10
I have nothing to add to the minutes of Mr. Harding and Sir Frank Stockdale beyond underlining the necessity of a reasonable profit being made wherever possible from these publicly financed
projects. This brings me to the general question of the financial position in Hong Kong and I cannot accept the non-possomas attitude in paragraph 3 of the despatch. There is a great deal of wealth and business profits in Hong Kong at present and I see no reason whey the fipedal situation should not ve reviewed and revenue increased. Some revenue is derived at present from monopolistic public utilities. I believe that recently there has been a great spate of bonus shares and a considerable watering of capital. There seems to me considerable scope for increased
revenue.
Re
б
1.1.48.
innatite application
toporately
Su
1948 file
in continuation