Less busy than he was when Smith was recently staying and going to London tomorrow to switch from bankers Sir J Erdaile and Co. to Jones Loyd and Co. He has been entertaining the Archdukes John [Johann (1782-1859)] and Lewis [Louis (1784-1864)] of Austria for last three days; comments on John's character; they are also going to Scotland and Holkham to see [Thomas William] Coke, showed them his unfinished portrait of Coke. Apologises for any anxiety he may have caused Smith recently. Asks Smith to send the 'Canna' drawings to London.

Postscript in left hand margin of verso of first folio: Mr Martin [Smith's brother-in-law] has separated from his partners.