CO129-502-4 Acquisition of Kai Tak for an aerodrome- provision of funds 11-1-1927 - 12-5-1927 — Page 3

1. Gov. ul

3

11 Jan 1927

Gives details of costs and recommends it showed be financed by loan. If appod $1,000,000. should be made availabl

at once.

I spoke IM. Ellis about It is tel. We must now

a

conference to discuss Hi

aulkerised

procent to

cale

Mun doing so

ban as

a

decision

HK is lße au Korised

Examination of

Shing

23082/26 Set before

is nquired

as to whelle

Kincur this addt. commitment.

Hi Est. for 1927.

Seen approved, revealed

which have hohe

Kat the Tol. Lad

exhausted the whoh of its liquid surplus and

that only by the experient of raising

The thing Mun

Salance.

a

Iran pr

Scheune coned the Budget be mach to

If therefore 1927

trade with S. China as

up against

it.

ら

as bad a

a year

for

1926 1tk with be usiondly

The one

safeguard is that

allkong! expenditure has seen curtailed the

continued optinion ofthe unfficials has offer

prevented any

drastic cuts : if He fore the trade

position faits kimprove

economy

and retrenchment

ib

HK Mpay it way.

It is

J

ひん

genwally

a

policy of

д

Verse

may

slik enable

admitted that the possession

acodrome is of great importance Wthe lot,

and Kät Hi Kai Tak Reclanation is the herst

suitable, if not the only

viti for it.

But are

to justified when the financial situation is so

prccasions in

In an

animising

immediate acquisition?

The