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CCF/JH Mr S. Felekkis, B.A.T. (Cyprus) Ltd., P.O. Box ~563, Nicosla, Cyprus. Cgth August, ~98C Dear r.'~r Felekkis, Local Printin~ With reference to our rec~nt conversation concerning a possible increase to your local printers, I have discussed this with Derek Baxter and our recommendations are as follows. DurinG the past 12 months in the UK, there has been no inc:ease in print costs, and in fact improved efficiency has led to direct printin~ c~:ts. However, we understand that costs have increased in Cyprus and reallse the necessity tc help your local printers, we would, therefore, suggest that a 5% increase would be more in order than the 7% you have requested. Kindly advise if tb~ is deened acceptable and advise the duration of t! ..... w ~rices. Yours sincerely, C. C. Franklin c.c. Mr R. Marchant