CO129-401 - Governor Sir May - 1913 [5-6] — Page 8

E

¦

1

Дире

CONFIDENTIAL.

C.O

17755

7

¡Rec

[Re: 26 MAY:5Į

GOVERNMENT HOUSE,

HONGKONG. lat. May, 1913.

Sir,

40448

In continuation of my Confidential Despatch of

the 9th. of November, I have the honour to transmit for your in- -formation the enclosed copy of a statement of the Estimated Revenue and Expenditure of the Canton Government for the year 1913, recently published at Canton.

The ordinary revenue and expenditure are made

to balance but many items under the former heading look very doubt- -ful (e.g. supplementary and miscellaneous duties and miscellaneous subscriptions) while in others the estimate is considered very optimistic.

No mention is made of the liabilities re-

-presented by the large issue of unsecured notes. The estimates

do not seem to be taken seriously by the Chinese who appear to

place no reliance upon them.

I have the honour to be,

Sir.

Your most obedient,

humble servant,

Amaz

Governor,&c..

THE RIGHT HONOURABLE

LEWIS HARCOURT, M.P.,

&C.

&C...

Page