CO129-544-8 Adjustment of exchange account 1-6-1933 - 31-7-1933 — Page 16

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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.

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