To the Editor of the "Nomru-Cunxa Dany News"
'Smt have read with interest Mr, Pennett's reply to my letter ct] December 4, but I am afraid T must disappoint him. You, sir, 1 am sure, would be unable to' spare me. the! space necessary to explain the various matters which Mr. Bennett. confesses the is unable to understand, but in any] case it i quite unnecessary to 20 chasing. wills-o'-the-wisps The point at issue is what should the done when an established company has ost" part of its capital. Should] the company recognize the situation by writing down its assets _and abilities, oF is it reasonable to expect that the loss would be automatically] made good somehow and by some body through the provision of the! "purchasing power?"
As regards Mr. Pennett's mental condition, I hope I may without offence assure him that I do not consider any argument of mine is necessary to restore him to perfect sanity. If he is disappointed with the Tength of my sentences, I can only point out that I am not so. practise a contributor as he to your cor-Fespondence columns.
Text read from the printed page and cleaned; old type leaves the occasional error.