77
quite clear that it will not be
possible to claim exemption for
the interest and sinking fund
on the proposed loan of $25,000,000.
6.
I enclose a copy of
a letter of the 30th of May from
the Crown Agents in which the
Treasurer's proposals are considered
in detail.
Subject to any modifi-
cations which you may think
desirable, in view of the comments
of the Crown Agents and of the
observations in the previous paragraphs
of this despatch, I approve generally
the loan proposals submitted in Se William Peat's
your Confidential despatch of the
10th of March.
I have, et c.
D GUNUCCELLISTER.
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