Document reB4rokkVxxrgR1JDp2O2244v

PRIVATE HO* 219* | 28th. December, 1949* The Acting Manager, 9 Australian Bin* Asbestos Ltd** wmgrooMqoeow* Dear Sir, * PTHANCg* We hare arranged with The C*S*R Co* Ltd* this day for & further loan of 12,000 to be paid by their Perth Office as and when required by you, this amount representing 17,000 for the four weeks ending the 24th January, 1950, less 5,000 already paid* With regard to your proposal that the Perth Office of The C*8*R* Co* Ltd* be authorised to provide finance up to a total rate of 20,000 per four weeks during 1950, we would prefer to con tinue to supply each four weeks according to your estimated requirements, which will be shown in your four weekly reports* 9 in. order to keep within the limits cf cur es timated expenditure for next-year it will be necessary as yofc know, to praetles the strictest sconoay and to keep a con stant check on the amount expended to date* The average monthly advance by The C*S*R* Co* Ltd* will need to be con 9 siderably less than 20,000 per four weeks the amount shown in ycur report, ss this figures includes expenditure on Hired Plant and repayment of The C*S*R* Co* Ltd*'* loan*ac count etc* voumm. r* We forward herewith a copy of the Minautes of the Directors' Meeting held In Sydney to-day* fours faithfully. 4. Managing Director*