66
(35) m 18895/17/48
various sums in respect of the yarn received
by them for manufacture, and that the credit
balance with the Bank on the 25th December
1941 on this account amounted to
$248,436 (£15,527). I am not clear whether
this is a case where no claim can be made
by Government against the bank in respect
of the £15,527 as being Government monies
held by the bank and taken over by the
Japanese authorities on their occupation of
the Colony. If this is in fact the case,
there do not appear to be very good grounds
for the Bank on its part claiming the
£80,557 plus the interest from Government.
You may wish to consider to what extent if
any you would be justified in pursuing a
claim for the net sum involved against the
Government of India, but on the information
before me I do not feel able to take the
matter up with the Commonwealth Relations
Of ice with a view to their approaching the
Government of India on the matter.
6.
In your despatch No. 235 of the
29th September, 1948, you referred to a charge
amounting to $15,119 (£945) in respect of the
difference between the cost of certain
stores delivered to the Goverment of India
and the net proceeds of the remittance
received from the Government of India. It
appears that the Government of India effected
settlement for the War Supplies account for
September, 1941, by purchasing bills from
Thomas