63
that such benefiting of ~ posterity at the
expense of
the existing tax-payers is unfair to the latter and inconsistent with sound
principles of finance. But apart from this general. principle
ile there
are
spesial
considerations, which I shall
proceed to set out, that
render such
a course.
peculiarly undesirable at the present juncture Hongkong.
in
کرم
3.
3
The current account
of the Government at the~ bank is at present overdrawn by upwards of $160,000, and we have to pay 54% interest
on our
overdrafts.
The
suggestion of the Committee
involves our
being overdrawn
by annually increasing amounts for
years
a series of
under even the most
favourable circumstances, and if it were adopted, should practically
we
remain
overdrawn