[7713) Wt. 40552;714 50m 2/48 C.N.LQ 748
C. O.
Wallace
Mr.
2/9
Mr.
Paskin
Mr....
Mr.
Mr.
DRAFT.
I.P. BANCROFT, ESQ.,
TREASURY.
53652/48.
189
C. D. R. -3 SEP
D.
of
Permt. U.S. of S.
Parly. U.S. S.
Minister of State
Secretary of State
Your Reference........
194.
Ansel (22)
For Mr. Wallace's signature.
Dear Bancroft,
FURTHER ACTION.
Herewith a rather belated draft
of a despatch to Hong Kong following up
our telegraphic approval of the Estimates.
The attitude finally adopted
towards the Estimates and as regards
the desirability of further strengthening
the revenue structure in Hong Kong is
that expressed in our telegram No.751.
Our draft despatch is based on that
attitude read with the Governor's reply
to our telegram No. 751.
The separate despatch about the
Tai Lam Chung Reservoir project, to which
reference is made at the end of para.4
of the draft, is still under consideration
here. You were, I believe, in on
earlier discussions of this project which
took place while I was on leave and you
will of course be consulted about our
despatch when it is ready. (It seems to
me that the practical need to raise money
for projects of this kind is much more
likely to persuade Hong Kong's unofficials
of the desirability of increased taxation
than