1 10. Nov 15 This must be on business In regard to the Margate Ho I am glad you wrote to Ev.
In such matters involving a loss of rent of £15 yearly (is reduction of
1/3rd) I should most certainly not have taken action myself without
consultation of Ev & Rex, & also when a decision is reached I should
notify Mab, so that she may be prepared for further diminutions
of rent. My own view is that we should get Mr Bayley to
bargain for rather more eg £45 at any rate, but be prepared to
accept £40 if necessary. The fact that the tenant goes in without
requiring dilapidations to be done up is a saving of at least £10-0-0
& tho' Margate may become more popular after the war, the
Germans will see that house rents do not rise at present. There
is also the fact that houses deteriorate in the winter if unoccupied
However Ev will give his advice with which I will agree. Many thanks for the N Hummock extracts which will be
quite useful to me when I get the not record of the meeting.
This is often sent by forwarding a financial newspaper & I shall be glad
if you will send it on. In fact if you do not mind buying
one I should like a Financier sent to me once once a month either
a Tuesday or a Friday's for choice. Yes quite a good pr in accumulating £70 in October,
but I can't quite tell what this really means till I see the pass
book, as Oct is a good month & I do not know if any calls have 2
been deducted or insurance paid etc in it. Morrows then was no
rent and both our exes will be lower without hours & wages. I am quite sure however in spite of this qualified praise that the
pr has been very good, & as long as she does not think that she
is rolling in money when the balance goes up. According to our agree-
ment of not touching our pay there is still I think £150 or £200 to
be invested this year out of our temporary savings. This I would like
put in the next war loan issue if it is available, & if you do not
incur any capital expenditure such as home furniture which I am
quite ready to agree to. This month & December are both good months & also the first
15 days of January after which then are 2 lean months till the 20 March
I think. If you have not returned my pass book yet you might send it to
me, but if you have I will wait till the beginning of December to
see how a pr manages affairs! I do not want her to stint
herself & she knows it, & I know she won't do a wild Xmas
best in spite of the fact that Rubber is still bouncing. I fancy that according to our original agreement that if rubber
went up over 2/6 the surplus was to be given to a motor may
almost prove near a possibility & that if the war continues £50
may be available, but after the war I expect a pretty big
slump in prices as all the motors now being used at the front
will stop, & rich people with motors will be far fewer. I wonder
Germany has not got her substitutes yet. She still may & then it
will be a case of a very poor mangey bw & rather a thin pr !
Shan't we hate the Bosches? you don't loan the pass book about I hope WSP