| April
30, 19 -
DOW CHEMICAL COMPANY
202 Dow Center
Midland, MI 48640
U.S.A.
Gentlemen:
Your request for extension of payment for an additional
90 days as presented in your letter of April 17 has been
given every consideration here.
Unfortunately, our policy with regard to contractual agreements
does not allow waiver of legal rights. You are, therefore,
expected to continue to make payments within the limits
stated in our agreement.
However, we do sympathize with the difficult position recent
economic developments in your country have put you in. A
study is now being made on other ways in which we can offer
help to you within the scope of our agreement.
We know that, given time, you will be able to overcome
your present problems.
Yours sincerely,
Shin Ki-jong
Manager
Export Sales
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