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for avoiding further complications cannot do so. But if he desists on directorship, I will let him subscribe [[underlined]] 5000£ [[/underlined]] with the provision that am willing to [[underlined]] buy back at cost his stock anytime within 3 years. [[/underlined]] This to cease the day a directorship is offered to him. 
[[strikethrough]] He accepts my conditions. [[/strikethrough]]
Furthermore the 1800£ liability reduced to half includes the 500£ cash he is to receive. In other words, [[strikethrough]] 43£ [[/strikethrough]] 
436£ [[underlined]] go to Moldensite [[/underlined]] and 500£ to him personally. - [[underlined]] He accepts and I am glad of it. - Next comes the Pinchon & Johnson [[/underlined]] matter.
[[underlined]] Nov 15. [[/underlined]] Sent cable to New York announcing settlement with Ferguson. Then went to [[underlined]] Damard [[/underlined]] where met [[underlined]] Kingsbury [[/underlined]] who gives his opinion about proposed changes of Damard Bye-laws as arranged by Hays.  [[underlined]] Kingsbury suggests to change as little as possible and [[/underlined]]
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thinks most changes suggested are unnecessary. Also thinks we [[underlined]] better keep Damard, adding moldensite [[/underlined]] and our assets to it, then [[underlined]] simply changing name to Bakelite Limited. [[/underlined]] Luncheon at National Liberal Club. Got telegram from [[underlined]] Celine [[/underlined]] that she intends take [[underlined]] Round World trip with Mrs. Loeb and whether haves any objection. [[/underlined]] - This is [[underlined]] rather unexpected. [[/underlined]] Cabled her have no objection if she wishes it. This means being [[underlined]] away from beginning January to May. [[/underlined]] [[strikethrough]] Rather [[/strikethrough]] All afternoon with [[underlined]] Potter, Kingsbury, Bishop and [[strikethrough]] Sui [[/strikethrough]] Swinburne. [[/underlined]] Tomorrow shall meet P&J representative with [[underlined]] Kingsbury. [[/underlined]] Drew 300$ on my letter of credit.
[[underlined]] Nov. 16 Met Ferguson at Bishops. [[/underlined]] [[strikethrough]] Then came Perkins discussing method of legal transfer etc. [[/strikethrough]] ^[[Then Press Club with Kingsbury.]]  
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Press Club in old quarter of London reminds of Coffee House Club in New York. Simple & cozy. [[/vertical annotation]]
Then with [[underlined]] Bishop to Bankers Trust Co. [[/underlined]] where very friendly reception. Cabled to NY transfer necessary cash for paying [[underlined]] Moldensite. [[/underlined]] [[strikethrough]] Then lunch with Perkins [[/strikethrough]]