1. Jan
2.
tel.173
174
(Ref. 1)
Orj. a. 53837/1/483. Extract from for. Desp. 300
в
5446/4/48 4. b. G. P. Follows
conf.
22-2-492
21-2-49
11-12-48
2-12-48
5
You
tel 831 Sar
9-12-48
M' Wallace
The important point disclosed in
the telegrams
telegrams at (1)
1949-50
Estimates
←
(2)
about H.Ki
even
with
is that
HMG." grant of $16M
the estimated surplus
1⁄2 M. If there fore
necessary
we
Taken into revenue
will only
only be
feel that comment
the
broad policy which
could,
with
are pursuing
we
in
Hong Kong
of the
telegram which
we
sent
in velation
に
The
but slight amendment, repeat parni
year ago
1948 file).
HK
W
refer
1948-9 Estimates (E) or
In justification of their budget
the abnormally high expenditure
security, to heavy expenditure Extraordinary, $9M of which
Works Extraordinary
on Public
would
properly be chargeable to the Rehabilitation
hoon funds of any
and 1:
remained unallocated,
anticipated opposition
the Unofficials to
the part of
any further taxation. It is
a
the
though revenue
surplus of about $16M current year's working
does
materver
tome
that
й
expected
over
and
been so
uny
well
be that
that
not appear to have
conservatively estimated for 1949-50, it
underestimate and
in fact it is
surplus
wile
agan
result. in the other haund expenditure