CO129-625-1 Trading Reserve Fund 1-5-1950 - 31-10-1951 — Page 19

the t_stimates for 1951/52

Incondusin

5. Lastly,

in view of the arguments addured

acceptat

in

para

10 of your despatch,

I

frally agre

that as

from the 1st April, 1950, interest at

the rate of 31⁄2 % per annum

[pain 9 of (1)])

your proposal

shd be charged

on the maxium

an

on the combined Suspense past of the expenses of the

in the trading accounts monthly balance Accounts Aupt.,

as

that this interest shò be

credited to general

revenue.

I have etc.

19

(Signed) J. GR.PFITHS,