CO129-345 - Public Offices & Foreign Office - 1907 — Page 807

801

in favour of making

the valuation all in dollar & not attempting how to split the fund

into two for the purposes

Jsca Ivaluat, this is

^

the conclusion adopted

by you in

para (1) $

Yr. second

memo.

7.

However, in

of

proceeding

dollar

possibility

Lavalnation /

Fund I

the fund as extles wely

see no advantage

I prophesying the

limits of fluctuation

within which the rate

the dollar

may

range;

we did so it

I even if

hoď bie necess

necessary,

pointed out in para. 3

of this letter,

an

to prophesy

a double event, wh wd. require the intervention of the major prophet.

Whatever rate is taken

Austasaaressary would be smifly guesswork,

a

and therefore the Simplest

way to thing wa bue to adopt the rate at the date Strainat

Spvaluation

8. Any conclusion arrived at, wo be so

versy speculative that

in

my opinion, the

ust be justiffied

5875

on this ground alone

in refusing to allow the Fund to continme

Juns

Ave will write

5fficially to you

Shorth

whole

grostion. If, however,

the fund is to be taken over by the Gourt we

shall probably have a was) valuation, dig for

the purpose of showing

on the basin, say, unganate of garh,

arrivat

whether we fan assun

* Sunplus for disint