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[[underlined]] changing the present bye-laws [[/underlined]] so as to reduce the minimum required directors to two, which will enable us to appoint [[underlined]] Bishop and his brother directors pro tem [[/underlined]] until [[underlined]] Moldensite is amalgamated [[/underlined]] in the new concern. [[strikethrough]] Then [[/strikethrough]] [[underlined]] Perkins [[/underlined]] our lawyer is [[underlined]] present [[/underlined]] to guard our interests. We find that there are some less liabilities than as per balance sheet presented to us, on the other hand there is a [[underlined]] liability for directors salaries [[/underlined]] amounting to [[underlined]] 300£. [[/underlined]] The banker and [[underlined]] Perkins [[/underlined]] started a discussion as to who was going to pay this. As the discussion threatened to endanger the good feelings and smooth running of the proceedings and realizing that [[underlined]] we must settle everything before night I ended the discussion by telling the 300£ shall be paid as due by us. [[/underlined]] I was only too glad to settle [[underlined]] Moldensite cleanly [[/underlined]] and possess the company as is
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because this will be an [[underlined]] enormous leverage to bring P&J in line. [[/underlined]] I felt very much relieved when returning to the hotel that this is ^[[a]] finished job. From what I saw I [[underlined]] have no doubt we got our money's worth. [[/underlined]] The plant's [[underlined]] capacity will have to be increased [[/underlined]] so as to provide for [[underlined]] molding mixture for customers of Redmanol as soon as we stop importing from America. [[/underlined]]
Nov 21. (Sunday) [[underlined]] Smith [[/underlined]] came to fetch with the old car. With [[underlined]] Bishop and Smith discussed desirable business policies, [[/underlined]] also necessity of restoring former [[underlined]] prices for 1st quality molding [[/underlined]] mixture while we may leave the [[strikethrough]] chea [[/strikethrough]] [[underlined]] lower grade of Damard at its cheaper level. [[/underlined]] They both heartily agree. Left at about 10 AM.  [[underlined]] Luncheon [[/underlined]] at an excellent hotel of the [[underlined]] Midland R.R. [[/underlined]] arrived London about [[underlined]] 7.P.M. [[/underlined]] Found copy of [[underlined]] German contract [[/underlined]]