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To: bill718 who wrote (32255)	4/21/1999 7:01:00 AM
From: Enigma	Respond to of 116762

Wayne/Bill Murphy - the interesting thing about this report is that it requires 85% member support for these sales to take place - and, as it says, the US could veto it with its 17% of the vote- but a combination of just a few other countries could veto it too eg Germany plus a few others. At this point I wonder if there is an informed guess as to how the votes might stack up? It seems the Swiss are now bending over backwards not to scare down the market - sales over 10 years - etc. Unless all these parties want to completely kill the golden goose they should be thinking in terms of auctions ultimately - when we may well see a re-alignment of CB holdings - to the far east perhaps. dd