CO129-623-9 Estimates of Expenditure- includes a report for the year ending March 1952 1-2-1951 - 30-11-1951 — Page 186

is mast impulent,

246

that these must be the governing factors in present

circumstances.

I will not, therefore press for the

imposition of additional taxation at this stage though

in this connection I must draw your attention to paragraph

4 of my despatch No. 341 of 18th December regarding the

financing of the Reservoir since with the increasing

responsibilities of the U.K. Government for rearmament qu

there is unlikely to be any easing of the situation as

regards the raising of Colonial loans in London.

regards the contribution towards the cost of reinforce-

ments please see my telegram No. 299 in which the hope

was expressed that the contribution would not be less

than last year's.

4.

Your paragraph 7. Development and Essential

Commodities Equalization funds. I agree to these

proposals and will be replying in detail separately.

ÁS

(7)m 54307/50,

(94003/10/51)

Copy at (5)

(54460/1/51)

5.

Your paragraph 8.

telegram 298 confidential.

Consolidation.

SECER.

Please see my

(4)