| 19(1) | 5-9113 |
| C. Robb | |
| (613) 957-2744 | |
| December 18, 1989 |
Dear Sirs:
We are writing in response to your letter of November 15, 1989 in which you have requested our views concerning a proposed Ten Year Debenture Financing.
The facts in your letter appear to actual proposed transactions. Therefore, we are unable to comment on the income tax consequences of the transactions in the context of an advance income tax ruling request.
Yours truly,
for DirectorFinancial Industries Division Rulings Directorate