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letter written in Peking of which we enclose a copy. This was a matter upon which we should have much preferred to have your opinion in the first instance, but it was formulated during a verbal discussion at the Legation. We felt at the time that it would be helpful to have the views of the Directors in London. We beg to request that you will allow this Company and its subsidiary companies a reasonable time to complete their re-arrangements. If in your opinion it would be desirable Sir Arthur Churchman could be appointed Chairman of the Board of this Company so that the principal officer would be a British subject who is at present, although not ordinarily, resident in

Chine.

Te are, Sir,

Your obedient servant,

BRITISH-AMERICAN TOBACCO Co. (CHINA), LTD.

sd.

W. B. Kennett,

Secretary.

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