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United States Department of State / Foreign relations of the United States diplomatic papers, 1937. The British Commonwealth, Europe, Near East and Africa
(1937)

Liberia,   pp. 785-857 PDF (27.0 MB)


Page 835


pected is justifiable from an economic point of view, then the Govern-
ment hath agreed and by these presents doth agree to grant, demise
and let unto Neep for a period of Eighty (80) Calendar Years, com-
mencing on the date that notice is given to Neep by the Government
that this Agreement has been ratified by a law of the Republic of
Liberia, an area or areas of land within the Republic of Liberia
aggregating Six Thousand Five Hundred (6500) Acres or any
lesser area or areas that may be selected by Neep from time to time
within said period of Eighty (80) Years; such lands to be suitable
for mining iron ore and/or other ore with the exception of platinum,
diamonds and gold.
  Nevertheless, should any particular area of land so leased by Neep
be subsequently found useless at any time before the expiration of the
lease period and Neep so desires, they shall have the right to give
one (1) Year's notice to the Government in writing and in that case
shall be entitled to a cancellation of the lease for that particular area.
But should Neep within One (1) Year after the execution of the first
lease of land under the conditions herein expressed fail to commence
operations in Liberia towards the development of its enterprises, the
obligations of the Government under this Agreement shall be dis-
charged and ended.
                           ARTICLE III
  The Government in consideration of (1) the establishment of Neep's
enterprises in the Republic of Liberia and (2) the payment of the
royalty for which provision is made in Article IV, Section C. hereof,
agrees that during the life of this Agreement Neep shall have and
enjoy the following additional rights and exemptions:-
  Section A. Neep shall have the exclusive right to take by mining
or any similar operation and in any manner which Neep may deem
fit, the iron and/or other ore contents of the subsoil of the leased
lands as well as the iron and/or other ore contents occurring on the
surface of the leased lands, except platinum, diamonds and gold.
  Section B. Neep shall during the life of this Agreement be entitled
to make such importations as may be directly necessary for the opera-
tion, development and maintenance of its mines and enterprises and
to export without restriction the iron ore contents thereof and freely
to transport such exports and imports by land or water within the
Republic. Neep shall submit to the Government before starting im-
portations, a list of the articles which may be directly necessary for
the operation, development and maintenance of its enterprises and
mines in Liberia. This list shall be binding upon both parties after
mutual agreement thereon.
  Section C. Neep shall during the life of this Agreement be wholly
free and exempt from the payment of any duties, imposts and excises
835
LIBERIA


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