The Pamphlet Collection of Sir Robert Stout: Volume 84
12, Earls Court Square, September 17th, 1884
12,
Earls Court Square
,September 17th, 1884.
My Dear Sir,
Re Directors' Fees.
You are seemingly labouring under some mistake. The Directors' fees are a debt under seal and take priority over ordinary debts due by the Company. By the Articles of Association the Directors are entitled to £3,000 a year.
So far as I know, Sir Julius Vogel never relinquished his own or his Co-directors' fees, and speaking for myself alone, I never authorized him to relinquish my claim on the Company. I shall be glad to receive a cheque for the amount due to me.
Yours,
(Signed) Howard Spensley.
Chas. Curtoys
, Esq. Secretary, Consolidated Telephone Company, Limited.