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[[letterhead]] INTERNATIONAL
GENERAL [[GE INSIGNIA]] ELECTRIC
COMPANY
INCORPORATED
GENERAL ELECTRIC BUILDING
570 LEXINGTON AVE. AT 51ST ST.,NEW YORK  

WALTER J.EDMONDS
VICE PRESIDENT [[/letterhead]]

July 2, 1935.

MR. LEON LOEB
Jacques Seligmann & Co., Inc.
3 East 51st Street
New York, N. Y.

Dear Sir:

In Mr. Minor's absence abroad, I am replying to your letter of July 1st to him. 

We have just consummated, for a term of years, a renewal of the lease covering our Paris Office and, therefore, we are not interested in your proposition.

Yours very truly,

[[signature]] W. J. Edmonds [[/signature]]

WJE:EE