I see no objection to the use, in
resent circumstances, of the profits
lying in the Trade oan reserve. These
;rofits would, I presure, be ultimately
paid into revenue, and it seems quite
safe to take over a part now.
As to the salary levy, I think
that we must agree. Hong Kong has so
far escaped the necessity of imposing
a levy; and although it is unfortunate
that the H.k. public service should
suffer it just when in other Colonies
the levy is being abolished, that is
no ground for relieving them.
as proposed.
H&K Cowell
2-9-35
9 Гилий
the action, unt
I apie to
that
in practice only any
severe
necessity would justify the imporisia
7 a levy
al
this stage.
The
general
depression of 1931
to ou
the Yast
9 suprise.
ana
expedients
hard to in winpervised
to dial
with
tu
rimation.
We must
ин
allow
i
to
muphoud
ital
tumhnam
ренташий
uituperence
with
the
slaves
り
Ext. official
i a
Caus
which
the
umrtia
to
in namany
in umstances.
CS. Jiffra's
2.5.31*