CO129-605-4 Government loans 12-7-1946 - 6-1-1948 — Page 13

ni Palmer

As regards (a) the trouble about a declaration of the kind is that

it is liable of me laken as a

viledge

never

I devalue

p

atleas

clearly ampul

while the loan is outstanding

наредн This is a pledge which Canite / wien. The difficulty Tampil howenn be got over by referag

kes that the furnog

Is the

кив

the Bretton Wood preement. under which the International

Fund has been set.

Monetary my koy an

apply

Women

up

has W the

Coromal currencies. The Hunyo par value of thery khong aumenty now been declared by

1/32 and would

Aund as

abered

ш

or

only sa

ла

асиндали

agreed

معلدا

be antematimally fear t

about a

Keratin

A exchange

If course

rates

There

o

the fort completely

to

existing rates of a change but men general aim

is

"Stability of races

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ما

a

enime

as unch

is practicable. mond Engperty that we showed anny Teamay to then views on to

Statement which The form of la

was

point sto

might be trade, which would he

an

rease usmy

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an

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in a

a pledge

As regards by they was already been dealt with and afferral beer een

her heen repartery fiven by telgran

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we choird also

31

Прив para 3 of the Crown Sput the duadrantage of a "drawing

that it moves complete

redemption over the period of the Coom,

While if

a

10%

Hatuliping

fund is

weaked gone can still, if it rem

wise, create a

cupplementary fund for me balance. In wesent IFSC.

and tins

there would seem the a

13