44A

To H. K. To ask what would

have been the amants

buyable for

1926 1927 if

all the deductions they

clami

had been made. I encore

opies of from which

the telegrams

you

will see that

the contributions

on

This

basis are

than on

decidedly lower The basis of 122/%

of the annual valuation.

Yours sincerely

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