31
Even assuming that the Foreign Office will not a sk
for an advance in respect of the March Quarter 1944
until after 31.3.44, we may thus have to meet claims
to C.N. $50,000,000 during the current financial year.
C.N.80 this would equal about £600,000
At £=
up
or if as we hope we obtain the benefit of the diplomatic
rate of $120 to £ it will equal about £400,000.
In these circumstances we trust you will agree to
the immediate advance from the Vote of Credit to enable
us to meet the Foreign Office claim and will not expect
an "estimate" in respect of the current financial year
ending 31st liarch 1944.
As regards 1944/45 we may then attempt an estimate
of the annual
of expenditure (on the basis of the
vrite
vate
of expenditure at the beginning of that year), but
it will be impossible to guarantee that the expenditure
actually brought to account will in fact represent a
In fact it is almost certain to
year's expenditure and
differ greatly from
the estimate for that, if no other, reason.
Yours sincerely,
(Signe
PASKIN
(us)