syndicate
to carry out our enterprise, and engaged the services of Captain Aubrey
Patton (now Major Patton-Bethune) as our representative. In January,
1886, Captain Patton started for India on our behalf, furnished
with a letter of introduction from Lord Harris to Lord Dufferin, who
was then Viceroy. On arriving at Rangoon, our agent found that Messrs.
Gillanders, Arbuthnot & Co., of Calcutta and Rangoon, in
conjunction with an eminent j"ewel broker of London, had already made
an offer to the Government for a lease of the Ruby mines at the annual
rent of two lakhs of rupees. This offer the Government was disposed to
accept ; but our representative, who had full discretionary powers,
made an offer of three lakhs, whereupon the Viceroy telegraphed home
for enquiry as to the bona fides of my syndicate. The India
Office sent in reply a favourable telegram ; but notwithstanding this
assurance, the Indian Government, after some further negotiations,
decided to invite public tenders.
Having
reason to believe that several competitors might appear, we deemed it
expedient to increase our offer, and finally our tender was made for
four lakhs of rupees. On April 15, 1886, a telegram from the Foreign
Secretary in India informed our representative that his tender, on our
behalf, had been conditionally accepted by the Governor in Council.
It
was decided, in July, 1886, to despatch a military expedition to the
mines, and the Government of India wrote to our agent, suggesting that
a representative of the syndicate should accompany the force.
Accordingly, my son, Mr. George Skelton Streeter, with Colonel Charles
Bill, M.P., and Mr. Reginald Beech, the three members of my syndicate, started at once.