7
a known liability on a known date
can not reasonably be regarded as
Speculation:
gambling:
of Humbling.
indeed it is the reverse
Speculahon.
It is however possible
spemlation
to hold that an element of gamblinsą
if that expression may be used, did
enter into this particular transaction
since it was not a case of arranging for
a definite liability having to be
discharged on a fixed date.
3. The remittance of money exactly
when money is required, without the
freedom to use discretion as to the best
not
time for remittances would be an
advantageons
unintelligent procedure and would in
the long run almost certainly result in
a loss which could have been avoided.
In my opinion the Hong Kong Government,
with the expert advice available
locally, ought to be in a position to
remit, broadly speaking, at the right
times.
4.
"