Date.

1911

HONG KONG

19129

195

Expenditure

محور هریری

A.co.

Matinals tilöres

C.0

19129

169

REC? REGE 12 JUN 11

&

May

ast previous Paper.

€3264/10.

1,413). W.28,032---50.

46,000 11,10. A.&E.W.

ext subsequent Paper 393.

1912

pa

Average expenditure for last 4 years has been of 200.000, Having regard to wives statix asks authority to plass values of

standard stock at $200000 be Amount:

Mr. Slubbs,

instina of $120, see which would

accordance with memo sent:

Mr Stable

? Mr Stephenson for obsons

Row 16/6.

Mr Stephenson

QJ16

-Under his conditions mentioned in the derp, it is srident heat for some time his Shand and stock must be in incers of that contemplated in the kemorandum, and posibly

$200,000 woned not be an unreasonable amount to ako. And it is important that unnecemaril lange recamulations o resure chores showed he conefully guarded agacial, specially in a damp climate much as that or they harp, and I suggest that shile this amound

may

bersendlined in his beginning it honed,

and condition that offer tä are made to labrias it as soon as

bonible to an amount more neare, zqual to six martin

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