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                                                                  Exhibit (10(y)
                                                                  -------------

June 9, 1999

Brian Levy
29 Theodore Place
Thornhill, Ontario
L4J 8E2

Dear Brian:

RE:  INTERTAN, INC. GRANT OF RESTRICTED STOCK

     As you are aware, the Board of Directors of InterTAN, Inc. approved a grant
of restricted stock at its meeting of June 7, 1999 (the "Restricted Stock
Grant").

     On behalf of the Board, I am pleased to confirm that you were selected as a
participant of the Restricted Stock Grant program. As you are aware, the
Restricted Stock Grant is performance based and vests over a three year period
provided that certain growth objectives are achieved. The details of the
Restricted Stock Grant are as set out in the attached Schedule "A".

     Congratulations on your selection.

Yours truly,
InterTAN, Inc.

/s/ Jeffrey A. Losch

Jeffrey A. Losch
Vice President, Secretary
& General Counsel

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                                 Schedule "A"
                                 ------------

                                InterTAN, Inc.

                            RESTRICTED STOCK GRANT
                            ----------------------

Participants and Maximum Possible Awards:
-----------------------------------------

     Brian Levy          20,000
     James Gingerich      8,000
     Heinz Stier          6,000
     Malcolm Williams     3,500
                         ------

                         37,500

Vesting:
--------

Annual Grant Calculation

     In equal increments annually over a three year period provided InterTAN
Consolidated Operating Income Growth is 15% or more per year. If growth is 10%
or greater but less than 15%, the vesting will be one-fifth of the annual
vesting amount for each point of growth over 10%. If growth is less than 10%,
the restricted stock will not vest for that year.

3 Year Adjustment Provision

     Additionally, the number of shares granted to each participant may be
augmented if over the 3 year period, the compounded Consolidated Operating
Income Growth is 15% or greater, then all of the restricted stock not yet vested
will then vest in its entirety.

     If over the 3 year period, the compounded Consolidated Operating Income
Growth is between 10% and 15% then the restricted stock shall vest in accordance
with the following table:

Consolidated Operating                       Percentage Entitlement of
    Income Growth                             Maximum Possible Award
----------------------                        ----------------------

     10.0 - 10.99%                                      20%
     11.0 - 11.99%                                      36%
     12.0 - 12.99%                                      52%
     13.0 - 13.99%                                      68%
     14.0 - 14.99%                                      84%
     15% or greater                                    100%
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     Note that any entitlement under such formula will include any stock
previously granted during the proceeding three year period. If the Consolidated
Operating Income Growth is less than 10% for the three years, then no upward
adjustment shall be granted under the above matrix.

     Under no circumstances shall a participant receive an amount of restricted
stock that exceeds their respective Maximum Possible Award entitlement under the
Annual Grant Calculation and/or the 3 Year Adjustment Provision.

Change of Control:
------------------

     All stock will vest in the event of a Change of Control (as defined in the
Deferred Compensation Plan under Section 8.5) or involuntary termination or
death (DCP section 8.6).

Treasury Stock:
---------------

     All shares ultimately issued under this plan shall come from Treasury.