5.
Paragraph 10. I shall be glad to be informed as seen as posmble
in due course of the result of the review of Cost
of Living Allowances, and
151
the meanwhile I must reserve
reserve
any
Comments on
this forst
6. I agree generally with your remarks about
the probable consequences to Hong Kong of a
political upheaval in China. The further influx
of flight capital you foresaw has no doubt
already begun.
In your telegram No. 884 the latest
Estimate of revenue for 1947/48 is given as
164,298,310, which exceeds the estimate of
$152,723,306 given in paragraph 4 of your
despatch No. 100 of the 7th May by nearly
$12,000,000. I presume this arises from the transfer 10
inclusion in revenue for 1947/48 of H. M. G. 's
advance of £750,000 (repayment of which was waived
under the financial settlement), which was
Created
previously charged to a suspense Account.
8.
It would
be
useful of
in
future
sunlar reports, the Colonys
Cumulative emplus
And
be
of the preson's
stated
15
Cla
quarter
could
(26)
(9)
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