3
y
1$. = 1/-. but the Band Hought Maurelves quite safe (as they wore) in accepting a forward
Contrast for 1/2d., there was :: was likely
Assume that the fo was
every
t
reason
to appreciate
And the least the Colony might have
done was
16
seek the advice of either the C.As or the Soy S.
a
I am unable to follow the argument that
forward contract for 3 200,000 in protection, public funds but that a similar contrast for £ 2,000,000 would be speculation.
I think that a measure of discretion ought to be allowed in such matters but that it should we limited to the choice between putting the C. As in founds or remitting as a when
as a when required.
I do not
think it is right to bring the local bank into
the master.
? You will wish to consult
Sir. J. Campwell.
Allade
17-7-33.
I do not think that contracting forward for
exchange to cover kennan Lidiliti
Kumon remittance programme is speculation Кажа
It is not like beying steeking in the hope of Selling at a
I should leave it to Goon's desceation
heofit.
17.V. Verner 17/7
[ what world I...C.A. say about the
Exchange Equalization Fund?