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NEWLANDS CORNER,
MERHOW DOWNS,
GUILDFORD.

16th November, 1920.

My dear Buchan,

I am still in bed with a beast of a cold, but am getting
better. I can't tell you how disappointed we both are at not coming
to you, but hope we shall manage it later. My wife, however, has got
that in hand, so I won't invite muddles by saying any more, especially
as this letter will probably be a cross.

I merely write to ask whether I sent you a little statement,
as I meant to, summarising the Spectator profits for the last 7 or
8 years. If so, would you mind sending it back to me as there is
something I want to refer to in it? I must send you, when I am up
again, a copy of some very interesting figures I have had worked out
as to the effect of our rise in price. In the half-year that rise
has paid all the heavy extra rise in printing and paper and left us
with an increased revenue at the rate of £1200 a year. People seem
very pleased with the paper just now.
Yours very sincerely,

J. St. Loe Strachey
P.C.ME.

J. Buchan Esq.,
Elsfield Manor,
Oxford.
P.S. I do most sincerely congratulate
you on the Grenfell book. It is a really
masterly piece of biography.