Woolf responds to Bradley's previous letter and informs him of his inaccuracies stating he has continued to pay Bunin 10% of royalties every year of all copies sold. He explains that his letters to Bunin have been returned with 'address unknown' and after making further enquiries could not locate Bunin, having to destroy a cheque. Woolf explains that he later discovered Bunin's whereabouts and sent £5. He admonishes Bradley for his tone and disagrees there should be any objection from Bunin, as the previous arrangement of 10% royalty payments should stand as it did with the 1st edition.

Typescript letter initialled by Woolf