CO129-555-2 Estimates 1936 30-8-1935 - 29-1-1937 — Page 6

I see no objection to the use, in

resent circumstances, of the profits

lying in the Trade oan reserve. These

;rofits would, I presure, be ultimately

paid into revenue, and it seems quite

safe to take over a part now.

As to the salary levy, I think

that we must agree. Hong Kong has so

far escaped the necessity of imposing

a levy; and although it is unfortunate

that the H.k. public service should

suffer it just when in other Colonies

the levy is being abolished, that is

no ground for relieving them.

as proposed.

H&K Cowell

2-9-35

9 Гилий

the action, unt

I apie to

that

in practice only any

severe

necessity would justify the imporisia

7 a levy

al

this stage.

The

general

depression of 1931

to ou

the Yast

9 suprise.

ana

expedients

hard to in winpervised

to dial

with

tu

rimation.

We must

ин

allow

i

to

muphoud

ital

tumhnam

ренташий

uituperence

with

the

slaves

り

Ext. official

i a

Caus

which

the

umrtia

to

in namany

in umstances.

CS. Jiffra's

2.5.31*