59

2. I am in agreement with the

general policy on which the budget has

been framed. I note that you consider

further retrenchment of staff cannot

be brought about now without serious and

uneconomical dislocation of services at

present carried on, and I agree that

the existing European personnel should

not be reduced otherwise than by gradual

wastage due to retirement in the normal

course.

out & Loan funds tion/of

3. I approve the construction/of

the new Central Market and the

alteration in the loan schedule

described in paragraphs 37 and 38 of

the Treasurer's memorandum/ (Appendix

VI (3) of the Estimates) to lake

that

I note t

Jun

will proceed

Resolutions of the Legislative Council

will be necessary, one to cover the

proposed

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