CO129-605-4 Government loans 12-7-1946 - 6-1-1948 — Page 73

However if the premium bond proves to be successful,

the question of investing the Exchange Fund assets

may not arise.

I am sending a copy of this letter and draft

to Hicks, who will perhaps

Ale

any objection

Bay adday

une

whether he

Erdinance

the two

16 the Yars sincerely,

making provision for floating

floating the

(a

dufferent types of loan ( a tip mine

and

a premium band cosine). If there

any objection,

and it might from

sime port of metapler

presum debly

offshore were

presumably

Two separate

with

Ordmances would be enacted

both the limitin

to a max cmuar

Contam

purrso

watch the

Fotal

issured

of $100 millions, but each Orcmance to

under

that the

both Ordenances

milhar

shall not exceed $150 in all.

Yours - snury,

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