Much of the correspondence is between Pilley and W Strachan from the University's accountancy department. Topics include investments the Trust has made; payment of prizes to students; payment of bills and claims; and the Trust's proposal to switch some of their holdings from Trustee stocks to equities, which includes an explanatory letter from the British Linen Bank.

Also includes letters from University of London Press Ltd regarding the decline in test sales, and state of accounts from the Godfrey Thomson Research Fund.

Some correspondence regards the work done by individual employees and payment they should receive for this.