x

15 Hong

Thai

Kong

i

a

tel.756

30-4-47 5

modest beginning with

tax at 2/=

the standard rate of tax at

the to. Even then

佐鳥

does not

of

pay any

fis income.

Considers

a

man

marned

Fax

in the first £750 p.

Stowever the Governor

that the important point

is to have

established the

principle of direct taxation;

that the

rale

and

Can

of necesory,

any, be

later

adprated, presumably upwards,

The cattitude

on.

on this malles

is

my

view

of the Governor

the

correct one

6

and it is interesting

leam that the Governor's difficultas

have been increased

by

the delay

in

the intrucation

of

Leome Stap

in Malaya

A copy of No. 15

should

до

th

for

Trecamy (D.R. Serpell's.

not think the telegram call

I do

a reply.

Koralmer 615

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