4 Ning Po St. Kowloon
31st May, 1927.
Coy.W.Up 1/29 N.I.B.23
185
Dear Mr Brewer,
As you suggested we held a directors meeting
with your absent.
The directors thank you for your generous offer and
have resolved to accept Mr.Lee's plan.
Mr Lee will sell 55000 shares to his Peking friends
who will fully pay up them, and his priend Mr.Kwan will
now sign application for these shares as guarantee.
Please to request Mrs. Brewer use the $55,000 to pay
Mr. Lee $7,000 cash and use remainder to pay 10% on shares
and collect the money for these shares from the Peking
purchasers and give Mr. Lee benefit of the 10% and the
Bank benefit of the ninty per cent when collected by her.
Yours faithfully,
(sd). P.C.Leo.