Page No. 4, we started with the thought that it was desirable but Er. Emrick, of Seholefield, Wells and Baxter, advising the company on the general tax situation, to do that 3 who are has advised to thinks it not to atate woule make his be the transfer until January. further than of to the company reasons to the advantage any reasons personal to fer should be earlier? of these rights anc the they can be adopted say I shall not that he to do the directors se. attempt it Are there ure. Olsen which suggest that the trans~ The resolution directing the assignment assignment have been prepared, so that and executed any day together, can get AS you have suggested, the formulation of the trust agreement, so far as the légsl aspects are concerned, can be deferred «9 long a8 it. may be necessary, though I strongly recommend the sane Legally that the May 1 add thet if I know ef tine, be made, ontire transaction the no should trenefer resson be completed at to your trustees cannot Olsen Ere. why should not Cause payments, which may become due to her under the royalty Theat would surely alse be paic to those trustees, trusts, to be true as to any other benefits she may hereafter receive by virtue of her ownership of this probability that such trensfers oblizgetion to pay income tax on stock. I1 do not overlook the micht not relieve her of the so mutch of the payments. es would represent if reach you imcome to her, she were receive then. i am sending thie special delivery so that it will by the day after Christmas, We will sll eppreciate it if you will give the and communicate with us matter the 48. $00n as ve a happy Wish you all earliest you can. possible Christmas and Youre ADTs | DELIVERY nae Roy bb, && YOURG YOURG Thatcher attention a »srosperous truly, THATCHER THATCHER SPECIAL to