CO129-519-4 Adjustment of exchange account- payment of military contribution on profit on exchange 10-9-1929 - 10-6-1931 — Page 15

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military contribution based on the fluctuations

of the dollar-sterling exchange. But it would

certainly be much more satisfactory if the

basis of assessment of military contribution

could be altered to one which would allow the

accounting system to be placed on a sounder

basis without costing the Colonial Government

large sums in military contribution. I am not

sure what the War Office (in paragraph 12 of

their memo in No.3 of 62832/29) meant by a

"net receipts basis". It may be that they were

contemplating the same arrangement that the

C.O. is suggesting to the Treasury in connection

with the proposed alteration of Colonial Regu-

lation 291. We may find out from the Treasury

reply to your letter when received.

If desired, I shall be happy to attend

at the "domestic party", though I cannot

pretend to be expert on the military contri-

bution question, which I have not dealt with

for some 20 years.

a

A.1. Harding Harding

Director of Colonial Audit.

9-December,

1929.

7.2. Debr

Wil

you

من الملة الحسن صامت

?

12.v.v. 1/12

of

Sext) & 0x62832/29 for 1828

meeting

:

1.M.M. 19.12.29