made, and that their criticisms amount therefore to little more than, as I have previously said, that they have failed to make in the first instance as much profit out of the
514 transaction as they hoped to do.
18.
This letter is of course written for the confidential information of the Colonial Government and should not be published, but there is no reason why the Government should not make use of the facts and arguments which we have adduced if the conditions of the issue should be challenged.
I have the honour to be
Sir
Your Obedient Servant
-10-
(Sd.) E.E. Blake.