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August 30, 1951

Dear Sirs:

We wish to acknowledge receipt of your letter of August 1, 1951, enclosing your check on J.P.Morgan & Co., Inc., New York, in the sum of $19.17 (Nineteen 17/100 dollars) being in full payment of our invoice dated June 30, 1951, addressed to Mr. Jean Davray c/o Société des Nouveaux Immeubles, 29 Quai du Mont Blanc, Genève.

Please excuse the delay in our answer, which is due to our Galleries' having been closed as usual for the month of August.

Thanking you,

Yours very truly,
JACQUES SELIGMANN & CO., INC.

(O. A. Liechti)

Pictet & Cie.
Geneva, Switzerland

TP
GS