Code
PRIORITY
No. 376
INWARD TELEGRAM
TO THE SECRETARY OF STATE FOR THE COLONIES
COPY FOR REGISTRATION
FROM HONG KONG ( Sir A. Grantham)
D. 12th April, 1950 R. 12th
08.35 hrs.
1452
61
11
12
APR
XI XII
1950
T
(7)
9) Your savingram No. 320.
2。
Financial Conference.
Reference "relief stores purchased from grants-in-aid" referred to as category B in your telegram.
3. Of these grants £2,500,000 (sterling) was advanced during occupation of the Colony and before the return of Civil Government to meet deficit of revenue after using transfer of nearly £2,000,000 (sterling) from Exchange Fund Account. The remaining
advance of £750,000 was similarly used towards meeting payments arising out of the war. On investigation, it does not appear that it can be said that any of the free grant was used for purchase of relief stores which were re-sold, and this aspect appears to be covered by account for B.M.A. stocks and "hangover" stores.
stucks
4. Your telegram No. 422 provided first information of value of stores supplied by His Majesty's Government. will be possible to account approximately for difference of
I hope it £1.2 million in time for Follows to bring this information.
Сбра
t
R. G. Marris, Tay.