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February 15.
Uy dear Governor Towers:
Hiis i s to thank you for your thoughtfulness in sending ae a oopy of the Annual Export of the Bank of Canada to the Sinister of

I was interested to note how the trends

parallel our owa, which, of course, Is to be expected*
With kindest persocal rogprfai,
Slnoerely yours,

Honorable 0* F» Towersg
Bank of Canada,
Ottawa, Canada.


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