Home  / PP/18/1/1/10 - [Letter, Graham Reid to Jack Pritchard, 12/12/35]

PP/18/1/1/10 - [Letter, Graham Reid to Jack Pritchard, 12/12/35]

Reference code
PP/18/1/1/10
Level of description
Item
Title
[Letter, Graham Reid to Jack Pritchard, 12/12/35]
Date/s
1935
Quantity & Format
1 leaf Letters (typescript)
Creator
Reid, Graham
Creator
Pritchard, John Craven,
Administrative/Biographical history
recipient
Scope and content
Reid says that Venesta's directors think that Pritchard's financial proposals made in his last letter [PP/18/1/1/9] are too inadequate to warrant Venesta's involvement. Venesta will put up £1000 if it believes other financial backing is available. Pritchard's estimate of £3000 appears to be too samall. Venesta would envisage the new company requiring £7000 or £8000 to begin trading. Venesta will invest a maximum of £1000 as long as there are five other backers subscribing a minimum of £250 each.
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