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(g) Small craft supplied by the Ministry of
Transport £3,187,000.
(a) Shipping Control Board $3,500,000-
(1) Olsims in respect of requisitioned material
$25,000,000
as follows:
Total $72,730,000.
The position regarding these liabilities is
Items (a), (b), (c) and (d) have been met but the total still remains in suspense and, in eccoedance with en undertaking given to this Council by Sir Mark Young, has not yes been charged to expenditure. The anticipated revenue surplus for 1947/23 of 230.000,000 will now be ingrossed to $12,000,000 by generous gesture of H. d.&. in, inter alia, waiving repayment of advance of (26750,000). The further gift of $1,000,000 will increase the available surplus to $58,000,000. This will enable all remaining. liabilities to be met from expenditure with the exception ar final, which is an approximate estimate of a legal liability which this Government must asAUME. So far as can be soon, liabilities only exist in the case of requisitioned 7essels for damage or laan occuring during the period of requisitioning and since the Service Departments vere concerned, negotiations are proceeding with those Departmenta with a view to their meeting Gaese claims. brief, apart from the final item, the Colony can discharge its outstanding liabilities and show a balance of approximately $10,000,000.
also be made,
-
In
A brief explanation of thous liabilities may
3.
I should be glad to learn if you approve, have reason to hope after discussions unofficially that settlement may be welcomed by unofficial mothers in the light of the above easvers.
Copies sent to
Treesury
Admiral by
Grateful for urgent telegreculo reply.
Me, D.R. Serpell. O.B.R.
Severe.
Ministry of Transport
Đ
Ho. D. Haigh.
W
K. S. 7. Narren,
MX. C.R, Caime, M、C
Air Ministry
War Office.
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