The Secretary to the Treasury has forwarded me the following minute for advice:
In connection with a loan which is shortly to be raised in London, the following letter was addressed to the Auditor-General on 25 May:
I have to advise that the Treasurer has approved the issue in London of Treasury Bills for £2,000,000. The Bills will have a currency of six months, and will be issued under the authority of Act No. 18 of 1920, for the purposes of repatriation and other expenses arising out of the war.