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the rules of the law it would be all right, but such is not the case. The President of the "Chambre Syndicale" while, perhaps, competent as an expert, happens to be himself an art dealer and closely connected with a number of prominent art firms. And that is why I draw your attention to the [[strikethrough]] conclusions [[/strikethrough]] consequences which the French Government did not, and probably [[strikethrough]] cannot [[/strikethrough]] could not foresee.

The above explanation will enable your readers to draw their own conclusions.

You also ask me to let you know what I think of the actual business conditions regarding the art trade in Europe. This question is easily answered.

It may surprise you when I tell you that the art trade in Europe is flourishing and that even Germans have bought largely in Paris during recent months. This can be understood, if one stops to consider that it is wise of them to endeavour to exchange their depreciated currency against works of art which have a world value not affected by actual conditions and which will never diminish in value, because they are marketable in all civilized countries.

There is also a new crop of buyers of works of art existing as a consequence of the large fortunes
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