Document qd0eYXRaMkoppZxaqQobavg15

Q t~ c , Auanm&a (Hopper iUimttij (dnmpang 25 Srnaimag Nm ?orfe September 2S, 193 International Smelting and Refining Goss;any, 5 Broadway, Hew York, H. Y. Gentlemen: The undersigned, Anaconda Copperjlining Company, la the owner of all the outstanding atook of Anaconda Lead Products Company, consisting of 13,650 shares of the par value of ;60 per share. Attached hereto Is a balance sheet of.said Anaocnda Load Products Company as of August 31, 1636, which correctly seta forth all of the aaaots and liabilities of said Company as of said date. Slnoe the date of said balanoe sheet there have been no changes in said aaaeta and liabilities except In the norrfcl and ordinary course of business, and the net worth of said Cpsr-y as shown on said balance sheet la substantially the sane as the date hereof. The undersigned hereby offers to sell and transfer to you the said 13,65 chares of the atook of said Anaconda Lead Products Company in exchange for 13,500 shares of your fullypaid and non-asses cable capital atook of the par value of 75 per share. Delivery of said shares of stock of Anaconda Lead Products Company shall be made by the undersigned against the delivery to the undersigned of duly and validly Issued'certifi cates representing the aforesaid 13,500 fully-paid and non assessable shares of capital stock of your Company of the par value of $75 each. If this offer la aeeeptabla to you, kindly Indicate your acceptance hereof by affixing your signature in the specs provi ded on the duplicate copy of this letter enoloeed herewith and return the asm to the undersigned. Very truly yours, AHACCHLA CCPPEH HIKISG CCkPANY, 27 W : , C\\ , . ArrRCVIX A-T ACCEFTEI. j IliTl-SSA71 c\'AL SSELTISO AND REFIHI2JC CCHPAHY, *d '- 0 r Vies President. Vies President. PNtCO000 N11099