1

2.

Some alteration in

461

such time as the necessary

the

manner in which the

Expenditure

on the construction

of the Cantor - Kowloon Railway

is at present included in the

Treasurer's accounts appears to

be desirable, beat the action

;

which you propose does not,

in my opinion, entirety meet

apparently as it contemplates

the case

that only such portions of the

total annual expenditure

15 met out of available

as

belances on the general

the Colony, until

accourt of

(

funds

accrnt

on

the Loan

3.

the case, buring

one

which the expenditure is

met partly from loan

Account, shall be exhibited

Am

the exccounts

44

the

expenditure on the Railway

44. The total amount

funds and hardly from of the ascertained final

other funds to be Reimbursed subsequently,

r

expenditure on Railway

construction for any year,

in Colonial whether it has been met

is not Exactly covered the provisions Regulation 252; but it

should be dealt with under

the second hard of that

of whether

from Loan funds it has been provided

requlation. I contemplate temporarily from other

should be clearly

a modification of the

Sources,

regulation to provide for shown in the monthly and

such cases.

annual accounts, such amount

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