14
be forgotten that there has been a considerable falling off in trade during the last twelve months. Figures recently quoted in the Press from a report
of the Statistical Office of the Hong Kong Imports
and Exports Department indicate that for the twelve
months period ended 31.3.33, imports of merchandise
fell from $721,552,771 to $586,130,811, and exports from $528,898,717 to $450,214,956 compared with the
corresponding 1931-32 period. It appears to me
that this falling off is likely to be reflected in
tinal
the, revenue returns for 1933.
the revenu
On the assumption that the 1933 budget
will balance, the present proposal amounts to the spending of $631,658 out of last year's surplus of
$1,034,259. I think that the Governor has established
a case for such expenditure.
As regards details:-
Head 32. Items 21. 22. and a new Item. Now that
the Hong Kong Government has been authorised to carry on its own wireless services (see (76) on 92640/32),
I do not think we need question the details of equip-
ment required. General policy as to new wireless services is being and will be considered on 13808/33.
Head 33. No observations.
Head 34. There are several new Items which involve
considerable future commitments.
The largest new committment is $560,000 for Benior Officers Quarters, May Road, on account of which it is now proposed to provide $50,0
provide $50,000 this year.
as explained by the low. in parran 4 of the deep., this expenditure is remunerative.
a supplementary estimate to
No comments yet.
Private notes are available after approval.