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Foreign Relations of the United States

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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

Liberia,   pp. 785-857 PDF (27.0 MB)

Page 838

  Section L. The Government further agrees that it will encourage,
support and assist the efforts of Neep to secure and maintain an
adequate labour supply.
                           ARTICLE IV
  Neep, in Consideration of the Covenants Herein Made by the
Government Hath Agreed and by These Presents Doth Agree
as Follows:
  Section A. That upon taking possession of lands under this Agree-
ment, Neep shall pay the Government rent at the rate of Fifty (50)
Cents per acre yearly and every year in advance, calculated at the
rate of 4.80 Dollar to the Pound Sterling or Four Shillings and Two
Pence to One Liberian Dollar. Such payment shall be made to the
Secretary of the Treasury of Liberia or to such other officer as may
be by law provided, in coin current in Liberia; it is to be understood
and agreed that the rent herein provided to be paid by Neep shall be
due to be paid by it to the Government upon all leased areas of land
selected by it as and when such areas are selected.
  Section B. Should the rent reserved for any piece or parcel of land
selected by Neep be behind or unpaid on any day of payment whereon
the same ought to be paid as herein provided, or should any default
be made in any of the covenants hereinbefore contained on the part
of Neep to be paid, kept or performed, and if such default in the
payment of rent or otherwise shall continue after Six (6) Months
written notice of the existence of such default served by the Govern-
ment upon Neep, then the Government shall have the right to cancel
this lease as to that piece or parcel of land the rent for which is in
default or in respect of which piece or parcel any default exists as
specified in such notice, and reenter into and upon the said demised
premises and to again repossess and enjoy the same. But if Neep shall,
within said period of Six (6) Months after the written notice, as
aforesaid, make good the default complained of in said notice, no
right of cancellation shall thereafter exist because of such default.
The notice required to be served on Neep shall be delivered to the
representative of Neep in Liberia and a duplicate thereof shall be
simultaneously sent by registered mail to the Managing Director
of Neep at its Head Office in Amsterdam, Holland. Neep shall
promptly notify the Government of any change in the location of
its Head Office and thereafter any such notice shall be addressed
  Section C. Neep shall pay to the Government annually a royalty
equivalent to Four (4) Cents per ton of iron ore exported from its
mines in Liberia; said royalty to be calculated as provided in Sec-
tion A. of this Articles It is further agreed upon that whenever

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