Under Secretary of State.
April 21st, 1916.
607
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although I am quite certain that they have not the slightest wish to make another change (as is moreover so obvious to anyone who will but reason out the matter for himself) unless they should be com- pelled to make this change in case Messrs. Reise & Co. did not handle their business satisfactorily; and in this regard the London house can really be expected to have complete faith in the capabilities of its own associate, This is, at any rate, another strong reason why the Texas Company does not desire to be tied hand and feet to a firm of whom they have not as yet sufficient practical experience.
London
There is one other point in regard to which the /house is at variance with Hongkong, as arising from a certain clause four of the Agreement signed in London in June last and binding upon both hous88, This clause prevents Messrs. L. Reiss Bros. & Co. and Messrs. Reise & Co: "at no time hereafter whether this Agreement is still in force
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or not" to attempt or consent to acquire or to accept, directly or indirectly, the agency or sub-agency of the Texas Company without my Company's consent in writing.
The London house asks us to cancel this clause altogether, a clause which they accepted at the time without the least objection, quite usual as it 18, and to which there was also no objection in October last when "heads" for a new Agreement were laid down and so- ocpted. The Hongkong house, on the other hand, desires us to modify it, being willing though "to pledge itself not to approach the Texas Company".
To this we replied that they had probably realized meanwhile
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