security through bigh is likely to

so

and it

is

draw comfort

all abnormal.

perhaps from

remain

3

unrealistic to

the fact that"

expenditure

if

were excluded,

normal

evenue

be

more than

adequate to

balance the

budget"

would

occur

to

The following further points

in

there telegram:-

amrection with

is

(a) although HME." grant of $160 in

to be absorbed

there is

into

evenue

in 1949-50

whether

indication.

the estimates of expenditure include

provision for discharging the

I

x

understand that in fact- this tel. her why just give the Try. In comamane

4.413

ཅ་་འༀ་ཨ་བ

known

war habilities,

ff) in his depatch

a

the 1948-9 Estionates

the Governor

advised

increas

in

the

Earnings

agamist any

standard rate of

and Profits tex

establishment-

until the

was up

to strength. Since then the stall

position

and

only

has considerably improved

A candidate

to ove

two vacancies

about to

emain.

be apponited

good

a

of these and there is chance that another candidate

considered suitable will be induced to accept appointment to the remaining post.

could therefore be

Consideration

given to the question of raising the standard rate of taxe if this were

thought

other

grounds

The Governor

veja

to the question

desirable does not howeve

(c) in para 9 of (

munid

loaus

the Governor has in

I think, the question of further

އ

well'

an

further

issues of the

Rehabilitation hoan. He will now have

received

o

telegram

if he

of beater bonds suggestion made delayed despatch Tại hàn chung

the subjed

agrees

therein, the

to the

long

the financing of

issue,

telling

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