40
AYTANO
and the terms of
а
developmental character included
/91
intensity of present inflationary tendencies in
this restricted area, the general reasons against
SI...
overspending of any kind in Hong Kong at the
VOL
I
present juncture are very strong.
Nevertheless, I could not accept the view that it will
ت.
ད། ཤི་ཟག
not be both practicable and desirable for Hong Kong in
the near future to supplement from her own resources
the Colonial Development and Welfare assistance
:
€
which she is due to receive, and I will await with
interest your proposals for the expenditure of the second
half of the Hong Kong allocation under the Colonial
I
Development and Welfare Act, in connection with the
urban development of Hong Kong. I understand
from the Financial Secretary that the proposals which
have hitherto been submitted cannot in fact be said to
Cevni nofte
:0 represent an integral part of Hong Kong's development
plan as such, but are rather in the nature of interim
+
DIS19*
'
DWOLN
proposals for the expenditure of a proportion of the
པ
Colony's Colonial Development and Welfare allocation,
bon
'I
pending the elaboration of a full plan which will
include the remainder of that allocation and which must
VISVIĴO94097 USE,Ɑ D.3
depend, at least in some measure, on the outcome of
38)
Sir Patrick Abercrombie's investigations.
IU...
I am
encouraged by this to believe that expenditure of Hong Kong funds for development purposes, side by side with the expenditure of the Colonial Development and Welfare allocation is, indeed,contemplated.
the 19489 estimates 40
→
D9J
Turning to the proposals submitted in your despatch,
the only general comment I have to offer is that some
ginctly remunerative
of them seem to be of art economic nature and should
...
more properly be financed by loan than by grant, and
that it would be preferable to confine Colonial
...
Development and Welfare assistance to those proposals
which/
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