1. Gor
Im Holl
In Palmer
tel. 196.
24-2-50.
2
1.
The
telegram
at (1) contamis
a
financial
Summary of Hong Kong's shimmiated revenue and expenditure for the year 1950/51. Expenditure is 1973/50 estimated figure (see (!)
up
from the
on — /49)
of $179'14 million to $199 million. Revenne, which last you ( see (1) on (49) was estimated at $1793/4 million total
(including $16 million grant by H.MG),
has in fact
this
very
estimate
مه
a
من
amounted
to $249 million
considerable increase over the
described
"windfall"
Opposite the
"
and
reasons
by
ni
the
Governor
para. 5 of (1)
for
are detailed.
باشد سلام
Revenue for 1950/5; on
the present
taxation basis is estimated at $192 mition
last
view of year's
and although,
in crew
results and the continuing prosperity of Hong Kong, it would I
unagine
be
surprising if this estimate were not exceeded the Corvernor does not
consider it prudent to budget for
greater revenue
I
unagune
than
a
the bave $192 milion
that we shall offer
no
objection to this line as, it seems to mes
الم