Sir C. Phoppe to the maquant
182
No.86.
Confidential.)
My Lord:-
BRUSSELS,
July 29th 1905.
It will be remembered that very recently
King Leopold paid a visit on his yacht to Dover where
he met Mr. Pierrepont Morgan.
His Majesty, I understand, reproached Mr.
Morgan very bitterly for having permitted the conces-
sion for the Canton Hankow Railway to be taken back
by the Chinese Government. To this Mr. Morgan re-
plied that as a business transaction the operation
had been an excellent one as it had brought over
£280,000 into the Royal coffers, for His Majesty's
2,400 shares worth £20 each had been paid off at
£120 per share, thus involving a clear profit of over
£280,000. In addition the out of pocket expenditure,
very considerable, had been repaid.
Mr. Morgan had 3,000 shares himself.
I understand that Mr. Rockhill on being ask·
The Marquess of Lansdowne, K.G.,
&C.,
&c., &C.
ed
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