448
not propose however to do more than indicate
Refer to them
these generally at the present moment, as
their ultimate decision must depend in a
great measure on the course of events.
329
You will have gathered from my
previous remarks that I am not prepared to
accept Kr Lockhart's recommendation that the
new territory should be treated as separate
from the existing Colony, and that I am in
favour of utilizing the existing machinery
of overnment in Hong Kong as far as local
circumstances will allow. This principle
should therefore be borne in mind in const
dering all questions connected with expendi –
ture and taxation. Whatever expenditure is
incurred should appear on the Hong Kong
Estimates, and whatever revenue is collected
should go into the Hong Kong Exchequer.
3
It will be seen from p.16 of Mr.
Lockhart's report that the total revenue
21
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