—Having got your address, after a long discussion yesterday with Grodley, I write again, to assure you that, in my opinion, everything relating to the New Zealand Company and the Canterbury Colony, will go wrong, and irremediably wrong, unless the Company can be induced to view the Association, not as a rival, but as part of itself—as a partner, which it really is, who is to find money for the firm. It is not possible to explain by letter: but I am confident that, when you know the facts, you will entirely concur in my view of the present danger, and of the means of setting things right.