SECRET

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HỌ: hOFT

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12

CIVIL AFFAIRS POLICY DIRECTIVES

Kevised Draft

FINANCIAL POLICY

23/6/45

the

In general, as and when conditions permit, revenue should be collected in accordance with the legislation in force

should In due course consideration will be

on December 24th, 1941.

given to the introduction of a general income tax.

2.

Hong Kồng should remain a free port-except that, Imperial reference should be preserved on alcoholic liquors,

motor spirit, and tobaceo.

4. Japanese business monopolies should not be maintained

permanently and Japanese run lotteries should not be revived. Minor modification in respect of licence fees made by the Japanese may be accepted at the discretion of the General officer

commanding.

5. The Government opium monopoly is not to be restored.

6.

As soon as the situation permits Budgetary Control and estimates of revenue and expenditure should be re-established

in accordance with colonial regulations.

7.

Valid pre-occupation claims against the Government

should be met as and when they can be verified.

8.

Special arrangements should be made to examine and

deal with claims on account of war damage.

q.

The future currency and the treatment of Japanese

issues are dealt with in a separate directive.

2.

Hong Kong

shrafd

ex

free

confined,

motor spirit

hout, and import duties should

as in the past, Tualcoholic liquors.

Tobacco.

3.

That dome

ma

mreserved.

main and

It may

مرح

bo

of Imperial Preference wilsbo

Para fore Prewar preferences should. unless and until varied

16 His Majesty's government

at the dineation

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