Defends his policy of establishing friendly contacts with neighbouring Central Asian states in general and Forsyth's mission to Yarkand in particular [cf Argyll's letter of 5 May 1870].
Memorial of Cotton Supply Association; prospect that expenditure reductions imposed last September may even produce small surplus for financial year 1869/70.
Failure of Forsyth's mission to open trade route to Yarkand; Goldsmid will move towards Kerman for Baluchistan frontier arbitration if he cannot proceed to Sistan
Refers to Argyll's letter of 20 October and encloses note by Anderson on Corbett's opinions which should be publicised in order to elicit opinions and encourage further experiment.