CO129-511-11 Estimates- 1929 21-9-1928 - 14-11-1928 — Page 41

18.

however the_Geleniel Dud et Poor trade he's resulted in

%

much capital being idle and unemployed and finding

its way to Hong Kong. The openings that are taken

here result in a definito advantage to our revenue

and though we would be better pleased to see the

money used in trade with China on the old lines,

it remains that the Government is in a position to

carry on the work of the cxtension of the Colony

almost as in our best days. The optimism you

confessed to last year, Sir, then you introduced

a Budget with a deficit, has been justified, and

I think we are still justified in introducing a

sccord Budget of the same nature, but involving

even an increased expenditure, with the same

optimism: for there is a firm and general confidence

in the future prosperity of the Colony, a confidence

with but a poor foundation if it does not rest on

the belief that the fostering of industry and

commerce must within a measurable distance of time

assume its duc prominence in the programme of those

who direct China's destinics.

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