Note 87 — Chapter XX · EMPRESS OF INDIA.

He complained that the Government had gone to Messrs. Rothschild for the purchase-money instead of to their regular financial agents, and paid them a commission equal to 15 per cent. a year on the advance. He declared that the Khedive would probably fail to pay his 5 per cent. on the purchase-money, and that England, in any dispute as a shareholder, would have to sue and be sued in a French court. As trustee for the nation the Government ought, he said, to insist on low tariffs. As a shareholder it must, however, insist on high dividends. The purchase, he held, would give England no real influence at the Board of Direction.