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April 30th, 1920.

My dear Sir Joseph:-

In accordance with your letter of March 3rd, 1919, to Mr. Frick, I hereby inform you that the seventh payment under agreement of May 21st, 1918, between Mr. H. C. Frick and Duveen Brothers, has been paid to the Guaranty Trust Company of New York.

Very truly yours,

To

SIR JOSEPH DUVEEN, c/o Duveen Brothers, 720 Fifth Avenue, NEW YORK, N. Y.

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