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proposed scheme and to lay special stress during his interview with the Governor of Hongkong on the fact that in reality the Company which will obtain the concession of the Hankow-Canton Railway will be British with a British majority seeing that the Chairman will always be a British subject and that he will have a casting vote.

I wish to repeat once again, my dear Mr. Addis, that it is of the most pressing moment to bind the French group absolutely and I think that the course I have mapped out above is an infallible means of attaining that end.

(Signed)
Yours very faithfully
E. Francqui.

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