| 921994 | |
| F. Francis | |
| 957-8971 |
July 17, 1992
Audit DirectorateRulings DirectorateGeneral Audit ServicesFinancial Industries Division
Attention: M. Clement 24(1)
Further to our telephone conversation of July 17, 1992 (Francis/Jolie), we are forwarding the file back to you since it involves a completed transaction which is the responsibility of the Audit Directorate.
In our opinion, it is a question of fact as whether the amendments to the Commodity Based Loan resulted in a disposition. We direct your attention to Interpretation Bulletin 448 which dilineates the Department's position on this issue.
DirectorFinancial Industries DivisionRulings DirectorateLegislative and Intergovernmental Affairs Branch