| June 15, 1990 | |
| Publications Division | Financial Industries Division |
| Roy C. Shultis | K. Donnelly |
| Director | 957-3500 |
| File No. 7-901038 |
SUBJECT: ATR 3-2494 Preferred Shares convertible into common shares
We have reviewed the revised draft of the above noted ATR and the editorial changes made to the draft submitted with our memo of May 28, 1990. Subject to the correction which we have noted on the attached copy of the first page of the draft ATR, it is our view that the revised draft is suitable for publication.
DirectorFinancial Industries DivisionRulings Directorate