Translations:CP 03100/6/en

That being said, my reply is only as clear as a terrible crisis and seventy hours of insomnia will allow. I no longer have accounts with the brokers. I have paid Léon, Wellhoff etc. My only broker is the Crédit Industriel (Carpet and Mexico). You have a list with your office of the securities I own (the only subsequent sales being Interborough, Dutch, Saragossa, Maïkop and North Spanish). I own, for example, 57 stocks in the Compagnie des Eaux and Russian bonds. You only have to refer to the tables that you had drawn up. The Crédit Industriel does not send out statements of shares, except on the occasions when I have explicitly requested them. The details of the account that I closed with them on 31 March is in the enclosed papers, but it cannot be of much use to you: this is why. My 2080 account is with them, which is complicated by the open credit account and the liquidation account. On the other hand, having deposited certain Rothschild shares with them, whose sale was supposed to extinguish my debt and of which none except those mentioned above could be sold, I had a second separate account opened so that the income from these shares would not be absorbed by the open credit. This second account can only be in the black. They sent me the quarterly statement of the other account (2080) but not for this one, presumably because it is new.