"I am just this minute back from Paris, and you will be glad to learn that they are going to support us very well there; in fact I may say that the Government has taken up the scheme, of course under the rose.

You know the French have possessions all along that coast and they won't be sorry to find an opportunity of stretching out their hand a little further.

Our difficulties as to capital are at an end, for a full third of it is guaranteed in Paris, and I expect that small investors and speculators for the rise will gobble a lot more.

We shall plant L10,000,000 worth of Sahara scrip in sunny France, my boy, and foggy England has underwritten the rest.

It will be a case of 'letters of Allotment and regret,' _and_ regret, Alan, financially the most successful issue of the last dozen years.