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INTER-OFFICE LETTER FOR MR. I. i. em ner DATE July 2, 1954 SUBJECT Imperial Bank & Trust Oompany 3-49 1M 48037 WRITE ON BUT ONE SUBJECT TO BE USED BY ALL OFFICERS OR DEPARTMENT ON THIS SHEET HEADS FOR INTER-OFFICE CORRESPONDENCE Mr. James just called about the local bank's loan to Imperial and we were wondering if you might wish us to ta]k to J. A. Phillipst men and request showing this accormmodati n loan under accounts payable. It would have been rather easy to pay this note but I felt that we should give the bank the opportunity of earning enough interest on this loan to justify their interest in assisting us. In any event , if you will let me know how you wish this handled, I am sure we can get the co-operation of our public accountantants. Personally, I do not anticipate any unfavorable reaction even if notice of this local borrowing is taken by our banking friends. Respectfully yours, c rTLJndre, cc Mr. T. L. James