January–April 1954

Notes:

A. The Curium Excavations Account in the Ottoman Bank, Limassol, (a separate account from GHMcF's personal account (Item 5, above) had £906-8-6 at the time of George's death. Mr. Hill found that this account owed George at that time £255-11-4 for expenses properly chargeable to the excavations which George had paid off by the payment of George's outstanding personal bills here and by paying the cost of the maintenance of his animals up to the time they were sold. According to our books, on October 31, 1953, when we closed the personal account owed the estate then £108-12-3 ($304.10). In accordance with instructions that no further bills were to be paid, I was issued instructions to settle this account with Sir Panayotis and then by Sir Panayotis (and then by Sir Panayotis) in September. I assume that bills for the maintenance of the animals issued instructions by us on behalf of the estate after 1 July 1953. Informed of this, the estate of the animals sold by the estate after 1 July will be accepted for payment

B. Mosaic Account: In November, 1952, George asked for £200 from the Museum for the excavation of mosaics in the area adjoining the Curium bluff, with the idea that if Achilles mosaic on Curium was found it would be possible another figured mosaic were found to obtain one for the Museum. The Board appropriated this sum and it was sent to George in January, 1953, he deposited it in the Curium Excavations Account (Jan. 29: £196-12-2 (= £200 less handling charges). This fund, then, is included in the Curium Excavations Account, Item #2 above, at the time of George's death, and was used along with the rest of this account by Mr. Hill and Mr. Last for expenses incurred between the time of George's death and my arrival, Sep. 6, 1953. Obviously the Mosaic Account does not concern the estate at all. If we wish to carry out the project the funds for it must come out of the balance available to us (page 3).

C. Purchase of items of furniture & equipment at Episkopi adjudged to belong to GHMcF's personal estate These items are listed on a 3 page list, a copy of which was sent to FR, entitled "Estate in Cyprus of George H. McFadden. Articles to be purchased from the estate by the University Museum of Philadelphia, Pennsylvania." the total value of these items was listed as £1285-13-0 (ca. $3599.86). The Estate in Philadelphia is advancing us ($H0,000 - charity possible) our purchase of these items. (Letter FR to GHS, 10 Dec 52: "...I have a copy of a letter from Mr. Ewing to the Girard Bank asking them to transfer to us about $3,500.00 additional to cover the cost of these items..."

The Estate in Cyprus will have to receive credit for this amount, since the property purchased is in Cyprus, is part of GHMcF's Cypriote estate, and is subject to Cypriote inheritance taxes. I recommend (as suggested by Sir Panayotis) … continues