Ves-when the proper time

Comes we shel, insiston

the graduat whitting of 7.6

arentur as

in

is team is

At the end of 1929 it is expected that the

4

Colony will have left a liquid surplus of $2,000,000. In addition there will be over $500,000 re-payable

from loan funds. It is probable by that time that & further loan will have been floated; a it is &o be

hoped that considerable progress will

have been made

with the various waterworks schemes now under con-

sideration, and it will not be possible to meet a very large portion of that expenditure from surplus funds. While, therefore Hong Kong is a long way

from the ideal of a liquid surplus of one year's revenue, its position seems fairly satisfactory.

The final $2,000,000

Public Works hoon has now

issued

constant fuit irened (See 52941/18)

f falling into

of the dartsy the

Treary

of

The

Leean

lange

4 from the very

applications received it appears plani

ther there will be

raising a further loan.

It

? Pur by

نشاك

30-10-28

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difficulty in

offuntly not 135/10 the curt

telment at this stage.

Hermust not forget that,

the rev

$3,000,00

which may fail ut is it lenis the teeltain sufflies to informiter te thain

comfite with the maggherr

Publy ato

Bescher

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