The board of directors of our company has recently authorized a change in
our purchasing procedures. Hereafter each of the purchasing executives in the
several plants of the company will notify the vice president in charge of purchasing
of all contracts in excess of $10,000 which they are negotiating at least a week in
advance of the date on which they are to be signed.
I am sure that you will understand that this step is necessary to coordinate
the purchasing requirements of the company in these times when we are facing
increasing difficulty in securing essential supplies. This procedure should give us in