9
This netnothe brene in mind. The H. K. Gore gays no
income tax.
G. L.
Burea
Failing
a decision to recard these
"profits" as exempt from Military
Contribution, I think that we ought
to explain the position to Crown
Agents and ask that in managing
the investments of Hong Kong they
look for should phase high interest returns
Cefards both be upon rather its on for / capital affreciation
(always bearing in mind the effect of income tax on interest yield).
when 62832 was recirculated
to me
to
arrange
a
coufe with wo
and Treasy
you
I discussed with
and you suggested that it
would be as
a
well of
we
first had
preliminary conference of out
own
to fich are our scheme
attack (or defence).
We might
wo
"
? Sand copy (1) to Wo officially, asking
Trees4