To the Heads of State and Government and to the Ministers of Treasury and Finance.

The total debt of the Earth's States is higher than 25,000 billions of US Dollars and, due to interests, each year it increases by more than double the world's gross product growth rate.

This situation rises from different causes that it is useless to remind in this occasion.

It is indeed necessary and urgent to intervene concretely.

The Constitution of the Republic of the Earth also provides to contribute to the balancing of national budgets.

Dhana is the currency of the Republic of the Earth, entirely guaranteed beginning from its issue by a nominal value par to 25 Euro per 1 Dhana.

As it's known, Dhana currency has been issued in order to redistribute the wealth among the inhabitants of the planet and to bring money back to its original function of real wealth representation means.

Each inhabitant of the planet aged at least 16 and taking part to the Republic of the Earth is assigned 100 Dhana just against the reimbursement of the emission cost or in exchange of one hundred working hours.

The issue provided will amount to 492 billions Dhana to be assigned plus 24.6 billions Dhana to be addressed to humanitarian initiatives, for a total amount of 516.6 billions Dhana, entirely guaranteed by a total nominal value par to 12,915 billions Euro, almost equal to 15,500 billions US Dollars.

The Dhana issued between the 14^th of June 2001 and the 31^st of December 2003 amount to 150 billions Dhana to be assigned (100 Dhana per person) and 7.5 billions Dhana for humanitarian initiatives, which makes a total of 157.5 billions Dhana, with nominal value par to 3,937.5 billions Euro (4,725 billions US Dollars).

The further issue of 50 billions Dhana to be assigned and 2.5 billions Dhana for humanitarian initiatives provided to be carried out within the 30^th of April 2004 was put off after considering that, in the current situation, the cost of the States' debt would sensibly reduce the positive effects of the wealth increase rising from the Dhana to be assigned.

To attenuate the negative effect of public debt on the economy, we believe that the assignation of Dhana should be coordinated with the reduction of the world's debt cost.

Pursuing this aim, we offer to every state an interest-free loan for an amount par to the 35% of the Dhana addressed to the inhabitants of the respective Countries, against the only condition that after five years from each disbursement, the loan will be paid back through direct and free assignation in equal parts (35 Dhana to each person) to the inhabitants of each Country.

To be practical, the loan to each State would be par to 35 Dhana (with nominal value equal to 875 Euro, par to about 1.050 US Dollars) for each sixteen years or older inhabitant.

If this offer will be accepted by all Governments, the States will be granted approximately 170 billions Dhana, with a nominal value par to 4,300 billions Euro (approximately 5,166 billion US Dollars at the current exchange rate), equal to more than one fifth of the world's public debt.

Obviously, a specific financial contract according to international law will be established for each State interested in this offer, in relation to its particular situation and real requirements.

It is reaffirmed that the loan is completely interest-free and précised that no seignorage or other cost will have to be recognised to the disbursing body or to other subjects.

By considering the time necessary in order to issue and entirely guarantee 170 billions Dhana, the disbursement of the loans to every State could be carried out for half the amount within the 31^st of December 2004, for a quarter within the 31^st of March 2005 and for a quarter within the 31^st December 2005.

All information about Dhana is published on the following web sites: www.dhana.org, www.dhura.org, www.unigov.org e www.hgov.org.

We ask you to send us any communication on the following e-mail addresses: dhana@unigov.org or dhana@allgov.org.

My best regards.

From the Head Offices of the Republic of the Earth, 10 August 2004.

For the Committee of the Representatives of the Republic of the Earth.