2. With regard to Rehabilitation
loan I have
under
ci
my belegram
agreed reference that an additional payment of $5 millions showed be made to Sinking fund. Up to date only $50 millions of the loan has been raised while loan expenditure
chas considerably exceeded this. Assuming
not feasible to raise further
it is not
instalment of set preferable to against sumplus balances such portion of this
loan would it not be
expenditure
con
uncovered loan
as would leave (Bay)
the equivalent of six months revenue in reserve to provide against unforeseen
tingencies. This would have additional advantage of presenting
financial picture which is more
a
realistic and
conducive to the
more likely to be
ассер
tance of
additional taxation. This matter
Could if necessary form separate subject of discussion with the Treasury
Follows' visit here. It would
during me any case of discussions
be deniable to await outcome outstanding claims before finally
deciding the matter.
392
урто