October 26, 1944.

Mr. Raymond Nichols,
Chancellor's Office.

Dear Ray:

Your explanation regarding the deposits are entirely
satisfactory. You are correct in regard to the chlorinator.
I told the budget committee that our mainteneses funds were
euple to take care of the expenditure, and they were.

I have never been interested in having a large balance,
nor have i been interested in spending the money just because

fhe fact that our actual balance on June 30 is roughly
$500 is entirely satisfactory. If it is possible to make the
transfer for towel service to the V-12 program on a quarterly
basis we prefer this arrangement. This will allow us to keep
in balance without "CR's" showing on our ledger sheet.

Very sincerely yours,.

Direotor of Physical Bducation,
Varsity Basketball Coach.