On behalf of the Board, I authorize you to prepare a report for internal use on the investment potential of the Fawalai Village Development. To assist you in your research, I have asked the Contracts and Mortgages department to assign three part-time assistants to your project.
The Board asks that you evaluate the bank's present financial involvement in the Fawalai Village Development; the current financial difficulties of the developer; the short-term and long term sales prospect for homes already completed; and the relative advantages and disadvantages of the bank's future options with regard to its interests in the development.
We will look forward to receiving your report no later than June 5,1999.
Please contact me if you have any questions regarding this authorization.