February 235, 1940.

you definitely wat? I doubt if the individwils
two to be paid for will vemt them if there is nothing

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I agree with you that when the interest is on the upgrade
is the time to capitalize. So from Merch first on we will put on .

. I want you to know tint we very much eppresiate the fine
cooperation that you are giving our IeCeAsis build-ups ae

Very cordially yours,

Director of Physical Education and Recreation,