79
(in that paper
1929. Since the date of the Report
considerable modifications have been
made in details, particularly as
regards the second section of the
scheme.
3.
In paragraph 13 of your
[16 m 82756/61]
letter under reference you point out
that the memorandum by Lord
Haliburton of 8th June, 1899, from
which a quotation was made in the C.0.
letter of the 20th of November,1931,
was directed in the main to the
treatment on the basis of net
receipts of new industrial undertakings.
It is felt strongly that it would
definitely be in accordance with the
policy suggested in the passage quoted,
viz, that we "should meet the Colonies
with every concession that is consistent
with the preservation of the
contributions