the
5 mall
availabe balancer
of the Colony should be
immediately swallowed if
in the executions of
extra.
Public works as
ordinarily proposed by the Unofficial
members of the Legislative Council, as I
very
as I consider it
desirable that the
Considerable
Colony should possess reserve
to meet the
demands, to be employed in the
possibility of an
Expenditure in
necessary &
the unexpected & unavoidable
diminution in the Colony's
Revenues. The present
Hong Kong
balances are
comparatively trifling in
amount
14 I concur in the view
expressed in para: 4 of
your Despatch under ack't
that the proceeds of Land-
sales are properly applicable
only
to Works of permanent utility. This view has been
frequently expressed in Despatchs
from my predecessors, & it is
in accordance with this
principle that it was laid
down in par: 26 of
the
Instructions for the preparation
of Colonial Estimates referred
to above that in the Absence