.1597
Present income
£450,000, to
year
be reduced next year by
approx £100,000 ishen Conversion of 5% takes place. Payments for against note
Dear Taylor,
(Goldburs). 6/8/43.
redemption do not reduce capital.
4, MILLBANK,
WESTMINSTER,
45
LONDON, S. W. 1.
(ABBEY 7730)
21st July, 1943.
I understand that you have asked by telephone for details of the component items of the figure of £500,000 given in my letter to Foster Hall yesterday as the estimate of our annual commitments under existing authorities for Hong Kong account.
C
The details are as follows, the amount shown being the average
per month:
Claims from Australian Government for
reimbursement of payments to dependants etc.(after allowing for amount
recoverable from Government of United Kingdom).
£10,500
Pensions, payments to dependants of officials, members of Volunteer Forces etc. issued direct from Crown Agents' Office to individuals mainly resident in United Kingdom.
£18,000
Cost of monthly remittance of escudos to Lisbon for provision of patacas at Macao, arranged at request of Colonial Office (letter of 4th January 1943 No.55077/42)
£4,000
Payments to Bank of England for transmission to British Minister in Berne for the use of the International Red Cross delegate in Hong Kong for relief work (Colonial Office letter of 29th June, 1943, 0.9420/5B/43 covering 6 months after May, 1943)
Total per month.
£10,000
£42,500
/Nothing
E.Taylor, Esq., C.M.G.
15.
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