Venivs at
Dear Monsieur Francqui:-
December 15th, 1905.
50
I have to acknowledge receipt of your letter of the 11th instant and I now await the further letter from Mr. Simon to which you refer.
In the meantime, to avoid misunderstanding, I would take this opportunity of pointing out that your analysis of the percentage of allotment of Shares is slightly inaccurate. The apportionment should be as follows: –
Belgian Group. 10,000 Ord. 10,000 1.000 British Group. 47,500 Ord. Shares: 550 Def. Shares: 102,500 votes. 100,000 French Group. 42,500 Ord. 87,500 200,000(Signed)
Yours faithfully,
C. S. Addis.
ch