stefansson-wrangel-09-36-015

The STEFANSSON ARCTIC EXPLORATION AND DEVELOPMENT COMPANY LIMITED

|HEAD OFFICE| VILIJALMUR STEFANSSON|CREDIT FONCIER BUILDING|A. J. TAYLOR PRESIDENT|VANCOUVER, B. C.|VICE PRESIDENT

Dec. 12th, 1921.

V. Stefansson, Esq., c/o American Geographical Society, Broadway at 156th Street, New York, U.S.A.

Dear Mr. Stefansson,

Enclosed please find copy of Trial Balance for November, also Statement of Operations to the 30th of November.

There are only a few changes from last month’s statement, which is shown in the Operating Statement. The expenses for November amount to $499.23. The amount of $75.23 really covered October and November business, such as telegrams, etc., but this was not paid until November.

The item of Stationery and Office Supplies - $74.20 - is for the new letterheads and envelopes, a box of which was forwarded to you.

The item of Salary Account, $300.00, covers the following

A. R. Crawford|...|...|$ 150.00 E. Lorne Knight|...|...|50.00 F. W. Maurer|...|...|50.00 Ada Blackjack|...|...|50.00

		$ 300.00

Each month I apply $50.00 of Crawford’s salary to his Shares account. To knight I have not yet paid anything, as he still owes $240.00, being the amount overdrawn for his salary to the end of November. As soon as this is paid off by applying his salary each month, I will then credit his salary to his Shares account to pay for the Share for which he has subscribed.

V. Stefansson, Esq. -2- Dec.12/21.

I did not transfer to Nome this month Ada Blackjack’s salary as it is very costly, there being no mail to Nome, and it has to be telegraphed. I will therefore hold it for a month or two, and then transfer , unless you know of any reason why it should be telegraphed each month.

Yours faithfully, (signed)John Anderson

JA:W