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them equally 5% on our part, and I mentioned this to Mr. Rouvier, who accepted the combination. I gather now from your last letter that the understanding between yourself and Mr. Francqui is not such as I supposed by my conversations with him.
Let me suggest that it might not be indifferent to have the Belgians with us, and as they are seeking, as it appears, rather a part of profit for them, than a share of influence or vote, I trust you will arrive at an understanding with Mr. Francqui, who told me the day before yesterday that he was going to London to-morrow in order to discuss that question with you.
On our side, we are quite prepared to do for them what we promised and what we supposed to be as well consented by your Group.
Will you kindly let me know, after Mr. Francqui's visit, how you consider the question, and accept for Mr. Townsend and yourself my best compliments of the season.
(Signed)
Yours very truly,
H. Simon.