Letter from D. Dale to Henry Pease

Darlington
June 27 1873

JOSEPH PEASE & PARTNERS
My dear Sir

I have your note from York

I write this in case I don’t see you tomorrow, having to leave for Newcastle at 10.18 --- the profits for the year ending on Monday next may be estimated thus
£
Six months ended Decr. 31st 189,153
Five months ended May 31 225,651
This month June say 55,196
_______
Total for the year £ 470,000
_______

[Page 2]
£
Profit withdrawn in December & April 210,000
Profits to be now withdrawn 190,000

Making a total withdrawn for the year to 400,000

To pay this £190,000 we must discount our [illegible] & overdraw our a/c about £40,000 but this will be now recovered & we can probably afford to make a further division of profits at the end of

[Page 3]

September notwithstanding its capital outlay going on at [illegible] & at its various groups if [illegible]

[illegible] me approving such a distribution as is indicated above & having your concurrence I will give effect to it on Monday.

Yours faithfully
D [illegible] Dale


Henry Pease Esq