On 14th February, 1034, the parties entered into an agreement in. writ ing whereby (1) Moses sold to Associated Investments Ltd, the 3000 Belgian bonds in question for the sum of $198,000, on which sum (2) the company was to pay him quarterly interest at the rate of 7 per cent per annum from March 15, 1034 for '2 period of six' months and there atler at 8 por cent; (3) Moses was to, deposit the bonds. in hie name with the Hongkong & Shanghai Bank= ing Corporation in Tientsin and' to Instruct that Bank to deliver the whole or part of the bonds to sociated investments Eid. against payment at the rate of $70 per bond: fand (4) Moses reserved to. himself the right to use his own discretion in covering "exchange" from time time against the bonds, but was fo inform. Associated "Investments Lid. immediately of any "exchange" contracted. "All" such "exchange" contracted shall be for the account Jand Fish of Associated Investments Ltd." The payment of $70 per bond was intended to cover interest and bank "charges, and the exchange clause to protect the parties against the event of Belgium going off the Gold Standard, when the bonds would depreciate in value, The agreement was, I think, exe-eulogy, that is to say
Text read from the printed page and cleaned; old type leaves the occasional error.