Translations:CP 03100/14/en
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- ↑ In 1912 Proust had obtained an advance of 218,000 francs from the Crédit industriel et commercial, upon which he was paying 8% annual interest (Gian Balsamo, Proust and his Banker: In Search of Time Squandered, Columbia, South Carolina, The University of South Carolina Press, 2017, p. 38). In his letter of 17 May 1916 Hauser announced that he had found another establishment prepared to accept a transfer of this debt at a more advantageous rate of interest of 5% (CP 03099; Kolb, XV, no. 35). For the moment he did not disclose the name of the bank and only revealed it once the transaction was completed (CP 03123; Kolb, XV, no. 59). [FP]