My Lord Duke,

I have the honour to acknowledge the receipt of Your Grace's Confidential Despatch of the 28th May last,¹ enclosing the Agenda for the Imperial Economic Conference to be held in October next, and to express, on behalf of my Ministers, agreement in general with the proposed subjects for discussion.

2. My Ministers would be glad to be informed of the latest date for receiving further subjects for inclusion in the Agenda of the Imperial Economic Conference. They also wish me to urge the desirability of discussing at the Conference the establishment of reciprocal measures by which Government Loans of all the Dominions might become trustee investments throughout the Empire.

3. The President desires me to express his general agreement with the proposed Agenda for the Imperial Conference.