CO129-539-8 Military contributions- basis of assessment 25-4-1932 - 27-2-1934 — Page 87

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Hong Kong dollar.

The latter are,

in fact, much the more important

of the two, and it is not possible

to confirm the Army Council's

understanding that the amount

involved can only be very small.

12. As regards paragraph 12 of

your letter, I am to state that the

question of making separate provision

for investments from land sales

revenue and the income arising from

such investments is receiving

consideration.

13. A copy of this letter has been

sent to the Treasury.