development programme, financed from
current revenue owning
to (b) above. In
connection with development
9 a
disappointed to see that no mention is made in (1) opposite of the Tai Lam Chuing water supply scheme
the mort
important single piece of development work to be done in
the Colony; this
not be because the maller
Can
has
I therrike rely
may been ignored (we In Bowning, the new D.P.W.
an
press for "but simply
to Atay
early start on this because expenditure
it at such an
on
early stage in the
scheme is not likely to be significant.
4. It is interesting to note from
of (1) opposite that,
para. 6
mis read this, the tax to which we
an alterative to
Nate
of income o
business
agreed
unless
registration
last year
Ang
2
increasing the standard profit Fam
by
a
further 6d in the It has not yet
been collected;
proposes to
rance
and
now the Governor it from $300 to $200 which would bring the yield down from $6 million to $4 million. personally do not feel like opposing this reductions since I consider the tax and niquitous one
small man
anyhow, hitting the
man just mare but I do feet.
an
the ing
hand as
we have
some
Hory
profit tax
cause for complaint to Hong Kong
a,
wve
increase
only agreed
income
to the smalle
and
5