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not call R. and Co's attention should mistakes be made; for

fuld not be at $11 in our interests to explain everything A. and Co, so with Texas, that in spite of the change 141

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thing was running moothly, for R.and Co., being a wealthy firm aould 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.

Over

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

and the Chartered Bank in whose name the contract was made has taken over full responsibility in case the HA.L. should not allow

Siemseen and Co, have

R. and Co. to make use of the godown.

cabled to shanghai with regard to the matter. Ch. is also of

opinion that we have done right to hand over the key, but that everything further depends on the Hapag and the Chartered Bank » R. and following the recent order of the English Covernment with regard to trading with the enemy strictly; these Godowne belonging to Germans ought really not tabe used by the "nglish at all; but this is a matter which does not concern us, We have done our duty when we handed over the key, as we can prove to the Texas or S. at any time. If difficulty should arise and the Mapag should ultimately require the goods to be removed from the godown, this need not trouble us and we await further information from Shanghai with regard to the matter.

As Uh, adds this Young wanted to be "overmart" when he cabled direct to the Texas that they should give the Agency to 8.T. and Co. as 8.R. and Co. could not be established in Hongkong. He had no authority to do this according to the ordinances, and

| accordingly the Government have decided, especially the Attorney-

General, Kemp, that they will no longer support him,

I am considering what you say in your last letter with regard to the 30,000 dollars overproceeds, and I am entirely of

Our opinion that there is no hurry to deal in anyparticular

ount and we can let matters develop of themselves. the merchants or the sub-agents set the proceeds of

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