as low as 743⁄43⁄44. It must be remembered also that publie attention has been called to the

defenceless

celess state of Hongkong by some of the English newspapers;

and this arcumstance will be

taken into consideration when al

loan without au

Imperial

Guarantee is attempted to be put on the market. Under these

circumstances I think it

advisable that the Government

should postpone for the present

any endeavour to raise

· by

money

borrowing in London, And)

from

I think this could be done.

one year or

lwo

Years.

if necessary for

The balance of resets of the

leolony on the pot Jammary lack

to

is

i's estimated at __ I see no reason

for

anticipating a reduction

123

7659.470

on the revised Estimates of Revenne

of 1885 seut home in dammary lash=1,137.558

Add the unclaimed

balances transferred to credit of Colony by Ordinance N27 of 1885 -

27,000

$1,824, 028

The revived expenditure

$.1092,981.

of 1885 is. and extraordinary works

594, 700

1687681.

of

The pelinated balance

assets on 12 January 1886 is

12th

therefore

$ 136,347.

}

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