as per out telephone conversation, today's date, and effective immediately, please cancel our recent order for monthly deliveries of rubber shoes. we have received two shipments for which we will pay, and by our agreed-upon schedule you will receive this letter before you make the third shipment. we are sending today a telex message to this same effect.
we regret having to take this step, particularly after you have been so cooperative with regard to both price and terms of payment. It is made necessary, however, by our current financial situation, which is forcing us to discontinue some of our product lines before our debt become too great. we believe that by this measure, with you as well as with some of our other suppliers, we will be able to avoid difficulties that have appeared on our horizon
Thank you for your understanding. Should our situation improve. we will place another order with you. we trust that we are remaining on your list of customers qualifying for liberal credit terms