stefansson-wrangel-09-36-015-001

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 over-
drawn 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.