CO129-536-1 Estimates- 1932 3-9-1931 - 16-6-1933 — Page 9

Jaffreciation of the way the estimatio

legtie

were presented by the Freasurer might be included in the despatch.

Melamaro

24·12.31

8 Gov 486

13.11

Request that

C. A

be

customelid

mary

li

way

B ZBO the

lived for

to the Imp: I. shtate

alance of £20

of t20 will be local expenadline

the

4. PATUTAN TEZ 1.

DESTROYED UNDER

Lequests

гери

4/1

The Estimates are a great improvement

on previous years. The Treasurer's memorandum

(enclosure 5 to No. 5) is particularly helpful,

and I agree that in our reply we should express our appreciation of that memorandum and of the general improvement in the form of the Estimates.

The financial position is at present

satisfactory. The expenditure looks large

but the Estimates are based on $1 = 1/-. If

the dollar averages 1/3 or 1/6 throughout the year, there will be large reductions in expenditure owing to savings on their sterling

commitments. The main criticism from the

unofficial members was on the sterling salaries

point. I think they have some justification

and that sterling salaries Hong Kong Civil

Servants