|Letter dated 26 September and marked 'Confidential'. Chamberlain writes to Hicks-Beach [1837-1916, politician and first Earl St Aldwyn] to clarify his proposals relating to Cyprus. He explains in detail his plans for creating equilibrium in the annual budget, arguing that he requires a subsidy of £40,000 per annum and asking that this amount be entered into the Treasury's estimates. He goes on to describe his plans 'for permanently improving the financial condition & developing the resources of the island' through railways or [irrigation?]. He wishes to commission a report on the financial viability of the latter before asking for a loan for the necessary work.