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with dividends the July 1st. These figures do not
include the sum of £1.260 to be paid D Kelekian on
January 1st 1910

P.S. 
There is a possibility of my requiring £3.000 about July 10th to pay Wallis & Son for the Nocturne "Valpariso" of the McCullough Colln. for which I have made the above offer.

(Mr Kennedy has taken memo of above)