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instead of renewing the insurances

previously effected with British

Companies. The decision may, of

course, have been intended to

effect both these objects and the

proposed wording is, therefore,

ambiguous on this point.

(ii) In the last sentence, for

"grants from the Trade Loan Fund

have for some time ceased"

substitute "grants from the Trade

Loan Fund have now practically

ceased".

Although very few fresh

grants have been made in the last

it of fears that,

year or two, small grants were

still being made up to the date of

the last return received by Mr. Amery.

2.

Cohies

A copy of this letter and

Foreign Office letter of the 31st of

December are being sent to the

Board of Trade.

I am, etc.,

(Signed) WALTER D. ELLIS

of

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