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July 31, 19U2.
Mr. Morrill
Chairman Eoclea

Attached are copies of a memorandum analysing the
Canadian Government borrowing program for 19U1-U2* I have
sent copies to the members of the Board, Mr* Thurston and
Mr. Piaerf and am sending the balance to you for distribution
to suoh staff members as may be interested.

Attachments 6




July 31, 19U2.
Mr* Piser
Chairman Ecoles

This is the memorandum analysing the Canadian
Government borrowing program for 19^1-1*2 nhioh you asked
Mr. Kindleberger to prepare at my request.

MSE:VE:b

July 31, 19U2,
Governor Hansom
Chairman Eocles




This is the memorandum analysing the Canadian
Government borrowing program for 19U1-1&2 about which I
spoke to you this morning and which I hope you will find
time to read*

MSE:VE:b

(Sent to individual Board members and Mr. Thurston)