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ative terms. When the information is received, be it favorable or unfavorable, a suitable letter of acknowledgement and thanks must be sent. This is no more than mon courtesy. ? Private amp。 however, for safety’s sake, we should like to know the financial and credit standing of the abovementioned pany, especially because they have requested us for a standing credit, which we seldom grant to new customers. We should be very pleased if you would assist us in this respect, and we can assure you that any information you may give us will be treated in absolute confidence. Yours Sincerely, China National Export and Import Corp. Private amp。 Exprot Corp., have asked us for information about the Auto Engineering Co., Ltd in Ibadan, Nigeria as the latter would request a standing credit of USD5,000 to start business. We know the Auto Engineering Co., Ltd., but our knowledge of the pany is limited to a few months trading with a firm in Shanghai on a L/C basis. We should, therefore, like to know whether or not their financial and credit standing are sound so that we may respond to CNIEC. The only reference as given by the Auto Engineering Co., Ltd. Is their banker, the National Bank of Nigerial, Ibadan. We shall be most grateful for any information you can obtain for us. Yours Sincerely The Bank of China Shanghai Branch ? Private amp。 Confidential Dear Sirs We have pleted our enquiries concerning the firm mentioned in your letter of 4th April and regret that we must advise you to regard their request for credit with caution. About a year ago an action was brought against the firm by one of its suppliers for recovery of the sums due though payment was recovered in full. Our enquiries reveal nothing to suggest that the firm is not straightforward. It seems to us that the firm’s difficulties were due to bad management and in particular to overtrading. Consequently, most of the firm’s suppliers either give only very short credit for limited sums or make deliveries on a cash basis. This information is of course supplied in the strictest confidence.