not
in spite of its having son
advocated earner in the year on, a Taxation Clee.
including unetficials noembers
sumes that we should not want
Gor. assumes
The official majority need to force the tax through against strong opposition. One would Expect the implication to be that it will be
recessary to compromise; but the Gor. seems to think that that would not the "that it would be necessary
idea
of
32
enough,
to drop
The
income tax altogether, and with it
Can.
that of an adequate gift to HIMG. It will be seen
from (20) that the gitt templated was of the order of $7 to 8
million.
a
There is Committee which will ex- amire the Gait's proposals in detail. linfer from the tel. That this is a Select Clee. of the Lorg. Co.; not, at any rate, the Chee of The Ewropean Chamber of Commere men- tioned elsewhere.
16
appears likely that Some sort of compromise will be n
nece
necessar in the Chee, but in view of the line of criticism at 'A' above, this might begin with an adjustment of allowances exemptions & a consequent reduction in estimation yield.
There will, it appears, now be consider able delay, and the second part of (21) Consists of a request for early approval of Special local defence expenditure, with some Suggestions for meeting it on a capitat be sis seats
an advance from
علم
These are (c) raising the balance of the 1934 Loan, to liquefy the swiplus balances T (b) strengthening the latter on talurg into account the Exchange fund Susplus.
I cannot see the Treasury, agreeing to (a); and I am told that (B) was discussed not long ago an' Beanamic pp. here
[and]
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