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August 4, 2001

Mr. Gabby Gelms
Project 3, Acasia St.
Quezon City

Dear Mr. Helms:

Please be informed that before we can close your account and transfer its balance to our Australia office for credit to account number 1245-5125, it is necessary that we secure the authorization of the Central Bank.

In this regard, please accomplish and return to us the enclosed application to transfer the said balance which we shall forward to the Central Bank.

Very truly yours,

Annica del Rosario
Manager