07
(55081/18/46)
(55077/2/47)
take his
arom
thu
hormcilities of funds beniz rezannes free
Bli cost
(53252/47)
Transfer to
The enakim darse, whelk the appreciation
Should include
theropodā position to consider your request for a grant by
H.M.G. to Hong Kong, it will be necessary to have
a fuller appreciation than can be drawn up in the
Colonial Office of the Colony's liabilities and its
financial position over (say) the next five years.
Such an appreciation would include the best estimate
that can be given of the Colony's liabilities for
war damage compensation and rehabilitation of
Government property and also for the expenditure on
the local volunteer forces referred to in tubuh savingram No.464 of 30th December 1946; expenditure
the work youngs on passages of ex-internees referred to in
despatch No.172 of 12th November 1946; expenditure
on relief in Macao of refugees from Hong Kong; and
any other types of special expenditure which arose
out of the war and which in some cases is still
continuing. It would be convenient if attention
could be drawn to any particular case or cases
where it is considered political difficulty is .¿
likely to arise in charging the expenditure finally
to Hong Kong Government funds. I suggest that the
appreciation should also include prevision for the
include a reference to cost of the /construction of an international airport, which might be taken as £4,000,000 for this purpose.
dis Thank Young's I note from paragraph 7 of our telegram No.533 that A is you proposed to address me in more detail in regard
to the financial position generally and doubtless in
doing so you will take the above factors into
account.
The appreciation should also allow for any
increase in revenue arising out of increasing
trading activities and also of additional taxation,
such as for example Income Tax. It need not include
any provision for a contribution towards the net
cost of the military administration, Xi.e. the
Xi.e.
gross cost, less any receipts from the sale of
supplies