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"Terms of payment £250 down on receipt of contract. £750 when the goods are known to be on the way. Balance in equal bills at 2 and 3 months, dated from day of delivery at Tipton Station of the lot or reasonable part thereof.
"Yours faithfully,
"(Signed)John W. Knowles,
"Manager"
"Groveland Road,
"January 16th, 1922.
"Tipton,
"Messrs. H. Andrews and R. Dawkins,
"Hay Mills,
"Birmingham."Dear Sirs,
"I hereby agree to divide all profits arising from the purchase of 160 tons of revolver ammunition as-to one-half between your good selves, the other half to be retained by me, and I agree that Mr. Martin, Accountant, of Dudley, shall have a fee of £5 5s. to audit the account in connection thereon, and, further, that his figures shall be binding.
"Yours faithfully,
"(Signed)John W. Knowles,
"Manager"
"January 18th, 1922."Mr. L. K. Knowles,
"Messrs. G. H. Yates, Ltd.,
"Groveland Road,
"Tipton."Dear Sirs,
"We are in receipt of your letter of the 16th inst., regarding the small Ammunition, and agree to your proposition as regards the division of the profit on this deal.
"It is understood that this material shall be delivered to your works, and you will break this down, and obtain the best possible prices for the resultant material, and you will keep Mr. Martin informed of the whole transaction.
"We are also prepared to take from you 20 tons of the lead in ingot form at £22 (Twenty-two pounds) per ton, delivered our works.
"Yours faithfully,
