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January 21st 1922
Messrs. L. Alavoine & Co.
712 Fifth Avenue
New York.

Dear Sirs,-
In accordance with our conversation over the telephone of to-day, our Mr. Germain Seligmann directs us to inform you that it is satisfactory to him to extend the terms of our sale memorandum of January 10th to the 26th of this month. 
Hoping to hear from you by that time, we are, 
Very truly yours,
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