(*2643–150) Wt. 16318—94 15,000 7/38 T.S. 695
C. O.
Mr.
Mr.
the matter of general surplus funds
Mr.
as in that of the currency surplus,
Mr. A. J. Dawe.
Sir H. Moore.
Sir G. Tomlinson.
Sir J. Shuckburgh.
Permt. U.S. of S.
Parly. U.S. of S.
Secretary of State.
DRAFT.
but in present conditions there is
not likely to be much chance of in-
creasing the general reserves; it
is more likely that it will be
necessary to draw on them to some
extent to maintain the Colonial
Government's present essential
social and other (including defence)
expenditure in the Colony.
Yours sincerely.
H.R. Cowell
FURTHER ACTION.