CO129-541-2 Estimates 1931 14-10-1932 - 19-7-1934 — Page 133

unserve that a change hare keens

made in the form of the tolimates whereby the cost of the Cadet Service, The Senior Celesical and Accounting Haff

and the Junior Elerical service,

Departmental Heads 4. I note with satisfaction the

Various

159

increased grant which it has been

decided to make to the Society for

the Protection of Children.

•

shown the

The maintenance for the time

being of surplus balances of not less

than $10,000,000 is a measure of precaution

with which I am in agreement. I consider

that a substantial surplus balance is

particularly necessary in the case of

Hong Kong, whose currency is liable to

considerable fluctuations.

Although taxation

does not appear to be unduly high in the

Colony, the possibility of some reduction

should not be lost sight of, especially

if it appears that an appreciably larger

surplus balance is likely to accumulate.

I approve the inclusion of

provisien for the additional Tytam Tuk

catchwaters in the list of works chargeable

indorinection with thems

to loan, and to the expenditure being charged

for the time being to surplus balances.

6.