advise you to offer the seat to George Hunter - he ought to have been placed in the Council long ago. Oct.7. I have just seen Henley in re Telegraph -the old story - this man has entirely upset everything so that there would be no chance of raising the capital without a guarantee of 6 p.c. - shares of telegraph companies have fallen frightfully - some on which 6 p. c. has been paid are being given away with a bonus of £1 - still matters may mend - but for the present they decline to adhere to the proposal. They will send out another offer by next Mail Q They see no objection to Vogel's stipulations - One of the boys has also been in with a draft proposal for preliminary surveys - I hope to have it before the Mail closes. Yours faithfully I. E.Featherston