38
represented by the Banque de l'Indo-Chine; and
10% at the disposal of the Belgian group represented by the Compagnie Internationale d'Orient.
The French Government regard this arrangement favourably and enquire whether His Majesty's Government are cognizant of the agreement arrived at and whether the arrangement has their approval.
In view of the correspondence which has already taken place between the Corporation and the French financiers, Sir E. Grey is disposed to inform the French Embassy that His Majesty's Government agree in principle to the proposal that a French financial group should co-operate in this enterprise, but that he would prefer to leave the arrangement of the details to the financiers of the two Countries.
Before, however, making any reply he would wish to be favoured with the observations of the Corporation on Mr. Addis's letter of the 11th ultimo, figures which according to Mr. Addis's reply of the 16th were inaccurate. He has also taken note of the further communication made by Mr. Addis to Monsieur Francqui on the 20th instant.
I am to state that Sir E. Grey would be glad to receive, for his confidential information, some explanation of the manner in which the figures given by Mr. Addis in his first-mentioned letter have been arrived at.
Subject to any further information which the Corporation may desire to furnish Sir E. Grey considers that the claim advanced in Mr. Addis's letter to Monsieur Francqui of December 20th with regard to the shares to be allotted to the British group should be maintained, and that the Corporation should adhere to the stipulation that the Chairman is to be appointed by this Group and possess a casting vote.
(Signed)
I am &c.,
the subject,
Sir E. Grey notes that the allotment of shares mentioned by the French Embassy corresponds with the figures quoted in Monsieur Francqui's letter to Mr. Addis
Page 40 (assumed to be three lines at the bottom, though not directly provided, as per the original instruction to keep page numbering if detected)
...
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38
represented by the Banque de l'Indo-Chine; and
10% at the disposal of the Belgian group repre- sented by the Compagnie Internationale d'Orient.
The French Government regard this arrangement
favourably and enquire whether His Majesty's Govern-
ment are cognizant of the agreement arrived at and
whether the arrangement has their approval.
In view of the correspondence which has already
taken place between the Corporation and the French
financiers, Sir E. Grey is disposed to inform the
French Embassy that His Majesty's Government agree
in principle to the proposal that a French financial
group should co-operate in this enterprise, but that
he would prefer to leave the arrangement of the de-
talls to the financiers of the two Countries.
Be-
fore, however, making any reply he would wish to be
favoured with the observations of the Corporation on
Mr. Addis of the 11th ultimo, figures which according
to Mr. Addis's reply of the 16th were inaccurate. He
has also taken note of the further communication made
by Mr. Addis to Monsieur Francqui on the 20th instant.
I am to state that Sir E. Grey would be glad to
receive, for his confidential information, some expla-
nation of the manner in which the figures given by Mr.
Addis in his first-mentioned letter have been arrived
at.
Subject to any further information which the
Corporation may desire to furnish Sir E. Grey considers
that the claim advanced in Mr. Addie' letter to Mon-
sieur Francqui of December 20th with regard to the
shares to be allotted to the British group should be
maintained, and that the Corporation should adhere to
the stipulation that the Chairman is to be appointed
by this Group and possess a casting vote.
(Signed)
I am &c.,
the subject,
Sir E. Grey notes that the allotment of shares
mentioned by the French Embassy corresponds with the
figures quoted in Monsieur Francqui's letter to Mr.
Addis
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