Business English: A Practice Book by Rose Buhlig

4. Punctuate, using a letterhead:

Mercantile Trust Company New York City Dec 2 19-- manager the bank of Scotland 3c bishop E C London England dear sir we are sending you herewith advice of the issuance of our circular letter of credit No. 262 in favor of Miss Helen Jackson for 300 pounds sterling Miss Jackson is at present in Paris France and the letter of credit has been forwarded to Messrs Thomas Cooke and Son 1 Place de l'Opera Paris we have requested Messrs Thomas Cooke and Son to forward to you two specimens of Miss Jacksons signature which we have signed and forwarded to Messrs Thomas Cooke and Son for that purpose so that you may have these signatures before any drafts against the letter of credit are presented to you yours very truly James R Hudson treasurer. What is a letter of credit? How did Miss Jackson get it? The Bank of Scotland is the correspondent of the Mercantile Trust Company. Explain. Why should the New York bank forward Miss Jackson's signature?