9. As security for the performance by the envoy of his obligations under this agreement, the envoy shall deposit with Messrs. Sassoon and Co. (Limited), on behalf of the parties hereto of the first part, the sum of 500,000 dollars in the Hong Kong notes of a British bank carrying on business in Hong Kong. Such deposit shall be paid without fail as to 250,000 dollars within three days after the date of this agreement and as to the balance on or before the 31st October, 1915,
10. Messrs. David Sassoon and Co. (Limited) shall deposit the said sum of 500,000 dollars in the Hong Kong and Shanghai Banking Corporation on fixed deposit.
11. After the envoy has taken delivery of all opium purchased except the last 100 chests, the parties hereto of the first part shall, if no claim shall exist against the envoy in respect of all opium purchased or any part thereof, and subject to any operation of clause 12, refund to him out of the deposit on the clearance of each of the last 100 chests the sum of 5,000 dollars.
12. The said sum of 500,000 dollars deposited, and all interest accrued or accruing thereon, shall be held by the parties hereto of the first part as security for the performance claim shall by the envoy of his obligations in respect of all opium purchased. If any exist against the envoy by reason of his failure to perform any obligation of his in, respect of all opium purchased, the parties hereto of the first part shall be entitled, at the expiration of eighteen months from the date hereof, without notice to the envoy, to satisfy such claim out of the said sum of 500,000 dollars and all interest accrued or accruing thereon, but the envoy shall remain liable to pay the balance of any such claim to the parties hereto of the first part.
13. The expression the parties hereto of the first part" where used throughout this agreement shall mean and include all the parties whose signatures appear at the end under the heading "the parties hereto of the first part."
As witness the hands of the parties hereto the day and year first above written.
The parties hereto of the first part:
David Sassoon and Co. (Limited):
E. SHELLIM, Manager
E. D. SASSOON AND Co.
S. J. David and Co. (Limited):
ARCHIBALD DAVID, Director
E. PABANEY
[This Document is the Property of His Britannic Majesty's Government.]
OPIUM.
CONFIDENTIAL.
[191153]
No. 1.
[December 14.]
SECTION 1.
Sir J. Jordan to Sir Edward Grey.-(Received December 14.) (No. 314.) Šir,
Peking, November 20, 1915. I HAVE the honour to enclose herewith copy of a despatch from His Majesty's consul at Nanking reporting on the measures taken during the last seven months for the suppression of opium in the province of Kiangsu.*
The account given of the extensive smuggling of opium at Shanghai is confirmed by intelligence from other sources. It is becoming increasingly evident that the agreement between the opium "combine" and the Kiangsu authorities, which was reported in my despatch No. 107 of 15th May last, convenient though it is proving as a solution of the problem of disposing of stocks, has had a retarding effect on the general policy of suppressing the consumption of opium.
(Copy to India.)
Malwa. Bengal
5
8
134
*Consul Wilton, No. 79, November 2, 1915.
26
36 40
CAWAŠJEE, PALLANJEE, AND CO. ABDOOLALLY, EBRAHIM AND CO.
71
14
ARRATOON V. APCAR AND CO.
H. M. H. NEMAZEE
139
R. Ho Tung per HO WING
M. H. E. Ellias per R. A. DASTUR
28
SAUGOURA
48
[2525 0-1]
36
Lau Tak Po:
By his attorney LAU FU CHUNG
5
319
487
319
Total
806
I have, &c.
J. N. JORDAN.
Signed by all parties hereto of the first part in the presence of:
HERBERT W. LOOKER.
Solicitor, Hong Kong.
(LS.) [In Chinese characters.] (The Kiangsu, Kiangse, and Kwangtung's specially appointed Envoy Tsai Nai Huang.)
Signed by the Envoy in the presence of:
SIN TAK FAN.
Clerk to Ewens and Needham, Solicitors. Interpreted to the Envoy by:
WONG KWONG WA1, his interpreter.
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