te Company shall reduce the price of dynamite to 70s. per
case, giving to the Government the 5s. per case and the share of the
profits to which it is entitled; and that at the end of the present
agency the factory shall be taken over at a valuation which shall not
include compensation for goodwill or for loss of future business.

FRANCHISE.

This is the vital point upon which a permanent and peaceful
settlement must hinge, and if a satisfactory solution can be arrived
at on this point, as well as on the others raised, we shall be
prepared to recommend to the Industry to make the sacrifices involved
in accepting the Government proposals.

We note that--

_(a)_ the proposals do not include a substantial recognition of past
residence;

_(b)_ that the period is seven years;

_(c)_ that it is proposed that those who acquire citizenship under
the law, if changed as proposed, shall not have the vote for the
office of President, and that the oath of allegiance would be
required seven years before the acquisition of limited burgher
rights;

_(d)_ that the proposed new law would have to be published for a year
and receive the assent of two-thirds of the enfranchised burghers of
the Republic.

Whilst declaring ourselves willing to accept and recommend the
acceptance of any fair scheme on constitutional reforms, we consider
that such a scheme must first be laid before, and approved by, the
unenfranchised community, as the rights, liberties, and privileges of
the community would depend absolutely on the nature of the reform.

We have repeated on many occasions that business houses are not
qualified to discuss this question on behalf of the general body of
Uitlanders, and that we would not presume that we were appointed by
the whole community to discuss it on their behalf. It will therefore
be necessary to find means to bring the whole question before those
directly affected, who are the only ones entitled to finally dispose
of the matter, their acquiescence to the scheme having to be first
obtained before we recommend the sacrifices which we contemplate in
order to ensure a general permanent and peaceful settlement.

For your guidance we enclose an expression of opinion which has been
furnished to us by some of the most prominent Uitlanders, and
places before you the views of a very large and influential section
of the community.

The above subjects are only those which have been discussed between
the Government repr