| 19(1) | File No. 5-8188 |
| T. Murphy | |
| (613) 957-2747 |
June 26, 1989
Dear Sirs:
As indicated in your telephone conversation with T. Murphy on June 7, 1989, we are unwilling to provide comments on the proposed transactions contemplated by your client except on an advance ruling basis.
Yours truly,
for Director Financial Industries DivisionRulings Directorate