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upr000134-050
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I agree.V Lae Vegas, Nevada January 7, 1926. Pile W-29-1 Mr.C,C.Barry, , Auditor, Los Angeles, California. Dear Sir; Beplying to your letter LV-46 of January 4, regarding taxes on cottages sold under "Lease with Privilege of Purchase": Tne method of handling such taxes that is simplest and most satisfactory to all concerned is to have them paid by the Company and charged to the purchasers* accounts either from the voucher or, by bill collectible against Sundry Persons. These obligations should then be satisfied from the next payroll deduction list or the Form 6 before the?re is any further credit made to "Deferred Collections on Bales of Beal Estate." houses that they have the right, or the privilege, at any time to make payments in addition to the monthly payroll deduction. Whether fen the manner outlined above it will leave us free to report extra It is quite commonly known by all employees purchasing payments as- reductions of principal, altho such payments may have been intended for taxes. Yours truly Walter R. Bracken, ? Vice President and Agent. s \