2. In the light of the above declaration the
Government of Hong Kong have rod whether
should
a war damage compensation scheme be introduced.
expert
As a result- however of an examination of the
whom they
problem by a Commissioner/appointed, to repert
regard
on war damage claims received by the Hong Kong being had expecially to,
Government, they have come to the conclusion
that there does not appear to be any general
need for a compensation scheme in Hong Kong.
in view of the great commercial prosperity
which the Colony has enjoyed since its
ig
liberation, a result of that prosperity, much of the loss arising out of war damage
and losses has already been recovered, and
it does not appear that rehabilitation of
industry and commerce is being held up by
any lack of financial resources.
the Government of Hong Kong, after full and
careful consideration of all aspects of the
problem, have recommended that no compensa- tion should be paid for war damage.
3. H.M.G.
Accordingly
18..
Consequent upon the?
Colony's prosperity
after most careful consideration have decided to
considered fest carefully
this recommendation by the Government of
Hong Kong and have decided to accept it
Revertheless, they are anxious to give
practical assistance to the Colony,
as
evidence of goodwill and of their belief
in the Colony's future. The extent of such
assistance must necessarily be determined
having
by the ability of H. M.G. to help in the Ford to
stef conditions in the United Kingdom
following the crippling losses entailed by
the war and the heavy burden of taxation
falling on the United Kingdom taxpayer.
In spite of these factors, they have felt
to
accept
able