—I was disappointed at not hearing from you to-day.

Perhaps a letter from you is gone to Reigate. It will be best always to direct to the N. Z. House.

In order to save time, so that you may be able to take your page 11seat as a Director on arriving in London, I have this day qualified you by assigning to you stock to the amount of £500; and the Court has just agreed to a recommendation of the Committee that you shall be elected as a Director. Two notices must be given, and a fortnight elapse, before the thing can be done. With respect to salary, that is also fully settled amongst ourselves, but I would not settle it officially—more especially with respect to the source of payment—without giving you a word of your own in the bargain. The final adjustment of that point, therefore, must wait till you shall be here. If you should not like what I have done, you must retire.

The sooner you can come the better; for we shall do nothing more without you.