The managers have declined Smith's proposal for additions to his lectures on account of not being within their finances, but have resolved to pay Smith £5 for any additional lectures, limited to 4.

[Smith noted his reply on recto of first folio]: Accepts the terms and will prepare to give 12 or 14 lectures, requests that they be on Tuesday and Wednesdays.

Very rough sketch, in pencil, of horse and part of carriage, on recto of second folio.