Government. I have come to an agreement with Tester on the basis of the following proposition which I communicated to him at once through our Broker, Kamchuen
whom I sent to Hongkong. The Commercial Union open in the
city their own offices and work business during the War
under their own name. We lend them our broker, Kamchuen,
who together with the confidential clerks of the Commercial Union run the business. Tester agrees with this in prin-
ciple and has written with regard to the matter to Davis ·
whose sanction he requires to this proposal. T. krows
quite well that as far as the business is concerned it is
not the ame thing if he takes the agency away from us and hands it over o some other firm, for the business depends mainly on our Broker, Kamohuen, who is one of the best
-Insurance
:
L
!