Off Setting
13-Nov-06
September 25, 2006
Dear Sir:
Please be informed that we have an outstanding account with Electric Corporation in the total amount of P 36,848.86 as per attached statement of account which we have to settle outright before we transfer our office to City proper.
In this regard, we would like to request your good office a proposal to offset this account with our collectibles from your office. Thus your office shall be the one to remit
the same to Electric Corporation.
Thus, we are returning herewith Bank Check No. 0000037880 amounting to P 41,083.74 issued by your office on October 23, 2006 in favor of Tatlong Itlog Corporation for cancellation and replacement.
May we request that the net refund of Php 4,234.88 ( Php 41,083.74 – P 36,848.86 ) be made payable to Tatlong Itlog Corporation and /or GANDI LUGASAN .
Hopefully this will merit your approval.
Very truly yours,
Morgan Fairchild
General Manager