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telegram from the Governor of Hongkong to the
Secretary of State for the Colonies.
Dated 15th April.
(Received Colonial Office 7.30 a.m. 15th April 1927)
Confidential. Your telegram of 11th April Colony canno t
bear any part of aerodrome or dredging expenditure except by borrowing. As regards financial outlook local opinion predicts a slack period of trade for some
months owing to disturbed conditions in China but is
not pessimistic as to the futuregenerally. Trade has recently shown signs of improvement in Hongkong and goods are reaching China somehow. Great care is being exercised on Government's finances and the
utmost economy in public works extraordinary
expenditure will be made in next year's in order to
balance the budget but works vital to Colony's
future such as aerodrome and dredging should not in
my opinion be postponed.
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