N M Rothschild & Sons and other banks throughout Britain have benefited from working with us.


   This is to confirm that in June 1998 we engaged the firm of The Auditor to conduct an audit of our corporate, IT and office stationery requirements and costs, and that, in so doing, The Auditor undertook this task in a professional, efficient and non-disruptive manner.

   The results of the audit, and the subsequent recommendations of the Company, have been particularly beneficial and have enabled us to achieve worthwhile savings to our above costs.

   Should you require any further information, please contact the undersigned.

A.P. Graham
Company Secretary

29th September 1998

N M Rothschild & Sons Limited
New Court, St. Swithin's Lane
London EC4P 4DU

Registered number 925279 England
Registered office as shown
Registered by SFA

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