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[[MS 2750/255/77]]
Dr. Norman Leys,
Brailsford,
near Derby.
August 6th 1925.
Dear Sir,
Mr. Woolf has asked me to answer your letter of August 4th.
The expenditure on the 2nd edition of KENYA amounts in all (including advertising and our commission) is £160. Deducting the profits of £71 on the 1st edition, there remains an adverse balance of £89. Supposing another 300 copies of the 2nd edition are sold (i.e. 500 in all) the receipts on them should amount to £250. Therefore there would be a net profit of £161.
Yours faithfully | THE HOGARTH PRESS | Manager