CO129-535-5 N.I. Brewer- transcript of trial and evidence 1-1-1929 - 31-12-1931 — Page 183

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.