Letter from D. W. Kempner to E. R. Hill discussing about his recent trip through Suez Canal and involvement with Nanyang cotton mills. He also expresses interest in conducting business and offers to supply up to 2000 bales of cotton monthly with payment terms via sight draft New York.

Interview with Howard Yergin, an employee of Caltex Petroleum Corporation from New York City. Yergin discusses his career with the company, including his education and Army service, hiring by Caltex, move to Shanghai in 1948 and business conducted there, businessmen who helped reestablish Caltex's Chinese market after WWII, fleeing China in 1949, attempts at recouping capital from the Chinese government, operations in Hong Kong, changes in the oil market over the years, corporate financing, internal reorganization, OPEC, Persian Gulf economies, South African operations, the tanker fleet, and the company's move from New York to Dallas.