CO129-550-1 Estimates 1935 14-9-1934 - 15-9-1934 — Page 4

3

to be

fully appreciated

m

by the

HK Gorl

that

the

Estimates

hem to be framed on

a

Conservative

trus is

that

rapid adjustments may

be needed

10 sunt

the

tharping hand of

trade

exchange.

7 Le

Estimates,

ar

how

down up, provide for

small exeur

I expenditur

(maluding

reveme

?.W.). Sxhandary) ove

the Colony wi on

That

at the wood of 1935-

-end

مرا آرما

Сере

in th

Sunplus assets

?

$ 100 million.

In th

mecent state of uncertainty

ん

about

The

This is probably

advantageous

as balance;

hur if the collar beecks rising it might have

A

been better not to pay

the starting

abo!

Future of

4.K. Ś exchangey

done well

fear 7

dollan Capis

silon quot the

The Colony has

to fat and of its sterling

or a

to replace it

waite

23/1.

Sir I Comphell to

see later.

11.Gul

23/4

ocal

Kunks.

205/54

31