See (5).
10
The proposed appointment of Mr. Purves
to the post of Water Works Manager and the promotion
of Mr. Woodward to the post of Executive Manager
seem to me acceptable.
Hong Kong will have to make
other arrangements when Mr. Purves succeeds
Mr. Henderson as D.P.W. at the end of 1939, but I
can see no objection to the proposal in the
meantime.
?
Subject to Mr. Walker's observations on
paragraph 8, acknowledge and signify non-disallowance
of the Ordinance, and approve the appointments
proposed in paragraph 10.
P. Roge
26. XI. 38.
Para 8
Заднее
as to the accounting
Inote that it is proposed later to consider covering the fund by specific investments. I do not know what demands for likly the nake
1939
on defend, but if it remains twall oferiae investment is uncensary.
f
The question
the treatment of interest earned by the fund is not descursed Itkent,
1
& presumably
the
Colony with enjoy the user fits fand free. This I
think quite reasonable
interest
an
Mianwal
the
f
и
the Colony receives as
which
the original capital, to oku
It assets acquired from
20% frondes.
of fan 2 ohmy win of 5/5/38, the
of
Ordinance tregns
do not constitute either
the Reserve Fund (hara 2 (iv) of As Evels 3
or the Reversals tund. If the hocedure froposed
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