14

(4) Approving the construction of the new

Central Market and the alternation in the loan schedule

described in paragraphs 37 and 38 of the Treasurer's

Memorandum enclosed in the Governor's despatch of the

18th September, 1936, both of which, it is noted, will

have to be authorised by resolutions of the Legislative

Council.

(5) Approving the new form of procedure for the

introduction of the annual Estimates which the Governor

outlines in his speech to the Council.

(6) Noting that the Treasurer observes that it may

be necessary during 1937 to borrow further money to

liquidate a part of the advances from surplus balances

to loan works, and

That the Governor will no doubt inform us of any

action which he proposes to take in this connection.

P.

Roges 28.81.

ther

and

huw

Ма

Mh Rayes has dealt fully

Scheme of

m th

the present Extimates

the relation to the financial situation

reached in Hong Kong.

The revised

Ests n

the

result of

this year's working

show

that, as

monal,

a

conservative

ervative view

very

him taken o

n

The gield of revenue,

and

in plan of a defient for the

Jear of $3 million (with a

laber

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