X
Under Secretary of State.
Hongkong associate.
April 21st, 1916.
609
It should be borne in mind also that this dilatorious atti- tude made it impossible for me to fall in with the desire of the Hongkong and Shanghai Banking Corporation to finance in Londen a re- cent shipment of 011 (valued at quite £ 80,000), the Bank having re- fused to undertake this financing before Heesra. Reiss Bros. & Co. had made up their mind; and it is indeed high time that finality is now reached in these long drawn out, yet simple, negotiations.
It is. at any rate, imperative that Mesurs. Reiss & Co. now decide not later than by the end of this month whether they desire to have this agency or not. The question is reduced to one of accep-
tance or non-acceptance of a Joint Agency-Agrecuent in terms as pro- posed by the Texas Company, and accepted by Mossro, Reiss & Co. Hong- kong, and of terms of Commission and otherwise according to the sub-
in the hands agreement, since some time, itxis of the London firu; which terms,
A as to Commission, are better than those accepted by their Hongkong house.
This question will be cabled to Hongkong in a day or two;
decision
-
the
and it is imperative to have Mesure. Reise & Co.'s time stated, as, should their reply be in the negative regrettable as this would arrangements must be made for the handling by other of the cargo now on its way to Hongkong.
be
In this regard, I must not omit to report that the Texas Company has now decided to open a fully equipped permanent office in Shanghai because, having appointed Messrs. Mitsui as their agents,
No comments yet.
Private notes are available after approval.