CAB129-45 — Page 93

Page 93

matter

3

propose also to request the Company to appoint immediately, with the necessary powerse anteée Vice-Chairman with full authority to pag the affairs 7. of the Company in order and to review the revenue policy, i.e., the policy of charges for admission after the first few weeks of experience. glo di northerly

12. Development expenditure on the scale that has had to be undertaken cannot be liquidated by any conceivable revenue from the Gardens in the six months of 1951 for which the Gardens will be effectively open. If the Gardens and the Amusement Park prove popular, it is the intention of the Leader of the London County Council to negotiate for their continuance. When those circum-th stances arise I should expect that reasonable financial arrangements could be made with the London County Council by which, over the subsequent period for which the Gardens open, a due proportion of the surplus income on future operations shall accrue to the Treasury in reduction of its loss.

13. I ask my colleagues--

2

(1) To take note of the situation described above;

(2) To agree that I should make an immediate Parliamentary statement super- seding my statement of 6th March (see paragraph 5) and announcing that the Government will introduce legislation at the first opportunity to provide for a further loan of £1 million from the Exchequer;

(3) That, as legislation cannot be introduced in time to give statutory authority for the immediate advance which is necessary, the Chancellor of the Exchequer should be invited to agree to an advance from the Civil Contingencies Fund.

Foreign Office, S.W. 1,

15th March, 1951.

H. M.

mentions teaten fort smaz sutt 12. Jeno into sdi soods ocoli sit of SVAY VignoKWID armacies/utors a wetenstal als dere bud langes made by:if dialvidi not been ad hall be stel. ofdizzoq mastaro ob je wegg als het naitalaipal souborni or foulage altavte sa vol sinwavognans tdi woga misoned wh uh wond and nt angefa eldua ni ynrame) edi on stare ad floods volllim 13 12 mkel stamils od

suvate befehlerton me i

nuk shi cong viivains dynowed) a culleni ol spogong 1 bos doididongue off