will form a limited liability company with that capitalisation, and I will pay the money into its banking account.'
"'A limited liability company!' echoed Sarsfield-Mitcham. 'In that case I should need to receive a majority of stock.'
"'Of course. You take fifty-one shares and allot me forty-nine.'
"Miss Sarsfield-Mitcham was quietly prompting her father, but Flannigan ignored her throughout."
"Do the same, Peter, do the same. Flannigan is a very successful man whose example is worth following."
"Mr. Sarsfield-Mitcham said, 'I want to be perfectly open and above board with you. I don't intend to lose control of this invention as I have done with others. It must be understood that my fifty-one shares carries complete voting power.'
"'Certainly, subject to whatever legal enactments exist for the protection of a minority shareholder.'
"'No difficulties are to be placed in my way?'
"'Not by me, nor by my men. If anyone in my employ obstructs you, send a telegram to me.'
"'And if my experiments are successful, may I take it that your roads will adopt this invention on a suitable royalty basis?'
"'If your invention does in practice what you say it will do, every road in the world will be com-
