Ministry of Economic Warfare.—Responds to Pethick-Lawrence’s comments on his appointment to the Privy Council and his radio broadcast (see 1/196). Has advised Kingsley Wood that Boots ought to be exempted from the purchase tax.
Treasury Chambers.—Explains why he has not reduced the tax on bedding.
Treasury Chambers.—Thanks him for his help with the Finance Bill.
Treasury Chambers.—Will forward Pethick-Lawrence’s letter (see 3/318) and his book A Levy on Capital to the Chancellor (Wood), who is out of London for a few days.
Broomhill Bank, Tunbridge Wells.—Acknowledges the receipt of his letter (see 3/318). Will read his book (A Levy on Capital).
Treasury Chambers.—The Chancellor (Wood) has read A Levy on Capital (see 3/319), and will return it at the first opportunity.
Treasury Chambers.—Thanks him for his letter (congratulating him on his broadcast; see 3/320).
Treasury Chambers.—Pethick-Lawrence’s suggestions about old-age pensions (see 3/322) are being examined.
Treasury Chambers.—Asks Pethick-Lawrence to put down a question in the Commons in order that an error made by the Chancellor (Wood) may be publicly corrected (see 3/323).
Treasury Chambers.—Clarifies details of the figure he quoted, originally in error, based on the formula in the Clearing Union paper.
Treasury Chambers.—Gives details of the savings made to date in the ‘Wings for Victory’ weeks.
Treasury Chambers.—A regulation is to be made to extend the period for which the Treasury can authorise increases in the fiduciary note issue over the statutory amount.
Treasury Chambers.—Acknowledges the receipt of his letter to the Chancellor (Wood) about ‘pay-as-you-go’ tax (see 3/325).
Treasury Chambers.—Has been on holiday. Will be glad to discuss Pethick-Lawrence’s remarks on ‘pay-as-you-go’ when Parliament reassembles.
Treasury Chambers.—Will discuss the US currency proposals with him when Parliament reassembles.
Refers to Wood’s letter (3/304), and emphasises the need ‘to smooth over difficulties during these present anxious days’. Hopes their talk yesterday will lead to a lessening of tension. Sends a copy of his book A Levy on Capital.
Asks for the return of Pethick-Lawrence’s book A Levy on Capital, which was lent to Sir Kingsley Wood last year.
Commends his radio broadcast.
Ask him to consider the financial difficulties of various classes of old people who feel the burden of income tax particularly heavily.
Suggests small concessions which might be made with regard to old-age pensions.
(Question:) What is the theoretical aggregate of the quotas as defined in the clearing union plan, on the assumption that all the United Nations came into the scheme?
(Answer:) The aggregate amounts to 25,000,000,000 dollars, not pounds.
(The note is a… read more
(Question:) Asks for a statement of the exchange rate fixed for the occupied territory of Italy.
(Reply:) States the rate of exchange for the lira in the parts of Italy occupied by Allied forces, and refers to the difficulties in assessing the relevant… read more
Offers suggestions about ‘pay-as-you-go’ tax.
12 Buckingham Palace Mansions, Victoria, S.W.1.—Returns thanks for sympathy (on the death of her husband).
Proposes various measures in connection with the War Savings Bill.
—————
Transcript
21st. August. 1940.
Dear Clem,
I had a talk with Kingsley yesterday about the War Savings Bill, and as you probably know we are proposing at the Party Meeting to-day to… read more