Governor.

than

Tel

1904 30 Nov

as previous Paper.

Foo

37980

HONG KONG

N0555

(Subject.)

Estimates 1905

C.

401

DESPATCH

40555

Result of negotiations as to opium revenue is reduction of surplus from now on made up by revenue from remainder of revenue; loss assessed rated &

"loan not required.

Party

£ $ 1, (76) −13920=-*•*v«>«? I-8°

2313-5000-44

Next subsequent Paper

Goo

Jog

04-5

(Minutes.)

Luces

Apart from the financial matter arising from the possibility of the suction of Authority, a sum exchequer borrowed defends whether the additional tax to the margin of underestimating will be sufficient to pay for supplementary expenditure (which generally large) & for the moiety recently due to H.M. Govt.'s mail service subsidy?

Wait for despatch.

&puty C.Pd. 1 at me

4" Par. 1/12

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