IMPORTANT

INWARD TELEGRAM

5412

FROM HONG KONG (Sir M. Young)

TO S. OF S., COLONIES.

D. 14th March, 1947, R. 14th

16.35 hrs.

No. 450

Your telegram No. 261.

19

Estimates 1946/1947.

Latest figures as follows:

37

5.5

Revenue

Hong Kong 878 million

Recurrent expenditure Hong Kong $90 million

Dericit

Hong Kong $12 million

£4.875,000 £ 5,625,000 estimated at/ong Kong

tường Special expenditure chargeable to loan

8/40 million, making total deficit of Hong Kong $52 million.

<

50.00

2.

Above figures represent the best estimate possible on the information avaliable, but are only an approximation as local accounts have not been finalised and Crown Agents for the Colonies, which are much in arrears, have not yet been allocated. In the case of stores it is not yet possible to know precisely the proportion to be divided between the current and special expenditure, In addition it is difficult to extract transactions on account Supplies, Trade and Industry Department(a), many of which go to suspense accounts and not expenditure.

toples sent to

DR. Serpell (Treaamy,

Att. Theks Ċ 6. Agents).

і в.

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