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things have not been going well for the trade of the
Colony and we have large commitments to face, $2,300,000
more for the new Civil Hospital, $410,000 for Senior
Officers quarters, $335,000 for the Shauki wan Road,
$482,000 for the Central British School, not to mention
the final half million for the Naval Yard. All these,
unless the revenue rises again will have to be met from
There are of course credits to come in
respect of the site of the present Civil Hospital and the
Naval Yard, but the amounts and the dates of realization
are very speculative and the Government does not consider
a surplus of ten and a half millions to be more than a
safe margin.
our reserves.
As regards Loan Works I do not think I need add
anything to the explanation given at the end of the
memorandum on Public Works. There is however, one item
which does not appear there and which may call for
expenditure next year and that is the Vehicular Ferry.
Considerable difficulty has been experienced in berthing
these large new vessels with the speed necessary for a
rapid and regular service. Certain additions to the
piers have been recommended by the Port Development
Engineers, especially at the Hong Kong side, but before
embarking on this fresh expenditure, estimated at a
lakh or a lakh and a quarter, Government has thought it advisable to seek an independent opinion and the
case is about to be laid before Mr. Q.A.G. St.J. Kneller,
No comments yet.
Private notes are available after approval.