other
148
(c) subject to Evine consideralinis, the General conce
taxation showed
ravich
considered and also every possible source of
revenue.
7.8.
The question of the raising of loans will also
require consideration not only for financing
expenditure included in your telegram which could
reasonably be charged against loan funds, but for
further expenditure in connection with re-
habilitation. I should be glad to have your views
on the possibility of raising the following types anistina of loans:-
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10
Among other subject it would be useful 11⁄2 discuss with him
(a) the possibility o
the early introduction の
are income luk
(b) any preliminary
many have
Mans that
shawn
пр
in
Hong Kong for the use
of the Colony's allocation of (Stoniel Development- und Welfare assistance. 3) the subject refined + in pm-graph 10 of us telegram
89.
(a)
(b)
(c)
Local dollar loans giving period at the
rate of interest;
introduction of Saving Certificates the
sale of which has proved very successful
in Malaya;
introduction of Post Office Savings Banks
which is of help to the small investors.
Certain points of detail in your telegram
have been discussed with Barnett who has just
arrived in this country, but it would be useful
if . Followes could pay a short visit to this
country as soon as he can conveniently be spared,
to discuss the financial situation generally.
J.
It is suggested that the following questions
referred to in your telegram which raise important
points of principle, should form the subject of
separate communications:-
(a) employment of Chinese in technical posts;
(b) expenditure on Social Services.
10
10. The allocation of Hong Kong in the CD & W
Vote in the next 10 years is £1,000,000 and you wil
doubtless consider what seemes of development can
be submitted which can be financed from that
allocation.