particularly
oince increased scholarships provision was
4
one of the
Committee's principal recommendations.
Moreover the Hld. Goot. is now
conkerplating the
introduction of Income Tax, & the God. has indicated that about $7,500,000 annually might be available for purchases of naval & in craft destined for the
defence of the Colony, & for additional contulutions
In any
case the
to H.M.G.
from HK. are
likely
to be
J.K. pant.
quadly
extra war-contributions
in excess of
this
On the other hand the burden bome by the taxpayer
in this
country is for greater than anything which the 6tk. taxpayer might have to bear as a result of the war, & I think it could be
ayred
that
this scholarship provision might be met from HIT.
revenue in the altered circs. of the war
particularly virce, ever
allowing for the large
scholnship scheme adopted to dear
9x
Flu
surplus,
A
the charge
to Revenue wild. not exceed about
$80,000 annually.
This cd, not be bome
by the Defence Budget, int it might
be net
kmpanily
from the Ordinary budget which it to be incased
by about $1,000,000 at least per annum.
And
at the prvent HR. is for from being short of
ready
cash.
Although presumably if this course