W(BL 51-74 33

NOTHING TO BE WRITTEN IN THIS MARGIN

Registry

No.

HKK 6/548/6 DRAFT Saving Despatch

Type 1 +

SECURITY CLASSIFICATION

Top Secret.

Secret.

Confidential.

Restricted. Unclassified.

PRIVACY MARKING

............................. Confidence

(7)

Ends sent

Muis Bison

Утре

Dzo

(3)

(6)

(2)

Copy to Dr. Sellers,

Have Yong God Office.

To:-

Sir David Clive

Crosbie Trench, KONG,

-HO.

Governor, and Commander

HONG KONG.

No673

in Chief,

From

H.H. Stewart

Telephone No. & Ext.

Department

I am sending you copies of the Customs (Import Deposits) Bill which was given its first

reading in the House and ordered to be printed

on 26 November: it was published yesterday.

Section I of the Act will have effect as from

27 November and the Bill is being debated today,

28 November.

2. For self evident reasons the Import

Deposit scheme which, as you are aware, was

announced by the Chancellor of the Exchequer

in the course of his statement about the inter-

national monetary situation on the 22 November,

immediately after his return from the meeting

at Bonn, had to be introduced without delay.

The measures were therefore brought into as

near immediate effect as possible by a Ways

and Means Resolution on 25 November; а сору

of the relevant Order Paper is enclosed.

Resolution provided the necessary authority

This

to collect import deposits as from 27 November.

3.

There is room for misunderstanding in the

JANI MANAT fact that it has been necessary for technical

reasons, arising from the wording of the

Provisional Collection of Taxes Act, 1968, to

refer to these deposits as "Duties of Customs"

which of course they are not. This was

Rc.o

alluded to in paragraph 2 of Immediate Telegram

to Algiers No. 403, which you have seen.

In the same.

telegram we referred to the likelihood

/that we should

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