CO129-534-6 Loans for public works 24-2-1931 - 11-8-1932 — Page 15

15

*Eu rate is

Summary of Expand"

thought unnecessary.

We shall be receiving

the Estimates as passed in two or three weeks.

It may, however, be some time before we are

able to announce approval of the whole Estimated

and I think it will be convenient for the Hong

Kong Government to receive telegraphic approval

now.

As regards the naval arsenal

expenditure, I think there may have been some

confusion. I imagine that when the Governor

spoke of charging the expenditure to surplus

balances, he was using this expression loosely

to mean charging it to ordinary expenditure

so as to create an excess of expenditure over

revenue which would involve a reduction of the

There is no surplus balances of the Colony.

question of the money not being voted by the

Legislative Council, and provision for it is

included in the draft Estimates. I do not

think it was contemplated when No. 3 was sent

that we should insist on extra taxation being

raised to avoid a deficit as a result of this

expenditure.

? Reply by telegram approving the

undertaking of the gaol from loan funds,

n'cosmectin an

and the expenditure of the naval arsenal as

S,

provided in the draft Estimates;

and say

that as regards the water works, the Secretary

of State will await Mr. Binnie's Report.

See also 8285

82850/31

Recire, as to l

). comé

9·11.71