Translations:CP 02915/33/en
Among so many thoughts that I want to share with you (and I also really want to know your impressions, your thoughts) it pains me to ask you a business question, which in any case can only be an irritation for you, a simple request for advice. My excuse for talking to you about business matters is that if you recall last summer I had a considerable “balance” come to term and a loan against securities and you can imagine what has come of it all since the war and in what difficulties it might be. You might perhaps be able to give me some good advice about a few of them. But it would take too long to explain and anyway at this moment we don’t really have the heart to talk about all that, our minds are much more on other things. The only advice I would like to get from you and that you have already obtained for me once but in a vague, non-committal way, just like Maison Mirabaud[1] would have given to a man on the street, concerns Doubowaïa Balka. I would like to know if their value, which has gone down considerably from the rate at which I bought them, shortly before the division of shares, is considered by Maison Mirabau[2] as excellent value, destined to regain the rates that it had before (I’m not saying the rate it was at before the war and which was already lower than many) or if on the other hand it would be wise to sacrifice them. In fact I bought it with a loan on securities[3], which is to say that it cost me 7% in interest, without bringing me anything. If their rates are sure to rise to any great extent it could be worth the trouble of persisting with them. I would welcome it if the Maison Mirabaud could give you precise details in this regard[4].