CO129-539-8 Military contributions- basis of assessment 25-4-1932 - 27-2-1934 — Page 23

93

2: 20 W.0. w/e end.min) –

boys. 30 DEC 1933

26 W0-16 / Abroad (276 (8.1)

Both *

30th Jany 1934

(acks N = 25 & tro. obsons on the Draft Bill for consideration)

2

aj.

Sec 3 (2) vii

The Wo. wish to keep open the question of exampling the profits arising how the appreciation f

9 investments from assessment for Military contribution purposes, in

it

may

15

q

order that reconsidered in the Event invested herpes Valances, If the Colourf

of the Surplus

of

" becoming of large amount at and future time. they assume they be

informed

Should

dolls this contingency arse.

It is difficult to Know how the phrase "If large amount" can be translated into

and :. how it can

teruns

9

for $.

b

possible to give," the Wo the assurance they require. ( From prog of the Hong Kong off Estimatio for 1934 it appears that at 31.12.32 the Market value of of Surplus funds was £111. 747)

Ithick the

boj Sze 3 (3) ii

by the 6.0 can

fre 3 (4)

investment

assurance asked for

will be given

The alternative wording Suppssted by the top is given opposite the relevant Bection of the Bill W/e 24); that wording appears

to reflect accurately the agreement in para 63) 9 and para 2 of

Rached