23 for
!
Palmer
Im Stall
report
Sow 1274 Cont
1. (23) is H.K.'s usual quartering
ther Inancial situation and
contanis information
the and
G
the sition up
26
of the his half of the financial
year.
There
are
number of interesting
items in the report quite apart from
the
1/12/00
5
actual statement of financial positions which
much what ive expected.
is I think
2.
There is
an estimated surplus
about $40 million, even after the contus utions
to St. M. Go for the coor
of reinforcements has been
taken into account, for the first half year.
Ar proportionate rates
02
surplus expenditure is
this
would mean
the year of $80 million;
however usually
half of the year
the second half
Ache
elsewhere suggested $60 millions
surplus. Such estimates
hearien during
and
it.K. has
likely
༢.
clearly dependent
on the assumption that the Colony's economy
will not be seriously interfered write
result
and on
current events in the Fam East this assumption, and bearing in
mind that the departmental economy
drive
effect,
wxx
informed
in (19)
opposite can not yet
be having its full I should still not be supused a surplus of $70 million or more, even after the contrisation to stir. A has been paid in full, at the end
the financial
See
ді
year.
my However
as the Grovemar points out in para. 5 & (23) opposite this smpho will largely be
Swallowed up
$50 million (or possibly incore!