S-a-1326 — Captain J.P. Williams – Drawings under Letter of Credit
The file records financial and administrative correspondence (1940–1942) concerning drawings under the Letter of Credit established for Captain J. P. Williams’ salvage operations. Multiple letters note the changing balance of the account, statements of total drawings to date, and accompanying receipts filed with each entry. Several communications instruct the Secretary and Governor on the status of payments and enclose relative receipts. Alongside the payment records are inter-office memoranda and formal requests for reference to the Secretary, statements from bank managers that funds have been applied and periodic summaries of cumulative drawings. The material documents the practical mechanics of financing the salvage: authorization of charges by Head Office, application of funds to operational needs, and updates on remaining credit. The correspondence provides a chronological ledger of how the Letter of Credit was drawn upon to fund the salvage work and the bank approvals and confirmations that accompanied each transaction.