This transcription has been completed. Contact us with corrections.
8 general intentions. As to [[underline]] Mouldensite, if Ferguson [[/underline]] is not reasonable we decide to drop [[underline]] mouldensite [[/underline]] altho' we would prefer to [[strikethrough]] settle [[/strikethrough]] settle the [[underline]] Moldensite situation amicably. [[/underline]] [[vertical annotation in left margin]] Ferguson makes good impression [[/vertical annotation]] [[strikethrough]] Concluded [[/strikethrough]] [[underline]] Ferguson [[/underline]] is in town wants to see me. [[strikethrough with broken underline]] Met him with Bishop at hotel. [[/strikethrough with broken underline]] Then asked both to discuss the situation among themselves. Bishop reported after 2 hours that [[underline]] Ferguson insists on directorship [[/underline]] and on [[strikethrough]] $ [[/strikethrough]] being allowed to subscribe 10000₤. This evening [[underline]] Hays wires me that although Sachs had agreed on our terms, Berlin refuses and that Mollers is leaving [[/underline]] for Berlin to convince them [[underline]] they must accept [[/underline]] [[underline]] Nov 13 [[/underline]] Received cable from Hays. [[underline]] Berlin has accepted [[/underline]] as follows: "Sachs advises Berlin non acquiesces in proposition [[end page]] [[start page]] 9 outlined in my cable. Is proposition acceptable to you personally." Then later a [[underline]] cable from George: [[/underline]] "German agree contract all our important and broadly demands. Your interest in present Bakelite Gesellschaft 20% instead of 28%. Sending you copy of proposed agreement for your opinion." This means that according to former cable of Hays: "Sachs tentatively agreed to contract giving us 51%, you (LH.B ten common, them eighty (common) and you twenty of 7% cumulative preferred guaranteed by us (Bakelite Corporation) for three years longer, our option preferred becoming voting whenever we decline continue guaranteeing dividend (of 7% cumulative). After 7% is paid ([[strikethrough]] in addition [[/strikethrough]]) to common two (%) more (is distributed to) preferred) and common; then common getting all earnings,