"You and others in the grain storage business are in a better position to analyze the effect of any given decrease in revenue, or the net results of operations. As a matter of fact, we in the underwriting of this business would certainly want to see a very careful analysis of the effect of any reduction in revenue in order that our surety companies will be able to project the financial situation of any given company to determine what their financial position might appear to be a year or two hence, resulting from a reduction in gross revenue." (End of quotation) EXHIBIT E |