the
5 mall
availabe balancer
of the Colony should be
immediately swallowed if
in the executions of
extra.
Public works as
ordinarily proposed by the Unofficial
members of the Legislative Council, as I
very
as I consider it
desirable that the
Considerable
Colony should possess reserve
to meet the
demands, to be employed in the
possibility of an
Expenditure in
necessary &
the unexpected & unavoidable
diminution in the Colony's
Revenues. The present
Hong Kong
balances are
comparatively trifling in
amount
14 I concur in the view
expressed in para: 4 of
your Despatch under ack't
that the proceeds of Land-
sales are properly applicable
only
to Works of permanent utility. This view has been
frequently expressed in Despatchs
from my predecessors, & it is
in accordance with this
principle that it was laid
down in par: 26 of
the
Instructions for the preparation
of Colonial Estimates referred
to above that in the Absence
the
5 mall
availabe balancer
of the Colmy should be
immediately swallared if
in the executions of
extra.
Publix works as
ordinary proponed by the Unofficial
members of the Legislative Council, as I
very
as I consider it
desirable that the
Considerable
Colony should possess reserve
to meet the
frends, to be employed a
Mossibility of an
Expenditure in
necessary &
the unexpected & unavoidable
diminution in the Colony's
Revenues. The present
HougKing
balances are
comparatively lifting
amount
14 I concur in the view
expressed in para: 4 of
.402
your Despatch under ach't
that the proceeds of Land-
sales are properly afflicable
only
to Works of permanent utility. This view has beew
frequently expressed in Jeskaliber
from my pudicenors, & it is
in accordance with this
principle that it was laidh.
down in par: 26 of
the
Instinctions for the preparation
of Colorine Estimates referred
to above that in the Abslines
ST
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