liquidity levels to enable it to meet its obligations in conformity with standards of prudence generally accepted for its field of business. However, the provision of such
support will be subject to prior consultation with and the
approval of the Bank of England as lead supervisor.
This letter of comfort was duly authorised by a resolution of our
directors dated
a copy of which is enclosed and replaces
our letter of 3 April 1991.
Yours sincerely
W Purves
Chairman