P.L.G. to Michell : concerned re Victoria Falls Power Company; need for all decisions of the board to be carefully recorded so as to answer any queries from shareholders; danger of locking up capital, thus forcing another share issue in 1908/9; also concerned at Fox's rôle in the business, even though his profits from the Victoria Falls Concession have been declared. [Endorsed `Not sent'.] 1906 Dec 29