Miklund
M.
Wittayle 1 Palmer Tu Camis
Istemedliche li havra Ment note on the pros....
Dear Gater,
eas
101
Chambers, า 24
Great
(reat Beorge Street,
S.W.1.
23rd July, 1945.
I have been looking at our papers about
Hong Kong Government finances and I am bound to say
that I find them disturbing.
On Colonial Office advice we provided
$900,000 for Hong Kong in the original United Kingdom
estimates for this financial year. This admittedly
was shooting in the dark and early in April Hong Kong
telegraphed a full appreciation of the position from
which it appeared that the Budget deficit was
estimated at £1.4 million. In addition special
expenditure on rehabilitation was put at fl.1 million
which it was hoped to raise by floating local loans
Farly in June Hong Kong come home again with a Budget
deficit estimated at £3.9 million and on the strength
of this we agreed, at rather short notice, to submit
a supplementary estimate for £3 million. At this stage it was still assumed that the special
Sir George Gater
G.C.M.G.,K.C.B.,D.S.O.,
Colonial Office.
expenditure