7
As
proposed.
Ctr once.
Am
2/9135
D.h.
1&star
2/9/55
2 Tee. No. 142 to Go Hikong 2
Lep6/35
C. 9'6
Financial "Exchange
SEE
13816
816/33
3 OA.G. Tel No. 241
Unofficial members will
36.9.35
press for forward
sechange contract. Consides this improper Ato whe the he may say I/3 would not
sanction qua a
Courel
My
Gay
hot dog on
* Leaving $10,000,000
as total of sur- plus balances in
reserve.
Sir J. Campbell.
The Government of Hong Kong is, as
you know, facing budgetary difficulties as a
result of the severe economic depression
through which the Colony is passing. The
Colonial Government has just introduced into
the Legislative Council its Budget for 1936,
for which they have taken the exchange basis
of $11s. 8d. With the use of surplus
balances to an amount rather more than
$2,000,000* to meet the cost of Public Works
Extraordinary they have to face a deficit of
about $831,000.
A