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-Page II- Allow me to point out certain other points relative to the above which probably have not occurred to you:- I. I don't know whether you are aware that in New York City there exists 2% City Sales Tax on everything that is sold. The only exceptions to this law would be such institutions as the Metropolitan Museum which are tax-free institutions, but in the case of certain other institutions as well as individuals, a 2% City Sales Tax would have to be added on every sale. Naturally, this sales tax would appear on all invoices and would form part of the bill, and it is rather impractical to think, even from a bookkeeping angle, that the total check, including this sales tax, should be forwarded to you because in reality we are forced to pay it in turn to the City government. II. In case there should be any query in your mind regarding the bills and the sums received, may I say that I would be only too pleased to not only send you a confirmation of every sale concluded, but also to send you copies of the original invoices as billed to the different institutions or individuals. III. I and my firm will furthermore gladly guarantee that the sums will be turned over to you or to any account designated by you immediately as soon as these sums shall have been received; and as regards the guarantee of these sums, it would seem reasonable that this firm's signature should appease you and have a greater influence than perhaps my own personal signature. IV. May I also point out that from a purely legal point of view, any letter which I or my firm has written you or should write you, would be just as binding as any formal contract drawn up between us, and that the "comprehensive and detailed agreement which would have to be drawn up between myself and the financially responsible party" would really be a relatively simple matter which I am sure could be covered in one paragraph in a letter, stipulating or, repeating if you like, the points which I have outlined above regarding the forwarding of sums to you in full payment as soon as these sums shall have been received by us. I refer you again to my last letter in which I pointed out that we have handled many millions of dollars worth of objects in the past on exactly the above basis, and in many cases, I might add, there was only the simplest sort of agreement between ourselves and the part whose account we were handling. You might also be interested to know that we have been asked to act as agents and sell for their account a very important painting which belongs to one of the leading museums in this city, and that with the exception of an accompanying letter, all agreements have been verbal with this institution. I do hope that this letter will clear up the remaining doubt in your mind, and that the problem is not presenting itself in too complicating a fashion. I personally feel quite confident that not only will this whole t.s.v.p