CO129-539-8 Military contributions- basis of assessment 25-4-1932 - 27-2-1934 — Page 31

31

31

and

of which they agreed to the exemption from assessment for

military contribution of the amounts to be raised by extra

taxation and appropriated from revenue to meet intere

sinking fund charges, includes the amount necessary to pay

off the loan raised under the Public Works Loan Ordinance

No. 14 of 1927.

As drafted this paragraph might be interpreted to

mean that the amount authorised to be raised under the

Public Works Loan Redemption Ordinance No.15 of 1933 was

distinct from and in addition to the $28,000,000 while it is

clear from paragraph 8 of Colonial Office letter No. 92622/3

of the 19th August, 1932, that it is included in the total

of $28,000,000.

A copy of this letter has been sent to the

Treasury.

I am,

Sir,

Your obedient Servant,

At Widdow