considerable extent by the present high rate
of the H.. dollar. The estimatio
based
rate of exchaye
on the assumption that purchaus from Fi vafle with
have to be paid for
the dother
sear
for
P.W. Expenditure
игоре
at the rate
f
น
$1~31-14
아니
abouce 5/ throughout reg 20
provvided should prove to be
Jr
down
of
the amounts
well above what is necessary.
may further be questiound whither the cutting
hem out to the
possible.
Revenue by
by the millions will
It is at
Opinn
necessary.
for
be seen
any
rali
=
quite
at present, that
the League of Nations will not have got sufficiently into it's stride by Dec. 1920 to bacter devote mund attention to the sandanation "gradual suppression" of the
Monopoly.
any
event.
CAND
Despatch, Hong Kong has
of assets
which
budget-
lay
LAL
the
You
indicates
in his
comfortable surplus
t
fall
fall back
upon
in
CAML
at present incalculable in this
result
We risay them fore
the elements
year's
deficit
the
year.
? Tel.
sant 1.45/m
1/2 3/1/20
Reuriculate a!!
de
you. Hong Kong.
undebut
Jour Desp. 6th Now. 356 Estudiants approved.
sanction Ordre LF
rs. p.
R? 28.12.19.
dirt. stating that in Fond
to beam that fine to flabbo
financial fruition Taking into account
Low off
A
L
regara
Rad
th
catisfactory, afte
The forcibility of the
very large part of its
decord from Jimm:
Kind
Sir For Sale Slabbs in giving
erfect of
the
in the policy estimatio,
be charged
ast at it
Lef?
Par
Lcotave
Chant de asti
that
174 7
close attention is the letter
wath. Say the soft agrees generally
regards
aque
& accrued
atrs
P. W. indicated in this P.W.
that the love on
balance.
Couson
wie anty
Whether we
and mention white. with
Jul155455/19
the possibility of taxation
being imposed duristly or indireatly
бо
unston
Cond
A
auret
the
for lond
سياسي
It
On th
incressid charges
afteed & improvement which they inostre
& will continue to
istor.
बडालड
!