CO129-435 - Governor Sir May & Acting Governor Claud Severn - 1916 [9-11] — Page 669

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

details the 1915 expenditure bat the defreit is apparently in the closing If the Railway Capital recount

General as the $3900 pro

& dubiting worsene

odd which pgmis Lent liter

A

he

L

1914

coret.

The resence in gul Las exceeded all

extrin aton

with

A

*

they hope to

ind theser

cost of mult1⁄2 million

near

In his speech to Council the for remails that

no proson ineceriy for interest on advances by the C. A. - the overdraft at the hand, which have happity ceased texist." If expectations are realised the foling at the end of 1917

and have actual cash balance (some $1,800,000 which after deducting the debit balance in 1915

actual

wow have them with an

si cash.

$ milion

The Colony may therefore be considered the doing well.

To tax as I can see, the estimates of

urenue &o not err on the side

over optimism

:

they

an hand

chrifty

on revived estimates for 1926

+

652

there seems to whath why, withe alance of eg further renoir trade distration

in China, thing and not be mehed Lacending

recessity tant down the expenditure programme though

AD

it might be as well to dass when't that he had better tup some of his P.W. Linki programome up his sleeve in case o

houble. His a big hossamm

Lead are!

murerons Leading

cruet

"misallareons" which "The out out if necessary

motably he

As moved the estimates are, if any thing,

over annotated. Ihe Joi's speech

Landly read the wad in

of

which !!

enterity wit is

angely detail the wotes, give a full

account & there is sit much to yo points of details.

Revenue.

Opain (p.g.) in expected to produce a further $1.000.000 swing of the rise in price in two need bast syarch: the neww to faces duty is calculated & guit $400,000.

My

1

I the boys

P.12. The Taking

Luntour is expected

Lange b

in the

& increase fees

P.13. Imigration her become cormal.

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