balance above referred

to making.

A

#213.690 would

Total of

he

available for deppenditure

account of

The hew

territory, if no Spenser

of

o an unforeseen nature were incurred. But if The roughly Extimated be derived

Z

from the new wrritory

be realized, one quarter

The surplus revenue of Hong Kong would be

of

enfficient in additio,

h

encet the Estimated

Expenditure.

11. Arvever,

all there

Estiventes both

and Expenditure

175

mussearily only Approximate. And we must realize The fact that Expenditure must take place before

taxes and other revenues

I received.

are

Алин

Ausions if porcible, to carry out the development of the new territory without incurring

д

lvan.

I propose for

fou consideration, that

писали

I shall if rellevar

over dev

a cerunt

The Hong Kong & thaughan Bank. I have communicated

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