31
31
and
of which they agreed to the exemption from assessment for
military contribution of the amounts to be raised by extra
taxation and appropriated from revenue to meet intere
sinking fund charges, includes the amount necessary to pay
off the loan raised under the Public Works Loan Ordinance
No. 14 of 1927.
As drafted this paragraph might be interpreted to
mean that the amount authorised to be raised under the
Public Works Loan Redemption Ordinance No.15 of 1933 was
distinct from and in addition to the $28,000,000 while it is
clear from paragraph 8 of Colonial Office letter No. 92622/3
of the 19th August, 1932, that it is included in the total
of $28,000,000.
A copy of this letter has been sent to the
Treasury.
I am,
Sir,
Your obedient Servant,
At Widdow