MINUTES.
MINUTES NOT TO BE WRITTEN
ON THIS SIDE.
No 402.
63017
RET 20
267
GOVERNMENT HOUSE.
HONGKONG.
1st November, 1921.
Sir,
Gor
12234
Governor's despatch No. 5 of 3rd Jarmary, 1921. Secretary of State's despatch No. 83 of 21st
11237
March, 1921.
With reference to the correspondence noted
in the margin, I have
the honour to state that
the necessity for setting the high limit of $200,000 for the value of the standard stock of the Public Works Department during 1921 will certainly be no less strong during 1922, in view of the large programme of public worke in contempla-
-tion.
Indeed, on account of the rapid growth of the Colony, it is doubtful whether it will ever be possible to reduce the figure below $200,000, and I would suggest that that limit might be retained for the present, and the question reconsidered after three years.
I have the honour to be,
Sir,
Your most obedient humble servant,
7.2. Stubbs
Governor, &c.
THE RIGHT HONOURABLE
WINSTON CHURCHILL, M.P..
80..
&0..
&c.