barid on
trav
31
the y50/s; estimates a $12 million
quoted
in foli (24 i.l. already
up on $77 million for the fist I monthro
The year, although the actual lash surplus is of course
ބ
svated.
4. Tobal Pahalisivation Loan expenditure now amounts to $,21 million. The setting of of 750 million
million of this
حة
expenditure, which has so far been met from sumping balances, against revenne
will therefore still leave $2 million spent from these balances which has
not been set
is of
Come
· revenne.
It aganior
bossible that
if the
ك
final 1950/51 simplers proves lage enangin H.K. will set this remaining money off in the 1950/51. accounts.
'Should I think
suggest
that
no
If not
not we
they do so
in 1951/52; there
doing
30
now there
naising any
more
ठे
5. The American embargo
Br Story Kory is
point in
on
no
hope of
nor
the loan.
rand materials
an extremely sensis
matter for the Colonya if the U. S. Gook
refuse to relax it, it
adverse effects
on
may
have far-reaching
the Colony's economie
life of prosperity; only indirect reference is made to it however in para 7 of (24) and
one
the
ganis
impression
that H.K. do
not expect quite such senais consequences
from the embargo,
as
may have been
led & believe. At all evento pore 7 of
(24)
Maes
the "political climate resulting
in Korea" generally the American embargo
four developments
rather wan
•
/specifically