The author to receive one-half of the profits of each edition; these profits to be ascertained by deducting the paper and printing from the proceeds of the book sold at sale price; the publishers to be at the whole of the expense of advertising.2.The property of the book to be the publishers', who were to print such editions as they chose.3.

The only condition upon which the author would agree to these terms is, that the publisher should take L600 of John Ballantyne's stock, selected from the list annexed, deducting 25 per cent, from the affixed sale prices.
4.

If these terms are agreed to, the stock to the above amount to be immediately delivered, and a bill granted at twelve months.5.That in the course of six or eight weeks, J.B.expected to be able to put into my hands the first two volumes printed, and that if on perusal we did not like the bargain, we should be at liberty to give it up.

This he considered to be most unlikely; but if it should be the case, he would bind himself to repay or redeliver the bill on the books being returned.
6.

That the edition, consisting of 2,000 copies, should be printed and ready for delivery by the 1st of October next.
I have thus stated to you as nearly as I can the substance of what passed.