94
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other Colonies which may be affected, If the rates of interest at which loans are raised should subsequently diminish appreciably, the Council may desire to reopen the question of the rate of allowance for future capital expenditure, The Council agree that the treatment of this allowance, if the Wireless Telegraphy undertaking is transferred to any other body before the expiration of the period of 50 years, running from 1932, can be left for consideration when such transfer arises.
B
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Use of Government Motor Vans.—
3. The Council now agree, in the light of the further remarks in your letter, that revenue from this source should be treated on the basis of net receipts.
C.
Gap Rock Lighthouse.
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4. The Council are prepared to agree, as a special concession in view of the exceptional interest which the Colony apparently take in this claim, despite the trifling amount involved, that this claim shall be wholly excluded from the revenue subject to assessment. It should be clearly understood that this concession is without prejudice to the general principle that "no item which was included in assessable revenue when the percent age was fixed can now be excluded without reconsideration of the percentages",
Anti-piracy Escorts.-
De
F.
5.
Overpayments.
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The Council agree, in view of the remarks in your letter and of the further information which, has
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/been.
No comments yet.
Private notes are available after approval.