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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 840


FOREIGN RELATIONS, 1937, VOLUME I
enterprises of a similar nature or in accordance with the General
Laws of Liberia.
  Section '. Should the operations of Neep under this agreement
cease for a period of Ten (10) consecutive years, for reasons other
than Force Majeure or for reasons other than through the fault of
Neep, then the Government shall have the right to cancel such leases
which Neep may hold on mining areas not actually under exploitation
and from which no ore has been exported at the expiration of the
Ten (10) consecutive years mentioned in this Section. Should Neep
decide to cease mining operations for a period longer than Ten (10)
consecutive years, for reasons other than Force Majeure or for reasons
other than through the fault of Neep, it is agreed that Neep shall pay
to the Government for every year by which the above mentioned Ten
(10) consecutive years are extended, an annual sum of Fifteen Thou-
sand ($15,000) as indemnity against the Government's deprivation of
royalty after such period, provided nevertheless, such extension shall
not exceed Five (5) consecutive years. The indemnity herein provided
shall become due and payable for such preceding Calendar Year
between the first day of January and the thirty-first day of March
of each succeeding year. In case Neep should fail to pay this indem-
nity in any one year when the same shall become due under this
Section H. of Article IV of this Agreement, then all and singular the
rights hereunder shall become extinguished and void and this Agree-
ment shall become of no effect. But in no case shall Neep be relieved
of its obligations contained in the provisions of Article IV, Section
D. above; and should Neep cease to perform its maintenance operations
for a period exceeding Five (5) consecutive years, for reasons other
than as a result of Force Majeure or for reasons other than through the
fault of Neep, then the harbour basin becomes property of the Govern-
ment without charge or condition.
  Section 1. The rights of this Agreement granted to Neep shall
not be sold, transferred or otherwise assigned by Neep to any person,
firm, group, corporation or trust without the written consent thereto
of the Government of the Republic of Liberia previously had and
obtained.
  Section J. Neep shall have the right to develop for its own use
such natural water power and hydroelectric power as may be capable
of development upon the tracts of land selected by Neep under this
Agreement and Neep shall have the right to construct and maintain
power lines over any Government land in order to convey power so
developed from one tract of land selected by Neep to another.
Section K. It is further agreed that at the expiration of the life
of this Agreement or the cancellation thereof by mutual consent of
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