CO129-516-3 Military contribution of Colony assessmenet of contribution 13-3-1929 - 28-3-1930 — Page 19

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

19

Governmental act wit is

milans

that more and more expenditure

and reverse is handled by Goût

with out any corresponding increase

in the wealth of the community.

sall befeated

It does not follow that

this country has increased in

wealth sixty fold

because

half

the surtax-payer's income is now spent for him whereas only 2 the f wast allen from his grandfather.

I think we may acceft the

Wo dft; Gut Me Clauson in saying

&

20,

might add that we

cannot agree

to accept in all cases

sources

the principle that new sources

revenue are automatically included in

the assessable revenue.

1.02. Martin 22.5.30

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