Dear Sir,—Referring to the negotiations which have been passing between this Company and yourself, through our mutual friend Mr. Stewart, and to an intimation received by telegram that you are prepared to accept the General Management of this Company, at a salary of £1500 per annum, for the period of three years certain, I am instructed by the Directors to state that they have appointed you to the office on these terms, and they hope you will be able to arrange to assume your management with the least possible delay, as the wool season is about commencing.

As previously intimated through Mr. Stewart, the Directors are willing to defray the necessary travelling expenses of yourself and family from Melbourne to Christchurch.

A complete and detailed agreement to be entered into when the Directors have the pleasure of seeing you in Christchurch.

Trusting to see you on a very early day, and requesting that you will afford the earliest information by telegraph of your movements,