20
19
Sow 853
1018150
Gym Palmer
In Hall
(19) in Hong Kong's quarterly
revenne
expenditure.
review
1
The latest figure for the 1949/50 sumphro
is $81,700,000
simpans balances
Revenne
nominal
guring amounting
to $154,000,000.
expenditure for the first
quarter of 1950/51 are
Sumpters for the quarter
at the
same rate
as
such that the
is pretty well
last
surplus i.e. $20,000,000 3 months. However
first quenter
expenditure
The year
in
Q
1
alway
year
for the
in pointed out
low in
the
or will mount later
Li
so that present indicationi
to be that the so/s1
seem therefore
sumpho will not be as
Jean's
In view of this adverse effects of
in the F.E.
on
the
lange
as last
of the possibly
international situation
H.K's revenue, together
with the possibility that further expenditure on
defence may
be
necessary,
the O.A.G.
has decided that it would be imprudent to contine expenditure at the level provided for in the Saturates; he has therefore instructed heads of Departments to take Certani steps to economise
A further despatch is promised
on
the question of transferring some Loan expenditure to Expenditure to be met from the empleo revenue $62,000,000
balances.
Khan of loan expenditure
Page 20Page 21
has so