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Rainbow Ranche Collection

Letter from J.E. McAllister to James Goldie, August 17, 1912 McAllister, J.E. Aug 17, 1912

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 o o
15   KING   STREET   WEST
TORONTO
August 17 th, 1912,
James Goldie Esq,
Q&anagaaCentref B.C.
Dear Jim,-
I have your letter of the 5th, and note that you have not yet
completed arrangements with the Bank of Commerce.    Let me know at
once if you want me to see than again here and hurry them up*
The understanding appears to be correct that we are to have
advances up to $10,000. at 6%  on our demand notes, signed by you as
representing the Rainbow Ranche Limited, but you are to have authority
from Dormer and myself for the signing of each note.    These notes
should be numbered, and if possible, in equal amounts of say f1.000.<
so that we will be able to easily keep track of our obligation.
The ra.te of exchange was not actually agreed upon here, but in no case
would it be more than one-eighth, and I hope you will be able to get a
tenth.
When are you going to send me some financial statements?
I am going to Hew York to-morrow night, but will be back
here by the latter part of next week, say about the 23rd,
With best wishes.
Yours very truly,
je/t

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