15
Fund for the service of that Fund in the
said financial year". I regret that owing to
'essure of work in this Department it was not
k you
ssible to "onvey my approval of the Estimates
the
losed in Mr. Smith's despatch under reference
earlier date.
ME
I have no comments on part:
rticular items
-enue or Expenditure for which provision has
in the Estimates, but I welcome the
i in paragraph 2 of Mr. Smith's
obtain further revenue to reduce the
Picit, and the decision to re-examine
of the failure of the business profits
tax to ield the estimated revenue from that source.
3. I recognise the heavy burden of special
expenditure which has to be borne by the Colony
t circumstances, and I should like to take
›pportunity of warmly acknowledging the generous
assistance which the Government and people of Hong
Kong have contributed not only to expenditure on
local defence, but also to H.M.G. for the general
prosecution of the war.
ti.
I have, etc.
(signed) MOYNE,