Ordinance No. 14 of 1927 will cease
to be operative and the question of
5
repealing Section 16 of it will
not arise, but I am to urge most
strongly that the Army Council should
agree that a clause similar to Section
15 of the 1927 Ordinance should be
included in the new Loan Ordinance
when it is enacted. Unless the
interest on the new loan and the sums
required for its redemption are
exempted from military contribution,
the costs will be so increased that
85
all the items in the new loan schedule with the exception of the gaol producing and that,
are revere
the development programme will have to
be seriously retarded. It need hardly
be pointed out that if and when the
development programme is completed,
it will effect a very substantial
increase in the normal revenue of
Jull
Hong Kong on which military contribution
will be payable.
As