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September 19th 1919.

Katharine and I have this day investigated into the Yue purchases, and everything necessary to date has already been done.

We have purchased from him as follows:-

55 pieces of jade, | $13,135.00

23 pieces of bronze and other metal, | 9,475.00

20 pieces of pottery, | 8,900.00

55 paintings for S.I. | 44,350.00

1 painting for K.N.R. | 250.00

6 paintings sold to Mrs Havemeyer and Mrs Meyer, | [[underline]] 3,570.00

Total amount due Mr Yue on the lot, | $79,680.00

On account of these purchases we have remitted partial payment to Mr Yue:-

On August 30th 1919/
     the Guaranty Trust Co sent by cable to the credit of Mr Yue, through the Asia Banking Corporation, Shanghai, the sum of | [[underline]] $`10,000.00

which, deducted from the total amount leaves a balance due him today, of | $69,680.00

He has also asked for additional payment of $10,000.00, but as there is still some confusion as to whether he had received the first $10,000.00, when asking for the second, - we are in correspondence with him about the matter.  Therefore as matters now stand, we still owe Mr Yue, - -- - -- - | $69,680.00

^[[OK -->  Edward Kemp
           Percy R Donovan
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