singularly inopportune time to do this; and I cannot help fating that part at
hair of the дил +
present
a simplers
/
to
reason
doing
for this is
a desire
estimates which show
with out increased taxation,
and so support H.K.'s determination not to try to increase taxation. Whilst
normally it is
no
Co
to estimate
s in a
doubt a good thing
clovely
possible 4.4.
very peculiar position in that
on sumpreses, of a
she has to rely
a
fanly large order, we to finance development work. I have
above
angued that to get sufficient supluses 4.4. needs to nivease taxation and it Seems to me in all the circumstances that if extremely conservative estimating is the only way
increased taxation part Leg. Co. then she should stick, as in the past, to such coursewatol estimating.
де
8. The
from (1)
H.K came
only other points ausing
in paras. 78. I
(1) are
believe the consolidation proposals
have als
already
establishment
been approved and the
the two funds is
f the
answer
under consideration on 54466/1/51, should endeavor to get a final to on this matter off before 7/3/51. We
have a
on
already commented to the Governor 94503/10/51 on the proposal to include $8 million in the estimates in
respect of the
the Colony's contribution
for 1951/52 towards
towards the cost
f