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enclosed to Kennedy, as per memorandum herein, which after reading kindly hand Kennedy.

I do not expect to purchase anything more of consequence until I reach Cairo. But negotiations are now in progress to sell to me the famous Nocturne "Valpariso" by Whistler, now in the McCullough Collection. They asked £6000 - fell to £4.500. I have offered £3.000 - Should they accept my offer they must have the cash here on July 12th in the hands of Wallis & Son who are acting as agent