CO129-333 - Governor Nathan - 1906 [1-4] — Page 180

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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