30. Gor
tel. 699 Sav
31. J. P. Bancroft (Jr)
Mc (30)
20-10-48
19
27-10-48
is the first of the reviews
financial position and
This
of H.K..
policy
which they
are
required
Α
submit
an
part of
the
the
Immer
arrangements
Treasury
replacing
control.
So far
revenue is amearmed
at the half-year in
position at the
the position
sat is factory
maintamed
will be
and if the
trend is
the
estimate for
13M. I note
exceeded by $
the
year
however that the figures quoted in
Para 2 of (30) show revenue under the
principal heads
It
would be
be if
to
the
be
year
bemg
$ HM less than estimates for the maintained;
presumably
the estimates otherwise
revenue under other heads munt
be considerably us
the general position would not be as
favourable as it
appears to be.
Assuming that receipts from Earnings and
Profil Tax
and Tobacco Durty buck up
six months, there should
difficulty in
over
the
next
be
exceeding the
estimate of
revenne for
the
wartime
refers Junk
year.
Apart from the outstanding liabilities to which the Govern the expenditure position is not,
unsatis
since
factory, we must take it including the
including the large tem und the figures in perey of Back bay under
I think
Supersede so this figure will re:
cam impera. 6,
$7517
-$
W.
Report
even
in respect
9
the Salame's Commission the estimate for the six months
is only $72=M compared with the estimate