Letter from J.P. to W.P.G. stating that the question raised by the purchaser as to...

Letter from J.P. to W.P.G. stating that the question raised by the purchaser as to his not being liable for the debts as they stood on 2 June is waived. In addition, in about the middle of May the purchasers asked for detailed particulars of the Book-debts, a statement of which is enclosed, showing the surplus to be £2661.5.10. His offer of 2 June was based upon that. He also encloses a statement of 3 June showing a net result close to that of 2 June. However this result is obtained by the introduction of "cash in hand, Coalport & London", the result of the receipts on account of Book-debts during the intervening period. Thus Mr Bruff claims to have the benefit of this. The settlement of the question alone delays completion.