CO129-556-10 Defence contribution- legislation and correspondence 2-12-1935 - 15-12-1936 — Page 9

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for the

of the Defence Contribution

undertaking, only the net receipts

of which are liable to assessment

for the purpose of determining the

Colony's military contribution.

2. The Army Council are

agreeable to the Sand Monopoly being

classified as a productive under-

taking under Ordinance No.43 of 1935,

subject to the condition that, in

order to arrive at the net receipts

assessable for military contribution,

only such expenditure as is directly

ordinence

concerned with the productive aspects

No! Y 1991,

amended by

43 1 1935

of