Under Secretary of State.
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April 21st, 1916.
608
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that this modification of theirs (not to speak of a cancellation of the whole clause as desired by London) would enable them to do this business without us without any compensation, even though they did not actually approach the Texas Company; and that this was surely not contemplated by either party. We also drew their attention to the fact that both lir. Secretary Bonar Law and Sir F.H. Kay suggested that we should appoint them "our" agents and that now they had been appoint- ed the "direct" agents of the Texas Company, which made this clause all the more justified. At any rate, that London could surely not expect us to nullify a clause which they had signed and which they would not have signed had they not thought it a justified and reasonable condi- tion of the Agreement.
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in
As to my Company, it goes without saying that we are quite
willing to formally declare that we shall not retum this business to a Cerman or Austrian house, although we naturally resent making such a declaration and would only consent to it in order to remove all and every obstacle to a speedy termination of what does appear to the Texas Company an unseemly wrangle as between two British firms these times of all times; inexplicable as all this must be to them now that they know that Hongkong has accepted their ordinary for of contract, jointly with my Company, that this acceptance was oubled them by the people who are conducting their business, by a gentleman holding an important position on the Legislative Council of the Colony, (as Jou wrote them) and that my Company stands by its offer to the London house of even better terma (of commission) than these accepted by its
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