CO129-625-2 Finance- revenue equalization fund 1-1-1951 - 31-12-1951 — Page 3

5 you

3

Sow 1168 Cany

18:10:51

(s) evidence, crossed (4)

Put by

Kl. Clouh

23/x

ツ

6 you

Deesh 148 Conf

22-12-54

M'

Mr Mordecai. J.G.C.A. M' Hall.

Pl. see (6).

The Gari proposes

fund to

L

to institute

a

Revenue Equalizatio

. cushion the shock which might be occasioned

to the financial position of the Colacy by a sudden depression"

He cites as (see

C

memo

precedent the Nigerian Equalization Fund

behind the ene

to 161) and proposes

start the hand by transferring to it $

the General Revenue Balance.

to

100 m.

fram

He also

proposes

transfer to the fund the balance of the. Waterworks Renewals

the

Improvements Fund, wrigin of which is obscure, to the destruction of Gurt pps by the Japanese He also proposes to drop the idea of establishing a Rly

owing

Renewals Fund.

The for' encloses a copy of H.Ki capital expenditure

programme up

a

till 1956/7

prints out the wisdam

reserve to counteract the effects which of farming shump wit otherwise have

maquitude.

we

a

programme of this

a

Subject to the obsons of Finance dept D.G.CA,

may approve

▸

there proposals, which seem wire.

J.d. Andorm...

8/1