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NEGOCIOS Y COMISIONES, S. A. REPRESENTANTES DE COMPANIAS DE SEQUIROS Y FIANZAS CABLE: NEGCOMSA-MEXICO AV.INSURGENTES NO 37 ESQ.HAMBURG DESP.101 APARTADO 9539 14-45-44 36-51-05 TELS. 14-45-02 36-51-41 MEXICO 6, D.F. July 22, 1955 Compania Mexicana de Aviacion, S.A. Balderas No. 36. Mexico, D.F. Gentlemen: In connection with the renewal of your Aircraft Insurances as of July 23rd. we are very happy to report a substantial saving on your hull insurance. The following comparison of current rate and premium with the renewal proposal is based on a fleet value of Dls. 8,310,000.00 Current rate - 4.90 % Proposed rate - 4.16 % Current Premium - $ 417,200.00 Dls. Proposed Premium - 345,600.00 Dls. Saving - 71,500,00 Dls. Underwriters have made no change in the liablility rates for two reasons: 1.- The current rate is practically at the minimum, and 2.-They expect to assume the obligations of the Communications Law for passenger liability on International operations, without additional charge. Therefore the cost of this coverage which you are now paying under the Atlas policy can be considered as a saving under passenger liability. An additional financial benefit to you results from the following amendments to conditions in your hull policy: I.- The depreciation clause is eliminated so that at all times during the policy period you would collect the full declared value on any aircraft, which sustained a total loss. II.- The lay-up clause is greatly improved by changing the 30 day deductible to a 30 day franchise. You will be entitled to premium credit from the first day if an aircraft is ##