7/23 In the meantime, this is a draft of our constitution. I must state that we could have kept all the profit if we had borrowed the money we need, but we should have had to pay high interest. On the whole, it seemed better to float a small company; just large enough, in fact, to get the protection the law allows a registered joint-stock body. We find we can get the money easier in this way, and it divides the risk. You will see that a large block of shares is reserved for yourself and your brother; I take some in payment for the men and supplies I am sending Thirlwell; and a number will be allotted at about ninety, to the people who find the cash." Agatha studied the document and gave it to George. |