Letter from W.L. Raynes, Clerk to the Trust, to C.A. Storey to inform him that the £600 5% Deb. Stock of the Realisation and Debenture Corporation of Scotland has been redeemed at a premium of 5% and that he has been authorised to purchase £600 Omnium Investment Trust 4 12% Deb. Stock. He encloses a cheque for Storey's signature.

Letter from W.L. Raynes, Clerk to the Trust, to C.A. Storey to enclose a copy of a letter from Professor Nicholson, written with difficulty due to poor eyesight, in which he resigns from the Chairmanship of the Trust. He proposes that Storey be Acting Chairman until a Meeting can be arranged. The copy of the letter from Nicholson is also present in which he explains his health issues regarding his eyesight and attack of pneumonia. He lacks physical strength and needs to live in Nursing or Convalescent Homes. He thanks Raynes for all he has done.

Letter from W.L. Raynes, Clerk to the Trust, to C.A. Storey to inform him that a large amount of cash is in the Bank account and that he had suggested to Nicholson that £500 of this should be placed in the Trustees Savings Bank or used to purchase 3% Redemption Stock. With Levy in Turkey, Raynes suggest that the stock be put in Nicholson's and Storey's names. He also mentions the sorting of publication stock.

Letter from W.L. Raynes, Clerk to the Trust, to C.A. Storey to inform Storey that he has retrieved the copy Minute Book from the Administrator of Ellis' estate (see GMT/2/2/22). He also informs Storey that Ellis' library has not gone to the States. Ellis' nephew is asking for help in the valuation and the separation of manuscripts from books.