[456B) Wt. 32483:800 100m. 11/48 C.N.Ld. 748
0.
Mr.
Mr.
Mr...
Mr.
Mr.
Permt. U.S. of S.
Parly. U.S. S.
Minister of State
Secretary of State
Your Reference + Confirm may approval, expressed in para 4 of
no 313 Confidential of the 2nd March, also agree.
Lis
principle to the
DRAFT.
(3)
4.
my
telegramy
of the
setting up of
a
Development Fund
an
• Essential Commodities Equalization Fund
A1
You
are
already
aware,
I lilly
appreciate the necessity for the stockpiling of essential foodstuffs commoditics
*
I consider that the possibility of thre
these stocks must be accepted.
losses on
|
that when but is in a
position
aquee
18
[Max
8 of (1).
FURTHER ACTION.
to tease it's trading activities, the balance
of the in
general, aggregate losses
resulting from the sale of stocks below their cost price shd a transferred
as
charge
to the Equalization Fund, and that the balance of this hand shd be transferred to the develysment Fund when Gast is in
a positim to
to cease
its
trading
activities.
your
The sends about
I look forward to with interest to further communication
this latter fund in connection with
/the
No comments yet.
Private notes are available after approval.