19(1) Jim Wilson
(613) 957-2063
HBW 6591-M1
HBW 9412-2April 11, 1990
Re: 24(1) Sovereign Immunity
We are writing in reply to your letter dated March 23, 1990, in which you enclosed documents in support of your application for sovereign immunity for 24(1) We are pleased to advise you that we are prepared to grant exemption to this 24(1) on the basis of sovereign immunity. You may provide photostatic copies of this letter to paying or disbursing agents as their authority to make payments of interest to the 24(1) without withholding Part XIII tax.
This exemption is subject to the conditions contained in paragraph 47 of Information Circular 77-16R3 (copy attached). We are of the understanding that the 24(1) will provide Revenue Canada, Taxation with an annual list of Canadian investments to which this exemption applies.
We trust you will find this to your satisfaction,
Yours sincerely, C. Savage A/Director Provincial and International Relations Division
Jw/jb no2-16 File copy Sequence file Author's copy Reading file Access to Info(2)