trade furdone,

thes.

as

The

well

as for its original

and actes affroval for

name of the fund will

need to be changed, is approval in

geven, to trading Reserve Lund:

the

I can see no

6

objection to use of the heend for thes perfone but I should be grateful

for advice

may

a

be given.

to whelker affroval

P. Patharich 22/6.

1

su

olyaction

Inbewer

MR. HALL.

I see no objection. copy of the reply sent?

21/6

No: 3475/20.

May I please have a

'D.G.C.A. 26.6.51.

Mr watt

you have heer dealing with the new

payments agreement with

Japan & you will me from para 2 of (5) that the profits camed

by Me Dept of Supplies Distribution which have the appropriated

to act

про

He Essential Commodities Equalimtin fund melude profits from the Calmy's trade with Japan. In paras 3.4 f(5) the for prints not that M.K, inclusion in the sterking arrangement & the resulting liquidation of an advance balance in the open account might result in a financial loss a uggists that the proposed E. C. E. Hund should be available to le daun upa to mut this possible loss.

Can

yo

indicate the pusent extent of the adverse balance & when the new unangenent is likely to come into greration. It would

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