Mr Chamberlain has led us to believe that he has a policy which will set these matters right. He has great faith in Sir Alfred Milner and Mr Greene; he has also faith in himself. In brief, his policy consists of conciliatoriness and firmness combined. If I have succeeded in this letter to properly express my convictions and the grounds for them, it will not surprise anyone if, with all my belief in Mr Chamberlain’s genius, I utterly decline to share this faith. Time was, and that not many months back, when he might by other methods, not war, nor necessarily leading to war, have broken down Kruger’s obduracy, and made him more sensible; but that time has passed. It is now too late. Time was, and that not long ago, when the Johannesburgers might have imposed terms on Kruger and, unassisted by outsiders, have rectified matters themselves; but the opportunity was lost through Jameson’s interference.