55
in
calculating
the net receipts of
recognized productive undertakings.
The principle
that the realised profits
from investments of general revenue should be subject to assessment to military contribution, to which eference is made at the end of
the sevente para
accepted.
is also acc
I your letter,
As regards the water, works
I am to request
Loan ch
charges,
you to inform the Army Couvil
that the S' of Sis willing to
withdraws live claim make
the waterworks in the New
Territories should be regarded
productive enterprise
as a news
I am to add that itvisa lie
will be
nosk how. of Hongkong in being requested
to