商务英语考试

【单选题】Mr. R.Cliff
Homemakers LtD、54-59 Riverside
CardiffCF 11JW
September 27, 2003
Dear MrCliff,
With reference to our meeting on September 23, I am pleased to tell you that the credit for $8,000 which you have requested has been approveD、
I know we discussed an overdraft, but I think it would be better if the credit were given in the form of a loan at the current rate of interest which is 15 percent, and which will be calculated on half-yearly balances.
The loan must be repaid by June 2004 and we will hold the 2,000 IBM ordinary shares and $3,000 local government bonds you pledged as security. We agree that the other $3,000 was to be guaranteed by Mr. Y. Morgan, your business associate, and I would appreciate it if you could ask him to sign the enclosed guarantor’s form, and if you would sign the attached agreement.
The money will be credited to your current account and available from September 30th subject to your returning both forms by that time.
I wish you luck with the expansion of your business and look forward to hearing from you very soon.