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[begin enclosure 1 of 2] TELEGRAMS, "IMAGERY, LONDON." TELEPHONE No. 2638 GERRARD.
13 & 14 PALL MALL EAST LONDON, S.W. Copy. 6th May, 1909
Dear Sir. We have great pleasure in offering the Portrait of Christina of Denmark by Holbein to the National Gallery at £72.000 (seventy two thousand pounds) this option to be determined on June 1st. We remain, Dear Sir, Yours faithfully, (signed) P. & D. Colnaghi & Co.
Sir Charles Holroyd. [end enclosure 1 of 2]