37
7713) Wt. 40552:714 50m 2/48 C.N.Ld. 748
C.
Radford
(6/48) Ansu ( 6143 14226/5/18
29:8
Wallace
Mr.
Mr.. Agreed by Mr. Bandilla
31/1⁄2
Mr.
Mr.
Parkin 19 Jr. as ope.
Permt. U.S. of S.
Parly. U.S. S.
Minister of State
Secretary of State
Your Reference......
DRAFT.
DESPATCH
No 302.
Sir,
GOVERNOR
HONG KONG
(17)
54403/48
53652/48
FURTHER ACTION.
(22)
Financial devolation
Draft In Treasury
Ana'd (30)
Стоти
24-9-48.
I have etc., to refer to my
telegram No. 611 of the 1st June 1948
on the subject of the relaxation of
control by His Majesty's Treasury over
Hong Kong finances.
2.
At recent discussions in which
Mr. Follows participated the general
financial policy of Hong Kong was
reviewed. Observations arising from
these discussions have been conveyed
to you in my despatches Nos. 209 of
the 13th July 1948 and 303 of the
24. Supt 1948.
As a result of the se
discussions it has been agreed, subject
to any comments you may wish to make
that the former Treasury control of
Hong Kong finances should cease and that
arrangements as indicated below should
be considered as in operation from the
1st April 1948. These arrangements
should be subject to review at the
1st April 1949. (In this connection see my Confidential Circambar Despatch of the 23rd Amy on
3.
The arrangements proposed are as
follows:-
(a)
The Secretary of State's approval
will be required for:-
(1)