WX SECRET.
AIR MAIL.
Sir,
LIVE
1536
207
18207
GOVERNMENT HOUSE,
HỒNG KÔNG.
6th March, 1936.
Sicut in aie
Cify annexed.
With reference to my confidential
despatch of today's date forwarding a petition on
the subject of the Salary Levy, I have the honour
to refer to Mr. Malcolm MacDonald's secret telegram
No. 180 of 26th October, 1935, in which he stated
that he was prepared to approve the temporary
relaxation of the $10,000,000 reserve limit to the
extent necessary to balance the budget for 1936.
2.
This was not overlooked when the
salary levy was imposed, but the estimated deficit
is so large that I did not consider it prudent to
risk having to charge the whole of it to the surplus
balances of the Colony.
I have the honour to be,
THE RIGHT HONOURABLE
J.H. THOMAS, M.P.
&C., &C., &C.
Sir,
Your most obedient, humble servant,
A Caldecot
Governor, &c.