Davies tells BR, "Your recollection has been a trifle too accurate in leading you to say that you are bound to offer Withers £300 a year for the house when your lease expires in 1937, but he is not bound to accept it." Davies quotes a letter Withers wrote to him saying, "... as far as I can see, there is no reason why I should not renew the lease when the time comes", to which Davies responded, and quotes, "Bertie understands that the position will be that he expects to make an offer to renew the lease in 1937 and you expect to agree, but that neither party is bound."

Davies goes on to discuss the deed of assignment, and whether or not BR will renew Telegraph House's lease in 1937.

There is a handwritten note from Davies saying "I enclose a copy of a letter of 14 February from Withers about the packet of letters. If you will send me the particulars he asks for you I will get him to beard the Duke" (see document .133561, record 115563).