together, since the amount representing the banks' "turn"
on each remittance is saved and becomes available, in
see also below -
such proport i ons as may be agreed
in relief of the cost of homeward remittance by the Colonial
Government and of outward remittance by the Home Government.)
We have read your correspondence with the
Financial Adviser, but have not been able to make out what
the objections are to a renewal of the arrangement agreed
to in 1924; and we are inclined to agree with the Financial
Adviser that the principle of collaboration with the Colonial
Government is not affected by the conditions for the time
being of the exchange.
It might be of interest to compare the amounts
actually renitted by the Colonial Government and raised by
the Treasury Chest during the period covered by that agreement,
and to work out how much could have been saved by the two
together
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