Dear Sir or Madam, Please accept our thanks for your prompt
response to our letter of August 28 regarding joint venture. We
wish to state that the amount of our investment will be around 2 to 2.5 million
U.S. dollars, partly in the form of cash and partly in equipment. As to the
project site, we agree with you because Shanghai offers better conditions for
shipment, transportation, communication and banking. This city will be
especially suitable for exporting glass after the factory, in question is
completed and starts production. As joint venture involves
complicated procedures, especially in the legal aspects, we should appreciate
your providing us more details so that we can proceed with the matter
further. If you think a meeting between us will help settle the
existing problems between us, we will send our deputy director, Mr. Brown, to
call on you to reach an agreement at an early date. We are
looking forward to your early reply.
Yours sincerely,
Ted Smith How many U.S. dollars will be invested in the project
About______million.