Following on from yesterday’s blog which showed a draft document my great grandfather had put together, this is another outline with updated figures. You can read the sums for yourself, but the main text reads:
If you can keep up the trade equal to last year, without marking goods at higher profits and then deduct £650 which myself and Florrie will draw, you have over £2000 profits between you, so that whatever happens in the future you will still have by far the largest share of the business, and leave a large margin for any decline. This is Absolutely Private.
It is known that the transfer of the business took place early in 1921, so it assumed that this and the previous draft proposals were drawn up in 1920.