Further particlars concerning the negotiations between the Transjordanian authorities and the Gough General Distributing Co., Ltd., an English concern, for the exploitation of the phosphates in the territory, have been made known here.
Captain de Valda, the representative of the company, was here recently to negotiate the contracts. The conditions are said to be as follows:
The concession is to run for fifteen years with the right of prolongation. An outright payment of £90,000 and £40,000 annually is to be made by the concessionaires, who expect to extract 36,000 tons of phosphate yearly.
The Palestine Railways administration is to grant special low rates for transporting the phosphates from Amman to Haifa.
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