Eliot is writing to his bank to send the Plenty debentures to the company and is sending a cheque. He sent a cheque to BR as well. Vivien is now in Paris. He refers to BR's distinction between theological speculation and propaganda; "But even in propaganda I don't see a place for bad reasons. But perhaps what I dislike is the corpse of Protestantism passing down the river." Written by Eliot at the top is: "Sent money to your account". Eliot refers to Soddy's Wealth, Virtual Wealth and Debt.