Transcription:
6 Primrose Hill
March 29th
Dear Spielmann
Forgive me for not answering your letter before, but just now being my busy time I had overlooked it. I shall not be able to attend the Dinner of the Artists General Benevolent Institution but shall be happy to send you three guis. [guineas] towards the subscription. With regard to the photographing of my pictures I have made up my mind not to have them reproduced this year in any magazine. I shall, however, be very pleased to show you my work for this year if at any time you are in my neighbourhood.
Believe me
Yrs very faithfully,
J.W. Waterhouse