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NATIONAL ASSOCIATION OF BROADCASTERS NATIONAL PRESS BUILDING WASHINGTON, D. G.
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April 22, 1932
American Society of Compoeers Authors & Riblishers 1501 Broadway New York City
Attention of Mr. E. C. Mills
General Nanaiger
Dear Sirs!
This is to acknowledge receipt of your notification of April 20 announcing that you have deferred the effective date of new rates for broadcasting stations until September 1, 1932, unless, in the meantime, committees representing the NAB and ASCAP, respect¬ ively, can agree upon other ratps or upon another effective date.
We are accepting this notification with the under¬ standing, which I am sure is already clear to all of us, that this does not commit the broadcasters to accept "the new rates", by which we understand you mean the rates announced in your letter of April 11, 1932, but merely meens that if you ^nd wp shall fpil to reach an pgreement on or before th^t date, your demand is then uoon us for acceptance or rejection, or for such other action as ™e may wish to take. Meantime we understand that all stations are to be entitled to have their licenses continupd at the present rates until Seotember 1, unless in the meantime committees represanting NAB and ASCAP respectively, do agree upon other rates or upon another ef¬ fective date.
We wish to ad;! that we are entering these negotiations imbued with a strong hope that we shall at last and finally find a mutually satisfactory working basis so that we may all cooperate to the sound fostering of American music in the interest of the public as well ag in the interest of ourselves.
Very truly yours,