107294

Re Brown, Shipley & Co. Ltd.

Lock has heard from Brown, Shipley's solicitors. In his previous letter he had outlined the facts of their dispute and requested the delivery of certificates for the American securities. Brown, Shipley's solicitors state that they cannot deliver the securities and deny legal liability.

Lock informs Edith, quoting Brown, Shipley's letter, "'accordingly,' this letter continues, 'in order to dispose of this matter on a basis which will preserve the amicable relations which, we believe, subsist between our respective clients, our clients are prepared to offer to pay the Countess Russell £1,000, which is a sum in excess of the total spendable income which she would have derived from the five securities in question during the relevant period.' They conclude by stating that this offer is not to be considered open to negotiation and that it is made 'on the basis that its acceptance would be in full satisfaction of all claims which Countess Russell may have against our clients.'"

Lock feels this offer should be accepted.

There is an additional page stating that Mr. Tylor and Lock feel the settlement offer should be accepted, and asks for Edith's instructions. Edith noted at the top: "Ans. Please arrange acceptance of Brown, Shipley's offer of £1000."