CO129-623-8 Estimates of Expenditure- includes a report for the year ending March 1951 1-12-1949 - 31-3-1951 — Page 281

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Mr.

Mr..

Mr..

Mr..

Sir

TELEGRAM/

*

To:-

*

SAVINGRAM

* The word Priority may be entered here, if necessary.

Goo. Hory Kory

Fanclough 4/3 alonce

Repeated to:-

Ma Hall

agres

Permt. U.S. of S.

Parly. U.S. of S.

S. of S.

Priority:-

Nil.

Reply urgently required.

Important.

[Immediate,

Most Immediate.

To be transmitted :-

In Near

Cocle

Cypher

code

File No.

3

53652/50

Napps 397

Sent. Coole

1245 hours

6/3/5831

No. 320

Restricted.

Confidential. Secret.

Top Secret and Personal.

RECEIVED

W

7 MAR 1950

In tel C.D.

Distribution:

()

Copes to 94003/10/50'

54:26/5/50

of Cook of Living Allowance

pps

Further action:-

Recic to 1452 for attachment to fill,

Wt. 15855/746 5M 6-48 Wa. & Co. 51/3 Wt. 29377/790 50M 11-48 Wa, & Co. 81/3

Your confidential telegram No. 196. Estimates.

9

approve proposals in

paragraphs 6 and 8 of your telegram hat standard rate of earnings and profits

profits tax should be raubed from 10% to 15% and

be made

that

payment of $5,000,000 should

to sinking fund of Rehabilitation Loan. I will tomorow telegraph comments on

these proposale

which may prove helpful during

Budget.

Debate on

2. I have no

the

proposals in

to

objection

Your paragraphis I and 100 In connection with the financial conference in April

telegram No. 303.

()see

my

SECER