INTIMATION OF PAYMENT

Palmer & Co.

89′ Frere Road’

Karachi.

January 22, 1994.

To Messrs State Trading Corporation’

Lahore.

Dear Sir’

I have the honour to inform you that a sum of Rs.10,000/- has been paid to your agent Mr. Raza Rahim’ and the draft has been received in exchange’ which when sent to you’ must be honoured at sight your due protection.

Thanking you’

Yours faithfully’

L.N. Bright.