CO129-625-2 Finance- revenue equalization fund 1-1-1951 - 31-12-1951 — Page 7

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Mr Sidelothan

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λ (6) the with an initial contribution of $100 million by transfer from the General kunne Balance (less than £ the lalance estimated for the end of the curent froncial grar). He des popoues to tunefer to the Furd the balance standing to the exedit of the waterwochs Renewals & Improsesante Fund (#998,126). The object is to heild

to create a Revenue Equalization Fund

Find to a figure representup approx 3 years' revenue.

4

the

The proposal has her considered by Furance Rest & the D.G.C.A.

& the aft opposite proposes to approve the proposal subject

to the comederating ventured in (1), (2) + (3). The proposal in

pain (2) (5) about the method of transfer is based on your

4 pm 5 of (13)

min of 5.5.49/m 15/04/49 short the creation of a development Reseme Fund for Fiji.

? We

may apome

the proposals in (6) as in the diff

oppositi

Hall

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of you an sunding this to the Bourdillon pestops be

would be asked whether the Traning mud be insulted. Sey

have not been unculted yet.

M. Bandellen

ん

Ishak ho grateful for y

grateful for you

generally von the oftaltached

comments

at this stugan.). The whotly in favor of this

proposal myself.

we are shit,

Lorem ani

but Jam not clear whether

we are, whething we night-

nude any otheja has tremontt

the masury in such mathes.

JM

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