336
unlikely that I think the advantage is outweighed by the complications in accounting system and other disadvantages. In the case of Hong Kong, the proper course in the case of public works votes has been pointed out to the Governor in Sir Arthur Gordon's despatch 105 of 15 Aug 79 (11203/79). It only remains to refer to these instructions, and to state, with regard to Mr. Keswick's remarks in para 4, that the vote of each year should appear on the Estimates as total. Estimated expenditure of that year.
Secondly. With regard to Mr. Keswick's remarks on "a vote 'on account' of a large public work", and Sir J. Henry's allusions to the deficits at the beginning of his administration giving place to surpluses (see beginning of para 5, and his reply to Mr. Keswick's remarks), I do not think Sir J. Henry's answer to this (para 2, person marked) is satisfactory. It is obvious that where there is an accumulated surplus balance out of which great public works are paid for, and where money is borrowed for such works, it is possible to show either a surplus or a deficit according to the way in which the receipts and payments on account of such works are shown in the returns of the expenditure of this year.
Sir J. Henry says "Whatever new expenditure is incurred during any year should be met by the revenue of that year; otherwise there is a deficit." What depends on what is...
336
unlikely that I think the advantage is
the complications in
and other disadvantages. Inked the
outweighed by
-accounting
system boho york
will
probably
regand
Gender
punta stop to in Ceylon, while
king Kong, the proper course in the case
offentlic works votes has alex
-y
L
forinted out to the Governor in Sinten.
and's Beade's despatch 105 of 15 aug 79 (11203/79] . It only remains to refer to these nstructions, and to state, with regard to hr: Keswick's remarks in formaid, that
charla ! kinità
the vote of each year
: the sun estimated to be expended in
and should appear on the
that year, Estimates as
tatal. Estimated expenditure of
Secondly. With regard to Mr. Keswrites
a vote "on account of a
Zumarks
A
"30 much.
Si). Hammany's allusions to the
deficits at the begining of his adumisitation
giving place & Turplices (ace beginning phr. K's. teach his plant cnclone),
qur
I do
not think Sis J. Henry's
answour to this (p.
to this (2.2 person, a marked]
is satisfactory. This obvious that where
this an accumulated sup
balance out of which great publie
works
Catah
paid for,
j
where
money
is borrowed for such works, it is possible
tothew
murplus or a
deficit
according to this way in which the
receipto a payments
account of much
works are shown in the returns of the
expenditure of this year.
O
Zeta
Si). Henny says "Whatever new you
J.
ing and should be met by the revenne
of that year; otterrwine there is a deficit." Went depends
on wheat is
No comments yet.
Private notes are available after approval.