3 -
system may be regarded as the approval for the consequent
entries in the Exchange Account.
No doubt, if the
Colonial Government decides to admit the system of
forward contracts, they would explain the results
fully to the Secretary of State when submitting the
question for consideration.
I have the honour to be,
Sir,
Your obedient servant,
(sa). A.J. Harding.
Director of Colonial Audit.
16