We started with but ir. Emrick, advising it not the to to state wouldbe the thought that it was desirable of Seholefield, Welle and Baxter, company make the on the general transfer until his reasons further to the advantage of any reasons personal to fer should be earlier? of these rights anc the they can be adopted and tax situation, January. tuan the to do that, who sre : I shall has not advised attempt to say that he thinks it company to do seo. Are there Ere. Olsen which suggest that the transThe resolution directing the assignment assignment have been prepared, so that executed any day the directors can get tegether. As you have suggested, agreement, deferred long that recommend the es rar 60 time, same May 1 Le@tal the & the entire add that i if the trensfer to be completed your trustees virtue of her ownership obligetion to nay would that represent such income income of this transfers to tax her, on stock. I might $0 if at cannot why Srs. Olsen should not to her under the royalty trusts,toa be paid to those trustees. That would be true as to any other benefits she may hereafter probability he Can I strongly though should transaction legally be made, I know of no reason cause payments, which may become due concerned, Ye) be necessary, may as it the formulation of the trust aspects not much she of were do not relieve the to surely alse receive by overlook her payments réceive of the the as them. Iam sending this special delivery so that it will reach you by the day after Christmas. We will e11 appreciate it if you will give the matter the earliest possible attention anc communicate withus as soon 4s you can. fe wish you all a hapny Christmas Yours and a prosperous truly, THATCHER & YOUNG ADT + T SPECZTAL Roy DELIVERY BD, Thatcher