Clarifying past royalty agreements and how royalty rate was tied to price. Proposes $50 advance instead of $100. Morrison's response on back: requests 3 cent uniform royalty regardless of price. Asking for a list of songs that Ponds owns that expire that year and asks that Pond reenter them for copyright in Jane and Marion's names. Suggests it would be great for them to issue a cheap volume of Foster's melodies.