Subject: Ruling S7-10-99 (Offer & sale of securities to Canadian Tax 
 
Date:    05/29/2000 8:40 PM
     
     
I am one of the many ordinary citizens affected by the 1933 act that has 
effectively frozen my Retirement Savings. The inability to reallocate funds can 
and will have serious affects on the amount my wife and I  will accumulate for 
our retirement. I understand the reason for the act but it really does not apply
to the situation that I and many like me find ourselves in. When my wife and I 
left Canada to live here in the U.S. we stopped contibuting to our Canadian 
Retirement Savings Account and started up IRA's here. We left the money there, 
because the tax ramifications of withdrawing the money and putting it into an 
IRA would be enormous. We have not contributed too or do we intend to further 
contribute into these funds, but we still need the ability to reallocate the 
resources to match current economic conditions. When the markets change, we 
cannot change our asset mix to compensate and that means that the earnings 
potential and the future balance of our retirement savings is affected. Do 
Americans going to Canada have these same restrictions put on there 401K's and 
IRA's when they move. If they do (which I doubt) that also is truly unfair.
I urge you to enact this ammendment  as soon as possible, so that I and others 
like me can once again have conrol over our futures.
     
If you notify people when these ammendments pass, I would like to be added to 
the list.
     
Thank you for hearing my concerns.
     
Sincerely;
     
Roy D. Aldworth
Orland Hills, Illinois