CO129-164 - Sir Kennedy - 1873 [7-9] — Page 482

the salaries of Offices ** fixed as far as possible & teaching Officers to look to

promotion

as the reward C

Efficient service -a

Lystem

which is preferable to that

of increasing the salaries of individual Officers.

I do not obsgove any

item in the betingates that calls

for

t

but

remark from me, I am glad lobe able to express

severally my fatisfaction

the present state of the

Finances, & particularly with reference o the amount of crime in the

Colong that has enabled,

gon t

Effect such considerable reduction

in the expenditure under Police

+ Garts.

with refers respect to

M

the 23rd parapraph of your des batch as to keeping in reserve a balance of $50,000 I have to

Mer.

MINUTE.

Mr. Meade.

Sir H. J. Holland. Mor. Herbert.

Mor. Hugessen. Lord Kimberley.

419 appear

observe that you for th Afto

have misunderstood the

inctmction of my predecessor.

It was not his intention to

direct you

to have a martin

the betinated

of $50,000 between Revenue & sesone ture of Each year,

bat that taking

into account-

the balance of Assets over Liabilities, on the 1st day of

the year,

which in the financial

it has

Estimate for the year

been the custom in Hongkong

to apport consider as available for appropriation "gether with the incoming Revenue, it was

desirable that a bance of $50,000 should be reserved

after excluding any the Assets which were

itans

of a

doubtful character or not likely to be soon available.

In the financial proposals You submitted for 1878, you contemplated the reduction