Please accept my blessings. With reference to your sales contract with Dai Nippon Printing Co., Ltd., dated 6th June, 1970, Reference No. ODC-OMIS-Q/70-308, I have today opened a letter of credit for $17,000 and their expenditure of $33.75 under receipt No. 228760, of date, Pico-La Cienega Branch (308), Bank of America, Los Angeles, California.

The arrangement is payment will be made in Tokyo by their branch. You can ask Messrs. Dai Nippon Printing Company to take note of this and do the needful.

We have lost $105 by opening this letter of credit. We are loser of $72 for one month's interest on $17,000 plus their $33, altogether $105 and odds. So next time make the arrangement that I pay on delivery of the documents. Another point is that if they don't ship by the 20th of July there will be another loss of $35 to reopen the letter of credit. So they must ship the books on or before 20th July and take payment from Bank of America, Tokyo.