General De la Rey: "My issue of notes amounts to between twenty and fifty thousand pounds; but I cannot say what the issue in receipt has been."
Lord Milner: "There really is a feasible compromise, namely, to allow the notes and receipts to come in and to establish the suggested limit of £1,000,000."
Lord Kitchener: "Would that meet your difficulty?"
Commandant-General Botha: "No."
Lord Kitchener: "Well, would two or three million be sufficient? We must have a limit before we can do anything."
Commander-in-Chief de Wet: "It is impossible to stipulate the amount."
Lord Kitchener: "If you were in a position to give a limit, it would simplify matters."
Commander-in-Chief de Wet: "I agree with that entirely, and I can quite understand the position in which you are placed. Yet it is absolutely impossible to assign an amount. Will you give us your permission to adjourn for a moment in order to discuss the matter?"
The meeting was then adjourned. It reassembled at 2.30 p.m.
Commander-in-Chief de Wet: "We have agreed to fix on a sum of £3,000,000 for the government notes and receipts; their amount paid pro rata can be lowered should this sum prove insufficient. We have drawn up an article to lay before the meeting."