Dear Editor,

In my letter published in Stabroek News of August 13, captioned ‘It is not too late for President to honour promises to Globe Trust depositors,’ I wrongly calculated the value of the 5,404 deposits of Globe Trust with balances up to $100,000 as $540.4M. That is an overstatement since the value would be the sum of the actual balances some of which would be considerably less, quite possibly by more than half.

The error is regretted.

Yours faithfully,
Christopher Ram