CO129-572-14 Proposed reorganisation of water services 7-4-1938 - 3-4-1939 — Page 83

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that by Ordinance No.ll of 1934

montys appropriated out of the

Kevenue of the Colony for the

payment of interest on the Zonds

of that particular poan or for their

redemption are deducted from the Colony's

them are

assessed for

Revenues before the calculation of the

sums payable under the defence

Depares

Contribution.

The Treasury and the

War Office agreed to thiexemption as

a special concession, however, and on

the understanding that the claim to

treat Waterworks evenue, wherever

derived, on the basis of net receipts

should be abandoned. The Secretary of

accepted

State goods that arrangement (see

correspondence with the War Office sent

to Hong Kong in Cunliffe1Lister's

confidential despatch of the 7th of

March, 1933).

3. We fear therefore that if

you should borrow in due course to

See (16), (18) and (20)

on C.9262/32.

flagged

M

ponté

b/w

renew