§ 76. Sir R. COOPERasked the Financial Secretary to the War Office if a contract has recently been made for a considerable supply of munitions of war from North America without the intervention of Messrs. J. P. Morgan and Company, of New York; and whether Messrs. J. P. Morgan and Company were to receive a commission or honorarium of about four million dollars from the contracting parties for waiving their rights under their agreement with the War Office?
Mr. BAKERYes, Sir, certain contracts for munitions of war have recently been placed in North America without the 1820 intervention of Messrs. J. P. Morgan and Company. I am not aware that any commission or honorarium is being paid by the parties concerned to Messrs. Morgan, nor is it understood to what rights the hon. Member refers.
§ Sir R. COOPERIs it not the fact that Messrs. Morgan and Company hold a contract under which they are entitled to say whether a contract shall or shall not be placed in North America?