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closure No. 3 in Mr. Fox's No. 88, General Series, of August 9th. 1909.
FIDE
521
H.B.4. Consulate-General,
funton, July 26th. 1909.
Dear Sir Frederick lugard,
Referring to our recent con-
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versation on the subject of the "Falshan" case, I gladly
avail myself of your invitation to place the opinions
I expressed to you on that occasion in writing,
I cannot understand why lesers Butterfield and
Swire, the largest and probably the wealthiest British
firm in China, a firm who have for the past twenty five
}
years, taken a prominent part in the development of British
murcantile enterprise in the Far East, a fim who have,
on more than one occasion, deliberately suffered financial
loss in order to maintain a principle or defund their
Treaty rights (I instance their successful efforts to
inugurate steam navigation on the West River and inland
waters of China), should, by reason of the threats and
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