Comprises: a comment on the difficulties of trading after completion of the contract with Levers comparison of river and Lagos purchases for the first half of 1919 and 1920.

Also asking about the 8% Preference shares in view of money market's 'queer state'.

Comprises: proposed financial deal with African & Eastern Corporation points to be raised with Leverhulme on Company efficiency, Lever's West African interests, and De Bruyn.

Little in the press about the Corporation deal, but 'some great scheme of reconstruction' implies need for more money than the present issue.

Also advising consequent need for care in the selection of the new Niger Board in view of special Company traditions of responsibility to the government and indigenous peoples; new directors' behaviour over remuneration unfavourably contrasted with old Board's 'quixotic' altruism. Problems of issuing prospectus for immediately raising further capital when financial particulars of both reorganised Company and merging companies not available; banks 'a little bewildered at the pace'...

Include: his objections to lack of consultation concern over implications of Corporation deal, its benefits to the Company, and the extent to which both groups can observe the principle of conducting their own businesses composition of the Board arrangements for new Company issue complications of possible coal strike. ...

Also about: Scarbrough's desire to resign once deal accepted by Corporation shareholders question of Emmott and Scarbrough as Joint Governors raised, and rejected again problems of outgoing Board making the new issue, though Levers intend to raise capital without mentioning the deal Leverhulme thinks the outgoing Board has a duty to reestablish finances...

Concerning the position in which Leverhulme's 'highly irregular' action over the Corporation has placed Scarbrough and the Board: they cannot take responsibility and ask shareholders for new capital based on a scheme in which they have no part; Scarbrough to retire; new Board under Batty to be elected once Corporation shareholders have ratified the deal postponement of publication of...

Comprises: manuscript note in Scarbrough's hand of emendations (fols. 367-370) unascribed copy of 'Private & Confidential' letter (from Emmott, with additions in his hand, to Leverhulme], elaborating on points about the old and new Niger Boards raised in his letter of 1 Oct [fols. 331-334] and concluding with the need for a 'better arrangement', in order to compensate the retiring...

Also about: 'unsatisfactory' response from banks printing of prospectuses hampered by coal strike reasons for delaying interview with Leverhulme.

With blank application form enclosed.

Comprises: (r) manuscript notes in Scarbrough's hand concerning an appointment with Leverhulme; financial arrangements the latter wishes to make with Glyns; and alterations to the Prospectus (v) notes on a county-basis of the Territorial Army [for speech, in capacity as Director-General of Territorial and Volunteer Forces?].

Has made his position clear to Batty; 'most helpful' committee meeting on groundnuts.

Also of Scarbrough's 'honest' Prospectus: 'The British public like that'. Is reluctantly preparing to winter abroad, despite 'no longer having the Wandering Jew feeling'. Reminisces about Lord Salisbury's congratulatory cable 'on smashing the Fulahs' in 1897; and, in his 'second childhood', he would like a copy, and wonders 'whether any of the Niger political papers have been preserved or whether Lever will put them in the dustbin'. [Cable quoted by Charles Orr, ...