1 Exhibit 16.2 10 April 2001 [ARTHUR ANDERSEN LETTERHEAD] Office of the Chief Accountant Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 U.S.A. Dear Sir/Madam We have read paragraph 2 of Item 4 included in the Form 8-K dated 30 May 2000 of South Hertfordshire United Kingdom Fund Ltd to be filed with the Securities and Exchange Commission and are in agreement with the statements contained therein. Yours faithfully, /s/ ARTHUR ANDERSEN ARTHUR ANDERSEN cc: Robert Mackenzie, South Hertfordshire United Kingdom Fund Ltd