Lord Milner: There is really a compromise possible, namely, to allow these notes and receipts to be presented, and to introduce again the limit of £1,000,000.
Lord Kitchener: Would that meet your difficulty?
General Botha: No.
Lord Kitchener: Would £2,000,000 or £3,000,000 meet you? We want to have a limit, so as to know what to do.
Chief Commandant de Wet: It is impossible to fix an amount.
Lord Kitchener: If you could fix a limit it would clear up the matter.
Chief Commandant de Wet: With that I fully agree. I appreciate your standpoint, but it is an absolute impossibility to name the amount. Let us withdraw for a moment to discuss this point.
The meeting then adjourned and met again at 2.30 o'clock.
Chief Commandant de Wet: We have agreed to fix an amount of £3,000,000 for Government notes and receipts, which can be reduced pro rata if this amount is not sufficient. We have drafted a clause to submit to you.
General Smuts read the draft, which is embodied in the last paragraph of Clause 11 of the draft agreement. (See p. [117].)