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17th June 1914.

Mr. EMILE DEEN, The Hague.

Dear Sir; I hereby beg to certify:

That you never have had any interest whatsoever in the "Compagnie Internationale de Pétroles".

That there has been no agreement between the said Company and yourself, regarding the payment of any remuneration or commission, in connection with the formation of the "Union des Pétroles d'Oklahoma" and that no such commission or rerhuneration has been paid to you by the said Company;

That I am not aware of any profits made by you in connection with the formation of the "Union des Pétroles d'Oklahoma" otherwise than resulting from your participation in the ground floor and emission syndicates, inclusive of an underwriting commission paid to you by the Banque FrancoAméricaine of Frs. 200.000. I remain, Dear Sir,

Yours faithfully

(get.) H. Brünner.

July 6, 1914

Mr. EMILE DEEN, The Hague. Dear Mr. Deen,

Referring to my letter of the 17th ulto. I beg to state that notwithstanding the letter of the Banque Franco-Américaine to E. Porgès & Co., dated June 2. 1911, you arefully entitled to maintain that you never claimed any part of the million Francs mentioned in the contract between yourself, Messrs. Von Ofenheim, Van Oss and myself, and that you never have been aware of having received anything out of the said sum.

To make this very clear, we must only take the facts in their chronological order, which is as follows:

1°. The Banque Franco-Américaine undertook indirectly through the Compagnie Internationale de Pétroles, the organization of the "Union des Pétroles d'Oklahoma" and it also undertook the unterwriting of the Preference shares amounting to 12.450.000 Francs. The reason for doing this business indirectly through the Compagnie Internationale de Pétroles was that the statutes of the Banque Franco-Américaine pro-

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