June 12th, 194

 

-§ if i sist
i tt He 1 dis

EA Ar 2%
iit zi!

uit :

Fe Hy
f i ee

£23 it
7

iE ; 3 i i
ig a BELG! AE

in reclaiming

r@ should the olub deside to go bask

ef such @ procedure would be tremendous
ty was
cd
te
te ask
the
never
oomtri

(ia sie id Gi

ite eapital indebtedness, then that.

and

S8ill emother proposition was to borrow this amount of money

% to the total indebtednesa. /ny businese nem can see that this
aaa the worth of our club. When a corporation or a club pays

by .

23%
uh