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C. O.
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Mr.
Mr.
Mr.
Mr. Parkinson.
Sir G. Tomlinson.
Sir C. Bottomley.
Sir J. Shuckburgh
Permt. U.S. of S.
Parly. U.S. of S.
Secretary of State.
DRAFT.
(1)
which formed an enclosure to your
No 487 of the 144th September
despatch udah detarence, states that
in the event of a further serious falling
off in revenue, or fall in the sterling
dollar exchange, Government will
immediately take in hand suitable
reductions in expenditure. In this
connection I would suggest that you
should consider the desirability of at
once preparing in outline a scheme of
reduction in expenditure in order that it
ready to be,
may be put into operation without delay
in the event of that course proving to
be unavoidable.
FURTHER ACTION.
I observe that the sum of $14,000,000
which has been raised under the authority
of Ordinance No.11 of 1934, will have
been
expended by the end of 1934, and I have
no doubt that you will in due course
inform me of your intentions with regard
to the raising of a further instalment
of this loan.
With
refernce to paragraph 10 of
your