to hire the beauty -1.144,3.
6.
This left the difference on US$132,000 to be
met, or approximately HK$217,800. Scott and English Limited finally agreed to pay this in instalments between
August and December, 1950.
7.
Two concessions were made to the Company :- (i) Government took no exchange profit on the
US$132,000 which was directly settled.
(ii) Government's 4% commission was reduced
to (the rate ruling prior to revaluation) on certain imports of woollen piece goods by Scott and English after revaluation against their obligation to purchase woollen piece goods up to 80% of the value of the iron ore shipped
against the contract mentioned above.
60
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