7
sabled Bowdens saking them to approach the jongkong
30
and Shanghai Pank te furaleb a letter of guarantee for
the amount of 10% of the contract value for dae
performance and requesting them to make a consignment
as soon as possible".
On the 13ts October the lurchasing vommittee
had already telegraphed to Bowden "pend deposit
anacceptable will accept Bank edarantee of 10%
upntract price from Longkong and Shanghai Bank,
In weantime salp immediately trial lots”.
On the 27th October the archasing Committee
telegraphed to canton "Beply has been received from
kowdeas advising mbipments during Üctober, November,
December 6,000 sleepers
- if trial lots are
satisfactory we will then go into the question of
depozit again”.
The views of the Furchasing Commission en
the sonda at of Messrs, Bowden have been expressed
than i-
"Bowdens demands that the deposit be gat in
the astralian Bank instead of putting it in the
songkong and Shanghai Bank. Moreover such deposit can
oe drawn only by the countersignature of the Farehasing
Commission and Bowdens. Later they telegraphed us
again enanging the deposits to £1,850 sterling worth
suon deposit cannot be a gaurantee for
the protection of the bayer - -- this transaction is
ever 100,000 bie sollars",
oende
5.
It will be noted that the sam which according
to the statement of the kurobasing Committee Mesere.
Bowden/
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