528
Exceptional nature. It does not represent the permanent acquisition of a property by the Colonial Govt; but merely its temporary acquisition with a view to re-sale as soon as possible. Could not treat the expenditure as capital outlay in line with the receipts as reimbursement finally charging the net loss if any.
Military Expenditure. If our Contractant the burden as I fear the repayment will be spread over many years judging from past experience, I would deprecate putting it to suspense account contrary to recognised practice for military works. We can get over the difficulty by not fearing unduly swelling the Revenue which the Net Revenue & Contribution is based on directing that the receipts from time to time by way of reimbursement of Military expenditure should be kept distinct from ordinary Revenue (see par. 5 of Instructions re Estimates, &c.). I inform W.O. & Treasury that such Exceptional receipts are not to count in the percentage.
This has since been agreed to 5Bug7/10/96
The Hongkong Accounts do now show the Loan Expenditure separately; the only differences that they send home all expenditure (dran & credit) at the same time, which is simpler & less confusing than the English method.
It is important not to swell the receipts by fictitious items, regarding Expenditure properly chargeable against Loan. I quote the Solicitor's opinion in England. The thing that happens to have happened is that the actual dollars paid on the Specific loan works out to ...
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Exceptional nature. It don not
represent the permanent
I acquisition
of an perparty by the Colviel het;
bush merely
it's Commpnary acquisition
with a viewd.
to re-dobe
As done.
as frille. Could an not heat the
blue.
Expenditure
as adieuc
In line
تست
the receipts
as Reform
menti, finally Charging the not
loss if any.
Military
to Expenditure. If our
Contestuctant the burd
As I fear the repayment
will be spread
buk pingue
many Zears judging from past
experience, I would deprecate
à suspense one crust wh
to on
contrary recognised for miradago. W
can get!
over the diffin
g
AL-J
to
you fear unduly swelling
the Revenue which the Neck &
Contr is basedly directing
thant
the receipts from ten by way of reconpement of
Mis expenditure shane'd be kept. ritinct from ordenanz Winarz Revenue (eee par. 5 of
Justraction Estimates. Justinction) I inform W.0. & Treating that way such Exceptional receipts
with
are not to cont
in the percentage
Jud.
been
This has since
agreed to
5Bug7/10/96
The Hongkong Accounts do th
سته است
now show thein
F
Loan Expenditure. separatel; the mly differences that they send home all expenditure (dran & Adrians)
an at same
time, which is simplen
& less confusing than the Eaglen.
method t
aug.
on a percentage of remue it ou
important
It & swell the
receipts by fictitions themes, de
fürt
regard Expenditure prom
érem, I Qued the Solithish
A
ban vanuit
in Eaglen.
The thay tiny people appens to
han Mitted
Gde so he wo
bethe divos than that the
actual dollars paid on the
Spitifu loan wutzs
1020 ht
9
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