Wt. 49614/485 3/46 50m. S. & S. Ltd.

54126/1/46

C. O.

Mr.

Palmer.

Mr.

Mr..

Permt. U.S. of S.

Mr..

14

Parly. U.S. of S.

Mr.

Secretary of State.

55

C. D.

30 SEP

Є

8 10 46

DRAFT. S/O LETTER

D.R. SERPELL, ESQ., 0.B.E.

THE TREASURY.

24.5.46 [ No. 43

C

henco

37

FURTHER ACTION.

Copies also sent

derinti

Man Wilson

русси

42]

35]

Dear Serpell,

Hong Kong Estimates

We have already sent to you a copy

of the Governor's telegram o. 996 which

sets out the steps it is proposed to take

to increase revenue. The Governor makes

no mention of the taxes on liquor and

tobacco to which we referred in our

telegram No. 600 and we propose to draw

his attention to this and ask for his

specific comments.

༢. I enclose a copy of a Third Personal

Note from Hong Kong transmitting the

detailed estimates, I think you will

agree that the Hong Kong Government is

to be congratulated on producing printed

estimates so soon after the establishment/

of civil Government,/together with a copy

of a covering memorandum.

I do not think, however, that it is

possible to examine these estimates in detail. Apart from the items of personal emoluments, the provision under the

various heads must be more in the nature

of intelligent guesses than considered

estimates of pre-war accuracy.

In a separate letter regarding the

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