outside; Mackenzie--British Resident. Debt reduced to quarter
million. Same complete internal independence in Transvaal as in
Orange Free State. Conduct and control diplomatic intercourse
Foreign Governments conceded. Queen's final approval treaties
reserved. Delegates appear well satisfied and cordial feeling two
Governments. You may make the above known.

This Convention is also substantiated by the express declarations of
Lord Rosmead and the Rev. D.P. Faure to the effect that it was clearly
understood, at the time the London Convention was concluded, that the
suzerainty was abolished. It is unnecessary to add anything about the
evidence of the Members of the Transvaal Deputation. The suzerainty has
thus not the slightest shadow of existence; and yet, as will be proved,
Mr. Chamberlain is prepared to go to war with the South African Republic
over this question, a war which will, according to his intentions,
result in Annexation.

[Sidenote: Uitlander grievances and Capitalistic agitation.]

While the two Governments were occupied with this question the
Capitalists were not idle. They were busy fanning the flame in another
direction. It was not only a fact that Rhodesia was an unexpected
failure, but it had proved far richer in native wars than in payable
gold mines. The Capitalist groups possessing the greatest interests in
the Witwatersrand gold mines were also the most deeply interested in
Rhodesia, and it naturally occurred to them that their Transvaal mines
ought also to bear the burden of their unprofitable investments in
Rhodesia--an adjustment which would, however, necessitate the
amalgamation of the two countries, especially when the interests of the
shareholders were considered.

In order to attain this object a continual agitation was kept up at
Johannesburg, so that English shareholders living far away should be
prepared for the day when the Annexation would take place on
Constitutional lines.

The argument which was calculated to impress these European shareholders
was that the administration of the South African Republic had created a
situation which was most prejudicial to the financial interests of the
mining industry. Viewed from this standpoint the Uitlander grievances
were an inexhaustibly rich and payable mine.

[Sidenote: The industrial Commission.]

This agitation first of all emanated directly from the Capitalists, and
had assumed such proportions in 1897 that