He and Lippert agreed on 12 September 1891 that the Company would take over the concession from Lippert on the condition that he returned to Bulawayo and had it more properly formalised by Lobengula; in return the Company would grant the German 75 sqmi of his choice in Matabeleland (with full land and mineral rights), 30,000 shares in the Chartered Company and other financial incentives.