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120 [[left margin vertically in red]] Halowax European Bakelite [[/left margin]] [[underlined]] Co. [[/underlined]] which [[red underlined]] will try to dominate [[/red underlined]] and control Bakelite and which may try to bring it [[red underlined]] under [[/red underlined]] the ramification of the new [[red underlined]] international Cartels [[/red underlined]] [[strikethrough]] in [[/strikethrough]] ^[[with]] which [[strikethrough]] is not [[/strikethrough]] European Industry is now being interwoven. Therefore advised [[red underlined]] Sanford Brown to study Halowax [[/red underline]] situation [[red underlined]] first amongst [[/red underlined]] our most reliable friends, [[red underlined]] Bakelite Limited [[/red underlined]], then go to Germany and tell them that whatever we do with them will not be done if the German agreement includes by itself a French or Belgian agreement with La Bakelite. That French or Belgian agreement must stand by itself if not we do nothing. Then he should decide whether first [[red underlined]] halowax [[/red underlined]] should be started in England or in Germany. To me it seems that under [[end page]] [[start page]] 121 [[red underlined]] present excellent [[/red underlined]] and secure relations with our [[red underlined]] friends of Bakelite Ltd, England is preferable [[/red underlined]] and easier to run without [[strikethrough]] inte [[/strikethrough]] unknown influences or interferences. To simplify matters we might start [[strikethrough]] buy [[/strikethrough]] buying [[red underlined]] our chlorine in liquid form [[/red underlined]], even if it costs us more, and later on be better posted on what to do. We might import into Germany or France ^ [[the]] halowax made in England, same for Italy and other nations consuming halowax in smaller quantities. - We easily agreed on this program. [[strikethrough]] Everybody again is out so I had [[/strikethrough]] [[red underlined]] George Roll [[/red underlined]] arrived here for a few days vacation. Pleasant interview but avoided any discussion of business. I do not want to talk about my business