93
2: 20 W.0. w/e end.min) –
boys. 30 DEC 1933
26 W0-16 / Abroad (276 (8.1)
Both *
30th Jany 1934
(acks N = 25 & tro. obsons on the Draft Bill for consideration)
2
aj.
Sec 3 (2) vii
The Wo. wish to keep open the question of exampling the profits arising how the appreciation f
9 investments from assessment for Military contribution purposes, in
it
may
15
q
order that reconsidered in the Event invested herpes Valances, If the Colourf
of the Surplus
of
" becoming of large amount at and future time. they assume they be
informed
Should
dolls this contingency arse.
It is difficult to Know how the phrase "If large amount" can be translated into
and :. how it can
teruns
9
for $.
b
possible to give," the Wo the assurance they require. ( From prog of the Hong Kong off Estimatio for 1934 it appears that at 31.12.32 the Market value of of Surplus funds was £111. 747)
Ithick the
boj Sze 3 (3) ii
by the 6.0 can
fre 3 (4)
investment
assurance asked for
will be given
The alternative wording Suppssted by the top is given opposite the relevant Bection of the Bill W/e 24); that wording appears
to reflect accurately the agreement in para 63) 9 and para 2 of
Rached