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July 21, 1972 Gentlemen: We are pleased to inform you that the pair Gouaches by BAUR and the watercolor by GEROME reached us today safely. We are sending you enclosed herein Banker's draft 184705 drawn on National Westminster Bank Ltd., London, in the seum of L 8.25 (Eight and 25/100 pounds sterling) in full settlement of your bill dated 7/12/72. Thanking you for your acknowledgement Yours very truly JACQUES SELIGMANN & CO., INC. (O. Porjes) Manager Messrs. C. Ramus 25, Monmouth Street London W.C. 2 England